Highest return on invested capital with debt to equity at or below 1
Sorted by return on invested capital, highest first, among companies with filed annual accounts worth at least $1bn.
| # | Company | ROIC | Measured against | Filed | Market value |
|---|---|---|---|---|---|
| 1 | MEDP Medpace Holdings, Inc. | 450.0% | Debt to equity 0.30x | FY2025, 2026-02-10 | 17.21B |
| 2 | BLBD Blue Bird Corporation | 100.9% | Debt to equity 0.38x | FY2025, 2025-11-24 | 1.78B |
| 3 | SNDK Sandisk Corporation | 97.4% | Debt to equity 0.01x | FY2026, 2026-08-17 | 207.80B |
| 4 | AGX Argan, Inc. | 89.5% | Debt to equity 0.01x | FY2026, 2026-03-26 | 5.13B |
| 5 | ATAT Atour Lifestyle Holdings Limited | 87.2% | Debt to equity 0.42x | FY2025, 2026-04-17 | 4.51B |
| 6 | ASML ASML Holding N.V. | 83.8% | Debt to equity 0.22x | FY2025, 2026-02-25 | 635.90B |
| 7 | MU Micron Technology, Inc. | 78.7% | Debt to equity 0.05x | FY2026, 2026-10-09 | 1.03T |
| 8 | YOU Clear Secure, Inc. | 74.5% | Debt to equity 0.63x | FY2025, 2026-02-25 | 4.46B |
| 9 | NVDA NVIDIA Corporation | 70.0% | Debt to equity 0.07x | FY2026, 2026-02-25 | 5.34T |
| 10 | ADP Automatic Data Processing, Inc. | 66.4% | Debt to equity 0.89x | FY2026, 2026-08-05 | 112.10B |
| 11 | LRCX Lam Research Corporation | 65.5% | Debt to equity 0.33x | FY2026, 2026-08-07 | 358.80B |
| 12 | ADBE Adobe Inc. | 55.4% | Debt to equity 0.57x | FY2025, 2026-01-15 | 95.67B |
| 13 | IDXX IDEXX Laboratories, Inc. | 54.3% | Debt to equity 0.36x | FY2025, 2026-02-20 | 41.68B |
| 14 | HRMY Harmony Biosciences Holdings, Inc. | 53.6% | Debt to equity 0.19x | FY2025, 2026-02-24 | 2.18B |
| 15 | ABNB Airbnb, Inc. | 52.1% | Debt to equity 0.28x | FY2025, 2026-02-12 | 99.15B |
| 16 | FIZZ National Beverage Corp. | 50.9% | Debt to equity 0.09x | FY2026, 2026-07-01 | 3.14B |
| 17 | UROY Uranium Royalty Corp. | 50.2% | Debt to equity 0.00x | FY2026, 2026-07-28 | 1.41B |
| 18 | WDC Western Digital Corporation | 50.0% | Debt to equity 0.13x | FY2026, 2026-08-14 | 125.50B |
| 19 | QLYS Qualys, Inc. | 49.1% | Debt to equity 0.09x | FY2025, 2026-02-20 | 6.68B |
| 20 | EXPD Expeditors International of Washington, Inc. | 48.5% | Debt to equity 0.24x | FY2025, 2026-02-25 | 25.54B |
| 21 | USLM United States Lime & Minerals, Inc. | 47.0% | Debt to equity 0.01x | FY2025, 2026-02-26 | 3.01B |
| 22 | IDCC InterDigital, Inc. | 46.7% | Debt to equity 0.45x | FY2025, 2026-02-05 | 8.41B |
| 23 | TSM Taiwan Semiconductor Manufacturing Company Limited | 44.3% | Debt to equity 0.20x | FY2025, 2025-12-31 | 2.23T |
| 24 | AU AngloGold Ashanti Plc | 43.8% | Debt to equity 0.28x | FY2025, 2026-03-26 | 44.93B |
| 25 | SPOT Spotify Technology S.A. | 43.5% | Debt to equity 0.23x | FY2025, 2026-02-10 | 107.70B |
Prices as of 2026-10-14. Ratios recomputed from the filings 2026-10-14. An ordering is not a recommendation: see the limits of what this tool can tell you.
Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.