Highest gross margin stocks
Revenue left after the direct cost of what was sold, as a share of revenue. Companies worth over $1 billion.
Top of the list: CenterPoint Energy (CNP) 100.0%; Immunitybio (IBRX) 99.3%; VICI Properties (VICI) 99.3%.
The median gross margin across these 50 companies is 92.7%.
| # | Company | Gross margin | Operating margin | Revenue growth | P/S | Market cap |
|---|---|---|---|---|---|---|
| 1 | CenterPoint Energy IncCNP · Utilities | 100.0% | 22.5% | +1.9% | 2.64x | $24.8B |
| 2 | Immunitybio IncIBRX · Healthcare | 99.3% | -151.9% | +93.9% | 63.2x | $10.5B |
| 3 | VICI Properties IncVICI · Real Estate | 99.3% | — | +5.7% | 5.98x | $24.5B |
| 4 | Immunocore Holdings LtdIMCR · Healthcare | 98.9% | -5.2% | +18.3% | 3.47x | $1.5B |
| 5 | TC Energy CorpTRP · Energy | 98.6% | 52.7% | +16.7% | 4.18x | $64.7B |
| 6 | Travere Therapeutics IncTVTX · Healthcare | 98.6% | -6.8% | +48.2% | 7.78x | $4.6B |
| 7 | Corcept Therapeutics IncorporatedCORT · Healthcare | 98.3% | 0.77% | +31.7% | 15.5x | $12.8B |
| 8 | Ionis Pharmaceuticals IncIONS · Healthcare | 98.2% | -68.0% | -40.7% | 8.15x | $7.1B |
| 9 | Arcos Dorados Holdings IncARCO · Consumer Cyclical | 98.1% | 7.8% | +4.7% | 0.33x | $1.6B |
| 10 | Neurocrine Biosciences IncNBIX · Healthcare | 98.0% | 23.6% | +39.5% | 4.14x | $14.0B |
| 11 | BioCryst Pharmaceuticals IncBCRX · Healthcare | 97.8% | -33.3% | +33.6% | 2.12x | $2.0B |
| 12 | Inter & Co. Inc. Class A Common SharesINTR · Financial Services | 97.8% | — | +34.7% | 0.54x | $3.4B |
| 13 | Arm Holdings plc American Depositary SharesARM · Technology | 97.5% | 17.0% | +22.4% | 52.0x | $267.9B |
| 14 | Lakefront Biotherapeutics NVLKFT · Healthcare | 97.3% | 26.5% | +303.5% | 1.80x | $1.9B |
| 15 | Ascentage Pharma Group InternationalAAPG · Healthcare | 97.0% | — | +341.8% | 2.19x | $1.3B |
| 16 | Exelixis IncEXEL · Healthcare | 96.5% | 39.9% | +10.6% | 5.86x | $14.3B |
| 17 | Genmab ASGMAB · Healthcare | 95.4% | 31.1% | +30.7% | 5.64x | $22.0B |
| 18 | Krystal Biotech IncKRYS · Healthcare | 94.6% | 44.9% | +24.1% | 21.2x | $9.3B |
| 19 | BridgeBio Pharma IncBBIO · Healthcare | 94.4% | -69.8% | +120.4% | 17.3x | $12.3B |
| 20 | Range Resources CorpRRC · Energy | 93.6% | 28.6% | +8.6% | 3.08x | $10.1B |
| 21 | PLDT Inc ADRPHI · Communication Services | 93.5% | 23.3% | +2.8% | 0.02x | $4.0B |
| 22 | Western Midstream Partners LPWES · Energy | 93.4% | 41.0% | +22.5% | 4.63x | $18.7B |
| 23 | Axsome Therapeutics IncAXSM · Healthcare | 93.2% | -24.0% | +45.5% | 10.9x | $8.4B |
| 24 | Travel + Leisure CoTNL · Consumer Cyclical | 92.9% | 13.7% | +4.4% | 0.99x | $4.0B |
| 25 | White Mountains Insurance Group LtdWTM · Financial Services | 92.7% | 18.5% | +90.9% | 1.67x | $5.2B |
| 26 | Atlanticus Holdings CorporationATLC · Financial Services | 92.6% | — | +88.8% | 0.54x | $1.4B |
| 27 | Pursuit Attractions and Hospitality, Inc.PRSU · Consumer Cyclical | 92.5% | 15.2% | +14.3% | 3.11x | $1.5B |
| 28 | Incyte CorporationINCY · Healthcare | 92.5% | 30.1% | +20.9% | 4.07x | $21.8B |
| 29 | CarGurusCARG · Consumer Cyclical | 92.3% | 28.6% | +13.1% | 2.51x | $2.4B |
| 30 | TripAdvisor IncTRIP · Consumer Cyclical | 92.2% | 2.7% | -7.2% | 0.58x | $1.0B |
| 31 | Agios PharmAGIO · Healthcare | 92.0% | -466.8% | +259.2% | 18.8x | $1.9B |
| 32 | Reddit, Inc.RDDT · Communication Services | 91.4% | 28.2% | +61.1% | 11.4x | $31.8B |
| 33 | Six Flags Entertainment CorporationFUN · Consumer Cyclical | 91.4% | -44.2% | -7.0% | 0.39x | $1.2B |
| 34 | Autodesk IncADSK · Technology | 91.2% | 26.2% | +16.1% | 6.53x | $50.9B |
| 35 | ACADIA Pharmaceuticals IncACAD · Healthcare | 91.1% | 7.6% | +16.4% | 2.87x | $3.3B |
| 36 | Arcutis Biotherapeutics IncARQT · Healthcare | 91.1% | 7.4% | +59.3% | 7.07x | $3.3B |
| 37 | UroGen Pharma LtdURGN · Healthcare | 90.8% | -35.3% | +199.2% | 8.98x | $1.7B |
| 38 | Goodrx Holdings IncGDRX | 90.8% | 9.5% | -1.3% | 1.48x | $1.2B |
| 39 | Uniqure NVQURE · Healthcare | 90.6% | -1059.7% | +127.3% | 66.4x | $1.2B |
| 40 | Navios Maritime Partners LP UnitNMM · Industrials | 90.5% | — | +0.8% | 2.09x | $2.8B |
| 41 | Expedia Group Inc.EXPE · Consumer Cyclical | 90.4% | 16.0% | +14.0% | 2.07x | $32.5B |
| 42 | Aurinia Pharmaceuticals IncAUPH · Healthcare | 90.4% | 48.4% | +18.9% | 6.69x | $2.1B |
| 43 | MNKDMNKD | 89.8% | 2.3% | +42.9% | 2.58x | $1.0B |
| 44 | argenx NV ADRARGX · Healthcare | 89.4% | 24.8% | +88.6% | 11.9x | $50.6B |
| 45 | Kiniksa Pharmaceuticals LtdKNSA · Healthcare | 89.3% | 12.4% | +55.5% | 7.47x | $5.6B |
| 46 | Adobe Systems IncorporatedADBE · Technology | 89.2% | 35.7% | +12.9% | 3.95x | $102.7B |
| 47 | Monday.Com LtdMNDY · Technology | 89.2% | -0.14% | +26.8% | 4.25x | $5.2B |
| 48 | Elevance Health IncELV · Healthcare | 89.1% | 2.7% | +1.4% | 0.44x | $88.9B |
| 49 | Wealthfront Corporation Common StockWLTH · Technology | 89.1% | -40.8% | +0.8% | 4.52x | $1.7B |
| 50 | Rhythm Pharmaceuticals IncRYTM · Healthcare | 89.0% | -83.6% | +46.9% | 24.7x | $5.9B |
Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.
Questions
Which company ranks first on the highest gross margin stocks list?
CenterPoint Energy (CNP), with a gross margin of 100.0%, as of October 12, 2026.
How is this list built?
Revenue left after the direct cost of what was sold, as a share of revenue. Companies worth over $1 billion. It shows the top 50 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.