The highest cash operating margin, before stock compensation
Cash operating margin, before stock compensation
Ranked from the filings of the
companies this site has read, under
Quality.
50 of them report a figure for this; the rest are absent rather than
ranked last, because a filing that does not carry a number is not a company that scores
badly on it.
| # | Company | Adj. EBITDA margin |
| 1 |
ZCCM INVESTMENTS HOLDINGS PLC
MLZAM.PA |
881.96% |
| 2 |
WEBSTER FINANCIAL CORPORATION
WBS |
649.64% |
| 3 |
Allegiant Travel Co
ALGT |
359.52% |
| 4 |
THE LAW DEBENTURE CORPORATION P.L.C.
1R4.F |
281.65% |
| 5 |
AMERICA MOVIL SAB DE CV/
AMX |
270.27% |
| 6 |
ARRAY DIGITAL INFRASTRUCTURE, INC.
AD |
265.68% |
| 7 |
ARRAY DIGITAL INFRASTRUCTURE, INC.
UZD |
265.68% |
| 8 |
ARRAY DIGITAL INFRASTRUCTURE, INC.
UZE |
265.68% |
| 9 |
ARRAY DIGITAL INFRASTRUCTURE, INC.
UZF |
265.68% |
| 10 |
HARMONY BIOSCIENCES HOLDINGS, INC.
HRMY |
218.04% |
| 11 |
SHAFTESBURY CAPITAL PLC
SHC.L |
186.61% |
| 12 |
CTP N.V.
CTP2.DE |
174.80% |
| 13 |
HIVE DIGITAL TECHNOLOGIES LTD.
HIVE |
148.68% |
| 14 |
CMB.TECH NV
CMBT |
123.97% |
| 15 |
CMB.TECH
CMBT.BR |
123.97% |
| 16 |
EuroTeleSites AG
ETS.VI |
112.23% |
| 17 |
CORMEDIX INC.
CRMD |
110.94% |
| 18 |
COUSINS PROPERTIES INC
CUZ |
110.71% |
| 19 |
Block, Inc.
XYZ |
108.52% |
| 20 |
ARES REAL ESTATE INCOME TRUST INC.
ZARE |
107.92% |
| 21 |
Starwood Real Estate Income Trust, Inc.
SWDR |
107.32% |
| 22 |
Starwood Real Estate Income Trust, Inc.
SWDS |
107.32% |
| 23 |
HIGHWOODS PROPERTIES, INC.
HIW |
105.29% |
| 24 |
FOREIGN TRADE BANK OF LATIN AMERICA, INC.
BLX |
103.29% |
| 25 |
Enlight Renewable Energy Ltd.
ENLT |
100.81% |
| 26 |
REGENCY CENTERS CORPORATION
REG |
99.73% |
| 27 |
NEOEN
NEOEN01-PRO.OL |
99.07% |
| 28 |
LONDONMETRIC PROPERTY PLC
LMP.L |
98.60% |
| 29 |
Blackstone Real Estate Income Trust, Inc.
BSTT |
98.12% |
| 30 |
AVALONBAY COMMUNITIES, INC.
AVB |
97.83% |
| 31 |
Flowco Holdings Inc.
FLOC |
95.74% |
| 32 |
GETTY REALTY CORP.
GTY |
94.72% |
| 33 |
Eurocommercial Properties N.V.
ECMPA.AS |
94.46% |
| 34 |
CPI Europe AG
AT0000A3A972.VI |
94.19% |
| 35 |
NNN REIT, INC.
NNN |
94.16% |
| 36 |
ACADIA REALTY TRUST
AKR |
93.55% |
| 37 |
FRANCO NEVADA Corp
FNV |
92.05% |
| 38 |
One Liberty Properties, Inc.
OLP |
91.78% |
| 39 |
SL GREEN REALTY CORP
SLG |
91.43% |
| 40 |
MID-AMERICA APARTMENT COMMUNITIES, INC.
MAA |
91.32% |
| 41 |
ESSENTIAL PROPERTIES REALTY TRUST, INC.
EPRT |
91.22% |
| 42 |
Koninklijke Vopak N.V.
VPK.AS |
89.28% |
| 43 |
The Chemours Company
CC |
88.92% |
| 44 |
SAUL CENTERS, INC.
BFS |
88.32% |
| 45 |
LandBridge Company LLC
LB |
88.19% |
| 46 |
OR ROYALTIES INC.
OR |
87.30% |
| 47 |
CASEY'S GENERAL STORES, INC.
CASY |
86.77% |
| 48 |
CLOUDBERRY CLEAN ENERGY ASA
CLOUD.OL |
85.60% |
| 49 |
Strawberry Fields REIT, Inc.
STRW |
85.56% |
| 50 |
Millrose Properties, Inc.
MRP |
85.29% |
How this measure is worked out
(Operating income + depreciation and amortisation + share-based compensation) ÷ revenue × 100
Adjusted EBITDA margin. Depreciation and amortisation are the yearly write-down of assets already paid for, so adding them back shows profit before non-cash charges. The only non-GAAP figure in the model.
the one non-GAAP input, on the same scale as the first
More about Adj. EBITDA margin, and the XBRL tags behind
it
What this ranking is not
It is not advice, and a high place is not a recommendation. A company can lead on one
measure and fail on every other; that is the reason this site scores five dimensions
rather than one and lets you weigh them yourself.
It also ranks only what has been read. A company whose filings are not in this database
cannot appear here however well it would have done, and a company whose filing does not
tag this figure is absent rather than last.
Worked out on 2026-09-27.
Every other measure ranked ·
All 64 measures explained