Quality
Stocks with the least debt
Companies worth over $1 billion with the lowest debt relative to shareholders' equity, and still profitable.
Top of the list: Formula Systems 1985 Ltd ADR (FORTY) 0.02x; Triple Flag Precious Metals (TFPM) 0.02x; eToro Group (ETOR) 0.02x.
The median debt/equity across these 50 companies is 0.13x.
| # | Company | Debt/equity | Current ratio | Net margin | ROE | Market cap |
|---|---|---|---|---|---|---|
| 1 | Formula Systems 1985 Ltd ADRFORTY · Technology | 0.02x | 1.49 | 2.9% | 21.7% | $1.8B |
| 2 | Triple Flag Precious Metals CorpTFPM · Basic Materials | 0.02x | 4.22 | 61.7% | 13.3% | $5.5B |
| 3 | eToro Group Ltd.ETOR · Financial Services | 0.02x | 4.89 | 1.6% | 1.3% | $2.0B |
| 4 | Wheaton Precious Metals CorpWPM · Basic Materials | 0.03x | 7.38 | 63.6% | 19.1% | $55.1B |
| 5 | Protagonist Therapeutics IncPTGX · Healthcare | 0.05x | 21.71 | 29.4% | 9.8% | $8.8B |
| 6 | Cronos Group IncCRON · Healthcare | 0.06x | 16.18 | 39.1% | 6.5% | $1.2B |
| 7 | Franco-Nevada CorporationFNV · Basic Materials | 0.06x | 4.25 | 61.0% | 16.8% | $44.2B |
| 8 | BioLife Solutions IncBLFS | 0.07x | 9.69 | 56.4% | 13.8% | $1.9B |
| 9 | Vicor CorporationVICR · Technology | 0.07x | 14.30 | 18.9% | 18.1% | $11.0B |
| 10 | Veracyte IncVCYT · Healthcare | 0.07x | 9.16 | 20.4% | 8.2% | $4.3B |
| 11 | United States Lime & Minerals IncUSLM · Basic Materials | 0.07x | 27.54 | 35.7% | 19.3% | $3.0B |
| 12 | Full Truck Alliance Co Ltd ADRYMM · Technology | 0.08x | 8.09 | 35.7% | 11.0% | $8.2B |
| 13 | RDVTRDVT | 0.08x | 10.88 | 16.5% | 14.7% | $1.1B |
| 14 | argenx NV ADRARGX · Healthcare | 0.09x | 11.07 | 30.4% | 43.5% | $50.6B |
| 15 | Osisko Gold RoOR · Basic Materials | 0.09x | 4.53 | 74.3% | 14.4% | $5.8B |
| 16 | Rambus IncRMBS · Technology | 0.10x | 9.82 | 31.9% | 16.5% | $10.5B |
| 17 | Copart IncCPRT · Industrials | 0.10x | 7.91 | 31.8% | 16.3% | $25.8B |
| 18 | Krystal Biotech IncKRYS · Healthcare | 0.10x | 8.32 | 54.8% | 17.8% | $9.3B |
| 19 | Credo Technology Group Holding LtdCRDO · Technology | 0.10x | 7.40 | 33.8% | 19.7% | $36.3B |
| 20 | Reddit, Inc.RDDT · Communication Services | 0.11x | 10.49 | 31.4% | 26.5% | $31.8B |
| 21 | Texas Pacific Land CorporationTPL · Energy | 0.11x | 4.55 | 60.3% | 32.4% | $24.9B |
| 22 | Astera Labs, Inc.ALAB · Technology | 0.12x | 10.05 | 30.7% | 21.4% | $60.9B |
| 23 | Universal DisplayOLED · Technology | 0.12x | 8.50 | 32.2% | 11.6% | $3.5B |
| 24 | Inspire Medical Systems IncINSP · Healthcare | 0.12x | 8.55 | 15.0% | 16.4% | $2.1B |
| 25 | REX American Resources CorporationREX · Basic Materials | 0.13x | 6.88 | 18.3% | 17.9% | $1.4B |
| 26 | United Therapeutics CorporationUTHR · Healthcare | 0.13x | 5.73 | 41.6% | 20.5% | $22.8B |
| 27 | Iradimed CoIRMD · Healthcare | 0.13x | 9.46 | 26.7% | 22.7% | $1.1B |
| 28 | Opera LtdOPRA · Communication Services | 0.13x | 2.35 | 17.6% | 10.7% | $1.5B |
| 29 | Tradeweb Markets IncTW · Financial Services | 0.14x | — | 40.7% | 13.5% | $24.0B |
| 30 | IPG Photonics CorporationIPGP · Technology | 0.14x | 6.18 | 2.6% | 1.3% | $3.5B |
| 31 | RLX Technology IncRLX · Consumer Defensive | 0.14x | 5.70 | 23.3% | 5.9% | $2.0B |
| 32 | Shopify IncSHOP · Technology | 0.14x | 5.35 | 14.5% | 15.2% | $234.7B |
| 33 | Intuitive Surgical IncISRG · Healthcare | 0.14x | 4.96 | 28.4% | 17.3% | $153.4B |
| 34 | Proto Labs IncPRLB · Industrials | 0.14x | 3.64 | 5.4% | 4.4% | $2.3B |
| 35 | Power Integrations IncPOWI · Technology | 0.14x | 7.07 | 5.6% | 3.7% | $2.7B |
| 36 | JOYY IncJOYY · Communication Services | 0.15x | 1.85 | 98.8% | 32.1% | $3.9B |
| 37 | Globus MedicalGMED · Healthcare | 0.15x | 4.62 | 17.0% | 11.2% | $10.7B |
| 38 | AXT IncAXTI | 0.16x | 4.77 | 3.2% | 0.46% | $4.5B |
| 39 | Cal-Maine Foods IncCALM · Consumer Defensive | 0.17x | 7.70 | 2.3% | 2.3% | $2.9B |
| 40 | Cirrus Logic IncCRUS · Technology | 0.17x | 7.58 | 21.0% | 19.7% | $5.2B |
| 41 | Descartes Systems Group IncDSGX · Technology | 0.17x | 1.70 | 22.5% | 10.9% | $7.3B |
| 42 | Autohome IncATHM · Communication Services | 0.17x | 6.00 | 22.4% | 6.3% | $2.1B |
| 43 | Tower Semiconductor LtdTSEM · Technology | 0.18x | 5.90 | 14.1% | 8.8% | $26.6B |
| 44 | Gentex CorporationGNTX · Consumer Cyclical | 0.18x | 3.04 | 15.5% | 16.0% | $4.5B |
| 45 | Garmin LtdGRMN · Technology | 0.18x | 4.36 | 23.3% | 18.7% | $51.0B |
| 46 | Paymentus Holdings, Inc.PAY · Technology | 0.18x | 4.89 | 6.2% | 13.8% | $4.0B |
| 47 | Doximity IncDOCS · Healthcare | 0.18x | 6.08 | 25.5% | 18.2% | $4.7B |
| 48 | Palantir Technologies Inc.PLTR · Technology | 0.18x | 7.23 | 49.0% | 30.9% | $484.0B |
| 49 | Mega Fortune Company Limited Ordinary SharesMGRT · Technology | 0.19x | 4.88 | 16.1% | 11.5% | $1.2B |
| 50 | Hecla Mining CompanyHL · Basic Materials | 0.19x | 5.20 | 20.8% | 12.5% | $8.9B |
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 stocks with the least debt list?
Formula Systems 1985 Ltd ADR (FORTY), with a debt/equity of 0.02x, as of October 12, 2026.
How is this list built?
Companies worth over $1 billion with the lowest debt relative to shareholders' equity, and still profitable. 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.