Top 10 Debt-Free S&P SmallCap 600 Stocks — Top 50 List
Of the 583 S&P SmallCap 600 companies on PositoAI, 64 report no debt (banks and lenders left out). First on the list is Marten Transport, Ltd. (Positivity Score 23,106). 64 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 | Marten Transport, Ltd.MRTN | 23,106 | ₹9,480$1.00B | 82.0 | 1.31 | 0.20× | $0M | 1.6% | 1.90% | — | Industrials |
| 2 | Photronics, Inc.PLAB | 22,981 | ₹15,536$1.65B | 9.9 | 1.29 | 0.12× | $6M | 13.8% | 0 | — | Technology |
| 3 | PC Connection, Inc.CNXN | 22,508 | ₹21,085$2.23B | 23.4 | 2.34 | 0.33× | $2M | 10.4% | 0.91% | — | Technology |
| 4 | Inspire Medical Systems, Inc.INSP | 22,253 | ₹19,827$2.10B | 16.0 | 2.54 | 0.11× | $32M | 18.0% | 0 | — | Healthcare |
| 5 | 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 |
| 6 | Yelp Inc.YELP | 22,184 | ₹10,602$1.12B | 10.0 | 1.74 | 0.35× | $25M | 18.2% | 0 | — | Communication Services |
| 7 | Calix, Inc.CALX | 22,091 | ₹21,936$2.32B | 49.2 | 3.27 | 0.26× | $16M | 6.9% | 0 | — | Technology |
| 8 | REX American Resources CorporationREX | 21,786 | ₹12,469$1.32B | 10.9 | 1.96 | 0.10× | $21M | 19.6% | 0 | — | Basic Materials |
| 9 | Axcelis Technologies, Inc.ACLS | 21,707 | ₹30,530$3.23B | 35.1 | 3.03 | 0.23× | $42M | 8.9% | 0 | — | Technology |
| 10 | La-Z-Boy IncorporatedLZB | 21,582 | ₹11,493$1.22B | 15.4 | 1.20 | 0.49× | $564M | 8.1% | 3.38% | — | Consumer Cyclical |
Top 20 | |||||||||||
| 11 | 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 |
| 12 | Metallus Inc.MTUS | 21,389 | ₹7,867$833.55M | 105.8 | 1.20 | 0.39× | $15M | 1.2% | 0 | — | Basic Materials |
| 13 | Acadia Pharmaceuticals Inc.ACAD | 21,328 | ₹33,032$3.50B | 9.1 | 2.68 | 0.25× | $52M | 35.7% | 0 | — | Healthcare |
| 14 | Monarch Casino & Resort, Inc.MCRI | 21,320 | ₹19,201$2.03B | 18.2 | 3.53 | 0.22× | $13M | 20.5% | 1.06% | — | Consumer Cyclical |
| 15 | 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 |
| 16 | Boot Barn Holdings, Inc.BOOT | 21,229 | ₹34,234$3.63B | 15.2 | 2.67 | 0.47× | $773M | 19.2% | 0 | — | Consumer Cyclical |
| 17 | Rogers CorporationROG | 21,181 | ₹21,738$2.30B | 74.9 | 1.91 | 0.17× | $22M | 2.6% | 0 | — | Technology |
| 18 | Gibraltar Industries, Inc.ROCK | 21,096 | ₹10,994$1.16B | 19.4 | 1.31 | 0.68× | $58M | 6.2% | 0 | — | Industrials |
| 19 | STAAR Surgical CompanySTAA | 20,977 | ₹10,644$1.13B | 281.1 | 3.09 | 0.23× | $38M | 1.1% | 0 | — | Healthcare |
| 20 | Strategic Education, Inc.STRA | 20,971 | ₹17,102$1.81B | 13.6 | 1.11 | 0.21× | $109M | 8.2% | 3.02% | — | Consumer Defensive |
Top 50 | |||||||||||
| 21 | Innovex International, Inc.INVX | 20,896 | ₹18,437$1.95B | 31.4 | 1.85 | 0.20× | $79M | 6.0% | 0 | — | Energy |
| 22 | NetScout Systems, Inc.NTCT | 20,877 | ₹26,291$2.79B | 23.5 | 1.67 | 0.28× | $40M | 7.5% | 0 | ⚑ | Technology |
| 23 | Powell Industries, Inc.POWL | 20,858 | ₹51,827$5.49B | 28.9 | 7.26 | 0.46× | $2M | 28.2% | 0.21% | — | Industrials |
| 24 | Veracyte, Inc.VCYT | 20,846 | ₹34,935$3.70B | 32.9 | 2.67 | 0.07× | $40M | 8.8% | 0 | — | Healthcare |
| 25 | Marcus & Millichap, Inc.MMI | 20,811 | ₹10,109$1.07B | 76.4 | 1.85 | 0.24× | $78M | 2.4% | 1.78% | — | Real Estate |
| 26 | Sprinklr, Inc.CXM | 20,630 | ₹14,661$1.55B | 74.3 | 2.99 | 0.51× | $47M | 4.4% | 0 | — | Technology |
| 27 | HealthStream, Inc.HSTM | 20,622 | ₹9,989$1.06B | 48.0 | 2.97 | 0.32× | $15M | 6.0% | 0.41% | — | Healthcare |
| 28 | Urban Outfitters, Inc.URBN | 20,614 | ₹71,387$7.56B | 13.8 | 2.65 | 0.44× | $1,226M | 20.9% | 0 | ⚑ | Consumer Cyclical |
| 29 | Perdoceo Education CorporationPRDO | 20,509 | ₹19,976$2.12B | 12.3 | 2.05 | 0.23× | $118M | 17.6% | 2.08% | — | Consumer Defensive |
| 30 | Proto Labs, Inc.PRLB | 20,302 | ₹19,048$2.02B | 67.0 | 2.92 | 0.13× | $3M | 4.5% | 0 | — | Industrials |
| 31 | Privia Health Group, Inc.PRVA | 20,290 | ₹27,592$2.92B | 109.0 | 3.74 | 0.44× | $10M | 4.3% | 0 | — | Healthcare |
| 32 | Robert Half Inc.RHI | 20,280 | ₹36,406$3.86B | 32.8 | 3.19 | 0.58× | $246M | 9.1% | 6.81% | — | Industrials |
| 33 | Cavco Industries, Inc.CVCO | 20,258 | ₹39,733$4.21B | 23.8 | 3.82 | 0.26× | $31M | 16.7% | 0 | — | Consumer Cyclical |
| 34 | UniFirst CorporationUNF | 20,251 | ₹47,623$5.05B | 46.3 | 2.30 | 0.22× | $72M | 5.0% | 0.53% | — | Industrials |
| 35 | SPS Commerce, Inc.SPSC | 20,225 | ₹31,242$3.31B | 44.4 | 3.53 | 0.17× | $7M | 8.3% | 0 | — | Technology |
| 36 | Innospec Inc.IOSP | 20,184 | ₹22,940$2.43B | 20.1 | 1.81 | 0.27× | $53M | 9.1% | 1.80% | — | Basic Materials |
| 37 | Cactus, Inc.WHD | 20,183 | ₹39,743$4.21B | 50.7 | 3.39 | 0.34× | $38M | 13.1% | 0.94% | — | Energy |
| 38 | The Buckle, Inc.BKE | 20,100 | ₹23,086$2.45B | 10.9 | 5.00 | 0.55× | $384M | 45.8% | 3.04% | — | Consumer Cyclical |
| 39 | DoubleVerify Holdings, Inc.DV | 19,975 | ₹19,990$2.12B | 38.7 | 1.94 | 0.16× | $100M | 5.4% | 0 | — | Communication Services |
| 40 | LiveRamp Holdings, Inc.RAMP | 19,949 | ₹21,943$2.32B | 15.8 | 2.38 | 0.24× | $30M | 16.1% | 0 | — | Technology |
| 41 | Healthcare Services Group, Inc.HCSG | 19,551 | ₹16,059$1.70B | 16.8 | 3.28 | 0.37× | $10M | 24.7% | 0 | — | Healthcare |
| 42 | Argan, Inc.AGX | 19,496 | ₹43,741$4.63B | 26.1 | 9.14 | 0.64× | $3M | 39.9% | 0.81% | — | Industrials |
| 43 | Supernus Pharmaceuticals, Inc.SUPN | 19,400 | ₹23,120$2.45B | Loss | 2.38 | 0.28× | $41M | -10.5% | 0 | — | Healthcare |
| 44 | National Beverage Corp.FIZZ | 19,236 | ₹32,756$3.47B | 19.9 | 9.44 | 0.37× | $59M | 40.1% | 0 | — | Consumer Defensive |
| 45 | Progyny, Inc.PGNY | 19,120 | ₹21,089$2.23B | 31.7 | 4.93 | 0.37× | $28M | 16.2% | 0 | — | Healthcare |
| 46 | Payoneer Global Inc.PAYO | 19,101 | ₹22,932$2.43B | 51.2 | 3.72 | 0.93× | $72M | 7.1% | 0 | — | Technology |
| 47 | Liquidity Services, Inc.LQDT | 19,024 | ₹13,101$1.39B | 43.4 | 5.88 | 0.44× | $14M | 15.0% | 0 | — | Consumer Cyclical |
| 48 | Vir Biotechnology, Inc.VIR | 18,918 | ₹16,659$1.76B | Loss | 1.80 | 0.19× | $98M | -26.1% | 0 | — | Healthcare |
| 49 | Azenta, Inc.AZTA | 18,901 | ₹14,890$1.58B | Loss | 1.04 | 0.20× | $51M | -7.0% | 0 | ⚑ | Healthcare |
| 50 | Sonos, Inc.SONO | 18,833 | ₹19,769$2.09B | 39.3 | 5.19 | 0.54× | $60M | 14.2% | 0 | — | Technology |
Debt free in other groups · United States
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Questions
Which S&P SmallCap 600 companies have no debt?
The first five on PositoAI's list are Marten Transport, Ltd. (23,106), Photronics, Inc. (22,981), PC Connection, Inc. (22,508), Inspire Medical Systems, Inc. (22,253), United States Lime & Minerals, Inc. (22,233).
How many S&P SmallCap 600 companies report no debt?
64 of the 583 S&P SmallCap 600 companies on PositoAI report no debt (banks and lenders left out); this page shows the top 50.
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.