Belgian ROE over 20

Lincoln Electric Holdings

Market Cap: US$14.4b

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

Sterling Infrastructure

Market Cap: US$14.3b

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

Check Point Software Technologies

Market Cap: US$14.2b

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

RPM International

Market Cap: US$13.9b

Provides specialty chemicals for the construction, industrial, specialty, and consumer markets.

Mueller Industries

Market Cap: US$13.7b

Manufactures and sells copper, brass, and aluminum products in the United States, the United Kingdom, Canada, Asia and the Middle East, and Mexico.

Millicom International Cellular

Market Cap: US$13.5b

Engages in the provision cable and mobile services in Latin America.

Avery Dennison

Market Cap: US$13.1b

Operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America.

APA

Market Cap: US$13.1b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

Erie Indemnity

Market Cap: US$13.0b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Best Buy

Market Cap: US$13.0b

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

Equity LifeStyle Properties

Market Cap: US$12.9b

A self-administered, self-managed real estate investment trust.

Solstice Advanced Materials

Market Cap: US$12.7b

Operates as a specialty chemicals and advanced materials company in the United States and internationally.

Allegion

Market Cap: US$12.7b

Engages in the provision of security products and solutions worldwide.

Advanced Drainage Systems

Market Cap: US$12.1b

Designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally.

Solventum

Market Cap: US$12.0b

A healthcare company, develops, manufactures, and commercializes a portfolio of solutions to address critical customer and patient needs in the United States and internationally.

Exelixis

Market Cap: US$11.9b

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

BJ's Wholesale Club Holdings

Market Cap: US$11.9b

Operates membership warehouse clubs on the eastern half of the United States.

Crown Holdings

Market Cap: US$11.9b

Engages in the packaging business in the United States and internationally.

Gen Digital

Market Cap: US$11.5b

Engages in the provision of cyber safety solutions for individuals, families, and small businesses.

Service Corporation International

Market Cap: US$11.4b

Provides deathcare products and services in the United States and Canada.

TopBuild

Market Cap: US$11.3b

Engages in the installation and distribution of insulation and other building material products to the construction industry.

Universal Health Services

Market Cap: US$11.1b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

AECOM

Market Cap: US$11.0b

Provides professional infrastructure consulting services for governments, businesses, and organizations internationally.

XP

Market Cap: US$11.0b

Provides financial products and services in Brazil.

Jack Henry & Associates

Market Cap: US$10.9b

Operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services.

Luckin Coffee

Market Cap: US$10.9b

Offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

Applied Industrial Technologies

Market Cap: US$10.9b

Distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica.

IES Holdings

Market Cap: US$10.8b

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

Texas Roadhouse

Market Cap: US$10.8b

Operates casual dining restaurants in the United States and internationally.

Chewy

Market Cap: US$10.8b

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

Allison Transmission Holdings

Market Cap: US$10.7b

Designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S.

Encompass Health

Market Cap: US$10.6b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Core & Main

Market Cap: US$10.5b

Engages in the distribution of water, wastewater, storm drainage, and fire protection products and related services in the United States.

Bentley Systems

Market Cap: US$10.4b

Provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Donaldson Company

Market Cap: US$10.3b

Manufactures and sells filtration systems and replacement parts worldwide.

Antero Midstream

Market Cap: US$10.1b

Owns, operates, and develops midstream energy assets in the Appalachian Basin.