PositoAI
a positivity index
Home Explore Actions Flows Indices News Watchlist Compare PosiDemy Screeners Insights

Top 10 Debt-Free Meso Cap Stocks (₹10,000 Cr to ₹1 lakh Cr) in the US — Top 100 List

PosiCap · PositoAI classification

Of the 1,281 meso cap companies in the US on PositoAI, 207 report no debt (banks and lenders left out). First on the list is IPG Photonics Corporation (Positivity Score 24,524). 203 of them have lease obligations (offices, buildings and similar) but no borrowings; the rest have neither. None of the top 10 has an active red or yellow flag.

Meso Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹10,000 Cr to ₹1 lakh Cr (about $1.1B to $10.6B). It is not the SEBI or index definition. About PosiCap

Positivity ScoreHigh dividendDebt freeLow debtLow PEBelow book valueHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week lowHigh score near 52-week high
#Company Score Market Cap
(INR Cr) / USD		 P/E P/B Owes vs
Owns		 Leases ROE Div
Yield		 FlagSector
1 IPG Photonics CorporationIPGP 24,524 ₹27,867$2.95B 106.8 1.39 0.12× $17M 1.3% 0 — Technology
2 X-Energy, Inc.XE 24,365 ₹40,773$4.32B Loss 2.38 0.07× $21M — 0 — Industrials
3 WEBTOON Entertainment Inc.WBTN 24,239 ₹12,169$1.29B Loss 1.11 0.23× $24M -26.3% 0 — Communication Services
4 The Trade Desk, Inc.TTD 23,517 ₹58,729$6.22B 15.9 2.42 0.55× $436M 15.4% 0 — Communication Services
5 Kratos Defense & Security Solutions, Inc.KTOS 23,294 ₹67,811$7.18B 225.1 2.10 0.16× $146M 1.1% 0 — Industrials
6 American Superconductor CorporationAMSC 23,132 ₹11,435$1.21B 8.4 2.12 0.25× $4M 30.2% 0 — Industrials
7 Photronics, Inc.PLAB 22,981 ₹15,536$1.65B 9.9 1.29 0.12× $6M 13.8% 0 — Technology
8 Oklo Inc.OKLO 22,928 ₹47,425$5.02B Loss 1.53 0.03× $1M -7.7% 0 — Utilities
9 Columbia Sportswear CompanyCOLM 22,532 ₹29,993$3.18B 16.2 1.98 0.43× $478M 12.7% 2.02% — Consumer Cyclical
10 PC Connection, Inc.CNXN 22,508 ₹21,085$2.23B 23.4 2.34 0.33× $2M 10.4% 0.91% — Technology

Top 20

11 HawkEye 360, Inc.HAWK 22,418 ₹10,791$1.14B Loss 1.44 0.12× $16M — 0 — Industrials
12 Octave Intelligence plcOCTV 22,361 ₹53,412$5.66B 18.3 1.11 0.24× $61M — 0 ⚑ Technology
13 RUM Group Inc.RUM 22,269 ₹20,918$2.22B Loss 1.66 0.33× $2M -18.4% 0 — Communication Services
14 Inspire Medical Systems, Inc.INSP 22,253 ₹19,827$2.10B 16.0 2.54 0.11× $32M 18.0% 0 — Healthcare
15 Universal Display CorporationOLED 22,234 ₹37,943$4.02B 21.1 2.39 0.11× $19M 11.5% 2.39% — Technology
16 United States Lime & Minerals, Inc.USLM 22,233 ₹30,193$3.20B 23.9 4.60 0.07× $4M 21.4% 0.23% — Basic Materials
17 Yelp Inc.YELP 22,184 ₹10,602$1.12B 10.0 1.74 0.35× $25M 18.2% 0 — Communication Services
18 QuantumScape CorporationQS 22,117 ₹24,252$2.57B Loss 2.45 0.10× $71M -39.1% 0 — Consumer Cyclical
19 Calix, Inc.CALX 22,091 ₹21,936$2.32B 49.2 3.27 0.26× $16M 6.9% 0 — Technology
20 Uranium Royalty Corp.UROY 22,026 ₹12,157$1.29B 8.9 1.34 0.43× $0M 8.5% 0 — Energy

Top 50

21 Joby Aviation, Inc.JOBY 21,995 ₹44,199$4.68B Loss 2.65 0.36× $37M -65.9% 0 ⚑ Industrials
22 Quantum Computing Inc.QUBT 21,972 ₹14,079$1.49B Loss 0.94 0.03× $2M -1.5% 0 — Technology
23 REX American Resources CorporationREX 21,786 ₹12,469$1.32B 10.9 1.96 0.10× $21M 19.6% 0 — Basic Materials
24 Axcelis Technologies, Inc.ACLS 21,707 ₹30,530$3.23B 35.1 3.03 0.23× $42M 8.9% 0 — Technology
25 GPGI, Inc.GPGI 21,666 ₹34,340$3.64B Loss 1.15 0.08× None -20.6% 0.08% ⚑ Industrials
26 Navitas Semiconductor CorporationNVTS 21,636 ₹21,040$2.23B Loss 2.78 0.04× $6M -52.6% 0 — Technology
27 Cirrus Logic, Inc.CRUS 21,623 ₹52,268$5.54B 13.5 2.53 0.14× $134M 20.9% 0 — Technology
28 La-Z-Boy IncorporatedLZB 21,582 ₹11,493$1.22B 15.4 1.20 0.49× $564M 8.1% 3.38% — Consumer Cyclical
29 J&J Snack Foods Corp.JJSF 21,452 ₹14,971$1.59B 32.9 1.78 0.34× $164M 5.3% 3.91% — Consumer Defensive
30 Duolingo, Inc.DUOL 21,451 ₹62,182$6.59B 16.8 4.67 0.32× $94M 34.4% 0 — Technology
31 Nektar TherapeuticsNKTR 21,359 ₹12,456$1.32B Loss 1.46 0.18× $86M -35.8% 0 — Healthcare
32 Hycroft Mining Holding CorporationHYMC 21,339 ₹13,861$1.47B Loss 5.85 0.14× $0M -73.2% 0 — Basic Materials
33 Acadia Pharmaceuticals Inc.ACAD 21,328 ₹33,032$3.50B 9.1 2.68 0.25× $52M 35.7% 0 — Healthcare
34 Monarch Casino & Resort, Inc.MCRI 21,320 ₹19,201$2.03B 18.2 3.53 0.22× $13M 20.5% 1.06% — Consumer Cyclical
35 Kardigan, Inc.KARD 21,274 ₹11,244$1.19B Loss 1.94 0.15× $14M — 0 — Healthcare
36 American Eagle Outfitters, Inc.AEO 21,266 ₹28,297$3.00B 9.2 1.70 0.59× $1,700M 20.0% 2.88% — Consumer Cyclical
37 Boot Barn Holdings, Inc.BOOT 21,229 ₹34,234$3.63B 15.2 2.67 0.47× $773M 19.2% 0 — Consumer Cyclical
38 Kailera Therapeutics, Inc.KLRA 21,225 ₹16,238$1.72B Loss 1.54 0.08× $11M — 0 — Healthcare
39 Rogers CorporationROG 21,181 ₹21,738$2.30B 74.9 1.91 0.17× $22M 2.6% 0 — Technology
40 Gibraltar Industries, Inc.ROCK 21,096 ₹10,994$1.16B 19.4 1.31 0.68× $58M 6.2% 0 — Industrials
41 STAAR Surgical CompanySTAA 20,977 ₹10,644$1.13B 281.1 3.09 0.23× $38M 1.1% 0 — Healthcare
42 Strategic Education, Inc.STRA 20,971 ₹17,102$1.81B 13.6 1.11 0.21× $109M 8.2% 3.02% — Consumer Defensive
43 UiPath, Inc.PATH 20,968 ₹68,574$7.26B 20.8 3.73 0.33× $81M 20.0% 0 — Technology
44 Innovex International, Inc.INVX 20,896 ₹18,437$1.95B 31.4 1.85 0.20× $79M 6.0% 0 — Energy
45 NetScout Systems, Inc.NTCT 20,877 ₹26,291$2.79B 23.5 1.67 0.28× $40M 7.5% 0 ⚑ Technology
46 Revolve Group, Inc.RVLV 20,870 ₹15,224$1.61B 22.5 3.00 0.36× $32M 14.3% 0 — Consumer Cyclical
47 Powell Industries, Inc.POWL 20,858 ₹51,827$5.49B 28.9 7.26 0.46× $2M 28.2% 0.21% — Industrials
48 Intellia Therapeutics, Inc.NTLA 20,857 ₹14,760$1.56B Loss 2.15 0.15× $93M -55.4% 0 — Healthcare
49 Veracyte, Inc.VCYT 20,846 ₹34,935$3.70B 32.9 2.67 0.07× $40M 8.8% 0 — Healthcare
50 SoundHound AI, Inc.SOUN 20,842 ₹18,864$2.00B Loss 4.08 0.27× $4M -32.2% 0 — Technology

Top 100

51 Pattern Group Inc.PTRN 20,827 ₹27,679$2.93B Loss 4.54 0.40× $31M 4.9% 0 — Consumer Cyclical
52 Marcus & Millichap, Inc.MMI 20,811 ₹10,109$1.07B 76.4 1.85 0.24× $78M 2.4% 1.78% — Real Estate
53 Weis Markets, Inc.WMK 20,718 ₹18,753$1.99B 20.4 1.43 0.32× $172M 7.3% 1.79% ⚑ Consumer Defensive
54 Sprinklr, Inc.CXM 20,630 ₹14,661$1.55B 74.3 2.99 0.51× $47M 4.4% 0 — Technology
55 Urban Outfitters, Inc.URBN 20,614 ₹71,387$7.56B 13.8 2.65 0.44× $1,226M 20.9% 0 ⚑ Consumer Cyclical
56 Perdoceo Education CorporationPRDO 20,509 ₹19,976$2.12B 12.3 2.05 0.23× $118M 17.6% 2.08% — Consumer Defensive
57 Perpetua Resources Corp.PPTA 20,452 ₹20,380$2.16B Loss 3.00 0.07× $0M -37.8% 0 — Basic Materials
58 Doximity, Inc.DOCS 20,433 ₹56,665$6.00B 39.6 6.55 0.15× $10M 17.2% 0 — Healthcare
59 Dolby Laboratories, Inc.DLB 20,359 ₹55,948$5.93B 26.9 2.29 0.18× $39M 8.8% 2.30% — Industrials
60 Rambus Inc.RMBS 20,344 ₹87,768$9.30B 39.3 6.34 0.09× $25M 17.8% 0 — Technology
61 Bicara Therapeutics Inc.BCAX 20,310 ₹10,999$1.17B Loss 2.49 0.08× $2M -41.0% 0 — Healthcare
62 Proto Labs, Inc.PRLB 20,302 ₹19,048$2.02B 67.0 2.92 0.13× $3M 4.5% 0 — Industrials
63 Privia Health Group, Inc.PRVA 20,290 ₹27,592$2.92B 109.0 3.74 0.44× $10M 4.3% 0 — Healthcare
64 Anterix Inc.ATEX 20,287 ₹13,541$1.43B 20.9 5.02 0.43× $4M 27.9% 0 — Communication Services
65 Global Industrial CompanyGIC 20,285 ₹16,154$1.71B 20.3 4.99 0.45× $104M 26.5% 2.45% — Industrials
66 Robert Half Inc.RHI 20,280 ₹36,406$3.86B 32.8 3.19 0.58× $246M 9.1% 6.81% — Industrials
67 Cavco Industries, Inc.CVCO 20,258 ₹39,733$4.21B 23.8 3.82 0.26× $31M 16.7% 0 — Consumer Cyclical
68 UniFirst CorporationUNF 20,251 ₹47,623$5.05B 46.3 2.30 0.22× $72M 5.0% 0.53% — Industrials
69 SPS Commerce, Inc.SPSC 20,225 ₹31,242$3.31B 44.4 3.53 0.17× $7M 8.3% 0 — Technology
70 Innospec Inc.IOSP 20,184 ₹22,940$2.43B 20.1 1.81 0.27× $53M 9.1% 1.80% — Basic Materials
71 Cactus, Inc.WHD 20,183 ₹39,743$4.21B 50.7 3.39 0.34× $38M 13.1% 0.94% — Energy
72 Omada Health, Inc.OMDA 20,182 ₹10,967$1.16B 79.1 4.60 0.23× None 1.8% 0 — Healthcare
73 Rapport Therapeutics, Inc.RAPP 20,112 ₹12,014$1.27B Loss 3.01 0.08× $11M -40.0% 0 — Healthcare
74 The Buckle, Inc.BKE 20,100 ₹23,086$2.45B 10.9 5.00 0.55× $384M 45.8% 3.04% — Consumer Cyclical
75 Infleqtion, Inc.INFQ 20,083 ₹18,719$1.98B Loss 3.45 0.10× $6M — 0 ⚑ Technology
76 Onto Innovation Inc.ONTO 20,080 ₹92,027$9.75B 74.7 5.07 0.48× $17M 6.8% 0 — Technology
77 DoubleVerify Holdings, Inc.DV 19,975 ₹19,990$2.12B 38.7 1.94 0.16× $100M 5.4% 0 — Communication Services
78 LiveRamp Holdings, Inc.RAMP 19,949 ₹21,943$2.32B 15.8 2.38 0.24× $30M 16.1% 0 — Technology
79 Damora Therapeutics, Inc.DMRA 19,919 ₹12,650$1.34B Loss 2.60 0.05× $0M -99.7% 0 ⚑ Healthcare
80 Cricut, Inc.CRCT 19,889 ₹12,699$1.35B 15.6 3.65 0.37× $12M 25.9% 3.16% — Technology
81 Generate Biomedicines, Inc.GENB 19,799 ₹15,495$1.64B Loss 3.60 0.19× $69M — 0 — Healthcare
82 LB Pharmaceuticals IncLBRX 19,757 ₹12,003$1.27B 394.2 3.83 0.08× $4M -50.0% 0 — Healthcare
83 Karat Packaging Inc.KRT 19,757 ₹10,129$1.07B 21.5 6.25 1.00× $44M 30.6% 3.45% ⚑ Consumer Cyclical
84 Flywire CorporationFLYW 19,747 ₹22,331$2.37B 73.7 2.90 0.30× $1M 4.2% 0 — Technology
85 Pegasystems Inc.PEGA 19,690 ₹56,874$6.03B 22.6 10.75 0.60× $76M 51.5% 0.34% — Technology
86 Vicor CorporationVICR 19,625 ₹78,332$8.30B 47.0 9.95 0.07× $7M 23.5% 0 — Technology
87 C3.ai, Inc.AI 19,616 ₹18,256$1.93B Loss 2.78 0.21× $6M -59.8% 0 — Technology
88 Healthcare Services Group, Inc.HCSG 19,551 ₹16,059$1.70B 16.8 3.28 0.37× $10M 24.7% 0 — Healthcare
89 EagleRock Land LLCEROK 19,534 ₹23,587$2.50B 7.3 7.62 0.03× None — 0 — Energy
90 IES Holdings, Inc.IESC 19,528 ₹88,357$9.36B 19.6 7.62 0.46× $88M 44.5% 0 — Industrials
91 Argan, Inc.AGX 19,496 ₹43,741$4.63B 26.1 9.14 0.64× $3M 39.9% 0.81% — Industrials
92 Hemab Therapeutics Holdings, Inc.COAG 19,490 ₹15,350$1.63B Loss 3.58 0.03× $1M — 0 — Healthcare
93 Tyra Biosciences, Inc.TYRA 19,477 ₹13,544$1.43B Loss 4.06 0.08× $6M -45.3% 0 — Healthcare
94 Supernus Pharmaceuticals, Inc.SUPN 19,400 ₹23,120$2.45B Loss 2.38 0.28× $41M -10.5% 0 — Healthcare
95 Via Transportation, Inc.VIA 19,390 ₹28,698$3.04B Loss 4.92 0.14× $19M -23.6% 0 — Technology
96 Beam Therapeutics Inc.BEAM 19,382 ₹23,944$2.54B Loss 2.38 0.23× $154M -8.2% 0 — Healthcare
97 Sprouts Farmers Market, Inc.SFM 19,326 ₹60,608$6.42B 13.2 4.28 0.65× $1,943M 35.2% 0 — Consumer Defensive
98 Wealthfront CorporationWLTH 19,310 ₹16,510$1.75B Loss 2.82 0.65× $10M -15.5% 0 — Technology
99 National Beverage Corp.FIZZ 19,236 ₹32,756$3.47B 19.9 9.44 0.37× $59M 40.1% 0 — Consumer Defensive
100 Sweetgreen, Inc.SG 19,216 ₹11,483$1.22B 113.6 2.60 0.48× $354M 3.1% 0 — Consumer Cyclical

Debt free in other groups · United States

All of United StatesLarge CapMid CapSmall CapS&P MidCap 400S&P SmallCap 600Nano CapMicro CapMini CapMeso CapTito Cap

Debt free in other countries

India

Questions

Which meso cap companies in the US have no debt?

The first five on PositoAI's list are IPG Photonics Corporation (24,524), X-Energy, Inc. (24,365), WEBTOON Entertainment Inc. (24,239), The Trade Desk, Inc. (23,517), Kratos Defense & Security Solutions, Inc. (23,294).

How many meso cap companies in the US report no debt?

207 of the 1,281 meso cap companies in the US on PositoAI report no debt (banks and lenders left out); this page shows the top 100.

How is this list made?

Companies whose latest annual balance sheet shows no borrowings, ordered by Positivity Score. Lease obligations (for offices, buildings and similar) are not counted as borrowing; they are shown in the Leases column. Banks and lenders are left out, because borrowing is part of their business. The list is updated every day from PositoAI's data.

What is a Meso Cap stock?

Meso Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹10,000 Cr to ₹1 lakh Cr (about $1.1B to $10.6B). It is not the SEBI or index definition.

Are lease obligations counted as debt on this list?

No. Many companies rent offices, buildings or equipment on long leases, and accounts show those payments as lease obligations. This list counts only borrowings, so a company with leases but no loans is debt free here. Each company's lease amount is shown in the Leases column.

Companies whose latest annual balance sheet shows no borrowings, ordered by Positivity Score. Lease obligations (for offices, buildings and similar) are not counted as borrowing; they are shown in the Leases column. Banks and lenders are left out, because borrowing is part of their business. Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All top lists for United States. PositoAI is for research and education only and is not investment advice.

Disclaimer — PositoAI is a research and screening tool for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or mutual fund. Scores and rankings are calculated by PositoAI's own method using publicly available data, which may be incomplete, delayed or inaccurate, and past performance does not indicate future results. AI summaries of company news may contain errors. PositoAI is not registered with the SEC, SEBI or any other regulatory authority. Please do your own research or consult a licensed financial advisor before investing.