Top Technology Stocks by Net Margin
Top technology companies ranked by net margin, latest annual filings.
What Net Margin Means for Technology Companies
Net margin in technology shows how much of each revenue dollar a software, platform, or hardware business actually keeps after research investment, sales and marketing, stock-based compensation, interest, and tax. The sector spans some of the highest-margin businesses in the listed universe, in mature software and platform franchises, and some of the lowest, in growth-stage firms that deliberately run negative bottom lines while reinvesting aggressively in product and go-to-market.
Why It Matters in Technology
Within mature software, a consistently strong net margin reflects durable pricing, disciplined research spend, and operating leverage at scale. In growth-stage technology, net margin can be negative for years without signaling a failing business. It is worth noting that stock-based compensation sits inside GAAP net income and many technology firms report an adjusted figure that excludes it, so the headline net margin and the non-GAAP version can paint quite different pictures.
What to Read Alongside
Pair net margin with Gross Margin for the top of the stack, Operating Margin for the middle layer, and Free Cash Flow to confirm the reported profitability actually translates into cash.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | WDC | Western Digital Corporation | Technology | 72.95% | $161.58B |
| 2 | SNDK | Sandisk Corporation | Technology | 56.46% | $258.67B |
| 3 | NVDA | NVIDIA Corporation | Technology | 55.60% | $5490.54B |
| 4 | NTNX | Nutanix, Inc. | Technology | 52.81% | $18.95B |
| 5 | VRSN | VeriSign, Inc. | Technology | 49.84% | $27.86B |
| 6 | LYFT | Lyft, Inc. | Technology | 45.03% | $5.78B |
| 7 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | 44.50% | $2308.71B |
| 8 | MSFT | Microsoft Corporation | Technology | 40.31% | $3724.73B |
| 9 | DUOL | Duolingo, Inc. | Technology | 39.91% | $6.99B |
| 10 | ZM | Zoom Communications, Inc. | Technology | 39.03% | $26.52B |
| 11 | CHKP | Check Point Software Technologies Ltd. | Technology | 38.78% | $13.71B |
| 12 | PLTR | Palantir Technologies Inc. | Technology | 36.31% | $426.88B |
| 13 | AVGO | Broadcom Inc. | Technology | 36.20% | $1731.20B |
| 14 | YMM | Full Truck Alliance Co. Ltd. | Technology | 35.70% | $8.51B |
| 15 | KLAC | KLA Corporation | Technology | 35.57% | $240.37B |
| 16 | CRDO | Credo Technology Group Holding Ltd | Technology | 35.37% | $35.20B |
| 17 | FICO | Fair Isaac Corporation | Technology | 32.75% | $19.97B |
| 18 | MRVL | Marvell Technology, Inc. | Technology | 32.58% | $231.31B |
| 19 | LRCX | Lam Research Corporation | Technology | 31.27% | $378.25B |
| 20 | ADBE | Adobe Inc. | Technology | 30.00% | $99.18B |
| 21 | UI | Ubiquiti Inc. | Technology | 29.33% | $35.48B |
| 22 | FSLR | First Solar, Inc. | Technology | 29.28% | $21.48B |
| 23 | TXN | Texas Instruments Incorporated | Technology | 28.28% | $247.37B |
| 24 | ESE | ESCO Technologies Inc. | Technology | 27.32% | $6.80B |
| 25 | FTNT | Fortinet, Inc. | Technology | 27.26% | $128.57B |
| 26 | PAYX | Paychex, Inc. | Technology | 27.03% | $40.94B |
| 27 | AAPL | Apple Inc. | Technology | 26.92% | $4947.14B |
| 28 | PTC | PTC Inc. | Technology | 26.80% | $14.68B |
| 29 | STX | Seagate Technology Holdings plc | Technology | 26.11% | $199.50B |
| 30 | FORTY | Formula Systems (1985) Ltd. | Technology | 25.47% | $1.83B |
| 31 | ORCL | Oracle Corporation | Technology | 25.37% | $449.21B |
| 32 | AMAT | Applied Materials, Inc. | Technology | 24.67% | $368.42B |
| 33 | CPAY | Corpay, Inc. | Technology | 23.63% | $26.08B |
| 34 | GRMN | Garmin Ltd. | Technology | 22.96% | $54.06B |
| 35 | MU | Micron Technology, Inc. | Technology | 22.84% | $1179.04B |
| 36 | PEGA | Pegasystems Inc. | Technology | 22.54% | $5.75B |
| 37 | FFIV | F5, Inc. | Technology | 22.42% | $25.49B |
| 38 | MPWR | Monolithic Power Systems, Inc. | Technology | 22.27% | $62.79B |
| 39 | PAYC | Paycom Software, Inc. | Technology | 22.10% | $10.20B |
| 40 | INTU | Intuit Inc. | Technology | 21.29% | $81.27B |
| 41 | ESTC | Elastic N.V. | Technology | 21.14% | $9.42B |
| 42 | CSCO | Cisco Systems, Inc. | Technology | 20.95% | $439.44B |
| 43 | CDNS | Cadence Design Systems, Inc. | Technology | 20.94% | $81.21B |
| 44 | NICE | NICE Ltd. | Technology | 20.78% | $6.71B |
| 45 | CRUS | Cirrus Logic, Inc. | Technology | 20.75% | $6.01B |
| 46 | ADI | Analog Devices, Inc. | Technology | 20.58% | $185.59B |
| 47 | NTAP | NetApp, Inc. | Technology | 20.46% | $38.92B |
| 48 | MANH | Manhattan Associates, Inc. | Technology | 20.34% | $12.21B |
| 49 | DBX | Dropbox, Inc. | Technology | 20.17% | $7.83B |
| 50 | ADP | Automatic Data Processing, Inc. | Technology | 20.11% | $107.24B |
| 51 | WSE | Wise Group plc | Technology | 19.93% | $11.45B |
| 52 | JKHY | Jack Henry & Associates, Inc. | Technology | 19.76% | $10.63B |
| 53 | GEN | Gen Digital Inc. | Technology | 19.46% | $17.45B |
| 54 | ROP | Roper Technologies, Inc. | Technology | 19.44% | $36.14B |
| 55 | UBER | Uber Technologies, Inc. | Technology | 19.33% | $144.69B |
| 56 | SABR | Sabre Corporation | Technology | 18.93% | $0.94B |
| 57 | SNPS | Synopsys, Inc. | Technology | 18.89% | $77.01B |
| 58 | BSY | Bentley Systems, Incorporated | Technology | 18.50% | $9.65B |
| 59 | APH | Amphenol Corporation | Technology | 18.49% | $199.05B |
| 60 | MSI | Motorola Solutions, Inc. | Technology | 18.44% | $76.35B |
| 61 | ARM | Arm Holdings plc | Technology | 18.37% | $344.86B |
| 62 | DLO | DLocal Limited | Technology | 18.01% | $4.21B |
| 63 | CRM | Salesforce, Inc. | Technology | 17.96% | $194.57B |
| 64 | GDDY | GoDaddy Inc. | Technology | 17.67% | $13.27B |
| 65 | PATH | UiPath, Inc. | Technology | 17.53% | $7.08B |
| 66 | TER | Teradyne, Inc. | Technology | 17.37% | $59.65B |
| 67 | UMC | United Microelectronics Corporation | Technology | 16.91% | $63.78B |
| 68 | NXPI | NXP Semiconductors N.V. | Technology | 16.47% | $58.61B |
| 69 | NXT | Nextpower Inc. | Technology | 16.46% | $12.62B |
| 70 | INFY | Infosys Limited | Technology | 16.45% | $44.11B |
| 71 | FI | Fiserv, Inc. | Technology | 16.42% | $34.31B |
| 72 | KEYS | Keysight Technologies, Inc. | Technology | 15.81% | $58.23B |
| 73 | IBM | International Business Machines Corporation | Technology | 15.69% | $218.51B |
| 74 | ADSK | Autodesk, Inc. | Technology | 15.60% | $45.74B |
| 75 | Q | Qnity Electronics, Inc. | Technology | 15.33% | $25.49B |
| 76 | PCTY | Paylocity Holding Corporation | Technology | 15.23% | $7.66B |
| 77 | BR | Broadridge Financial Solutions, Inc. | Technology | 15.04% | $18.77B |
| 78 | LOGI | Logitech International S.A. | Technology | 14.69% | $15.05B |
| 79 | TDY | Teledyne Technologies Incorporated | Technology | 14.63% | $28.23B |
| 80 | WIT | Wipro Limited | Technology | 14.32% | $16.52B |
| 81 | TSEM | Tower Semiconductor Ltd. | Technology | 14.08% | $26.43B |
| 82 | TYL | Tyler Technologies, Inc. | Technology | 13.53% | $13.61B |
| 83 | VNT | Vontier Corporation | Technology | 13.20% | $4.22B |
| 84 | NOW | ServiceNow, Inc. | Technology | 13.16% | $142.34B |
| 85 | GFS | GLOBALFOUNDRIES Inc. | Technology | 13.08% | $27.07B |
| 86 | ALRM | Alarm.com Holdings, Inc. | Technology | 13.02% | $2.61B |
| 87 | WNS | WNS (Holdings) Limited | Technology | 12.94% | $3.29B |
| 88 | ACIW | ACI Worldwide, Inc. | Technology | 12.88% | $5.01B |
| 89 | FTV | Fortive Corporation | Technology | 12.81% | $16.64B |
| 90 | SSNC | SS&C Technologies Holdings, Inc. | Technology | 12.73% | $18.87B |
| 91 | ITRI | Itron, Inc. | Technology | 12.72% | $4.05B |
| 92 | AMD | Advanced Micro Devices, Inc. | Technology | 12.51% | $1004.82B |
| 93 | QCOM | QUALCOMM Incorporated | Technology | 12.51% | $207.45B |
| 94 | OTEX | Open Text Corporation | Technology | 12.26% | $5.59B |
| 95 | EXLS | ExlService Holdings, Inc. | Technology | 12.02% | $5.35B |
| 96 | TRMB | Trimble Inc. | Technology | 11.82% | $13.47B |
| 97 | ENPH | Enphase Energy, Inc. | Technology | 11.69% | $4.59B |
| 98 | SWKS | Skyworks Solutions, Inc. | Technology | 11.67% | $13.35B |
| 99 | WEX | WEX Inc. | Technology | 11.43% | $6.38B |
| 100 | COHR | Coherent Corp. | Technology | 11.31% | $62.96B |
No companies match this search.
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.
- 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.