In a world where many businesses have shaky balance sheets, some have ignored the crowd and exercised prudence. These cash-heavy companies shine bright for their financial discipline, resilience, and ability to generate solid returns.
Not all companies with sound capital structures are created equal, and StockStory is here to help you find the best. That said, here are three companies with net cash positions that can leverage their balance sheets to grow.
Copart (CPRT)
Net Cash Position: $4.69 billion (11% of Market Cap)
Starting as a single salvage yard in California in 1982, Copart (NASDAQ: CPRT) operates an online auction platform that connects sellers of damaged and salvage vehicles with buyers ranging from dismantlers and rebuilders to used car dealers and exporters.
Why Is CPRT a Top Pick?
- Annual revenue growth of 16.1% over the past five years was outstanding, reflecting market share gains this cycle
- Incremental sales significantly boosted profitability as its annual earnings per share growth of 20% over the last five years outstripped its revenue performance
- Strong free cash flow margin of 23.3% enables it to reinvest or return capital consistently, and its improved cash conversion implies it’s becoming a less capital-intensive business
Copart’s stock price of $43.97 implies a valuation ratio of 26.1x forward P/E. Is now the time to initiate a position? See for yourself in our in-depth research report, it’s free for active Edge members.
Nextracker (NXT)
Net Cash Position: $743.4 million (5.7% of Market Cap)
With its technology playing a key role in the massive 1.2 gigawatt Noor Abu Dhabi solar farm project, Nextracker (NASDAQ: NXT) is a provider of solar tracker systems that help solar panels follow the sun.
Why Do We Love NXT?
- Sales pipeline is in good shape as its backlog averaged 41.6% growth over the past two years
- Free cash flow margin expanded by 13.6 percentage points over the last five years, providing additional flexibility for investments and share buybacks/dividends
- Returns on capital are climbing as management makes more lucrative bets
At $87 per share, Nextracker trades at 21.4x forward P/E. Is now the right time to buy? Find out in our full research report, it’s free for active Edge members.
Payoneer (PAYO)
Net Cash Position: $499.2 million (24.2% of Market Cap)
Founded during the early days of global e-commerce in 2005 to solve international payment challenges, Payoneer (NASDAQ: PAYO) provides financial technology services that enable small and medium-sized businesses to send and receive payments globally across borders.
Why Will PAYO Beat the Market?
- Market share has increased this cycle as its 25.6% annual revenue growth over the last five years was exceptional
- Share repurchases have amplified shareholder returns as its annual earnings per share growth of 266% exceeded its revenue gains over the last two years
Payoneer is trading at $5.78 per share, or 19.7x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it’s free for active Edge members .
Stocks We Like Even More
When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that’s already erased most losses.
Don’t let fear keep you from great opportunities and take a look at Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today
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