Sector
Technology, in the accounts
171 companies · each one's last fiscal year · from their SEC filings
Technology has 171 companies with five or more years of accounts filed with the SEC. The median one grew revenue +13% in its last fiscal year and kept 13% of it as operating profit; a quarter of them kept more than 25%. The median return on invested capital is 12%, with the middle half of the sector between 4% and 21%. Net debt is 0.6 times EBITDA at the median company.
Revenue growth, last year
+13%
middle half: +5% to +24% · 169 companies
Gross margin
58%
middle half: 42% to 73% · 151 companies
Operating margin
13%
middle half: 3% to 25% · 170 companies
Free cash flow margin
18%
middle half: 10% to 26% · 166 companies
Return on invested capital
12%
middle half: 4% to 21% · 112 companies
Net debt to EBITDA
0.6×
middle half: -0.0× to 1.8× · 112 companies
R&D as a share of revenue
14%
middle half: 7% to 22% · 158 companies
Stock compensation as a share of revenue
5%
middle half: 2% to 12% · 169 companies
The companies
Largest first. Each figure is the company's last fiscal year, as filed; open a company for its ten years.
| Company | Revenue | Growth | Operating margin | FCF margin | ROIC | Net debt / EBITDA |
|---|---|---|---|---|---|---|
| NVDA Nvidia Corp 2026 | 215.9B | +65% | 60% | 45% | 67% | -0.0× |
| AAPL Apple Inc. 2025 | 416.2B | +6% | 32% | 24% | 68% | 0.4× |
| GOOGL Alphabet Inc. 2025 | 402.8B | +15% | 32% | 18% | 23% | 0.1× |
| MSFT Microsoft Corp 2026 | 331.8B | +18% | 47% | 20% | 26% | 0.1× |
| META Meta Platforms, Inc. 2025 | 201.0B | +22% | 41% | 23% | 21% | 0.2× |
| AVGO Broadcom Inc. 2025 | 63.9B | +24% | 40% | 42% | 30% | -0.5× |
| MU Micron Technology Inc 2025 | 37.4B | +49% | 26% | 4% | 13% | 0.1× |
| AMD Advanced Micro Devices Inc 2025 | 34.6B | +34% | 11% | 19% | 5% | -0.5× |
| INTC Intel Corp 2025 | 52.9B | -0% | -4% | -9% | -0% | 3.8× |
| ORCL Oracle Corp 2026 | 67.4B | +17% | 31% | -35% | — | -0.9× |
| PLTR Palantir Technologies Inc. 2025 | 4.5B | +56% | 32% | 47% | — | — |
| CSCO Cisco Systems, Inc. 2026 | 63.3B | +12% | 24% | 20% | 17% | 1.0× |
| LRCX LAM Research Corp 2026 | 23.2B | +26% | 35% | 21% | 45% | -0.2× |
| AMAT Applied Materials Inc 2025 | 28.4B | +4% | 29% | 20% | 23% | -0.1× |
| DELL Dell Technologies Inc. 2026 | 113.5B | +19% | 7% | 8% | 23% | 1.8× |
| PANW Palo Alto Networks Inc 2026 | 11.5B | +24% | 6% | 36% | — | — |
| ANET Arista Networks, Inc. 2025 | 9.0B | +29% | 43% | 47% | — | — |
| CRWD CrowdStrike Holdings, Inc. 2026 | 4.8B | +22% | -6% | 27% | -7% | — |
| TXN Texas Instruments Inc 2025 | 17.7B | +13% | 34% | 15% | 17% | 1.4× |
| TMO Thermo Fisher Scientific Inc. 2025 | 44.6B | +4% | 17% | 14% | 7% | 3.7× |
| KLAC KLA Corp 2026 | 13.6B | +12% | 43% | 28% | 41% | 0.7× |
| MRVL Marvell Technology, Inc. 2026 | 8.2B | +42% | 16% | 17% | 6% | 1.2× |
| IBM International Business Machines Corp 2025 | 67.5B | +8% | 18% | 18% | 13% | 3.3× |
| QCOM Qualcomm Inc 2025 | 44.3B | +14% | 28% | 29% | 15% | 0.7× |
| STX Seagate Technology Holdings plc 2026 | 12.2B | +34% | 34% | 25% | 62% | 0.4× |
| APH Amphenol Corp 2025 | 23.1B | +52% | 25% | 19% | — | — |
| CRM Salesforce, Inc. 2026 | 41.5B | +10% | 20% | 35% | 9% | 0.7× |
| ADI Analog Devices Inc 2025 | 11.0B | +17% | 27% | 39% | 6% | 1.7× |
| WDC Western Digital Corp 2026 | 12.9B | +36% | 34% | 27% | 43% | -0.1× |
| DHR Danaher Corp 2025 | 24.6B | +3% | 19% | 21% | 6% | 2.5× |
| NOW ServiceNow, Inc. 2025 | 13.3B | +21% | 14% | 34% | — | — |
| FTNT Fortinet, Inc. 2025 | 6.8B | +14% | 31% | 33% | 75% | -0.7× |
| NET Cloudflare, Inc. 2025 | 2.2B | +30% | -10% | 13% | — | — |
| SNOW Snowflake Inc. 2026 | 4.7B | +29% | -31% | 24% | — | — |
| APP AppLovin Corp 2025 | 5.5B | +70% | 76% | — | 64% | 0.2× |
| ADP Automatic Data Processing Inc 2026 | 21.9B | +7% | 28% | — | 43% | 0.1× |
| VRT Vertiv Holdings Co 2025 | 10.2B | +28% | 18% | 19% | 20% | 0.6× |
| TT Trane Technologies plc 2025 | 21.3B | +7% | 19% | 13% | 24% | 0.7× |
| ADBE Adobe Inc. 2025 | 23.8B | +11% | 37% | 41% | 40% | 0.1× |
| DDOG Datadog, Inc. 2025 | 3.4B | +28% | -1% | 29% | — | — |
| EMR Emerson Electric Co 2025 | 18.0B | +3% | 16% | 15% | 8% | 1.7× |
| LITE Lumentum Holdings Inc. 2026 | 3.0B | +83% | 17% | 10% | — | -0.6× |
| CDNS Cadence Design Systems Inc 2025 | 5.3B | +14% | 28% | 30% | — | — |
| BE Bloom Energy Corp 2025 | 2.0B | +39% | 4% | 3% | 2% | 1.3× |
| HPE Hewlett Packard Enterprise Co 2025 | 34.3B | +14% | -1% | 2% | -2% | 8.6× |
| SNPS Synopsys Inc 2025 | 7.1B | +15% | 13% | 19% | 2% | 6.7× |
| INTU Intuit Inc. 2026 | 21.4B | +14% | 27% | 40% | 17% | 0.5× |
| MSI Motorola Solutions, Inc. 2025 | 11.7B | +8% | 26% | 22% | 21% | 2.1× |
| MPWR Monolithic Power Systems, Inc. 2025 | 2.8B | +26% | 26% | 24% | — | — |
| TER Teradyne, Inc 2025 | 3.2B | +13% | 20% | 14% | 19% | -0.1× |
| COHR Coherent Corp. 2026 | 7.1B | +23% | 12% | -14% | 6% | 1.5× |
| NXPI NXP Semiconductors N.V. 2025 | 12.3B | -3% | 25% | 20% | 11% | 2.3× |
| KEYS Keysight Technologies, Inc. 2025 | 5.4B | +8% | 16% | 24% | 8% | 0.7× |
| AME Ametek INC/ 2025 | 7.4B | +7% | 26% | 23% | 12% | 0.8× |
| CIEN Ciena Corp 2025 | 4.8B | +19% | 4% | 14% | 4% | 1.5× |
| TEAM Atlassian Corp 2026 | 6.6B | +26% | 0% | 20% | -1% | -1.7× |
| ROK Rockwell Automation, Inc 2025 | 8.3B | +1% | 20% | 16% | 22% | 1.1× |
| A Agilent Technologies, Inc. 2025 | 6.9B | +7% | 21% | 17% | 13% | 0.9× |
| XYZ Block, Inc. 2025 | 24.2B | +0% | 7% | 10% | — | — |
| ADSK Autodesk, Inc. 2026 | 7.2B | +18% | 22% | 33% | 20% | 0.1× |
| WDAY Workday, Inc. 2026 | 9.6B | +13% | 8% | 29% | 5% | 1.6× |
| TWLO Twilio Inc 2025 | 5.1B | +14% | 3% | — | 1% | 0.9× |
| VEEV Veeva Systems Inc 2026 | 3.2B | +16% | 29% | — | — | — |
| WAT Waters Corp 2025 | 3.2B | +7% | 25% | 17% | 19% | 0.4× |
| FLEX Flex Ltd. 2026 | 27.9B | +8% | 5% | 4% | 12% | 0.7× |
| MCHP Microchip Technology Inc 2026 | 4.7B | +7% | 10% | 18% | 3% | 4.5× |
| TTWO Take TWO Interactive Software Inc 2026 | 6.7B | +18% | -2% | 7% | -3% | 10.3× |
| NTAP NetApp, Inc. 2026 | 6.9B | +5% | 24% | 27% | 34% | 0.2× |
| ILMN Illumina, Inc. 2025 | 4.3B | -1% | 19% | 21% | — | — |
| P Everpure, Inc. 2026 | 3.7B | +16% | 3% | 17% | 7% | -3.4× |
| ROP Roper Technologies Inc 2025 | 7.9B | +12% | 28% | — | 6% | 2.9× |
| RBLX Roblox Corp 2025 | 4.9B | +36% | -25% | 28% | -88% | 0.2× |
| CRDO Credo Technology Group Holding Ltd 2026 | 1.3B | +206% | 33% | 30% | — | — |
| MDB MongoDB, Inc. 2026 | 2.5B | +23% | -6% | 20% | — | — |
| UI Ubiquiti Inc. 2026 | 3.3B | +27% | 36% | 28% | 67% | -0.4× |
| OKTA Okta, Inc. 2026 | 2.9B | +12% | 5% | 30% | — | — |
| ZS Zscaler, Inc. 2026 | 3.4B | +25% | -4% | 25% | — | — |
| JBL Jabil Inc 2025 | 29.8B | +3% | 4% | 4% | 20% | 0.5× |
| MTD Mettler Toledo International INC/ 2025 | 4.0B | +4% | 28% | 21% | 44% | 1.8× |
| HPQ HP Inc 2025 | 55.3B | +3% | 6% | 5% | 32% | 1.4× |
| ON ON Semiconductor Corp 2025 | 6.0B | -15% | 1% | 24% | 1% | 1.1× |
| CTSH Cognizant Technology Solutions Corp 2025 | 21.1B | +7% | 16% | 12% | 14% | -0.3× |
| ZM Zoom Communications, Inc. 2026 | 4.9B | +4% | 23% | 40% | — | — |
| OTIS Otis Worldwide Corp 2025 | 14.4B | +1% | 15% | 10% | 68% | 2.9× |
| FFIV F5, Inc. 2025 | 3.1B | +10% | 25% | 29% | — | — |
| HUBB Hubbell Inc 2025 | 5.8B | +4% | 21% | 15% | 16% | 1.3× |
| FSLR First Solar, Inc. 2025 | 5.2B | +24% | 31% | 23% | 15% | -1.1× |
| MTSI Macom Technology Solutions Holdings, Inc. 2025 | 967.3M | +33% | 13% | 20% | 13% | 2.0× |
| WWD Woodward, Inc. 2025 | 3.6B | +7% | 16% | 10% | 15% | 0.4× |
| SITM Sitime Corp 2025 | 326.7M | +61% | -21% | 11% | — | — |
| MKSI MKS Inc 2025 | 3.9B | +10% | 13% | 13% | 7% | 4.3× |
| LSCC Lattice Semiconductor Corp 2026 | 523.3M | +3% | 2% | 25% | — | — |
| ONTO Onto Innovation Inc. 2026 | 1.0B | +2% | 13% | 30% | — | — |
| FTV Fortive Corp 2025 | 4.2B | +2% | 17% | 24% | 7% | 2.4× |
| DT Dynatrace, Inc. 2026 | 2.0B | +19% | 12% | 26% | — | — |
| IONQ IonQ, Inc. 2025 | 130.0M | +202% | -487% | -230% | — | — |
| SMTC Semtech Corp 2026 | 1.0B | +15% | 3% | 16% | 6% | 4.7× |
| GEN Gen Digital Inc. 2026 | 5.0B | +27% | 42% | 30% | 13% | 3.0× |
| LOGI Logitech International S.A. 2026 | 4.8B | +6% | 16% | 20% | — | — |
| PTC PTC Inc. 2025 | 2.7B | +19% | 36% | 31% | 16% | 0.9× |
| FN Fabrinet 2026 | 4.6B | +36% | 10% | 0% | — | — |
| GDDY GoDaddy Inc. 2025 | 5.0B | +8% | 23% | 32% | 24% | 2.2× |
| DOCU Docusign, Inc. 2026 | 3.2B | +8% | 9% | 33% | — | — |
| GNRC Generac Holdings Inc. 2025 | 4.2B | -2% | 7% | 6% | 6% | 1.8× |
| RMBS Rambus Inc 2025 | 707.6M | +27% | 37% | 47% | — | — |
| SANM Sanmina Corp 2025 | 8.1B | +7% | 4% | 6% | 10% | -1.3× |
| FROG JFrog Ltd 2025 | 531.8M | +24% | -17% | 27% | — | — |
| LFUS Littelfuse Inc 2025 | 2.4B | +9% | 2% | 15% | -23% | 2.1× |
| JKHY Jack Henry & Associates Inc 2026 | 2.5B | +7% | 25% | 27% | 23% | 0.0× |
| QRVO Qorvo, Inc. 2026 | 3.7B | -1% | 11% | 18% | 7% | 0.6× |
| MTCH Match Group, Inc. 2025 | 3.5B | +0% | 25% | 29% | 19% | 3.1× |
| FORM Formfactor Inc 2025 | 785.0M | +3% | 7% | 1% | 4% | -1.0× |
| BRKR Bruker Corp 2025 | 3.4B | +2% | 2% | 1% | -1% | 5.4× |
| AAOI Applied Optoelectronics, Inc. 2025 | 455.7M | +83% | -12% | -78% | -8% | 6.4× |
| S SentinelOne, Inc. 2026 | 1.0B | +22% | -32% | 8% | — | — |
| MXL Maxlinear, Inc 2025 | 467.6M | +30% | -27% | 2% | -23% | -0.6× |
| PCOR Procore Technologies, Inc. 2025 | 1.3B | +15% | -9% | 21% | — | — |
| ZETA Zeta Global Holdings Corp. 2025 | 1.3B | +30% | 0% | 14% | 1% | -1.6× |
| SLAB Silicon Laboratories Inc. 2026 | 784.8M | +34% | -9% | 8% | — | — |
| POWL Powell Industries Inc 2025 | 1.1B | +9% | 20% | 14% | — | — |
| PATH UiPath, Inc. 2026 | 1.6B | +13% | 4% | 22% | — | — |
| ESE Esco Technologies Inc 2025 | 1.1B | +19% | 16% | 19% | 8% | 0.3× |
| QBTS D-Wave Quantum Inc. 2025 | 24.6M | +179% | -408% | -308% | -11% | 6.1× |
| MBLY Mobileye Global Inc. 2025 | 1.9B | +15% | -23% | 28% | — | — |
| ENS EnerSys 2026 | 3.8B | +4% | 11% | 12% | 12% | 1.2× |
| CVLT Commvault Systems Inc 2026 | 1.2B | +19% | 6% | 20% | — | — |
| PI Impinj Inc 2025 | 361.1M | -1% | -0% | 13% | -0% | — |
| SAIC Science Applications International Corp 2026 | 7.3B | -3% | 7% | 8% | 12% | 4.2× |
| DOCS Doximity, Inc. 2026 | 644.9M | +13% | 33% | 51% | — | — |
| KLIC Kulicke & Soffa Industries Inc 2025 | 654.1M | -7% | -0% | 15% | — | — |
| ONDS Ondas Inc. 2025 | 50.7M | — | -115% | -80% | — | — |
| DIOD Diodes Inc 2025 | 1.5B | +13% | 2% | 9% | 2% | -2.2× |
| FELE Franklin Electric Co Inc 2025 | 2.1B | +5% | 13% | 9% | 15% | -0.2× |
| MIR Mirion Technologies, Inc. 2025 | 925.4M | +8% | 6% | 12% | 2% | 0.2× |
| ITRI Itron, Inc. 2025 | 2.4B | -3% | 13% | 16% | 9% | 0.6× |
| OLED Universal Display Corp \PA\ 2025 | 650.6M | +0% | 38% | 24% | — | — |
| MGNI Magnite, Inc. 2025 | 714.0M | +7% | 14% | 23% | -0% | 0.0× |
| QTWO Q2 Holdings, Inc. 2025 | 794.8M | +14% | 5% | 24% | — | — |
| LIF Life360, Inc. 2025 | 489.5M | +32% | 4% | 18% | — | — |
| FRSH Freshworks Inc. 2025 | 838.8M | +16% | 2% | 28% | — | — |
| PENG Penguin Solutions, Inc. 2025 | 1.4B | +17% | 4% | 7% | 4% | 0.1× |
| EXTR Extreme Networks Inc 2026 | 1.3B | +13% | 5% | 7% | 20% | -0.6× |
| FIVN Five9, Inc. 2025 | 1.1B | +10% | 3% | 18% | — | — |
| LASR Nlight, Inc. 2025 | 261.3M | +32% | -10% | 5% | — | — |
| PBI Pitney Bowes Inc 2025 | 1.9B | -7% | 16% | 17% | 19% | 4.2× |
| SEDG Solaredge Technologies, Inc. 2025 | 1.2B | +31% | -25% | 7% | — | — |
| ICHR Ichor Holdings, Ltd. 2025 | 947.7M | +12% | -4% | -1% | -6% | -4.4× |
| NCNO nCino, Inc. 2026 | 594.8M | +10% | 1% | 14% | — | — |
| SPB Spectrum Brands Holdings, Inc. 2025 | 2.8B | -5% | 4% | 6% | 4% | 2.0× |
| CTS CTS Corp 2025 | 541.3M | +5% | 15% | 16% | — | — |
| PRGS Progress Software Corp 2025 | 977.8M | +30% | 16% | 23% | 7% | 8.2× |
| SHLS Shoals Technologies Group, Inc. 2025 | 475.3M | +19% | 12% | -3% | — | — |
| NSSC Napco Security Technologies, Inc 2026 | 202.3M | +11% | 23% | 29% | — | — |
| GTM ZoomInfo Technologies Inc. 2025 | 1.2B | +3% | 18% | 31% | 5% | 4.5× |
| LZ LEGALZOOM.COM, Inc. 2025 | 756.0M | +11% | 3% | 20% | — | — |
| FEIM Frequency Electronics Inc 2026 | 63.2M | -9% | -5% | -2% | — | — |
| NRGV Energy Vault Holdings, Inc. 2025 | 203.7M | — | -37% | -23% | -50% | -0.5× |
| RPD Rapid7, Inc. 2025 | 859.8M | +2% | 1% | 17% | — | — |
| DSP Viant Technology Inc. 2025 | 344.2M | +19% | 4% | 15% | -6% | 0.0× |
| PUBM PubMatic, Inc. 2025 | 282.9M | -3% | -6% | 24% | — | — |
| MITK Mitek Systems Inc 2025 | 179.7M | +4% | 9% | 30% | 5% | -8.3× |
| MLAB Mesa Laboratories Inc 2026 | 249.1M | +3% | 7% | 16% | 4% | 1.7× |
| GDYN Grid Dynamics Holdings, Inc. 2025 | 411.8M | +17% | -0% | 6% | — | — |
| SLDP Solid Power, Inc. 2025 | 17.9M | -11% | — | -467% | — | — |
| CMRC Commerce.com, Inc. 2025 | 342.3M | +3% | -5% | 5% | -9% | -9.2× |
| DOMO Huckleberry.ai, Inc. 2026 | 318.9M | +1% | -12% | -1% | 68% | -2.9× |
| GOOG Alphabet Inc. 2025 | 402.8B | +15% | 32% | 18% | 23% | 0.1× |
| SMCIP Super Micro Computer, Inc. 2026 | 39.1B | +78% | 7% | -18% | — | — |
| GOOGM Alphabet Inc. 2025 | 402.8B | +15% | 32% | 18% | 23% | 0.1× |
| GOOGN Alphabet Inc. 2025 | 402.8B | +15% | 32% | 18% | 23% | 0.1× |
| NOVTU Novanta Inc 2025 | 980.6M | +3% | 10% | 5% | 5% | -0.8× |
Other sectors
Your own portfolio, by sector
Signed in, the risk tab groups your holdings with this same classification: how much money and how much risk sits in each sector, and each company against its sector's median.
Sectors are grouped from each company's SEC industry code — our own grouping of public data, not the GICS classification. Only companies that file their accounts with the US Securities and Exchange Commission are covered: their filings are public, so they can be shown to anyone. A European share or an ETF files elsewhere, and is not here. Nothing on these pages is a recommendation to buy or sell anything.