Top 10 Debt-Free S&P MidCap 400 Stocks — Top 20 List
Of the 383 S&P MidCap 400 companies on PositoAI, 46 report no debt (banks and lenders left out). First on the list is IPG Photonics Corporation (Positivity Score 24,524). 46 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.
| # | Company | Score | Market Cap (INR Cr) / USD |
P/E | P/B | Owes vs Owns |
Leases | ROE | Div Yield |
Flag | Sector |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | IPG Photonics CorporationIPGP | 24,524 | ₹27,867$2.95B | 106.8 | 1.39 | 0.12× | $17M | 1.3% | 0 | — | Technology |
| 2 | Kratos Defense & Security Solutions, Inc.KTOS | 23,294 | ₹67,811$7.18B | 225.1 | 2.10 | 0.16× | $146M | 1.1% | 0 | — | Industrials |
| 3 | Columbia Sportswear CompanyCOLM | 22,532 | ₹29,993$3.18B | 16.2 | 1.98 | 0.43× | $478M | 12.7% | 2.02% | — | Consumer Cyclical |
| 4 | Universal Display CorporationOLED | 22,234 | ₹37,943$4.02B | 21.1 | 2.39 | 0.11× | $19M | 11.5% | 2.39% | — | Technology |
| 5 | Cirrus Logic, Inc.CRUS | 21,623 | ₹52,268$5.54B | 13.5 | 2.53 | 0.14× | $134M | 20.9% | 0 | — | Technology |
| 6 | Duolingo, Inc.DUOL | 21,451 | ₹62,182$6.59B | 16.8 | 4.67 | 0.32× | $94M | 34.4% | 0 | — | Technology |
| 7 | UiPath, Inc.PATH | 20,968 | ₹68,574$7.26B | 20.8 | 3.73 | 0.33× | $81M | 20.0% | 0 | — | Technology |
| 8 | Globus Medical, Inc.GMED | 20,804 | ₹1,03,488$10.96B | 20.9 | 2.30 | 0.13× | $119M | 11.8% | 0 | — | Healthcare |
| 9 | Mueller Industries, Inc.MLI | 20,530 | ₹1,13,844$12.06B | 14.0 | 3.40 | 0.16× | $27M | 26.3% | 1.22% | — | Industrials |
| 10 | Doximity, Inc.DOCS | 20,433 | ₹56,665$6.00B | 39.6 | 6.55 | 0.15× | $10M | 17.2% | 0 | — | Healthcare |
Top 20 | |||||||||||
| 11 | Dolby Laboratories, Inc.DLB | 20,359 | ₹55,948$5.93B | 26.9 | 2.29 | 0.18× | $39M | 8.8% | 2.30% | — | Industrials |
| 12 | Rambus Inc.RMBS | 20,344 | ₹87,768$9.30B | 39.3 | 6.34 | 0.09× | $25M | 17.8% | 0 | — | Technology |
| 13 | Pinterest, Inc.PINS | 20,091 | ₹1,22,571$12.99B | 67.4 | 4.49 | 0.39× | $262M | 6.5% | 0 | — | Communication Services |
| 14 | Onto Innovation Inc.ONTO | 20,080 | ₹92,027$9.75B | 74.7 | 5.07 | 0.48× | $17M | 6.8% | 0 | — | Technology |
| 15 | Neurocrine Biosciences, Inc.NBIX | 19,975 | ₹1,37,483$14.57B | 21.0 | 3.94 | 0.31× | $415M | 22.1% | 0 | ⚑ | Healthcare |
| 16 | Pegasystems Inc.PEGA | 19,690 | ₹56,874$6.03B | 22.6 | 10.75 | 0.60× | $76M | 51.5% | 0.34% | — | Technology |
| 17 | Vicor CorporationVICR | 19,625 | ₹78,332$8.30B | 47.0 | 9.95 | 0.07× | $7M | 23.5% | 0 | — | Technology |
| 18 | The New York Times CompanyNYT | 19,586 | ₹1,05,682$11.20B | 28.9 | 5.47 | 0.31× | $37M | 19.7% | 1.34% | ⚑ | Communication Services |
| 19 | IES Holdings, Inc.IESC | 19,528 | ₹88,357$9.36B | 19.6 | 7.62 | 0.46× | $88M | 44.5% | 0 | — | Industrials |
| 20 | Sprouts Farmers Market, Inc.SFM | 19,326 | ₹60,608$6.42B | 13.2 | 4.28 | 0.65× | $1,943M | 35.2% | 0 | — | Consumer Defensive |
Debt free in other groups · United States
Debt free in other countries
Questions
Which S&P MidCap 400 companies have no debt?
The first five on PositoAI's list are IPG Photonics Corporation (24,524), Kratos Defense & Security Solutions, Inc. (23,294), Columbia Sportswear Company (22,532), Universal Display Corporation (22,234), Cirrus Logic, Inc. (21,623).
How many S&P MidCap 400 companies report no debt?
46 of the 383 S&P MidCap 400 companies on PositoAI report no debt (banks and lenders left out); this page shows the top 20.
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.
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.