Citigroup is a global bank. It takes deposits and makes loans, issues credit cards to consumers, and serves corporations, governments and institutions with lending, payments, trading and the plumbing that moves money across borders. It earns the spread between what it pays for funds and what it collects on loans and securities, plus fees for handling transactions and arranging deals.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Cable One is a leading broadband communications provider delivering exceptional service and enabling our customers to thrive and stay connected to what matters most.
Credit Acceptance Corporation makes vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
Conagra Brands is a branded consumer packaged goods food company that operates in many sectors of the food industry, with a significant focus on the sale of branded, value-added consumer food products, as well as foodservice items and ingredients.
Cardinal Health is a wholesale distributor of pharmaceuticals and medical products. It buys drugs and supplies from manufacturers in bulk and delivers them to the pharmacies, hospitals, and other providers that dispense them, taking a small cut on each item that passes through. It is a middleman of enormous volume: it earns pennies on the dollar but moves a great many dollars.
We develop and commercialize innovative solutions to transform healthcare through the use of comprehensive molecular information and artificial intelligence/machine learning algorithms at scale.
Callaway Golf Company is a leading golf equipment, gear and apparel company with a portfolio of global brands, including Callaway Golf, Odyssey, TravisMathew and OGIO.
We are one of the ten largest independent distributors by motor fuel volume in the United States for ExxonMobil, BP and Marathon, and we also distribute Shell, Valero and Phillips 66-branded motor fuels.
A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $16.31 · dividend paid 1 of 7 yrs, cut at least once
Carrier Global Corporation is a global leader in intelligent climate and energy solutions, focused on providing differentiated, digitally enabled lifecycle solutions to our customers.
We enable more than 2,200 retail banners as of December 31, 2025 to grow by providing technology that can accelerate the digital transformation of their entire business both online and in-store.
Cass Information Systems Inc provides payment and information processing services to large manufacturing, distribution and retail enterprises across the United States.
Caterpillar makes heavy machines — construction and mining equipment, off-highway diesel and natural-gas engines, industrial gas turbines, and diesel-electric locomotives — and sells them to builders, miners, and energy and transport customers, mostly through a network of independent dealers. It also runs a finance arm that lends to the dealers and customers who buy the iron. The money comes from selling the machines and, over their long working lives, the parts and service that keep them running.
Chubb is an insurer. It sells property and casualty coverage to businesses and to individuals, along with accident and health and life insurance, across many countries, and it reaches customers through independent agents and brokers. It takes in premiums up front, invests the money it holds against future claims, and earns from the gap between what it collects, what it pays out, and what those investments return.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Our company is a biotechnology company that is the result of a reverse recapitalization transaction with a private company named Crescent Biopharma, Inc.
The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
A property business, read on funds from operations and net asset value rather than reported earnings.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $21.34 · dividend paid 4 of 5 yrs, cut at least once
Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe, and Asia Pacific.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $113 · dividend paid 10 of 10 yrs, never cut
CBRE gets paid to handle commercial real estate for the people who own it and the companies that occupy it. The bulk of the work is running buildings and managing projects under outsourcing contracts; alongside that, it brokers leases and property sales, arranges financing, and invests in real estate on behalf of others. It collects fees and management charges rather than owning the property itself.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Commerce Bancshares operates under a super-community banking format which incorporates large bank product offerings coupled with deep local market knowledge, augmented by experienced, centralized support in select, critical areas.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs
The Company's business philosophy is to operate as a diversified financial services enterprise providing a broad array of banking and other financial services to retail, commercial, institutional and governmental customers.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $51.03 · dividend paid 10 of 10 yrs, never cut
CCC is a leading Software-as-a-Service and AI platform provider for the multi-trillion-dollar insurance economy powering operations for insurers, repairers, automakers, part suppliers, and more.
We are a clinical-stage biopharmaceutical company dedicated to delivering on the promise of targeted protein degradation, or TPD, science to create a new generation of small-molecule medicines that transform patients' lives.
CCC is a leading Software-as-a-Service and AI platform provider for the multi-trillion-dollar insurance economy powering operations for insurers, repairers, automakers, part suppliers, and more.
Our core business is providing access, including space or capacity, to our towers via long-term contracts in various forms, including lease, license, sublease and service agreements.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $128 · dividend paid 10 of 10 yrs, cut at least once
Carnival sells leisure vacations at sea. It owns and operates a fleet of cruise ships under a group of brands, filling the cabins with travelers — most from North America, the rest largely from Europe — who pay a fare to sail and then spend more once aboard, on drinks, shore excursions, casinos and the like. The money comes from ticket sales and that onboard spending; the cost of building, fueling and crewing the ships stands against it.
Clear Channel Outdoor Holdings Inc. is a leading provider of out-of-home advertising solutions, offering advertisers impactful and innovative opportunities to reach mass audiences across a variety of high-traffic public spaces.
We are a facilities-based provider of low-cost, high-speed Internet access, private network services, optical wavelength and optical transport services and data center colocation space and power.
Century Communities, Inc. is engaged in the development, design , construction, marketing and sale of single-family attached and detached homes in 16 states.
We deliver broadband, wireless, video and voice services primarily under the Xfinity, Comcast Business, Sky and NOW brands; produce, distribute and stream leading entertainment, sports and news through brands including NBC, Telemundo, Universal, Peacock and Sky; and own and operate Universal theme parks.
Cadence is a global technology leader that develops computational, AI-driven software, accelerated hardware, and silicon intellectual property products and solutions.
We are a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets.
Owner earnings 2020–2025$41M$37M$42M$66M$26M$57M
Retained capitalRetained $110M of earnings over 2020–2025; annual owner earnings grew $10M, $0.09 per $1 retained.
Balance sheetMeaningful net debt, $184M · dividend paid 5 of 6 yrs, cut at least once
CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada.
We are a water solutions provider with a unique combination of land, water, pipeline and water filtration assets located in Southern California between major water systems serving population centers in the Southwestern United States.
We are a water solutions provider with a unique combination of land, water, pipeline and water filtration assets located in Southern California between major water systems serving population centers in the Southwestern United States.
We are a global producer of high performance engineered polymers that are used in a variety of high-value applications, as well as one of the world's largest producers of acetyl products, which are intermediate chemicals for nearly all major industries.
CECO Environmental Corp. is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally by providing innovative technology and application expertise.
We develop, process, market, sell, manufacture and distribute a portfolio of differentiated products with innovative formulas meant to positively impact the lives of our consumers.
Capstone Energy+, Inc. is a leading provider of behind-the-meter clean energy solutions for industrial and commercial operations, along with solutions designed for the next generation of artificial intelligence and data center applications.
We are a global leader in biosimulation science, technology, and consulting services for using Model-Informed Drug Development in the global biopharmaceutical and biotech industry.
We are the leader in silicon and software intellectual property enabling Physical AI - the intelligence embedded directly into billions of devices that connect, sense, and infer data in the real world.
We offer a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $35.03 · dividend paid 4 of 4 yrs, never cut
Carlyle is one of the world's largest global investment firms that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest .
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Carlyle is one of the world's largest global investment firms that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest .
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Cognex sells to customers in nearly all major industries in which discrete items are manufactured on an assembly line or moved through a distribution center or warehouse.
City National provides banking, wealth and investment management and other financial solutions through its network of 96 bank branches and 934 full-time equivalent associates located in West Virginia, Kentucky, Virginia and southeastern Ohio.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $80.13 · dividend paid 10 of 10 yrs, never cut
We develop, manufacture and market a broad range of consumer household and personal care products and specialty products focused on animal and food production, chemicals and cleaners.
Revenue is led by Franchise and management fees (42%) and Revenue for reimbursable costs from franchised and managed properties (39%), with 3 more lines behind.
A balance-sheet business, read on book value, net interest margin and credit losses rather than an earnings multiple.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $32.93 · dividend paid 10 of 10 yrs, cut at least once
Chord Energy Corporation is an independent exploration and production company engaged in the acquisition, exploration, development and production of crude oil, NGL and natural gas primarily in the Williston Basin with limited non-operated interests in the Marcellus Shale.
We are the nation's largest cooperative energy company based on revenues and identifiable assets, with operations that include petroleum refining and pipelines; supply, marketing and distribution of refined fuels; blending, sale and distribution of lubricants; and wholesale supply of propane and other natural gas liquids.
We are the nation's largest cooperative energy company based on revenues and identifiable assets, with operations that include petroleum refining and pipelines; supply, marketing and distribution of refined fuels; blending, sale and distribution of lubricants; and wholesale supply of propane and other natural gas liquids.
Charter sells broadband internet and related connectivity and entertainment services to homes and businesses across much of the United States, under the Spectrum brand. It owns the wires and the network that run into the home, and customers pay a monthly bill to stay connected. The plant belongs to Charter; the money comes from the recurring subscriptions that ride over it.
We are the preeminent online source for pet products, supplies and prescriptions as a result of our broad selection of high-quality products and services, which we offer at competitive prices and deliver with an exceptional level of care and a personal touch to build brand loyalty and drive repeat purchasing.
Cigna is a health company that sells insurance and health-benefit administration to employers, government programs, and individuals, and that also runs a pharmacy-benefit operation. On the insurance side it collects premiums and pays medical claims; for a large share of its employer customers it bears no insurance risk at all but is paid a fee to administer the employer's own self-funded plan. The pharmacy-benefit side negotiates drug prices with manufacturers and processes prescriptions, and much of the company's reported revenue is simply the drugs that pass through it.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $193 · dividend paid 1 of 4 yrs, never cut
We are a network technology company, providing hardware, software, and services to a wide range of network operators and enabling enhanced network capacity, service delivery, and automation.
Through our mortgage lending, investment management, and advisory services platforms, we operate as a fully integrated mortgage business that originates, manages, and invests in a diversified range of mortgage assets.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Through our mortgage lending, investment management, and advisory services platforms, we operate as a fully integrated mortgage business that originates, manages, and invests in a diversified range of mortgage assets.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Colgate-Palmolive makes and sells branded everyday goods — toothpaste and the rest of oral care, where the Colgate name holds a leading position around the world, alongside soaps and personal care, dish and surface cleaners, and Hill's pet nutrition. It sells through retailers into many countries, and earns its money on the steady, repeat purchase of those familiar items rather than on any single sale. The economics turn on moving a great many small, ordinary products, day after day, at a price above what they cost to make.
Clearfield is focused on providing fiber management, fiber protection, and fiber delivery products that accelerate the turn-up of fiber-based networks in residential homes, businesses, and network infrastructure in the wireline and wireless access network.
We manufacture, formulate and market a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets.
Owner earnings 2022–2025($436M)($287M)($123M)$57M
Retained capitalPaid out $381M more than it earned over 2022–2025; annual owner earnings grew $164M.
Clean Energy Fuels Corp. is a leading renewable energy company focused on the procurement and distribution of renewable natural gas and conventional natural gas, in the form of compressed natural gas and liquefied natural gas, for the United States and Canadian transportation markets.
Columbus McKinnon is a leading global designer, manufacturer and marketer of intelligent motion solutions for efficiently and ergonomically moving, lifting, positioning and securing materials.
Comcast sells broadband internet, television, and phone service to homes and businesses over a cable network it owns, under the Xfinity name. It also owns NBCUniversal — broadcast and cable channels, a film studio, and theme parks — and Sky, a similar television and internet operation in Europe. The money comes mainly from the monthly bills its connectivity customers pay, with the rest from advertising, programming fees, and tickets at the parks.
Chipotle runs a chain of fast-casual restaurants serving Mexican-style food — burritos, bowls, tacos — assembled to order along a service line. It owns and operates its restaurants rather than selling franchises, so it keeps the full economics of each one. The money comes from the spread between what diners pay for a meal and what it costs to make and serve, store by store, across the whole chain.
Cummins makes engines — diesel and natural gas — along with the power-generation sets, emissions and after-treatment systems, turbochargers, filtration and related components that go with them. It sells these mostly to the makers of trucks, buses, construction and mining equipment, and to buyers who need standby or prime power, and then sells the replacement parts and service that keep that installed base running for years afterward. The money comes from the original equipment and from the long aftermarket tail behind it.
Cimpress is a strategically focused collection of businesses that specialize in print mass customization, through which we deliver large volumes of individually small-sized customized orders of printed materials and promotional products.
We focus primarily on originating loans ranging from $50 million to $300 million on transitional CRE assets located in major U.S. markets with attractive fundamental characteristics supported by macroeconomic tailwinds.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
An insurance business, read on its underwriting result, the combined ratio, and the float it invests, rather than an earnings multiple.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $46.96 · dividend paid 10 of 10 yrs, cut at least once
Centene is a health insurer that mostly covers people in government programs — Medicaid and Medicare — along with families who buy coverage on the Health Insurance Marketplace. It collects premiums, largely from the state and federal governments that pay it to manage members' care, and out of that money it pays the members' medical claims. What is left after claims and overhead is the profit, so the business is a bet that the premium will cover the doctor and hospital bills that follow.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $78.86
CNO is a holding company for a group of insurance companies that develop, market and administer health insurance, annuity, individual life insurance and other insurance and financial services products.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
CenterPoint Energy's operating subsidiaries own and operate electric transmission, distribution and generation facilities and natural gas distribution systems.
Connect Biopharma, headquartered in San Diego, California, is a clinical-stage biopharmaceutical company dedicated to transforming care for asthma and chronic obstructive pulmonary disease.
We are a global technology and services leader that powers exceptional brand experiences and digital operations for more than 2,000 clients across the globe.
ChoiceOne Bank is a full-service banking institution that offers a variety of deposit, payment, credit and other financial services to all types of customers.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once
We are working to update the century-old financial system by providing a trusted platform that makes it easy for our customers to engage with crypto assets.
Owner earnings 2019–2022($97M)$284M$4.0B($1.6B)
Retained capitalRetained $1.3B of earnings over 2019–2022; annual owner earnings fell $497M, $-0.38 per $1 retained.
Coca Cola Consolidated, Inc., a Delaware corporation, distributes, markets and manufactures nonalcoholic beverages in territories spanning 14 states and the District of Columbia.
Columbia Bank is an Oregon state-chartered commercial bank, the deposits of which are insured in whole or in part by the FDIC.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $31.75 · dividend paid 7 of 7 yrs, cut at least once
Our Columbia brand offers authentic, high-value outdoor apparel, footwear, accessories and equipment products suited for hiking, trail running, snow sports, and fishing and hunting activities, as well as everyday outdoor activities.
Our technology offerings provide a strong foundation for real estate professionals and empower them to deliver exceptional service to their clients, grow their businesses, save time, and manage their businesses more effectively.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
ConocoPhillips finds crude oil and natural gas and pulls them out of the ground, then sells what it produces to whoever buys at the going market price. It is an explorer and producer — it does not refine the oil or sell it at the pump — with wells and projects spread across more than a dozen countries. The price it gets is set by world markets, not by the company, so what it keeps turns on holding its cost per barrel below that price.
Cencora is a wholesale distributor of prescription drugs. It buys pharmaceuticals and related healthcare products from manufacturers and delivers them to the pharmacies, hospitals, and other providers that dispense them, taking a small cut on each dollar of product that moves through. Most customers buy on credit, so the business is part logistics network and part lender, financing the inventory that sits between maker and dispenser.
We are a commercial-stage company engaged in the discovery and development of medications to treat severe endocrinologic, oncologic, metabolic and neurologic disorders by modulating the effects of the hormone cortisol.
Core Scientific Inc. designs, builds and operates large-scale, purpose-built data centers that support high-density colocation services and digital asset mining for both our own account and to a lesser extent, third- party customers.
Costco runs a chain of membership warehouse clubs: large, no-frills stores where shoppers pay an annual fee for the right to buy. It stocks a deliberately narrow range of goods — food and household staples alongside general merchandise such as apparel, appliances and home goods, plus ancillary offerings like gasoline, pharmacy and optical — and sells them in bulk at very small markups. The merchandise moves close to cost; the membership fee is where most of the profit comes from.
We use data-driven marketing to efficiently attract learners to a wide range of paid offerings, including standalone courses, multi-course specializations, industry certificate programs, and university degrees.
Corpay Inc. is a global corporate payments company that helps businesses and consumers better manage and pay their expenses in a simple, controlled manner.
We are an energy delivery company engaged in the distribution of natural gas, electricity and propane, the transmission of natural gas, the generation of electricity and steam, and in providing mobile compressed natural gas and other energy-related services to our customers.
Coupang is one of South Korea's largest online retailers. It sells goods it buys and stocks itself, and it also rents its site to outside sellers who pay to reach its shoppers. What sets it apart is that it owns the delivery — its own warehouses, trucks, and drivers carry orders to the door, often the same or next day. The money comes from the markup on its own goods, the fees from third-party sellers, and a paid membership, spread across a dense home market.
We are a leading global provider of online auctions and vehicle remarketing services with operations in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain.
We are a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare and difficult to treat diseases.
Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets.
CRH sells the heavy, low-value materials that go into roads and buildings: crushed stone, sand and gravel, cement, asphalt, ready-mix concrete, and a range of building products, weighted toward North America. It quarries aggregates and turns them into materials sold close to where they are dug, earning the margin between extraction and the delivered price.
Owner earnings 2021–2025$2.4B$2.3B$3.2B$3.2B$3.5B
Retained capitalRetained $9.1B of earnings over 2021–2025; annual owner earnings grew $653M, $0.07 per $1 retained.
Balance sheetMeaningful net debt, $13.4B · buybacks at an average near $61.55
We are a leading independent natural gas producer operating primarily in the Haynesville shale, a premier natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets.
Salesforce sells software that companies rent to manage their dealings with customers — tracking sales, handling service, and running marketing and commerce. It is sold almost entirely by subscription and delivered over the internet, so customers pay year after year to keep the service running rather than buying once. The pitch is to gather a firm's scattered customer records into one place that its people and its software agents all work from.
CorMedix Inc. is a biopharmaceutical company focused on developing and commercializing therapeutic products for life-threatening diseases and conditions.
Cerence is a market leader for building integrated, branded and differentiated virtual assistants for automobiles, offering an extensive solutions portfolio that includes conversational & generative AI as well as audio & communications AI.
Crocs, Inc. and our consolidated subsidiaries are engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for all.
We are a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer markets.
Corsair Gaming Inc. is a leading global provider and innovator of high-performance products for gamers and digital creators such as streamers, vloggers and broadcasters.
Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world's top mobile and consumer applications.
CorVel is an independent nationwide provider of medical cost containment and managed care services designed to address the escalating medical costs of workers' compensation benefits, automobile insurance claims, and group health insurance.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $36.46
CoreWeave Cloud combines proprietary software and orchestration, advanced infrastructure, and managed cloud services within a highly secure environment to deliver best-in-class high-performance computing, enabling our customers to develop, deploy, and operate advanced AI models and applications at scale.
Owner earnings 2023–2025$1.7B$1.9B$604M
Retained capitalnot read
Balance sheetNet debt against an operating loss, $18.2B
Cisco makes the gear that moves data through computer networks — the switches and routers that sit in corporate offices, data centers, and the plumbing of the internet — along with the software and security that ride on top. Its customers are businesses, telecom carriers, and governments, and it reaches most of them through resellers and distributors rather than selling direct, on terms that let those distributors return a portion of inventory, take credits for price changes, and share in cooperative marketing. It earns money on the equipment up front and on software and service contracts that recur.
Castle Biosciences is a molecular diagnostics company offering innovative test solutions to aid clinicians in the diagnosis and treatment of dermatologic cancers, Barrett's esophagus, atopic dermatitis, uveal melanoma.
We provide our products and services to over one million businesses of all types, from small service and manufacturing companies to major corporations that employ thousands of people.
Claritev Corporation is a technology, data and insights company focused on improving transparency, affordability and quality across the healthcare system.
We are a leading cell analysis solutions company advancing the next generation of research and clinical tools with our novel technical approach of leveraging the full spectrum of fluorescence signatures from multiple lasers to distinguish fluorescent tags on single cells.
We are a clinical-stage, oncology-focused biopharmaceutical company dedicated to developing innovative therapies to address major unmet need in oncology.
CareTrust REIT is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, senior housing and other healthcare-related properties.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 4 of 4 yrs, never cut
We are a leading North American utility and energy infrastructure services company with over 115 years of operating history, and we partner with regulated utilities to maintain, upgrade and expand the energy network that powers millions of homes and businesses.
Owner earnings 2022–2025($35M)$61M$59M($8M)
Retained capitalPaid out $354M more than it earned over 2022–2025; annual owner earnings grew $9M.
Balance sheetHeavy net debt, $611M · dividend paid 1 of 4 yrs, cut at least once
Cognizant is an information-technology services firm: it supplies the people and the know-how to build, run, and modernize the software and computing systems that large enterprises depend on. The work is sold by the engagement to big clients, weighted toward health-sciences and financial-services firms, and a large share of it is delivered by staff in lower-cost locations than the client could manage in-house. It earns its keep on the spread between what clients pay for that labor and what it costs to recruit, train, and keep the staff billed out.
Corteva is a leading global provider of seed and crop protection solutions focused on the agriculture industry and contributing to a healthier, more secure and sustainable food supply.
Customers is a forward-thinking bank with strong risk management that provides commercial and consumer customers the stability and trust inherent in working with an established and regulated financial institution.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $38.28
We are a self-administered and self-managed real estate company focused primarily on the ownership, operation, development, management, and acquisition of self-storage properties in the United States.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Customers is a forward-thinking bank with strong risk management that provides commercial and consumer customers the stability and trust inherent in working with an established and regulated financial institution.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $38.28
Curbline Properties Corp. is the first and only publicly traded company that is focused exclusively on convenience shopping centers, which have historically been owned and managed by private and individual investors in local markets or as part of larger, more diversified real estate portfolios.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Cousins, CPLP, CTRS, and their subsidiaries develop, acquire, lease, manage, and own primarily Class A office properties and opportunistic mixed-use developments in the Sun Belt markets of the United States with a focus on lifestyle office properties in Austin, Atlanta, Charlotte, Tampa, Phoenix, Dallas, and Nashville.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 4 of 4 yrs, never cut
We are a global commercial-stage medical technology company focused on creating diagnostic and screening products to identify abnormalities of the GI tract.
We provide hospitality services to remote workforces in Australia and Canada, including catering and food service, lodging, housekeeping and maintenance at accommodation facilities that we or our customers own.
CVR Energy, Inc. is a diversified holding company, formed in September 2006, primarily engaged in the petroleum refining and marketing industry, the renewable fuels industry, and the nitrogen fertilizer manufacturing industry through its interest in CVR Partners, LP, a publicly traded limited partnership.
Commvault Systems is a provider of cyber resiliency solutions designed to help the enterprise protect, secure, and recover their data, applications, and identity systems in a world of increasing cyber threats and attacks.
CVS Health runs three businesses bolted together. It operates a wide network of retail drugstores, where people fill prescriptions and buy everyday goods; it runs a pharmacy benefits manager that sits between drugmakers, insurers, and employers to negotiate drug prices and pay pharmacy claims; and it owns a health insurer that covers a large membership weighted toward Medicare. The money comes from the spread on dispensing and managing drugs, from what the stores sell, and from taking in insurance premiums and paying out less than it collects.
Chevron is an integrated oil and gas company. It finds and pumps crude oil and natural gas, then ships, refines, and sells the fuels, lubricants, and petrochemicals made from them to buyers around the world. The bulk of what it sells is a commodity priced by global markets, so the cash it earns rises and falls with the price of oil and gas more than with anything the company decides.
Our front-to-back platform provides a single source of truth for global investment assets, made available daily or on-demand, instead of weekly or monthly.
Clearway Energy, Inc. is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America.
Cushman & Wakefield Ltd. is a leading global commercial real estate services firm driven to solve complex problems for real estate occupiers and investors.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Crane NXT is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers.
Our affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 36 distinct markets across 14 states.
We are a leading global provider of integrated, temperature-controlled supply chain solutions for the life sciences, with a strong focus on supporting the rapidly growing cell and gene therapy market.
We are a biopharmaceutical company focused on discovering, developing and commercializing novel muscle activators and muscle inhibitors as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining.
The Bank has expanded its presence over the past several decades through a series of mergers as well as by opening new branch and lending offices and providing access to banking services via the internet and through ATMs.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut
Retained capitalPaid out $3.8B more than it earned over 2016–2025; annual owner earnings grew $182M.
Balance sheetHeavy net debt, $10.9B
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