Large-cap FCF growth screen
Query: US large-cap stocks with positive free cash flow and revenue growth above 10%, ranked by forward P/E, showing distance from 52-week high · data as of 2026-10-16
Ranked table of 45 US large-caps (>= $10B) with positive free cash flow and >10% YoY revenue growth, sorted by lowest forward P/E — led by TPL, MU, SMCI, JD, PDD, OMC, GFI, GEN, FSLR — with sector/industry, market cap, trailing P/E, FCF and FCF margin, distance from 52-week high, and 1M/6M returns, plus per-row commentary.
209 US large-caps (>= $10B) show positive free cash flow and revenue growth above 10% YoY. Ranked by lowest forward P/E, the cheapest 45 span semis and hardware (Micron, Western Digital, Seagate), China internet (PDD, JD, Trip.com, NetEase), regional banks, and commodity producers. Deep discounts are often paid for cyclicality, tariff/ADR risk, or policy exposure — a low forward multiple is a starting point, not a value verdict. Data as of October 16, 2026.
Positive FCF + Revenue Growth >10% Large Caps, Cheapest on Forward Earnings
| Symbol | Company | Sector | Industry | Market Cap | Forward P/E | Trailing P/E | Revenue Growth YoY | Free Cash Flow | FCF Margin | From 52W High | 1M Return | 6M Return | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TPL | Texas Pacific Land Corporation | Energy | Oil & Gas E&P | 2.42e+10 | 4.8 | 44.65 | 13.09% | 5.269e+08 | 2.18% | -34.99% | 1.07% | -16.70% | Royalty/land model means near-zero capex and the highest cash conversion in E&P; earnings quality is excellent. The crux is Permian activity rather than TPL's own operations — a royalty owner collects on other operators' barrels, so a drilling slowdown compresses volumes without any cost relief lever. Water-handling and mineral interests add optionality. Also owns significant land/real estate assets, which complicates P/E comparisons. |
| MU | Micron Technology, Inc. | Information Technology | Semiconductors | 9.943e+11 | 5.68 | 19.87 | 48.85% | 1.668e+09 | 0.17% | -27.58% | -10.08% | 93.18% | Memory earnings estimates are at cycle-peak velocity, which is exactly why the multiple screens optically cheap — forward EPS reflects HBM/DRAM pricing that is historically mean-reverting. Watch contract pricing and hyperscaler HBM qualification wins as the swing factors; a supply response from Korean and Chinese fabs is the main downside risk. |
| SMCI | Super Micro Computer, Inc. | Information Technology | Computer Hardware | 2.078e+10 | 5.94 | 9.7 | 46.59% | 1.532e+09 | 7.37% | -42.53% | -21.61% | 10.75% | Cheap on estimates but the discount reflects governance, margin transparency and AI-server customer concentration rather than neglect. Server rack assembly is low-margin and working-capital heavy, so gross margin direction and receivables quality matter more than headline growth. Any accounting or filing credibility event has historically hit the stock hard. |
| JD | JD.com, Inc. | Consumer Discretionary | Internet Retail | 3.648e+10 | 6.4 | 18.01 | 17.91% | 2.149e+09 | 5.89% | -21.78% | 1.39% | -14.53% | China e-commerce discount is a policy-and-consumer-confidence discount, not a growth discount. Margin upside comes from the grocery/subsidy pullback, and the electronics/appliance franchise is benefiting from trade-in incentives. ADR structure, VIE governance and US listing risk keep the multiple structurally compressed. |
| PDD | PDD Holdings Inc. | Consumer Discretionary | Internet Retail | 1.153e+11 | 6.61 | 8.47 | 14.45% | 1.529e+10 | 13.26% | -41.38% | 4.17% | -22.73% | Tempered's low-price model generates growth and cash that US investors simply refuse to capitalize — the gap versus domestic retail multiples is the whole thesis and the whole risk. Watch merchant-support investment as a margin drag and any change in US listing/audit status as a re-rating catalyst either way. |
| OMC | Omnicom Group Inc. | Communication Services | Advertising Agencies | 2.21e+10 | 6.69 | — | 10.09% | 2.788e+09 | 12.62% | -9.42% | 3.55% | 4.56% | The multiple reflects the low-growth agency business plus integration and leverage from a large acquisition. Cost synergy realization and whether the combined group can win AI-era media buying budgets are the swing items; client budget cuts in a soft ad market hit this first. |
| GFI | Gold Fields Limited | Materials | Gold | 3.35e+10 | 7 | 9.54 | 15.57% | 1.455e+08 | 0.43% | -38.87% | -13.24% | -23.03% | Gold producer earnings are levered to the metal price and to South African cost inflation, power reliability and currency. Valuation on a forward basis assumes a gold deck that may be optimistic; reserve depletion at mature assets and jurisdiction/social risk in South Africa are the persistent overhangs. |
| GEN | Gen Digital Inc. | Information Technology | Software - Infrastructure | 1.446e+10 | 7.32 | 14.13 | 27.06% | 1.523e+09 | 10.53% | -23.08% | -20.03% | 21.26% | Consumer security software churns out high-margin subscription cash, and acquisitions have added growth. The offset is leverage and a mature-category story: bundling competition from platform vendors and pricing pressure in endpoint security limit multiple expansion. |
| FSLR | First Solar, Inc. | Information Technology | Solar | 1.855e+10 | 7.48 | 17.63 | 24.09% | 1.187e+09 | 6.40% | -45.75% | -14.18% | -9.35% | The cheapest valuation in solar despite strong revenue growth reflects policy dependency — domestic manufacturing credits and tariff protection are the earnings backbone. Bookings backlog visibility is good, but the market prices in eventual credit/tariff normalization. Any change in US trade policy moves this violently in either direction. |
| SHG | Shinhan Financial Group Co Ltd | Financials | Banks - Regional | 3.138e+10 | 7.53 | 9.13 | 20.76% | 4.027e+06 | 0.01% | -16.76% | -14.90% | 2.97% | Korean bank discount reflects structurally low ROE, government pressure on shareholder returns and Korea-discount inertia — but the payout framework has been rising. Capital return announcements and net-interest-margin resilience are the catalysts; a soft property market is the main credit risk. |
| SNAP | Snap Inc. | Communication Services | Internet Content & Information | 1.037e+10 | 7.9 | — | 10.63% | 4.372e+08 | 4.22% | -32.56% | 8.50% | 1.66% | The forward multiple is low because EPS estimates are small relative to a depressed base and advertising remains cyclical. Real leverage sits in the direct-response ad platform and subscription tiers against much larger competitors with richer data. Share count dilution from stock comp is a persistent drag on per-share cash flow. |
| KB | KB Financial Group Inc | Financials | Banks - Regional | 3.787e+10 | 8.23 | 9.97 | 17.77% | 2.778e+06 | 0.01% | -10.59% | -8.48% | 5.90% | Same Korea-discount math as peers: solid capital ratios and rising shareholder returns against political pressure on dividend policy and a soft domestic property/credit backdrop. Cheap on book, but re-rating requires persistent payout increases. |
| BMRN | BioMarin Pharmaceutical Inc. | Health Care | Biotechnology | 1.058e+10 | 8.28 | 147.78 | 12.87% | 7.25e+08 | 6.85% | -22.15% | -15.98% | 0.07% | Rare profitable biotech in this screen — enzyme therapy cash flows fund the pipeline. Trailing multiple looks extreme because of one-time charges, but the forward number is what the franchise is worth. Concentration in a few rare-disease products and single-asset pipeline risk are the watch items; label expansion is the lever. |
| COF | Capital One Financial Corporati | Financials | Credit Services | 1.238e+11 | 8.39 | 11.11 | 36.62% | 2.614e+10 | 21.12% | -21.79% | -0.15% | -1.52% | Bank-like earnings with a card-heavy credit book; the discount reflects card charge-off sensitivity to the consumer and, historically, deal integration noise. A large bank acquisition changes the mix toward traditional deposits and improves funding, but raises integration and regulatory-approval risk. Watch the domestic unemployment and delinquency trends. |
| DKS | Dick's Sporting Goods Inc | Consumer Discretionary | Specialty Retail | 1.422e+10 | 8.83 | 14.06 | 28.06% | 4.002e+08 | 2.81% | -39.65% | 16.49% | -34.69% | Sporting goods retail with a fortress balance sheet and heavy buybacks; margins are sensitive to merchandise mix and promotional intensity. Growth is partly acquisition/space-driven rather than like-for-like, and the category is exposed to discretionary pullback if the consumer weakens. Inventories and gross margin are the tell. |
| ZTO | ZTO Express (Cayman) Inc. | Industrials | Integrated Freight & Logistics | 1.508e+10 | 8.92 | 11.86 | 15.74% | 9.658e+08 | 6.40% | -22.06% | -3.31% | -19.13% | Express parcel volumes track Chinese consumption, and the pricing war among the big delivery networks caps unit economics. Cost per parcel and volume share are the swing metrics; the ADR discount reflects VIE structure and US listing risk as much as the business. |
| AR | Antero Resources Corporation | Energy | Oil & Gas E&P | 1.188e+10 | 8.92 | 11.07 | 21.97% | 6.87e+08 | 5.78% | -14.40% | 8.60% | 5.37% | Gas-weighted E&P with a liquids-rich position and heavy NGL exposure — earnings are levered to natural gas and NGL prices, both of which have been weak in the US while global LNG demand stays firm. Hedging program and maintenance capex discipline support free cash flow; the multiple is a bet on the forward gas curve. |
| ADBE | Adobe Inc. | Information Technology | Software - Application | 9.543e+10 | 8.92 | 14.04 | 10.53% | 9.852e+09 | 10.32% | -31.87% | -2.96% | 0.31% | A high-quality recurring software franchise priced as if generative AI will erode its creative/document moat. That is the entire debate: seat-based pricing versus AI-driven consumption, and whether new AI products can offset decelerating net-new ARR. Cash generation remains exceptional, which funds buybacks while the market waits for evidence. |
| OWL | Blue Owl Capital Inc. | Financials | Asset Management | 1.387e+10 | 8.95 | 73.75 | 25.04% | 1.198e+09 | 8.64% | -48.46% | -11.14% | -6.27% | Private-credit and alternative asset manager: distributable earnings are cash-rich, but the multiple reflects fee-related-earnings quality, balance-sheet co-investment risk and credit-cycle exposure. Watch fundraising pace and credit marks in the direct-lending book. |
| CI | The Cigna Group | Health Care | Healthcare Plans | 7.988e+10 | 9.03 | 12.51 | 11.24% | 8.551e+09 | 10.70% | -2.23% | 9.53% | 9.73% | Discounted on managed-care margin recovery expectations rather than the business mix — medical cost trend and pharmacy-benefit economics are the swing factors. A soft medical-loss-ratio quarter can re-rate the stock sharply; regulatory scrutiny of PBM practices is the structural overhang. |
| PINS | Pinterest, Inc. | Communication Services | Internet Content & Information | 1.241e+10 | 9.12 | 64.44 | 15.79% | 1.252e+09 | 10.09% | -37.83% | 19.66% | 8.90% | Visual discovery ad platform where the cheap forward multiple discounts user-engagement volatility and heavy investment in shopping/ad tech. The catalyst is monetization efficiency per user, particularly international; the risk is a smaller budget share if retail ad competition intensifies. |
| B | Barrick Mining Corporation | Materials | Gold | 6.775e+10 | 9.27 | 10.55 | 31.22% | 5.67e+08 | 0.84% | -22.95% | -6.57% | -5.33% | Gold miner with a large copper by-product stream — cash flow tied to both metals and to jurisdiction-specific operating execution. Management has been disciplined on costs and shareholder returns, but the multiple embeds a constructive metal price deck; copper growth projects are the volume lever. |
| KEY | KeyCorp | Financials | Banks - Regional | 2.133e+10 | 9.36 | 11.69 | 62.65% | 2.056e+09 | 9.64% | -16.67% | -4.58% | -6.51% | Regional bank with a fee-heavy mix from investment banking and capital markets; cheap on forward earnings because net interest margin and credit costs are the swing items. Deposit costs and commercial real estate exposure are what the market is discounting. Rises and falls with the rate curve. |
| TCOM | Trip.com Group Limited | Consumer Discretionary | Travel Services | 2.519e+10 | 9.46 | 5.96 | 22.23% | 1.945e+09 | 7.72% | -49.33% | -0.87% | -27.50% | China travel recovery is intact but the multiple carries a governance/listing discount and sensitivity to Chinese outbound travel policy. Inbound travel and international platform expansion are the structural growth levers; margins are high because the model is asset-light and booking-fee based. |
| AMCR | Amcor plc | Consumer Discretionary | Packaging & Containers | 2.026e+10 | 9.75 | 18.42 | 10.04% | 1.058e+09 | 5.22% | -13.31% | 3.47% | 7.82% | Packaging is a low-growth, cash-return business; growth here is largely acquisition-driven, which muddies the organic picture. The discount reflects leverage, integration risk and the ongoing shift from rigid to flexible formats. Pricing pass-through of resin costs is the margin tell. |
| FLUT | Flutter Entertainment plc | Consumer Discretionary | Gambling | 1.312e+10 | 10.02 | — | 16.62% | 1.079e+09 | 8.22% | -70.04% | -18.27% | -31.32% | Sportsbook and gaming operator whose US-listing and share-price weakness reflect execution and integration questions plus regulatory tax headwinds across states and the UK. The structural positives are scale and an unrivalled recreational-gaming footprint; the risk is rising gaming taxes compressing margins across markets. |
| CART | Maplebear Inc. | Consumer Discretionary | Internet Retail | 1.183e+10 | 10.18 | 27.23 | 10.78% | 9.1e+08 | 7.69% | -3.77% | 9.69% | 20.39% | Online grocery marketplace with asset-light economics — the question is whether order frequency and advertising revenue can keep pace with fulfillment and incentive spend. Scale versus the large retail incumbents in grocery delivery is the competitive risk; ad revenue is the margin lever. |
| WDC | Western Digital Corporation | Information Technology | Computer Hardware | 1.243e+11 | 10.46 | 12.32 | 50.70% | 1.279e+09 | 1.03% | -55.51% | -21.67% | -10.83% | Storage is in a pricing upcycle driven by AI data-center demand, so the forward multiple discounts a cyclical peak rather than a structural re-rating. The spin-off into a pure NAND/storage story sharpened focus; the swing factor is contract pricing, with hyperscaler inventory pauses as the historical killer. |
| EXE | Expand Energy Corporation | Energy | Oil & Gas E&P | 2.162e+10 | 10.52 | 8.05 | 186.28% | 1.839e+09 | 8.50% | -23.99% | 5.75% | -1.34% | Large natural-gas producer where growth is coming from acquisitions rather than organic drilling; that explains the outsized growth rate but also the leverage and integration risk. Free cash flow is meaningful but hinges on Henry Hub and Gulf Coast LNG export volumes. Watch hedge book and per-unit cost. |
| LVS | Las Vegas Sands Corp. | Consumer Discretionary | Resorts & Casinos | 2.462e+10 | 10.79 | 14.73 | 15.22% | 1.855e+09 | 7.53% | -45.30% | -6.54% | -33.25% | Macau and Singapore exposure with a balance sheet skewed toward a capital-intensive development pipeline; the multiple discounts China consumer weakness and the pace of Macau mass-market recovery. Dividend restoration and ramp of new capacity are the catalysts. |
| JLL | Jones Lang LaSalle Incorporated | Real Estate | Real Estate Services | 1.406e+10 | 10.81 | 14.65 | 11.45% | 1.147e+09 | 8.16% | -22.22% | -9.30% | -11.81% | Commercial real estate services — transaction and leasing revenue is highly cyclical to the property cycle and capital-markets activity. Cheap on forward earnings because the market discounts a durable recovery in transaction volumes; the offset is the (now smaller) incentive-fee business. |
| RRC | Range Resources Corporation | Energy | Oil & Gas E&P | 1.01e+10 | 10.87 | 11.94 | 28.90% | 1.17e+09 | 11.58% | -9.30% | 10.54% | 4.14% | Appalachian gas producer with low-cost acreage and a disciplined maintenance-capex model — the entire thesis is natural gas prices and pipeline/LNG export takeaway. Premium multiple on gas versus oil peers; a warm winter or LNG delay is the main downside. |
| FOXA | Fox Corporation | Communication Services | Entertainment | 2.659e+10 | 11.03 | 16.71 | 16.60% | 2.993e+09 | 11.25% | -15.71% | -1.28% | -0.98% | Broadcast/political-advertising leverage plus sports rights cost inflation is the whole story. Cheap because the cable/network business suffers secular cord-cutting and affiliate-fee pressure; ad pricing in an election and sports-betting adjacency provide offsets. |
| NBIX | Neurocrine Biosciences, Inc. | Health Care | Drug Manufacturers - Specialty & Generic | 1.379e+10 | 11.35 | 19.87 | 21.45% | 7.487e+08 | 5.43% | -26.84% | -10.62% | 1.85% | Profitable neurology-focused pharma with a marketed franchise and a pipeline of late-stage assets; the discount is real because revenue concentration and patent timing matter. A key drug approval or label expansion is the re-rating catalyst — the risk is a failed or delayed trial reading. |
| IP | International Paper Company | Consumer Discretionary | Packaging & Containers | 1.803e+10 | 11.39 | — | 49.25% | 1.164e+09 | 6.46% | -30.78% | -4.22% | -4.27% | Containerboard pricing and integration of a large packaging acquisition drive results; a low multiple on optically strong growth reflects that pricing windfalls are cyclical and that merger synergies are still being realized. Industry capacity additions are the margin risk. |
| STX | Seagate Technology Holdings PLC | Information Technology | Computer Hardware | 1.453e+11 | 11.54 | 45.91 | 38.86% | 8.18e+08 | 0.56% | -41.59% | -20.37% | 16.84% | Nearline HDD demand from AI data-center storage is the growth engine and the risk at once: the forward multiple reflects peak-cycle earnings and a cartel-like supply discipline among two or three makers. HAMR capacity ramp and pricing renewals are the swing factors. |
| CF | CF Industries Holdings, Inc. | Materials | Agricultural Inputs | 1.829e+10 | 11.59 | 8.97 | 19.34% | 1.802e+09 | 9.85% | -13.23% | -9.69% | 8.24% | Nitrogen fertilizer producer — earnings tied to gas-input spreads, urea prices and global supply. The valuation is a spread business, not growth: cheap multiples appear when spreads are wide and compress quickly when new capacity comes online or Chinese exports resume. |
| HALO | Halozyme Therapeutics, Inc. | Health Care | Biotechnology | 1.383e+10 | 11.72 | 35.73 | 37.55% | 6.446e+08 | 4.66% | 0.00% | 11.09% | 75.84% | Royalty-driven biotech with exceptionally high margins and cash conversion; the concentration on a few partnered programs is the offset. Growth comes from label expansion of the lead product and conversion of royalty streams into equity economics — a single program miss is material. |
| SCHW | Charles Schwab Corporation (The | Financials | Capital Markets | 1.59e+11 | 11.78 | 16.75 | 22.01% | 8.763e+09 | 5.51% | -19.08% | -12.11% | 0.30% | Rate-sensitive brokerage and deposit franchise: cheap on forward earnings as clients move cash into higher-yielding products and the rate curve flattens. A large bank acquisition adds scale but ties earnings to credit costs. Net interest margin and client cash-sorting are the key metrics. |
| NTES | NetEase, Inc. | Communication Services | Electronic Gaming & Multimedia | 8.072e+10 | 11.89 | 16.06 | 11.65% | 7.103e+09 | 8.80% | -17.53% | 8.09% | 7.71% | Profitable Chinese gaming and online-services franchise with a rich IP pipeline; ADR structure and China regulatory/publishing-approval risk compress the multiple. New game launches and licensing timings are the catalysts; advertising on media properties adds cyclical sensitivity. |
| INTU | Intuit Inc. | Information Technology | Software - Application | 8.689e+10 | 11.92 | 19.83 | 15.63% | 6.123e+09 | 7.05% | -52.42% | 4.32% | -16.56% | Mission-critical accounting/tax software with inelastic demand and pricing power; the discount versus peers reflects growth deceleration and investor fatigue with the platform/legacy mix. AI-assisted consumer offerings raise both competition and positioning questions. Buyback and pricing realizations support the cash floor. |
| TLN | Talen Energy Corporation | Utilities | Utilities - Independent Power Producers | 1.678e+10 | 12.18 | — | 59.97% | 6.06e+08 | 3.61% | -19.02% | 20.97% | -2.88% | Independent power producer whose cash flows benefit from data-center electricity demand; the forward multiple discounts volatility in power prices, regulatory outcomes and its nuclear/gas fleet’s contract mix. Capacity auctions and data-center power-purchase agreements are the re-rating levers. |
| APH | Amphenol Corporation | Information Technology | Electronic Components | 1.957e+11 | 12.34 | 19.79 | 51.71% | 4.378e+09 | 2.24% | -10.46% | 1.41% | 5.38% | Interconnect and electronic-components maker with diversified exposure to AI data centers, defense and industrial markets. Cheap relative to growth because of cyclicality and acquisition-driven expansion; the margin tell is incremental profitability on AI-related orders and any order push-outs at hyperscalers. |
| APP | Applovin Corporation | Communication Services | Advertising Agencies | 8.94e+10 | 12.67 | 20.47 | 69.99% | 3.966e+09 | 4.44% | -63.72% | -17.25% | -44.23% | Adtech platform whose earnings growth is coming from a mobile-gaming advertising engine; the sharp drawdown reflects concerns about the durability of that revenue engine and platform/regulatory dependency. The multiple is highly sensitive to a single vertical. |
| CPAY | Corpay, Inc. | Information Technology | Software - Infrastructure | 2.625e+10 | 12.8 | 24.32 | 13.93% | 1.299e+09 | 4.95% | -5.97% | -1.09% | 19.48% | Corporate payments and fleet-card processor: durable mid-teens growth from fuel cards plus acquired software/AP businesses. The discount reflects rate sensitivity on float income and leverage from deal-making rather than organic deterioration. |
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