Top Consumer Cyclical Stocks by Net Margin
Top consumer cyclical companies ranked by net margin, latest annual filings.
What Net Margin Means for Consumer Cyclical Companies
Net margin inside consumer cyclical tells a story of discretionary spending, inventory risk, and brand leverage. Volume-driven retailers and auto manufacturers typically run thin bottom-line margins that are vulnerable to even modest demand softness, while luxury and premium-brand businesses can sustain much richer net margins through the cycle because their customer base is less price-sensitive and their inventory risk is better managed.
Why It Matters in Consumer Cyclical
A net margin that holds through a downturn reveals genuine brand equity and merchandising discipline; one that collapses tells you the firm was earning its money on volume rather than pricing. It is worth noting that inventory write-downs, lease impairment charges, and loyalty-program accounting can move reported net margin meaningfully in specific quarters without changing the underlying trajectory of the business, especially as omnichannel retail blurs fulfillment cost classification.
What to Read Alongside
Pair net margin with Gross Margin to locate pricing power at the top of the stack, Operating Margin for the middle layer, and Free Cash Flow because working-capital cycles matter here.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | TCOM | Trip.com Group Limited | Consumer Cyclical | 53.35% | $27.94B |
| 2 | BYD | Boyd Gaming Corporation | Consumer Cyclical | 45.05% | $5.41B |
| 3 | MCD | McDonald's Corporation | Consumer Cyclical | 31.85% | $195.68B |
| 4 | RCL | Royal Caribbean Cruises Ltd. | Consumer Cyclical | 23.80% | $87.51B |
| 5 | CHH | Choice Hotels International, Inc. | Consumer Cyclical | 23.17% | $5.29B |
| 6 | PDD | PDD Holdings Inc. | Consumer Cyclical | 22.66% | $118.18B |
| 7 | RACE | Ferrari N.V. | Consumer Cyclical | 22.35% | $72.92B |
| 8 | GEF | Greif, Inc. | Consumer Cyclical | 21.36% | $4.12B |
| 9 | ALSN | Allison Transmission Holdings, Inc. | Consumer Cyclical | 20.70% | $9.60B |
| 10 | ABNB | Airbnb, Inc. | Consumer Cyclical | 20.51% | $111.63B |
| 11 | BKNG | Booking Holdings Inc. | Consumer Cyclical | 20.08% | $119.49B |
| 12 | HTHT | H World Group Limited | Consumer Cyclical | 20.07% | $16.10B |
| 13 | TPR | Tapestry, Inc. | Consumer Cyclical | 19.09% | $26.10B |
| 14 | YUM | Yum! Brands, Inc. | Consumer Cyclical | 18.98% | $43.35B |
| 15 | DECK | Deckers Outdoor Corporation | Consumer Cyclical | 18.71% | $11.57B |
| 16 | HRB | H&R Block, Inc. | Consumer Cyclical | 18.59% | $6.45B |
| 17 | EBAY | eBay Inc. | Consumer Cyclical | 18.30% | $53.54B |
| 18 | VIK | Viking Holdings Ltd | Consumer Cyclical | 17.65% | $39.07B |
| 19 | BIRK | Birkenstock Holding plc | Consumer Cyclical | 16.61% | $6.16B |
| 20 | ATAT | Atour Lifestyle Holdings Limited | Consumer Cyclical | 16.56% | $4.89B |
| 21 | PLNT | Planet Fitness, Inc. | Consumer Cyclical | 16.55% | $4.48B |
| 22 | BKE | The Buckle, Inc. | Consumer Cyclical | 16.16% | $2.16B |
| 23 | GRBK | Green Brick Partners, Inc. | Consumer Cyclical | 15.35% | $2.75B |
| 24 | GNTX | Gentex Corporation | Consumer Cyclical | 15.19% | $4.19B |
| 25 | IHG | InterContinental Hotels Group PLC | Consumer Cyclical | 14.61% | $26.05B |
| 26 | ORLY | O'Reilly Automotive, Inc. | Consumer Cyclical | 14.27% | $72.33B |
| 27 | LULU | lululemon athletica inc. | Consumer Cyclical | 14.22% | $12.83B |
| 28 | ROL | Rollins, Inc. | Consumer Cyclical | 14.00% | $18.26B |
| 29 | WSM | Williams-Sonoma, Inc. | Consumer Cyclical | 13.94% | $29.92B |
| 30 | WH | Wyndham Hotels & Resorts, Inc. | Consumer Cyclical | 13.51% | $5.74B |
| 31 | SON | Sonoco Products Company | Consumer Cyclical | 13.34% | $4.99B |
| 32 | CHDN | Churchill Downs Incorporated | Consumer Cyclical | 13.09% | $6.71B |
| 33 | NVR | NVR, Inc. | Consumer Cyclical | 12.98% | $16.66B |
| 34 | CMG | Chipotle Mexican Grill, Inc. | Consumer Cyclical | 12.88% | $43.55B |
| 35 | PHM | PulteGroup, Inc. | Consumer Cyclical | 12.82% | $25.24B |
| 36 | AZO | AutoZone, Inc. | Consumer Cyclical | 12.65% | $51.77B |
| 37 | SCI | Service Corporation International | Consumer Cyclical | 12.59% | $10.02B |
| 38 | LVS | Las Vegas Sands Corp. | Consumer Cyclical | 12.50% | $26.38B |
| 39 | LTH | Life Time Group Holdings, Inc. | Consumer Cyclical | 12.48% | $10.58B |
| 40 | VVV | Valvoline Inc. | Consumer Cyclical | 12.32% | $4.44B |
| 41 | TOL | Toll Brothers, Inc. | Consumer Cyclical | 12.28% | $14.06B |
| 42 | DPZ | Domino's Pizza, Inc. | Consumer Cyclical | 12.18% | $11.00B |
| 43 | FTDR | Frontdoor, Inc. | Consumer Cyclical | 12.18% | $6.56B |
| 44 | HLT | Hilton Worldwide Holdings Inc. | Consumer Cyclical | 12.10% | $82.43B |
| 45 | CART | Maplebear Inc. | Consumer Cyclical | 11.95% | $13.75B |
| 46 | ATMU | Atmus Filtration Technologies Inc. | Consumer Cyclical | 11.76% | $4.13B |
| 47 | RL | Ralph Lauren Corporation | Consumer Cyclical | 11.60% | $22.26B |
| 48 | GME | GameStop Corp. | Consumer Cyclical | 11.53% | $12.67B |
| 49 | GIL | Gildan Activewear Inc. | Consumer Cyclical | 11.02% | $6.44B |
| 50 | SN | SharkNinja, Inc. | Consumer Cyclical | 10.96% | $31.42B |
| 51 | AMZN | Amazon.com, Inc. | Consumer Cyclical | 10.83% | $2.80T |
| 52 | DHI | D.R. Horton, Inc. | Consumer Cyclical | 10.47% | $41.33B |
| 53 | CCL | Carnival Corporation Ltd. | Consumer Cyclical | 10.37% | $39.77B |
| 54 | PRKS | United Parks & Resorts Inc. | Consumer Cyclical | 10.13% | $1.81B |
| 55 | BABA | Alibaba Group Holding Limited | Consumer Cyclical | 10.12% | $272.18B |
| 56 | BOOT | Boot Barn Holdings, Inc. | Consumer Cyclical | 10.02% | $3.92B |
| 57 | MAR | Marriott International, Inc. | Consumer Cyclical | 9.93% | $107.24B |
| 58 | SGHC | Super Group (SGHC) Limited | Consumer Cyclical | 9.73% | $5.77B |
| 59 | ANF | Abercrombie & Fitch Co. | Consumer Cyclical | 9.63% | $6.34B |
| 60 | DORM | Dorman Products, Inc. | Consumer Cyclical | 9.59% | $4.03B |
| 61 | ROST | Ross Stores, Inc. | Consumer Cyclical | 9.43% | $73.82B |
| 62 | RRR | Red Rock Resorts, Inc. | Consumer Cyclical | 9.35% | $5.03B |
| 63 | ULTA | Ulta Beauty, Inc. | Consumer Cyclical | 9.31% | $27.57B |
| 64 | LEVI | Levi Strauss & Co. | Consumer Cyclical | 9.20% | $8.77B |
| 65 | OPLN | OPENLANE, Inc. | Consumer Cyclical | 9.19% | $4.17B |
| 66 | DRI | Darden Restaurants, Inc. | Consumer Cyclical | 9.13% | $25.61B |
| 67 | MHO | M/I Homes, Inc. | Consumer Cyclical | 9.12% | $3.33B |
| 68 | TJX | The TJX Companies, Inc. | Consumer Cyclical | 9.10% | $148.83B |
| 69 | CHA | Chagee Holdings Limited | Consumer Cyclical | 9.07% | $2.37B |
| 70 | IBP | Installed Building Products, Inc. | Consumer Cyclical | 8.93% | $5.85B |
| 71 | BBWI | Bath & Body Works, Inc. | Consumer Cyclical | 8.90% | $4.31B |
| 72 | YETI | YETI Holdings, Inc. | Consumer Cyclical | 8.85% | $3.28B |
| 73 | EXPE | Expedia Group, Inc. | Consumer Cyclical | 8.78% | $30.74B |
| 74 | DDS | Dillard's, Inc. | Consumer Cyclical | 8.69% | $9.41B |
| 75 | GTX | Garrett Motion Inc. | Consumer Cyclical | 8.65% | $3.72B |
| 76 | PKG | Packaging Corporation of America | Consumer Cyclical | 8.61% | $22.25B |
| 77 | HD | The Home Depot, Inc. | Consumer Cyclical | 8.60% | $342.68B |
| 78 | CVCO | Cavco Industries, Inc. | Consumer Cyclical | 8.49% | $4.87B |
| 79 | EAT | Brinker International, Inc. | Consumer Cyclical | 8.39% | $8.58B |
| 80 | TILE | Interface, Inc. | Consumer Cyclical | 8.37% | $1.78B |
| 81 | QSR | Restaurant Brands International Inc. | Consumer Cyclical | 8.23% | $27.06B |
| 82 | REYN | Reynolds Consumer Products Inc. | Consumer Cyclical | 8.09% | $5.08B |
| 83 | YUMC | Yum China Holdings, Inc. | Consumer Cyclical | 7.87% | $16.79B |
| 84 | AVY | Avery Dennison Corporation | Consumer Cyclical | 7.77% | $14.10B |
| 85 | SKY | Champion Homes, Inc. | Consumer Cyclical | 7.77% | $4.91B |
| 86 | LOW | Lowe's Companies, Inc. | Consumer Cyclical | 7.71% | $125.98B |
| 87 | TM | Toyota Motor Corporation | Consumer Cyclical | 7.59% | $254.63B |
| 88 | WEN | The Wendy's Company | Consumer Cyclical | 7.58% | $1.56B |
| 89 | HOG | Harley-Davidson, Inc. | Consumer Cyclical | 7.57% | $3.30B |
| 90 | URBN | Urban Outfitters, Inc. | Consumer Cyclical | 7.54% | $7.26B |
| 91 | FIVE | Five Below, Inc. | Consumer Cyclical | 7.53% | $13.23B |
| 92 | MAT | Mattel, Inc. | Consumer Cyclical | 7.43% | $4.39B |
| 93 | GOLF | Acushnet Holdings Corp. | Consumer Cyclical | 7.37% | $4.62B |
| 94 | KTB | Kontoor Brands, Inc. | Consumer Cyclical | 7.22% | $4.21B |
| 95 | TSCO | Tractor Supply Company | Consumer Cyclical | 7.06% | $18.85B |
| 96 | DRVN | Driven Brands Holdings Inc. | Consumer Cyclical | 7.04% | $1.96B |
| 97 | BALL | Ball Corporation | Consumer Cyclical | 6.93% | $17.16B |
| 98 | CVNA | Carvana Co. | Consumer Cyclical | 6.92% | $81.12B |
| 99 | MELI | MercadoLibre, Inc. | Consumer Cyclical | 6.91% | $76.55B |
| 100 | TXRH | Texas Roadhouse, Inc. | Consumer Cyclical | 6.90% | $12.07B |
No companies match this search.
Net margin is GAAP net income divided by revenue, so one-time gains and tax benefits count in full: a company near the top can show a net margin well above its operating margin for that year.
How this ranking is built
Companies are ranked by net margin as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $1 billion in annual revenue or above, so a small filer with a freak ratio cannot top the list.
- Value range: Only figures above 0% and up to 100% qualify.
- Market cap: stated at each company's latest close, which is newer than the annual figure ranked here.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.
Frequently asked questions
Why do luxury brands tend to sustain higher net margins than mass-market retailers?
Luxury customers are less price-sensitive, which allows the brand to hold price through weaker quarters rather than resort to markdowns. That protects gross margin and flows through to a richer net margin even after considering the marketing spend that supports the positioning. Mass-market retailers, by contrast, compete largely on price and assortment, which caps the spread between cost and realized revenue and forces the business to earn its return through volume, turnover, and scale rather than margin. The difference is structural rather than cyclical.
How do inventory risks affect consumer cyclical net margin?
Consumer cyclical businesses commit to inventory months before it reaches the shelf, which exposes them to demand forecast errors. If demand softens after goods are committed, the firm either carries the inventory and pays holding costs or marks it down to move it, either of which compresses net margin. Seasonal businesses such as apparel and toys are especially exposed because unsold inventory loses commercial value quickly. Firms that manage inventory depth and speed-to-shelf tightly tend to protect net margin better through soft patches than peers that carry heavier stock.