Net Cash Stocks in the S&P 500
Every scored S&P 500 company that holds more cash than total debt on its latest balance sheet, highest fundamentals score first. Net cash = cash minus total debt. Banks and other financial companies are left out: for them, cash and debt are part of the business itself.
Quick answer
Net cash companies: 50 of 433 scored non-financial S&P 500 stocks. Strong (80+): 1. Weak (under 40): 3. No debt at all: 0. Highest scores: First Solar (87), Lam Research (79) and Deckers Brands (77). Largest net cash: Micron Technology (US$ 33.2b), Costco (US$ 11.6b) and GE Vernova (US$ 7.7b).
All 50 net cash stocks, ranked by score
50 stocks
| First Solar, Inc.First Solar FSLR · Technology | 87 | US$ 1.3b | US$ 18.4b | 100 | 100 | 50 | 83 | 100 | US$ 325.0m | US$ 1.6b |
| Lam Research CorporationLam Research LRCX · TechnologyAI | 79 | US$ 3.7b | US$ 299.2b | 100 | 100 | 75 | 17 | 100 | US$ 3.7b | US$ 7.4b |
| Deckers Outdoor Corporation Common StockDeckers Brands DECK · Consumer Cyclical | 77 | US$ 1.1b | US$ 10.9b | 100 | 100 | 75 | 67 | 50 | US$ 472.3m | US$ 1.6b |
| ResMed Inc. Common StockResMed RMD · Healthcare | 77 | US$ 643.3m | US$ 32.3b | 100 | 100 | 75 | 17 | 92 | US$ 825.9m | US$ 1.5b |
| Teradyne, Inc.Teradyne TER · TechnologyAI | 76 | US$ 10.6m | US$ 42.9b | 100 | 100 | 63 | 33 | 83 | US$ 283.2m | US$ 293.8m |
| EMCOR Group, Inc. Common StockEmcor EME · IndustrialsAI | 75 | US$ 643.8m | US$ 29.5b | 90 | 83 | 75 | 33 | 92 | US$ 468.2m | US$ 1.1b |
| Palantir Technologies Inc.Palantir Technologies PLTR · TechnologyAI | 74 | US$ 1.2b | US$ 442.4b | 100 | 100 | 75 | 17 | 80 | US$ 229.3m | US$ 1.4b |
| Advanced Micro Devices, Inc.Advanced Micro Devices AMD · TechnologyAI | 71 | US$ 810.0m | US$ 809.1b | 90 | 100 | 75 | 17 | 75 | US$ 4.3b | US$ 5.1b |
| Comfort Systems USA, Inc. Common StockComfort Systems USA FIX · IndustrialsAI | 70 | US$ 1.8b | US$ 43.0b | 90 | 83 | 75 | 33 | 67 | US$ 374.4m | US$ 2.2b |
| F5, Inc.F5 FFIV · Technology | 69 | US$ 1.4b | US$ 19.2b | 90 | 100 | 75 | 17 | 75 | US$ 252.4m | US$ 1.6b |
| Copart, Inc.Copart CPRT · Industrials | 68 | US$ 1.8b | US$ 28.1b | 80 | 100 | 75 | 17 | 67 | US$ 88.4m | US$ 1.9b |
| Monster Beverage CorporationMonster Beverage MNST · Consumer Defensive | 68 | US$ 1.8b | US$ 92.7b | 100 | 100 | 67 | 0 | 83 | US$ 374.0m | US$ 2.2b |
| Micron Technology, Inc.Micron Technology MU · TechnologyAI | 68 | US$ 33.2b | US$ 1.0t | 60 | 100 | 75 | 17 | 83 | US$ 5.2b | US$ 38.4b |
| Newmont CorporationNewmont NEM · Basic Materials | 68 | US$ 3.2b | US$ 110.8b | 60 | 100 | 75 | 17 | 83 | US$ 5.6b | US$ 8.8b |
| Arista Networks, Inc. Common StockArista Networks ANET · TechnologyAI | 67 | US$ 2.2b | US$ 212.3b | 100 | 100 | 67 | 0 | 67 | US$ 44.0m | US$ 2.3b |
| Fortinet, Inc.Fortinet FTNT · Technology | 67 | US$ 1.5b | US$ 99.6b | 100 | 67 | 75 | 17 | 75 | US$ 996.3m | US$ 2.5b |
| Texas Pacific Land Corporation Common StockTexas Pacific Land TPL · Energy | 67 | US$ 233.1m | US$ 22.9b | 100 | 100 | 67 | 0 | 67 | US$ 15.5m | US$ 248.6m |
| Tyler Technologies, Inc. Common StockTyler Technologies TYL · Technology | 67 | US$ 372.8m | US$ 15.7b | 80 | 83 | 75 | 17 | 80 | US$ 642.6m | US$ 1.0b |
| Intuitive Surgical, Inc.Intuitive Surgical ISRG · Healthcare | 66 | US$ 2.9b | US$ 152.6b | 100 | - | 67 | 0 | 83 | US$ 87.0m | US$ 3.0b |
| Vertiv Holdings, LLC Class A Common StockVertiv VRT · IndustrialsAI | 66 | US$ 156.0m | US$ 89.5b | 100 | 67 | 75 | 33 | 58 | US$ 3.4b | US$ 3.5b |
| Garmin Ltd. Common Stock (Switzerland)Garmin GRMN · Technology | 65 | US$ 1.9b | US$ 52.7b | 100 | 100 | 67 | 17 | 60 | US$ 173.5m | US$ 2.0b |
| Veeva Systems Inc. Class A Common StockVeeva Systems VEEV · Healthcare | 65 | US$ 1.7b | US$ 50.7b | 90 | 100 | 75 | 0 | 70 | US$ 151.7m | US$ 1.8b |
| Monolithic Power Systems, Inc.Monolithic Power Systems MPWR · TechnologyAI | 64 | US$ 986.7m | US$ 59.5b | 90 | 100 | 67 | 0 | 75 | US$ 18.9m | US$ 1.0b |
| Airbnb, Inc.Airbnb ABNB · Consumer Cyclical | 63 | US$ 4.5b | US$ 98.6b | 80 | 83 | 63 | 0 | 90 | US$ 2.1b | US$ 6.6b |
| Costco Wholesale CorporationCostco COST · Consumer Defensive | 63 | US$ 11.6b | US$ 450.0b | 70 | 83 | 75 | 0 | 83 | US$ 8.6b | US$ 20.2b |
| West Pharmaceutical Services, Inc. Common StockWest Pharmaceutical Services WST · Healthcare | 63 | US$ 159.1m | US$ 28.8b | 80 | 100 | 50 | 0 | 83 | US$ 305.0m | US$ 464.1m |
| Expeditors International of Washington, Inc. Common StockExpeditors International EXPD · IndustrialsNew High | 62 | US$ 464.1m | US$ 25.8b | 80 | 100 | 50 | 0 | 80 | US$ 567.3m | US$ 1.0b |
| Snap-On Incorporated Common StockSnap-on SNA · Industrials | 61 | US$ 393.2m | US$ 18.4b | 70 | 100 | 63 | 17 | 58 | US$ 1.3b | US$ 1.7b |
| Autodesk, Inc.Autodesk ADSK · Technology | 59 | US$ 393.0m | US$ 52.0b | 100 | 33 | 75 | 17 | 70 | US$ 3.7b | US$ 4.1b |
| Everpure, Inc. Class A common stockEverpure P · Technology | 59 | US$ 160.4m | US$ 42.3b | 90 | 100 | 50 | 0 | 58 | US$ 225.3m | US$ 385.7m |
| Reddit, Inc. Class A Common StockReddit RDDT · Communication Services | 59 | US$ 1.5b | US$ 17.6b | 60 | 100 | 63 | 17 | 70 | US$ 20.9m | US$ 1.5b |
| Western Digital CorporationWestern Digital WDC · Technology | 58 | US$ 525.0m | US$ 137.0b | 60 | 83 | 50 | 17 | 75 | US$ 789.0m | US$ 1.3b |
| Edwards Lifesciences Corporation Common StockEdwards Lifesciences EW · Healthcare | 57 | US$ 2.2b | US$ 53.2b | 60 | 100 | 75 | 0 | 50 | US$ 705.4m | US$ 2.9b |
| Sandisk CorporationSandisk SNDK · Technology | 56 | US$ 4.6b | US$ 166.3b | 60 | 100 | 38 | 17 | 67 | US$ 177.0m | US$ 4.8b |
| Incyte CorporationIncyte INCY · Healthcare | 55 | US$ 3.2b | US$ 24.4b | 38 | 100 | 75 | 0 | 60 | US$ 37.4m | US$ 3.3b |
| NVR, Inc. Common StockNVR NVR · Consumer Cyclical | 51 | US$ 94.0m | US$ 16.0b | 30 | 100 | 50 | 17 | 58 | US$ 1.1b | US$ 1.1b |
| Old Dominion Freight Line, Inc.Old Dominion ODFL · Industrials | 50 | US$ 263.9m | US$ 35.9b | 40 | 100 | 50 | 0 | 60 | US$ 20.0m | US$ 283.9m |
| Vertex Pharmaceuticals IncorporatedVertex Pharmaceuticals VRTX · HealthcareNew High | 50 | US$ 3.1b | US$ 141.7b | 60 | 100 | 50 | 0 | 42 | US$ 2.0b | US$ 5.1b |
| Align Technology, Inc.Align Technology ALGN · Healthcare | 48 | US$ 981.8m | US$ 10.5b | 40 | 75 | 63 | 0 | 67 | US$ 120.8m | US$ 1.1b |
| Vylor Inc.Vylor VYLR · Consumer Defensive | 47 | US$ 309.0m | US$ 48.3b | 13 | 83 | 63 | 0 | 70 | US$ 127.0m | US$ 436.0m |
| Block, Inc. Class A Common Stock,Block XYZ · Technology | 47 | US$ 4.8b | US$ 45.8b | 30 | 67 | 75 | 33 | 33 | US$ 7.2b | US$ 12.0b |
| CrowdStrike Holdings, Inc.CrowdStrike CRWD · Technology | 46 | US$ 4.2b | US$ 254.5b | 40 | 83 | 75 | 0 | 30 | US$ 820.2m | US$ 5.0b |
| Skyworks Solutions, Inc.Skyworks Solutions SWKS · Technology | 45 | US$ 223.7m | US$ 20.6b | 10 | 100 | 63 | 0 | 50 | US$ 1.2b | US$ 1.4b |
| Tesla, Inc.Tesla TSLA · Consumer Cyclical | 44 | US$ 1.4b | US$ 1.6t | 20 | 100 | 75 | 0 | 25 | US$ 16.4b | US$ 17.9b |
| DoorDash, Inc.DoorDash DASH · Consumer Cyclical | 43 | US$ 1.1b | US$ 78.0b | 60 | 50 | 75 | 0 | 30 | US$ 3.3b | US$ 4.4b |
| Centene Corporation Common StockCentene CNC · Healthcare | 42 | US$ 5.2b | US$ 33.6b | 20 | 50 | 63 | 17 | 60 | US$ 15.5b | US$ 20.7b |
| GE Vernova Inc. Common StockGE Vernova GEV · IndustrialsAI | 42 | US$ 7.7b | US$ 226.9b | 60 | 33 | 75 | 0 | 42 | US$ 1.2b | US$ 8.8b |
| Lumentum Holdings Inc.Lumentum LITE · Technology | 38 | US$ 372.3m | US$ 76.2b | 20 | 67 | 63 | 0 | 42 | US$ 1.7b | US$ 2.0b |
| Palo Alto Networks, Inc.Palo Alto Networks PANW · Technology | 37 | US$ 14.0m | US$ 299.4b | 30 | 67 | 75 | 0 | 10 | US$ 2.5b | US$ 2.5b |
| Moderna, Inc.Moderna MRNA · Healthcare | 21 | US$ 436.0m | US$ 88.5b | 0 | 67 | 13 | 0 | 25 | US$ 1.3b | US$ 1.7b |
Common questions
A net cash company holds more cash and short-term deposits than all of its borrowings. It could repay every loan today and still have cash left, so a bad year is less likely to force it to borrow, sell assets or ask shareholders for money.
No. Net cash makes a company safer, but it says nothing about whether the business earns money. A company can sit on cash while its profit shrinks, and cash kept idle for years earns little for shareholders. That's why this list is ranked by the full score, not by the cash pile.
As of this site's latest data, 50 of the 433 scored non-financial companies in the S&P 500 hold more cash than debt. 0 of them report no debt at all.
As of this site's latest data, First Solar, Inc. (FSLR) has the highest fundamentals score among S&P 500 net cash companies, at 87/100, with net cash of US$ 1.3b.
As of this site's latest data, Micron Technology, Inc. (MU) has the largest net cash among scored non-financial S&P 500 companies, at US$ 33.2b. Its fundamentals score is 68/100.
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