Rankings · Quality

Highest return on capital

Graded A or B, ranked by operating profit as a share of the equity and debt the business runs on. Banks, insurers and companies with negative equity are left out, where the measure means nothing.

154 companies meet this test

Figures as of September 30, 2026

#CompanyGradeReturn on capitalNet marginMarket value
1MEDPMedpace Holdings, Inc.A+75.7%17.7%$17.4B
2IDXXIDEXX LABORATORIES INC /DEA+50.5%25.0%$42B
3PAHCPhibro Animal Health CorporationB32.0%6.6%$1.5B
4EXELExelixis IncA+31.2%35.3%$14.5B
5NUTXNUTEX HEALTH INC.B+29.8%21.2%$1.4B
6ADMAADMA BIOLOGICS, INC.A+28.4%33.0%$2.2B
7ALNYALNYLAM PHARMACEUTICALS, INC.A+24.0%19.7%$34B
8INCYINCYTE CORPORATIONA+23.0%26.7%$24.6B
9CHECHEMED CORPORATIONB+22.7%10.6%$6.7B
10IRMDIRADIMED CORPORATIONA+22.0%26.7%$1.1B
11RMDResMed Inc.B+20.2%26.9%$32.2B
12GSKGSK plcA+19.2%17.5%$106.5B
13CORCENCORA, INC.A19.2%0.8%$58.7B
14ILMNILLUMINA, INC.B+19.1%18.4%$41.1B
15DXCMDEXCOM, INC.A+17.6%20.1%$32.7B
16VRTXVERTEX PHARMACEUTICALS INC / MAB+17.4%35.0%$133.5B
17DOCSDoximity, Inc.A+16.9%25.5%$5.1B
18TEVATEVA PHARMACEUTICAL INDUSTRIES LIMITEDA16.5%4.1%$46.3B
19GILDGILEAD SCIENCES, INC.A16.4%-10.6%$187.6B
20UTHRUnited Therapeutics CorporationB+16.3%41.6%$20.7B
21THCTENET HEALTHCARE CORPA+16.2%14.6%$20.8B
22HALOHALOZYME THERAPEUTICS, INC.A+15.5%24.9%$12.7B
23HRMYHARMONY BIOSCIENCES HOLDINGS, INC.A+15.3%18.9%$2.3B
24PODDINSULET CORPORATIONB+15.1%12.3%$9.2B
25AZNASTRAZENECA PLCA+14.5%16.7%$256.5B

More rankings

A ranking orders companies by one stated measure. It is not a recommendation, and it says nothing about whether any share price is reasonable.