Belgian Utilities ROE over 20

PDD Holdings

Market Cap: US$122.2b

A multinational commerce group that owns and operates a portfolio of businesses.

Newmont

Market Cap: US$115.6b

Operates as a gold producer.

Bristol-Myers Squibb

Market Cap: US$115.6b

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.

Progressive

Market Cap: US$114.2b

Operates as an insurance company in the United States.

Vertex Pharmaceuticals

Market Cap: US$112.1b

Operates as a biotechnology company in the United States, Europe, and internationally.

Parker-Hannifin

Market Cap: US$110.0b

Manufactures and sells motion and control technologies and systems for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets in North America, Europe, Asia Pacific, and Latin America.

Accenture

Market Cap: US$109.8b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Trane Technologies

Market Cap: US$102.5b

Designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.

Spotify Technology

Market Cap: US$101.5b

Provides audio streaming subscription services worldwide.

Howmet Aerospace

Market Cap: US$99.8b

Provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally.

United Parcel Service

Market Cap: US$93.7b

A package delivery and logistics provider, offers transportation and delivery services.

Cummins

Market Cap: US$93.6b

Offers various power solutions worldwide.

American Tower

Market Cap: US$90.3b

American Tower Corporation is one of the largest global real estate investment trusts.

Agnico Eagle Mines

Market Cap: US$88.4b

A gold mining company, engages in the exploration, development, and production of precious metals.

Waste Management

Market Cap: US$87.9b

Through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States, Canada, Western Europe, and internationally.

Monster Beverage

Market Cap: US$86.6b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

CSX

Market Cap: US$85.9b

Provides rail-based freight transportation services in the United States and Canada.

Comcast

Market Cap: US$83.3b

Operates as a media and technology company worldwide.

MercadoLibre

Market Cap: US$82.9b

Operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.

Intuit

Market Cap: US$82.6b

Provides financial management, payments and capital, compliance, and marketing products and services in the United States.

NXP Semiconductors

Market Cap: US$81.4b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Airbnb

Market Cap: US$79.4b

Operates a platform for stays, experiences, and services worldwide.

Royal Caribbean Cruises

Market Cap: US$78.7b

Operates as a cruise company worldwide.

Marathon Petroleum

Market Cap: US$78.0b

Operates as an integrated downstream energy company in the United States.

Marsh & McLennan Companies

Market Cap: US$77.9b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Northrop Grumman

Market Cap: US$77.4b

Operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally.

Ross Stores

Market Cap: US$74.8b

Operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States.

Carvana

Market Cap: US$73.1b

Operates an e-commerce platform for buying and selling used cars.

Cintas

Market Cap: US$72.0b

Engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America.

Ecolab

Market Cap: US$71.6b

Provides water, hygiene, and infection prevention solutions and services in the United States and internationally.

Aon

Market Cap: US$68.8b

Operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.

United Rentals

Market Cap: US$67.9b

Through its subsidiaries, operates as an equipment rental company in the United States, Canada, Europe, Australia, and New Zealand.

Comfort Systems USA

Market Cap: US$67.3b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

TE Connectivity

Market Cap: US$64.4b

Manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas.

Teradyne

Market Cap: US$63.7b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Travelers Companies

Market Cap: US$62.4b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States, Canada, and internationally.