Company health check

Company Health Check

One question, asked of every company on our earnings calendar and in the top holdings of the 13F funds we track: is it carrying heavy debt without the free cash flow, revenue or margins to back it up?

Every number comes straight from the company's own SEC filings (10-K and 10-Q), and each row links to the filing it came from. The label is a simple, published rule set (below), not a forecast.

Scored: 350
Healthy: 156
Watch: 119
Stretched: 75
Not scored: 99

Reporting this week

Big reports in the next 7 days from our IR-verified calendar, with each company's health going into the print.

BATue, Oct 27
Boeing
Stretched
Negative free cash flow (−$210M) while carrying $45.9B of debt
VTue, Oct 27
Visa
Healthy
Debt is 1.1x free cash flow
GOOGLWed, Oct 28
Alphabet
Healthy
Cash exceeds debt by $142.3B
MSFTWed, Oct 28
Microsoft
Healthy
Cash exceeds debt by $36.5B
NOWWed, Oct 28
ServiceNow
Healthy
Debt is 1.6x free cash flow
AMZNThu, Oct 29
Amazon
Stretched
Negative free cash flow from heavy investment (−$11.6B; capex up 61% YoY) while carrying $132.5B of debt
CATThu, Oct 29
Caterpillar
Not scored: Most of its debt funds Cat Financial, a captive lender to dealers and customers, so consolidated debt-to-FCF isn't comparable
INTCThu, Oct 29
Intel
Stretched
Debt is 18x free cash flow
LLYThu, Oct 29
Eli Lilly
Healthy
Debt is 3.0x free cash flow
MAThu, Oct 29
Mastercard
Healthy
Debt is 1.5x free cash flow

All scored companies

Click a column to sort. Debt / FCF = total debt ÷ free cash flow (“n/m” when free cash flow is zero or negative). Figures are trailing 12 months where the latest 10-Q allows, otherwise the latest fiscal year; each row says which.

Context columns (not part of the label): Investing = capex and operating cash flow (OCF) vs. a year earlier, tagged “Investing heavily” when capex is up 50%+ while OCF is positive and not down more than 10%. P/E = latest IEX closing price ÷ diluted EPS for the same period (“n/m” when EPS is zero or negative, “—” when there's no close or EPS).

Price as of Oct 21, 2026 (IEX close, last regular-session trade on IEX). P/E shown for 282 of 350 companies (51 n/m). No analyst targets.

Show9 of 350 ·

Company health check: sortable table

ACHCAcadia Healthcare Company, Inc.	Stretched	−$292M−8.7% of rev.	+6.8%	−32.8%	n/mFCF ≤ 0	−1.3%	Capex −34.4%OCF −60.7%	n/m
Why: Negative free cash flow (−$292M) while carrying $2.5B of debt Net loss: margin −33% Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-30 ↗
AMCAMC ENTERTAINMENT HOLDINGS, INC.	Stretched	−$22M−0.4% of rev.	+6.4%	−10.6%	n/mFCF ≤ 0	+66.7%	Capex −2.3%OCF —	n/m
Why: Negative free cash flow (−$22M) while carrying $3.9B of debt Operating income covers interest only 0.4x Net loss: margin −11% Shares up 67% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
AMZNAMAZON COM INCReports Thu, Oct 29	Stretched	−$11.6B−1.5% of rev.	+15.8%	17.4%	n/mFCF ≤ 0	+0.9%	Investing heavilyCapex +60.7%OCF +33.2%	21.1
Why: Negative free cash flow from heavy investment (−$11.6B; capex up 61% YoY) while carrying $132.5B of debt Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
APLDApplied Digital Corp.	Stretched	−$4.5B−511% of rev.	+218%	−47.9%	n/mFCF ≤ 0	+13.9%	Capex +435%OCF —	n/m
Why: Negative free cash flow (−$4.5B) while carrying $6.3B of debt Net loss: margin −48% Shares up 14% YoY (dilution) Trailing 12 months through 2026-08-31 · 10-Q filed 2026-10-07 ↗
BABOEING COReports Tue, Oct 27	Stretched	−$210M−0.2% of rev.	+24.8%	2.6%	n/mFCF ≤ 0	+4.5%	Capex +63.1%OCF —	69.2
Why: Negative free cash flow (−$210M) while carrying $45.9B of debt Interest coverage only 1.8x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
BGBunge Global SA	Stretched	−$1.2B−1.4% of rev.	+56.9%	0.8%	n/mFCF ≤ 0	+44.6%	Capex +20.6%OCF −5.3%	27.1
Why: Negative free cash flow (−$1.2B) while carrying $14.6B of debt Shares up 45% YoY (dilution) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-29 ↗
BKVBKV Corp	Stretched	−$25M−2.2% of rev.	+9.9%	15.7%	n/mFCF ≤ 0	+21.8%	Investing heavilyCapex +190%OCF +143%	10.9
Why: Negative free cash flow from heavy investment (−$25M; capex up 190% YoY) while carrying $1.1B of debt Shares up 22% YoY (dilution) Fiscal year ended 2025-12-31 · 10-K/A filed 2026-08-19 ↗
CRWVCoreWeave, Inc.	Stretched	−$13.7B−180% of rev.	+115%	−25.4%	n/mFCF ≤ 0	+13.1%	Investing heavilyCapex +140%OCF +984%	n/m
Why: Negative free cash flow from heavy investment (−$13.7B; capex up 140% YoY) while carrying $21.4B of debt Net loss: margin −25% Shares up 13% YoY (dilution) Note: Debt as of fiscal year-end 2025-12-31 (long-term debt not tagged in the latest 10-Q) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-12 ↗
CTRICenturi Holdings, Inc.	Stretched	−$15M−0.4% of rev.	+25.2%	0.9%	n/mFCF ≤ 0	+14.2%	Capex −8.8%OCF −67.8%	60.0
Why: Negative free cash flow (−$15M) while carrying $718M of debt Shares up 14% YoY (dilution) Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-28 · 10-Q filed 2026-08-04 ↗
DCHDauch Corp	Stretched	−$25M−0.3% of rev.	+41.0%	−2.0%	n/mFCF ≤ 0	+99.9%	Capex +19.4%OCF −30.7%	n/m
Why: Negative free cash flow (−$25M) while carrying $5.1B of debt Operating income covers interest only 0.3x Net loss: margin −2.0% Shares up 100% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
DUKDuke Energy CORP	Stretched	−$3.3B−9.9% of rev.	+7.2%	15.5%	n/mFCF ≤ 0	+0.3%	Capex +22.5%OCF −3.0%	18.5
Why: Negative free cash flow (−$3.3B) while carrying $90.2B of debt Interest coverage only 2.4x Note: A newer 10-Q (period ended 2026-06-30, filed 2026-08-04) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-05 ↗
ECHOEchoStar CORP	Stretched	−$725M−4.9% of rev.	−5.2%	−38.7%	n/mFCF ≤ 0	+22.3%	Capex −48.0%OCF −116%	n/m
Why: Negative free cash flow (−$725M) while carrying $17.4B of debt Revenue down 5.2% YoY Net loss: margin −39% Shares up 22% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
EDCONSOLIDATED EDISON INC	Stretched	−$644M−3.7% of rev.	+8.2%	12.4%	n/mFCF ≤ 0	+3.7%	Capex +2.0%OCF +6.7%	18.9
Why: Negative free cash flow (−$644M) while carrying $25.8B of debt Interest coverage only 2.4x Note: A newer 10-Q (period ended 2026-06-30, filed 2026-08-06) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Note: Debt as of fiscal year-end 2025-12-31 (long-term debt not tagged in the latest 10-Q) Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-07 ↗
ETRENTERGY CORP /DE/	Stretched	−$2.8B−21.3% of rev.	+11.4%	13.6%	n/mFCF ≤ 0	+5.0%	Capex +49.5%OCF +20.9%	27.1
Why: Negative free cash flow (−$2.8B) while carrying $34.1B of debt Interest coverage only 2.2x Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-31) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-01 ↗
FPSForgent Power Solutions, Inc.	Stretched	−$7M−0.5% of rev.	+88.5%	5.8%	n/mFCF ≤ 0	—	Capex +37.8%OCF +142%	—
Why: Negative free cash flow (−$7M) while carrying $582M of debt Fiscal year ended 2026-06-30 · 10-K filed 2026-09-15 ↗
JBLUJETBLUE AIRWAYS CORP	Stretched	−$1.1B−11.4% of rev.	+4.0%	−9.3%	n/mFCF ≤ 0	+4.0%	Capex −13.1%OCF —	n/m
Why: Negative free cash flow (−$1.1B) while carrying $8.5B of debt Operating loss doesn't cover $584M of interest expense Net loss: margin −9.3% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
LCIDLucid Group, Inc.	Stretched	−$5.1B−330% of rev.	+66.5%	−249%	n/mFCF ≤ 0	+25.0%	Capex +29.7%OCF —	—
Why: Negative free cash flow (−$5.1B) while carrying $3.3B of debt Operating loss doesn't cover $148M of interest expense Net loss: margin −249% Shares up 25% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
LUVSOUTHWEST AIRLINES CO	Stretched	−$831M−3.0% of rev.	+2.1%	1.6%	n/mFCF ≤ 0	−13.2%	Capex +30.1%OCF +299%	50.5
Why: Negative free cash flow (−$831M) while carrying $4.9B of debt Interest coverage only 2.6x Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K/A filed 2026-02-06 ↗
NBISNebius Group N.V.	Stretched	−$3.7B−695% of rev.	+479%	15.6%	n/mFCF ≤ 0	−11.9%	Investing heavilyCapex +404%OCF +56.7%	519.9
Why: Negative free cash flow from heavy investment (−$3.7B; capex up 404% YoY) while carrying $4.1B of debt Operating loss doesn't cover $62M of interest expense Fiscal year ended 2025-12-31 · 20-F/A filed 2026-05-22 ↗
NCLHNorwegian Cruise Line Holdings Ltd.	Stretched	−$1.2B−11.7% of rev.	+6.2%	7.5%	n/mFCF ≤ 0	+3.5%	Capex +33.4%OCF +7.3%	9.4
Why: Negative free cash flow (−$1.2B) while carrying $15.0B of debt Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
NINISOURCE INC.	Stretched	−$1.1B−16.1% of rev.	+14.4%	13.4%	n/mFCF ≤ 0	+1.9%	Capex +26.0%OCF +11.7%	22.9
Why: Negative free cash flow (−$1.1B) while carrying $17.4B of debt Interest coverage only 2.5x Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
ORCLORACLE CORP	Stretched	−$28.7B−40.0% of rev.	+21.6%	26.4%	n/mFCF ≤ 0	+3.1%	Investing heavilyCapex +176%OCF +118%	20.2
Why: Negative free cash flow from heavy investment (−$28.7B; capex up 176% YoY) while carrying $129.5B of debt Note: Debt as of fiscal year-end 2026-05-31 (long-term debt not tagged in the latest 10-Q) Trailing 12 months through 2026-08-31 · 10-Q filed 2026-09-11 ↗
PCGPG&E Corp	Stretched	−$4.3B−16.5% of rev.	+5.7%	12.3%	n/mFCF ≤ 0	+3.7%	Capex +11.5%OCF −9.2%	9.5
Why: Negative free cash flow (−$4.3B) while carrying $64.2B of debt Interest coverage only 1.7x Note: A newer 10-Q (period ended 2026-09-30, filed 2026-10-22) isn't in SEC's XBRL data yet; figures are as of 2026-06-30 Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
RCLROYAL CARIBBEAN CRUISES LTD	Stretched	−$416M−2.2% of rev.	+8.7%	23.5%	n/mFCF ≤ 0	−2.5%	Investing heavilyCapex +235%OCF +18.3%	17.8
Why: Negative free cash flow from heavy investment (−$416M; capex up 235% YoY) while carrying $22.8B of debt Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
REZIRESIDEO TECHNOLOGIES, INC.	Stretched	−$1.4B−18.3% of rev.	+3.4%	5.6%	n/mFCF ≤ 0	+3.4%	Capex +36.8%OCF −362%	6.8
Why: Negative free cash flow (−$1.4B) while carrying $3.6B of debt Interest coverage only 2.9x Trailing 12 months through 2026-07-04 · 10-Q filed 2026-08-12 ↗
SNXTD SYNNEX CORP	Stretched	−$815M−1.1% of rev.	+24.1%	1.8%	n/mFCF ≤ 0	−3.0%	Capex +28.8%OCF −198%	15.3
Why: Negative free cash flow (−$815M) while carrying $5.5B of debt Trailing 12 months through 2026-08-31 · 10-Q filed 2026-10-01 ↗
SOSOUTHERN CO	Stretched	−$3.5B−11.5% of rev.	+8.3%	14.5%	n/mFCF ≤ 0	+2.1%	Capex +37.6%OCF +0.5%	23.1
Why: Negative free cash flow (−$3.5B) while carrying $74.5B of debt Interest coverage only 2.2x Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-30) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-30 ↗
TTMITTM TECHNOLOGIES INC	Stretched	−$15M−0.4% of rev.	+27.6%	7.0%	n/mFCF ≤ 0	+2.6%	Investing heavilyCapex +53.2%OCF +35.5%	46.0
Why: Negative free cash flow from heavy investment (−$15M; capex up 53% YoY) while carrying $973M of debt Trailing 12 months through 2026-06-29 · 10-Q filed 2026-08-05 ↗
WMBWILLIAMS COMPANIES, INC.	Stretched	−$108M−0.7% of rev.	+10.1%	19.9%	n/mFCF ≤ 0	+0.1%	Investing heavilyCapex +77.7%OCF +12.2%	29.0
Why: Negative free cash flow from heavy investment (−$108M; capex up 78% YoY) while carrying $30.8B of debt Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
GILDGILEAD SCIENCES, INC.	Stretched	$12.9B42.5% of rev.	+5.5%	−10.6%	2.0x	−1.0%	Capex +22.0%OCF +37.3%	n/m
Why: Operating loss doesn't cover $998M of interest expense Net loss: margin −11% Note: Operating loss mostly from non-cash write-down: $2.1B of goodwill/intangible impairment vs. a −$2.5B operating loss (−$347M before the write-down) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
ZSZscaler, Inc.	Stretched	$779M23.2% of rev.	+25.4%	−1.9%	2.2x	+3.8%	Capex +42.6%OCF +16.2%	n/m
Why: Operating loss doesn't cover $12M of interest expense Net loss: margin −1.9% Fiscal year ended 2026-07-31 · 10-K filed 2026-09-03 ↗
SNPSSYNOPSYS INC	Stretched	$2.7B29.2% of rev.	+46.3%	11.4%	3.7x	+18.9%	Capex +22.5%OCF +104%	78.9
Why: Operating income covers interest only 1.3x Shares up 19% YoY (dilution) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-26 ↗
ITRIITRON, INC.	Stretched	$385M16.7% of rev.	−5.7%	11.9%	4.1x	−3.8%	Capex −5.9%OCF +30.8%	14.2
Why: Debt is 4.1x free cash flow with shrinking revenue behind it Revenue down 5.7% YoY Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
TDSTELEPHONE & DATA SYSTEMS INC /DE/	Stretched	$199M16.2% of rev.	−5.3%	−0.5%	4.2x	+4.3%	Capex +6.9%OCF −48.5%	n/m
Why: Operating loss doesn't cover $113M of interest expense Debt is 4.2x free cash flow with shrinking revenue behind it Revenue down 5.3% YoY Net loss: margin −0.5% Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-24 ↗
KHCKraft Heinz Co	Stretched	$3.8B15.3% of rev.	−1.6%	−13.6%	5.0x	+0.1%	Capex −11.1%OCF +5.0%	n/m
Why: Operating loss doesn't cover $683M of interest expense Debt is 5.0x free cash flow with net losses behind it Net loss: margin −14% Note: Operating loss mostly from non-cash write-down: $7.4B of goodwill/intangible impairment vs. a −$3.2B operating loss ($4.2B before the write-down) Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-05 ↗
SNAPSnap Inc	Stretched	$706M11.1% of rev.	+12.6%	−4.9%	5.0x	−0.7%	Capex +9.9%OCF +56.7%	n/m
Why: Operating loss doesn't cover $145M of interest expense Debt is 5.0x free cash flow with net losses behind it Net loss: margin −4.9% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
WWayfair Inc.	Stretched	$562M4.4% of rev.	+7.5%	−2.5%	5.0x	+2.3%	Investing heavilyCapex +87.3%OCF +71.4%	n/m
Why: Debt is 5.0x free cash flow with net losses behind it Net loss: margin −2.5% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
VTRSViatris Inc	Stretched	$2.0B13.3% of rev.	+4.4%	−2.8%	6.8x	−0.8%	Capex +20.2%OCF +12.9%	n/m
Why: Operating loss doesn't cover $480M of interest expense Debt is 6.8x free cash flow with net losses behind it Net loss: margin −2.8% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
CRLCHARLES RIVER LABORATORIES INTERNATIONAL, INC.	Stretched	$371M9.3% of rev.	−0.7%	−6.0%	7.1x	−2.6%	Capex +1.2%OCF −26.1%	n/m
Why: Operating income covers interest only 0.8x Debt is 7.1x free cash flow with net losses behind it Net loss: margin −6.0% Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-05 ↗
LENLENNAR CORP /NEW/	Stretched	$811M2.5% of rev.	−8.0%	4.1%	7.2x	−7.0%	Capex −13.0%OCF —	—
Why: Debt is 7.2x free cash flow with shrinking revenue behind it Revenue down 8.0% YoY Note: Debt as of fiscal year-end 2025-11-30 (long-term debt not tagged in the latest 10-Q) Trailing 12 months through 2026-08-31 · 10-Q filed 2026-10-02 ↗
TTWOTAKE TWO INTERACTIVE SOFTWARE INC	Stretched	$338M5.0% of rev.	+15.3%	−4.8%	7.5x	+3.0%	Capex +2.1%OCF +395%	n/m
Why: Operating loss doesn't cover $143M of interest expense Debt is 7.5x free cash flow with net losses behind it Net loss: margin −4.8% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
MDLNMedline Inc.	Stretched	$1.5B5.2% of rev.	—	—	8.1x	—	Capex —OCF —	—
Why: Debt is 8.1x free cash flow Interest coverage only 2.3x Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-05 ↗
QSRRestaurant Brands International Inc.	Stretched	$1.6B16.8% of rev.	+6.5%	17.5%	8.1x	+0.7%	Capex +16.2%OCF +19.9%	20.0
Why: Debt is 8.1x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
MDLZMondelez International, Inc.	Stretched	$2.6B6.6% of rev.	+7.8%	6.6%	8.2x	−1.5%	Capex −3.7%OCF −16.9%	31.1
Why: Debt is 8.2x free cash flow Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-28 ↗
ALKALASKA AIR GROUP, INC.	Stretched	$731M5.0% of rev.	+9.8%	−1.2%	8.3x	−8.1%	Capex +4.3%OCF −28.5%	n/m
Why: Debt is 8.3x free cash flow Operating loss doesn't cover $302M of interest expense Net loss: margin −1.2% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
VSTVistra Corp.	Stretched	$2.3B11.7% of rev.	+3.8%	11.6%	8.7x	−1.8%	Capex +11.4%OCF +21.2%	26.3
Why: Debt is 8.7x free cash flow Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-10 ↗
GISGENERAL MILLS INC	Stretched	$1.5B8.5% of rev.	−4.5%	−4.9%	8.8x	−0.8%	Capex −12.4%OCF −23.2%	n/m
Why: Debt is 8.8x free cash flow Net loss: margin −4.9% Note: Operating loss mostly from non-cash write-down: $250M of goodwill/intangible impairment vs. a −$206M operating loss ($44M before the write-down) Trailing 12 months through 2026-08-30 · 10-Q filed 2026-09-23 ↗
TAT&T INC.	Stretched	$17.8B13.8% of rev.	+3.5%	10.2%	9.0x	−4.5%	Capex +7.2%OCF −1.5%	11.8
Why: Debt is 9.0x free cash flow Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-21 ↗
KMIKINDER MORGAN, INC.	Stretched	$3.2B17.6% of rev.	+12.5%	19.3%	10.2x	+0.1%	Capex +19.6%OCF +17.7%	21.9
Why: Debt is 10x free cash flow Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-24 ↗
NSCNORFOLK SOUTHERN CORP	Stretched	$1.6B13.0% of rev.	+3.0%	21.0%	10.2x	−0.1%	Capex −3.6%OCF −11.2%	28.0
Why: Debt is 10x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
CPBCAMPBELL'S Co	Stretched	$678M7.0% of rev.	−5.0%	4.1%	10.5x	0.0%	Capex −15.3%OCF −8.1%	15.0
Why: Debt is 11x free cash flow Interest coverage only 2.6x Fiscal year ended 2026-08-02 · 10-K filed 2026-09-24 ↗
WATWATERS CORP /DE/	Stretched	$399M8.6% of rev.	+52.5%	3.6%	12.3x	+64.6%	Capex —OCF −26.3%	115.9
Why: Debt is 12x free cash flow Shares up 65% YoY (dilution) Trailing 12 months through 2026-07-04 · 10-Q filed 2026-08-11 ↗
ETEnergy Transfer LP	Stretched	$5.2B4.9% of rev.	+33.3%	4.9%	13.1x	—	Capex +26.8%OCF +8.8%	—
Why: Debt is 13x free cash flow Interest coverage only 2.9x Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
WYNNWYNN RESORTS LTD	Stretched	$792M10.7% of rev.	+6.4%	6.1%	13.5x	−0.8%	Capex +20.5%OCF +12.5%	18.2
Why: Debt is 14x free cash flow Interest coverage only 1.9x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
PRMBPrimo Brands Corp	Stretched	$367M5.4% of rev.	+11.5%	1.5%	14.1x	−3.0%	Investing heavilyCapex +124%OCF +49.0%	74.1
Why: Debt is 14x free cash flow Operating income covers interest only 1.5x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
IFFINTERNATIONAL FLAVORS & FRAGRANCES INC	Stretched	$400M3.7% of rev.	−5.6%	7.7%	14.5x	+0.4%	Capex +10.7%OCF −10.7%	28.2
Why: Debt is 15x free cash flow Revenue down 5.6% YoY Note: Figures are as of 2026-03-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-05 ↗
WBDWarner Bros. Discovery, Inc.	Stretched	$2.2B6.0% of rev.	−6.1%	−8.8%	14.7x	+3.0%	Capex +20.3%OCF −32.9%	—
Why: Debt is 15x free cash flow Operating loss doesn't cover $2.2B of interest expense Revenue down 6.1% YoY Net loss: margin −8.8% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
HHyatt Hotels Corp	Stretched	$252M3.5% of rev.	+5.8%	1.1%	17.0x	+1.2%	Capex +13.7%OCF +47.7%	220.6
Why: Debt is 17x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
TDGTransDigm Group INC	Stretched	$1.9B19.3% of rev.	+16.6%	21.3%	17.0x	−1.2%	Capex +37.6%OCF +4.5%	34.3
Why: Debt is 17x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-04 ↗
INTCINTEL CORPReports Thu, Oct 29	Stretched	$2.8B5.0% of rev.	+7.5%	−19.8%	17.9x	+16.8%	Capex −42.4%OCF +48.1%	n/m
Why: Debt is 18x free cash flow Operating loss doesn't cover $1.1B of interest expense Net loss: margin −20% Shares up 17% YoY (dilution) Trailing 12 months through 2026-06-27 · 10-Q filed 2026-07-24 ↗
SHCSotera Health Co	Stretched	$113M9.3% of rev.	+8.1%	13.4%	19.0x	+0.8%	Capex +17.0%OCF +9.8%	31.2
Why: Debt is 19x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
CZRCaesars Entertainment, Inc.	Stretched	$610M5.2% of rev.	+2.4%	−4.0%	19.2x	−2.4%	Capex −40.6%OCF +6.2%	n/m
Why: Debt is 19x free cash flow Operating income covers interest only 0.8x Net loss: margin −4.0% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
AEPAMERICAN ELECTRIC POWER CO INC	Stretched	$2.6B11.7% of rev.	+8.5%	17.1%	19.7x	+2.3%	Capex —OCF +3.0%	18.8
Why: Debt is 20x free cash flow Interest coverage only 2.6x Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-30) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-05 ↗
UALUnited Airlines Holdings, Inc.	Stretched	$1.1B1.7% of rev.	+12.3%	5.5%	23.7x	+0.2%	Capex +24.5%OCF −12.9%	9.3
Why: Debt is 24x free cash flow Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-21 ↗
PENNPENN Entertainment, Inc.	Stretched	$96M1.3% of rev.	+6.1%	−12.7%	28.9x	−8.0%	Capex −13.0%OCF +30.8%	n/m
Why: Debt is 29x free cash flow Operating loss doesn't cover $436M of interest expense Net loss: margin −13% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
GPKGRAPHIC PACKAGING HOLDING CO	Stretched	$189M2.2% of rev.	0.0%	2.2%	30.0x	−1.6%	Capex −48.1%OCF +3.1%	12.7
Why: Debt is 30x free cash flow Interest coverage only 2.0x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
BLCOBausch & Lomb Corp	Stretched	$137M2.6% of rev.	+8.9%	−3.2%	37.1x	+1.0%	Capex −8.5%OCF +146%	n/m
Why: Debt is 37x free cash flow Operating income covers interest only 0.8x Net loss: margin −3.2% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
GTGOODYEAR TIRE & RUBBER CO /OH/	Stretched	$192M1.1% of rev.	−4.3%	−14.4%	37.4x	−0.3%	Capex −31.2%OCF +79.5%	n/m
Why: Debt is 37x free cash flow Net loss: margin −14% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
WCCWESCO INTERNATIONAL INC	Stretched	$155M0.6% of rev.	+12.5%	2.8%	38.3x	0.0%	Capex +14.1%OCF −63.0%	24.1
Why: Debt is 38x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
NRGNRG ENERGY, INC.	Stretched	$348M1.1% of rev.	+12.8%	2.6%	66.8x	+8.2%	Capex +34.9%OCF −32.1%	26.0
Why: Debt is 67x free cash flow Shares up 8.2% YoY (dilution) Interest coverage only 2.0x Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
CEGConstellation Energy Corp	Stretched	$309M1.0% of rev.	+26.0%	11.1%	79.9x	+14.6%	Capex +36.5%OCF +822%	26.5
Why: Debt is 80x free cash flow Shares up 15% YoY (dilution) Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
ESEVERSOURCE ENERGY	Stretched	$298M2.1% of rev.	+8.6%	10.3%	97.8x	+2.2%	Capex −4.1%OCF +34.4%	17.0
Why: Debt is 98x free cash flow Interest coverage only 2.2x Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
AALAmerican Airlines Group Inc.	Stretched	$285M0.5% of rev.	+7.5%	−0.6%	101.1x	+0.3%	Investing heavilyCapex +61.6%OCF +6.8%	n/m
Why: Debt is 101x free cash flow Operating income covers interest only 0.6x Net loss: margin −0.6% Note: A newer 10-Q (period ended 2026-09-30, filed 2026-10-22) isn't in SEC's XBRL data yet; figures are as of 2026-06-30 Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
AAPADVANCE AUTO PARTS INC	Stretched	$23M0.3% of rev.	−1.3%	1.0%	147.3x	+0.8%	Capex +52.9%OCF —	32.0
Why: Debt is 147x free cash flow Trailing 12 months through 2026-07-18 · 10-Q filed 2026-08-20 ↗
TFXTELEFLEX INC	Stretched	$1M0.1% of rev.	+17.2%	−45.4%	1826.7x	−5.0%	Capex +5.3%OCF −68.0%	n/m
Why: Debt is 1827x free cash flow Operating income covers interest only 1.2x Net loss: margin −45% Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-27 ↗
APDAir Products & Chemicals, Inc.	Watch	−$301M−2.4% of rev.	+4.5%	−0.4%	n/mFCF ≤ 0	0.0%	Capex −35.7%OCF +54.8%	n/m
Why: Negative free cash flow (−$301M), cushioned by $84M net cash Net loss: margin −0.4% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
FLRFLUOR CORP	Watch	−$330M−2.1% of rev.	−4.8%	−12.8%	n/mFCF ≤ 0	−15.1%	Capex −59.8%OCF −182%	n/m
Why: Negative free cash flow (−$330M), cushioned by $2.0B net cash Net loss: margin −13% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
INSMINSMED Inc	Watch	−$808M−71.0% of rev.	+186%	−76.9%	n/mFCF ≤ 0	+14.8%	Capex +19.7%OCF —	n/m
Why: Negative free cash flow (−$808M), cushioned by $617M net cash Net loss: margin −77% Shares up 15% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
MRNAModerna, Inc.	Watch	−$1.2B−55.8% of rev.	−27.6%	−141%	n/mFCF ≤ 0	+2.6%	Capex −78.4%OCF —	n/m
Why: Negative free cash flow (−$1.2B), cushioned by $4.5B net cash Revenue down 28% YoY Net loss: margin −141% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
NVAXNOVAVAX INC	Watch	−$250M−22.3% of rev.	+64.7%	39.2%	n/mFCF ≤ 0	+13.7%	Capex −57.4%OCF —	4.3
Why: Negative free cash flow (−$250M), cushioned by $491M net cash Shares up 14% YoY (dilution) Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-26 ↗
QBTSD-Wave Quantum Inc.	Watch	−$120M−964% of rev.	−44.2%	−2002%	n/mFCF ≤ 0	+22.7%	Capex +235%OCF —	n/m
Why: Negative free cash flow (−$120M), cushioned by $511M net cash Revenue down 44% YoY Net loss: margin −2002% Shares up 23% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
RIVNRivian Automotive, Inc. / DE	Watch	−$3.5B−59.3% of rev.	+14.2%	−55.0%	n/mFCF ≤ 0	+14.7%	Capex +17.1%OCF −1108%	n/m
Why: Negative free cash flow (−$3.5B), cushioned by $866M net cash Net loss: margin −55% Shares up 15% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
SHAZSharonAI Holdings Inc.	Watch	−$1M−37.0% of rev.	—	−15658%	n/mFCF ≤ 0	+93.3%	Capex —OCF —	—
Why: Negative free cash flow (−$1M), cushioned by $855M net cash Net loss: margin −15658% Shares up 93% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q/A filed 2026-08-11 ↗
SMCISuper Micro Computer, Inc.	Watch	−$7.0B−17.8% of rev.	+77.8%	5.7%	n/mFCF ≤ 0	+11.0%	Capex +27.3%OCF −510%	10.9
Why: Negative free cash flow (−$7.0B), cushioned by $2.9B net cash Shares up 11% YoY (dilution) Fiscal year ended 2026-06-30 · 10-K filed 2026-08-31 ↗
FIXCOMFORT SYSTEMS USA INC	Watch	$2.2B54.6% of rev.	−48.5%	36.2%	0.0xnet cash	−0.3%	Investing heavilyCapex +236%OCF +277%	34.5
Why: Revenue down 48% YoY Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
SESea Ltd	Watch	$4.5B19.7% of rev.	+36.4%	6.9%	0.2xnet cash	+5.5%	Investing heavilyCapex +61.5%OCF +53.3%	30.9
Why: Shares up 5.5% YoY (dilution) Fiscal year ended 2025-12-31 · 20-F filed 2026-04-17 ↗
WDCWESTERN DIGITAL CORP	Watch	$3.5B27.2% of rev.	+35.7%	72.9%	0.3xnet cash	+6.7%	Capex +1.5%OCF +132%	15.6
Why: Shares up 6.7% YoY (dilution) Fiscal year ended 2026-07-03 · 10-K filed 2026-08-14 ↗
RBLXRoblox Corp	Watch	$1.6B28.9% of rev.	+41.3%	−17.6%	0.6xnet cash	+4.7%	Investing heavilyCapex +242%OCF +95.4%	n/m
Why: Net loss: margin −18% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
TEAMAtlassian Corp	Watch	$1.3B20.1% of rev.	+26.0%	−0.8%	0.8xnet cash	−0.6%	Capex −24.1%OCF −7.3%	n/m
Why: Net loss: margin −0.8% Fiscal year ended 2026-06-30 · 10-K filed 2026-08-14 ↗
NTRANatera, Inc.	Watch	$84M3.1% of rev.	+37.8%	−7.1%	1.0xnet cash	+5.1%	Investing heavilyCapex +75.4%OCF +22.2%	n/m
Why: Net loss: margin −7.1% Shares up 5.1% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
STXSeagate Technology Holdings plc	Watch	$3.1B25.5% of rev.	+34.1%	26.1%	1.1x	+5.5%	Investing heavilyCapex +115%OCF +239%	50.2
Why: Shares up 5.5% YoY (dilution) Fiscal year ended 2026-07-03 · 10-K filed 2026-08-04 ↗
CELHCelsius Holdings, Inc.	Watch	$463M15.2% of rev.	+82.9%	4.2%	1.5x	−1.3%	Investing heavilyCapex +84.6%OCF +116%	118.0
Why: Interest coverage only 3.0x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
CNCCENTENE CORP	Watch	$9.0B4.4% of rev.	+13.9%	−2.5%	1.8xnet cash	+0.8%	Capex +22.8%OCF +464%	n/m
Why: Net loss: margin −2.5% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
CVXCHEVRON CORP	Watch	$27.0B12.5% of rev.	+10.2%	9.6%	1.9x	+14.5%	Capex +14.2%OCF +41.0%	21.8
Why: Shares up 15% YoY (dilution) Note: Debt as of fiscal year-end 2025-12-31 (long-term debt not tagged in the latest 10-Q) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
SLBSLB LIMITED/NV	Watch	$4.8B13.2% of rev.	+2.5%	8.5%	2.3x	+10.2%	Capex −6.0%OCF −1.6%	24.9
Why: Shares up 10% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
DKNGDraftKings Inc.	Watch	$505M8.1% of rev.	+15.0%	−2.7%	2.5x	−6.3%	Capex +34.0%OCF +30.6%	n/m
Why: Net loss: margin −2.7% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
DVNDEVON ENERGY CORP/DE	Watch	$4.7B23.5% of rev.	+17.1%	16.4%	2.7x	+47.8%	Capex +4.5%OCF +25.5%	10.8
Why: Shares up 48% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
GRBKGreen Brick Partners, Inc.	Watch	$112M5.7% of rev.	−6.2%	14.8%	2.9x	−1.2%	Capex +62.4%OCF −29.5%	9.1
Why: Revenue down 6.2% YoY Note: Debt as of fiscal year-end 2025-12-31 (long-term debt not tagged in the latest 10-Q) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
MRVLMarvell Technology, Inc.	Watch	$1.7B18.3% of rev.	+30.6%	27.9%	2.9x	+5.8%	Investing heavilyCapex +51.1%OCF +19.3%	81.0
Why: Shares up 5.8% YoY (dilution) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-08-28 ↗
PVHPVH CORP. /DE/	Watch	$715M8.0% of rev.	+1.6%	−1.9%	3.1x	−4.9%	Capex +13.4%OCF +33.2%	n/m
Why: Net loss: margin −1.9% Trailing 12 months through 2026-08-02 · 10-Q filed 2026-09-02 ↗
BAHBooz Allen Hamilton Holding Corp	Watch	$1.1B10.1% of rev.	−7.3%	7.0%	3.5x	−3.4%	Capex −2.2%OCF +11.8%	11.8
Why: Revenue down 7.3% YoY Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-24 ↗
VLOVALERO ENERGY CORP/TX	Watch	$2.8B2.3% of rev.	−8.5%	1.2%	3.8x	−2.8%	Capex —OCF −29.4%	90.8
Why: Revenue down 8.5% YoY Note: Figures are as of 2025-09-30: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Trailing 12 months through 2025-09-30 · 10-Q filed 2025-10-23 ↗
DELLDell Technologies Inc.	Watch	$8.6B5.7% of rev.	+49.0%	7.5%	4.0x	−5.0%	Capex +37.3%OCF +62.5%	28.3
Why: Debt is 4.0x free cash flow Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-08 ↗
HALHALLIBURTON CO	Watch	$1.7B7.7% of rev.	+0.6%	7.2%	4.1x	−2.2%	Capex −27.9%OCF −23.0%	—
Why: Debt is 4.1x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-24 ↗
MGMMGM Resorts International	Watch	$1.5B8.4% of rev.	+3.2%	2.4%	4.1x	−6.5%	Capex −21.7%OCF −2.7%	17.5
Why: Debt is 4.1x free cash flow Interest coverage only 2.5x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
VMCVulcan Materials CO	Watch	$1.1B13.8% of rev.	+7.4%	13.8%	4.1x	−1.4%	Capex +10.9%OCF +21.2%	31.6
Why: Debt is 4.1x free cash flow Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-29 ↗
CPRICapri Holdings Ltd	Watch	$83M2.4% of rev.	−3.5%	4.4%	4.2x	−2.6%	Capex +5.6%OCF −16.8%	12.1
Why: Debt is 4.2x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-05 ↗
DGXQUEST DIAGNOSTICS INC	Watch	$1.3B11.7% of rev.	+9.9%	9.2%	4.2x	−0.9%	Capex +22.0%OCF +13.4%	25.4
Why: Debt is 4.2x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
SJMJ M SMUCKER Co	Watch	$1.6B17.3% of rev.	+5.1%	2.5%	4.2x	—	Capex −9.3%OCF +86.0%	59.7
Why: Debt is 4.2x free cash flow Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-26 ↗
NXPINXP Semiconductors N.V.	Watch	$2.7B21.5% of rev.	+2.4%	21.0%	4.3x	−0.6%	Capex −47.3%OCF +22.1%	23.2
Why: Debt is 4.3x free cash flow Note: A newer 10-Q (period ended 2026-06-28, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-29 Trailing 12 months through 2026-03-29 · 10-Q filed 2026-04-28 ↗
CMCSACOMCAST CORP	Watch	$20.4B16.4% of rev.	+0.6%	9.0%	4.4x	−4.2%	Capex +2.7%OCF +4.2%	7.1
Why: Debt is 4.4x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
ROPROPER TECHNOLOGIES INC	Watch	$2.6B30.9% of rev.	+10.9%	30.2%	4.4x	−7.2%	Capex −15.1%OCF +10.7%	16.6
Why: Debt is 4.4x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
FOXAFox Corp	Watch	$1.5B8.6% of rev.	+5.1%	10.1%	4.5x	−4.8%	Capex +51.7%OCF −40.7%	17.1
Why: Debt is 4.5x free cash flow Fiscal year ended 2026-06-30 · 10-K filed 2026-08-06 ↗
UPSUNITED PARCEL SERVICE INC	Watch	$5.5B6.1% of rev.	−0.4%	5.1%	4.5x	+0.5%	Capex −13.5%OCF +18.6%	18.5
Why: Debt is 4.5x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
ABTABBOTT LABORATORIES	Watch	$7.4B16.3% of rev.	+6.6%	13.9%	4.6x	0.0%	Capex −9.0%OCF +5.7%	28.2
Why: Debt is 4.6x free cash flow Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-29 ↗
AONAon plc	Watch	$3.2B18.5% of rev.	+4.9%	22.3%	4.6x	−1.6%	Capex +19.4%OCF +12.1%	16.2
Why: Debt is 4.6x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
DHRDANAHER CORP /DE/	Watch	$5.7B22.4% of rev.	+5.5%	16.9%	4.6x	−1.0%	Capex −13.0%OCF +8.6%	38.4
Why: Debt is 4.6x free cash flow Trailing 12 months through 2026-09-25 · 10-Q filed 2026-10-21 ↗
MATMATTEL INC /DE/	Watch	$513M9.3% of rev.	+2.9%	7.8%	4.6x	−11.2%	Capex +4.5%OCF −10.3%	12.6
Why: Debt is 4.6x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
MDTMedtronic plc	Watch	$6.1B16.3% of rev.	+9.8%	13.9%	4.6x	−0.2%	Capex +3.3%OCF +12.4%	22.9
Why: Debt is 4.6x free cash flow Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-03 ↗
EBAYEBAY INC	Watch	$1.4B12.9% of rev.	+7.9%	18.3%	4.7x	−6.6%	Capex +14.6%OCF −18.8%	28.3
Why: Debt is 4.7x free cash flow Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-19 ↗
ETSYETSY INC	Watch	$639M22.2% of rev.	+2.7%	5.7%	4.7x	−5.8%	Capex +25.7%OCF −7.8%	62.8
Why: Debt is 4.7x free cash flow Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-19 ↗
TMUST-Mobile US, Inc.	Watch	$18.4B20.0% of rev.	+9.7%	11.5%	4.7x	−4.6%	Capex +15.7%OCF +13.0%	16.1
Why: Debt is 4.7x free cash flow Note: Debt as of fiscal year-end 2025-12-31 (long-term debt not tagged in the latest 10-Q) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
UNPUNION PACIFIC CORP	Watch	$6.5B25.6% of rev.	+4.2%	28.8%	4.7x	−0.1%	Capex +4.6%OCF +4.1%	23.3
Why: Debt is 4.7x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
ADMArcher-Daniels-Midland Co	Watch	$1.7B2.0% of rev.	−0.8%	2.2%	4.8x	+0.2%	Capex −23.9%OCF −49.9%	21.7
Why: Debt is 4.8x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
IBMINTERNATIONAL BUSINESS MACHINES CORP	Watch	$14.7B21.0% of rev.	+6.8%	16.0%	4.8x	+0.5%	Capex +16.1%OCF +17.4%	21.4
Why: Debt is 4.8x free cash flow Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-22 ↗
MCHPMICROCHIP TECHNOLOGY INC	Watch	$1.1B21.7% of rev.	+20.9%	9.3%	4.8x	+2.1%	Capex +22.7%OCF +50.4%	113.4
Why: Debt is 4.8x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
HPEHewlett Packard Enterprise Co	Watch	$4.2B9.9% of rev.	+26.6%	6.7%	4.9x	+2.0%	Capex +12.4%OCF +170%	30.0
Why: Debt is 4.9x free cash flow Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-03 ↗
MMCMARSH & MCLENNAN COMPANIES, INC.	Watch	$4.2B14.6% of rev.	+7.6%	14.2%	4.9x	−3.0%	Capex +22.1%OCF −12.1%	22.8
Why: Debt is 4.9x free cash flow Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-15 ↗
PFGCPerformance Food Group Co	Watch	$1.0B1.5% of rev.	+7.2%	0.5%	4.9x	+0.4%	Capex −24.1%OCF +16.8%	42.3
Why: Debt is 4.9x free cash flow Interest coverage only 2.1x Fiscal year ended 2026-06-27 · 10-K filed 2026-08-12 ↗
ZBHZIMMER BIOMET HOLDINGS, INC.	Watch	$1.5B17.9% of rev.	+8.6%	9.5%	4.9x	−2.8%	Capex +15.5%OCF +4.8%	23.0
Why: Debt is 4.9x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
FDXFEDEX CORP	Watch	$5.1B5.4% of rev.	+7.7%	4.7%	5.0x	−1.6%	Capex −6.1%OCF +26.8%	16.1
Why: Debt is 5.0x free cash flow Fiscal year ended 2026-05-31 · 10-K filed 2026-07-20 ↗
PEPPEPSICO INC	Watch	$10.5B10.7% of rev.	+6.4%	11.1%	5.0x	−0.4%	Capex −17.5%OCF +23.9%	16.9
Why: Debt is 5.0x free cash flow Trailing 12 months through 2026-09-05 · 10-Q filed 2026-10-08 ↗
CVICVR ENERGY INC	Watch	$351M4.1% of rev.	+17.9%	0.8%	5.1x	0.0%	Capex +1.1%OCF +321%	88.5
Why: Debt is 5.1x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
LHLABCORP HOLDINGS INC.	Watch	$1.2B8.1% of rev.	+6.4%	7.0%	5.1x	−2.3%	Capex +11.9%OCF −3.3%	26.7
Why: Debt is 5.1x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
MCDMCDONALDS CORP	Watch	$7.8B28.0% of rev.	+6.3%	31.7%	5.1x	−0.9%	Capex +23.8%OCF +15.9%	20.0
Why: Debt is 5.1x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
APGAPi Group Corp	Watch	$676M8.0% of rev.	+14.1%	4.1%	5.2x	+2.2%	Capex +34.2%OCF +20.7%	n/m
Why: Debt is 5.2x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
CVSCVS HEALTH Corp	Watch	$11.8B2.8% of rev.	+7.4%	1.2%	5.2x	+1.3%	Capex +8.4%OCF +95.3%	24.7
Why: Debt is 5.2x free cash flow Interest coverage only 2.7x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
ETNEaton Corp plc	Watch	$3.9B13.1% of rev.	+15.5%	12.8%	5.2x	−0.5%	Capex +29.1%OCF +21.9%	40.1
Why: Debt is 5.2x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
FCXFREEPORT-MCMORAN INC	Watch	$1.8B6.6% of rev.	+6.4%	17.9%	5.4x	0.0%	Capex −9.1%OCF −4.3%	—
Why: Debt is 5.4x free cash flow Note: Figures are as of 2026-03-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-08 ↗
LOWLOWES COMPANIES INC	Watch	$7.0B7.7% of rev.	+8.2%	7.3%	5.4x	0.0%	Capex +6.1%OCF −5.7%	16.6
Why: Debt is 5.4x free cash flow Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-27 ↗
MARMARRIOTT INTERNATIONAL INC /MD/	Watch	$3.1B11.6% of rev.	+4.7%	9.6%	5.4x	−3.7%	Capex −26.1%OCF +49.8%	41.8
Why: Debt is 5.4x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
AZOAUTOZONE INC	Watch	$1.6B8.2% of rev.	+5.7%	12.4%	5.5x	−2.1%	Capex +16.8%OCF −5.0%	21.7
Why: Debt is 5.5x free cash flow Trailing 12 months through 2026-05-09 · 10-Q filed 2026-06-12 ↗
OXYOCCIDENTAL PETROLEUM CORP /DE/	Watch	$4.1B19.0% of rev.	−4.9%	11.0%	5.5x	+3.4%	Capex +2.6%OCF −7.9%	38.9
Why: Debt is 5.5x free cash flow Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-18 ↗
USFDUS Foods Holding Corp.	Watch	$946M2.4% of rev.	+3.8%	1.8%	5.5x	−5.2%	Capex +22.3%OCF +7.1%	31.4
Why: Debt is 5.5x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-06 ↗
AMGNAMGEN INC	Watch	$10.2B26.7% of rev.	+9.1%	23.0%	5.6x	+0.6%	Investing heavilyCapex +63.6%OCF +3.9%	27.2
Why: Debt is 5.6x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
CVNACARVANA CO.	Watch	$929M3.7% of rev.	+54.0%	6.3%	5.6x	+3.3%	Investing heavilyCapex +75.2%OCF +54.7%	—
Why: Debt is 5.6x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
DISWalt Disney Co	Watch	$8.3B8.4% of rev.	+4.6%	8.7%	5.6x	−3.4%	Capex +14.5%OCF −11.3%	23.1
Why: Debt is 5.6x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-05 ↗
ELESTEE LAUDER COMPANIES INC	Watch	$1.3B8.7% of rev.	+5.0%	1.2%	5.6x	+1.3%	Capex −24.1%OCF +39.4%	207.4
Why: Debt is 5.6x free cash flow Interest coverage only 2.3x Fiscal year ended 2026-06-30 · 10-K filed 2026-08-19 ↗
LINLINDE PLC	Watch	$5.0B14.0% of rev.	+6.6%	20.4%	5.6x	−1.9%	Capex +13.9%OCF +5.8%	32.3
Why: Debt is 5.6x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
LVSLAS VEGAS SANDS CORP	Watch	$2.7B19.7% of rev.	+18.1%	12.6%	5.6x	−5.7%	Capex −41.2%OCF +56.8%	14.6
Why: Debt is 5.6x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-24 ↗
SGISOMNIGROUP INTERNATIONAL INC.	Watch	$769M10.1% of rev.	+27.1%	7.0%	5.7x	0.0%	Investing heavilyCapex +126%OCF +46.0%	24.9
Why: Debt is 5.7x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
PFEPFIZER INC	Watch	$11.0B17.2% of rev.	−0.2%	6.8%	5.8x	−0.1%	Capex −12.1%OCF −11.8%	39.3
Why: Debt is 5.8x free cash flow Trailing 12 months through 2026-06-28 · 10-Q filed 2026-08-04 ↗
TMOTHERMO FISHER SCIENTIFIC INC.	Watch	$7.3B15.8% of rev.	+7.2%	15.0%	5.8x	−1.9%	Capex +20.4%OCF +18.9%	37.4
Why: Debt is 5.8x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-07-31 ↗
AJGArthur J. Gallagher & Co.	Watch	$2.3B14.5% of rev.	+26.3%	10.0%	5.9x	+0.2%	Capex +10.4%OCF +15.4%	42.9
Why: Debt is 5.9x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
GMEGameStop Corp.	Watch	$688M19.4% of rev.	−7.7%	25.2%	6.1xnet cash	+8.4%	Capex +10.6%OCF +41.8%	17.3
Why: Revenue down 7.7% YoY Shares up 8.4% YoY (dilution) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-09-09 ↗
HCAHCA Healthcare, Inc.	Watch	$7.9B10.4% of rev.	+6.7%	8.9%	6.1x	−9.1%	Capex +6.8%OCF +34.1%	15.8
Why: Debt is 6.1x free cash flow Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-29 ↗
HSICHENRY SCHEIN INC	Watch	$569M4.2% of rev.	+6.5%	3.0%	6.1x	−6.7%	Capex −1.5%OCF +36.7%	24.8
Why: Debt is 6.1x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-04 ↗
SIRISIRIUS XM HOLDINGS INC.	Watch	$1.5B18.0% of rev.	+0.4%	10.2%	6.1x	−4.2%	Capex −22.5%OCF +18.4%	10.8
Why: Debt is 6.1x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
FLEXFLEX LTD.	Watch	$826M2.8% of rev.	+12.2%	3.3%	6.3x	−1.8%	Investing heavilyCapex +60.0%OCF −0.1%	33.3
Why: Debt is 6.3x free cash flow Trailing 12 months through 2026-06-26 · 10-Q filed 2026-07-31 ↗
HLFHERBALIFE LTD.	Watch	$322M6.2% of rev.	+5.5%	3.2%	6.3x	+1.2%	Capex −34.5%OCF +44.7%	8.8
Why: Debt is 6.3x free cash flow Interest coverage only 2.6x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
VFCV F CORP	Watch	$557M5.8% of rev.	+1.1%	2.7%	6.3x	+0.8%	Capex +33.0%OCF +44.3%	26.8
Why: Debt is 6.3x free cash flow Note: A newer 10-Q (period ended 2026-06-27, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-28 Fiscal year ended 2026-03-28 · 10-K filed 2026-05-20 ↗
AXTAAxalta Coating Systems Ltd.	Watch	$488M9.6% of rev.	−2.6%	7.2%	6.4x	−2.2%	Capex +26.1%OCF +21.7%	20.5
Why: Debt is 6.4x free cash flow Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-30 ↗
FBINFortune Brands Innovations, Inc.	Watch	$401M9.1% of rev.	−2.3%	3.4%	6.4x	−1.2%	Capex −36.1%OCF −8.7%	33.0
Why: Debt is 6.4x free cash flow Interest coverage only 2.7x Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-05 ↗
HONHONEYWELL INTERNATIONAL INC	Watch	$5.4B14.5% of rev.	+7.8%	12.6%	6.4x	−1.9%	Capex +13.2%OCF +5.1%	29.2
Why: Debt is 6.4x free cash flow Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-09-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-17 ↗
KRKROGER CO	Watch	$2.4B1.6% of rev.	+1.6%	0.7%	6.4x	−8.6%	Capex +13.6%OCF +11.5%	34.7
Why: Debt is 6.4x free cash flow Trailing 12 months through 2026-08-15 · 10-Q filed 2026-09-18 ↗
TRIPTripAdvisor, Inc.	Watch	$182M9.7% of rev.	+2.0%	1.0%	6.4x	−18.1%	Capex +3.2%OCF +145%	85.7
Why: Debt is 6.4x free cash flow Note: Figures are as of 2026-03-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-07 ↗
CRHCRH PUBLIC LTD CO	Watch	$2.8B7.2% of rev.	+6.3%	9.9%	6.5x	−1.3%	Capex −3.5%OCF +9.8%	15.2
Why: Debt is 6.5x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
WMWASTE MANAGEMENT INC	Watch	$3.6B13.9% of rev.	+7.2%	11.1%	6.5x	−0.5%	Capex −14.9%OCF +15.9%	32.5
Why: Debt is 6.5x free cash flow Note: Regulated utility: debt-funded capex is normal for the sector, so compare with utility peers rather than the whole list. Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
HLTHilton Worldwide Holdings Inc.	Watch	$2.0B16.3% of rev.	+8.7%	12.7%	6.6x	−4.2%	Capex −25.2%OCF −10.5%	53.2
Why: Debt is 6.6x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
DVADAVITA INC.	Watch	$1.6B11.5% of rev.	+6.4%	6.0%	6.7x	−14.6%	Capex +1.6%OCF +17.8%	14.6
Why: Debt is 6.7x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
GPCGENUINE PARTS CO	Watch	$763M3.0% of rev.	+5.3%	0.1%	6.7x	−0.8%	Capex −18.5%OCF +79.8%	479.9
Why: Debt is 6.7x free cash flow Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-20 ↗
LYVLive Nation Entertainment, Inc.	Watch	$1.4B5.3% of rev.	+10.8%	0.5%	6.7x	+4.1%	Investing heavilyCapex +64.1%OCF +39.6%	n/m
Why: Debt is 6.7x free cash flow Interest coverage only 2.3x Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
CDWCDW Corp	Watch	$860M3.7% of rev.	+7.4%	4.6%	6.8x	−3.8%	Capex +9.0%OCF −13.2%	19.0
Why: Debt is 6.8x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
TSNTYSON FOODS, INC.	Watch	$1.2B2.1% of rev.	+2.9%	1.0%	6.9x	−0.6%	Capex −10.2%OCF −10.4%	34.5
Why: Debt is 6.9x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-03 ↗
SYYSYSCO CORP	Watch	$1.9B2.3% of rev.	+3.9%	2.1%	7.0x	−1.9%	Capex −22.7%OCF +5.1%	22.4
Why: Debt is 7.0x free cash flow Fiscal year ended 2026-06-27 · 10-K filed 2026-08-21 ↗
TSCOTRACTOR SUPPLY CO /DE/	Watch	$307M1.9% of rev.	+4.0%	6.4%	7.0x	−1.4%	Capex +24.6%OCF −19.9%	17.0
Why: Debt is 7.0x free cash flow Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-06 ↗
CARRCARRIER GLOBAL Corp	Watch	$1.7B7.7% of rev.	−1.9%	6.0%	7.2x	−4.0%	Capex −11.9%OCF +110%	36.9
Why: Debt is 7.2x free cash flow Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-30 ↗
BDXBECTON DICKINSON & CO	Watch	$2.6B12.0% of rev.	+6.2%	8.0%	7.4x	−1.6%	Capex +6.9%OCF −7.8%	31.8
Why: Debt is 7.4x free cash flow Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Trailing 12 months through 2025-12-31 · 10-Q filed 2026-02-09 ↗
CCLCarnival Corp Ltd.	Watch	$3.2B11.5% of rev.	+5.2%	11.4%	7.5x	−2.4%	Capex +35.2%OCF +21.6%	12.0
Why: Debt is 7.5x free cash flow Trailing 12 months through 2026-08-31 · 10-Q filed 2026-09-29 ↗
IQVIQVIA HOLDINGS INC.	Watch	$2.1B12.7% of rev.	+7.3%	8.3%	7.5x	−4.3%	Capex −1.8%OCF −2.1%	34.3
Why: Debt is 7.5x free cash flow Interest coverage only 2.9x Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-05 ↗
VZVERIZON COMMUNICATIONS INC	Watch	$21.5B15.5% of rev.	+1.4%	11.6%	7.7x	−1.3%	Capex +1.7%OCF +4.6%	11.3
Why: Debt is 7.7x free cash flow Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
MOHMOLINA HEALTHCARE, INC.	Watch	$238M0.5% of rev.	−0.9%	−0.1%	15.8xnet cash	−1.9%	Capex −17.7%OCF —	n/m
Why: Net loss: margin −0.1% Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-22 ↗
CPNGCoupang, Inc.	Watch	$99M0.3% of rev.	+9.9%	−2.2%	26.3xnet cash	−3.0%	Capex +17.1%OCF −25.4%	n/m
Why: Net loss: margin −2.2% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
AIC3.ai, Inc.	Watch	−$156M−67.0% of rev.	−37.5%	−192%	No debt	+14.5%	Capex −59.8%OCF —	n/m
Why: Negative free cash flow (−$156M), cushioned by $651M net cash Revenue down 38% YoY Net loss: margin −192% Shares up 14% YoY (dilution) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-09 ↗
HTZHERTZ GLOBAL HOLDINGS, INC	Watch	$1.3B14.8% of rev.	−1.0%	−7.3%	No debt	+2.3%	Capex +10.6%OCF −33.8%	n/m
Why: Net loss: margin −7.3% Note: A newer 10-Q (period ended 2026-06-30, filed 2026-08-06) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-08 ↗
IEPICAHN ENTERPRISES L.P.	Watch	−$244M−2.3% of rev.	+10.6%	−5.0%	No debt	—	Capex +6.4%OCF −62.2%	—
Why: Negative free cash flow (−$244M), cushioned by $1.2B net cash Net loss: margin −5.0% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
IONQIonQ, Inc.	Watch	−$482M−196% of rev.	+371%	−553%	No debt	+46.5%	Capex +104%OCF —	n/m
Why: Negative free cash flow (−$482M), cushioned by $2.1B net cash Net loss: margin −553% Shares up 46% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-10 ↗
NETCloudflare, Inc.	Watch	$348M13.9% of rev.	+33.5%	−8.2%	No debt	+2.0%	Capex +5.9%OCF +32.6%	n/m
Why: Net loss: margin −8.2% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
PANWPalo Alto Networks Inc	Watch	$4.1B35.8% of rev.	+24.5%	2.7%	No debt	+7.8%	Investing heavilyCapex +78.1%OCF +22.5%	868.0
Why: Shares up 7.8% YoY (dilution) Fiscal year ended 2026-07-31 · 10-K filed 2026-09-10 ↗
RGTIRigetti Computing, Inc.	Watch	−$88M−656% of rev.	+68.5%	−1787%	No debt	+11.7%	Capex +128%OCF —	n/m
Why: Negative free cash flow (−$88M), cushioned by $28M net cash Net loss: margin −1787% Shares up 12% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
SEDGSOLAREDGE TECHNOLOGIES, INC.	Watch	$90M6.8% of rev.	+41.6%	−20.3%	No debt	+4.2%	Capex −66.1%OCF —	n/m
Why: Net loss: margin −20% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
SNOWSnowflake Inc.	Watch	$1.2B22.0% of rev.	+32.0%	−20.1%	No debt	+4.2%	Capex −43.4%OCF +49.6%	n/m
Why: Net loss: margin −20% Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-04 ↗
SOUNSOUNDHOUND AI, INC.	Watch	−$116M−57.0% of rev.	+54.6%	−67.5%	No debt	+9.1%	Capex +108%OCF —	n/m
Why: Negative free cash flow (−$116M), cushioned by $203M net cash Net loss: margin −67% Shares up 9.1% YoY (dilution) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-10 ↗
UUnity Software Inc.	Watch	$538M26.5% of rev.	+14.0%	−29.0%	No debt	+4.9%	Capex −40.4%OCF +45.5%	n/m
Why: Net loss: margin −29% Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
FSLRFIRST SOLAR, INC.	Healthy	$1.5B27.9% of rev.	+23.8%	32.5%	0.0xnet cash	+0.2%	Capex −47.2%OCF +621%	10.8
Why: Cash exceeds debt by $1.7B Free cash flow $1.5B (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
MUMICRON TECHNOLOGY INC	Healthy	$59.0B44.3% of rev.	+256%	63.8%	0.1xnet cash	+1.6%	Investing heavilyCapex +93.7%OCF +412%	12.3
Why: Cash exceeds debt by $38.3B Free cash flow $59.0B (44% of revenue) Fiscal year ended 2026-09-03 · 10-K filed 2026-10-09 ↗
AEOAMERICAN EAGLE OUTFITTERS INC	Healthy	$343M6.0% of rev.	+9.2%	5.9%	0.2xnet cash	−0.9%	Capex −0.9%OCF +46.3%	9.0
Why: Cash exceeds debt by $93M Free cash flow $343M (6.0% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-09-10 ↗
FTNTFortinet, Inc.	Healthy	$3.1B41.4% of rev.	+18.8%	28.2%	0.2xnet cash	−4.2%	Capex −24.2%OCF +41.5%	61.5
Why: Cash exceeds debt by $2.4B Free cash flow $3.1B (41% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
GEVGE Vernova Inc.	Healthy	$12.4B30.1% of rev.	+13.0%	23.0%	0.2xnet cash	−2.2%	Investing heavilyCapex +96.0%OCF +295%	26.6
Why: Cash exceeds debt by $10.3B Free cash flow $12.4B (30% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-22 ↗
NVDANVIDIA CORP	Healthy	$127.0B41.9% of rev.	+83.4%	63.7%	0.3x	−1.0%	Capex +46.7%OCF +74.4%	28.1
Why: Debt is 0.3x free cash flow Free cash flow $127.0B (42% of revenue) Trailing 12 months through 2026-07-26 · 10-Q filed 2026-08-26 ↗
ULTAUlta Beauty, Inc.	Healthy	$1.1B8.9% of rev.	+11.2%	9.3%	0.3x	−4.5%	Capex +21.6%OCF +20.9%	22.1
Why: Debt is 0.3x free cash flow Free cash flow $1.1B (8.9% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-08-27 ↗
ADBEADOBE INC.	Healthy	$10.6B40.8% of rev.	+12.0%	28.0%	0.4xnet cash	−6.7%	Capex +10.9%OCF +10.4%	14.2
Why: Cash exceeds debt by $873M Free cash flow $10.6B (41% of revenue) Trailing 12 months through 2026-08-28 · 10-Q filed 2026-09-22 ↗
AMDADVANCED MICRO DEVICES INC	Healthy	$8.4B20.3% of rev.	+39.5%	15.6%	0.4xnet cash	+1.8%	Investing heavilyCapex +101%OCF +107%	141.7
Why: Cash exceeds debt by $9.9B Free cash flow $8.4B (20% of revenue) Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-05 ↗
EWEdwards Lifesciences Corp	Healthy	$1.4B22.0% of rev.	+14.6%	15.4%	0.4xnet cash	−1.8%	Capex +38.5%OCF +116%	51.4
Why: Cash exceeds debt by $3.7B Free cash flow $1.4B (22% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
IDXXIDEXX LABORATORIES INC /DE	Healthy	$1.3B27.5% of rev.	+12.8%	25.0%	0.4x	−2.1%	Capex −3.5%OCF +51.4%	38.9
Why: Debt is 0.4x free cash flow Free cash flow $1.3B (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
RMDRESMED INC	Healthy	$1.6B29.2% of rev.	+9.9%	26.9%	0.4xnet cash	−0.9%	Investing heavilyCapex +73.9%OCF +3.1%	23.6
Why: Cash exceeds debt by $810M Free cash flow $1.6B (29% of revenue) Fiscal year ended 2026-06-30 · 10-K filed 2026-08-13 ↗
CRWDCrowdStrike Holdings, Inc.	Healthy	$1.5B28.3% of rev.	+24.3%	—	0.5xnet cash	+4.5%	Capex +39.9%OCF +45.2%	n/m
Why: Cash exceeds debt by $4.3B Free cash flow $1.5B (28% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-27 ↗
NEMNEWMONT Corp /DE/	Healthy	$9.7B37.8% of rev.	+25.2%	33.4%	0.5xnet cash	−4.0%	Capex −11.0%OCF +47.3%	14.8
Why: Cash exceeds debt by $3.9B Free cash flow $9.7B (38% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
REGNREGENERON PHARMACEUTICALS, INC.	Healthy	$3.8B24.2% of rev.	+9.3%	27.9%	0.5xnet cash	−2.4%	Capex +3.5%OCF −1.3%	19.9
Why: Cash exceeds debt by $6.0B Free cash flow $3.8B (24% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
TJXTJX COMPANIES INC /DE/	Healthy	$5.9B9.4% of rev.	+7.7%	9.7%	0.5xnet cash	−1.0%	Capex +13.9%OCF +35.4%	27.0
Why: Cash exceeds debt by $3.1B Free cash flow $5.9B (9.4% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-08-28 ↗
AAPLApple Inc.	Healthy	$136.7B29.3% of rev.	+14.2%	27.6%	0.6x	−1.6%	Capex −18.9%OCF +35.1%	39.4
Why: Debt is 0.6x free cash flow Free cash flow $136.7B (29% of revenue) Trailing 12 months through 2026-06-27 · 10-Q filed 2026-07-31 ↗
MSFTMICROSOFT CORPReports Wed, Oct 28	Healthy	$67.0B20.2% of rev.	+17.8%	40.3%	0.6xnet cash	−0.2%	Investing heavilyCapex +79.6%OCF +34.4%	29.7
Why: Cash exceeds debt by $36.5B Free cash flow $67.0B (20% of revenue) Fiscal year ended 2026-06-30 · 10-K filed 2026-07-29 ↗
STRLSTERLING INFRASTRUCTURE, INC.	Healthy	$482M14.0% of rev.	+60.8%	12.5%	0.6xnet cash	+1.2%	Investing heavilyCapex +90.0%OCF +20.3%	29.7
Why: Cash exceeds debt by $181M Free cash flow $482M (14% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
BBYBEST BUY CO INC	Healthy	$1.8B4.2% of rev.	+1.4%	3.0%	0.7xnet cash	+0.3%	Capex −0.7%OCF +19.9%	15.7
Why: Cash exceeds debt by $1.1B Free cash flow $1.8B (4.2% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-09-04 ↗
COSTCOSTCO WHOLESALE CORP /NEW	Healthy	$9.4B3.1% of rev.	+10.1%	3.0%	0.7xnet cash	−0.1%	Capex +17.0%OCF +18.6%	48.1
Why: Cash exceeds debt by $15.1B Free cash flow $9.4B (3.1% of revenue) Fiscal year ended 2026-08-30 · 10-K filed 2026-10-07 ↗
LRCXLAM RESEARCH CORP	Healthy	$4.9B21.1% of rev.	+26.0%	31.3%	0.8xnet cash	−2.3%	Capex +27.3%OCF −5.1%	45.3
Why: Cash exceeds debt by $1.9B Free cash flow $4.9B (21% of revenue) Fiscal year ended 2026-06-28 · 10-K filed 2026-08-07 ↗
ACNAccenture plc	Healthy	$11.6B15.7% of rev.	+6.5%	11.3%	0.9xnet cash	−3.8%	Capex +23.8%OCF +7.7%	17.7
Why: Cash exceeds debt by $2.7B Free cash flow $11.6B (16% of revenue) Fiscal year ended 2026-08-31 · 10-K filed 2026-10-16 ↗
ADPAUTOMATIC DATA PROCESSING INC	Healthy	$5.2B23.9% of rev.	+6.7%	20.1%	0.9x	−1.3%	Capex +16.5%OCF +10.2%	26.9
Why: Debt is 0.9x free cash flow Free cash flow $5.2B (24% of revenue) Fiscal year ended 2026-06-30 · 10-K filed 2026-08-05 ↗
DDOGDatadog, Inc.	Healthy	$1.1B27.0% of rev.	+31.5%	4.5%	0.9xnet cash	+3.4%	Capex +40.5%OCF +27.3%	546.1
Why: Cash exceeds debt by $4.0B Free cash flow $1.1B (27% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
DXCMDEXCOM INC	Healthy	$1.4B28.3% of rev.	+15.5%	20.1%	0.9x	−4.4%	Capex −17.6%OCF +77.0%	31.7
Why: Debt is 0.9x free cash flow Free cash flow $1.4B (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
INTUINTUIT INC.	Healthy	$8.6B40.2% of rev.	+13.9%	21.3%	0.9x	−2.1%	Investing heavilyCapex +78.2%OCF +42.4%	20.4
Why: Debt is 0.9x free cash flow Free cash flow $8.6B (40% of revenue) Fiscal year ended 2026-07-31 · 10-K filed 2026-09-09 ↗
MELIMERCADOLIBRE INC	Healthy	$12.4B35.3% of rev.	+46.0%	5.3%	0.9x	0.0%	Capex +37.6%OCF +64.1%	50.5
Why: Debt is 0.9x free cash flow Free cash flow $12.4B (35% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
ADSKAutodesk, Inc.	Healthy	$2.8B36.4% of rev.	+17.9%	21.1%	1.0xnet cash	−1.9%	Capex +39.0%OCF +50.4%	31.7
Why: Cash exceeds debt by $1.2B Free cash flow $2.8B (36% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-28 ↗
CHWYChewy, Inc.	Healthy	$568M4.3% of rev.	+5.9%	2.1%	1.0xnet cash	−4.3%	Capex +0.5%OCF +17.3%	32.8
Why: Cash exceeds debt by $21M Free cash flow $568M (4.3% of revenue) Trailing 12 months through 2026-08-02 · 10-Q filed 2026-09-09 ↗
TWLOTWILIO INC	Healthy	$989M17.7% of rev.	+17.8%	20.6%	1.0xnet cash	0.0%	Capex +27.6%OCF +35.8%	36.8
Why: Cash exceeds debt by $1.7B Free cash flow $989M (18% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
EOGEOG RESOURCES INC	Healthy	$7.2B26.6% of rev.	+19.1%	25.4%	1.1x	−3.1%	Capex +10.2%OCF +25.2%	12.3
Why: Debt is 1.1x free cash flow Free cash flow $7.2B (27% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
VVISA INC.Reports Tue, Oct 27	Healthy	$21.2B49.2% of rev.	+14.4%	51.7%	1.1x	—	Capex +13.8%OCF +4.0%	—
Why: Debt is 1.1x free cash flow Free cash flow $21.2B (49% of revenue) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-29 ↗
WDAYWorkday, Inc.	Healthy	$2.8B28.0% of rev.	+13.3%	12.3%	1.1xnet cash	−8.8%	Capex +20.3%OCF +18.9%	41.3
Why: Cash exceeds debt by $414M Free cash flow $2.8B (28% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-27 ↗
CTASCINTAS CORP	Healthy	$2.0B17.6% of rev.	+9.5%	17.8%	1.2x	−1.2%	Capex −4.1%OCF +14.8%	43.4
Why: Debt is 1.2x free cash flow Free cash flow $2.0B (18% of revenue) Trailing 12 months through 2026-08-31 · 10-Q filed 2026-10-07 ↗
EXPEExpedia Group, Inc.	Healthy	$4.5B28.4% of rev.	+12.0%	13.0%	1.2xnet cash	−7.7%	Capex −3.1%OCF +87.8%	18.0
Why: Cash exceeds debt by $1.7B Free cash flow $4.5B (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
QCOMQUALCOMM INC/DE	Healthy	$10.4B23.6% of rev.	+1.9%	21.0%	1.2x	−2.7%	Investing heavilyCapex +90.7%OCF −2.1%	20.3
Why: Debt is 1.2x free cash flow Free cash flow $10.4B (24% of revenue) Trailing 12 months through 2026-06-28 · 10-Q filed 2026-07-29 ↗
RLRALPH LAUREN CORP	Healthy	$1.0B12.5% of rev.	+14.7%	11.8%	1.2xnet cash	−1.9%	Capex −25.9%OCF +16.2%	24.0
Why: Cash exceeds debt by $702M Free cash flow $1.0B (12% of revenue) Trailing 12 months through 2026-06-27 · 10-Q filed 2026-08-06 ↗
DASHDoorDash, Inc.	Healthy	$2.1B13.5% of rev.	+33.6%	5.3%	1.3xnet cash	+0.2%	Capex +45.5%OCF +29.3%	96.5
Why: Cash exceeds debt by $2.6B Free cash flow $2.1B (13% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
GDGENERAL DYNAMICS CORP	Healthy	$6.2B11.5% of rev.	+9.3%	8.1%	1.3x	+0.9%	Capex +35.9%OCF +75.0%	—
Why: Debt is 1.3x free cash flow Free cash flow $6.2B (12% of revenue) Note: A newer 10-Q (period ended 2026-07-05, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-04-05 Trailing 12 months through 2026-04-05 · 10-Q filed 2026-04-29 ↗
KSSKOHLS Corp	Healthy	$1.0B6.7% of rev.	−2.9%	1.7%	1.3x	+3.5%	Capex −25.5%OCF +49.1%	9.5
Why: Debt is 1.3x free cash flow Free cash flow $1.0B (6.7% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-09-03 ↗
NFLXNETFLIX INC	Healthy	$11.4B22.9% of rev.	+14.7%	29.7%	1.3x	−3.3%	Investing heavilyCapex +53.5%OCF +28.5%	18.8
Why: Debt is 1.3x free cash flow Free cash flow $11.4B (23% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-21 ↗
TPRTAPESTRY, INC.	Healthy	$1.8B22.6% of rev.	+14.2%	19.1%	1.3x	−5.5%	Capex +35.3%OCF +62.6%	15.8
Why: Debt is 1.3x free cash flow Free cash flow $1.8B (23% of revenue) Fiscal year ended 2026-06-27 · 10-K filed 2026-08-13 ↗
TTTrane Technologies plc	Healthy	$3.5B16.0% of rev.	+7.0%	13.3%	1.3x	−1.2%	Capex −21.9%OCF +19.9%	35.7
Why: Debt is 1.3x free cash flow Free cash flow $3.5B (16% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
UBERUber Technologies, Inc	Healthy	$10.1B18.3% of rev.	+16.7%	17.3%	1.3x	−3.5%	Capex +23.7%OCF +18.6%	14.8
Why: Debt is 1.3x free cash flow Free cash flow $10.1B (18% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
AMATAPPLIED MATERIALS INC /DE	Healthy	$5.6B18.2% of rev.	+7.8%	30.1%	1.4xnet cash	−0.2%	Capex +47.3%OCF +9.0%	35.3
Why: Cash exceeds debt by $1.5B Free cash flow $5.6B (18% of revenue) Trailing 12 months through 2026-07-26 · 10-Q filed 2026-08-20 ↗
EXEEXPAND ENERGY Corp	Healthy	$2.7B19.7% of rev.	+59.3%	20.5%	1.4x	−0.9%	Capex +44.9%OCF +75.5%	8.0
Why: Debt is 1.4x free cash flow Free cash flow $2.7B (20% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
XOMExxonMobil Holdings Corp	Healthy	$30.6B8.3% of rev.	+9.1%	8.9%	1.4x	−3.6%	Capex +15.9%OCF +10.0%	22.9
Why: Debt is 1.4x free cash flow Free cash flow $30.6B (8.3% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
ARANTERO RESOURCES Corp	Healthy	$1.8B29.0% of rev.	+25.5%	18.3%	1.5x	−0.8%	Investing heavilyCapex +96.1%OCF +41.9%	11.0
Why: Debt is 1.5x free cash flow Free cash flow $1.8B (29% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
AVGOBroadcom Inc.	Healthy	$39.4B44.2% of rev.	+48.7%	42.9%	1.5x	+0.6%	Investing heavilyCapex +146%OCF +59.8%	43.1
Why: Debt is 1.5x free cash flow Free cash flow $39.4B (44% of revenue) Trailing 12 months through 2026-08-02 · 10-Q filed 2026-09-10 ↗
DLTRDOLLAR TREE, INC.	Healthy	$2.0B9.9% of rev.	+8.2%	8.0%	1.5x	−8.1%	Capex +0.8%OCF +48.8%	15.4
Why: Debt is 1.5x free cash flow Free cash flow $2.0B (9.9% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-08-27 ↗
MAMastercard IncReports Thu, Oct 29	Healthy	$16.7B47.6% of rev.	+16.0%	46.3%	1.5x	−2.9%	Investing heavilyCapex +83.3%OCF +2.9%	34.2
Why: Debt is 1.5x free cash flow Free cash flow $16.7B (48% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
MCKMCKESSON CORP	Healthy	$6.4B1.6% of rev.	+8.8%	1.1%	1.5x	−5.0%	Capex −19.4%OCF +4.7%	27.2
Why: Debt is 1.5x free cash flow Free cash flow $6.4B (1.6% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
XYZBlock, Inc.	Healthy	$3.9B15.5% of rev.	+5.1%	1.4%	1.5xnet cash	−1.6%	Capex +19.7%OCF +236%	139.6
Why: Cash exceeds debt by $707M Free cash flow $3.9B (16% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
GPSGAP INC	Healthy	$957M6.2% of rev.	+1.1%	8.1%	1.6xnet cash	−4.5%	Capex +29.6%OCF +26.3%	6.8
Why: Cash exceeds debt by $992M Free cash flow $957M (6.2% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-08-28 ↗
ILMNILLUMINA, INC.	Healthy	$931M20.7% of rev.	+4.9%	18.3%	1.6x	−2.5%	Capex +33.3%OCF −5.1%	52.8
Why: Debt is 1.6x free cash flow Free cash flow $931M (21% of revenue) Trailing 12 months through 2026-06-28 · 10-Q filed 2026-07-31 ↗
KLACKLA CORP	Healthy	$3.8B27.7% of rev.	+11.7%	35.6%	1.6x	−1.3%	Capex +12.1%OCF +1.5%	44.6
Why: Debt is 1.6x free cash flow Free cash flow $3.8B (28% of revenue) Fiscal year ended 2026-06-30 · 10-K filed 2026-08-06 ↗
NOWServiceNow, Inc.Reports Wed, Oct 28	Healthy	$4.6B31.1% of rev.	+22.2%	11.3%	1.6x	−1.2%	Capex −14.4%OCF +13.0%	95.7
Why: Debt is 1.6x free cash flow Free cash flow $4.6B (31% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
NTNXNutanix, Inc.	Healthy	$841M29.5% of rev.	+12.4%	52.8%	1.6xnet cash	−0.6%	Capex +6.6%OCF +11.6%	13.6
Why: Cash exceeds debt by $1.0B Free cash flow $841M (29% of revenue) Fiscal year ended 2026-07-31 · 10-K filed 2026-09-18 ↗
CDNSCADENCE DESIGN SYSTEMS INC	Healthy	$1.4B25.9% of rev.	+13.4%	21.2%	1.7x	0.0%	Capex +44.5%OCF +6.9%	76.0
Why: Debt is 1.7x free cash flow Free cash flow $1.4B (26% of revenue) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-01 ↗
CNRCore Natural Resources, Inc.	Healthy	$260M6.1% of rev.	+28.7%	2.3%	1.7xnet cash	−3.7%	Capex +30.5%OCF +43.7%	44.0
Why: Cash exceeds debt by $26M Free cash flow $260M (6.1% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
DALDELTA AIR LINES, INC.	Healthy	$7.1B9.9% of rev.	+14.1%	4.6%	1.7x	+0.8%	Capex −9.3%OCF +0.3%	15.5
Why: Debt is 1.7x free cash flow Free cash flow $7.1B (9.9% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-09 ↗
KEYSKeysight Technologies, Inc.	Healthy	$1.5B22.3% of rev.	+25.5%	19.1%	1.7xnet cash	0.0%	Capex +5.5%OCF +4.0%	46.9
Why: Cash exceeds debt by $88M Free cash flow $1.5B (22% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-02 ↗
MMacy's, Inc.	Healthy	$1.4B6.2% of rev.	+0.4%	3.3%	1.7x	−1.4%	Capex −18.5%OCF +26.1%	8.6
Why: Debt is 1.7x free cash flow Free cash flow $1.4B (6.2% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-09-10 ↗
PYPLPayPal Holdings, Inc.	Healthy	$5.5B16.3% of rev.	+5.8%	15.0%	1.7x	−7.9%	Capex +22.3%OCF −4.5%	10.7
Why: Debt is 1.7x free cash flow Free cash flow $5.5B (16% of revenue) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-05-05 ↗
VRSNVERISIGN INC/CA	Healthy	$1.1B62.4% of rev.	+6.9%	49.8%	1.7x	−3.1%	Capex +22.6%OCF +12.5%	—
Why: Debt is 1.7x free cash flow Free cash flow $1.1B (62% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
ADIANALOG DEVICES INC	Healthy	$4.9B35.6% of rev.	+33.6%	29.8%	1.8x	−1.6%	Capex +25.6%OCF +33.2%	48.2
Why: Debt is 1.8x free cash flow Free cash flow $4.9B (36% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-08-19 ↗
CROXCrocs, Inc.	Healthy	$705M17.4% of rev.	−2.0%	14.6%	1.9x	−11.0%	Capex −15.3%OCF −8.9%	10.5
Why: Debt is 1.9x free cash flow Free cash flow $705M (17% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
CRSCARPENTER TECHNOLOGY CORP	Healthy	$362M11.6% of rev.	+8.6%	17.0%	1.9x	−0.8%	Investing heavilyCapex +57.3%OCF +37.4%	35.0
Why: Debt is 1.9x free cash flow Free cash flow $362M (12% of revenue) Fiscal year ended 2026-06-30 · 10-K filed 2026-08-12 ↗
GOOGLAlphabet Inc.Reports Wed, Oct 28	Healthy	$53.3B11.9% of rev.	+20.1%	54.8%	1.9xnet cash	+0.9%	Investing heavilyCapex +97.7%OCF +38.9%	16.6
Why: Cash exceeds debt by $142.3B Free cash flow $53.3B (12% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
PHParker-Hannifin Corp	Healthy	$3.9B18.2% of rev.	+8.3%	17.0%	1.9x	−1.6%	Capex +5.5%OCF +15.6%	33.6
Why: Debt is 1.9x free cash flow Free cash flow $3.9B (18% of revenue) Fiscal year ended 2026-06-30 · 10-K filed 2026-08-21 ↗
CLCOLGATE PALMOLIVE CO	Healthy	$3.9B18.3% of rev.	+5.2%	9.7%	2.0x	−1.4%	Capex +8.7%OCF +13.7%	36.8
Why: Debt is 2.0x free cash flow Free cash flow $3.9B (18% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
KMXCARMAX INC	Healthy	$1.1B4.1% of rev.	+4.8%	1.1%	2.0x	−4.8%	Capex −13.3%OCF +32.4%	24.2
Why: Debt is 2.0x free cash flow Free cash flow $1.1B (4.1% of revenue) Note: Balance-sheet debt lines (2.3B) are well below disclosed debt instruments (17.4B); figures use the balance-sheet lines Trailing 12 months through 2026-08-31 · 10-Q filed 2026-09-30 ↗
BKNGBooking Holdings Inc.	Healthy	$9.5B33.8% of rev.	+12.9%	25.5%	2.1x	−5.5%	Capex −5.3%OCF +2.9%	—
Why: Debt is 2.1x free cash flow Free cash flow $9.5B (34% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
JNJJOHNSON & JOHNSON	Healthy	$20.6B20.7% of rev.	+7.8%	16.2%	2.2x	+0.8%	Capex +20.9%OCF +8.1%	39.2
Why: Debt is 2.2x free cash flow Free cash flow $20.6B (21% of revenue) Trailing 12 months through 2026-09-27 · 10-Q filed 2026-10-21 ↗
CSCOCISCO SYSTEMS, INC.	Healthy	$12.8B20.2% of rev.	+11.8%	21.0%	2.3x	−0.3%	Investing heavilyCapex +55.8%OCF −0.1%	32.2
Why: Debt is 2.3x free cash flow Free cash flow $12.8B (20% of revenue) Fiscal year ended 2026-07-25 · 10-K filed 2026-09-02 ↗
DGDOLLAR GENERAL CORP	Healthy	$2.0B4.6% of rev.	+4.8%	3.9%	2.3x	+0.3%	Capex −0.2%OCF +5.0%	17.2
Why: Debt is 2.3x free cash flow Free cash flow $2.0B (4.6% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-27 ↗
MCOMOODYS CORP /DE/	Healthy	$3.0B36.4% of rev.	+9.0%	35.3%	2.3x	−3.5%	Capex +10.3%OCF +22.5%	29.3
Why: Debt is 2.3x free cash flow Free cash flow $3.0B (36% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-21 ↗
PGPROCTER & GAMBLE Co	Healthy	$15.1B17.4% of rev.	+3.3%	18.4%	2.3x	−1.3%	Capex +16.9%OCF +9.8%	23.7
Why: Debt is 2.3x free cash flow Free cash flow $15.1B (17% of revenue) Fiscal year ended 2026-06-30 · 10-K filed 2026-08-04 ↗
GEGENERAL ELECTRIC CO	Healthy	$8.0B15.3% of rev.	+19.6%	17.3%	2.4x	−2.3%	Capex +29.2%OCF +25.1%	34.2
Why: Debt is 2.4x free cash flow Free cash flow $8.0B (15% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-20 ↗
HPQHP INC	Healthy	$3.9B6.6% of rev.	+8.1%	4.1%	2.4x	−2.8%	Capex −7.7%OCF +26.3%	12.0
Why: Debt is 2.4x free cash flow Free cash flow $3.9B (6.6% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-27 ↗
LMTLOCKHEED MARTIN CORP	Healthy	$8.7B11.3% of rev.	+7.2%	8.2%	2.4x	−1.4%	Capex −4.0%OCF +105%	20.4
Why: Debt is 2.4x free cash flow Free cash flow $8.7B (11% of revenue) Trailing 12 months through 2026-06-28 · 10-Q filed 2026-07-23 ↗
MTDMETTLER TOLEDO INTERNATIONAL INC/	Healthy	$864M20.9% of rev.	+6.9%	21.9%	2.4x	−2.8%	Capex +7.1%OCF +2.5%	37.8
Why: Debt is 2.4x free cash flow Free cash flow $864M (21% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
SPGIS&P Global Inc.	Healthy	$5.6B35.3% of rev.	+8.5%	30.4%	2.4x	−3.3%	Capex +25.2%OCF +0.7%	28.0
Why: Debt is 2.4x free cash flow Free cash flow $5.6B (35% of revenue) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-28 ↗
TSLATesla, Inc.	Healthy	$3.3B3.2% of rev.	+8.3%	3.1%	2.4xnet cash	+0.4%	Investing heavilyCapex +72.8%OCF +18.8%	424.9
Why: Cash exceeds debt by $37.5B Free cash flow $3.3B (3.2% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-22 ↗
FERGFerguson Enterprises Inc. /DE/	Healthy	$1.6B5.3% of rev.	+4.9%	6.3%	2.5x	−2.3%	Capex −3.4%OCF +20.0%	23.1
Why: Debt is 2.5x free cash flow Free cash flow $1.6B (5.3% of revenue) Note: Figures are as of 2025-10-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Trailing 12 months through 2025-10-31 · 10-Q filed 2025-12-09 ↗
HSYHERSHEY CO	Healthy	$2.2B18.3% of rev.	+7.7%	12.2%	2.5x	—	Capex −13.1%OCF +23.8%	—
Why: Debt is 2.5x free cash flow Free cash flow $2.2B (18% of revenue) Trailing 12 months through 2026-06-28 · 10-Q filed 2026-07-30 ↗
MNROMONRO, INC.	Healthy	$39M3.4% of rev.	−3.2%	0.2%	2.5x	+0.2%	Capex +20.1%OCF −46.6%	474.7
Why: Debt is 2.5x free cash flow Free cash flow $39M (3.4% of revenue) Note: A newer 10-Q (period ended 2026-06-27, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-28 Fiscal year ended 2026-03-28 · 10-K filed 2026-05-27 ↗
MPCMarathon Petroleum Corp	Healthy	$12.9B8.4% of rev.	+15.0%	5.6%	2.5x	−5.5%	Capex +49.9%OCF +165%	16.3
Why: Debt is 2.5x free cash flow Free cash flow $12.9B (8.4% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
BIIBBIOGEN INC.	Healthy	$2.4B24.4% of rev.	+1.2%	13.8%	2.6x	+1.2%	Capex +15.9%OCF +0.4%	25.9
Why: Debt is 2.6x free cash flow Free cash flow $2.4B (24% of revenue) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-29 ↗
CRMSalesforce, Inc.	Healthy	$15.2B34.5% of rev.	+11.2%	22.0%	2.6x	−14.7%	Capex −11.3%OCF +19.6%	22.1
Why: Debt is 2.6x free cash flow Free cash flow $15.2B (34% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-27 ↗
TXNTEXAS INSTRUMENTS INC	Healthy	$5.4B27.5% of rev.	+16.7%	31.1%	2.6x	+0.9%	Capex −32.9%OCF +34.6%	43.3
Why: Debt is 2.6x free cash flow Free cash flow $5.4B (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-24 ↗
MOALTRIA GROUP, INC.	Healthy	$9.1B38.8% of rev.	−0.6%	34.0%	2.7x	−0.8%	Investing heavilyCapex +100%OCF +6.0%	15.5
Why: Debt is 2.7x free cash flow Free cash flow $9.1B (39% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
CPAYCORPAY, INC.	Healthy	$1.6B32.6% of rev.	+20.4%	22.7%	2.8x	−7.1%	Capex +11.5%OCF −12.7%	24.8
Why: Debt is 2.8x free cash flow Free cash flow $1.6B (33% of revenue) Note: Balance-sheet debt lines (4.6B) are well below disclosed debt instruments (10.6B); figures use the balance-sheet lines Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-10 ↗
METAMeta Platforms, Inc.	Healthy	$28.6B11.9% of rev.	+27.5%	31.1%	2.9x	0.0%	Investing heavilyCapex +66.5%OCF +23.7%	23.8
Why: Debt is 2.9x free cash flow Free cash flow $28.6B (12% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-22 ↗
LLYELI LILLY & CoReports Thu, Oct 29	Healthy	$18.2B22.8% of rev.	+49.6%	33.5%	3.0x	−0.7%	Investing heavilyCapex +63.4%OCF +157%	42.7
Why: Debt is 3.0x free cash flow Free cash flow $18.2B (23% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
ONON SEMICONDUCTOR CORP	Healthy	$1.5B24.2% of rev.	−3.1%	10.2%	3.0x	−2.5%	Capex −68.5%OCF −8.7%	50.3
Why: Debt is 3.0x free cash flow Free cash flow $1.5B (24% of revenue) Trailing 12 months through 2026-07-03 · 10-Q filed 2026-08-03 ↗
AAGILENT TECHNOLOGIES, INC.	Healthy	$1.3B17.2% of rev.	+8.6%	19.5%	3.1x	−0.7%	Capex −16.0%OCF +7.6%	35.1
Why: Debt is 3.1x free cash flow Free cash flow $1.3B (17% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-01 ↗
UNHUNITEDHEALTH GROUP INC	Healthy	$23.6B5.2% of rev.	+6.5%	3.1%	3.1x	−0.4%	Capex −7.8%OCF −6.7%	26.8
Why: Debt is 3.1x free cash flow Free cash flow $23.6B (5.2% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-10 ↗
PODDINSULET CORP	Healthy	$294M9.6% of rev.	+29.4%	12.3%	3.2x	−1.8%	Investing heavilyCapex +95.6%OCF −0.9%	26.6
Why: Debt is 3.2x free cash flow Free cash flow $294M (9.6% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
SYKSTRYKER CORP	Healthy	$4.7B18.2% of rev.	+8.5%	14.4%	3.2x	−0.1%	Capex +10.9%OCF +15.9%	30.8
Why: Debt is 3.2x free cash flow Free cash flow $4.7B (18% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
HASHASBRO, INC.	Healthy	$1.1B19.3% of rev.	+15.6%	14.1%	3.3x	+2.0%	Capex +5.4%OCF +86.2%	20.3
Why: Debt is 3.3x free cash flow Free cash flow $1.1B (19% of revenue) Trailing 12 months through 2026-06-28 · 10-Q filed 2026-07-30 ↗
ITWILLINOIS TOOL WORKS INC	Healthy	$2.9B17.7% of rev.	+4.3%	19.4%	3.3x	−2.0%	Capex −3.3%OCF +5.8%	25.1
Why: Debt is 3.3x free cash flow Free cash flow $2.9B (18% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
ORLYO REILLY AUTOMOTIVE INC	Healthy	$2.2B11.6% of rev.	+8.5%	14.3%	3.3x	−3.4%	Capex −0.3%OCF +13.1%	28.3
Why: Debt is 3.3x free cash flow Free cash flow $2.2B (12% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
TEVATEVA PHARMACEUTICAL INDUSTRIES LTD	Healthy	$1.3B7.8% of rev.	+4.1%	4.1%	3.3x	+0.3%	Capex +10.2%OCF +36.5%	67.7
Why: Debt is 3.3x free cash flow Free cash flow $1.3B (7.8% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
MRKMerck & Co., Inc.	Healthy	$16.1B24.1% of rev.	+4.6%	4.8%	3.4x	−1.7%	Capex +2.4%OCF +7.7%	119.9
Why: Debt is 3.4x free cash flow Free cash flow $16.1B (24% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
MSIMotorola Solutions, Inc.	Healthy	$2.7B21.9% of rev.	+10.3%	17.4%	3.4x	−0.9%	Capex +30.3%OCF +13.9%	36.8
Why: Debt is 3.4x free cash flow Free cash flow $2.7B (22% of revenue) Trailing 12 months through 2026-07-04 · 10-Q filed 2026-08-05 ↗
TGTTARGET CORP	Healthy	$4.5B4.1% of rev.	+2.0%	4.1%	3.4x	+0.2%	Capex +24.0%OCF +36.6%	15.8
Why: Debt is 3.4x free cash flow Free cash flow $4.5B (4.1% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-08-28 ↗
BSXBOSTON SCIENTIFIC CORP	Healthy	$3.6B17.3% of rev.	+13.5%	17.5%	3.5x	−1.3%	Capex +13.0%OCF +5.7%	18.0
Why: Debt is 3.5x free cash flow Free cash flow $3.6B (17% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
GLWCORNING INC /NY	Healthy	$2.4B14.1% of rev.	+19.4%	11.2%	3.5x	+1.2%	Investing heavilyCapex +54.0%OCF +79.5%	62.2
Why: Debt is 3.5x free cash flow Free cash flow $2.4B (14% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
HDHOME DEPOT, INC.	Healthy	$15.1B8.9% of rev.	+2.5%	8.4%	3.5x	+0.2%	Capex +1.0%OCF +5.1%	22.0
Why: Debt is 3.5x free cash flow Free cash flow $15.1B (8.9% of revenue) Trailing 12 months through 2026-08-02 · 10-Q filed 2026-08-25 ↗
KOCOCA COLA CO	Healthy	$12.6B25.5% of rev.	+5.1%	27.8%	3.5x	0.0%	Capex +3.3%OCF +1261%	29.1
Why: Debt is 3.5x free cash flow Free cash flow $12.6B (25% of revenue) Note: A newer 10-Q (period ended 2026-07-03, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-04-03 Trailing 12 months through 2026-04-03 · 10-Q filed 2026-04-30 ↗
SBUXSTARBUCKS CORP	Healthy	$3.6B9.5% of rev.	+4.5%	5.2%	3.6x	+0.4%	Capex −49.2%OCF +1.7%	56.9
Why: Debt is 3.6x free cash flow Free cash flow $3.6B (9.5% of revenue) Trailing 12 months through 2026-06-28 · 10-Q filed 2026-07-29 ↗
NKENIKE, Inc.	Healthy	$2.1B4.6% of rev.	−1.2%	6.7%	3.7x	+0.4%	Capex +30.8%OCF −21.1%	18.0
Why: Debt is 3.7x free cash flow Free cash flow $2.1B (4.6% of revenue) Trailing 12 months through 2026-08-31 · 10-Q filed 2026-10-02 ↗
WMTWalmart Inc.	Healthy	$13.5B1.8% of rev.	+6.2%	3.0%	3.7x	−0.5%	Capex +19.2%OCF +11.7%	42.7
Why: Debt is 3.7x free cash flow Free cash flow $13.5B (1.8% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-28 ↗
BMYBRISTOL MYERS SQUIBB CO	Healthy	$11.4B23.3% of rev.	+3.1%	18.9%	3.8x	+0.5%	Capex +1.4%OCF −19.6%	13.5
Why: Debt is 3.8x free cash flow Free cash flow $11.4B (23% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
EMREMERSON ELECTRIC CO	Healthy	$3.5B18.6% of rev.	+4.8%	13.8%	3.8x	−0.6%	Capex +4.9%OCF +23.3%	35.7
Why: Debt is 3.8x free cash flow Free cash flow $3.5B (19% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
SHWSHERWIN WILLIAMS CO	Healthy	$3.2B13.2% of rev.	+5.8%	11.0%	3.8x	−2.1%	Capex −25.7%OCF +27.0%	31.1
Why: Debt is 3.8x free cash flow Free cash flow $3.2B (13% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-28 ↗
ABBVAbbVie Inc.	Healthy	$18.2B28.3% of rev.	+10.4%	9.8%	3.9x	0.0%	Capex +24.2%OCF +1.2%	80.4
Why: Debt is 3.9x free cash flow Free cash flow $18.2B (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-03 ↗
ENPHEnphase Energy, Inc.	Healthy	$145M10.4% of rev.	−1.6%	9.6%	3.9xnet cash	−3.6%	Capex +12.5%OCF −62.8%	31.7
Why: Cash exceeds debt by $358M Free cash flow $145M (10% of revenue) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-28) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-28 ↗
PMPhilip Morris International Inc.	Healthy	$12.7B29.9% of rev.	+8.9%	25.6%	3.9x	+0.1%	Capex +8.8%OCF +37.1%	28.4
Why: Debt is 3.9x free cash flow Free cash flow $12.7B (30% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-24 ↗
RTXRTX Corp	Healthy	$9.5B9.9% of rev.	+11.6%	8.8%	3.9x	+0.7%	Capex +7.6%OCF +56.2%	31.2
Why: Debt is 3.9x free cash flow Free cash flow $9.5B (9.9% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-20 ↗
UANCVR PARTNERS, LP	Healthy	$145M21.4% of rev.	+17.5%	23.7%	3.9x	0.0%	Investing heavilyCapex +74.9%OCF +18.3%	8.3
Why: Debt is 3.9x free cash flow Free cash flow $145M (21% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-29 ↗
APHAMPHENOL CORP /DE/	Healthy	$4.7B16.2% of rev.	+54.2%	17.7%	4.0x	+1.3%	Capex +26.5%OCF +57.3%	19.8
Why: Debt is 4.0x free cash flow Free cash flow $4.7B (16% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
NOCNORTHROP GRUMMAN CORP /DE/	Healthy	$3.8B8.8% of rev.	+6.5%	10.4%	4.0x	−0.8%	Capex −10.4%OCF +53.2%	17.0
Why: Debt is 4.0x free cash flow Free cash flow $3.8B (8.8% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-20 ↗
ZTSZoetis Inc.	Healthy	$2.3B24.1% of rev.	+2.3%	28.2%	4.0x	−2.4%	Capex −5.2%OCF −1.7%	13.2
Why: Debt is 4.0x free cash flow Free cash flow $2.3B (24% of revenue) Note: Figures are as of 2025-12-31: the newer 10-Q (period ended 2026-06-30) recast prior-year numbers (e.g. discontinued operations), so a like-for-like trailing-12-month figure can't be built from it Fiscal year ended 2025-12-31 · 10-K filed 2026-02-12 ↗
ELVElevance Health, Inc.	Healthy	$6.5B3.2% of rev.	+3.6%	2.5%	4.7xnet cash	−2.7%	Capex −5.5%OCF +54.6%	18.4
Why: Cash exceeds debt by $4.9B Free cash flow $6.5B (3.2% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-21 ↗
HUMHUMANA INC	Healthy	$1.3B0.9% of rev.	+14.1%	0.8%	11.0xnet cash	−0.2%	Capex +16.0%OCF −35.8%	45.3
Why: Cash exceeds debt by $8.0B Free cash flow $1.3B (0.9% of revenue) Note: A newer 10-Q (period ended 2026-06-30, filed 2026-07-29) isn't in SEC's XBRL data yet; figures are as of 2026-03-31 Trailing 12 months through 2026-03-31 · 10-Q filed 2026-04-29 ↗
AGXARGAN INC	Healthy	$546M45.9% of rev.	+29.0%	15.1%	No debt	+0.2%	Investing heavilyCapex +57.9%OCF +280%	27.3
Why: No debt on the balance sheet Free cash flow $546M (46% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-02 ↗
ALGNALIGN TECHNOLOGY INC	Healthy	$634M15.3% of rev.	+4.4%	10.0%	No debt	−1.5%	Capex +22.7%OCF +3.4%	26.3
Why: No debt on the balance sheet Free cash flow $634M (15% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
ANETArista Networks, Inc.	Healthy	$5.2B48.9% of rev.	+32.6%	38.4%	No debt	+0.4%	Investing heavilyCapex +111%OCF +31.1%	58.3
Why: No debt on the balance sheet Free cash flow $5.2B (49% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
ANFABERCROMBIE & FITCH CO /DE/	Healthy	$566M10.6% of rev.	+4.7%	10.0%	No debt	−9.3%	Capex +16.0%OCF +45.5%	13.8
Why: No debt on the balance sheet Free cash flow $566M (11% of revenue) Trailing 12 months through 2026-08-01 · 10-Q filed 2026-09-04 ↗
ARMARM HOLDINGS PLC /UK	Healthy	$979M19.9% of rev.	+22.8%	18.4%	No debt	+0.5%	Investing heavilyCapex +149%OCF +284%	266.6
Why: No debt on the balance sheet Free cash flow $979M (20% of revenue) Fiscal year ended 2026-03-31 · 20-F filed 2026-05-26 ↗
CARTMaplebear Inc.	Healthy	$1.2B29.5% of rev.	+12.6%	12.0%	No debt	−11.5%	Capex −6.7%OCF +46.8%	27.5
Why: No debt on the balance sheet Free cash flow $1.2B (29% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
CMGCHIPOTLE MEXICAN GRILL INC	Healthy	$1.6B12.6% of rev.	+7.3%	11.4%	No debt	−5.3%	Capex +21.2%OCF +11.3%	26.0
Why: No debt on the balance sheet Free cash flow $1.6B (13% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
DECKDECKERS OUTDOOR CORP	Healthy	$1.1B20.2% of rev.	+7.9%	18.4%	No debt	−7.4%	Capex −13.3%OCF +23.3%	12.2
Why: No debt on the balance sheet Free cash flow $1.1B (20% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-30 ↗
DHIHORTON D R INC /DE/	Healthy	$3.2B9.6% of rev.	−3.5%	9.2%	No debt	−7.2%	Capex +19.7%OCF +15.2%	13.2
Why: No debt on the balance sheet Free cash flow $3.2B (9.6% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-23 ↗
DOCUDOCUSIGN, INC.	Healthy	$1.2B35.7% of rev.	+8.6%	9.8%	No debt	−8.5%	Capex +20.6%OCF +27.3%	49.7
Why: No debt on the balance sheet Free cash flow $1.2B (36% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-04 ↗
EXELEXELIXIS, INC.	Healthy	$1.2B48.1% of rev.	+9.2%	35.3%	No debt	−8.7%	Capex −39.0%OCF +53.3%	20.3
Why: No debt on the balance sheet Free cash flow $1.2B (48% of revenue) Trailing 12 months through 2026-07-03 · 10-Q filed 2026-08-05 ↗
ISRGINTUITIVE SURGICAL INC	Healthy	$3.6B31.1% of rev.	+20.5%	25.5%	No debt	−2.8%	Capex −28.7%OCF +38.1%	51.8
Why: No debt on the balance sheet Free cash flow $3.6B (31% of revenue) Trailing 12 months through 2026-09-30 · 10-Q filed 2026-10-21 ↗
LULUlululemon athletica inc.	Healthy	$1.4B12.2% of rev.	+1.7%	12.8%	No debt	−5.6%	Capex −15.6%OCF +3.7%	7.9
Why: No debt on the balance sheet Free cash flow $1.4B (12% of revenue) Trailing 12 months through 2026-08-02 · 10-Q filed 2026-09-03 ↗
MDBMongoDB, Inc.	Healthy	$659M23.7% of rev.	+25.5%	2.1%	No debt	+1.1%	Capex −74.7%OCF +147%	550.5
Why: No debt on the balance sheet Free cash flow $659M (24% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-01 ↗
MNSTMonster Beverage Corp	Healthy	$2.1B22.8% of rev.	+20.4%	23.1%	No debt	+0.5%	Capex −29.1%OCF +9.0%	—
Why: No debt on the balance sheet Free cash flow $2.1B (23% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-07 ↗
OKTAOkta, Inc.	Healthy	$979M31.9% of rev.	+11.2%	9.6%	No debt	−1.2%	Investing heavilyCapex +60.0%OCF +15.7%	125.6
Why: No debt on the balance sheet Free cash flow $979M (32% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-27 ↗
PATHUiPath, Inc.	Healthy	$363M21.1% of rev.	+15.0%	21.0%	No debt	−3.7%	Capex −59.0%OCF +11.5%	20.5
Why: No debt on the balance sheet Free cash flow $363M (21% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-09-08 ↗
PINSPINTEREST, INC.	Healthy	$1.3B28.1% of rev.	+16.6%	5.5%	No debt	−18.4%	Investing heavilyCapex +105%OCF +24.3%	67.5
Why: No debt on the balance sheet Free cash flow $1.3B (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
PLTRPalantir Technologies Inc.	Healthy	$3.4B54.6% of rev.	+78.9%	49.0%	No debt	+0.2%	Investing heavilyCapex +101%OCF +96.6%	172.4
Why: No debt on the balance sheet Free cash flow $3.4B (55% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
RDDTReddit, Inc.	Healthy	$1.0B36.7% of rev.	+66.6%	31.3%	No debt	+1.3%	Investing heavilyCapex +102%OCF +156%	35.7
Why: No debt on the balance sheet Free cash flow $1.0B (37% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-07-31 ↗
ROKUROKU, INC	Healthy	$710M13.6% of rev.	+18.5%	6.8%	No debt	+1.5%	Capex +39.0%OCF +81.4%	66.9
Why: No debt on the balance sheet Free cash flow $710M (14% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
SDSANDRIDGE ENERGY INC	Healthy	$42M23.6% of rev.	+23.2%	46.1%	No debt	+1.1%	Investing heavilyCapex +71.0%OCF +32.4%	6.4
Why: No debt on the balance sheet Free cash flow $42M (24% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
SHOPSHOPIFY INC.	Healthy	$2.4B17.7% of rev.	+32.5%	14.5%	No debt	−0.8%	Investing heavilyCapex +56.3%OCF +29.7%	117.7
Why: No debt on the balance sheet Free cash flow $2.4B (18% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
TERTERADYNE, INC	Healthy	$800M17.9% of rev.	+57.9%	25.8%	No debt	−1.5%	Capex +18.5%OCF +34.4%	47.4
Why: No debt on the balance sheet Free cash flow $800M (18% of revenue) Trailing 12 months through 2026-06-28 · 10-Q filed 2026-07-31 ↗
TTDTrade Desk, Inc.	Healthy	$849M28.4% of rev.	+11.6%	13.6%	No debt	−5.2%	Capex +27.1%OCF +16.4%	15.0
Why: No debt on the balance sheet Free cash flow $849M (28% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-06 ↗
UTHRUNITED THERAPEUTICS Corp	Healthy	$1.1B34.6% of rev.	+2.5%	41.6%	No debt	−5.2%	Investing heavilyCapex +97.2%OCF +22.9%	20.2
Why: No debt on the balance sheet Free cash flow $1.1B (35% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-05 ↗
VRTXVERTEX PHARMACEUTICALS INC / MA	Healthy	$3.8B30.2% of rev.	+10.2%	35.0%	No debt	−1.4%	Capex +43.3%OCF +11.6%	30.6
Why: No debt on the balance sheet Free cash flow $3.8B (30% of revenue) Trailing 12 months through 2026-06-30 · 10-Q filed 2026-08-04 ↗
ZMZoom Communications, Inc.	Healthy	$1.9B38.6% of rev.	+5.0%	65.2%	No debt	−2.8%	Capex +10.1%OCF +4.6%	9.2
Why: No debt on the balance sheet Free cash flow $1.9B (39% of revenue) Trailing 12 months through 2026-07-31 · 10-Q filed 2026-08-26 ↗

Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. IEX Historical Data Terms of Use ↗

Methodology: how the label is set

The rules

Any red rule → Stretched. Otherwise any yellow rule → Watch. Otherwise Healthy.

StretchedNegative free cash flow while debt exceeds cash (net debt).
StretchedDebt is more than 8x free cash flow, and debt exceeds cash.
StretchedDebt exceeds cash and operating income covers interest expense less than 1.5x (or there is an operating loss while paying interest).
StretchedDebt is 4–8x free cash flow AND revenue is falling more than 5% YoY or the company is losing money: the debt isn't backed by growth or profits.
WatchDebt is 4–8x free cash flow (with net debt).
WatchNegative free cash flow, but cash on hand exceeds debt (burning a cushion, not borrowing).
WatchRevenue down more than 5% year over year.
WatchNet loss (negative net margin).
WatchDiluted share count up more than 5% year over year (dilution).
WatchDebt exceeds cash and interest coverage is between 1.5x and 3x.
HealthyHealthy = none of the above.

The numbers

Period: trailing 12 months (latest fiscal year + year-to-date − prior year-to-date, all from 10-K/10-Q filings) when available; otherwise the latest fiscal year from the 10-K.
Revenue uses the company's total revenue tag (Revenues, RevenueFromContractWithCustomer…, SalesRevenueNet and similar variants). Growth compares with the same 12 months a year earlier.
Free cash flow = cash from operations − purchases of property & equipment (capex).
Total debt = long-term debt + current portion + short-term borrowings / commercial paper on the latest balance sheet. Operating leases are excluded. Net debt subtracts cash, equivalents and short-term investments.
Net margin = net income ÷ revenue. Interest coverage = operating income ÷ interest expense (when reported).
Shares YoY = diluted weighted-average share count for the latest quarter vs. the same quarter a year earlier (split-adjusted by the company in its latest filing).
Thresholds: debt/FCF watch > 4x, stretched > 8x; coverage stretched < 1.5x, watch < 3x; revenue watch below -5%; dilution watch above +5%.
Not scored, not guessed: banks, lenders, brokers/exchanges/asset managers, insurers and REITs (debt is part of the business model there), foreign filers reporting under IFRS or in a non-USD currency, and any company whose core figures aren't in standard XBRL tags. Nothing is estimated or filled in.
Utilities are scored but flagged: debt-funded capex is normal for regulated utilities, so compare them with each other.

Context (never changes the label)

Investing heavily: capital expenditures are at least 1.5x the same period a year earlier (up 50% or more) while operating cash flow is positive and not down more than 10%. Negative free cash flow from such a company is worded "Negative free cash flow from heavy investment"; the color rules above still apply unchanged.
Non-cash write-down: when there is an operating loss and goodwill/intangible impairment (XBRL GoodwillImpairmentLoss, ImpairmentOfIntangibleAssets…, GoodwillAndIntangibleAssetImpairment) is at least half of it, the note "Operating loss mostly from non-cash write-down" is added. The interest-coverage rule still uses the reported operating loss.
P/E: latest IEX closing price ÷ diluted EPS over the same period as the score (trailing 12 months = latest year-to-date + prior fiscal year − prior-year year-to-date, from XBRL EarningsPerShareDiluted). "n/m" = EPS zero or negative; "—" = no IEX close or no EPS tag.
Prices: Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Terms ↗

Data built Oct 22, 2026 from SEC EDGAR XBRL company facts (data.sec.gov); refreshed after earnings season and when our lists change. A filing made after that date isn't reflected yet. Each row links to the 10-Q or 10-K it is based on.

Not scored (99)

Companies we list but don't label, with the reason.

Show the list

Ticker	Company	Why not scored	Source
ABNB	Airbnb, Inc.	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
AFRM	Affirm Holdings, Inc.	Lender / credit company (SIC 6141 Personal Credit Institutions): borrowing is the product, so debt-to-FCF isn't comparable	10-K ↗
APA	APA Corp	Missing revenue, capital expenditures in standard XBRL tags for the latest period	10-Q ↗
APP	AppLovin Corp	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
ARES	Ares Management Corp	Broker, exchange or asset manager (SIC 6282 Investment Advice): client and fund balances distort cash flow and debt	10-Q ↗
ASML	ASML HOLDING NV	Reports in EUR, not USD	20-F ↗
AXP	AMERICAN EXPRESS CO	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
AZN	ASTRAZENECA PLC	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
B	BARRICK MINING CORP	Missing revenue, operating cash flow, capital expenditures in standard XBRL tags for the latest period	40-F ↗
BABA	Alibaba Group Holding Ltd	Reports in CNY (USD figures are convenience translations only)	20-F ↗
BAC	BANK OF AMERICA CORP /DE/	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
BHF	Brighthouse Financial, Inc.	Insurer (SIC 6311 Life Insurance): float and reserves make debt-to-FCF not comparable	10-Q ↗
BIDU	Baidu, Inc.	Reports in CNY (USD figures are convenience translations only)	20-F ↗
BIRK	Birkenstock Holding plc	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
BLK	BlackRock, Inc.	Broker, exchange or asset manager (SIC 6211 Security Brokers, Dealers & Flotation Companies): client and fund balances distort cash flow and debt	10-Q ↗
BN	BROOKFIELD Corp /ON/	Files 40-F under IFRS, not US GAAP: tags aren't comparable	40-F ↗
BNTX	BioNTech SE	Missing revenue, operating cash flow, capital expenditures in standard XBRL tags for the latest period	20-F/A ↗
BRK.B	BERKSHIRE HATHAWAY INC	Insurer (SIC 6331 Fire, Marine & Casualty Insurance): float and reserves make debt-to-FCF not comparable	10-Q ↗
BTDR	Bitdeer Technologies Group	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	20-F ↗
BX	Blackstone Inc.	Broker, exchange or asset manager (SIC 6282 Investment Advice): client and fund balances distort cash flow and debt	10-Q ↗
C	CITIGROUP INC	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
CAT	CATERPILLAR INC	Most of its debt funds Cat Financial, a captive lender to dealers and customers, so consolidated debt-to-FCF isn't comparable	10-Q ↗
CB	Chubb Ltd	Insurer (SIC 6331 Fire, Marine & Casualty Insurance): float and reserves make debt-to-FCF not comparable	10-Q ↗
CBRS	Cerebras Systems Inc.	Missing revenue, operating cash flow, capital expenditures in standard XBRL tags for the latest period	10-Q ↗
CI	Cigna Group	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
CIFR	Cipher Digital Inc.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
CLSK	CLEANSPARK, INC.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
CME	CME GROUP INC.	Broker, exchange or asset manager (SIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services): client and fund balances distort cash flow and debt	10-Q ↗
COF	CAPITAL ONE FINANCIAL CORP	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
COIN	Coinbase Global, Inc.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
COP	CONOCOPHILLIPS	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
CORZ	Core Scientific, Inc./tx	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
DE	DEERE & CO	Most of its debt funds John Deere Financial, a captive lender to dealers and customers, so consolidated debt-to-FCF isn't comparable	10-Q ↗
DLR	DIGITAL REALTY TRUST, INC.	REIT (SIC 6798): judged on FFO and asset values, not free cash flow	10-Q ↗
EA	EA	Ticker not in SEC's current company list (delisted, acquired or renamed)	—
EQIX	EQUINIX INC	REIT (SIC 6798): judged on FFO and asset values, not free cash flow	10-Q ↗
F	FORD MOTOR CO	Most of its debt funds Ford Credit, a captive lender to dealers and customers, so consolidated debt-to-FCF isn't comparable	10-Q ↗
GDS	GDS Holdings Ltd	Reports in CNY, not USD	20-F ↗
GFS	GLOBALFOUNDRIES Inc.	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
GM	General Motors Co	Most of its debt funds GM Financial, a captive lender to dealers and customers, so consolidated debt-to-FCF isn't comparable	10-Q ↗
GS	GOLDMAN SACHS GROUP INC	Broker, exchange or asset manager (SIC 6211 Security Brokers, Dealers & Flotation Companies): client and fund balances distort cash flow and debt	10-Q ↗
GSK	GSK plc	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
HHH	Howard Hughes Holdings Inc.	REIT (SIC 6798): judged on FFO and asset values, not free cash flow	10-Q ↗
HOOD	Robinhood Markets, Inc.	Broker, exchange or asset manager (SIC 6211 Security Brokers, Dealers & Flotation Companies): client and fund balances distort cash flow and debt	10-Q ↗
HUT	Hut 8 Corp.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
ICE	Intercontinental Exchange, Inc.	Broker, exchange or asset manager (SIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services): client and fund balances distort cash flow and debt	10-Q ↗
IREN	IREN Ltd	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-K ↗
JD	JD.com, Inc.	Reports in CNY (USD figures are convenience translations only)	20-F ↗
JPM	JPMORGAN CHASE & CO	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
JWN	JWN	Ticker not in SEC's current company list (delisted, acquired or renamed)	—
K	K	Ticker not in SEC's current company list (delisted, acquired or renamed)	—
KGC	KINROSS GOLD CORP	Files 40-F under IFRS, not US GAAP: tags aren't comparable	40-F ↗
KKR	KKR & Co. Inc.	Broker, exchange or asset manager (SIC 6282 Investment Advice): client and fund balances distort cash flow and debt	10-Q ↗
LI	Li Auto Inc.	Reports in CNY (USD figures are convenience translations only)	20-F ↗
LYFT	Lyft, Inc.	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
MARA	MARA Holdings, Inc.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
MS	MORGAN STANLEY	Broker, exchange or asset manager (SIC 6211 Security Brokers, Dealers & Flotation Companies): client and fund balances distort cash flow and debt	10-Q ↗
MSTR	Strategy Inc	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
NEE	NEXTERA ENERGY INC	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
NIO	NIO Inc.	Reports in CNY (USD figures are convenience translations only)	20-F ↗
NU	Nu Holdings Ltd.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	20-F ↗
NVO	NOVO NORDISK A S	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
NVS	NOVARTIS AG	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
ONON	On Holding AG	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
PARA	Banzai International, Inc.	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
PBR	PETROBRAS - PETROLEO BRASILEIRO SA	Missing revenue, operating cash flow, capital expenditures in standard XBRL tags for the latest period	20-F ↗
PCAR	PACCAR INC	Most of its debt funds PACCAR Financial, a captive lender to dealers and customers, so consolidated debt-to-FCF isn't comparable	10-Q ↗
PDD	PDD Holdings Inc.	Reports in CNY (USD figures are convenience translations only)	20-F ↗
PGR	PROGRESSIVE CORP/OH/	Insurer (SIC 6331 Fire, Marine & Casualty Insurance): float and reserves make debt-to-FCF not comparable	10-Q ↗
PLD	Prologis, Inc.	REIT (SIC 6798): judged on FFO and asset values, not free cash flow	10-Q ↗
PNC	PNC FINANCIAL SERVICES GROUP, INC.	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
PS	PERSHING SQUARE INC.	Broker, exchange or asset manager (SIC 6282 Investment Advice): client and fund balances distort cash flow and debt	10-Q ↗
PSX	Phillips 66	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
RAD	RAD	Ticker not in SEC's current company list (delisted, acquired or renamed)	—
RIOT	Riot Platforms, Inc.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
RUN	Sunrun Inc.	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
RVMD	Revolution Medicines, Inc.	Revenue is zero or negative for the period (pre-revenue company)	10-Q ↗
SCHW	SCHWAB CHARLES CORP	Broker, exchange or asset manager (SIC 6211 Security Brokers, Dealers & Flotation Companies): client and fund balances distort cash flow and debt	10-Q ↗
SEG	Seaport Entertainment Group Inc.	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
SHEL	Shell plc	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
SLM	SLM Corp	Lender / credit company (SIC 6141 Personal Credit Institutions): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
SNY	Sanofi	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
SOFI	SoFi Technologies, Inc.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
SPCX	SPACE EXPLORATION TECHNOLOGIES CORP	Missing revenue, operating cash flow, capital expenditures in standard XBRL tags for the latest period	10-Q ↗
SPOT	Spotify Technology S.A.	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
STM	STMicroelectronics N.V.	Missing capital expenditures in standard XBRL tags for the latest period	20-F ↗
TBBB	BBB FOODS INC	Files 20-F/A under IFRS, not US GAAP: tags aren't comparable	20-F/A ↗
TFC	TRUIST FINANCIAL CORP	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
TKO	TKO Group Holdings, Inc.	Missing capital expenditures in standard XBRL tags for the latest period	10-Q ↗
TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	Files 20-F under IFRS, not US GAAP: tags aren't comparable	20-F ↗
UPST	Upstart Holdings, Inc.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q/A ↗
USB	US BANCORP \DE\	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
VGNT	Versigent PLC	Missing revenue, operating cash flow, capital expenditures in standard XBRL tags for the latest period	10-Q ↗
WBA	WBA	Ticker not in SEC's current company list (delisted, acquired or renamed)	—
WELL	WELLTOWER INC.	REIT (SIC 6798): judged on FFO and asset values, not free cash flow	10-Q ↗
WFC	WELLS FARGO & COMPANY/MN	Bank (SIC 6021 National Commercial Banks): deposits and loans make debt and cash-flow ratios meaningless	10-Q ↗
WULF	TERAWULF INC.	Lender / credit company (SIC 6199 Finance Services): borrowing is the product, so debt-to-FCF isn't comparable	10-Q ↗
XPEV	XPENG INC.	Reports in CNY, not USD	20-F ↗
YPF	YPF SOCIEDAD ANONIMA	Missing revenue, operating cash flow, capital expenditures in standard XBRL tags for the latest period	20-F ↗

Data from SEC EDGAR filings. Not investment advice. The label is a mechanical screen on reported numbers, not a rating, forecast or recommendation to buy or sell any security. Companies can carry debt for good reasons and filings can be restated. Check the linked filing before relying on any figure. Read our full disclaimer.