Title: The ultimate stock screener? Subtitle: How I eliminate 99% of stocks Publication: Compounding Quality (Substack, paid post) Author: Compounding Quality (byline "COMPOUNDING QUALITY"; signed "Team Compounding Quality") Date: 2026-09-13 (byline SEP 13, 2026; API post_date 2026-09-13 11:45 UTC) URL: https://www.compoundingquality.net/p/the-ultimate-stock-screener Audience: only_paid Note: text captured verbatim from the paid post via a logged-in browser session (custom-domain SSO warm-up via /account first); the public API body truncates at "You can find them here:". Written post - no timestamps. Charts and tables are published as images; the ones carrying figures are transcribed inline as [Table image - ...] / [Chart image - ...] blocks at the point they appear (the eight-criteria graphic, the Fiscal.ai screener settings, the three sorted result tables, the downloadable results sheet, and the Fiscal.ai chart under each of the five favourites). Company photos/logos are noted in one line. The downloadable Google Sheet itself (https://docs.google.com/spreadsheets/d/14Oj_WcNo7gWdmMQ8TOXX73i053UEdLt2xyTJhbjZeqU) was not opened; only the rows visible in the post's screenshot are transcribed. Promotional webinar blocks kept as published. The ultimate stock screener? On Tuesday, September 29, I'm hosting a FREE masterclass where I'll show you exactly how to find the best companies in the world. It's a live webinar for one hour. It's 100% free and there's a Q&A at the end where I'll stay until all your questions have been answered. You can register here. [Image - not transcribed.] In the entire world, there are more than 50,000 public companies. This means you face two problems: You can't analyze them all You only want to own the best of the best Today we are using a stock screener (which you can use too) to find some of the best companies in the world. A stock screener? You can think of a stock screener as a set of filters. You start with a big list of stocks. Each criteria is a filter that removes part of the bad companies. Every step makes the list of possible investments smaller. Only a few companies will make it through every single filter. Safal Niveshak beautifully visualized this: [Image - Safal Niveshak's screener visualisation; not transcribed.] Source: Safal Niveshak on X Let's build a stock screener together which helps you to find good companies. For years I've written about the companies I own. What I've never done is walk anyone through the process: the actual sequence I run every business through before a single dollar goes in. On Tuesday, September 29 I'm doing exactly that, live, for one hour. Free, and there's live Q&A at the end where I'll stay until the questions run out. Here's what you'll learn: The six things I check before I buy The order I check them in The three kinds of business I keep coming back to Why most professional fund managers don't beat the index they're paid to beat and what I do instead The mistake that cost me 60% on my very first stock You want to attend? It's free: Save your seat [Image - webinar promo; not transcribed.] Your Screening Criteria Here are the criteria we will use: [Table image - "Quality Criteria - Investment Filters" graphic, eight boxes: 1. 5-year Revenue CAGR >5% 2. Diluted 5-year EPS CAGR >7% 3. Gross Margin 5-yr Avg >40% 4. Net Margin 5-yr Avg >10% 5. FCF Margin 3-yr Avg >10% 6. CapEx / Revenue <5% 7. ROIC 3-yr Avg >15% 8. ROCE 3-yr Avg >20%] Let's first help you understand why each of these metrics is important. Revenue Growth (5-year Average > 5%) In the long term, revenue growth is the main driver for stock market returns. Why? Because without top-line growth, a company can't grow its earnings or free cash flow at an attractive rate in the long term. [Chart image - "Sales Growth Is the Key Driver of Long-Term Stock Performance. Sources of Total Shareholder Return for Top-Quartile Performers, S&P 500 (1990-2009)". Source line on chart: BCG Analysis, Morgan Stanley Research. 1 year: free cash flow 12% · multiple 46% · margin 13% · revenue growth 29% 3 years: FCF 11% · multiple 19% · margin 20% · revenue growth 50% 5 years: FCF 7% · multiple 15% · margin 20% · revenue growth 58% 10 years: FCF 6% · multiple 5% · margin 15% · revenue growth 74%] Source: Morgan Stanley Diluted EPS Growth (5-year Average > 7%) A company can grow its profits without making you richer. How? By issuing more shares. That's why we focus on diluted EPS. It measures earnings on a per-share basis and accounts for potential dilution from things like: Stock-based compensation Convertible bonds Etc. We want our share of the profits to grow, not just the company's total profits. [Image - meme: "Revenues" (a spinach field) cooks down to "Adjusted EBITDA" (a full pan), "EBITDA" (a few leaves) and "Net Income" (an empty pan).] Gross Margin (5-year Average > 40%) High gross margins are a good sign that the company has pricing power. It means people are willing to pay much more than it costs to make the product. [Image - Warren Buffett quote card: "The single most important decision in evaluating a business is pricing power."] Net Margin (5-year Average > 10%) The higher the profitability, the better. You want the Net Margin to be higher than 10%. A higher net margin helps companies to do well during tough times. And in the long term, stock prices follow the evolution of earnings growth: [Chart image - "Exhibit 119: S&P 500 Price Index vs. Earnings - S&P 500 prices have followed the path of earnings over time." Indexed log scale, 1945 = 100, S&P 500 trailing 12-month operating earnings vs the price index, 1945 to Q3 2024; both lines end in the ~10,000-30,000 range. Source: Investment Strategy Group, Bloomberg, S&P Global.] Free Cash Flow Margin (3-year Average > 10%) Earnings are an opinion. Cash flow is a fact. The Free Cash Flow Margin shows how much of each dollar in sales is translated into pure cash. We want this number to be higher than 10%. [Table image - "How to Analyze Free Cash Flow" by Compounding Quality: FCF = operating cash flow - CAPEX; uses of FCF (reinvest for organic growth, pay down debt, M&A, dividends, buybacks); FCF margin = FCF / sales ("Visa for example has a Free Cash Flow margin of 60.2%"); "Earnings are an opinion, cash is a fact"; FCF conversion = FCF / net earnings, "seek for companies with a FCF conversion of at least 85%"; FCF yield = FCF per share / stock price, "the higher this ratio, the cheaper the stock".] Low capital intensity (CAPEX / Revenue < 5%) You want to buy companies that don't need a lot of capital to run. Why? Heavy physical costs like factories or machinery can eat up all the profits. That's exactly why you want to own capital light businesses. They tend to outperform in the long term: [Chart image - "Exhibit 7: Capital-light businesses have significantly outperformed those that employ heavy capital. World equities. Indexed price performance in USD", 1990-2021: non-capital-intensive index from 100 to ~1,830; capital-intensive index from 100 to ~290.] Source: From Growth to Value on X Great capital allocation Capital allocation is the most important task of management. It's the decision management makes about what to do with the money it earns. In general, a company has 4 capital allocation options: Organic growth Strengthen the balance sheet M&A Return capital to shareholders (dividends and/or share buybacks) If you want to learn more, you can read this article. We use two criteria to screen for great capital allocators. 1. ROIC (3-year Average > 15%) ROIC measures how efficiently a company translates the capital it has raised (equity + debt) into operating profit. You want this number to be higher than 15%. Why? Because the ROIC has to be higher than the WACC (cost of capital). When this wouldn't be the case, a company is destroying shareholder value by reinvesting in itself. [Chart image - "Display 1: Companies with a high ROIC have outperformed over time": cumulative sector-relative share-price performance, MSCI Europe, 11/1999 to 3/2015 - highest-25% CROCI companies ~+120%, lowest-25% ~-48%. Source: Goldman Sachs Research Estimates, Quantum database, data as at March 31, 2015.] 2. ROCE (3-year Average > 20%) ROCE is a similar metric as ROIC. You want this number to be higher than 20%. The difference between ROIC and ROCE (and ROE)? You can find it here: [Table image - "ROIC / ROE / ROCE" by Compounding Quality: Definition - ROIC: measures a company's capital allocation taking into account all capital · ROE: calculates the efficiency at which the company allocates shareholder capital · ROCE: measures a company's capital allocation solely taking into account the active capital in circulation of the company. Formula - ROIC: NOPAT / Invested Capital · ROE: Net Income / Equity · ROCE: EBIT / Capital Employed. Difference - ROIC: takes into account all capital within the company · ROE: only takes the shareholders' equity into account · ROCE: looks at the active capital in circulation. Advantage - ROIC: best metric to look at a company's capital allocation · ROE: shows how much $ per year a company generates per $100 shareholders invest · ROCE: great metric to compare capital allocation across geographies and sectors. Disadvantage - ROIC: can be misleading when the company has a lot of cash and/or goodwill · ROE: can improve by using more leverage (more risk) as debt increases and equity decreases · ROCE: looks at the results before taxes.] The results Now let's put all these criteria into a screener on Fiscal.ai. A great thing about Fiscal? You can exclude countries. In our example, we excluded China. We also excluded industries like banks. China is way outside our circle of competence. And the banks are a very specialized industry that use different metrics than the ones we're looking at here. [Table image - Fiscal.ai screener settings: Countries: China - Exclude Countries ON. Industries: Banks - Exclude Industries ON. Exchanges (Exclude Exchanges OFF, i.e. included): NYSE, Toronto Stock Exchange (TSX), Australian Securities Exchange (ASX), London Stock Exchange (LSE), Euronext Paris (ENXTPA), Nasdaq Global Select (NasdaqGS), Nasdaq Global Market (NasdaqGM), Nasdaq Capital Market (NasdaqCM), OTC Bulletin Board (OTCBB), Pink Sheets LLC (OTCPK), Euronext Amsterdam (ENXTAM). Metrics: FCF Margin 3Yr Avg min 10% · ROIC 3Yr Avg min 15% · CapEx to Revenue max 0.05 · ROCE 3Yr Avg min 20% · Gross Margin 5Yr Avg min 40% · Revenue 5Y CAGR min 5% · Diluted EPS 5Y CAGR min 7% · Net Margin 5Yr Avg min 10%.] Source: Fiscal.ai Out of 50,000+ companies, this screen found fewer than 100 worth a closer look. Revenue Growth Here are some companies that have high revenue growth and match all criteria: Nvidia: +69.1% DLocal: +52.4% Arista Networks: +32.0% [Table image - results sorted by Revenue 5Y CAGR (columns: Ticker · Company · Market Cap ($m) · FCF Margin 3Yr Avg · ROIC 3Yr Avg · CapEx to Revenue · ROCE 3Yr Avg · Gross Margin 5Yr Avg · Revenue 5Y CAGR · Diluted EPS 5Y CAGR): NVDA NVIDIA Corporation $5,516,382.15 45.40% 128.40% 0 104.60% 68.30% 69.10% 95.10% DLO DLocal Limited $4,630.91 24.00% 84.30% 0 37.80% 43.60% 52.40% 30.10% KSPI Joint Stock Company Kaspi.kz $20,486.84 25.70% 21.20% 0 27.80% 85.50% 45.70% 27.90% PDD PDD Holdings Inc. $116,191.85 31.10% 76.60% 0 32.20% 64.40% 39.30% 95.10% LNTH Lantheus Holdings, Inc. $6,591.20 21.90% 26.20% 0 23.10% 59.50% 32.80% 59.00% HRMY Harmony Biosciences Holdings $2,437.78 34.30% 35.80% 0 24.10% 79.50% 32.50% 55.70% HALO Halozyme Therapeutics, Inc. $12,571.04 46.10% 35.30% 0 36.40% 72.90% 32.20% 16.60% ANET Arista Networks, Inc. $241,448.85 44.90% 51.50% 0 31.00% 62.90% 32.00% 40.70% BKNG Booking Holdings Inc. $146,616.88 34.10% 41.80% 0 77.40% 84.90% 31.50% 86.40%] EPS Growth Here are some companies that matched all criteria with that have high EPS growth: AppLovin: +98.3% PDD Holdings: +95.1% Exelixis: +61.2% [Table image - results sorted by Diluted EPS 5Y CAGR (same columns): IHG InterContinental Hotels Group PLC $23,487.35 16.20% 17.60% 0 41.80% 55.30% 23.90% 235.00% APP AppLovin Corporation $104,939.71 58.80% 75.40% 0 65.10% 73.10% 25.80% 98.30% NVDA NVIDIA Corporation $5,516,382.15 45.40% 128.40% 0 104.60% 68.30% 69.10% 95.10% PDD PDD Holdings Inc. $116,191.85 31.10% 76.60% 0 32.20% 64.40% 39.30% 95.10% BKNG Booking Holdings Inc. $146,616.88 34.10% 41.80% 0 77.40% 84.90% 31.50% 86.40% EXEL Exelixis, Inc. $14,651.33 28.80% 41.70% 0 33.70% 96.40% 16.10% 61.20% LNTH Lantheus Holdings, Inc. $6,591.20 21.90% 26.20% 0 23.10% 59.50% 32.80% 59.00% HRMY Harmony Biosciences Holdings $2,437.78 34.30% 35.80% 0 24.10% 79.50% 32.50% 55.70% IDCC InterDigital, Inc. $8,668.50 50.10% 29.60% 0 38.40% 84.70% 17.70% 55.50%] High ROIC Here are some companies from the screener with a high ROIC: Rightmove: 363.5% Games Workshop: 84.9% Deckers Outdoors: 76% [Table image - results sorted by ROIC 3Yr Avg (same columns): RMV Rightmove plc $5,033.94 55.10% 363.50% 0 346.40% 100.00% 11.00% 10.10% AEF Australian Ethical Investment Limited $344.79 21.10% 160.30% 0 93.80% 66.30% 17.10% 17.90% NVDA NVIDIA Corporation $5,516,382.15 45.40% 128.40% 0 104.60% 68.30% 69.10% 95.10% GTT Gaztransport & Technigaz SA $8,960.67 45.40% 86.80% 0 86.50% 96.10% 17.50% 22.70% GAW Games Workshop Group PLC $8,165.51 36.00% 84.90% 0 79.70% 70.80% 12.30% 10.90% DLO DLocal Limited $4,630.91 24.00% 84.30% 0 37.80% 43.60% 52.40% 30.10% PME Pro Medicus Limited $12,980.76 51.60% 78.40% 0 51.80% 99.70% 30.90% 53.80% PDD PDD Holdings Inc. $116,191.85 31.10% 76.60% 0 32.20% 64.40% 39.30% 95.10% DECK Deckers Outdoor Corporation $11,507.37 20.00% 76.00% 0 45.20% 54.40% 14.80% 22.50%] Download the Screener Results Want to see all the companies that passed our criteria? You can find them here: Download the Screener Results [Table image - screenshot of the downloadable results sheet, sorted by ROIC 3Yr Avg, first 36 rows visible (Ticker · Company · Market Cap ($m) · FCF Margin 3Yr Avg · ROIC 3Yr Avg · CapEx to Revenue · ROCE 3Yr Avg · Gross Margin 5Yr Avg · Revenue 5Y CAGR · Diluted EPS 5Y CAGR · Net Margin 5Yr Avg): RMV Rightmove plc $5,033.94 55.10% 363.50% 0 346.40% 100.00% 11.00% 10.10% 54.40% AEF Australian Ethical Investment Limited $344.79 21.10% 160.30% 0 93.80% 66.30% 17.10% 17.90% 13.80% NVDA NVIDIA Corporation $5,516,382.15 45.40% 128.40% 0 104.60% 68.30% 69.10% 95.10% 43.30% GTT Gaztransport & Technigaz SA $8,960.67 45.40% 86.80% 0 86.50% 96.10% 17.50% 22.70% 47.60% GAW Games Workshop Group PLC $8,165.51 36.00% 84.90% 0 79.70% 70.80% 12.30% 10.90% 30.10% DLO DLocal Limited $4,630.91 24.00% 84.30% 0 37.80% 43.60% 52.40% 30.10% 22.50% PME Pro Medicus Limited $12,980.76 51.60% 78.40% 0 51.80% 99.70% 30.90% 53.80% 58.50% PDD PDD Holdings Inc. $116,191.85 31.10% 76.60% 0 32.20% 64.40% 39.30% 95.10% 21.90% DECK Deckers Outdoor Corporation $11,507.37 20.00% 76.00% 0 45.20% 54.40% 14.80% 22.50% 16.70% APP AppLovin Corporation $104,939.71 58.80% 75.40% 0 65.10% 73.10% 25.80% 98.30% 24.60% LVE Love Group Global Ltd $2.77 16.20% 74.40% 0 71.10% 73.40% 6.80% 8.90% 10.20% UI Ubiquiti Inc. $36,072.49 21.60% 72.30% 0 95.60% 41.50% 11.50% 10.10% 23.80% OLY Olympia Financial Group Inc. $164.43 21.90% 64.00% 0 65.80% 95.40% 13.50% 20.90% 20.40% LUG Lundin Gold Inc. $17,823.21 50.20% 59.90% 0 70.20% 67.40% 24.90% 40.70% 27.70% DOCS Doximity, Inc. $4,830.47 44.00% 58.60% 0 22.50% 88.80% 21.90% 23.70% 34.60% NSSC Napco Security Technologies, Inc. $1,325.22 25.70% 53.80% 0 29.80% 49.70% 12.10% 23.40% 19.80% ANET Arista Networks, Inc. $241,448.85 44.90% 51.50% 0 31.00% 62.90% 32.00% 40.70% 35.20% DRR Deterra Royalties Limited $1,569.44 62.80% 50.30% 0 67.60% 96.10% 12.60% 13.50% 64.90% FICO Fair Isaac Corporation $24,166.24 36.40% 49.10% 0 72.90% 79.80% 12.00% 22.80% 30.10% REC Record plc $110.19 20.70% 48.60% 0 36.60% 99.40% 9.60% 7.00% 22.90% AUTO Autotrader Group plc $5,426.36 49.80% 47.90% 0 64.50% 81.40% 18.90% 20.90% 48.80% IRMD IRADIMED CORPORATION $1,107.23 19.80% 44.10% 0 26.80% 76.80% 19.60% 37.60% 25.20% RMS Hermes International SCA $180,289.49 28.10% 43.70% 0 34.50% 71.10% 14.70% 15.20% 29.40% VRSN VeriSign, Inc. $26,489.51 58.00% 43.30% 0 1687.80% 86.90% 5.80% 10.80% 52.40% KLAC KLA Corporation $225,954.20 31.20% 42.60% 0 42.90% 60.50% 14.40% 22.30% 32.80% LRCX Lam Research Corporation $366,211.60 28.10% 41.90% 0 41.70% 47.20% 9.70% 16.40% 27.30% BKNG Booking Holdings Inc. $146,616.88 34.10% 41.80% 0 77.40% 84.90% 31.50% 86.40% 18.70% EXEL Exelixis, Inc. $14,651.33 28.80% 41.70% 0 33.70% 96.40% 16.10% 61.20% 19.80% MA Mastercard Incorporated $513,087.78 49.30% 41.70% 0 61.70% 100.00% 16.10% 20.40% 45.40% MANH Manhattan Associates, Inc. $12,964.11 29.10% 41.00% 0 87.20% 54.70% 12.70% 17.80% 18.70% IDXX IDEXX Laboratories, Inc. $41,698.06 22.10% 40.20% 0 58.90% 60.30% 8.40% 11.10% 22.80% CGS Cogstate Limited $375.32 13.60% 40.00% 0 23.80% 56.40% 13.20% 17.30% 15.60% FSG Foresight Group Holdings Limited $705.60 31.60% 39.50% 0 41.50% 94.40% 19.00% 20.40% 22.30% RAVE Rave Restaurant Group, Inc. $43.35 24.20% 38.40% 0 23.10% 69.60% 10.00% 42.50% 30.20% YUM Yum! Brands, Inc. $41,628.33 19.10% 36.80% 0 50.80% 47.80% 6.80% 12.80% 21.00% AAPL Apple Inc. $4,789,955.82 26.50% 36.10% 0 66.60% 45.10% 6.10% 11.30% 25.70% LOPE Grand Canyon Education, Inc. $3,923.15 22.40% 36.00% 0 33.70% 53.80% 5.50% 7.50% 22.20%] Our 5 favorite ones Let's take a closer look at some of the most interesting companies on this list. These 5 companies could be worth a look. 5. ASML Holding ($ASML) How does the company make money? ASML builds very large, very complex machines that print computer chips. They're a monopoly as they're the only company on earth that knows how to build the most advanced version of these machines. [Image - company image; not transcribed.] Source: ASML Metrics: 5-year Revenue CAGR: +16.3% Diluted EPS 5Y CAGR: +19.1% Gross Margin 5-year Average: 51.7% ROIC 3-year Average: 24.7% Every modern smartphone, AI server, and computer relies on chips made by ASML's machines. As the demand for advanced chips grows, so will ASML's sales. [Chart image - Fiscal.ai "Revenue Growth", total revenues (annual, millions): Dec '17 8,962.7 · Dec '18 10,944 · Dec '19 11,820 · Dec '20 13,978.5 · Dec '21 18,611 · Dec '22 21,173.4 · Dec '23 27,558.5 · Dec '24 28,262.9 · Dec '25 32,667.3 · LTM 35,327.5 (total change 294.16%, CAGR 16.5%).] Source: Fiscal.ai 4. Fastenal (FAST) How does the company make money? Fastenal sells screws, tools, and safety gear to factories. They put their own vending machines full of supplies right inside other companies' buildings. [Image - company image; not transcribed.] Source: Fastenal Metrics: 5-year Revenue CAGR: +9.0% Diluted EPS 5Y CAGR: +9.3% Gross Margin 5-year Average: 45.6% ROIC 3-year Average: 30.3% Fastenal sells in a clever way. They put vending machines stocked with their products right inside their customers' factories. That makes Fastenal incredibly convenient, and difficult to replace. The result is a slow, boring, highly profitable compounder. [Chart image - Fiscal.ai "Revenue and EPS": total revenues (annual, millions) Dec '17 4,390.5 · Dec '18 4,965.1 · Dec '19 5,333.7 · Dec '20 5,647.3 · Dec '21 6,010.9 · Dec '22 6,980.6 · Dec '23 7,346.7 · Dec '24 7,546 · Dec '25 8,200.5 · LTM 8,749.3 (total change 99.28%, CAGR 8.0%); diluted EPS 0.5 · 0.66 · 0.69 · 0.75 · 0.8 · 0.95 · 1.01 · 1.0 · 1.09 · 1.18 (total change 136.00%, CAGR 10.0%).] Source: Fiscal.ai 3. MSCI Inc. (MSCI) How does the company make money? MSCI owns many of the most popular indices that big investors use to track the market. They make money by charging mutual funds and big banks a fee to use their lists and data. [Image - MSCI investor-relations image; not transcribed.] Source: MSCI Investor Relations Metrics: 5-year Revenue CAGR: +12.6% Diluted EPS 5Y CAGR: +16.9% Gross Margin 5-year Average: 82.3% ROIC 3-year Average: 26.30% Trillions of dollars are legally tied to MSCI's indexes. Changing a fund's benchmark index is a huge, costly legal headache. This gives MSCI a lot of pricing power and it locks in clients for life. [Chart image - Fiscal.ai "AUM in MSCI-linked Indexes", AUM in ETFs linked to MSCI equity indexes (annual, millions): Dec '17 744,300 · Dec '18 695,600 · Dec '19 934,400 · Dec '20 1,103,600 · Dec '21 1,451,600 · Dec '22 1,222,900 · Dec '23 1,468,900 · Dec '24 1,724,700 · Dec '25 2,340,700 · LTM 2,818,300 (total change 278.65%, CAGR 15.9%).] Source: Fiscal.ai 2. Hermès (RMS) How does the company make money? They make ultra-luxury leather bags, silk ties, and clothes. They limit production, keeping their items very rare. It means wealthy shoppers happily pay huge prices to get one. [Image - company image; not transcribed.] Source: Hermes Metrics: 5-year Revenue CAGR: +14.7% Diluted EPS 5Y CAGR: +15.2% Gross Margin 5-year Average: 71.1% ROIC 3-year Average: 43.7% Hermès has a very strong brand and heritage. Their bags are made by hand. Production is strictly limited. They never have to put items on sale. That keeps their profits high and stable in almost any economy. [Chart image - Fiscal.ai "Gross and Net Margins": gross profit margin Dec '17 70.1% · '18 70% · '19 69.1% · '20 68.5% · '21 71.3% · '22 70.8% · '23 72.3% · '24 70.3% · '25 71.1% · LTM 71.3%; net profit margin 22.1% · 23.6% · 22.3% · 21.8% · 27.3% · 29.1% · 32.2% · 30.5% · 28.5% · LTM 28.1%.] Source: Fiscal.ai 1. Mastercard (MA) How does the company make money? Mastercard owns a digital payment network and charges a tiny fee every single time you swipe your card at a store. [Image - not transcribed.] Source: emprendimientovirtual Metrics: 5-year Revenue CAGR: +16.1% Diluted EPS 5Y CAGR: +20.4% Gross Margin 5-year Average: 100.0% ROIC 3-year Average: 41.7% Mastercard is in a duopoly with Visa. They both act as digital tollbooths on global spending. Their network effects make them very hard to disrupt. They're also very profitable because it costs them almost nothing to process an extra payment. This means new revenue turns straight into pure profit. [Chart image - Fiscal.ai "Mastercard Transaction Volume", total transaction volume (annual, millions): Dec '17 5,223,000 · Dec '18 5,893,000 · Dec '19 6,455,000 · Dec '20 6,333,000 · Dec '21 7,726,000 · Dec '22 8,185,000 · Dec '23 9,022,000 · Dec '24 9,785,000 · Dec '25 10,645,000 · LTM 11,166,000 (total change 113.79%, CAGR 8.8%).] Source: Fiscal.ai That's It For Today! A good stock screener can save you hours of work. It quickly filters out thousands of stocks, leaving you with only the highest-quality companies. Here are 5 interesting companies that made the cut today: ASML Holding (ASML): A global monopoly building the complex machines required to make advanced computer chips. Fastenal (FAST): A slow, reliable compounder that embeds its supply machines right inside the customer's factory. MSCI Inc. (MSCI): An essential market index provider that legally locks in trillions of investment dollars. Hermès (RMS.PA): An ultra-luxury brand with strict production limits that create massive pricing power. Mastercard (MA): A highly profitable digital tollbooth on global spending with unbeatable network effects. Everything In Life Compounds Team Compounding Quality Book Order your copy of The Art of Quality Investing here Used sources Interactive Brokers: Portfolio data and executing all transactions Fiscal.ai: Financial data Disclaimer As a reader of Compounding Quality, you agree with our disclaimer. You can read the full disclaimer here.