Asset-Light Model Stocks
Entities operating under this framework decouple operational execution from heavy capital ownership by utilizing third-party physical infrastructure, franchising, or subcontracting to generate high returns on invested capital.
As of Oct 23, 2026, Asset-Light Model has 106 US-listed companies worth $727B combined. The median member moved +0.7% over the past week; IOT led among the 25 largest at +13.5% and OR trailed at -7.6%.
Companies in Asset-Light Model
- BKNG – Booking Holdings Inc, $121B
- MAR – Marriott International Inc, $103B
- HLT – Hilton Worldwide Holdings Inc, $80.6B
- QSR – Restaurant Brands International Inc, $34B
- IRM – Iron Mountain Incorporated, $32.9B
- IOT – Samsara Inc, $25.6B
- EXPD – Expeditors International of Washington, Inc., $25.5B
- IHG – InterContinental Hotels Group PLC ADR, $24.5B
- LEN – Lennar Corporation, $20.2B
- RGLD – Royal Gold Inc, $19.9B
- H – Hyatt Hotels Corporation, $16.7B
- CHRW – CH Robinson Worldwide Inc, $16.6B
- NVR – NVR Inc, $16.3B
- RBA – RB Global Inc., $15.6B
- HTHT – Huazhu Group Ltd, $14.6B
- UHAL – U-Haul Holding Company, $12B
- DPZ – Domino's Pizza Inc Common Stock, $10.5B
- CELH – Celsius Holdings Inc, $7.2B
- OR – Osisko Gold Ro, $6.5B
- LSTR – Landstar System Inc, $5.8B
- WH – Wyndham Hotels & Resorts Inc, $5.8B
- GATX – GATX Corporation, $5.8B
- JMKE – Jersey Mike's Subs Inc., $5.6B
- CHH – Choice Hotels International Inc, $4.9B
- RXO – RXO Inc., $4.7B
- OPLN – OPENLANE, Inc., $4.6B
- LOPE – Grand Canyon Education Inc, $4.3B
- BCO – Brinks Company, $4.3B
- TNL – Travel + Leisure Co, $4.1B
- MRP – Millrose Properties, Inc., $3.8B
- DORM – Dorman Products Inc, $3.7B
- PLMR – Palomar Holdings Inc, $3.7B
- ZIM – ZIM Integrated Shipping Services Ltd, $3.5B
- WING – Wingstop Inc, $3.3B
- BSM – Black Stone Minerals LP, $3.1B
- PRVA – Privia Health Group Inc, $2.9B
- ARCB – ArcBest Corp, $2.9B
- AD – Array Digital Infrastructure, Inc., $2.9B
- EROK – EagleRock Land, LLC, $2.8B
- WSC – Willscot Mobile Mini Holdings Corp A, $2.8B
- MGRC – McGrath RentCorp, $2.8B
- OSW – OneSpaWorld Holdings Ltd, $2.5B
- KRP – Kimbell Royalty Partners LP, $2.1B
- GSHD – Goosehead Insurance Inc, $1.7B
- GSL – Global Ship Lease Inc, $1.7B
- ETON – Eton Pharmaceuticals Inc, $1.6B
- PGY – Pagaya Technologies Ltd., $1.6B
- INVA – Innoviva Inc, $1.5B
- DMLP – Dorchester Minerals LP, $1.4B
- NRP – Natural Resource Partners LP, $1.4B
- LQDT – Liquidity Services Inc, $1.3B
- BRBR – Bellring Brands LLC, $1.1B
- HBNB – Hotel101 Global Holdings Corp. Class A Ordinary Shares, $1.1B
- WINA – Winmark Corporation, $1.1B
- SBR – Sabine Royalty Trust, $1.1B
- PSNY – Polestar Automotive Holding UK PLC Class A ADS, $1B
- VMET – Versamet Royalties Corporation Common Stock, $994M
- DEC – Diversified Energy Company plc, $926M
- CVLG – Covenant Logistics Group, Inc., $857M
- HTLD – Heartland Express Inc, $794M
- DFH – Dream Finders Homes Inc, $783M
- SKYH – Sky Harbour Group Corporation, $749M
- WHK – WhiteHawk Minerals Corp., $700M
- INN – Summit Hotel Properties Inc, $649M
- GRNT – Granite Ridge Resources Inc, $605M
- FWRD – Forward Air Corporation, $537M
- ULH – Universal Logistics Holdings Inc, $487M
- NATH – Nathans Famous Inc, $417M
- RLGT – Radiant Logistics Inc, $412M
- DIN – Dine Brands Global Inc, $409M
- VOXR – Vox Royalty Corp. Common Stock, $356M
- AIOT – PowerFleet, Inc., $354M
- KWY – Kingsway Corporation, $273M
- POWW – Ammo Inc, $260M
- JACK – Jack in the Box Inc., $243M
- MSB – Mesabi Trust, $235M
- SES – SES AI Corp, $234M
- SMHI – SEACOR Marine Holdings Inc, $224M
- CHCI – Comstock Holding Companies Inc, $186M
- TMCR – The Metals Royalty Company Inc. Common Stock, $138M
- UP – Wheels Up Experience Inc, $137M
- PLBY – Plby Group Inc, $118M
- GHG – GreenTree Hospitality Group Ltd, $103M
- JYNT – The Joint Corp, $102M
- HMR – Heidmar Maritime Holdings Corp. Common Stock, $98.5M
- RBCN – Rubicon Technology Inc, $53.6M
- KG – Kestrel Group, Ltd., $39.2M
- RAVE – Rave Restaurant Group Inc, $39.1M
- PXLW – Pixelworks Inc, $35.9M
- KMRK – K-Tech Solutions Company Limited Class A Ordinary Shares, $32.1M
- QRHC – Quest Resource Holding Corp, $29.3M
- ABVC – ABVC Biopharma Inc, $26.7M
- CKX – CKX Lands Inc, $22.4M
- MXC – Mexco Energy Corporation, $20.1M
- UFG – Uni-Fuels Holdings Limited Class A Ordinary Shares, $14.3M
- REBN – Reborn Coffee Inc, $12.1M
- BANL – CBL International Limited Ordinary Shares, $9.4M
- MSN – Emerson Radio Corporation, $9.1M
- REED – Reed's, Inc., $7.6M
- JEM – 707 Cayman Holdings Limited Ordinary Shares, $2.6M
- CIIT – Tianci International, Inc. Common Stock, $2.2M
- XELB – Xcel Brands Inc, $2.2M
- UK – Ucommune International Ltd, $1.3M
- MNDR – Mobile-health Network Solutions Class A Ordinary Shares, $1.1M
- RUBI – Rubico Inc. Common Stock, $574,503
- SFPT – Safepoint Holdings, Inc.