The shelf — 132 companies: the 114 on our compounder list and 18 more with live reports
This is the whole coverage list, in the open, sorted by the kind of machine each company is. The 114 on the list are here because of one test: a profit in every year, and profit per share that grew at least 8% a year on a steady path. It was first run on September 30, 2026, and has been run again, on the data of the day, for each of the 6 companies added since. 83 passed it over ten years, 23 over the last five only, and 8 came close and are kept on watch. The list was chosen looking backward: a company is here because its profit already grew, so a strong record of past profit growth on these pages is how the list was made, not something the list found out. Those 18 sit in their own section at the foot of the page. What members get is everything underneath — the full report behind each name as it publishes, the weekly monitor, and this same list with every published report one click away.
A serial acquirer, a toll booth and a waste hauler build wealth in different ways — so every name here is measured against its own kind. To see what a full report looks like, read the Mastercard sample; it is the real thing, not a brochure.
The Giants · 3
The hundred-billion-scale spenders whose capital plans move every other shelf.
GOOGL — Alphabet, Inc.
META — Meta Platforms, Inc.
MSFT — Microsoft Corp.
The AI Build-Out · 9Data Centre Boom
Who gets paid to build the data centres — chips, the tools that make them, networking gear and the foundry.
The silicon
NVDA — NVIDIA Corp.
TSM — Taiwan Semiconductor Manufacturing Co., Ltd.
The toolmakers
AMAT — Applied Materials, Inc.
KLAC — KLA Corp.
LRCX — Lam Research Corp.
ASML — ASML Holding NV
Networking & optics
ANET — Arista Networks, Inc.
FN — Fabrinet
CLS — Celestica, Inc.listed in Toronto
Serial Acquirers & Niche Compounders · 15
Growth by buying, mostly small businesses and many of them, at high returns on the money put in — the roll-ups and the platform builders.
Aerospace parts
HEI — HEICO Corp.
TDG — TransDigm Group, Inc.
HWM — Howmet Aerospace, Inc.
Platform builders — the small-deal machines
ROP — Roper Technologies, Inc.
AME — AMETEK, Inc.
TDY — Teledyne Technologies, Inc.
PH — Parker-Hannifin Corp.
FSS — Federal Signal Corp.
The insurance brokers
AJG — Arthur J. Gallagher & Co.
BRO — Brown & Brown, Inc.
MRSH — Marsh & McLennan Cos., Inc.
Contractor consolidators
FIX — Comfort Systems USA, Inc.also fits: Electrification & the Grid
EME — EMCOR Group, Inc.also fits: Electrification & the Grid
Engineering & technology consultancies
WSP — WSP Global, Inc.listed in Toronto
GIB.A — CGI, Inc.listed in Toronto
Toll Booths · 8Toll Booths of Finance
Networks, exchanges, indexes, scores and data — businesses that clip a fee every time money or information passes through.
Payments networks
V — Visa, Inc.
MA — Mastercard, Inc.
Exchanges & trading venues
CME — CME Group, Inc.
TW — Tradeweb Markets, Inc.
Indexes & scores
MSCI — MSCI, Inc.
FICO — Fair Isaac Corp.
Data & analytics
FDS — FactSet Research Systems, Inc.
RELX — RELX Plc
Back-Office Annuities · 9
Payroll, processing and accounting rails — subscription-grade revenue from work every business must do.
Payroll & HR
ADP — Automatic Data Processing, Inc.
PAYX — Paychex, Inc.
PAYC — Paycom Software, Inc.
Payments processing
FISV — Fiserv, Inc.
Financial back office & accounting
BR — Broadridge Financial Solutions, Inc.
JKHY — Jack Henry & Associates, Inc.
INTU — Intuit, Inc.
Technology services
ACN — Accenture Plc
PLUS — ePlus, Inc.
Software Franchises · 9
Software that customers build their work around — chip design, security, and the systems that run a business.
Chip design
CDNS — Cadence Design Systems, Inc.
SNPS — Synopsys, Inc.
Security
CHKP — Check Point Software Technologies Ltd.
FTNT — Fortinet, Inc.
Business software
NICE — NICE Ltd. (Israel)
SPSC — SPS Commerce, Inc.
ADBE — Adobe, Inc.
VEEV — Veeva Systems, Inc.
DSG — The Descartes Systems Group, Inc.listed in Toronto
Route Density & Consolidation · 5
Waste, pest control, uniforms and freight — unglamorous essentials where owning the densest routes wins.
Waste
WM — Waste Management, Inc.
RSG — Republic Services, Inc.
Pest
ROL — Rollins, Inc.
Uniforms & route services
CTAS — Cintas Corp.
Freight
ODFL — Old Dominion Freight Line, Inc.
Distribution Compounders · 5
The middlemen with the parts — branch networks and availability nobody can copy quickly.
Car parts & care
ORLY — O’Reilly Automotive, Inc.
AZO — AutoZone, Inc.
XPEL — XPEL, Inc.
CPRT — Copart, Inc.
Trade & pro distribution
WSO — Watsco, Inc.
Electrification & the Grid · 5
Makers and builders of the power layer — the switchgear, and the crews that string the lines.
Electrical equipment makers
ETN — Eaton Corp. Plc
HUBB — Hubbell, Inc.
Grid & electrical contractors
PWR — Quanta Services, Inc.
PRIM — Primoris Services Corp.
STRL — Sterling Infrastructure, Inc.
Med-Tech, Tools & Care · 11
Devices, instruments, animal health, a drug maker and care at home — regulated businesses whose customers come back.
Surgical & devices
SYK — Stryker Corp.
ISRG — Intuitive Surgical, Inc.
LMAT — LeMaitre Vascular, Inc.
Tools & instruments
TMO — Thermo Fisher Scientific, Inc.also fits: Serial Acquirers & Niche Compounders
MTD — Mettler-Toledo International, Inc.
Animal health
IDXX — IDEXX Laboratories, Inc.
ZTS — Zoetis, Inc.
Device & drug-delivery components
WST — West Pharmaceutical Services, Inc.
UFPT — UFP Technologies, Inc.
Drug makers
NVO — Novo Nordisk A/S
Care at home
ADUS — Addus HomeCare Corp.
Essential Infrastructure · 6
Water, power and buildings — long-lived assets with service income attached.
Water
AWK — American Water Works Co., Inc.
WTRG — Essential Utilities, Inc.
BMI — Badger Meter, Inc.
Power
OTTR — Otter Tail Corp.
Buildings & HVAC
TT — Trane Technologies Plc
LII — Lennox International, Inc.
Mission-Critical Niches · 4
Strong positions in narrow industrial and technology niches.
Industrial niches
BRC — Brady Corp.
Communications & connected devices
MSI — Motorola Solutions, Inc.
DGII — Digi International, Inc.
NSSC — Napco Security Technologies, Inc.
Consumer Franchises · 14
Warehouse clubs, dollar stores, grocers and the brands people return to.
Clubs, dollar stores & grocers
COST — Costco Wholesale Corp.
DOL — Dollarama, Inc.listed in Toronto
PSMT — PriceSmart, Inc.
L — Loblaw Cos. Ltd.listed in Toronto
CASY — Casey’s General Stores, Inc.
Brands & specialty retail
RACE — Ferrari NV
LULU — lululemon athletica, Inc.
BOOT — Boot Barn Holdings, Inc.
IPAR — Interparfums, Inc.
TR — Tootsie Roll Industries, Inc.
WSM — Williams-Sonoma, Inc.
Devices, streaming & broadband
AAPL — Apple, Inc.
NFLX — Netflix, Inc.
CHTR — Charter Communications, Inc.
Homes · 3
The builders of houses, and the crews that finish them.
GRBK — Green Brick Partners, Inc.
CVCO — Cavco Industries, Inc.
IBP — Installed Building Products, Inc.also fits: Serial Acquirers & Niche Compounders
Banks & Lenders · 8
Banks and lenders that passed the same steady-profit test.
U.S. banks
CASH — Pathward Financial, Inc.
AX — Axos Financial, Inc.
PFBC — Preferred Bank (California)
BANF — BancFirst Corp. (Oklahoma)
SFBS — ServisFirst Bancshares, Inc.
TBBK — The Bancorp, Inc. (Delaware)
International
IBN — ICICI Bank Ltd.
Mortgage insurance
NMIH — NMI Holdings, Inc.
Also on the shelf — live reports outside the list · 18
18 more companies we cover that are not on the compounder list above. Their published reports stay live.
The data-centre boom
AMZN — Amazon.com, Inc.
AVGO — Broadcom Inc.
DY — Dycom Industries, Inc.
IESC — IES Holdings, Inc.
MYRG — MYR Group, Inc.
ORCL — Oracle Corp.
Toll booths
AXP — American Express Co.
SPGI — S&P Global, Inc.
MCO — Moody’s Corp.
Canadian banks
BMO — Bank of Montreal
RY — Royal Bank of Canada
TD — The Toronto-Dominion Bank
Off-price retail
TJX — The TJX Cos., Inc.
ROST — Ross Stores, Inc.
BURL — Burlington Stores, Inc.
Waste & med-tech
WCN — Waste Connections, Inc.
GMED — Globus Medical, Inc.
Widely held
HD — Home Depot, Inc.
Coverage as of October 10, 2026. One genre per company; a few names carry an “also fits” note where a second genre has an honest claim. Nothing on this page is investment advice.