Technology stocks with the highest profit margins

Ranked

427

of 607 technology stocks we cover

Median

4.3%

Highest

93.7%

ONDS

Range

−95.1% to 93.7%

#	Company	Net margin	Operating margin	Revenue growth (TTM)	Market cap
1	ONDSOndas, Communication Equipment	93.7%	n/m	n/m	$3.5B
2	WDCWestern Digital, Computer Hardware	69.2%	39.4%	+43.0%	$123.9B
3	ZMZoom Communications, Software - Application	65.2%	23.7%	+5.0%	$27.9B
4	APPAppLovin, Software - Application	64.6%	77.4%	+47.6%	$87.1B
5	MUMicron Technology, Semiconductors	63.8%	74.6%	+256.3%	$992.9B
6	NVDANVIDIA, Semiconductors	63.7%	65.2%	+83.4%	$5.1T
7	SNDKSandisk, Computer Hardware	56.5%	61.2%	+175.3%	$181.3B
8	NTNXNutanix, Software - Infrastructure	52.8%	9.6%	+12.4%	$19.1B
9	VRSNVeriSign, Software - Infrastructure	49.8%	67.9%	+6.9%	$27.1B
10	PLTRPalantir Technologies, Software - Infrastructure	49.0%	42.8%	+78.9%	$472.8B
11	AVGOBroadcom, Semiconductors	42.9%	48.0%	+48.7%	$1.5T
12	PTCPTC, Software - Infrastructure	41.4%	37.8%	+19.5%	$21B
13	MSFTMicrosoft, Software - Infrastructure	40.3%	46.8%	+17.8%	$3.9T
14	XZOExzeo, Software - Infrastructure	39.1%	48.5%	+21.8%	$1.5B
15	ANETArista Networks, Computer Hardware	38.4%	43.1%	+32.6%	$217.4B
16	PDPagerDuty, Software - Infrastructure	37.2%	6.5%	+2.3%	$1.4B
17	DUOLDuolingo, Software - Infrastructure	35.9%	13.7%	+29.4%	$6.7B
18	KLACKLA, Semiconductors	35.6%	41.7%	+11.7%	$190.2B
19	TXNTexas Instruments, Semiconductors	34.3%	40.8%	+20.3%	$260B
20	FICOFair Isaac, Software - Application	34.1%	51.7%	+24.1%	$17.6B
21	CRDOCredo Technology, Semiconductors	33.8%	31.7%	+165.1%	$27.7B
22	LRCXLam Research, Semiconductors	32.3%	37.0%	+33.4%	$287.9B
23	OLEDUniversal Display, Hardware, Equipment & Parts	32.2%	34.1%	−8.3%	$4B
24	RMBSRambus, Semiconductors	31.7%	35.5%	+17.2%	$9.3B
25	ALABAstera Labs, Semiconductors	30.7%	22.8%	+98.5%	$44.6B
26	VICRVicor, Hardware, Equipment & Parts	30.6%	18.6%	+11.7%	$8.1B
27	ROPRoper Technologies, Software - Application	30.2%	28.0%	+10.9%	$43.3B
28	AMATApplied Materials, Semiconductors	30.1%	29.6%	+7.8%	$299.4B
29	ADIAnalog Devices, Semiconductors	29.8%	35.5%	+33.6%	$189.5B
30	QLYSQualys, Software - Infrastructure	29.4%	34.4%	+10.4%	$7.5B
31	VEEVVeeva Systems, Software - Application	29.3%	29.9%	+16.5%	$52.3B
32	UIUbiquiti, Communication Equipment	29.3%	36.2%	+27.2%	$35.6B
33	VRSKVerisk Analytics, Software - Services	28.2%	43.9%	+5.0%	$25.5B
34	FTNTFortinet, Software - Infrastructure	28.2%	32.4%	+18.8%	$132.1B
35	ADBEAdobe, Software - Application	28.0%	35.7%	+12.0%	$102.7B
36	MRVLMarvell Technology, Semiconductors	27.9%	16.5%	+30.6%	$200.4B
37	OSPNOneSpan, Software - Infrastructure	27.8%	18.0%	+2.4%	$744M
38	FISFidelity National Information Services, Information Technology Services	27.6%	15.7%	+18.3%	$19.4B
39	AAPLApple, Consumer Electronics	27.6%	33.2%	+14.2%	$5.1T
40	TDCTeradata, Software - Infrastructure	27.1%	7.5%	+1.0%	$3.2B
41	CCSIConsensus Cloud Solutions, Software - Infrastructure	26.7%	41.8%	+1.5%	$686.6M
42	ORCLOracle, Software - Infrastructure	26.4%	32.1%	+21.6%	$381.5B
43	STXSeagate Technology, Computer Hardware	26.1%	33.6%	+34.1%	$142.9B
44	TERTeradyne, Semiconductors	25.8%	30.2%	+57.9%	$48.3B
45	LIFLife360, Software - Application	25.7%	1.1%	+34.0%	$3.7B
46	DOCSDoximity, Information Technology Services	25.5%	29.6%	+11.2%	$6B
47	SABRSabre, Software - Application	25.1%	11.3%	+2.1%	$613.4M
48	GRMNGarmin, Hardware, Equipment & Parts	24.5%	27.6%	+13.5%	$56.6B
49	MPWRMonolithic Power Systems, Semiconductors	24.5%	28.7%	+28.7%	$56B
50	ESEEsco Technologies, Communication Equipment	24.4%	15.7%	+24.0%	$6B
51	CDNSCadence Design Systems, Software - Application	23.6%	30.3%	+14.7%	$87.2B
52	DOCNDigitalOcean, Software - Application	23.3%	14.8%	+21.4%	$11B
53	FDSFactset Research Systems, Software - Application	23.2%	29.6%	+6.6%	$11.8B
54	PAYCPaycom Software, Software - Infrastructure	22.8%	30.3%	+9.2%	$12.4B
55	CPAYCorpay, Software - Infrastructure	22.7%	43.7%	+20.4%	$26.8B
56	NXPINXP Semiconductors, Semiconductors	22.6%	32.0%	+8.8%	$59.2B
57	MGNIMagnite, Software - Application	22.5%	15.6%	+8.3%	$3.3B
58	CRMSalesforce, Software - Application	22.0%	19.9%	+11.2%	$204.6B
59	FFIVF5, Software - Infrastructure	22.0%	24.5%	+9.4%	$25.8B
60	INTUIntuit, Software - Application	21.3%	27.4%	+13.9%	$91.8B
61	NSSCNapco Security Technologies, Communication Equipment	21.3%	22.6%	+11.4%	$1.4B
62	ADSKAutodesk, Software - Application	21.1%	26.2%	+17.9%	$52.7B
63	PATHUiPath, Software - Infrastructure	21.0%	8.9%	+15.0%	$7.4B
64	QCOMQUALCOMM, Semiconductors	21.0%	23.2%	+1.9%	$184.7B
65	CRUSCirrus Logic, Semiconductors	21.0%	23.0%	+6.2%	$5.6B
66	CSCOCisco Systems, Communication Equipment	21.0%	24.3%	+11.8%	$419.9B
67	ESTCElastic, Software - Application	20.8%	−2.6%	+16.2%	$10.8B
68	GENGen Digital, Software - Infrastructure	20.7%	41.7%	+20.2%	$14.9B
69	MTSIMACOM Technology Solutions, Semiconductors	20.7%	18.1%	+28.4%	$18B
70	TWLOTwilio, Software - Infrastructure	20.6%	5.2%	+17.8%	$40.2B
71	IAInnovative Solutions & Support, Information Technology Services	20.5%	27.4%	+20.3%	$351.9M
72	FRSHFreshworks, Software - Infrastructure	20.5%	3.3%	+15.6%	$4B
73	MTCHMatch, Software - Application	20.2%	28.2%	+1.7%	$10.5B
74	ADPAutomatic Data Processing, Software - Application	20.1%	26.3%	+6.7%	$120.8B
75	JKHYJack Henry & Associates, Information Technology Services	19.8%	25.0%	+7.1%	$11.4B
76	NTAPNetApp, Computer Hardware	19.2%	25.0%	+12.2%	$42.3B
77	KEYSKeysight Technologies, Hardware, Equipment & Parts	19.1%	20.3%	+25.5%	$53.6B
78	PLABPhotronics, Semiconductors	19.0%	22.5%	+1.2%	$1.7B
79	GRNDGrindr, Software - Application	18.7%	29.8%	+32.4%	$2.4B
80	RAMPLiveRamp, Software - Application	18.7%	11.6%	+8.9%	$2.3B
81	MANHManhattan Associates, Software - Infrastructure	18.7%	24.3%	+6.5%	$13.9B
82	PEGAPegasystems, Software - Application	18.7%	9.9%	+3.6%	$6B
83	CARGCarGurus, Software - Application	18.2%	n/m	+13.9%	$2.8B
84	BSYBentley Systems, Software - Infrastructure	18.1%	23.6%	+12.8%	$12B
85	MNTNMNTN, Software - Application	18.0%	14.3%	+20.6%	$724.1M
86	GDDYGoDaddy, Software - Infrastructure	17.8%	24.8%	+7.4%	$14.3B
87	APHAmphenol, Hardware, Equipment & Parts	17.7%	27.0%	+54.2%	$182.7B
88	DBXDropbox, Software - Infrastructure	17.5%	26.6%	−0.0%	$8.5B
89	MSIMotorola Solutions, Communication Equipment	17.4%	24.9%	+10.3%	$79.7B
90	UBERUber Technologies, Software - Application	17.3%	12.1%	+16.7%	$136.2B
91	RDVTRed Violet, Software - Infrastructure	16.5%	17.9%	+20.2%	$1.3B
92	NXTNextpower, Semiconductors	16.4%	19.3%	+17.0%	$12B
93	MPTIM-tron Industries, Hardware, Equipment & Parts	16.3%	18.5%	+11.8%	$283.4M
94	LOGILogitech International, Computer Hardware	16.3%	17.7%	+6.6%	$15.7B
95	CGNXCognex, Hardware, Equipment & Parts	16.1%	21.9%	+17.1%	$9.3B
96	PPLIPeople, Software - Application	16.0%	−9.0%	−8.4%	$2.9B
97	IBMInternational Business Machines, Information Technology Services	16.0%	n/m	+6.8%	$238.9B
98	TELTE Connectivity, Semiconductors	15.6%	19.7%	+16.5%	$60.2B
99	AMDAdvanced Micro Devices, Semiconductors	15.6%	15.7%	+39.5%	$843.6B
100	AVPTAvePoint, Software - Infrastructure	15.3%	9.8%	+25.0%	$3.5B

The first 100 of 427.

Not ranked: 64 with a margin moved by items that are not sales, 47 with under $50M of revenue, 8 with not a meaningful number, 5 with a quarter missing. 55 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.