The S 500 index is a well-known benchmark composed of roughly 500 stocks that are U.S. companies, big, and profitable. Cloud-based cybersecurity company (NASDAQ: CRWD) will be included starting on June 24. And this company has absolutely earned the honor of inclusion.

CrowdStrike went public in 2019. And during the company's fiscal 2019 (which ended in January of that year), it generated revenue of just $250 million. Fast forward to fiscal 2024 (which ended in January of this year), and it generated revenue of over $3 billion. In short, CrowdStrike has grown by an extraordinary amount in just five years as a public company.

The quality of CrowdStrike's growth is also noteworthy. There are companies that have grown by a comparable amount, but few have also simultaneously unlocked massive profitability. Free cash flow has skyrocketed. And in its fiscal first quarter of 2025, CrowdStrike achieved a huge free-cash-flow margin of 35% -- that's incredible.

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Source Fool.com