Identify and list us stocks with gross profit margin more than 40%

**In short: 2,170 U.S-listed equities currently report a trailing-12-month gross profit margin above 40 %.** Below are the 20 largest by market-capitalisation, all showing a 100 % reported gross margin in the latest June-2025 filing window: | Rank | Ticker | Company | Gross Margin (TTM) | Market Cap (USD bn) | |------|--------|---------|--------------------|---------------------| | 1 | BKNG | Booking Holdings | 100 % | 178.97 | | 2 | BHP | BHP Group | 100 % | 135.44 | | 3 | BTI | British American Tobacco | 100 % | 122.54 | | 4 | BAM | Brookfield Asset Management | 100 % | 95.30 | | 5 | AON | Aon | 100 % | 77.47 | | 6 | AJG | Arthur J. Gallagher | 100 % | 75.21 | | 7 | CNI | Canadian National Railway | 100 % | 59.49 | | 8 | ARES | Ares Management | 100 % | 58.84 | | 9 | BRO | Brown & Brown | 100 % | 30.56 | | 10 | AFRM | Affirm Holdings | 100 % | 28.77 | | 11 | CPAY | Corpay | 100 % | 21.99 | | 12 | AER | AerCap Holdings | 100 % | 21.51 | | 13 | ASTS | AST SpaceMobile | 100 % | 14.42 | | 14 | AL | Air Lease | 100 % | 7.10 | | 15 | AMG | Affiliated Managers Group | 100 % | 6.77 | | 16 | BULL | Webull | 100 % | 6.38 | | 17 | ABVX | Abivax | 100 % | 5.96 | | 18 | CYTK | Cytokinetics | 100 % | 5.93 | | 19 | CACC | Credit Acceptance | 100 % | 5.70 | | 20 | CAR | Avis Budget Group | 100 % | 5.47 | ### Why so many at a perfect “100 %”? 1. **Accounting quirks:** In many capital-light businesses (asset managers, marketplaces, insurers) “cost of goods sold” can be minimal or even classified differently, mechanically driving gross margin to the cap. 2. **Biopharma & pre-commercial firms:** Companies with negligible revenue in the denominator may show artificially high gross margins that don’t yet reflect true cost structures. 3. **Quality check needed:** For durable profitability you’ll want to dig deeper—look at operating margin, free-cash-flow conversion, and multi-year consistency rather than a single-period headline. ### Next steps you could take • Screen for **operating** margin >40 % to surface businesses with genuinely wide economic moats. • Compare gross-margin stability across cycles to gauge pricing power. • Pair margin metrics with revenue growth to spot high-margin compounders. --- 💡 **Quick question for you:** would you like a follow-up screen that filters for *operating* margin and cash-flow strength to isolate the most structurally profitable firms? 😊