U.S. High Return On Equity, Low Debt

UL Solutions

Market Cap: US$14.2b

Provides testing, inspection and certification, and related software and advisory services worldwide.

Exelixis

Market Cap: US$12.6b

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

Texas Roadhouse

Market Cap: US$12.6b

Operates casual dining restaurants in the United States and internationally.

Lincoln Electric Holdings

Market Cap: US$12.1b

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

Pool

Market Cap: US$11.4b

Distributes swimming pool supplies, equipment, related leisure, irrigation, and landscape maintenance products in the United States and internationally.

H World Group

Market Cap: US$10.2b

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

Nextracker

Market Cap: US$9.8b

Provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally.

Pegasystems

Market Cap: US$9.2b

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.

Primerica

Market Cap: US$9.1b

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

Fluor

Market Cap: US$8.7b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

AppFolio

Market Cap: US$8.5b

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

Hamilton Lane

Market Cap: US$7.9b

A private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies.

Armstrong World Industries

Market Cap: US$7.3b

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

Sterling Infrastructure

Market Cap: US$7.2b

Engages in the provision of e-infrastructure, transportation, and building solutions in the United States.

Dillard's

Market Cap: US$7.1b

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

Eagle Materials

Market Cap: US$7.0b

Through its subsidiaries, manufactures and sells heavy construction products and light building materials in the United States.

NewMarket

Market Cap: US$7.0b

Through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives.

PJT Partners

Market Cap: US$6.9b

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.

IES Holdings

Market Cap: US$6.1b

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

Crocs

Market Cap: US$6.0b

Designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under the Crocs and HEYDUDE Brands in the United States and internationally.

Clearwater Analytics Holdings

Market Cap: US$5.9b

Develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.

InterDigital

Market Cap: US$5.8b

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

Qualys

Market Cap: US$5.5b

Provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally.

Moelis

Market Cap: US$5.3b

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

Cal-Maine Foods

Market Cap: US$5.0b

Engages in the production, grading, packaging, marketing, and distribution of shell eggs and egg products.

Atour Lifestyle Holdings

Market Cap: US$4.6b

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

National Beverage

Market Cap: US$4.4b

Through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks in the United States and Canada.

Abercrombie & Fitch

Market Cap: US$4.4b

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

Oddity Tech

Market Cap: US$4.2b

Operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally.

Laureate Education

Market Cap: US$3.5b

Offers higher education programs and services to students through a network of universities and higher education institutions.

Everus Construction Group

Market Cap: US$3.3b

Provides contracting services in the United States.

WD-40

Market Cap: US$3.2b

Develops and sells maintenance products, and homecare and cleaning products in North America, Central and South America, Asia, Australia, Europe, India, the Middle East, and Africa.

Slide Insurance Holdings

Market Cap: US$2.7b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

Powell Industries

Market Cap: US$2.6b

Designs, develops, manufactures, sells, and services custom-engineered equipment and systems.

Buckle

Market Cap: US$2.4b

Operates as a retailer of casual apparel, footwear, and accessories for men, women, and kids under the Buckle and Buckle Youth brands in the United States.

Sylvamo

Market Cap: US$2.2b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.