| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 1 | Georgia Gulf | GGC | Atlanta | NYSE | Manufactures specialty chemicals | 19.7 | $2,206,239,000 |
| 2 | RPC Inc. | RES | Atlanta | NYSE | Oil field services, equipment | 25.65 | $339,792,000 |
| 3 | Spectrum Brands* | SPC | Atlanta | NYSE | Batteries, consumer products | 27.25 | $1,417,186,000 |
| 4 | National Vision | NVI | Lawrenceville | Amex | Retails lenses, optical products | 30.2 | $228,852,000 |
| 5 | Witness Systems | WITS | Roswell | NASD | Call-center communications software | 31.6 | $141,335,000 |
| 6 | Marine Products | MPX | Atlanta | Amex | Manufactures leisure, power boats | 32.45 | $252,418,000 |
| 7 | World Air Holdings | WLDA | Peachtree City | NASD | Charter, contract airline | 32.6 | $503,900,000 |
| 8 | Beazer Homes USA | BZH | Atlanta | NYSE | Home builder | 33.75 | $3,907,109,000 |
| 9 | Intelligent Systems | INS | Norcross | Amex | Incubator of technology companies | 38.4 | $22,332,000 |
| 10 | Aaron Rents | RNT | Atlanta | NYSE | Furniture, appliances rental/sale | 38.7 | $946,480,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 11 | First Horizon Pharmaceutical | FHRX | Alpharetta | NASD | Pharmaceutical marketing | 41.2 | $151,967,000 |
| 12 | Carter's | CRI | Atlanta | NYSE | Manufactures children's apparel | 41.4 | $823,121,000 |
| 13 | A.D.A.M. | ADAM | Atlanta | NSml | Interactive health, medical information | 42.05 | $8,433,000 |
| 14 | Atlantis Plastics | ATPL | Atlanta | NASD | Plastic film, molded products | 42.45 | $347,802,000 |
| 15 | Oxford Industries | OXM | Atlanta | NYSE | Brand-name apparel manufacturer | 43.05 | $1,116,552,000 |
| 16 | Nova BioGenetics | NVBG | Atlanta | BB | Biopharmaceutical R&D | 44.55 | $262,000 |
| 17 | Cousins Properties | CUZ | Atlanta | NYSE | Commercial REIT | 46.1 | $136,807,000 |
| 18 | Genuine Parts | GPC | Atlanta | NYSE | Automotive, industrial parts | 47.95 | $9,097,267,000 |
| 19 | Smart Video Technologies | SMVD | Norcross | BB | Video communications | 48.25 | $119,000 |
| 20 | Premiere Global Services** | PGI | Atlanta | NYSE | Conferencing, data systems | 48.6 | $449,371,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 21 | Delta Apparel | DLA | Duluth | Amex | Apparel manufacturer | 48.95 | $208,113,000 |
| 22 | Home Depot | HD | Atlanta | NYSE | Home improvement retailer | 49.45 | $73,094,000,000 |
| 23 | Mohawk Industries | MHK | Calhoun | NYSE | Manufactures tufted carpet | 50.8 | $5,880,372,000 |
| 24 | ChoicePoint | CPS | Alpharetta | NYSE | Credential verification services | 50.95 | $918,713,000 |
| 25 | Rollins | ROL | Atlanta | NYSE | Pest control services | 51.05 | $750,884,000 |
| 26 | Aflac | AFL | Columbus | NYSE | Cancer, supplemental insurance | 51.8 | $13,281,000,000 |
| 27 | Immucor | BLUD | Norcross | NASD | Blood bank, diagnostic services | 51.95 | $112,558,000 |
| 28 | Video Display | VIDE | Tucker | NASD | Cathode ray tube manufacturer | 52.3 | $76,592,000 |
| 29 | Integrity Bancshares | ITYC | Alpharetta | OTC | Bank holding company | 52.75 | $15,497,000 |
| 29 | Equifax | EFX | Atlanta | NYSE | Credit verification services | 52.75 | $1,272,800,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 31 | Roper Industries | ROP | Duluth | NYSE | Industrial products, instruments | 53 | $969,764,000 |
| 32 | Scientific-Atlanta | SFA | Lawrenceville | NYSE | Advanced telecom products | 53.55 | $1,708,004,000 |
| 33 | Global Payments | GPN | Atlanta | NYSE | Electronic payment services | 53.8 | $629,320,000 |
| 34 | Colony Bankcorp | CBAN | Fitzgerald | NASD | Bank holding company | 54.75 | $39,970,000 |
| 35 | Graphic Packaging | GPK | Marietta | NYSE | Paperboard packaging manufacturer | 55.15 | $2,386,500,000 |
| 36 | UPS | UPS | Atlanta | NYSE | Global packaging delivery | 55.25 | $36,582,000,000 |
| 37 | John H. Harland | JH | Decatur | NYSE | Check printing, financial services | 55.65 | $798,487,000 |
| 38 | Industrial Distribution Group | IDGR | Atlanta | NASD | Cutting, machine tools, supplies | 56 | $529,175,000 |
| 39 | CompuCredit | CCRT | Atlanta | NASD | Credit card marketing | 56.5 | $570,923,000 |
| 39 | Security Bank Corp. | SBKC | Macon | NASD | Bank holding company | 56.5 | $54,386,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 41 | Optio Software | OPTO | Alpharetta | BB | Business application software | 57.55 | $27,315,000 |
| 42 | AGCO | AG | Duluth | NYSE | Farm machinery manufacturer | 57.95 | $5,273,300,000 |
| 43 | EarthLink | ELNK | Atlanta | NASD | Internet access provider | 58.1 | $1,382,202,000 |
| 44 | Rare Hospitality Intern'l. | RARE | Atlanta | NASD | Restaurant chain | 58.6 | $812,563,000 |
| 44 | Thomasville Bancshares | THVB | Thomasville | OTC | Bank holding company | 58.6 | $10,738,000 |
| 46 | Acuity Brands | AYI | Atlanta | NYSE | Lighting fixtures, chemicals | 58.9 | $2,104,167,000 |
| 47 | Interface | IFSIA | Atlanta | NASD | Commercial carpet tiles | 59.15 | $881,658,000 |
| 48 | Summit Bank | SBGA | Atlanta | NASD | Bank holding company | 59.6 | $22,358,000 |
| 49 | Fidelity Southern | LION | Atlanta | NASD | Bank holding company | 60.55 | $50,289,000 |
| 50 | United Community Banks | UCBI | Blairsville | NASD | Bank holding company | 61.05 | $202,526,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 51 | Main Street Banks | MSBK | Atlanta | NASD | Bank holding company | 61.75 | $113,032,000 |
| 52 | AssuranceAmerica | ASAM | Atlanta | BB | Non-standard auto insurance | 62.4 | $24,187,000 |
| 53 | CheckFree | CKFR | Norcross | NASD | Electronic billing, payments | 63.5 | $606,464,000 |
| 54 | AGL Resources | ATG | Atlanta | NYSE | Natural gas distributor | 64.1 | $1,832,000,000 |
| 55 | CCF Holding | CCFH | Jonesboro | NSml | Bank holding company | 64.65 | $15,081,000 |
| 56 | AtheroGenics | AGIX | Alpharetta | NASD | Inflammatory disease therapeutics | 64.8 | $1 |
| 57 | Southwest Georgia Financial | SGB | Moultrie | Amex | Bank holding company | 66.3 | $17,174,000 |
| 58 | Coca-Cola | KO | Atlanta | NYSE | Soft drink producer | 66.45 | $21,962,000,000 |
| 58 | Southern Co. | SO | Atlanta | NYSE | Electric power utility | 66.45 | $11,902,000,000 |
| 60 | Synovus Financial | SNV | Columbus | NYSE | Banking, financial services | 66.6 | $2,152,152,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 61 | Savannah Bancorp | SAVB | Savannah | NASD | Bank holding company | 67.25 | $24,380,000 |
| 62 | Superior Essex | SPSX | Atlanta | NASD | Wire, cable manufacturer | 67.35 | $1,424,641,000 |
| 63 | Gray Television | GTN | Atlanta | NYSE | Television station operator | 67.55 | $346,567,000 |
| 64 | GB&T Bancshares | GBTB | Gainesville | NASD | Bank holding company | 68.3 | $52,100,000 |
| 64 | Georgia-Pacific | GP | Atlanta | NYSE | Forest, consumer products | 68.3 | $19,656,000,000 |
| 66 | SunTrust Banks | STI | Atlanta | NYSE | Super-regional bank holding company | 69.15 | $6,289,601,000 |
| 67 | Southern Community Bancshares | SNCB | Fayetteville | BB | Bank holding company | 69.4 | $9,519,000 |
| 68 | ABC Bancorp | ABCB | Moultrie | NASD | Bank holding company | 70 | $58,013,000 |
| 69 | SunLink Health Systems | SSY | Atlanta | Amex | Hospital owners, managers | 70.05 | $112,436,000 |
| 70 | Flowers Foods | FLO | Thomasville | NYSE | Baked, packaged foods | 70.25 | $1,551,308,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 71 | Internet Security Systems | ISSX | Atlanta | NASD | Internet security services | 70.35 | $289,893,000 |
| 72 | Schweitzer-Mauduit Intern'l. | SWM | Alpharetta | NYSE | Cigarette, specialized papers | 70.5 | $657,500,000 |
| 73 | Simtrol | SMRL | Norcross | BB | PC-based control systems | 71.6 | $566,000 |
| 74 | Charter Financial | CHFN | West Point | NASD | Thrift holding company | 72.3 | $28,254,000 |
| 75 | Crawford & Co. | CRD/A, /B | Atlanta | NYSE | Insurance claims adjuster | 72.35 | $811,662,000 |
| 76 | Serologicals | SERO | Norcross | NASD | Biomedical services | 72.7 | $195,923,000 |
| 77 | Matria Healthcare | MATR | Marietta | NASD | Employer health care programs | 74.3 | $294,382,000 |
| 78 | Pediatric Services of America | PSAI | Norcross | NASD | Home pediatric services | 75.1 | $239,774,000 |
| 79 | Flag Financial | FLAG | Atlanta | NASD | Bank holding company | 75.65 | $42,032,000 |
| 80 | Total System Services | TSS | Columbus | NYSE | Credit card processor | 76.7 | $1,187,008,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 81 | BellSouth | BLS | Atlanta | NYSE | Local telephone, data service | 77.2 | $ 20,300,000,000 |
| 82 | Caraustar Industries | CSAR | Austell | NASD | Recycled packaging products | 78.4 | $1,060,275,000 |
| 83 | Post Properties | PPS | Atlanta | NYSE | Apartment REIT | 79.15 | $299,830,000 |
| 84 | Russell Corp. | RML | Atlanta | NYSE | Sports, athletic apparel manufacturer | 79.35 | $1,298,252,000 |
| 85 | Delta Air Lines | DAL | Atlanta | NYSE | International airline | 79.9 | $15,002,000,000 |
| 86 | Georgia Bank Financial | GBFP | Augusta | BB | Bank holding company | 80.15 | $38,142,000 |
| 87 | Alliance HealthCard | ALHC | Norcross | BB | Membership health card | 80.5 | $3,947,000 |
| 88 | Firearms Training Systems | FATS | Suwanee | BB | Firearms training simulation | 80.6 | $71,854,000 |
| 89 | Corautus Genetics | VEGF | Atlanta | NSml | Gene transfer therapeutics | 81.65 | $83,000 |
| 90 | Bull Run Corp. | BULL | Atlanta | OTC | Event management company | 83.6 | $55,779,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 91 | WGNB Corp. | WGNB | Carrollton | NSml | Bank holding company | 84.55 | $23,335,000 |
| 92 | Coca-Cola Enterprises | CCE | Atlanta | NYSE | Bottler of Coca-Cola products | 84.75 | $18,158,000,000 |
| 93 | Roberts Realty Investors | RPI | Atlanta | Amex | Commercial REIT | 84.8 | $5,577,000 |
| 93 | Speedemissions | SPEM | Peachtree City | BB | Auto emission test centers | 84.8 | $2,868,000 |
| 95 | Raike Financial Group | RKFG | Woodstock | BB | Securities broker-dealer | 85.35 | $8,072,000 |
| 96 | Southeastern Banking | SEBC | Darien | BB | Bank holding company | 85.9 | $21,135,000 |
| 97 | Carmike Cinemas | CKEC | Columbus | NASD | Movie theater operator | 86.05 | $494,475,000 |
| 98 | S1 Corp. | SONE | Atlanta | NASD | Internet application software | 86.25 | $241,043,000 |
| 99 | Citizens Bancshares | CZBS | Atlanta | BB | Bank holding company | 87 | $21,187,000 |
| 100 | Radiant Systems | RADS | Alpharetta | NASD | Point-of-sale retail equipment | 87.15 | $134,874,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 101 | Cryolife | CRY | Kennesaw | NYSE | Human tissue preservation | 87.45 | $62,384,000 |
| 102 | Georgia Bancshares | GABA | Peachtree City | BB | Bank holding company | 87.75 | $9,947,000 |
| 103 | Jameson Inns | JAMS | Atlanta | NASD | Hotel, motel operator | 88 | $83,065,006 |
| 104 | Arris Group | ARRS | Suwanee | NASD | Broadband local access networks | 91.55 | $490,041,000 |
| 104 | Cumulus Media | CMLS | Atlanta | NASD | Midsize market radio operations | 91.55 | $320,132,000 |
| 106 | PAB Bankshares | PAB | Valdosta | Amex | Bank holding company | 92.25 | $36,317,000 |
| 107 | Haverty Furniture Companies | HVT | Atlanta | NYSE | Home furnishings retailer | 92.65 | $784,162,000 |
| 108 | NumereX | NMRX | Atlanta | NASD | Telecommunications services | 93.75 | $22,993,000 |
| 109 | Community Capital Bancshares | ALBY | Albany | NSml | Bank holding company | 94.85 | $7,823,000 |
| 110 | Atlantic American Corp. | AAME | Atlanta | NASD | Life, health, property insurance | 95.45 | $190,102,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 111 | Premier Exhibitions | PXHB | Atlanta | BB | Educational tourist exhibitions | 95.7 | $2,864,000 |
| 112 | AFC Enterprises | AFCE | Atlanta | NASD | Popeye's fast food restaurants | 95.85 | $163,900,000 |
| 113 | Manhattan Associates | MANH | Atlanta | NASD | Logistics, product movement software | 96 | $214,919,000 |
| 114 | Cagle's | CGL/A | Atlanta | Amex | Poultry foods processor | 96.15 | $304,507,000 |
| 115 | Indus International | IINT | Atlanta | NASD | Data processing, management software | 96.2 | $146,386,000 |
| 116 | Rock-Tenn | RKT | Norcross | NYSE | Mfg. paperboard, folding cartons | 96.85 | $1,581,261,000 |
| 117 | Innotrac | INOC | Duluth | NASD | Caller ID, telecom marketing services | 97.35 | $78,322,000 |
| 118 | Cherokee Banking | CHKJ | Canton | BB | Bank holding company | 97.45 | $5,640,000 |
| 119 | Allied Holdings | AHI | Decatur | Amex | Auto, truck hauling services | 97.6 | $895,000 |
| 120 | Tectonic Network*** | TNWK | Kennesaw | BB | Internet marketing, sales services | 98.9 | $10,586,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue |
| 121 | Per-Se Technologies | PSTI | Alpharetta | NASD | Health care, medical information | 99.65 | $352,791,000 |
| 122 | ProxyMed | PILL | Atlanta | NASD | Information services to doctors, labs | 100.1 | $90,246,000 |
| 123 | Newell Rubbermaid | NWL | Atlanta | NYSE | Mfg. household, consumer products | 100.7 | $6,748,400,000 |
| 124 | PRG-Schultz Int'l. | PRGX | Atlanta | NASD | Audit recovery accounting services | 100.9 | $356,873,000 |
| 125 | Georgia-Carolina Bancshares | GECR | Augusta | BB | Bank holding company | 101.65 | $22,191,000 |
| 126 | American Software | AMSWA | Atlanta | NASD | E-business application software | 101.85 | $54,658,000 |
| 127 | Knology | KNOL | West Point | NASD | Residential cable TV, data service | 103.6 | $211,458,000 |
| 128 | Abrams Industries | ABRI | Atlanta | NASD | Energy engineering, development | 104.8 | $39,082,120 |
| 129 | Cox Radio | CXR | Atlanta | NYSE | Owns, operates radio stations | 105.85 | $438,213,000 |
| 130 | Concurrent Computer | CCUR | Duluth | NASD | Video-on-demand servers, software | 105.95 | $79,235,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue | 131 | Crescent Banking | CSNT | Jasper | NSml | Bank holding company | 106 | $18,050,000 |
| 132 | NDCHealth | NDC | Atlanta | NYSE | Medical information services | 106.85 | $433,477,000 |
| 133 | Community National Bancorp. | CBAC | Ashburn | BB | Bank holding company | 107.05 | $7,910,000 |
| 134 | Habersham Bancorp | HABC | Cornelia | NASD | Bank holding company | 107.3 | $18,382,000 |
| 135 | Logility | LGTY | Atlanta | NASD | Supply chain management software | 108.25 | $22,826,000 |
| 136 | Glenayre Technologies | GEMS | Duluth | NASD | Wireless personal telecom software | 109.95 | $50,575,000 |
| 137 | Transcend Services | TRCR | Atlanta | NSml | Health care patient information services | 110.3 | $15,197,000 |
| 138 | EMS Technologies | ELMG | Norcross | NASD | Wireless communications systems | 110.5 | $260,418,000 |
| 139 | Color Imaging | CIMG | Norcross | BB | Digital printing systems for brand names | 111.35 | $21,835,000 |
| 140 | Internap Network Services | IIP | Atlanta | Amex | Internet connect services | 112.65 | $144,546,000 |
| Rank | Company | Ticker | Based | Traded | Business | Score | 2004 revenue | 141 | eOn Communications | EONC | Kennesaw | NSml | Internet communications software | 114.35 | $17,950,000 |
| 142 | Wegener | WGNR | Duluth | NSml | Mfg. cable, transmission equipment | 115.65 | $18,104,000 |
| 143 | ebank Financial Services | EBDC | Atlanta | BB | Thrift holding company | 117.3 | $4,757,000 |
| 144 | Interland | INLD | Atlanta | NASD | Managed Web hosting services | 118 | $102,745,000 |
| 145 | NetBank | NTBK | Alpharetta | NASD | Internet banking services | 119.8 | $346,897,000 |
| 146 | Lodgian | LGN | Atlanta | Amex | Full-, mid-priced hotel operator | 120.85 | $322,109,000 |
| 147 | ITC Delta Com | ITCD | West Point | NASD | Voice, telecom data services | 121.65 | $583,627,000 |
| 148 | Theragenics | TGX | Buford | NYSE | Radiation cancer treatment services | 127.1511 | $33,338,000 |
| 149 | SED International Hodings | SECX | Tucker | OTC | Computer services distributor | 128.1 | $371,741,000 |
| 150 | Verso Technologies | VRSO | Atlanta | NSml | Networking hardware, software | 145.4 | $32,263,000 |
| 151 | Novoste | NOVT | Norcross | NASD | Catheter coronary treatment process | 146 | $23,268,000 |
| 152 | Firstwave Technologies | FSTW | Atlanta | NSml | Internet application business software | 147 | $7,400,000 |