U.S. High Return On Equity, Low Debt

Expeditors International of Washington

Market Cap: US$19.6b

Provides logistics services in the Americas, North Asia, South Asia, Europe, and Middle East, Africa, and India.

Dollar Tree

Market Cap: US$18.4b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Tractor Supply

Market Cap: US$17.8b

Operates as a rural lifestyle retailer in the United States.

NVR

Market Cap: US$16.8b

Operates as a homebuilder in the United States.

Kaspi.kz

Market Cap: US$16.4b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

H World Group

Market Cap: US$15.6b

Develops leased and owned, manachised, and franchised hotels in the People’s Republic of China.

lululemon athletica

Market Cap: US$15.4b

Designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China Mainland, Hong Kong, Taiwan, Macau, and internationally.

Lincoln Electric Holdings

Market Cap: US$14.6b

Through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally.

Deckers Outdoor

Market Cap: US$14.3b

Designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally.

Evercore

Market Cap: US$13.4b

Operates as an independent investment banking firm in the Americas, Europe, Middle East, Africa, and Asia-Pacific.

IES Holdings

Market Cap: US$13.1b

Designs and installs integrated electrical and technology systems and provides infrastructure products and services in the United States.

Best Buy

Market Cap: US$12.6b

Offers technology products and solutions in the United States, Canada, and internationally.

Check Point Software Technologies

Market Cap: US$12.1b

Develops, markets, and supports a range of products and services for IT security worldwide.

Allegion

Market Cap: US$11.6b

Engages in the provision of security products and solutions worldwide.

Exelixis

Market Cap: US$11.1b

An oncology company, focuses on the discovery, development, and commercialization of new medicines for difficult-to-treat cancers in the United States.

Chewy

Market Cap: US$10.6b

Engages in the e-commerce business in the United States.

Dillard's

Market Cap: US$8.8b

Operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States.

Primerica

Market Cap: US$8.7b

Provides financial products and services to middle-income households in the United States and Canada.

SOLV Energy

Market Cap: US$8.2b

Provides infrastructure services to the power industry in the Unites Sates.

Sprouts Farmers Market

Market Cap: US$7.6b

Engages in the retailing of fresh, natural, and organic food products in the United States.

Everus Construction Group

Market Cap: US$7.6b

Provides contracting services in the United States.

InterDigital

Market Cap: US$7.5b

Operates as a global research and development company focuses on wireless, visual, artificial intelligence (AI), and related technologies.

Armstrong World Industries

Market Cap: US$7.2b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

Valaris

Market Cap: US$7.1b

Provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally.

PJT Partners

Market Cap: US$6.3b

An investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, institutional investors, and governments worldwide.

AppFolio

Market Cap: US$6.1b

Provides cloud-based platform for the real estate industry in the United States.

Pegasystems

Market Cap: US$6.0b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

Chemed

Market Cap: US$5.6b

Provides hospice and palliative care services to patients through a network of physicians, doctors, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States.

Moelis

Market Cap: US$5.3b

Operates as an investment banking advisory company in North and South America, Europe, the Middle East, Asia, and Australia.

Atour Lifestyle Holdings

Market Cap: US$5.2b

Through its subsidiaries, develops lifestyle brands in the People’s Republic of China.

Duolingo

Market Cap: US$5.2b

Operates as a mobile learning platform in the United States, the United Kingdom, and internationally.

ExlService Holdings

Market Cap: US$4.8b

Operates as a data and artificial intelligence (“AI”) company in the North America, the United Kingdom, Europe, and internationally.

Grand Canyon Education

Market Cap: US$4.3b

Operates as an education services company in the United States.

DLocal

Market Cap: US$4.1b

Provides payment processing services worldwide.

Federated Hermes

Market Cap: US$3.9b

A publicly owned investment manager.

Abercrombie & Fitch

Market Cap: US$3.8b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.