U.S. High Return On Equity, Low Debt

Sylvamo

Market Cap: US$2.4b

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

Powell Industries

Market Cap: US$2.3b

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

Everus Construction Group

Market Cap: US$2.1b

Provides contracting services in the United States.

Upwork

Market Cap: US$1.8b

Operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally.

Buckle

Market Cap: US$1.8b

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.

Agios Pharmaceuticals

Market Cap: US$1.7b

A biopharmaceutical company, discovers and develops medicines in the field of cellular metabolism in the United States.

Century Aluminum

Market Cap: US$1.5b

Produces and sells standard-grade and value-added primary aluminum products in the United States and Iceland.

Hut 8

Market Cap: US$1.4b

Operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America.

Karooooo

Market Cap: US$1.3b

Provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

Exodus Movement

Market Cap: US$1.3b

Operates as a financial technology for blockchain and digital asset industry in the United States.

LegalZoom.com

Market Cap: US$1.3b

Operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States.

Dave

Market Cap: US$1.2b

Provides various financial products and services through its financial services platform in the United States.

Innodata

Market Cap: US$1.2b

Operates as a data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally.

PROG Holdings

Market Cap: US$1.0b

A financial technology holding company, provides payment options to consumers in the United States.

Kforce

Market Cap: US$799.2m

Provides professional staffing services and solutions in the United States.

Nutex Health

Market Cap: US$683.0m

Operates as a physician-led, healthcare services, and operations company in the United States.

Horizon Kinetics Holding

Market Cap: US$652.2m

An employee owned investment manager.

BitFuFu

Market Cap: US$636.1m

Engages in the provision of digital asset mining solutions in Singapore, North America, Asia, and Europe.

Jiayin Group

Market Cap: US$602.4m

Provides online consumer finance services in the People’s Republic of China.

QDM International

Market Cap: US$565.8m

Operates as an insurance brokerage company primarily in Hong Kong.

GigaCloud Technology

Market Cap: US$533.7m

Provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally.

American Coastal Insurance

Market Cap: US$533.3m

Through its subsidiaries, primarily engages in the commercial and personal property and casualty insurance business in the United States.

GAMCO Investors

Market Cap: US$491.0m

A publicly owned holding investment manager.

Build-A-Bear Workshop

Market Cap: US$445.9m

Operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally.

Park Ha Biological Technology

Market Cap: US$376.4m

Park Ha Biological Technology Co., Ltd., investment holding company, develops skincare products in the People’s Republic of China.

Gorilla Technology Group

Market Cap: US$365.4m

Provides solutions in security, network, business intelligence, and Internet of Things (IoT) technology in the Asia Pacific region, the Americas, Cayman Islands, and internationally.

TETRA Technologies

Market Cap: US$356.1m

Operates as an energy services and solutions company.

Conduent

Market Cap: US$347.9m

Provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally.

IBEX

Market Cap: US$325.3m

Provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally.

ZJK Industrial

Market Cap: US$285.4m

Through its subsidiaries, manufactures and sells precision fasteners, structural parts, and other precision metal parts products in the People’s Republic of China, Taiwan, the United States, and internationally.

Paul Mueller

Market Cap: US$238.9m

Provides manufactured equipment and components in the United States, North America, Asia, the Far East, the Netherlands, EU countries, Europe, and internationally.

J.Jill

Market Cap: US$236.2m

Operates as an omnichannel retailer for women’s apparel in the United States.

Euroseas

Market Cap: US$219.4m

Provides ocean-going transportation services worldwide.

Athena Bitcoin Global

Market Cap: US$208.3m

Provides various crypto asset transaction platforms in the United States, El Salvador, and internationally.

Baird Medical Investment Holdings

Market Cap: US$204.3m

Together with its subsidiaries develops and sells microwave ablation medical devices for minimally invasive tumor treatment in China, Egypt, Indonesia, and the United States.

Tengjun Biotechnology

Market Cap: US$201.4m

Tengjun Biotechnology Corp., through its subsidiaries, engages in producing, packaging, distributing, and marketing featured dandelion teas and water purifiers in the People’s Republic of China.