US Companies Ranked by Debt-to-equity
Liabilities relative to equity. Lower means less debt For debt-to-equity, the lowest comes first. Based on each company's latest annual report, so fiscal year ends may differ. 56 companies without this figure aren't ranked.
Data updated: Nov 6, 2026
| Rank | Company | Debt-to-equity | Market cap | Revenue |
|---|---|---|---|---|
| 1 | Intuitive SurgicalISRG · Health Care | 14.1% | $162.4B | $10.0647B |
| 2 | Monolithic Power SystemsMPWR · Technology | 18.8% | $55.20B | $2.790459B |
| 3 | PalantirPLTR · Technology | 19.1% | $373.4B | $4.475446B |
| 4 | Monster BeverageMNST · Consumer Staples | 21.0% | $93.70B | $8.294343B |
| 5 | AMDAMD · Technology | 22.1% | $663.2B | $34.639B |
| 6 | StrategyMSTR · Technology | 24.0% | $55.35B | $477.233M |
| 7 | Veeva SystemsVEEV · Health Care | 24.5% | $50.18B | $3.195311B |
| 8 | Old Dominion Freight LineODFL · Industrials | 26.9% | $35.24B | $5.496389B |
| 9 | FastenalFAST · Industrials | 28.1% | $60.69B | $8.2005B |
| 10 | RegeneronREGN · Health Care | 29.8% | $95.98B | $14.3429B |
| 11 | NVIDIANVDA · Technology | 31.5% | $4.420T | $215.938B |
| 12 | Edwards LifesciencesEW · Health Care | 32.5% | $58.03B | $6.0676B |
| 13 | ResMedRMD · Health Care | 36.1% | $33.66B | $5.653443B |
| 14 | Vertex PharmaceuticalsVRTX · Health Care | 37.4% | $137.5B | $12.0013B |
| 15 | NateraNTRA · Health Care | 40.1% | $52.51B | $2.306113B |
| 16 | Micron TechnologyMU · Technology | 41.6% | $742.4B | $133.188B |
| 17 | Analog DevicesADI · Technology | 41.9% | $174.9B | $11.019707B |
| 18 | ModernaMRNA · Health Care | 42.6% | $96.34B | $1.944B |
| 19 | SandiskSNDK · Technology | 43.0% | $116.1B | $20.248B |
| 20 | Alphabet (Google)GOOGL · Communication | 43.4% | $3.474T | $402.836B |
| 21 | Revolution MedicinesRVMD · Health Care | 44.3% | $38.42B | $0 |
| 22 | D.R. HortonDHI · Consumer Discretionary | 44.4% | $44.25B | $34.2504B |
| 23 | TeradyneTER · Technology | 49.6% | $33.22B | $3.190024B |
| 24 | AMETEKAME · Industrials | 51.2% | $51.30B | $7.401116B |
| 25 | Marvell TechnologyMRVL · Technology | 55.8% | $123.0B | $8.1946B |
| 26 | TSMCTSM · Technology | 56.8% | $1.831T | NT$2,894.3077B |
| 27 | WelltowerWELL · Real Estate | 57.2% | $179.7B | $10.838034B |
| 28 | Arista NetworksANET · Technology | 57.2% | $201.1B | $9.0057B |
| 29 | LumentumLITE · Technology | 57.4% | $46.18B | $3.014B |
| 30 | DanaherDHR · Health Care | 58.9% | $159.2B | $24.568B |
| 31 | BiogenBIIB · Health Care | 61.2% | $36.32B | $9.8906B |
| 32 | NucorNUE · Materials | 62.0% | $55.74B | $32.494B |
| 33 | CoherentCOHR · Technology | 64.8% | $34.30B | $7.118181B |
| 34 | Abbott LaboratoriesABT · Health Care | 66.3% | $196.7B | $44.328B |
| 35 | TeslaTSLA · Consumer Discretionary | 66.9% | $1.359T | $94.827B |
| 36 | NewmontNEM · Materials | 68.2% | $128.0B | $22.669B |
| 37 | Meta PlatformsMETA · Communication | 68.5% | $1.557T | $200.966B |
| 38 | SynopsysSNPS · Technology | 70.2% | $84.37B | $7.054178B |
| 39 | ExxonMobilXOM · Energy | 70.3% | $674.3B | $332.238B |
| 40 | ChevronCVX · Energy | 70.7% | $418.5B | $184.432B |
| 41 | MicrosoftMSFT · Technology | 71.4% | $3.980T | $331.839B |
| 42 | EOG ResourcesEOG · Energy | 73.6% | $76.50B | $22.632B |
| 43 | Roper TechnologiesROP · Technology | 73.9% | $48.61B | $7.9025B |
| 44 | Diamondback EnergyFANG · Energy | 76.0% | $50.15B | $15.026B |
| 45 | Palo Alto NetworksPANW · Technology | 76.3% | $256.5B | $11.48B |
| 46 | PrologisPLD · Real Estate | 77.0% | $119.8B | $8.790127B |
| 47 | Applied MaterialsAMAT · Technology | 77.8% | $253.4B | $28.368B |
| 48 | DatadogDDOG · Technology | 78.0% | $65.48B | $3.427158B |
| 49 | BlockXYZ · Financials | 78.3% | $51.67B | $24.193683B |
| 50 | Walt DisneyDIS · Communication | 79.8% | $207.4B | $94.425B |
| 51 | Boston ScientificBSX · Health Care | 80.2% | $65.79B | $20.074B |
| 52 | S&P GlobalSPGI · Financials | 80.5% | $137.0B | $15.336B |
| 53 | Cboe Global MarketsCBOE · Financials | 81.1% | $36.85B | $4.7142B |
| 54 | Realty IncomeO · Real Estate | 82.8% | $56.58B | $5.749377B |
| 55 | Vivmark ResidentialVMRK · Real Estate | 84.6% | $24.46B | $3.093959B |
| 56 | HEICOHEI · Industrials | 84.9% | $46.24B | $4.485044B |
| 57 | IntelINTC · Technology | 85.0% | $277.4B | $52.853B |
| 58 | Cadence Design SystemsCDNS · Technology | 85.5% | $85.45B | $5.296759B |
| 59 | Martin Marietta MaterialsMLM · Materials | 86.5% | $37.54B | $6.15B |
| 60 | BeOne MedicinesONC · Health Care | 87.8% | $44.19B | $5.343033B |
| 61 | Lam ResearchLRCX · Technology | 88.7% | $231.3B | $23.23269B |
| 62 | Agilent TechnologiesA · Health Care | 88.8% | $48.44B | $6.948B |
| 63 | ConocoPhillipsCOP · Energy | 89.1% | $160.2B | $58.944B |
| 64 | SalesforceCRM · Technology | 89.9% | $187.9B | $41.525B |
| 65 | Keysight TechnologiesKEYS · Technology | 92.2% | $45.09B | $5.375B |
| 66 | IntuitINTU · Technology | 93.7% | $95.23B | $21.448B |
| 67 | Southern CopperSCCO · Materials | 93.7% | $138.6B | $13.42B |
| 68 | Vulcan MaterialsVMC · Materials | 95.6% | $36.60B | $7.9411B |
| 69 | DoorDashDASH · Consumer Discretionary | 95.8% | $79.28B | $13.717B |
| 70 | WabtecWAB · Industrials | 97.6% | $46.78B | $11.167B |
| 71 | WatersWAT · Health Care | 98.2% | $44.50B | $3.165286B |
| 72 | AmazonAMZN · Consumer Discretionary | 99.0% | $2.813T | $716.924B |
| 73 | QualcommQCOM · Technology | 100.1% | $168.0B | $43.12B |
| 74 | Parker HannifinPH · Industrials | 100.4% | $112.5B | $21.499B |
| 75 | ServiceNowNOW · Technology | 100.8% | $106.2B | $13.278B |
| 76 | Devon EnergyDVN · Energy | 103.5% | $40.31B | $16.786B |
| 77 | CintasCTAS · Industrials | 104.8% | $90.45B | $11.264761B |
| 78 | SLBSLB · Energy | 105.6% | $73.27B | $35.708B |
| 79 | Thermo Fisher ScientificTMO · Health Care | 106.6% | $250.8B | $44.556B |
| 80 | Emerson ElectricEMR · Industrials | 106.9% | $90.70B | $18.016B |
| 81 | Digital RealtyDLR · Real Estate | 107.2% | $60.95B | $6.112692B |
| 82 | IDEXX LaboratoriesIDXX · Health Care | 108.7% | $52.85B | $4.303702B |
| 83 | Howmet AerospaceHWM · Industrials | 108.8% | $79.96B | $8.252B |
| 84 | NetflixNFLX · Communication | 108.9% | $269.2B | $45.183036B |
| 85 | BroadcomAVGO · Technology | 110.5% | $1.392T | $63.887B |
| 86 | Extra Space StorageEXR · Real Estate | 111.2% | $33.45B | $3.377542B |
| 87 | Texas InstrumentsTXN · Technology | 112.5% | $256.2B | $17.682B |
| 88 | StrykerSYK · Health Care | 113.4% | $127.6B | $25.116B |
| 89 | CienaCIEN · Technology | 114.9% | $32.75B | $4.769507B |
| 90 | L3Harris TechnologiesLHX · Industrials | 114.9% | $48.05B | $21.325B |
| 91 | VentasVTR · Real Estate | 116.8% | $47.09B | $5.83398B |
| 92 | Baker HughesBKR · Energy | 117.1% | — | $27.733B |
| 93 | Keurig Dr PepperKDP · Consumer Staples | 117.3% | $50.20B | $16.603B |
| 94 | Public StoragePSA · Real Estate | 117.5% | $63.03B | $4.824113B |
| 95 | Becton DickinsonBDX · Health Care | 117.9% | $58.17B | $21.84B |
| 96 | Microchip TechnologyMCHP · Technology | 123.4% | $35.29B | $4.7131B |
| 97 | General DynamicsGD · Industrials | 123.4% | $96.29B | $52.55B |
| 98 | UberUBER · Industrials | 124.7% | $140.3B | $52.017B |
| 99 | Kinder MorganKMI · Energy | 129.3% | $67.25B | $16.937B |
| 100 | PACCARPCAR · Industrials | 130.2% | $55.14B | $28.4448B |
| 101 | ADMADM · Consumer Staples | 130.4% | $34.18B | $80.269B |
| 102 | WorkdayWDAY · Technology | 131.6% | $50.09B | $9.552B |
| 103 | Procter & GamblePG · Consumer Staples | 133.0% | $387.3B | $87.032B |
| 104 | Occidental PetroleumOXY · Energy | 133.6% | $56.34B | $21.569B |
| 105 | W.W. GraingerGWW · Industrials | 139.9% | $68.51B | $17.942B |
| 106 | PfizerPFE · Health Care | 140.4% | $171.8B | $62.579B |
| 107 | Johnson & JohnsonJNJ · Health Care | 144.3% | $666.8B | $94.193B |
| 108 | Valero EnergyVLO · Energy | 144.4% | $102.6B | $122.687B |
| 109 | Freeport-McMoRanFCX · Materials | 145.0% | $83.61B | $25.186B |
| 110 | CostcoCOST · Consumer Staples | 148.7% | $472.3B | $303.154B |
| 111 | Phillips 66PSX · Energy | 149.3% | $96.36B | $132.376B |
| 112 | CrowdStrikeCRWD · Technology | 149.4% | $226.9B | $4.812005B |
| 113 | Ross StoresROST · Consumer Discretionary | 151.3% | $75.20B | $22.750559B |
| 114 | KenvueKVUE · Consumer Staples | 151.5% | $37.09B | $15.124B |
| 115 | EcolabECL · Materials | 152.4% | $85.78B | $16.0812B |
| 116 | AdobeADBE · Technology | 153.8% | $96.36B | $23.769B |
| 117 | NasdaqNDAQ · Financials | 153.9% | $59.66B | $8.262B |
| 118 | Waste ConnectionsWCN · Industrials | 156.3% | $47.96B | $9.466915B |
| 119 | CiscoCSCO · Technology | 157.8% | $377.7B | $63.325B |
| 120 | Air ProductsAPD · Materials | 157.8% | $68.92B | $12.0373B |
| 121 | CorningGLW · Technology | 158.1% | $90.09B | $15.629B |
| 122 | RTXRTX · Industrials | 159.3% | $258.9B | $88.603B |
| 123 | Gilead SciencesGILD · Health Care | 160.0% | $208.0B | $29.443B |
| 124 | MerckMRK · Health Care | 160.2% | $364.1B | $65.011B |
| 125 | VisaV · Financials | 161.3% | — | $45.903B |
| 126 | Comfort Systems USAFIX · Industrials | 163.0% | $33.77B | $1.831286B |
| 127 | Carrier GlobalCARR · Industrials | 163.2% | $44.07B | $21.747B |
| 128 | CumminsCMI · Industrials | 166.7% | $61.49B | $33.67B |
| 129 | TKO Group HoldingsTKO · Communication | 167.1% | $36.37B | $4.735151B |
| 130 | Take-Two InteractiveTTWO · Communication | 167.3% | $39.90B | $6.6564B |
| 131 | AmphenolAPH · Technology | 169.4% | $185.0B | $23.0947B |
| 132 | AirbnbABNB · Consumer Discretionary | 170.9% | $102.1B | $12.241B |
| 133 | Mondelez InternationalMDLZ · Consumer Staples | 176.5% | $85.80B | $38.537B |
| 134 | Elevance HealthELV · Health Care | 176.5% | $93.36B | $199.125B |
| 135 | HumanaHUM · Health Care | 176.5% | $49.44B | $129.664B |
| 136 | Quanta ServicesPWR · Industrials | 177.9% | $76.68B | $28.479697B |
| 137 | MedlineMDLN · Health Care | 178.8% | $52.35B | $28.432B |
| 138 | ComcastCMCSA · Communication | 181.3% | $89.40B | $123.707B |
| 139 | KLAKLAC · Technology | 182.7% | $170.2B | $13.579476B |
| 140 | EquinixEQIX · Real Estate | 183.4% | $98.73B | $9.217B |
| 141 | WalmartWMT · Consumer Staples | 185.8% | $1.020T | $706.413B |
| 142 | Republic ServicesRSG · Industrials | 187.2% | $76.77B | $19.027B |
| 143 | Energy TransferET · Energy | 188.3% | — | $85.536B |
| 144 | Norfolk SouthernNSC · Industrials | 191.0% | $73.96B | $12.18B |
| 145 | HersheyHSY · Consumer Staples | 196.4% | — | $11.692576B |
| 146 | ONEOKOKE · Energy | 196.4% | $54.38B | $33.629B |
| 147 | ZscalerZS · Technology | 202.8% | $33.24B | $3.352523B |
| 148 | Rockwell AutomationROK · Industrials | 207.0% | $42.32B | $8.342B |
| 149 | Hewlett Packard EnterpriseHPE · Technology | 207.5% | $58.65B | $34.296B |
| 150 | UnitedHealth GroupUNH · Health Care | 207.7% | $354.6B | $447.567B |
| 151 | Northrop GrummanNOC · Industrials | 208.1% | $74.62B | $41.954B |
| 152 | Con EdisonED · Utilities | 208.4% | $45.05B | $17.049B |
| 153 | VertivVRT · Industrials | 209.9% | $68.05B | $10.2299B |
| 154 | FiservFISV · Financials | 210.6% | $33.43B | $21.193B |
| 155 | FedExFDX · Industrials | 212.6% | $76.03B | $94.72B |
| 156 | Chipotle Mexican GrillCMG · Consumer Discretionary | 217.8% | $45.41B | $11.925601B |
| 157 | Coca-ColaKO · Consumer Staples | 225.8% | $413.0B | $47.941B |
| 158 | CSXCSX · Industrials | 231.9% | $93.70B | $14.092B |
| 159 | AT&TT · Communication | 232.2% | $151.4B | $125.648B |
| 160 | United RentalsURI · Industrials | 233.0% | $64.70B | $16.099B |
| 161 | CVS HealthCVS · Health Care | 236.9% | $104.1B | $402.067B |
| 162 | PSEGPEG · Utilities | 239.0% | $36.48B | $12.123B |
| 163 | CBRE GroupCBRE · Real Estate | 239.4% | $39.32B | $39.9B |
| 164 | AppLovinAPP · Technology | 240.1% | $118.0B | $5.480717B |
| 165 | Xcel EnergyXEL · Utilities | 244.7% | $51.04B | $14.669B |
| 166 | SempraSRE · Utilities | 250.9% | $52.16B | $13.702B |
| 167 | TJX CompaniesTJX · Consumer Discretionary | 251.0% | $152.6B | $60.372B |
| 168 | GE HealthCareGEHC · Health Care | 253.5% | $38.11B | $20.625B |
| 169 | AppleAAPL · Technology | 260.9% | $5.002T | $478.834B |
| 170 | CarvanaCVNA · Consumer Discretionary | 261.5% | — | $20.322B |
| 171 | American Electric PowerAEP · Utilities | 264.0% | $69.35B | $21.702B |
| 172 | WEC Energy GroupWEC · Utilities | 266.6% | $38.93B | $9.8001B |
| 173 | NextEra EnergyNEE · Utilities | 267.8% | $184.0B | $27.412B |
| 174 | TargetTGT · Consumer Staples | 268.0% | $71.76B | $104.78B |
| 175 | T-Mobile USTMUS · Communication | 270.3% | $170.7B | $88.309B |
| 176 | Union PacificUNP · Industrials | 277.4% | $177.0B | $24.51B |
| 177 | Duke EnergyDUK · Utilities | 277.6% | $101.2B | $31.741B |
| 178 | Cigna GroupCI · Health Care | 278.2% | $79.57B | $274.9B |
| 179 | eBayEBAY · Consumer Discretionary | 281.6% | $54.27B | $11.1B |
| 180 | VerizonVZ · Communication | 282.3% | $191.1B | $138.191B |
| 181 | Dominion EnergyD · Utilities | 283.5% | $61.21B | $16.523B |
| 182 | CenteneCNC · Health Care | 284.1% | $36.71B | $194.777B |
| 183 | Moody'sMCO · Financials | 286.8% | $88.84B | $7.718B |
| 184 | Delta Air LinesDAL · Industrials | 289.9% | $56.16B | $63.364B |
| 185 | Constellation EnergyCEG · Utilities | 292.0% | $85.08B | $25.533B |
| 186 | PayPalPYPL · Financials | 295.8% | $49.35B | $33.172B |
| 187 | ExelonEXC · Utilities | 304.8% | $47.61B | $24.258B |
| 188 | Deere & CompanyDE · Industrials | 308.2% | $178.8B | $45.684B |
| 189 | AutodeskADSK · Technology | 309.4% | $57.06B | $7.206B |
| 190 | Royal CaribbeanRCL · Consumer Discretionary | 312.6% | $86.81B | $17.935B |
| 191 | CloudflareNET · Technology | 313.7% | $87.32B | $2.167937B |
| 192 | CarnivalCCL · Consumer Discretionary | 320.8% | $40.89B | $26.622B |
| 193 | Eli LillyLLY · Health Care | 323.9% | $1.221T | $65.179B |
| 194 | Southern CompanySO · Utilities | 324.4% | $105.2B | $28.942B |
| 195 | EntergyETR · Utilities | 324.8% | $50.50B | $12.946686B |
| 196 | PaychexPAYX · Industrials | 333.0% | $42.54B | $6.3011B |
| 197 | PG&EPCG · Utilities | 335.2% | $29.14B | $24.935B |
| 198 | Marathon PetroleumMPC · Energy | 345.8% | $108.7B | $132.699B |
| 199 | UPSUPS · Industrials | 350.4% | $94.61B | $88.661B |
| 200 | General MotorsGM · Consumer Discretionary | 356.9% | $75.84B | $185.019B |
| 201 | Williams CompaniesWMB · Energy | 357.4% | $78.77B | $14.899B |
| 202 | IQVIAIQV · Health Care | 358.5% | $43.65B | $16.31B |
| 203 | Waste ManagementWM · Industrials | 358.8% | $95.95B | $25.204B |
| 204 | CaterpillarCAT · Industrials | 362.4% | $253.3B | $67.589B |
| 205 | ZoetisZTS · Health Care | 364.3% | $33.46B | $9.467B |
| 206 | IBMIBM · Technology | 364.9% | $233.5B | $67.535B |
| 207 | Intercontinental ExchangeICE · Financials | 373.1% | $97.09B | $12.64B |
| 208 | SnowflakeSNOW · Technology | 374.6% | $95.00B | $4.683946B |
| 209 | Bristol Myers SquibbBMY · Health Care | 387.2% | $129.6B | $48.194B |
| 210 | United AirlinesUAL · Industrials | 400.2% | $35.90B | $59.07B |
| 211 | Illinois Tool WorksITW · Industrials | 400.6% | $81.11B | $16.044B |
| 212 | Estée LauderEL · Consumer Staples | 419.2% | $39.41B | $15.049B |
| 213 | PepsiCoPEP · Consumer Staples | 425.6% | $195.4B | $93.925B |
| 214 | HoneywellHON · Industrials | 429.9% | $68.48B | $37.442B |
| 215 | Cheniere EnergyLNG · Energy | 439.7% | $58.46B | $19.464B |
| 216 | GE VernovaGEV · Industrials | 453.8% | $203.9B | $38.068B |
| 217 | Sherwin-WilliamsSHW · Materials | 463.3% | $84.32B | $23.5743B |
| 218 | Bloom EnergyBE · Industrials | 468.9% | $49.51B | $2.001614B |
| 219 | OracleORCL · Technology | 515.8% | $348.2B | $67.357B |
| 220 | CME GroupCME · Financials | 590.7% | $110.9B | $6.5206B |
| 221 | GE AerospaceGE · Industrials | 595.8% | $325.2B | $45.855B |
| 222 | MastercardMA · Financials | 599.9% | $579.8B | $32.791B |
| 223 | Simon Property GroupSPG · Real Estate | 650.9% | $73.51B | $6.364505B |
| 224 | NetAppNTAP · Technology | 695.3% | $33.20B | $6.925B |
| 225 | 3MMMM · Industrials | 701.5% | $97.03B | $24.948B |
| 226 | FordF · Consumer Discretionary | 704.2% | $51.07B | $187.267B |
| 227 | Motorola SolutionsMSI · Technology | 704.5% | $85.57B | $11.682B |
| 228 | VistraVST · Utilities | 714.9% | $37.93B | $17.586B |
| 229 | Home DepotHD · Consumer Discretionary | 720.2% | $349.2B | $164.683B |
| 230 | Targa ResourcesTRGP · Energy | 722.0% | $58.30B | $17.0283B |
| 231 | FortinetFTNT · Technology | 739.5% | $90.00B | $6.7996B |
| 232 | KrogerKR · Consumer Staples | 742.6% | $42.49B | $147.642B |
| 233 | Lockheed MartinLMT · Industrials | 790.3% | $133.4B | $75.048B |
| 234 | AmgenAMGN · Health Care | 946.3% | $249.0B | $36.751B |
| 235 | ADPADP · Industrials | 947.8% | $121.5B | $21.9474B |
| 236 | SyscoSYY · Consumer Staples | 965.1% | $36.34B | $84.553B |
| 237 | Kimberly-ClarkKMB · Consumer Staples | 1038.3% | $36.74B | $16.447B |
| 238 | American TowerAMT · Real Estate | 1446.5% | $90.04B | $10.6446B |
| 239 | Expedia GroupEXPE · Consumer Discretionary | 1804.4% | — | $14.733B |
| 240 | RobloxRBLX · Communication | 2327.6% | $34.10B | $4.890551B |
| 241 | BoeingBA · Industrials | 2984.6% | $136.7B | $89.463B |
| 242 | CencoraCOR · Health Care | 4978.9% | $64.82B | $321.332819B |
| 243 | Live Nation EntertainmentLYV · Communication | 8354.6% | $46.47B | $25.201406B |
| 244 | Colgate-PalmoliveCL · Consumer Staples | 29564.8% | $78.45B | $20.382B |