Brazilian ROE over 20

Bristol-Myers Squibb

Market Cap: US$127.0b

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

Accenture

Market Cap: US$126.7b

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

Progressive

Market Cap: US$125.0b

Operates as an insurance company in the United States.

Vertex Pharmaceuticals

Market Cap: US$123.5b

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

Interactive Brokers Group

Market Cap: US$121.6b

Operates as an automated electronic broker in the United States and internationally.

Intuit

Market Cap: US$115.9b

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

Comcast

Market Cap: US$110.9b

Operates as a media and technology company worldwide.

Northrop Grumman

Market Cap: US$109.0b

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

Howmet Aerospace

Market Cap: US$106.3b

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.

Spotify Technology

Market Cap: US$104.4b

Provides audio streaming subscription services worldwide.

Trane Technologies

Market Cap: US$103.2b

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

Vertiv Holdings Co

Market Cap: US$98.6b

Designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Waste Management

Market Cap: US$98.0b

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

United Parcel Service

Market Cap: US$97.2b

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

Marsh & McLennan Companies

Market Cap: US$90.3b

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

MercadoLibre

Market Cap: US$90.1b

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

American Tower

Market Cap: US$88.6b

American Tower Corporation (together with its subsidiaries, “ATC” or the “Company”) is one of the largest global real estate investment trusts and a leading independent owner, operator and developer of multitenant communications real estate.

Ecolab

Market Cap: US$85.6b

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

Cadence Design Systems

Market Cap: US$83.8b

Develops computational, AI-driven software, hardware, and silicon intellectual property (IP) products and solutions.

Royal Caribbean Cruises

Market Cap: US$81.4b

Operates as a cruise company worldwide.

Cintas

Market Cap: US$80.6b

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

CSX

Market Cap: US$80.3b

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

Cummins

Market Cap: US$80.2b

Offers various power solutions worldwide.

Airbnb

Market Cap: US$79.9b

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

Monster Beverage

Market Cap: US$79.3b

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

Nu Holdings

Market Cap: US$73.8b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Aon

Market Cap: US$72.4b

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.

Carvana

Market Cap: US$71.5b

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

Robinhood Markets

Market Cap: US$70.9b

Operates financial services platform in the United States.

Ross Stores

Market Cap: US$65.4b

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

AngloGold Ashanti

Market Cap: US$64.8b

Operates as a gold mining company in Africa, Australia, and the Americas.

Marathon Petroleum

Market Cap: US$61.8b

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

Lumentum Holdings

Market Cap: US$55.9b

Manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Allstate

Market Cap: US$55.2b

Provides property and casualty, and other insurance products in the United States and Canada.

W.W. Grainger

Market Cap: US$54.6b

Distributes maintenance, repair, and operating products and services primarily in North America, Japan, and the United Kingdom.

Fastenal

Market Cap: US$53.2b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.