Top 100 Stocks by Return on Equity
Top companies ranked by return on equity, latest annual filings.
What Return on Equity Means for US-listed Companies
Return on Equity divides net income by shareholder equity and measures how efficiently management turns the capital entrusted by owners into profit. Across US-listed firms the ratio offers a compact view of capital productivity, comparable across industries on a common footing, which is why it has been one of the most cited single numbers in fundamental analysis for as long as that discipline has existed.
Why Return on Equity Can Mislead
Return on Equity rewards durable profitability supported by pricing power, yet the ratio is easy to distort. The DuPont decomposition splits it into margin, asset turnover, and leverage, so a firm can lift reported Return on Equity simply by adding debt. Buybacks shrink the equity denominator, inflating the ratio without any real operating improvement, and companies with negative book value produce figures that are mathematically meaningless.
What to Read Alongside
Pair Return on Equity with Net Income to see the numerator in absolute terms, Long-term Debt to gauge how much leverage is inflating the ratio, and Gross Margin to judge the underlying earnings quality.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | GDDY | GoDaddy Inc. | Technology | 406.79% | $13.87B |
| 2 | UNIT | Uniti Group Inc. | Real Estate | 343.07% | $1.27B |
| 3 | VRSK | Verisk Analytics, Inc. | Industrials | 293.95% | $26.25B |
| 4 | TNET | TriNet Group, Inc. | Industrials | 287.04% | $3.05B |
| 5 | IT | Gartner, Inc. | Technology | 227.95% | $11.99B |
| 6 | TPR | Tapestry, Inc. | Consumer Cyclical | 220.77% | $26.10B |
| 7 | NTNX | Nutanix, Inc. | Technology | 214.48% | $15.92B |
| 8 | RH | RH | Consumer Cyclical | 205.92% | $2.48B |
| 9 | CHH | Choice Hotels International, Inc. | Consumer Cyclical | 204.13% | $5.29B |
| 10 | MA | Mastercard Incorporated | Financial Services | 193.19% | $568.62B |
| 11 | LYV | Live Nation Entertainment, Inc. | Communication Services | 183.01% | $41.31B |
| 12 | CPRI | Capri Holdings Limited | Consumer Cyclical | 171.25% | $2.12B |
| 13 | APP | AppLovin Corporation | Communication Services | 156.17% | $129.62B |
| 14 | FTNT | Fortinet, Inc. | Technology | 149.77% | $87.31B |
| 15 | STX | Seagate Technology Holdings plc | Technology | 146.93% | $105.83B |
| 16 | MSGE | Madison Square Garden Entertainment Corp. | Communication Services | 144.57% | $3.65B |
| 17 | FTAI | FTAI Aviation Ltd. | Industrials | 142.89% | $18.43B |
| 18 | ENR | Energizer Holdings, Inc. | Industrials | 140.67% | $1.63B |
| 19 | WEN | The Wendy's Company | Consumer Cyclical | 140.63% | $1.56B |
| 20 | BLKB | Blackbaud, Inc. | Technology | 135.17% | $2.43B |
| 21 | KMB | Kimberly-Clark Corporation | Consumer Defensive | 134.55% | $66.54B |
| 22 | AAPL | Apple Inc. | Technology | 117.92% | $4.98T |
| 23 | AVAH | Aveanna Healthcare Holdings Inc. | Healthcare | 115.72% | $2.89B |
| 24 | HD | The Home Depot, Inc. | Consumer Cyclical | 110.48% | $342.68B |
| 25 | EAT | Brinker International, Inc. | Consumer Cyclical | 109.76% | $8.58B |
| 26 | LTM | LATAM Airlines Group S.A. | Industrials | 108.50% | $13.60B |
| 27 | WDC | Western Digital Corporation | Technology | 106.32% | $98.74B |
| 28 | FTDR | Frontdoor, Inc. | Consumer Cyclical | 105.37% | $6.56B |
| 29 | VIK | Viking Holdings Ltd | Consumer Cyclical | 104.92% | $39.07B |
| 30 | COR | Cencora, Inc. | Healthcare | 103.06% | $63.65B |
| 31 | LVS | Las Vegas Sands Corp. | Consumer Cyclical | 102.33% | $26.38B |
| 32 | EXPE | Expedia Group, Inc. | Consumer Cyclical | 100.78% | $30.74B |
| 33 | MEDP | Medpace Holdings, Inc. | Healthcare | 98.27% | $18.27B |
| 34 | ITW | Illinois Tool Works Inc. | Industrials | 95.07% | $79.85B |
| 35 | NTAP | NetApp, Inc. | Technology | 94.45% | $33.23B |
| 36 | RRR | Red Rock Resorts, Inc. | Consumer Cyclical | 90.27% | $5.03B |
| 37 | MSI | Motorola Solutions, Inc. | Technology | 89.38% | $85.07B |
| 38 | AMGN | Amgen Inc. | Healthcare | 89.06% | $249.05B |
| 39 | SPG | Simon Property Group, Inc. | Real Estate | 88.85% | $73.66B |
| 40 | RELX | RELX PLC | Industrials | 87.28% | $69.71B |
| 41 | LYFT | Lyft, Inc. | Technology | 86.88% | $6.48B |
| 42 | HESM | Hess Midstream LP | Energy | 80.59% | $3.85B |
| 43 | ZTS | Zoetis Inc. | Healthcare | 78.27% | $32.26B |
| 44 | LLY | Eli Lilly and Company | Healthcare | 77.78% | $1.21T |
| 45 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 77.01% | $10.16B |
| 46 | NVDA | NVIDIA Corporation | Technology | 76.33% | $4.51T |
| 47 | KLAC | KLA Corporation | Technology | 76.08% | $180.45B |
| 48 | MUSA | Murphy USA Inc. | Consumer Cyclical | 75.48% | $9.45B |
| 49 | LMT | Lockheed Martin Corporation | Industrials | 74.65% | $131.00B |
| 50 | ADP | Automatic Data Processing, Inc. | Technology | 73.18% | $119.75B |
| 51 | SNDK | Sandisk Corporation | Technology | 72.66% | $118.82B |
| 52 | BCO | The Brink's Company | Industrials | 71.91% | $4.54B |
| 53 | BYD | Boyd Gaming Corporation | Consumer Cyclical | 70.66% | $5.41B |
| 54 | MANH | Manhattan Associates, Inc. | Technology | 69.88% | $14.68B |
| 55 | LII | Lennox International Inc. | Industrials | 69.28% | $11.70B |
| 56 | AMT | American Tower Corporation | Real Estate | 69.25% | $87.55B |
| 57 | MMM | 3M Company | Industrials | 69.12% | $95.49B |
| 58 | GFF | Griffon Corporation | Industrials | 69.09% | $4.58B |
| 59 | LNG | Cheniere Energy, Inc. | Energy | 67.34% | $56.76B |
| 60 | UI | Ubiquiti Inc. | Technology | 66.68% | $35.85B |
| 61 | APAM | Artisan Partners Asset Management Inc. | Financial Services | 66.16% | $2.78B |
| 62 | IDXX | IDEXX Laboratories, Inc. | Healthcare | 65.99% | $53.26B |
| 63 | SYY | Sysco Corporation | Consumer Defensive | 65.90% | $37.84B |
| 64 | V | Visa Inc. | Financial Services | 65.09% | $788.58B |
| 65 | JBL | Jabil Inc. | Technology | 64.60% | $24.62B |
| 66 | TRGP | Targa Resources Corp. | Energy | 62.68% | $56.77B |
| 67 | VVV | Valvoline Inc. | Consumer Cyclical | 62.25% | $4.44B |
| 68 | MU | Micron Technology, Inc. | Technology | 61.40% | $780.68B |
| 69 | ADBE | Adobe Inc. | Technology | 61.34% | $93.14B |
| 70 | MTN | Vail Resorts, Inc. | Consumer Cyclical | 61.34% | $5.66B |
| 71 | UL | Unilever PLC | Consumer Defensive | 60.97% | $142.12B |
| 72 | MCO | Moody's Corporation | Financial Services | 60.66% | $87.19B |
| 73 | PJT | PJT Partners Inc. | Financial Services | 58.43% | $3.80B |
| 74 | LRCX | Lam Research Corporation | Technology | 58.26% | $250.84B |
| 75 | LAMR | Lamar Advertising Company | Real Estate | 58.04% | $15.85B |
| 76 | WNC | Wabash National Corporation | Industrials | 57.56% | $444.46M |
| 77 | TDC | Teradata Corporation | Technology | 56.52% | $2.96B |
| 78 | WMG | Warner Music Group Corp. | Communication Services | 56.41% | $16.37B |
| 79 | SHW | The Sherwin-Williams Company | Basic Materials | 55.86% | $83.13B |
| 80 | ATMU | Atmus Filtration Technologies Inc. | Consumer Cyclical | 54.80% | $4.13B |
| 81 | DRI | Darden Restaurants, Inc. | Consumer Cyclical | 54.66% | $25.61B |
| 82 | AMP | Ameriprise Financial, Inc. | Financial Services | 54.41% | $43.54B |
| 83 | CMG | Chipotle Mexican Grill, Inc. | Consumer Cyclical | 54.26% | $43.55B |
| 84 | TJX | The TJX Companies, Inc. | Consumer Cyclical | 53.92% | $148.83B |
| 85 | NVO | Novo Nordisk A/S | Healthcare | 52.79% | $177.74B |
| 86 | TREE | LendingTree, Inc. | Financial Services | 52.76% | $519.70M |
| 87 | GFL | GFL Environmental Inc. | Industrials | 52.50% | $20.20B |
| 88 | WSM | Williams-Sonoma, Inc. | Consumer Cyclical | 52.26% | $29.92B |
| 89 | WU | The Western Union Company | Financial Services | 52.16% | $2.15B |
| 90 | NRG | NRG Energy, Inc. | Utilities | 51.40% | $18.56B |
| 91 | BLBD | Blue Bird Corporation | Industrials | 50.00% | $1.98B |
| 92 | PEGA | Pegasystems Inc. | Technology | 49.97% | $5.30B |
| 93 | BKE | The Buckle, Inc. | Consumer Cyclical | 49.39% | $2.16B |
| 94 | ASML | ASML Holding N.V. | Technology | 49.00% | $549.12B |
| 95 | NBR | Nabors Industries Ltd. | Energy | 48.52% | $1.20B |
| 96 | DOO | BRP Inc. | Consumer Cyclical | 47.75% | $4.60B |
| 97 | EXTR | Extreme Networks, Inc. | Technology | 47.54% | $3.15B |
| 98 | PAYX | Paychex, Inc. | Technology | 47.12% | $41.67B |
| 99 | MICC | The Magnum Ice Cream Company N.V. | Consumer Defensive | 46.88% | $11.74B |
| 100 | GE | GE Aerospace | Industrials | 46.60% | $335.38B |
No companies match this search.
Companies with return on equity above 500%, or shareholder equity below 1% of total assets, are excluded: when equity is near zero the ratio becomes unstable and unrepresentative. Ratio rankings also require at least $1B in annual revenue.
How this ranking is built
Companies are ranked by return on equity 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 500% 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
Can a high Return on Equity be a sign of weakness rather than strength?
Yes. A firm with thin or negative book equity can post very high Return on Equity figures that reflect balance sheet stress more than operating excellence. Heavy buybacks funded by debt shrink equity while increasing interest expense, lifting the ratio even as the underlying business treads water. Decomposing Return on Equity into margin, turnover, and leverage reveals whether the figure is supported by profitable operations or manufactured through financial engineering.
Why does the DuPont decomposition matter for interpreting Return on Equity?
DuPont splits Return on Equity into three drivers: net margin, asset turnover, and equity multiplier. Two firms with identical Return on Equity can reach it in very different ways, one through fat margins and the other through high leverage on thin margins. The decomposition makes those paths visible and forces a more honest read of what Return on Equity is actually telling you about operating strength.
How does Return on Equity compare across industries?
Return on Equity varies structurally by industry because capital intensity, regulatory constraints, and typical financing differ widely. Asset-light services and software firms often show higher ratios than capital-intensive manufacturers or utilities, not because they are better businesses but because their equity base is smaller relative to earnings. Meaningful comparisons stay within a sector, with multi-year averages preferred over single-year snapshots to smooth cyclical effects.