Which companies have more cash than debt?
A company with more cash than debt can keep investing, buy back shares or buy rivals when credit gets tight, and it can’t be pushed around by its lenders. In a downturn, the balance sheet decides who has choices.
Updated Sep 27, 2026
72 hold more cash than debt
72 of 386 S&P 500 companies outside finance, insurance and property hold more cash than debt. The typical company would need 3.3 years of free cash flow to repay its debt. GOOGL holds the most net cash, $144.3B.
By sector and over time
The share with net cash in each sector. Select any company below to see its net cash by quarter.
The 60 strongest balance sheets
Ranked by net cash as a share of market value. Debt payback is total debt over a year of free cash flow; a dash means no debt. Select a column to sort.
| Company | Balance sheet | Net cash | % of value | Debt payback | Cash margin | Sector | Net cash, 5 years |
|---|---|---|---|---|---|---|---|
| TTD Trade Desk (The) | 100Net cash | $1.4B | +23% | – | 28% | Communication Services | |
| INCY Incyte | 100Net cash | $4.5B | +18% | 0.0 yrs | 33% | Health Care | |
| CPRT Copart | 99Net cash | $4.2B | +16% | – | 29% | Industrials | |
| VEEV Veeva Systems | 99Net cash | $7.2B | +16% | – | 47% | Health Care | |
| DECK Deckers Brands | 99Net cash | $1.5B | +14% | 0.1 yrs | 21% | Consumer Discretionary | |
| LULU Lululemon Athletica | 99Net cash | $1.5B | +13% | 0.3 yrs | 8% | Consumer Discretionary | |
| EXPE Expedia Group | 98Net cash | $3.6B | +11% | 1.0 yrs | 31% | Consumer Discretionary | |
| ALGN Align Technology | 98Net cash | $1.1B | +10% | – | 18% | Health Care | |
| ABNB Airbnb | 98Net cash | $9.5B | +10% | 0.6 yrs | 36% | Consumer Discretionary | |
| LYV Live Nation Entertainment | 98Net cash | $4.0B | +10% | 3.7 yrs | 5% | Communication Services | |
| FSLR First Solar | 97Net cash | $1.7B | +9% | 0.0 yrs | 22% | Information Technology | |
| GDDY GoDaddy | 97Net cash | $1.1B | +8% | 0.0 yrs | 33% | Information Technology | |
| MNST Monster Beverage | 97Net cash | $3.0B | +7% | – | 24% | Consumer Staples | |
| FFIV F5, Inc. | 97Net cash | $1.6B | +6% | – | 29% | Information Technology | |
| NEM Newmont | 96Net cash | $8.0B | +6% | 0.4 yrs | 57% | Materials | |
| EW Edwards Lifesciences | 96Net cash | $3.0B | +6% | 0.6 yrs | 17% | Health Care | |
| ISRG Intuitive Surgical | 96Net cash | $8.6B | +6% | – | 21% | Health Care | |
| MRNA Moderna | 96Net cash | $4.5B | +6% | – | -55% | Health Care | |
| VRTX Vertex Pharmaceuticals | 95Net cash | $7.2B | +5% | – | 30% | Health Care | |
| GEV GE Vernova | 95Net cash | $13.1B | +5% | – | 30% | Industrials | |
| EXPD Expeditors International | 95Net cash | $1.2B | +5% | 0.1 yrs | 8% | Industrials | |
| ANET Arista Networks | 95Net cash | $12.4B | +5% | – | 54% | Information Technology | |
| GRMN Garmin | 94Net cash | $2.7B | +5% | – | 20% | Consumer Discretionary | |
| ACN Accenture | 94Net cash | $5.0B | +5% | 0.4 yrs | 17% | Information Technology | |
| COST Costco | 94Net cash | $16.6B | +4% | 0.5 yrs | 3% | Consumer Staples | |
| DDOG Datadog | 94Net cash | $3.5B | +4% | 1.2 yrs | 29% | Information Technology | |
| WDAY Workday, Inc. | 93Net cash | $1.6B | +3% | 0.6 yrs | 28% | Information Technology | |
| GOOGL Alphabet Inc. (Class A) | 93Net cash | $144.3B | +3% | 1.8 yrs | 12% | Communication Services | |
| FIX Comfort Systems USA | 93Net cash | $1.8B | +3% | 0.0 yrs | 19% | Industrials | |
| RMD ResMed | 92Net cash | $972.7M | +3% | 0.4 yrs | 32% | Health Care | |
| WSM Williams-Sonoma, Inc. | 92Net cash | $811.9M | +3% | 0.2 yrs | 17% | Consumer Discretionary | |
| EA Electronic Arts | 92Net cash | $1.5B | +3% | 0.6 yrs | 31% | Communication Services | |
| SMCI Supermicro | 92Net cash | $841.0M | +3% | – | -18% | Information Technology | |
| FTNT Fortinet | 91Net cash | $3.6B | +3% | 0.1 yrs | 55% | Information Technology | |
| RL Ralph Lauren Corporation | 91Net cash | $614.4M | +3% | 1.9 yrs | 9% | Consumer Discretionary | |
| DASH DoorDash | 91Net cash | $2.2B | +3% | 1.9 yrs | 12% | Consumer Discretionary | |
| TSLA Tesla, Inc. | 91Net cash | $34.2B | +3% | 1.6 yrs | 6% | Consumer Discretionary | |
| EME Emcor | 90Net cash | $816.2M | +2% | 0.1 yrs | 6% | Industrials | |
| WBD Warner Bros. Discovery | 90Net cash | $1.8B | +2% | 0.6 yrs | 6% | Communication Services | |
| SNA Snap-on | 90Net cash | $440.7M | +2% | 1.1 yrs | 21% | Industrials | |
| SWKS Skyworks Solutions | 90Net cash | $302.3M | +2% | 2.5 yrs | 5% | Information Technology | |
| TJX TJX Companies | 89Net cash | $3.1B | +2% | 0.5 yrs | 9% | Consumer Discretionary | |
| MPWR Monolithic Power Systems | 89Net cash | $1.4B | +2% | – | 13% | Information Technology | |
| DXCM Dexcom | 89Net cash | $600.9M | +2% | 1.0 yrs | 28% | Health Care | |
| PLTR Palantir Technologies | 89Net cash | $8.0B | +2% | – | 51% | Information Technology | |
| MU Micron Technology | 88Net cash | $20.3B | +2% | 0.2 yrs | 29% | Information Technology | |
| CRWD CrowdStrike | 88Net cash | $4.3B | +2% | 0.5 yrs | 29% | Information Technology | |
| NVR NVR, Inc. | 88Net cash | $289.1M | +2% | 0.8 yrs | 13% | Consumer Discretionary | |
| LITE Lumentum | 88Net cash | $1.1B | +2% | 6.2 yrs | 9% | Information Technology | |
| PANW Palo Alto Networks | 87Net cash | $4.2B | +2% | 0.1 yrs | 41% | Information Technology | |
| ADSK Autodesk | 87Net cash | $625.0M | +1% | 1.2 yrs | 36% | Information Technology | |
| BKR Baker Hughes | 87Net cash | $803.0M | +1% | 5.2 yrs | 11% | Energy | |
| SNDK Sandisk | 86Net cash | $3.7B | +1% | – | 34% | Information Technology | |
| NTAP NetApp | 86Net cash | $488.0M | +1% | 1.6 yrs | 24% | Information Technology | |
| NVDA Nvidia | 86Net cash | $66.0B | +1% | 0.3 yrs | 42% | Information Technology | |
| TPL Texas Pacific Land Corporation | 86Net cash | $247.6M | +1% | – | 59% | Energy | |
| MSFT Microsoft | 85Net cash | $36.5B | +1% | 0.6 yrs | 20% | Information Technology | |
| WDC Western Digital | 85Net cash | $1.6B | +1% | 0.6 yrs | 25% | Information Technology | |
| CMG Chipotle Mexican Grill | 85Net cash | $360.9M | +1% | 0.2 yrs | 13% | Consumer Discretionary | |
| AMD Advanced Micro Devices | 85Net cash | $8.5B | +1% | 0.5 yrs | 23% | Information Technology |
How to read this page
How it’s measured. Cash and short-term investments minus total debt, from the latest reported balance sheet, as a share of market value. Banks, insurers, health plans and real estate are left out: debt or policy reserves are part of how they operate.
Sources. Daily prices and company financial statements from Financial Modeling Prep.
Net cash is cash and short-term investments minus all borrowings. The score ranks it as a share of market value from 0 to 100, so a small company with a large cash pile can outrank a giant.
In our research, a strong balance sheet works mainly as a cushion: durable companies fell less in bad markets, but did not earn more on their own.
This page is information, not investment advice. About our data and methods ›