Companies with more cash than debt often have stronger financial flexibility, making them attractive in uncertain markets. Without interest payments being less of a worry, these businesses can invest more in growth, innovation, or buybacks and dividends.
Even among the companies with sound capital structures, only a few stand out, and we’re here to help you identify them. Keeping that in mind, here are three companies with net cash positions that can continue growing sustainably.
Airbnb (ABNB)
Net Cash Position: $9.02 billion (12.4% of Market Cap)
Founded by Brian Chesky and Joe Gebbia in their San Francisco apartment, Airbnb (NASDAQ: ABNB) is the world’s largest online marketplace for lodging, primarily homestays.
Why Is ABNB a Good Business?
- Nights and Experiences Booked have grown by 9.1% annually, allowing for more profitable cross-selling opportunities if it can build complementary products and features
- Disciplined cost controls and effective management resulted in a strong two-year EBITDA margin of 35.7%
- ABNB is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders
At $121.52 per share, Airbnb trades at 12.9x forward EV/EBITDA. Is now a good time to buy? Find out in our full research report, it’s free.
Powell (POWL)
Net Cash Position: $500 million (7% of Market Cap)
Originally a metal-working shop supporting local petrochemical facilities, Powell (NYSE: POWL) has grown from a small Houston manufacturer to a global provider of electrical systems.
Why Is POWL a Top Pick?
- Backlog has averaged 15.4% growth over the past two years, showing it has a pipeline of unfulfilled orders that will support revenue in the future
- Incremental sales over the last two years have been highly profitable as its earnings per share increased by 58.2% annually, topping its revenue gains
- Free cash flow margin expanded by 22 percentage points over the last five years, providing additional flexibility for investments and share buybacks/dividends
Powell’s stock price of $587.00 implies a valuation ratio of 34.8x forward P/E. Is now the time to initiate a position? See for yourself in our comprehensive research report, it’s free.
Nutanix (NTNX)
Net Cash Position: $581.6 million (5.2% of Market Cap)
Originally pioneering hyperconverged infrastructure to break down traditional data center silos, Nutanix (NASDAQ: NTNX) provides a unified software platform that enables organizations to run applications and manage data across private, public, and hybrid cloud environments.
Why Are We Fans of NTNX?
- Customers view its software as mission-critical to their operations as its ARR has averaged 17.6% growth over the last year
- Prominent and differentiated software leads to a best-in-class gross margin of 87%
- Well-designed software integrates seamlessly with other workflows, enabling swift payback periods on marketing expenses and customer growth at scale
Nutanix is trading at $40.78 per share, or 4.2x forward price-to-sales. Is now the right time to buy? Find out in our full research report, it’s free.
Stocks We Like Even More
Your portfolio can’t afford to be based on yesterday’s story. The risk in a handful of heavily crowded stocks is rising daily.
The names generating the next wave of massive growth are right here in our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 244% over the last five years (as of June 30, 2025).
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
