Highest return on capital employed

After-tax operating profit on every dollar of debt and equity in the business, cash included; the clearest single sign of a moat.

The top 50 US-listed companies above $2B, recomputed each night from SEC filings.

Consumer Cyclical takes 5 of the top ten places. Ubiquiti Inc. leads at 81%, and the middle of the list sits at 32% (Texas Pacific Land Corporation).

1. 1UIUbiquiti Inc.Technology81%
2. 2NVDANVIDIA CorporationTechnology67%
3. 3AAPLApple Inc.Technology65%
4. 4APPAppLovinTechnology64%
5. 5ALHAlliance Laundry Holdings Inc.Consumer Cyclical60%
6. 6IDXXIdexx LaboratoriesHealthcare53%
7. 7EATBrinker International, Inc.Consumer Cyclical52%
8. 8CMGChipotle Mexican GrillConsumer Cyclical52%
9. 9WSMWilliams-Sonoma, Inc.Consumer Cyclical51%
10. 10CARGCarGurus, Inc.Consumer Cyclical51%
11. 11BKEThe Buckle, Inc.Consumer Cyclical47%
12. 12ULTAUlta BeautyConsumer Cyclical40%
13. 13FIXComfort Systems USAIndustrials40%
14. 14DECKDeckers BrandsConsumer Cyclical40%
15. 15ADBEAdobe Inc.Technology40%
16. 16SFMSprouts Farmers Market, Inc.Consumer Defensive37%
17. 17LRCXLam ResearchTechnology37%
18. 18DRIDarden RestaurantsConsumer Cyclical36%
19. 19ANFAbercrombie & Fitch Co.Consumer Cyclical36%
20. 20EMEEmcorIndustrials34%
21. 21NTAPNetAppTechnology34%
22. 22PEGAPegasystems Inc.Technology33%
23. 23EXPDExpeditors InternationalIndustrials33%
24. 24LIILennox InternationalIndustrials33%
25. 25IESCIES Holdings, Inc.Industrials33%
26. 26TPLTexas Pacific Land CorporationEnergy32%
27. 27EXELExelixis, Inc.Healthcare32%
28. 28QLYSQualys, Inc.Technology32%
29. 29LULULululemon AthleticaConsumer Cyclical31%
30. 30FASTFastenalIndustrials31%
31. 31CLColgate-PalmoliveConsumer Defensive30%
32. 32GWWW. W. GraingerIndustrials30%
33. 33CLSCelestica Inc.Technology29%
34. 34VRSKVerisk AnalyticsIndustrials29%
35. 35FTITechnipFMC plcEnergy29%
36. 36TXRHTexas Roadhouse, Inc.Consumer Cyclical28%
37. 37ADMAADMA Biologics, Inc.Healthcare28%
38. 38NFLXNetflixCommunication Services28%
39. 39AOSA. O. SmithIndustrials28%
40. 40FIZZNational Beverage Corp.Consumer Defensive28%
41. 41LOPEGrand Canyon Education, Inc.Consumer Defensive27%
42. 42ROLRollins, Inc.Industrials27%
43. 43ITWIllinois Tool WorksIndustrials27%
44. 44NGVTIngevity CorporationBasic Materials27%
45. 45CTASCintasIndustrials27%
46. 46ROSTRoss StoresConsumer Cyclical27%
47. 47TSCOTractor SupplyConsumer Cyclical26%
48. 48POWLPowell Industries, Inc.Industrials26%
49. 49WDFCWD-40 CompanyBasic Materials26%
50. 50MSFTMicrosoft CorporationTechnology26%