US stocks with more cash than debt
Updated November 15, 2026
A company with more cash than debt does not need to sell new shares or borrow expensively in a recession or when rates are high. This list shows quality companies with net cash.
| # | Company | Net cash | Free cash flow | Market cap | Score |
|---|---|---|---|---|---|
| 1 | NVIDIA Corp.NVDA | $17.7B | $96.7B | $3.92T | 4.8 |
| 2 | Comfort Systems USA Inc.FIX | $1.8B | $1.0B | $38.9B | 4.6 |
| 3 | Agnico Eagle Mines Ltd.AEM | $3.3B | $4.4B | $90.2B | 4.4 |
| 4 | NetEase, Inc.NTES | $24.4B | $7.1B | $78.0B | 4.4 |
| 5 | Barrick Mining Corp.B | $909M | $3.9B | $61.2B | 4.4 |
| 6 | Mueller Industries Inc.MLI | $1.5B | $687M | $12.0B | 4.4 |
| 7 | NEWMONT CorpNEM | $3.7B | $7.3B | $117.6B | 4.2 |
| 8 | Resmed Inc.RMD | $400M | $1.6B | $33.7B | 4.2 |
| 9 | Kinross Gold Corp.KGC | $1.9B | $2.6B | $24.5B | 4.2 |
| 10 | Lam Research Corp.LRCX | $3.7B | $4.9B | $282.2B | 4.0 |
| 11 | Schwab Charles Corp.SCHW | $12.8B | $8.8B | $160.5B | 4.0 |
| 12 | Celestica Inc.CLS | $2.9B | $458M | $30.3B | 4.0 |
| 13 | ZTO Express (Cayman) Inc.ZTO | $1.4B | $966M | $15.6B | 4.0 |
| 14 | Alamos Gold Inc.AGI | $415M | $288M | $12.0B | 4.0 |
| 15 | Alphabet Inc.GOOGL | $117.1B | $73.3B | $3.64T | 3.8 |
| 16 | Taiwan Semiconductor Manufacturing Co. Ltd.TSM | $92.2B | $30.2B | $2.07T | 3.8 |
| 17 | ASML Holding NVASML | $11.9B | $13.0B | $576.3B | 3.8 |
| 18 | Trip.com Group LtdTCOM | $7.9B | $1.9B | $27.4B | 3.8 |
| 19 | Evercore Inc.EVR | $1.6B | $1.2B | $11.3B | 3.8 |
| 20 | Microsoft Corp.MSFT | $1.6B | $67.0B | $3.89T | 3.6 |
| 21 | Western Digital Corp.WDC | $390M | $3.5B | $110.7B | 3.6 |
| 22 | Adobe Inc.ADBE | $474M | $9.9B | $94.6B | 3.6 |
| 23 | Fortinet, Inc.FTNT | $3.2B | $2.2B | $93.5B | 3.6 |
| 24 | Snap-on IncSNA | $363M | $1.0B | $19.0B | 3.6 |
| 25 | Watts Water Technologies Inc.WTS | $347M | $356M | $12.0B | 3.6 |
A closer look at the top three
NVIDIA Corp. (NVDA): Net cash of $17.7B. It has revenue growth of 100% a year over three years, an average net margin of 53%, a P/E of about 21, an intrinsic value about 143% above the current price and an overall score of 4.8 out of 5 (strong company).
Comfort Systems USA Inc. (FIX): Net cash of $1.8B. It has revenue growth of 30% a year over three years, an average net margin of 8%, a P/E of about 24, an intrinsic value about 142% above the current price and an overall score of 4.6 out of 5 (strong company).
Agnico Eagle Mines Ltd. (AEM): Net cash of $3.3B. It has revenue growth of 28% a year over three years, an average net margin of 30%, a P/E of about 15, an intrinsic value about 41% below the current price and an overall score of 4.4 out of 5 (strong company).
Frequently asked questions
What does net cash mean?
Cash and equivalents minus total financial debt. A positive number means the company could repay all its debt today.
Is debt always bad?
No; cheap debt can speed up growth. But companies without debt have more room to act in a crisis.
More lists and tools
Lists are generated automatically from SEC filings and market prices and rebuilt every day. They are a starting point for research, not a recommendation to buy or sell.