Companies with more cash than debt often have stronger financial flexibility, making them attractive in uncertain markets. With interest payments less of a worry, these businesses can invest more in growth, innovation, or buybacks and dividends.
Finding the best investments isn’t always easy, and that’s why we started StockStory. Keeping that in mind, here are three companies with net cash positions that can leverage their balance sheets to grow.
Intuitive Surgical (ISRG)
Net Cash Position: $5.22 billion (3.9% of Market Cap)
Pioneering minimally invasive surgery since its first da Vinci system was FDA-cleared in 2000, Intuitive Surgical (NASDAQ: ISRG) develops and manufactures robotic-assisted surgical systems that enable minimally invasive procedures across various medical specialties.
Why Do We Love ISRG?
- Market share has increased this cycle as its 20.7% annual revenue growth over the last two years was exceptional
- Earnings per share grew by 17.4% annually over the last five years, massively outpacing its peers
- Free cash flow margin jumped by 7.5 percentage points over the last five years, giving the company more resources to pursue growth initiatives, repurchase shares, or pay dividends
Intuitive Surgical’s stock price of $383.19 implies a valuation ratio of 33.4x forward P/E. Is now the time to initiate a position? Find out in our full research report, it’s free.
IonQ (IONQ)
Net Cash Position: $2.06 billion (14.1% of Market Cap)
Founded by quantum physics pioneers from the University of Maryland and Duke University in 2015, IonQ (NYSE: IONQ) develops quantum computers that process information using trapped ions to solve complex computational problems beyond the capabilities of traditional computers.
Why Are We Positive on IONQ?
- Annual revenue growth of 181% over the past two years was outstanding, reflecting market share gains this cycle
- Expected revenue growth of 163% for the next year suggests its market share will rise
- Adjusted operating margin expanded by 428.5 percentage points over the last five years as it scaled and became more efficient
IonQ is trading at $37.19 per share, or 21x forward price-to-sales. Is now the right time to buy? See for yourself in our comprehensive research report, it’s free.
Accenture (ACN)
Net Cash Position: $1.78 billion (1.5% of Market Cap)
With a workforce of approximately 774,000 people serving clients in more than 120 countries, Accenture (NYSE: ACN) is a professional services firm that helps organizations transform their businesses through consulting, technology, operations, and digital services.
Why Does ACN Stand Out?
- Solid 8.8% annual revenue growth over the last five years indicates its offerings solve complex business issues
- Enormous revenue base of $73.1 billion provides significant distribution advantages
- Stellar returns on capital showcase management’s ability to surface highly profitable business ventures
At $191.32 per share, Accenture trades at 13.5x forward P/E. Is now a good time to buy? Find out in our full research report, it’s free.
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Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.
