A clean balance sheet can signal disciplined management and stability. It also means a company can expand and thrive without relying on borrowed capital.
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 continue growing sustainably.
Vita Coco (COCO)
Net Cash Position: $278.5 million (8.1% of Market Cap)
Founded in 2004 followed by a 2021 IPO, The Vita Coco Company (NASDAQ:COCO) offers coconut water products that are a natural way to quench thirst.
Why Do We Love COCO?
- Unit sales were phenomenal over the past two years, showing demand is robust and retailers can’t stock enough of its products
- Incremental sales over the last three years have been highly profitable as its earnings per share increased by 42.9% annually, topping its revenue gains
- Free cash flow margin increased by 12.9 percentage points over the last year, giving the company more capital to invest or return to shareholders
At $57.98 per share, Vita Coco trades at 27.3x forward P/E. Is now a good time to buy? See for yourself in our full research report, it’s free.
Molina Healthcare (MOH)
Net Cash Position: $1.22 billion (11.9% of Market Cap)
Founded in 1980 as a provider for underserved communities in Southern California, Molina Healthcare (NYSE:MOH) provides managed healthcare services primarily to low-income individuals through Medicaid, Medicare, and Marketplace insurance programs across 21 states.
Why Does MOH Stand Out?
- Solid 13.7% annual revenue growth over the last five years indicates its offerings solve complex business issues
- Scale advantages are evident in its $44.52 billion revenue base, which provides operating leverage when demand is strong
- Projected revenue growth of 5.1% for the next 12 months suggests its momentum from the last two years will persist
Molina Healthcare’s stock price of $198.01 implies a valuation ratio of 27.8x forward P/E. Is now the time to initiate a position? Find out in our full research report, it’s free.
Alignment Healthcare (ALHC)
Net Cash Position: $363 million (23.2% of Market Cap)
Founded in 2013 with a mission to transform healthcare for seniors, Alignment Healthcare (NASDAQ:ALHC) provides Medicare Advantage health plans for seniors with features like concierge services, transportation benefits, and technology-driven care coordination.
Why Is ALHC a Good Business?
- Annual revenue growth of 43.2% over the last two years was superb and indicates its market share increased during this cycle
- Incremental sales over the last five years have been highly profitable as its earnings per share increased by 47.9% annually, topping its revenue gains
- Free cash flow margin jumped by 6.8 percentage points over the last five years, giving the company more resources to pursue growth initiatives, repurchase shares, or pay dividends
Alignment Healthcare is trading at $7.42 per share, or 14.4x forward P/E. Is now the right time to buy? See for yourself in our in-depth research report, it’s free.
Stocks We Like Even More
ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time.
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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-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.