护城河名单
入选只看生意类型（不看财务）；每周六体检一次。体检档 A/B/C 来自毛利率水平与波动、ROIC、营收连续性、现金转化、股本趋势、经营利润率。 提醒 = A 档且估值低于自身历史 20 分位，或同时满足错杀条件。
2026-11-13 · 733 家 · A 173 / B 218 / C 331 / 数据不足 11 · 提醒 52
| 档 | 公司 | 细分 / 护城河 | 市值 | 毛利 | ROIC | P/E | 估值分位 | 距高点 | 标签 | 分 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | ADBEAdobe Inc. 创意软件事实标准，工作流绑定 | 高转换成本软件非消费护城河 | $94.6B | 89% | 37% | 13.6 | 8 | -32% | 估值低位 | 100 | |
| A | ADSKAutodesk, Inc. CAD设计标准，工程师迁移成本极高 | 高转换成本软件非消费护城河 | $55.3B | 91% | 21% | 34.2 | 19 | -15% | 估值低位 | 100 | |
| A | DECKDeckers Outdoor Corporation own_brand_product | 服装鞋履消费品牌 | $11.6B | 58% | 34% | 12.3 | 12 | -28% | 估值低位 | 97 | |
| A | EXPEExpedia Group, Inc. platform | 旅行消费品牌 | $29.2B | 90% | 26% | 16.1 | 4 | -24% | 估值低位 | 97 | |
| A | RDDTReddit, Inc. 社区内容与用户网络效应 | 网络效应非消费护城河 | $19.0B | 91% | 25% | 22.9 | 11 | -62% | 估值低位错杀盈利激增 | 97 | |
| A | FICOFair Isaac Corporation FICO评分是信贷行业事实标准，难以替代 | 交易所/数据/评级非消费护城河 | $15.4B | 83% | 64% | 20.8 | 12 | -61% | 估值低位 | 96 | |
| A | MCOMoody's Corporation 信用评级双寡头，监管与标准地位 | 交易所/数据/评级非消费护城河 | $87.6B | 69% | 21% | 32.2 | 20 | -6% | 估值低位 | 96 | |
| A | TDGTransDigm Group Incorporated 独家航空零部件与售后市场垄断 | 知识产权/标准非消费护城河 | $66.5B | 59% | 16% | 36.9 | 16 | -16% | 估值低位 | 95 | |
| A | BKNGBooking Holdings Inc. platform | 旅行消费品牌 | $118.7B | 95% | 51% | 17.7 | 8 | -27% | 估值低位 | 92 | |
| A | DPZDomino's Pizza, Inc. own_brand_service | 餐饮消费品牌 | $11.2B | 40% | 62% | 18.8 | 19 | -22% | 估值低位 | 92 | |
| A | MCDMcDonald's Corporation own_brand_service | 餐饮消费品牌 | $192.0B | 57% | 17% | 22.1 | 16 | -20% | 估值低位 | 90 | |
| A | INTUIntuit Inc. QuickBooks嵌入小企业财务税务，迁移成本高 | 高转换成本软件非消费护城河 | $91.3B | 79% | 17% | 20.7 | 19 | -50% | 估值低位 | 88 | |
| A | LULULululemon Athletica Inc. own_brand_product | 服装鞋履消费品牌 | $12.2B | 58% | 20% | 8.7 | 7 | -51% | 估值低位 | 88 | |
| A | WINAWinmark Corporation own_brand_service | 零售消费品牌 | $1.00B | 95% | 223% | 24.2 | 4 | -44% | 估值低位 | 88 | |
| A | NFLXNetflix, Inc. content_ip | 视频娱乐消费品牌 | $255.2B | 48% | 25% | 19.5 | 8 | -46% | 估值低位错杀 | 86 | |
| A | CDNSCadence Design Systems, Inc. EDA工具嵌入芯片设计，转换成本极高 | 高转换成本软件非消费护城河 | $88.6B | 86% | 12% | 64.2 | 4 | -22% | 估值低位 | 85 | |
| A | TJXThe TJX Companies, Inc. retail_channel | 零售消费品牌 | $147.8B | 31% | 22% | 24.8 | 7 | -20% | 估值低位 | 84 | |
| A | ULSUL Solutions Inc. UL安全认证标志为事实标准，监管认可难替代 | 知识产权/标准非消费护城河 | $16.2B | 49% | 18% | 32.5 | 16 | -23% | 估值低位 | 84 | |
| A | AXPAmerican Express Company 闭环支付网络与商户受理网络效应 | 支付网络非消费护城河 | $215.0B | 83% | 8% | 19.4 | 20 | -17% | 估值低位 | 83 | |
| A | GOOGLAlphabet Inc. 搜索与YouTube用户网络及广告双边效应 | 网络效应非消费护城河 | $3599.5B | 59% | 22% | 14.9 | 8 | -27% | 估值低位 | 83 | |
| A | HWMHowmet Aerospace Inc. 航空发动机关键件认证壁垒高 | 知识产权/标准非消费护城河 | $87.8B | 31% | 20% | 47.6 | 20 | -25% | 估值低位 | 82 | |
| A | QCOMQUALCOMM Incorporated 3G/4G/5G标准必要专利授权 | 知识产权/标准非消费护城河 | $184.5B | 55% | 20% | 13.6 | 4 | -31% | 估值低位盈利激增 | 82 | |
| A | WDAYWorkday, Inc. HCM与财务系统嵌入核心流程，替换成本高 | 高转换成本软件非消费护城河 | $47.3B | 76% | 11% | 39.8 | 11 | -16% | 估值低位盈利激增 | 82 | |
| A | ONONOn Holding AG own_brand_product | 服装鞋履消费品牌 | $11.1B | 63% | 15% | 28.3 | 12 | -34% | 估值低位盈利激增 | 81 | |
| A | BBWBuild-A-Bear Workshop, Inc. own_brand_product | 零售消费品牌 | $0.40B | 56% | 19% | 7.3 | 19 | -59% | 估值低位 | 80 | |
| A | CHWYChewy, Inc. retail_channel | 宠物消费品牌 | $9.10B | 29% | 16% | 34.1 | 17 | -36% | 估值低位 | 80 | |
| A | CRMSalesforce, Inc. 客户数据与流程嵌入，替换成本高 | 高转换成本软件非消费护城河 | $179.3B | 77% | 9% | 19.9 | 7 | -18% | 估值低位 | 80 | |
| A | RAVERAVE Restaurant Group, Inc. own_brand_service | 餐饮消费品牌 | $0.00B | 75% | 14% | 10.1 | 4 | -40% | 估值低位错杀 | 80 | |
| A | SPOTSpotify Technology S.A. platform | 视频娱乐消费品牌 | $125.9B | 31% | 23% | 44.6 | 20 | -5% | 估值低位盈利激增 | 80 | |
| A | NVDANVIDIA Corporation CUDA生态成事实标准，软硬件锁定难绕开 | 知识产权/标准非消费护城河 | $3924.7B | 74% | 60% | 20.6 | 4 | -32% | 估值低位错杀盈利激增 | 79 | |
| A | GOOGAlphabet Inc. 搜索与YouTube用户网络及广告双边效应 | 网络效应非消费护城河 | $3594.5B | 59% | 15% | 14.7 | 8 | -27% | 估值低位 | 78 | |
| A | BBWIBath & Body Works, Inc. own_brand_product | 美妆个护消费品牌 | $4.30B | 44% | 25% | 5.7 | 15 | -13% | 估值低位 | 77 | |
| A | BOOTBoot Barn Holdings, Inc. retail_channel | 服装鞋履消费品牌 | $4.10B | 38% | 11% | 16.7 | 8 | -34% | 估值低位 | 77 | |
| A | CQPCheniere Energy Partners, L.P. LNG出口终端许可与规模，复制困难 | 特许经营/规模非消费护城河 | $29.9B | 46% | 22% | 10.3 | 8 | -13% | 估值低位 | 77 | |
| A | PEPPepsiCo, Inc. own_brand_product | 饮料消费品牌 | $198.2B | 54% | 13% | 18.3 | 12 | -15% | 估值低位 | 77 | |
| A | RRRRed Rock Resorts, Inc. own_brand_service | 游戏博彩消费品牌 | $2.90B | 58% | 12% | 17.3 | 4 | -27% | 估值低位 | 77 | |
| A | YUMYum! Brands, Inc. own_brand_service | 餐饮消费品牌 | $43.3B | 46% | 38% | 20.3 | 16 | -4% | 估值低位盈利激增 | 77 | |
| A | LTMLATAM Airlines Group S.A. own_brand_service | 旅行消费品牌 | $13.6B | 26% | 20% | 9.1 | 8 | -31% | 估值低位 | 76 | |
| A | SGHCSuper Group (SGHC) Limited platform | 游戏博彩消费品牌 | $5.90B | 44% | 30% | 15.9 | 12 | -25% | 估值低位 | 76 | |
| A | ELAEnvela Corporation retail_channel | 零售消费品牌 | $0.30B | 24% | 21% | 12.1 | — | -64% | 错杀盈利激增 | 74 | |
| A | EQIXEquinix, Inc. 数据中心互联生态形成网络效应 | 网络效应非消费护城河 | $104.3B | 50% | 4% | 67.9 | 16 | -6% | 估值低位 | 74 | |
| A | LVSLas Vegas Sands Corp. own_brand_service | 休闲消费品牌 | $25.3B | 50% | 17% | 15.7 | 12 | -42% | 估值低位错杀 | 73 | |
| A | NOWServiceNow, Inc. 企业工作流平台深度嵌入核心流程，迁移成本高 | 高转换成本软件非消费护城河 | $106.1B | 77% | 6% | 63.9 | 16 | -41% | 估值低位 | 73 | |
| A | SFMSprouts Farmers Market, Inc. retail_channel | 零售消费品牌 | $4.80B | 38% | 13% | 10.0 | 8 | -42% | 估值低位错杀 | 73 | |
| A | SHCSotera Health Company 医疗器械灭菌外包，许可与规模壁垒高 | 特许经营/规模非消费护城河 | $4.70B | 55% | 9% | 29.0 | 4 | -15% | 估值低位盈利激增 | 72 | |
| A | TRUTransUnion 征信数据寡头，监管准入与数据网络形成壁垒 | 交易所/数据/评级非消费护城河 | $15.5B | 57% | 10% | 21.4 | 20 | -8% | 估值低位 | 72 | |
| A | AMTAmerican Tower Corporation 全球通信铁塔规模与租约壁垒 | 特许经营/规模非消费护城河 | $88.9B | 73% | 7% | 26.4 | 16 | -2% | 估值低位 | 70 | |
| A | AMZNAmazon.com, Inc. retail_channel | 零售消费品牌 | $2883.4B | 50% | 8% | 21.5 | 16 | -6% | 估值低位 | 70 | |
| A | CSGPCoStar Group, Inc. 商业地产数据与平台，数据壁垒高 | 交易所/数据/评级非消费护城河 | $12.5B | 78% | 2% | 168.6 | 16 | -55% | 估值低位盈利激增 | 70 | |
| A | DOXAmdocs Limited 电信计费运营软件转换成本高 | 高转换成本软件非消费护城河 | $4.80B | 37% | 13% | 10.7 | 8 | -47% | 估值低位错杀 | 70 | |
| B | BWXTBWX Technologies, Inc. 海军核动力部件独家资质，许可壁垒极高 | 特许经营/规模非消费护城河 | $11.3B | 24% | 8% | 31.7 | 4 | -48% | 错杀 | 64 | |
| B | MOMOHello Group Inc. platform | 视频娱乐消费品牌 | $0.60B | 39% | 5% | 0.7 | — | -37% | 错杀 | 53 | |
| A | ASMLASML Holding N.V. EUV光刻垄断，芯片制造难以绕开 | 知识产权/标准非消费护城河 | $580.6B | 53% | 36% | 54.3 | 64 | -25% | 100 | ||
| A | IDXXIDEXX Laboratories, Inc. 兽医诊断仪器耗材与软件绑定，转换成本高 | 高转换成本软件非消费护城河 | $55.5B | 62% | 40% | 49.9 | 72 | -8% | 100 | ||
| A | MSCIMSCI Inc. 全球指数与基准，标准地位难替代 | 交易所/数据/评级非消费护城河 | $47.1B | 82% | 36% | 36.3 | 32 | -2% | 100 | ||
| A | VVisa Inc. VisaNet全球支付清算网络效应强 | 支付网络非消费护城河 | $794.4B | 80% | 31% | 36.2 | 92 | -3% | 100 | ||
| A | APPFAppFolio, Inc. 物业管理系统嵌入核心流程，转换成本高 | 高转换成本软件非消费护城河 | $8.00B | 63% | 27% | 51.2 | 84 | -10% | 97 | ||
| A | LLYEli Lilly and Company 专利保护创新药，主业收入来源 | 知识产权/标准非消费护城河 | $1358.0B | 83% | 31% | 48.4 | 44 | 0% | 97 | ||
| A | MANHManhattan Associates, Inc. 供应链软件嵌入仓储核心流程，替换成本高 | 高转换成本软件非消费护城河 | $14.9B | 55% | 76% | 73.7 | 92 | -1% | 97 | ||
| A | MSFTMicrosoft Corporation 企业软件生态嵌入，替换成本高 | 高转换成本软件非消费护城河 | $3890.4B | 69% | 20% | 29.2 | 40 | -6% | 97 | ||
| A | RELXRELX Plc 专有数据与标准嵌入专业决策，难替代 | 交易所/数据/评级非消费护城河 | $70.3B | 62% | 22% | — | — | -6% | 96 | ||
| A | VRSKVerisk Analytics, Inc. 保险承保数据与行业标准，客户依赖度高 | 交易所/数据/评级非消费护城河 | $26.7B | 69% | 34% | 31.9 | 36 | -8% | 96 | ||
| A | MAMastercard Incorporated 全球支付清算网络，双边网络效应 | 支付网络非消费护城河 | $576.0B | 100% | 52% | 36.4 | 48 | -2% | 95 | ||
| A | RACEFerrari N.V. own_brand_product | 奢侈品消费品牌 | $72.0B | 51% | 19% | 44.5 | 48 | -6% | 95 | ||
| A | NVONovo Nordisk A/S GLP-1专利与品牌主导糖尿病肥胖药市场 | 知识产权/标准非消费护城河 | $183.5B | 82% | 30% | 1.6 | — | -35% | 93 | ||
| A | PMPhilip Morris International Inc. own_brand_product | 烟草大麻消费品牌 | $310.1B | 66% | 26% | 28.6 | 56 | -6% | 93 | ||
| A | CLColgate-Palmolive Company own_brand_product | 美妆个护消费品牌 | $79.2B | 60% | 30% | 39.5 | 100 | 0% | 92 | ||
| A | EBAYeBay Inc. platform | 零售消费品牌 | $53.1B | 72% | 16% | 25.0 | 88 | -3% | 92 | ||
| A | KLACKLA Corporation 半导体过程控制设备专利与高转换成本，寡头地位 | 知识产权/标准非消费护城河 | $198.5B | 61% | 38% | 41.6 | 60 | -50% | 92 | ||
| A | METAMeta Platforms, Inc. Depositary Shares representing a 1/20th Interest in a Share of Series A Mandatory Convertible Preferred Stock 社交网络用户越多价值越大 | 网络效应非消费护城河 | $1640.7B | 82% | 18% | 24.2 | 36 | -18% | 92 | ||
| A | MNSTMonster Beverage Corporation own_brand_product | 饮料消费品牌 | $90.9B | 55% | 22% | 42.6 | 76 | -7% | 92 | ||
| A | PGThe Procter & Gamble Company own_brand_product | 美妆个护消费品牌 | $393.6B | 51% | 16% | 25.6 | 72 | 0% | 92 | ||
| A | WINGWingstop Inc. own_brand_service | 餐饮消费品牌 | $4.30B | 62% | 25% | 37.3 | 32 | -44% | 92 | ||
| A | DOCSDoximity, Inc. 医生职业网络，规模效应与黏性 | 网络效应非消费护城河 | $5.90B | 89% | 15% | 39.2 | 48 | -35% | 91 | ||
| A | ABNBAirbnb, Inc. platform | 旅行消费品牌 | $111.5B | 80% | 22% | 42.6 | 88 | -2% | 89 | ||
| A | ASRGrupo Aeroportuario del Sureste, S. A. B. de C. V. own_brand_service | 旅行消费品牌 | $8.10B | 61% | 323% | 0.8 | — | -29% | 89 | ||
| A | CARTInstacart (Maplebear Inc.) platform | 零售消费品牌 | $13.9B | 74% | 18% | 32.2 | 100 | -3% | 89 | ||
| A | CTASCintas Corporation 制服租赁路线密度与续约粘性 | 特许经营/规模非消费护城河 | $89.8B | 50% | 23% | 44.6 | 54 | -1% | 89 | ||
| A | ULTAUlta Beauty, Inc. retail_channel | 美妆个护消费品牌 | $28.2B | 39% | 23% | 24.1 | 93 | -7% | 89 | ||
| A | ADPAutomatic Data Processing, Inc. 薪酬合规嵌入企业流程，迁移成本极高 | 高转换成本软件非消费护城河 | $122.3B | 50% | 24% | 28.3 | 56 | 0% | 88 | ||
| A | BSYBentley Systems, Incorporated 基础设施设计软件深度嵌入工程流程 | 高转换成本软件非消费护城河 | $12.9B | 81% | 13% | 49.3 | 60 | -2% | 88 | ||
| A | CHKPCheck Point Software Technologies Ltd. 企业安全软件嵌入网络，替换成本高 | 高转换成本软件非消费护城河 | $15.0B | 87% | 14% | 15.1 | 32 | -27% | 88 | ||
| A | ISRGIntuitive Surgical, Inc. 手术机器人事实标准与专利生态 | 知识产权/标准非消费护城河 | $153.8B | 67% | 14% | 50.5 | 24 | -25% | 88 | ||
| A | RLRalph Lauren Corporation own_brand_product | 服装鞋履消费品牌 | $23.0B | 70% | 20% | 22.2 | 24 | -7% | 88 | ||
| A | SAPSAP SE ERP嵌入核心流程，替换代价极高 | 高转换成本软件非消费护城河 | $273.7B | 73% | 13% | 34.5 | 40 | -7% | 88 | ||
| A | VEEVVeeva Systems Inc. 生命科学云软件嵌入合规核心流程 | 高转换成本软件非消费护城河 | $48.8B | 75% | 10% | 49.6 | 41 | -7% | 88 | ||
| A | OTISOtis Worldwide Corporation 电梯装机基础与全球维保网络带来高粘性服务收入 | 特许经营/规模非消费护城河 | $29.5B | 30% | 40% | 19.9 | 28 | -17% | 87 | ||
| A | JKHYJack Henry & Associates, Inc. 银行核心系统嵌入深，替换成本高 | 高转换成本软件非消费护城河 | $12.4B | 43% | 19% | 25.5 | 48 | -8% | 86 | ||
| A | MOAltria Group, Inc. own_brand_product | 烟草大麻消费品牌 | $130.8B | 71% | 37% | 16.6 | 92 | 0% | 86 | ||
| A | YOUClear Secure, Inc. own_brand_service | 旅行消费品牌 | $5.70B | 65% | 41% | 38.7 | 76 | -8% | 86 | ||
| A | ANFAbercrombie & Fitch Co. own_brand_product | 服装鞋履消费品牌 | $6.30B | 64% | 19% | 12.7 | 78 | -13% | 85 | ||
| A | JNJJohnson & Johnson 专利药与医疗器械专利组合，研发品牌壁垒强 | 知识产权/标准非消费护城河 | $687.9B | 69% | 14% | 43.3 | 100 | 0% | 85 | ||
| A | KOThe Coca-Cola Company own_brand_product | 饮料消费品牌 | $427.0B | 61% | 13% | 29.8 | 100 | 0% | 85 | ||
| A | MCKMcKesson Corporation 药品分销寡头，规模与牌照壁垒 | 特许经营/规模非消费护城河 | $127.3B | 4% | 24% | 29.5 | 72 | 0% | 85 | ||
| A | NVSNovartis AG 创新药专利保护，免疫神经等领域品牌壁垒 | 知识产权/标准非消费护城河 | $303.1B | 75% | 16% | 24.2 | 96 | -5% | 85 | ||
| A | NYTThe New York Times Company content_ip | 视频娱乐消费品牌 | $11.6B | 50% | 16% | 30.3 | 44 | -15% | 85 | ||
| A | PDDPDD Holdings Inc. platform | 零售消费品牌 | $112.4B | 59% | 19% | 1.3 | — | -42% | 85 | ||
| A | YETIYETI Holdings, Inc. own_brand_product | 休闲消费品牌 | $2.90B | 59% | 16% | 17.2 | 39 | -25% | 85 | ||
| A | ATATAtour Lifestyle Holdings Limited own_brand_service | 酒店消费品牌 | $5.30B | 41% | 25% | 2.7 | — | -11% | 84 | ||
| A | HASHasbro, Inc. own_brand_product | 休闲消费品牌 | $16.9B | 67% | 22% | 18.0 | — | -3% | 84 | ||
| A | IHGInterContinental Hotels Group PLC own_brand_service | 酒店消费品牌 | $26.2B | 46% | 27% | — | — | -1% | 84 | ||
| A | IPARInter Parfums, Inc. own_brand_product | 美妆个护消费品牌 | $4.30B | 64% | 16% | 25.5 | 100 | -2% | 84 | ||
| A | CPRTCopart, Inc. 残值车拍卖双边网络，流动性与规模壁垒 | 网络效应非消费护城河 | $29.5B | 45% | 14% | 20.5 | 26 | -24% | 83 | ||
| A | NTESNetEase, Inc. content_ip | 游戏博彩消费品牌 | $77.8B | 64% | 17% | 2.4 | — | -17% | 83 | ||
| A | SPGIS&P Global Inc. 信用评级与指数基准，标准地位难替代 | 交易所/数据/评级非消费护城河 | $137.3B | 70% | 9% | 28.8 | 28 | -13% | 83 | ||
| A | WSMWilliams-Sonoma, Inc. retail_channel | 零售消费品牌 | $29.9B | 46% | 29% | 26.0 | 96 | -6% | 83 | ||
| A | ABEVAmbev S.A. own_brand_product | 饮料消费品牌 | $43.2B | 52% | 18% | 2.7 | — | -20% | 82 | ||
| A | CSCOCisco Systems, Inc. 企业网络嵌入深，认证与替换成本高 | 高转换成本软件非消费护城河 | $376.5B | 65% | 12% | 28.7 | 59 | -26% | 82 | ||
| A | COCOThe Vita Coco Company, Inc. own_brand_product | 饮料消费品牌 | $3.60B | 39% | 23% | 34.8 | 28 | -25% | 81 | ||
| A | HDThe Home Depot, Inc. retail_channel | 零售消费品牌 | $347.9B | 33% | 19% | 24.4 | 41 | -11% | 81 | ||
| A | MSGMMotorsport Games Inc. content_ip | 游戏博彩消费品牌 | $0.00B | 74% | 18% | 9.3 | 58 | -30% | 盈利激增 | 81 | |
| A | PTCPTC Inc. CAD和PLM嵌入研发流程，替换成本高 | 高转换成本软件非消费护城河 | $21.3B | 82% | 17% | 18.9 | 28 | -0% | 81 | ||
| A | TPRTapestry, Inc. own_brand_product | 奢侈品消费品牌 | $26.0B | 76% | 11% | 17.1 | — | -20% | 盈利激增 | 81 | |
| A | VIKViking Holdings Ltd own_brand_service | 旅行消费品牌 | $40.1B | 36% | 21% | 29.8 | 26 | -17% | 81 | ||
| A | EFXEquifax Inc. 信用数据与评分具监管标准地位，三巨头寡头 | 交易所/数据/评级非消费护城河 | $22.0B | 56% | 9% | 33.1 | 28 | -17% | 80 | ||
| A | SBACSBA Communications Corporation 多租户铁塔长租约，迁移成本高 | 特许经营/规模非消费护城河 | $19.8B | 72% | 12% | 20.4 | 24 | -15% | 80 | ||
| A | TWTradeweb Markets Inc. 机构交易电子市场，流动性网络效应显著 | 网络效应非消费护城河 | $28.4B | 70% | 11% | 31.8 | 36 | 0% | 80 | ||
| A | VRSNVeriSign, Inc. .com与.net注册局独家地位，标准基础设施 | 交易所/数据/评级非消费护城河 | $28.1B | 88% | -619% | 34.0 | 92 | -2% | 80 | ||
| A | CMGChipotle Mexican Grill, Inc. own_brand_service | 餐饮消费品牌 | $44.6B | 25% | 17% | 32.4 | 36 | -14% | 79 | ||
| A | MCRIMonarch Casino & Resort, Inc. own_brand_service | 休闲消费品牌 | $2.00B | 49% | 18% | 17.7 | 52 | -17% | 79 | ||
| A | ROSTRoss Stores, Inc. retail_channel | 零售消费品牌 | $74.3B | 29% | 17% | 28.0 | 63 | -9% | 79 | ||
| A | BLKBBlackbaud, Inc. 非营利组织募捐与财务系统深度嵌入 | 高转换成本软件非消费护城河 | $2.40B | 58% | 16% | 16.9 | 69 | -16% | 78 | ||
| A | CROXCrocs, Inc. own_brand_product | 服装鞋履消费品牌 | $7.50B | 59% | 20% | 14.2 | 68 | 0% | 盈利激增 | 78 | |
| A | LEVILevi Strauss & Co. own_brand_product | 服装鞋履消费品牌 | $9.30B | 61% | 11% | 16.2 | 54 | -5% | 78 | ||
| A | LINLinde plc 工业气体本地密度与长期合同 | 特许经营/规模非消费护城河 | $241.5B | 37% | 9% | 34.0 | 68 | -4% | 78 | ||
| A | MARMarriott International, Inc. own_brand_service | 酒店消费品牌 | $109.0B | 21% | 19% | 44.2 | 100 | -1% | 78 | ||
| A | OLEDUniversal Display Corporation 拥有大量OLED专利和专有材料，专利授权模式护城河强 | 知识产权/标准非消费护城河 | $4.00B | 76% | 10% | 21.6 | 40 | -32% | 78 | ||
| A | AKO-BEmbotelladora Andina S.A. 可口可乐区域独家装瓶权与分销规模 | 特许经营/规模非消费护城河 | $2.20B | 39% | 11% | 0.0 | — | -15% | 盈利激增 | 77 | |
| A | ARMArm Holdings plc American Depositary Shares CPU架构授权成移动事实标准，难以替代 | 知识产权/标准非消费护城河 | $203.9B | 95% | 7% | 196.4 | 40 | -57% | 77 | ||
| A | COSTCostco Wholesale Corporation retail_channel | 零售消费品牌 | $490.2B | 13% | 19% | 53.3 | 54 | 0% | 77 | ||
| A | ETSYEtsy, Inc. platform | 零售消费品牌 | $7.70B | 72% | 16% | 48.6 | — | -8% | 盈利激增 | 77 | |
| A | LNGCheniere Energy, Inc. 大型LNG出口终端，许可与资本壁垒高 | 特许经营/规模非消费护城河 | $63.0B | 27% | 18% | 23.0 | 84 | -7% | 77 | ||
| A | OLLIOllie's Bargain Outlet Holdings, Inc. retail_channel | 零售消费品牌 | $5.60B | 40% | 10% | 21.2 | 26 | -26% | 77 | ||
| A | SBHSally Beauty Holdings, Inc. retail_channel | 美妆个护消费品牌 | $1.70B | 51% | 13% | 9.9 | 100 | -8% | 77 | ||
| A | BIRKBirkenstock Holding plc own_brand_product | 服装鞋履消费品牌 | $6.50B | 58% | 8% | 19.7 | 21 | -26% | 76 | ||
| A | LOWLowe's Companies, Inc. retail_channel | 零售消费品牌 | $127.8B | 33% | 20% | 19.3 | 44 | -21% | 76 | ||
| A | BKEThe Buckle, Inc. retail_channel | 服装鞋履消费品牌 | $2.20B | 49% | 22% | 10.0 | 26 | -24% | 75 | ||
| A | CPCanadian Pacific Kansas City Ltd. 跨国铁路路网不可复制，规模壁垒 | 特许经营/规模非消费护城河 | $81.9B | 57% | 5% | 21.9 | 100 | -3% | 75 | ||
| A | DISThe Walt Disney Company content_ip | 视频娱乐消费品牌 | $205.4B | 37% | 8% | 24.5 | 64 | -1% | 75 | ||
| A | ODCOil-Dri Corporation of America own_brand_product | 宠物消费品牌 | $1.00B | 28% | 17% | 18.3 | 74 | -32% | 75 | ||
| A | OMABGrupo Aeroportuario del Centro Norte, S.A.B. de C.V. own_brand_service | 旅行消费品牌 | $5.30B | 67% | 13% | 1.0 | — | -19% | 75 | ||
| A | RCLRoyal Caribbean Cruises Ltd. own_brand_service | 旅行消费品牌 | $86.5B | 47% | 15% | 20.0 | 52 | -7% | 75 | ||
| A | SSNCSS&C Technologies Holdings, Inc. 金融后台软件嵌入核心流程，替换成本高 | 高转换成本软件非消费护城河 | $18.7B | 49% | 8% | 22.8 | 24 | -11% | 75 | ||
| A | BJBJ's Wholesale Club Holdings, Inc. retail_channel | 零售消费品牌 | $13.9B | 18% | 12% | 24.1 | 74 | -1% | 73 | ||
| A | GWREGuidewire Software, Inc. 财险核心系统嵌入深，替换代价高 | 高转换成本软件非消费护城河 | $13.1B | 62% | 7% | 96.5 | 33 | -29% | 盈利激增 | 73 | |
| A | NINiSource Inc. 受监管公用事业专营区壁垒 | 特许经营/规模非消费护城河 | $22.1B | 51% | 5% | 24.5 | 88 | -6% | 73 | ||
| A | ROKURoku, Inc. platform | 视频娱乐消费品牌 | $21.3B | 45% | 15% | 68.6 | — | -1% | 73 | ||
| A | STZConstellation Brands, Inc. own_brand_product | 饮料消费品牌 | $24.6B | 51% | 11% | 13.1 | 25 | -13% | 73 | ||
| A | UBERUber Technologies, Inc. 双边出行与配送平台，密度带来网络效应 | 网络效应非消费护城河 | $142.3B | 41% | 13% | 15.3 | 32 | -26% | 73 | ||
| A | URBNUrban Outfitters, Inc. retail_channel | 服装鞋履消费品牌 | $7.40B | 36% | 12% | 13.5 | 37 | -6% | 73 | ||
| A | ACELAccel Entertainment, Inc. own_brand_service | 游戏博彩消费品牌 | $1.10B | 31% | 9% | 20.2 | 36 | -3% | 72 | ||
| A | CCCCCC Intelligent Solutions Holdings Inc. 保险理赔核心SaaS嵌入工作流，替换成本高 | 高转换成本软件非消费护城河 | $4.50B | 75% | 2% | 116.7 | 32 | -10% | 72 | ||
| A | CCEPCoca-Cola Europacific Partners PLC own_brand_product | 饮料消费品牌 | $52.0B | 36% | 9% | — | — | 0% | 72 | ||
| A | CCLCarnival Corporation & plc own_brand_service | 休闲消费品牌 | $39.3B | 36% | 11% | 12.8 | 35 | -14% | 72 | ||
| A | CHHChoice Hotels International, Inc. own_brand_service | 酒店消费品牌 | $5.30B | 44% | 13% | 16.8 | 60 | -3% | 72 | ||
| A | CMECME Group Inc. 期货交易所与清算网络，标准地位 | 交易所/数据/评级非消费护城河 | $113.8B | 85% | 2% | 27.0 | 68 | -3% | 72 | ||
| A | DLBDolby Laboratories, Inc. 音视频专利与行业标准，授权模式 | 知识产权/标准非消费护城河 | $6.00B | 88% | 7% | 27.1 | 57 | -8% | 72 | ||
| A | FOXAFox Corporation content_ip | 视频娱乐消费品牌 | $23.8B | 36% | 15% | 17.9 | 100 | -10% | 72 | ||
| A | FTSFortis Inc. CUM RD 5Y SR G 受监管公用事业拥有独家服务区域 | 特许经营/规模非消费护城河 | $30.8B | 68% | 4% | 18.7 | 100 | -3% | 72 | ||
| A | IDCCInterDigital, Inc. 无线标准必要专利授权，难以绕开 | 知识产权/标准非消费护城河 | $7.40B | 83% | 17% | 33.3 | 88 | -24% | 72 | ||
| A | MMYTMakeMyTrip Limited platform | 旅行消费品牌 | $4.80B | 72% | 7% | 154.8 | 96 | -41% | 72 | ||
| A | DDIDoubleDown Interactive Co., Ltd. content_ip | 游戏博彩消费品牌 | $0.80B | 71% | 10% | 6.3 | 96 | 0% | 71 | ||
| A | EATBrinker International, Inc. own_brand_service | 餐饮消费品牌 | $8.20B | 18% | 24% | 17.5 | 44 | -22% | 71 | ||
| A | GEGE Aerospace 航空发动机关键部件与认证，售后壁垒高 | 知识产权/标准非消费护城河 | $342.9B | 36% | 9% | 39.1 | 48 | -13% | 71 | ||
| A | TRPTC Energy Corporation 受监管的跨州天然气管道网络，进入壁垒极高 | 特许经营/规模非消费护城河 | $67.5B | 51% | 5% | 19.4 | 80 | -9% | 71 | ||
| A | TYLTyler Technologies, Inc. 地方政府核心系统嵌入，替换成本极高 | 高转换成本软件非消费护城河 | $16.9B | 44% | 7% | 56.2 | 44 | -10% | 71 | ||
| A | WCNWaste Connections, Inc. 垃圾收集与填埋的本地规模及许可壁垒 | 特许经营/规模非消费护城河 | $48.5B | 41% | 7% | 47.0 | 40 | 0% | 71 | ||
| A | ELFe.l.f. Beauty, Inc. own_brand_product | 美妆个护消费品牌 | $7.00B | 72% | 7% | 117.9 | 88 | -1% | 70 | ||
| A | FIZZNational Beverage Corp. own_brand_product | 饮料消费品牌 | $3.50B | 37% | 27% | 20.0 | 59 | -1% | 70 | ||
| A | ICEIntercontinental Exchange, Inc. 交易所清算与数据具标准地位 | 交易所/数据/评级非消费护城河 | $99.8B | 65% | 8% | 25.2 | 28 | -1% | 70 | ||
| A | MKTXMarketAxess Holdings Inc. 债券电子交易平台具双边流动性网络效应 | 网络效应非消费护城河 | $5.80B | 72% | 12% | 19.5 | 24 | -15% | 70 | ||
| A | NDAQNasdaq, Inc. 交易所与指数数据具标准地位 | 交易所/数据/评级非消费护城河 | $60.2B | 49% | 8% | 31.6 | 40 | -1% | 70 | ||
| A | UNPUnion Pacific Corporation 铁路路网不可复制的排他资产与规模壁垒 | 特许经营/规模非消费护城河 | $179.7B | 45% | 12% | 24.5 | 96 | -3% | 70 | ||
| A | WMTWalmart Inc. retail_channel | 零售消费品牌 | $1019.4B | 25% | 12% | 46.4 | 93 | -5% | 70 | ||
| A | YMMFull Truck Alliance Co. Ltd. 中国货运双边平台，网络效应显著 | 网络效应非消费护城河 | $9.10B | 70% | 8% | 5.2 | — | -31% | 盈利激增 | 70 | |
| B | COKECoca-Cola Consolidated, Inc. oem_commodity | 饮料消费品牌 | $14.3B | 39% | 20% | 28.5 | 92 | -1% | 69 | ||
| B | DTMDT Midstream, Inc. 天然气管道资产具区域垄断性 | 特许经营/规模非消费护城河 | $12.2B | 59% | 5% | 26.3 | 20 | -21% | 69 | ||
| B | DUKDuke Energy Corporation 受监管电力燃气垄断 | 特许经营/规模非消费护城河 | $100.7B | 56% | 4% | 19.4 | 40 | -3% | 69 | ||
| B | GDEVGDEV Inc. content_ip | 游戏博彩消费品牌 | $0.20B | 66% | 355% | 2.0 | 4 | -66% | 69 | ||
| B | ORCLOracle Corporation 数据库与ERP深度嵌入企业核心系统，替换代价极高 | 高转换成本软件非消费护城河 | $379.0B | 68% | 8% | 19.6 | 4 | -50% | 69 | ||
| B | TNLTravel + Leisure Co. own_brand_service | 旅行消费品牌 | $4.70B | 48% | 14% | 21.5 | 96 | -2% | 69 | ||
| B | WMGWarner Music Group Corp. content_ip | 视频娱乐消费品牌 | $16.9B | 47% | 13% | 25.0 | 14 | -7% | 盈利激增 | 69 | |
| B | CNICanadian National Railway Company 铁路路网不可复制，规模与线路壁垒 | 特许经营/规模非消费护城河 | $76.3B | 43% | 9% | 16.3 | 96 | -3% | 68 | ||
| B | DEODiageo plc own_brand_product | 饮料消费品牌 | $56.5B | 60% | 11% | — | — | -1% | 68 | ||
| B | FIGSFIGS, Inc. own_brand_product | 服装鞋履消费品牌 | $3.70B | 68% | 11% | 66.7 | 28 | -6% | 盈利激增 | 68 | |
| B | FRPTFreshpet, Inc. own_brand_product | 宠物消费品牌 | $3.30B | 40% | 5% | 17.8 | 24 | -21% | 68 | ||
| B | GAPThe Gap, Inc. own_brand_product | 服装鞋履消费品牌 | $7.40B | 42% | 12% | 6.3 | 4 | -28% | 68 | ||
| B | GILDGilead Sciences, Inc. HIV核心药物专利与首选方案地位形成强知识产权壁垒 | 知识产权/标准非消费护城河 | $208.5B | 78% | 20% | — | — | -4% | 68 | ||
| B | NCLHNorwegian Cruise Line Holdings Ltd. own_brand_service | 休闲消费品牌 | $8.20B | 40% | 7% | 11.2 | 28 | -28% | 68 | ||
| B | TMETencent Music Entertainment Group platform | 视频娱乐消费品牌 | $13.6B | 47% | 14% | 1.6 | — | -52% | 68 | ||
| B | TSCOTractor Supply Company retail_channel | 零售消费品牌 | $18.9B | 35% | 11% | 19.6 | 32 | -35% | 68 | ||
| B | UPBDUpbound Group, Inc. retail_channel | 零售消费品牌 | $1.50B | 49% | 7% | 16.3 | 84 | -1% | 68 | ||
| B | BRBroadridge Financial Solutions, Inc. 代理投票与合规通信嵌入金融流程，转换难 | 高转换成本软件非消费护城河 | $21.8B | 30% | 13% | 20.0 | 36 | -17% | 67 | ||
| B | BYDBoyd Gaming Corporation own_brand_service | 游戏博彩消费品牌 | $5.50B | 47% | 12% | 3.4 | 12 | -15% | 67 | ||
| B | HGVHilton Grand Vacations Inc. own_brand_service | 休闲消费品牌 | $3.30B | 55% | 7% | 20.7 | 36 | -20% | 盈利激增 | 67 | |
| B | HTHTH World Group Limited own_brand_service | 酒店消费品牌 | $15.5B | 38% | 9% | 3.2 | — | -10% | 67 | ||
| B | KMIKinder Morgan, Inc. 北美天然气管道网络，自然垄断与规模壁垒 | 特许经营/规模非消费护城河 | $71.1B | 43% | 5% | 20.5 | 8 | -7% | 67 | ||
| B | KOFCoca-Cola FEMSA, S.A.B. de C.V. oem_commodity | 饮料消费品牌 | $25.3B | 46% | 11% | 1.1 | — | -0% | 67 | ||
| B | LMTLockheed Martin Corporation 国防主承包长期项目与规模壁垒 | 特许经营/规模非消费护城河 | $137.7B | 11% | 20% | 21.2 | 44 | -12% | 67 | ||
| B | MPLXMPLX Lp 中游管道资产受许可与规模壁垒保护 | 特许经营/规模非消费护城河 | $58.0B | 48% | 14% | 12.3 | 80 | -5% | 67 | ||
| B | RBARB Global, Inc. 拍卖市场买卖双方聚集，流动性网络效应 | 网络效应非消费护城河 | $17.3B | 44% | 7% | 40.8 | 16 | -20% | 67 | ||
| B | RSGRepublic Services, Inc. 垃圾处理 landfill 与路线规模形成独家区域壁垒 | 特许经营/规模非消费护城河 | $77.1B | 36% | 9% | 35.8 | 80 | 0% | 67 | ||
| B | TCOMTrip.com Group Limited platform | 旅行消费品牌 | $28.6B | 81% | 4% | 1.3 | — | -45% | 67 | ||
| B | TEAMAtlassian Corporation Jira等嵌入研发流程，迁移成本高 | 高转换成本软件非消费护城河 | $38.0B | 83% | -1% | — | — | -34% | 67 | ||
| B | DASHDoorDash, Inc. platform | 餐饮消费品牌 | $74.8B | 50% | 8% | 89.8 | 27 | -28% | 66 | ||
| B | FIVEFive Below, Inc. retail_channel | 零售消费品牌 | $13.6B | 36% | 13% | 22.1 | 41 | -6% | 盈利激增 | 66 | |
| B | MELIMercadoLibre, Inc. platform | 零售消费品牌 | $75.6B | 45% | 11% | 40.6 | 4 | -35% | 66 | ||
| B | MZTIThe Marzetti Company own_brand_product | 食品消费品牌 | $3.00B | 24% | 17% | 15.9 | 12 | -36% | 66 | ||
| B | NWENorthwestern Energy Group Inc 受监管电力燃气垄断专营，区域独家网络 | 特许经营/规模非消费护城河 | $5.20B | 62% | 4% | 30.7 | 100 | -1% | 66 | ||
| B | RCKYRocky Brands, Inc. own_brand_product | 服装鞋履消费品牌 | $0.40B | 41% | 10% | 13.6 | 72 | -5% | 66 | ||
| B | VMCVulcan Materials Company 区域石矿受许可和运输成本保护 | 特许经营/规模非消费护城河 | $35.8B | 27% | 8% | 32.9 | 16 | -16% | 66 | ||
| B | AWKAmerican Water Works Company, Inc. 受监管水务独家服务区，自然垄断 | 特许经营/规模非消费护城河 | $29.8B | 54% | 4% | 25.9 | 84 | -2% | 65 | ||
| B | BURLBurlington Stores, Inc. retail_channel | 零售消费品牌 | $15.3B | 44% | 10% | 21.8 | 7 | -35% | 65 | ||
| B | CRWDCrowdStrike Holdings, Inc. 安全平台嵌入终端，数据与替换成本高 | 高转换成本软件非消费护城河 | $232.0B | 75% | -2% | 6456.1 | — | -19% | 65 | ||
| B | DOLEDole plc own_brand_product | 食品消费品牌 | $1.30B | 8% | 4% | 23.0 | 52 | -13% | 盈利激增 | 65 | |
| B | FNDFloor & Decor Holdings, Inc. retail_channel | 零售消费品牌 | $5.00B | 44% | 5% | 21.4 | 8 | -38% | 65 | ||
| B | NEENextEra Energy, Inc. Series N J 受监管电力专营区具规模壁垒 | 特许经营/规模非消费护城河 | $178.5B | 62% | 4% | 19.1 | 16 | -13% | 65 | ||
| B | NGVCNatural Grocers by Vitamin Cottage, Inc. retail_channel | 零售消费品牌 | $0.70B | 29% | 9% | 14.0 | 29 | -15% | 65 | ||
| B | PRKSUnited Parks & Resorts Inc. own_brand_service | 休闲消费品牌 | $1.80B | 92% | 10% | 15.8 | 92 | -17% | 65 | ||
| B | VLGEAVillage Super Market, Inc. retail_channel | 零售消费品牌 | $0.60B | 28% | 6% | 11.9 | 85 | -10% | 65 | ||
| B | WHWyndham Hotels & Resorts, Inc. own_brand_service | 酒店消费品牌 | $5.90B | 63% | 9% | 29.2 | 60 | -12% | 65 | ||
| B | WWWWolverine World Wide, Inc. own_brand_product | 服装鞋履消费品牌 | $2.00B | 45% | 10% | 19.1 | 59 | 0% | 65 | ||
| B | COLMColumbia Sportswear Company own_brand_product | 服装鞋履消费品牌 | $3.70B | 51% | 7% | 19.1 | 68 | 0% | 64 | ||
| B | DINDine Brands Global, Inc. own_brand_service | 餐饮消费品牌 | $0.50B | 42% | 7% | 97.1 | — | -5% | 64 | ||
| B | DRIDarden Restaurants, Inc. own_brand_service | 餐饮消费品牌 | $25.9B | 26% | 13% | 22.3 | 65 | -1% | 64 | ||
| B | GOLFAcushnet Holdings Corp. own_brand_product | 休闲消费品牌 | $4.70B | 48% | 12% | 22.6 | 52 | -30% | 64 | ||
| B | HSYThe Hershey Company own_brand_product | 食品消费品牌 | $35.0B | 41% | 9% | 19.7 | — | -26% | 64 | ||
| B | RCIRogers Communications Inc. 加拿大频谱牌照与网络规模壁垒 | 特许经营/规模非消费护城河 | $18.0B | 42% | 8% | 2.8 | 24 | -19% | 64 | ||
| B | SKYWSkyWest, Inc. own_brand_service | 旅行消费品牌 | $3.10B | 39% | 8% | 8.2 | 12 | -29% | 64 | ||
| B | WECWEC Energy Group, Inc. 受监管独家供电供气区域，特许经营壁垒 | 特许经营/规模非消费护城河 | $38.7B | 48% | 5% | 22.8 | 72 | -1% | 64 | ||
| B | ASAmer Sports, Inc. own_brand_product | 服装鞋履消费品牌 | $17.4B | 57% | 6% | 31.5 | 14 | -29% | 盈利激增 | 63 | |
| B | CHAChagee Holdings Limited American Depositary Shares own_brand_service | 饮料消费品牌 | $2.70B | 44% | 11% | 2.1 | — | -12% | 63 | ||
| B | CLHClean Harbors, Inc. 危废处置牌照与焚烧设施形成高壁垒 | 特许经营/规模非消费护城河 | $15.5B | 30% | 8% | 35.7 | 60 | -10% | 63 | ||
| B | CMCSAComcast Holdings Corp. content_ip | 视频娱乐消费品牌 | $89.1B | 71% | 6% | 8.1 | 60 | -23% | 63 | ||
| B | DLTRDollar Tree, Inc. retail_channel | 零售消费品牌 | $25.9B | 35% | 11% | 16.9 | — | -6% | 63 | ||
| B | PSMTPriceSmart, Inc. retail_channel | 零售消费品牌 | $5.10B | 17% | 10% | 30.5 | 65 | -17% | 63 | ||
| B | RVLVRevolve Group, Inc. retail_channel | 零售消费品牌 | $1.30B | 53% | 10% | 18.7 | 4 | -40% | 63 | ||
| B | SENEBSeneca Foods Corporation own_brand_product | 食品消费品牌 | $1.20B | 11% | 11% | 9.8 | 16 | -18% | 盈利激增 | 63 | |
| B | TPBTurning Point Brands, Inc. own_brand_product | 烟草大麻消费品牌 | $1.10B | 57% | 7% | 23.8 | 4 | -61% | 63 | ||
| B | UGPUltrapar Participações S.A. retail_channel | 零售消费品牌 | $6.30B | 8% | 12% | 1.8 | — | -27% | 63 | ||
| B | WMBThe Williams Companies, Inc. 关键天然气管道受许可限制，难复制 | 特许经营/规模非消费护城河 | $86.4B | 61% | 6% | 27.4 | 20 | -13% | 63 | ||
| B | YALAYalla Group Limited platform | 休闲消费品牌 | $0.80B | 66% | 15% | 7.2 | 50 | -25% | 63 | ||
| B | YUMCYum China Holdings, Inc. own_brand_service | 餐饮消费品牌 | $17.1B | 17% | 11% | 18.7 | 48 | -12% | 63 | ||
| B | ATOAtmos Energy Corporation 受监管燃气分销区域垄断，特许经营壁垒 | 特许经营/规模非消费护城河 | $29.8B | 61% | 5% | 21.0 | 36 | -8% | 62 | ||
| B | BTIBritish American Tobacco p.l.c. own_brand_product | 烟草大麻消费品牌 | $132.9B | 81% | 8% | — | — | -7% | 62 | ||
| B | CHDNChurchill Downs Incorporated own_brand_service | 游戏博彩消费品牌 | $6.80B | 34% | 8% | 17.1 | 48 | -15% | 62 | ||
| B | CPACopa Holdings, S.A. own_brand_service | 旅行消费品牌 | $5.80B | 34% | 13% | 9.3 | 100 | -10% | 62 | ||
| B | DDominion Energy, Inc. 受监管电力与燃气区域垄断 | 特许经营/规模非消费护城河 | $59.5B | 51% | 3% | 23.5 | 76 | -6% | 62 | ||
| B | EDConsolidated Edison, Inc. 纽约地区受监管独家供电供气，区域垄断 | 特许经营/规模非消费护城河 | $44.9B | 58% | 3% | 19.9 | 84 | -0% | 62 | ||
| B | KDPKeurig Dr Pepper Inc. own_brand_product | 饮料消费品牌 | $49.5B | 53% | 6% | 36.6 | 100 | -5% | 62 | ||
| B | KSPIJoint Stock Company Kaspi.kz 支付与电商超级App形成双边网络效应 | 网络效应非消费护城河 | $17.2B | 66% | 13% | 0.0 | — | -17% | 62 | ||
| B | NXSTNexstar Media Group, Inc. content_ip | 视频娱乐消费品牌 | $6.40B | 53% | 7% | 40.0 | 84 | -18% | 62 | ||
| B | PACGrupo Aeroportuario del Pacífico, S.A.B. de C.V. own_brand_service | 旅行消费品牌 | $12.3B | -15% | 218% | 1.1 | — | -21% | 62 | ||
| B | POSTPost Holdings, Inc. own_brand_product | 食品消费品牌 | $3.60B | 27% | 5% | 14.9 | 11 | -29% | 62 | ||
| B | RSIRush Street Interactive, Inc. platform | 游戏博彩消费品牌 | $3.30B | 35% | 15% | 40.5 | 5 | -66% | 62 | ||
| B | RYAAYRyanair Holdings plc own_brand_service | 旅行消费品牌 | $29.9B | 16% | 20% | 16.2 | 56 | -22% | 62 | ||
| B | SHOOSteven Madden, Ltd. own_brand_product | 服装鞋履消费品牌 | $3.10B | 43% | 11% | 21.0 | 40 | -14% | 盈利激增 | 62 | |
| B | SVVSavers Value Village, Inc. retail_channel | 零售消费品牌 | $1.60B | 56% | 4% | 65.4 | 76 | -15% | 62 | ||
| B | TXRHTexas Roadhouse, Inc. own_brand_service | 餐饮消费品牌 | $12.2B | 18% | 19% | 29.2 | 68 | -13% | 62 | ||
| B | ULUnilever PLC own_brand_product | 美妆个护消费品牌 | $142.6B | 61% | 9% | — | — | -11% | 62 | ||
| B | WMWaste Management, Inc. 垃圾填埋场与收集网络具规模壁垒 | 特许经营/规模非消费护城河 | $97.0B | 30% | 9% | 34.5 | 72 | -1% | 62 | ||
| B | WTRGEssential Utilities, Inc. 受监管水务专营区，区域垄断 | 特许经营/规模非消费护城河 | $13.0B | 57% | 5% | 23.1 | 100 | -2% | 62 | ||
| B | AEROGrupo Aeroméxico, S.A.B. de C.V. own_brand_service | 旅行消费品牌 | $2.40B | 26% | 16% | 11.4 | 100 | -28% | 61 | ||
| B | ELThe Estée Lauder Companies Inc. own_brand_product | 美妆个护消费品牌 | $40.5B | 74% | 4% | 228.1 | — | -7% | 61 | ||
| B | HDLSUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares own_brand_service | 餐饮消费品牌 | $0.60B | 29% | 15% | 39.9 | 61 | -42% | 61 | ||
| B | SOHUSohu.com Limited platform | 视频娱乐消费品牌 | $0.40B | 76% | 35% | 1.4 | — | -32% | 61 | ||
| B | AEPAmerican Electric Power Company, Inc. 大型受监管电网，服务区自然垄断 | 特许经营/规模非消费护城河 | $70.3B | 36% | 5% | 22.3 | 96 | -7% | 60 | ||
| B | CASYCasey's General Stores, Inc. retail_channel | 零售消费品牌 | $26.3B | 23% | 10% | 34.3 | 56 | -22% | 60 | ||
| B | CCICrown Castle Inc. 全国铁塔与光纤资产，牌照和规模壁垒 | 特许经营/规模非消费护城河 | $38.6B | 70% | 10% | 36.9 | 62 | -4% | 60 | ||
| B | CPKChesapeake Utilities Corporation 受监管燃气电力独家服务区 | 特许经营/规模非消费护城河 | $3.40B | 42% | 5% | 22.3 | 52 | -1% | 60 | ||
| B | CZRCaesars Entertainment, Inc. own_brand_service | 游戏博彩消费品牌 | $6.00B | 51% | 7% | — | — | -4% | 60 | ||
| B | DGDollar General Corporation retail_channel | 零售消费品牌 | $29.6B | 30% | 7% | 17.4 | 52 | -14% | 60 | ||
| B | QSRRestaurant Brands International Inc. own_brand_service | 餐饮消费品牌 | $26.3B | 39% | 7% | 22.2 | 36 | -8% | 60 | ||
| B | SNPSSynopsys, Inc. EDA嵌入芯片设计流程，双寡头高转换成本 | 高转换成本软件非消费护城河 | $87.2B | 77% | 2% | 79.6 | 85 | -15% | 60 | ||
| B | TRVGtrivago N.V. platform | 旅行消费品牌 | $0.30B | 97% | 2% | 22.2 | 38 | -38% | 盈利激增 | 60 | |
| B | CNKCinemark Holdings, Inc. own_brand_service | 休闲消费品牌 | $4.70B | 43% | 13% | 22.7 | 72 | -2% | 盈利激增 | 59 | |
| B | CSXCSX Corporation 铁路路网特许与规模，天然壁垒 | 特许经营/规模非消费护城河 | $95.9B | 36% | 8% | 30.1 | 96 | -2% | 59 | ||
| B | HLTHilton Worldwide Holdings Inc. own_brand_service | 酒店消费品牌 | $83.0B | 33% | -422% | 54.8 | 96 | -2% | 59 | ||
| B | HTOH2O America 受监管水务独家服务区，区域垄断 | 特许经营/规模非消费护城河 | $2.90B | 57% | 3% | 21.3 | 92 | -7% | 59 | ||
| B | KMBKimberly-Clark Corporation own_brand_product | 美妆个护消费品牌 | $36.4B | 36% | 13% | 18.6 | 88 | -5% | 59 | ||
| B | KTBKontoor Brands, Inc. own_brand_product | 服装鞋履消费品牌 | $4.50B | 47% | 14% | 17.0 | 57 | -8% | 59 | ||
| B | MATMattel, Inc. own_brand_product | 休闲消费品牌 | $4.30B | 49% | 9% | 11.3 | 40 | -32% | 59 | ||
| B | MDLZMondelez International, Inc. own_brand_product | 食品消费品牌 | $85.5B | 35% | 5% | 24.8 | 68 | 0% | 59 | ||
| B | MKCMcCormick & Company, Incorporated own_brand_product | 食品消费品牌 | $12.6B | 39% | 8% | 8.5 | 23 | -35% | 59 | ||
| B | NWSNews Corporation content_ip | 视频娱乐消费品牌 | $16.0B | 51% | 6% | 29.0 | 4 | -15% | 59 | ||
| B | PBAPembina Pipeline Corporation 管道资产稀缺，规模与准入壁垒高 | 特许经营/规模非消费护城河 | $29.3B | 42% | 6% | 17.8 | 92 | -2% | 59 | ||
| B | PEGPublic Service Enterprise Group Incorporated 受监管电网与燃气区域垄断 | 特许经营/规模非消费护城河 | $37.8B | 55% | 5% | 18.9 | 28 | -13% | 59 | ||
| B | RSVRReservoir Media, Inc. content_ip | 视频娱乐消费品牌 | $0.70B | 56% | 3% | 74.6 | 73 | -8% | 59 | ||
| B | SIGSignet Jewelers Limited retail_channel | 零售消费品牌 | $4.40B | 39% | 12% | 13.1 | 58 | -11% | 盈利激增 | 59 | |
| B | ASOAcademy Sports and Outdoors, Inc. retail_channel | 零售消费品牌 | $4.20B | 34% | 10% | 11.3 | 100 | -5% | 58 | ||
| B | AXILAXIL Brands, Inc. own_brand_product | 美妆个护消费品牌 | $0.00B | 72% | — | 15.5 | 4 | -40% | 盈利激增 | 58 | |
| B | BNYBank of New York Mellon Corp 证券托管清算规模与监管壁垒，客户黏性高 | 特许经营/规模非消费护城河 | $103.2B | 49% | — | 17.9 | — | — | 58 | ||
| B | BUDAnheuser-Busch InBev SA/NV own_brand_product | 饮料消费品牌 | $169.7B | 56% | 9% | — | — | -2% | 58 | ||
| B | CDROCodere Online Luxembourg, S.A. platform | 游戏博彩消费品牌 | $0.40B | 90% | 7% | 29.9 | — | -18% | 盈利激增 | 58 | |
| B | DEDeere & Company 经销商网络、零件耗材与精准农业软件锁定 | 特许经营/规模非消费护城河 | $181.6B | 37% | 7% | 37.4 | 96 | -5% | 58 | ||
| B | DTKDTE Energy Company 2025 Series 密歇根受监管电力垄断 | 特许经营/规模非消费护城河 | $4.30B | 33% | — | 3.2 | — | — | 58 | ||
| B | MSGEMadison Square Garden Entertainment Corp. content_ip | 休闲消费品牌 | $3.80B | 43% | 3% | 57.6 | 52 | -10% | 盈利激增 | 58 | |
| B | WYNNWynn Resorts, Limited own_brand_service | 休闲消费品牌 | $8.80B | 41% | 9% | 20.4 | 32 | -36% | 58 | ||
| B | CAAPCorporación América Airports S.A. own_brand_service | 旅行消费品牌 | $4.10B | 33% | 10% | 14.7 | 50 | -18% | 57 | ||
| B | CNPCenterPoint Energy, Inc. 受监管电力燃气独家服务区 | 特许经营/规模非消费护城河 | $27.3B | 44% | 4% | 24.2 | 32 | -9% | 57 | ||
| B | CSVCarriage Services, Inc. own_brand_service | 休闲消费品牌 | $0.40B | 35% | 6% | 10.1 | 4 | -45% | 57 | ||
| B | CURICuriosityStream Inc. content_ip | 视频娱乐消费品牌 | $0.20B | 54% | 15% | 15650.0 | — | -36% | 57 | ||
| B | ESEversource Energy 受监管独家供电供水特许区域 | 特许经营/规模非消费护城河 | $27.0B | 39% | 5% | 18.6 | 55 | -6% | 57 | ||
| B | LNTAlliant Energy Corporation 受监管的电力燃气垄断特许经营区 | 特许经营/规模非消费护城河 | $19.0B | 42% | 4% | 23.2 | 80 | -6% | 57 | ||
| B | MICCThe Magnum Ice Cream Company N.V. own_brand_product | 食品消费品牌 | $12.2B | 70% | 13% | 66.3 | — | -3% | 57 | ||
| B | MNSOMINISO Group Holding Limited own_brand_product | 零售消费品牌 | $3.40B | 44% | 6% | 2.8 | — | -49% | 57 | ||
| B | MOVMovado Group, Inc. own_brand_product | 奢侈品消费品牌 | $0.50B | 55% | 5% | 17.7 | 22 | -20% | 盈利激增 | 57 | |
| B | NGGNew England Power Company PFD 6% 受监管电网和气网垄断专营 | 特许经营/规模非消费护城河 | $84.7B | 50% | 4% | — | — | -10% | 57 | ||
| B | NSCNorfolk Southern Corporation 铁路路网独家资产，规模与路权壁垒显著 | 特许经营/规模非消费护城河 | $73.6B | 39% | 8% | 28.0 | 88 | -7% | 57 | ||
| B | NWNNorthwest Natural Holding Company 受监管天然气分销区域垄断，独家管网资产 | 特许经营/规模非消费护城河 | $2.20B | 40% | 4% | 17.1 | 44 | -7% | 57 | ||
| B | PNWPinnacle West Capital Corporation 亚利桑那受监管电力独家特许经营区域 | 特许经营/规模非消费护城河 | $13.0B | 41% | 4% | 20.5 | 96 | -2% | 57 | ||
| B | PPLPPL Corporation 受监管独家供电供气区域 | 特许经营/规模非消费护城河 | $26.8B | 36% | 4% | 21.1 | 16 | -10% | 57 | ||
| B | SRESempra 受监管公用事业，区域垄断 | 特许经营/规模非消费护城河 | $52.0B | 31% | 3% | 23.1 | 56 | -20% | 57 | ||
| B | TKOTKO Group Holdings, Inc. content_ip | 休闲消费品牌 | $14.2B | 44% | 6% | 67.4 | 26 | -13% | 57 | ||
| B | TZOOTravelzoo platform | 旅行消费品牌 | $0.10B | 82% | 35% | 126.4 | — | -57% | 57 | ||
| B | UALUnited Airlines Holdings, Inc. own_brand_service | 旅行消费品牌 | $35.5B | 50% | 7% | 10.2 | 52 | -20% | 57 | ||
| B | CAVACAVA Group, Inc. own_brand_service | 餐饮消费品牌 | $6.80B | 22% | 5% | 105.5 | 56 | -40% | 56 | ||
| B | CCUCompañía Cervecerías Unidas S.A. own_brand_product | 饮料消费品牌 | $2.00B | 44% | 7% | 0.0 | — | -30% | 56 | ||
| B | CELHCelsius Holdings, Inc. own_brand_product | 饮料消费品牌 | $8.10B | 49% | 10% | 154.4 | — | -43% | 盈利激增 | 56 | |
| B | CMSCMS Energy Corporation 受监管电力燃气区域垄断 | 特许经营/规模非消费护城河 | $22.1B | 53% | 4% | 20.8 | 52 | -12% | 56 | ||
| B | ENBEnbridge Inc. 北美油气管道网络具规模与许可壁垒 | 特许经营/规模非消费护城河 | $106.3B | 33% | 5% | 18.4 | 64 | -18% | 56 | ||
| B | EYENational Vision Holdings, Inc. retail_channel | 零售消费品牌 | $1.40B | 56% | 3% | 29.9 | — | -38% | 56 | ||
| B | HOURHour Loop, Inc. retail_channel | 零售消费品牌 | $0.10B | 53% | 20% | 33.2 | 8 | -42% | 56 | ||
| B | INTGThe InterGroup Corporation own_brand_service | 酒店消费品牌 | $0.10B | 21% | -7% | 54.5 | — | -15% | 56 | ||
| B | LOCOEl Pollo Loco Holdings, Inc. own_brand_service | 餐饮消费品牌 | $0.50B | 23% | 6% | 12.8 | 46 | -13% | 56 | ||
| B | LWLamb Weston Holdings, Inc. own_brand_product | 食品消费品牌 | $7.70B | 21% | 6% | — | — | -7% | 56 | ||
| B | MUSAMurphy USA Inc. retail_channel | 零售消费品牌 | $9.80B | 9% | 18% | 16.6 | 40 | -13% | 56 | ||
| B | PRMBPrimo Brands Corporation own_brand_product | 饮料消费品牌 | $8.60B | 33% | 3% | 87.1 | 37 | -6% | 56 | ||
| B | AXONAxon Enterprise, Inc. 执法证据云平台与硬件生态绑定，迁移成本高 | 高转换成本软件非消费护城河 | $25.7B | 60% | 1% | 130.8 | 16 | -51% | 55 | ||
| B | BBYBest Buy Co., Inc. retail_channel | 零售消费品牌 | $21.8B | 23% | 14% | 17.3 | 70 | -2% | 55 | ||
| B | BCEBCE Inc. 加拿大无线与宽带牌照加网络规模，寡头格局 | 特许经营/规模非消费护城河 | $20.0B | 51% | 6% | 3.2 | 12 | -19% | 55 | ||
| B | BJRIBJ's Restaurants, Inc. own_brand_service | 餐饮消费品牌 | $1.20B | 20% | 5% | 26.4 | 24 | -25% | 55 | ||
| B | FLOFlowers Foods, Inc. own_brand_product | 食品消费品牌 | $1.20B | 49% | 3% | 21.3 | 80 | -54% | 55 | ||
| B | GCOGenesco Inc. retail_channel | 服装鞋履消费品牌 | $0.40B | 47% | 2% | 9.2 | — | -17% | 55 | ||
| B | HRLHormel Foods Corporation own_brand_product | 食品消费品牌 | $12.2B | 16% | 3% | 35.1 | 100 | -17% | 55 | ||
| B | JILLJ.Jill, Inc. own_brand_product | 服装鞋履消费品牌 | $0.30B | 70% | 9% | 12.5 | 85 | -10% | 55 | ||
| B | KRThe Kroger Co. retail_channel | 零售消费品牌 | $41.8B | 23% | 5% | 38.5 | 77 | -6% | 55 | ||
| B | LINDLindblad Expeditions Holdings, Inc. own_brand_service | 旅行消费品牌 | $2.30B | 41% | 5% | — | — | -8% | 55 | ||
| B | MGMMGM Resorts International own_brand_service | 休闲消费品牌 | $8.50B | 45% | 3% | 20.3 | 56 | -34% | 盈利激增 | 55 | |
| B | NJRNew Jersey Resources Corporation 受监管天然气分销专营区 | 特许经营/规模非消费护城河 | $5.60B | 22% | 6% | 15.4 | 57 | -7% | 55 | ||
| B | SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP 受监管供水垄断，区域独家 | 特许经营/规模非消费护城河 | $16.8B | 41% | 9% | 2.2 | 64 | -31% | 55 | ||
| B | BROSDutch Bros Inc. own_brand_service | 餐饮消费品牌 | $6.70B | 26% | 5% | 49.9 | 4 | -51% | 54 | ||
| B | CPBCampbell Soup Company own_brand_product | 食品消费品牌 | $6.80B | 30% | 5% | 17.4 | 56 | -28% | 54 | ||
| B | CWTCalifornia Water Service Group 受监管水务独家特许经营区域 | 特许经营/规模非消费护城河 | $3.10B | 63% | 3% | 22.3 | 84 | -6% | 54 | ||
| B | DOOBRP Inc. own_brand_product | 休闲消费品牌 | $4.50B | 22% | 11% | 43.3 | — | -23% | 54 | ||
| B | EIXEdison International 南加州受监管供电独家服务区，区域垄断 | 特许经营/规模非消费护城河 | $23.2B | 42% | 5% | 6.2 | 20 | -25% | 54 | ||
| B | IHRTiHeartMedia, Inc. content_ip | 视频娱乐消费品牌 | $0.10B | 58% | 5% | — | — | -91% | 54 | ||
| B | JVACoffee Holding Co., Inc. own_brand_product | 饮料消费品牌 | $0.00B | 20% | 15% | 6.1 | 11 | -2% | 盈利激增 | 54 | |
| B | LWAYLifeway Foods, Inc. own_brand_product | 食品消费品牌 | $0.30B | 26% | 13% | 31.1 | 48 | -33% | 54 | ||
| B | MCSThe Marcus Corporation own_brand_service | 休闲消费品牌 | $0.80B | 39% | 4% | 36.9 | 31 | -13% | 盈利激增 | 54 | |
| B | MGEEMGE Energy, Inc. 受监管独家供电供气区域 | 特许经营/规模非消费护城河 | $3.00B | 44% | 5% | 19.4 | 16 | -7% | 54 | ||
| B | PCGPacific Gas and Electric Company 受监管区域垄断，电网不可复制 | 特许经营/规模非消费护城河 | $35.5B | 39% | 4% | 9.7 | 12 | -31% | 54 | ||
| B | SOSouthern Company 6.5 % Notes 2025-15.03.85 受监管电力垄断，区域独家经营 | 特许经营/规模非消费护城河 | $107.7B | 49% | 4% | 22.6 | 44 | -6% | 54 | ||
| B | ARCOArcos Dorados Holdings Inc. own_brand_service | 餐饮消费品牌 | $1.50B | 13% | 8% | 6.0 | 12 | -24% | 53 | ||
| B | AWRAmerican States Water Company 加州受监管水务和电力独家经营区 | 特许经营/规模非消费护城河 | $3.50B | 61% | 6% | 24.3 | 72 | -3% | 53 | ||
| B | DTEDTE Energy Company 2025 Series 密歇根受监管电力垄断 | 特许经营/规模非消费护城河 | $29.1B | 33% | 4% | 21.9 | 88 | -10% | 53 | ||
| B | JBSSJohn B. Sanfilippo & Son, Inc. own_brand_product | 食品消费品牌 | $0.70B | 18% | 16% | 12.4 | 8 | -35% | 53 | ||
| B | LITBLightInTheBox Holding Co., Ltd. platform | 零售消费品牌 | $0.00B | 62% | 312% | 2.7 | 18 | -32% | 盈利激增 | 53 | |
| B | REREATRenew Inc. platform | 零售消费品牌 | $1.30B | 20% | 9% | 2.8 | — | -36% | 盈利激增 | 53 | |
| B | WBWeibo Corporation platform | 视频娱乐消费品牌 | $1.50B | 77% | 5% | 5.2 | 11 | -45% | 53 | ||
| B | AEEAmeren Corporation 受监管电力特许经营区，自然垄断 | 特许经营/规模非消费护城河 | $31.8B | 45% | 4% | 20.2 | 32 | -3% | 52 | ||
| B | CRICarter's, Inc. own_brand_product | 服装鞋履消费品牌 | $1.30B | 48% | 10% | 6.2 | 20 | -23% | 盈利激增 | 52 | |
| B | CRONCronos Group Inc. own_brand_product | 烟草大麻消费品牌 | $1.20B | 34% | 1% | 18.7 | 56 | -9% | 52 | ||
| B | DALDelta Air Lines, Inc. own_brand_service | 旅行消费品牌 | $56.7B | 27% | 8% | 14.3 | 100 | -8% | 52 | ||
| B | ESCAEscalade, Incorporated own_brand_product | 休闲消费品牌 | $0.30B | 26% | 7% | 12.7 | 24 | -7% | 52 | ||
| B | GILGildan Activewear Inc. own_brand_product | 服装鞋履消费品牌 | $6.40B | 31% | 9% | 64.2 | 88 | -52% | 52 | ||
| B | GOOSCanada Goose Holdings Inc. own_brand_product | 奢侈品消费品牌 | $0.80B | 64% | 3% | 15.7 | — | -41% | 52 | ||
| B | LUVSouthwest Airlines Co. own_brand_service | 旅行消费品牌 | $22.0B | 28% | 4% | 27.6 | 18 | -18% | 盈利激增 | 52 | |
| B | NOMDNomad Foods Limited own_brand_product | 食品消费品牌 | $1.70B | 28% | 6% | 13.8 | 80 | -9% | 52 | ||
| B | RHPRyman Hospitality Properties, Inc. own_brand_service | 酒店消费品牌 | $9.30B | 26% | 10% | 32.9 | 92 | -3% | 52 | ||
| B | SWXSouthwest Gas Holdings, Inc. 受监管天然气分销独家区域特许经营 | 特许经营/规模非消费护城河 | $6.80B | 40% | 3% | 13.1 | 28 | -0% | 52 | ||
| B | VSNTVersant Media Group, Inc. Class A content_ip | 视频娱乐消费品牌 | $4.90B | 55% | 9% | — | — | -24% | 52 | ||
| B | BABAAlibaba Group Holding Limited platform | 零售消费品牌 | $234.8B | 39% | 3% | 3.2 | — | -47% | 51 | ||
| B | BCBrunswick Corporation own_brand_product | 休闲消费品牌 | $4.90B | 26% | -1% | — | — | -15% | 51 | ||
| B | CPRICapri Holdings Limited own_brand_product | 奢侈品消费品牌 | $2.20B | 62% | 3% | 12.1 | — | -22% | 51 | ||
| B | INTAIntapp, Inc. 垂直云软件嵌入核心流程，替换成本高 | 高转换成本软件非消费护城河 | $3.50B | 74% | -7% | — | — | -4% | 51 | ||
| B | LFSLEIFRAS Co., Ltd. American Depositary Shares own_brand_service | 休闲消费品牌 | $0.10B | 29% | 18% | 0.1 | — | -71% | 51 | ||
| B | ZUMZZumiez Inc. retail_channel | 零售消费品牌 | $0.20B | 34% | 2% | 19.4 | 13 | -54% | 51 | ||
| B | ACIAlbertsons Companies, Inc. retail_channel | 零售消费品牌 | $6.20B | 27% | 1% | — | — | -30% | 50 | ||
| B | CAKEThe Cheesecake Factory Incorporated own_brand_service | 餐饮消费品牌 | $5.40B | 47% | 7% | 25.9 | 84 | -7% | 50 | ||
| B | DIBS1stdibs.Com, Inc. platform | 零售消费品牌 | $0.20B | 73% | -11% | — | — | -11% | 50 | ||
| B | GOGrocery Outlet Holding Corp. retail_channel | 零售消费品牌 | $1.30B | 30% | -13% | — | — | -10% | 50 | ||
| B | HIIHuntington Ingalls Industries, Inc. 美国海军核动力舰船独家或双寡头船厂，壁垒极高 | 特许经营/规模非消费护城河 | $12.1B | 13% | 6% | 18.3 | 48 | -33% | 50 | ||
| B | NKENIKE, Inc. own_brand_product | 服装鞋履消费品牌 | $56.4B | 43% | 10% | 18.2 | 8 | -44% | 50 | ||
| B | SHAKShake Shack Inc. own_brand_service | 餐饮消费品牌 | $3.00B | 38% | 3% | 79.5 | 28 | -28% | 50 | ||
| B | SOBOSouth Bow Corporation 原油管道关键资产，收费型基础设施 | 特许经营/规模非消费护城河 | $7.00B | 64% | 5% | 19.4 | 68 | -14% | 50 | ||
| B | TAPMolson Coors Beverage Company own_brand_product | 饮料消费品牌 | $7.60B | 38% | -10% | — | — | -25% | 50 | ||
| B | TGTTarget Corporation retail_channel | 零售消费品牌 | $73.3B | 29% | 11% | 16.8 | 89 | -5% | 50 | ||
| B | TSNTyson Foods, Inc. own_brand_product | 食品消费品牌 | $20.7B | 6% | 3% | 36.3 | 64 | -14% | 50 | ||
| B | WEYSWeyco Group, Inc. own_brand_product | 服装鞋履消费品牌 | $0.60B | 47% | 12% | 16.2 | 100 | -9% | 50 | ||
| B | WMKWeis Markets, Inc. retail_channel | 零售消费品牌 | $1.90B | 25% | 6% | 19.2 | 91 | -5% | 50 | ||
| C | CTRNCiti Trends, Inc. retail_channel | 零售消费品牌 | $0.40B | 38% | 1% | 53.3 | — | -43% | 49 | ||
| C | DKSDICK'S Sporting Goods, Inc. retail_channel | 零售消费品牌 | $13.3B | 35% | 7% | 16.1 | 58 | -37% | 49 | ||
| C | EPDEnterprise Products Partners L.P. 管道网络规模与许可壁垒 | 特许经营/规模非消费护城河 | $82.6B | 13% | 12% | 13.3 | 72 | -4% | 49 | ||
| C | FWRGFirst Watch Restaurant Group, Inc. own_brand_service | 餐饮消费品牌 | $0.80B | 34% | 2% | 42.1 | 20 | -29% | 盈利激增 | 49 | |
| C | MAMAMama's Creations, Inc. own_brand_product | 食品消费品牌 | $0.60B | 26% | 9% | 76.2 | 44 | -37% | 49 | ||
| C | OGEOGE Energy Corp. 受监管的电力特许经营，区域垄断属性强 | 特许经营/规模非消费护城河 | $10.7B | 49% | 5% | 22.6 | 96 | 0% | 49 | ||
| C | OGSONE Gas, Inc. 受监管的天然气分销公用事业，区域独家经营 | 特许经营/规模非消费护城河 | $5.30B | 49% | 4% | 18.1 | 48 | -8% | 49 | ||
| C | TLFTandy Leather Factory, Inc. retail_channel | 零售消费品牌 | $0.00B | 57% | -1% | — | — | -29% | 49 | ||
| C | XELXcel Energy Inc. 受监管电力专营区，区域垄断 | 特许经营/规模非消费护城河 | $52.4B | 47% | 4% | 22.2 | 56 | -3% | 49 | ||
| C | ZGNErmenegildo Zegna N.V. own_brand_product | 奢侈品消费品牌 | $3.70B | 62% | 5% | — | — | -10% | 49 | ||
| C | CALCaleres, Inc. retail_channel | 服装鞋履消费品牌 | $0.50B | 45% | 4% | 8.2 | 71 | -10% | 48 | ||
| C | CALYCallaway Golf Company own_brand_product | 休闲消费品牌 | $3.10B | 58% | 4% | 38.0 | — | -13% | 48 | ||
| C | EOLSEvolus, Inc. own_brand_product | 美妆个护消费品牌 | $0.50B | 67% | -15% | — | — | -25% | 48 | ||
| C | HHyatt Hotels Corporation own_brand_service | 酒店消费品牌 | $17.5B | 32% | 3% | 228.9 | 100 | -7% | 48 | ||
| C | RBLXRoblox Corporation platform | 游戏博彩消费品牌 | $33.5B | 78% | -27% | — | — | -52% | 48 | ||
| C | SJMThe J. M. Smucker Company own_brand_product | 食品消费品牌 | $14.2B | 37% | 3% | 62.0 | — | -1% | 48 | ||
| C | APDAir Products and Chemicals, Inc. 工业气体本地规模与长期合同壁垒 | 特许经营/规模非消费护城河 | $70.5B | 32% | -2% | — | — | -1% | 47 | ||
| C | BDLFlanigan's Enterprises, Inc. own_brand_service | 餐饮消费品牌 | $0.10B | 18% | 7% | 15.8 | 64 | -15% | 盈利激增 | 47 | |
| C | DLPNDolphin Entertainment, Inc. content_ip | 视频娱乐消费品牌 | $0.00B | 75% | -5% | — | — | -45% | 47 | ||
| C | IMKTAIngles Markets, Incorporated retail_channel | 零售消费品牌 | $1.60B | 24% | 5% | 15.4 | 39 | -12% | 47 | ||
| C | JDJD.com, Inc. retail_channel | 零售消费品牌 | $37.7B | 13% | -1% | 2.8 | — | -17% | 47 | ||
| C | LYVLive Nation Entertainment, Inc. content_ip | 休闲消费品牌 | $42.0B | 31% | 4% | — | — | -5% | 47 | ||
| C | PTLOPortillo's Inc. own_brand_service | 餐饮消费品牌 | $0.50B | 33% | 3% | 29.5 | 92 | -4% | 47 | ||
| C | RLXRLX Technology Inc. own_brand_product | 烟草大麻消费品牌 | $1.90B | 32% | 2% | 2.1 | — | -39% | 47 | ||
| C | VFCV.F. Corporation own_brand_product | 服装鞋履消费品牌 | $8.10B | 53% | 7% | 22.5 | 31 | -4% | 盈利激增 | 47 | |
| C | BEKEKE Holdings Inc. 经纪人合作网络双边平台，房源与客源互相强化 | 网络效应非消费护城河 | $20.2B | 24% | 2% | 4.3 | — | -9% | 46 | ||
| C | BEPBrookfield BRP Holdings (Canada 水电等长期许可资产，成本与选址不可复制 | 特许经营/规模非消费护城河 | $9.10B | 42% | 1% | 65.2 | — | -20% | 46 | ||
| C | FLUTFlutter Entertainment plc platform | 游戏博彩消费品牌 | $14.1B | 45% | -5% | — | — | -65% | 46 | ||
| C | GHGGreenTree Hospitality Group Ltd. own_brand_service | 酒店消费品牌 | $0.10B | 37% | 1% | 2.4 | 82 | -49% | 46 | ||
| C | REALThe RealReal, Inc. platform | 奢侈品消费品牌 | $1.80B | 73% | 2% | — | — | -14% | 46 | ||
| C | SBGISinclair, Inc. content_ip | 视频娱乐消费品牌 | $1.10B | 42% | 2% | 20.0 | 100 | -11% | 46 | ||
| C | SIRISirius XM Holdings Inc. content_ip | 视频娱乐消费品牌 | $10.7B | 48% | 5% | 12.5 | 100 | -5% | 46 | ||
| C | SRSpire Inc. 受监管燃气垄断，区域独家经营 | 特许经营/规模非消费护城河 | $5.30B | 37% | 3% | 9.9 | 14 | -7% | 46 | ||
| C | TRTootsie Roll Industries, Inc. own_brand_product | 食品消费品牌 | $2.90B | 35% | 7% | 29.4 | 76 | -15% | 46 | ||
| C | BRLTBrilliant Earth Group, Inc. own_brand_product | 奢侈品消费品牌 | $0.10B | 59% | -8% | — | — | -43% | 45 | ||
| C | CPNGCoupang, Inc. platform | 零售消费品牌 | $27.2B | 28% | -14% | — | — | -47% | 45 | ||
| C | GRABGrab Holdings Limited platform | 旅行消费品牌 | $12.9B | 43% | 3% | 23.4 | 16 | -44% | 盈利激增 | 45 | |
| C | GRPNGroupon, Inc. platform | 零售消费品牌 | $0.50B | 90% | -19% | — | — | -57% | 45 | ||
| C | MMacy's, Inc. retail_channel | 零售消费品牌 | $6.50B | 40% | 7% | 9.1 | 41 | -6% | 45 | ||
| C | PLTKPlaytika Holding Corp. content_ip | 游戏博彩消费品牌 | $1.00B | 73% | 1% | — | — | -40% | 45 | ||
| C | AEOAmerican Eagle Outfitters, Inc. own_brand_product | 服装鞋履消费品牌 | $3.60B | 35% | 7% | 11.1 | 41 | -23% | 44 | ||
| C | BKHBlack Hills Corporation 受监管电力燃气公用事业，垄断服务区 | 特许经营/规模非消费护城河 | $6.60B | 38% | 5% | 21.9 | 100 | -1% | 44 | ||
| C | EMAEmera Incorporated 美加及加勒比受监管电力燃气独家特许经营 | 特许经营/规模非消费护城河 | $15.7B | 38% | 4% | 16.1 | 56 | -7% | 44 | ||
| C | MCFTMasterCraft Boat Holdings, Inc. own_brand_product | 休闲消费品牌 | $0.50B | 21% | 7% | — | — | -20% | 44 | ||
| C | MIAXMIAMI INTERNATIONAL HOLDINGS, INC. 期权交易所具牌照与流动性标准地位 | 交易所/数据/评级非消费护城河 | $3.70B | 28% | 6% | 20.5 | — | -35% | 44 | ||
| C | MSGKMSG Knickerbockers Corp. Class A 拥有NBA与NHL稀缺特许球队 | 特许经营/规模非消费护城河 | $7.60B | 44% | 1% | 982.7 | 100 | -3% | 44 | ||
| C | PORPortland General Electric Company 俄勒冈受监管电力垄断经营区域 | 特许经营/规模非消费护城河 | $5.50B | 45% | 4% | 20.1 | 84 | -15% | 44 | ||
| C | RICKRCI Hospitality Holdings, Inc. own_brand_service | 休闲消费品牌 | $0.20B | 57% | 5% | — | — | -13% | 44 | ||
| C | SFDSMITHFIELD FOODS INC own_brand_product | 食品消费品牌 | $7.60B | 13% | 10% | 8.4 | 17 | -35% | 44 | ||
| C | GAIAGaia, Inc. content_ip | 视频娱乐消费品牌 | $0.00B | 86% | -6% | — | — | -71% | 43 | ||
| C | SESea Limited platform | 零售消费品牌 | $44.5B | 44% | 9% | 29.1 | 8 | -49% | 43 | ||
| C | VIPSVipshop Holdings Limited platform | 零售消费品牌 | $6.40B | 24% | 12% | 0.6 | — | -35% | 43 | ||
| C | WGOWinnebago Industries, Inc. own_brand_product | 休闲消费品牌 | $0.90B | 14% | 3% | 25.6 | 53 | -38% | 43 | ||
| C | ALGTAllegiant Travel Company own_brand_service | 旅行消费品牌 | $2.50B | 32% | 2% | 65.4 | — | -23% | 42 | ||
| C | ALKAlaska Air Group, Inc. own_brand_service | 旅行消费品牌 | $4.30B | 46% | 2% | — | — | -36% | 42 | ||
| C | AMCAMC Entertainment Holdings, Inc. own_brand_service | 视频娱乐消费品牌 | $2.90B | 67% | 9% | — | — | -8% | 42 | ||
| C | BRCBBlack Rock Coffee Bar, Inc. Class A Common Stock own_brand_service | 餐饮消费品牌 | $0.20B | 34% | 3% | 160.3 | — | -56% | 42 | ||
| C | CPHCCanterbury Park Holding Corporation own_brand_service | 休闲消费品牌 | $0.10B | 64% | 2% | 704.9 | 88 | -7% | 42 | ||
| C | DKNGDraftKings Inc. platform | 游戏博彩消费品牌 | $9.40B | 39% | -15% | — | — | -48% | 42 | ||
| C | FENGPhoenix New Media Limited platform | 视频娱乐消费品牌 | $0.00B | 46% | -0% | 0.1 | — | -38% | 42 | ||
| C | FLLFull House Resorts, Inc. own_brand_service | 游戏博彩消费品牌 | $0.00B | 49% | 1% | — | — | -84% | 42 | ||
| C | FNKOFunko, Inc. own_brand_product | 休闲消费品牌 | $0.40B | 41% | -9% | — | — | -5% | 42 | ||
| C | GIIIG-III Apparel Group, Ltd. own_brand_product | 服装鞋履消费品牌 | $1.40B | 42% | 8% | 10.5 | 78 | -14% | 42 | ||
| C | SWBISmith & Wesson Brands, Inc. own_brand_product | 休闲消费品牌 | $0.70B | 28% | 6% | 28.8 | 56 | -6% | 42 | ||
| C | TOURTuniu Corporation platform | 旅行消费品牌 | $0.00B | 64% | 1% | 0.8 | — | -41% | 42 | ||
| C | UHALU-Haul Holding Company 全美门店网络规模，单向搬家需网络覆盖 | 特许经营/规模非消费护城河 | $9.50B | 69% | 2% | 290.8 | — | -27% | 42 | ||
| C | UHAL-BU-Haul Holding Company 全美门店网络规模，单向搬家需网络覆盖 | 特许经营/规模非消费护城河 | $9.60B | 69% | 2% | 255.2 | — | -27% | 42 | ||
| C | XNETXunlei Limited platform | 视频娱乐消费品牌 | $0.00B | 52% | 1% | — | — | -59% | 42 | ||
| C | AALAmerican Airlines Group Inc. own_brand_service | 旅行消费品牌 | $8.70B | 21% | 2% | — | — | -27% | 41 | ||
| C | CENTACentral Garden & Pet Company own_brand_product | 宠物消费品牌 | $2.60B | 30% | 6% | 15.1 | 60 | -3% | 盈利激增 | 41 | |
| C | CHRCheer Holding, Inc. platform | 视频娱乐消费品牌 | $0.00B | 73% | 7% | 0.0 | — | -86% | 41 | ||
| C | CHSNChanson International Holding own_brand_product | 食品消费品牌 | $0.00B | 46% | -2% | — | — | -100% | 41 | ||
| C | ELANElanco Animal Health Incorporated own_brand_product | 宠物消费品牌 | $13.4B | 47% | 4% | — | — | -0% | 41 | ||
| C | JACKJack in the Box Inc. own_brand_service | 餐饮消费品牌 | $0.30B | 28% | 7% | 8.5 | — | -37% | 41 | ||
| C | JJSFJ&J Snack Foods Corp. own_brand_product | 食品消费品牌 | $1.70B | 30% | 5% | 34.1 | 82 | -10% | 41 | ||
| C | MLMMartin Marietta Materials, Inc. 骨料矿场受许可且运输半径形成区域规模壁垒 | 特许经营/规模非消费护城河 | $30.9B | 28% | 6% | 12.6 | 12 | -28% | 41 | ||
| C | ODDOddity Tech Ltd. own_brand_product | 美妆个护消费品牌 | $1.00B | 71% | -1% | 74.7 | 92 | -61% | 41 | ||
| C | PVHPVH Corp. own_brand_product | 服装鞋履消费品牌 | $4.30B | 59% | -2% | — | — | -6% | 41 | ||
| C | RGSRegis Corporation own_brand_service | 美妆个护消费品牌 | $0.10B | 41% | 4% | 9.6 | — | -27% | 41 | ||
| C | UPSUnited Parcel Service, Inc. 全球一体化物流网络规模与密度壁垒 | 特许经营/规模非消费护城河 | $84.5B | 18% | 11% | 20.9 | 100 | -6% | 41 | ||
| C | WENThe Wendy's Company own_brand_service | 餐饮消费品牌 | $1.60B | 29% | 4% | 16.2 | 88 | -9% | 41 | ||
| C | YSGYatsen Holding Limited own_brand_product | 美妆个护消费品牌 | $0.20B | 77% | -10% | — | — | -72% | 41 | ||
| C | BNEDBarnes & Noble Education, Inc. retail_channel | 零售消费品牌 | $0.40B | 22% | 7% | 20.0 | — | -8% | 40 | ||
| C | DJTTrump Media & Technology Group Corp. platform | 视频娱乐消费品牌 | $1.30B | 51% | 9% | — | — | -71% | 40 | ||
| C | DLTHDuluth Holdings Inc. own_brand_product | 服装鞋履消费品牌 | $0.20B | 54% | 4% | 24.8 | — | -17% | 40 | ||
| C | DNUTKrispy Kreme, Inc. own_brand_service | 餐饮消费品牌 | $0.70B | 75% | -2% | — | — | -17% | 40 | ||
| C | LEELee Enterprises, Incorporated content_ip | 视频娱乐消费品牌 | $0.20B | 98% | 5% | — | — | -35% | 40 | ||
| C | PZZAPapa John's International, Inc. own_brand_service | 餐饮消费品牌 | $0.70B | 25% | 9% | 26.6 | 60 | -54% | 40 | ||
| C | RGRSturm, Ruger & Company, Inc. own_brand_product | 休闲消费品牌 | $0.80B | 19% | 5% | 50.1 | 53 | -5% | 盈利激增 | 40 | |
| C | SAMThe Boston Beer Company, Inc. own_brand_product | 饮料消费品牌 | $2.30B | 46% | 12% | — | — | -15% | 40 | ||
| C | TBBBBBB Foods Inc. retail_channel | 零售消费品牌 | $8.40B | 16% | 3% | — | — | 0% | 40 | ||
| C | VNCEVince Holding Corp. own_brand_product | 服装鞋履消费品牌 | $0.20B | 50% | 5% | 24.0 | 100 | 0% | 40 | ||
| C | WOOFPetco Health and Wellness Company, Inc. retail_channel | 宠物消费品牌 | $0.70B | 38% | 3% | 28.5 | — | -21% | 40 | ||
| C | WVVIWillamette Valley Vineyards, Inc. own_brand_product | 饮料消费品牌 | $0.00B | 60% | -3% | — | — | -45% | 40 | ||
| C | AKAa.k.a. Brands Holding Corp. own_brand_product | 服装鞋履消费品牌 | $0.10B | 58% | -2% | — | — | -42% | 39 | ||
| C | AVAAvista Corporation 受监管电力燃气公用事业，区域独家特许 | 特许经营/规模非消费护城河 | $3.40B | 56% | 4% | 14.7 | 24 | -5% | 39 | ||
| C | AWXAvalon Holdings Corporation own_brand_service | 休闲消费品牌 | $0.00B | 19% | — | 9.1 | 24 | -6% | 盈利激增 | 39 | |
| C | ENICEnel Chile S.A. 智利配电受监管独家区域，特许经营垄断 | 特许经营/规模非消费护城河 | $5.80B | 18% | 2% | 10.2 | — | -10% | 盈利激增 | 39 | |
| C | MSCStudio City International Holdings Limited own_brand_service | 游戏博彩消费品牌 | $0.00B | 65% | 3% | — | — | -76% | 39 | ||
| C | SBUXStarbucks Corporation own_brand_service | 餐饮消费品牌 | $121.4B | 31% | 9% | 48.2 | 52 | -3% | 39 | ||
| C | ANGXAngel Studios, Inc. content_ip | 视频娱乐消费品牌 | $0.90B | 57% | -89% | — | — | -25% | 37 | ||
| C | BAThe Boeing Company 商用客机双寡头，认证与规模壁垒极高 | 特许经营/规模非消费护城河 | $135.9B | 4% | -8% | 74.2 | — | -32% | 37 | ||
| C | BEP-PABrookfield BRP Holdings (Canada 水电等长期许可资产，成本与选址不可复制 | 特许经营/规模非消费护城河 | $6.20B | 22% | 1% | 37.0 | — | -10% | 37 | ||
| C | BRFHBarfresh Food Group, Inc. own_brand_product | 饮料消费品牌 | $0.00B | 27% | -36% | — | — | -87% | 37 | ||
| C | GMHSGamehaus Holdings Inc. content_ip | 游戏博彩消费品牌 | $0.00B | 52% | 4% | 9.3 | 17 | -32% | 37 | ||
| C | GTIMGood Times Restaurants Inc. own_brand_service | 餐饮消费品牌 | $0.00B | 11% | 1% | 6.0 | 4 | -22% | 37 | ||
| C | GTNGray Media, Inc. content_ip | 视频娱乐消费品牌 | $0.60B | 29% | 5% | — | — | -3% | 37 | ||
| C | MRTMarti Technologies, Inc. own_brand_service | 旅行消费品牌 | $0.20B | 24% | — | — | — | -14% | 37 | ||
| C | PENNPENN Entertainment, Inc. own_brand_service | 游戏博彩消费品牌 | $2.30B | 29% | -4% | — | — | -21% | 37 | ||
| C | PLBYPlayboy, Inc. content_ip | 休闲消费品牌 | $0.20B | 67% | -3% | 182.9 | — | -53% | 37 | ||
| C | PSQHColombier Acquisition Corp. platform | 零售消费品牌 | $0.00B | 58% | -60% | — | — | -94% | 37 | ||
| C | TDUPThredUp Inc. platform | 零售消费品牌 | $0.20B | 84% | -19% | — | — | -82% | 37 | ||
| C | TLYSTilly's, Inc. retail_channel | 零售消费品牌 | $0.10B | 28% | -9% | 69.8 | — | -23% | 37 | ||
| C | TRIPTripadvisor, Inc. platform | 旅行消费品牌 | $0.90B | 85% | -24% | 724.0 | 76 | -54% | 37 | ||
| C | CAPLCrossAmerica Partners LP retail_channel | 零售消费品牌 | $0.80B | 9% | 10% | 14.1 | 4 | -17% | 36 | ||
| C | CNTYCentury Casinos, Inc. own_brand_service | 游戏博彩消费品牌 | $0.00B | 39% | 5% | — | — | -73% | 36 | ||
| C | COTYCoty Inc. own_brand_product | 美妆个护消费品牌 | $3.60B | 63% | 4% | — | — | -7% | 36 | ||
| C | FWONKFormula One Group content_ip | 休闲消费品牌 | $27.2B | 34% | 3% | 59.3 | — | -2% | 盈利激增 | 36 | |
| C | HEPSD-Market Elektronik Hizmetler ve Ticaret A.S. platform | 零售消费品牌 | $1.00B | 37% | -37% | — | — | -16% | 36 | ||
| C | JAKKJAKKS Pacific, Inc. own_brand_product | 休闲消费品牌 | $0.40B | 31% | 3% | 42.3 | 100 | -2% | 36 | ||
| C | KSSKohl's Corporation retail_channel | 零售消费品牌 | $2.70B | 40% | 5% | 10.3 | 85 | -5% | 36 | ||
| C | LANVLanvin Group Holdings Limited own_brand_product | 奢侈品消费品牌 | $0.10B | 57% | -40% | — | — | -69% | 36 | ||
| C | LUCKLucky Strike Entertainment Corporation own_brand_service | 休闲消费品牌 | $0.50B | 35% | 5% | — | — | -64% | 36 | ||
| C | LUXEEmles Luxury Goods ETF retail_channel | 奢侈品消费品牌 | $1.50B | 46% | -10% | — | — | -1% | 36 | ||
| C | MBUUMalibu Boats, Inc. own_brand_product | 休闲消费品牌 | $0.40B | 16% | 3% | 268.1 | — | -43% | 36 | ||
| C | STUBStubHub Holdings, Inc. platform | 休闲消费品牌 | $1.90B | 82% | -28% | — | — | -72% | 36 | ||
| C | ZHZhihu Inc. platform | 视频娱乐消费品牌 | $0.20B | 59% | -13% | — | — | -36% | 36 | ||
| ? | ANGHAnghami Inc. platform | 视频娱乐消费品牌 | $0.00B | 0% | -255% | — | — | -43% | 35 | ||
| C | BEPCBrookfield Renewable Corporation 可再生发电资产组合，长期购电协议与规模 | 特许经营/规模非消费护城河 | $4.60B | 49% | 5% | — | — | -31% | 35 | ||
| ? | BRIABrillia Inc own_brand_product | 服装鞋履消费品牌 | $0.00B | 15% | 16% | — | — | -35% | 35 | ||
| C | DBIDesigner Brands Inc. retail_channel | 服装鞋履消费品牌 | $0.30B | 42% | 6% | 22.7 | — | -30% | 35 | ||
| C | GFLGFL Environmental Inc. 废物处理路线密度、填埋场与许可形成本地规模壁垒 | 特许经营/规模非消费护城河 | $14.6B | 19% | 2% | — | — | -10% | 35 | ||
| C | GIGMGigaMedia Limited content_ip | 游戏博彩消费品牌 | $0.00B | 54% | -7% | — | — | -14% | 35 | ||
| C | GROVGrove Collaborative Holdings, Inc. retail_channel | 零售消费品牌 | $0.00B | 54% | -28% | — | — | -33% | 35 | ||
| C | HITIHigh Tide Inc. retail_channel | 烟草大麻消费品牌 | $0.20B | 25% | 8% | — | — | -17% | 35 | ||
| C | MRDNGolden Matrix Group, Inc. platform | 游戏博彩消费品牌 | $0.10B | 54% | 6% | — | — | -63% | 35 | ||
| C | MTNVail Resorts, Inc. own_brand_service | 休闲消费品牌 | $5.50B | 13% | 7% | 37.0 | 100 | -6% | 35 | ||
| C | PAAPlains All American Pipeline, L.P. 庞大管道与储运网络难以复制，规模壁垒显著 | 特许经营/规模非消费护城河 | $17.3B | 12% | 6% | 6.8 | 8 | -9% | 盈利激增 | 35 | |
| C | PAGPPlains GP Holdings, L.P. 通过Plains持有难以复制的管道储运网络 | 特许经营/规模非消费护城河 | $5.20B | 13% | 5% | 9.4 | 8 | -9% | 盈利激增 | 35 | |
| C | SFIXStitch Fix, Inc. retail_channel | 服装鞋履消费品牌 | $0.30B | 44% | -8% | — | — | -50% | 35 | ||
| C | TTWOTake-Two Interactive Software, Inc. content_ip | 游戏博彩消费品牌 | $42.7B | 54% | -2% | — | — | -12% | 35 | ||
| C | UONEKUrban One, Inc. content_ip | 视频娱乐消费品牌 | $0.00B | 65% | 8% | — | — | -77% | 35 | ||
| C | CBRLCracker Barrel Old Country Store, Inc. own_brand_service | 餐饮消费品牌 | $1.50B | 31% | -0% | 47.9 | 92 | -8% | 34 | ||
| ? | DKIDarkIris Inc. Class A Ordinary Shares content_ip | 游戏博彩消费品牌 | $0.00B | 26% | -12% | — | — | -100% | 34 | ||
| C | FMXFomento Económico Mexicano, S.A.B. de C.V. retail_channel | 零售消费品牌 | $44.9B | 41% | 2% | 25.0 | 68 | -1% | 盈利激增 | 34 | |
| C | MLCOMelco Resorts & Entertainment Limited own_brand_service | 游戏博彩消费品牌 | $1.50B | 33% | 9% | 7.2 | 9 | -54% | 34 | ||
| C | SPHRSphere Entertainment Co. content_ip | 休闲消费品牌 | $4.50B | 49% | -4% | — | — | -29% | 34 | ||
| C | SSTKShutterstock, Inc. platform | 视频娱乐消费品牌 | $0.10B | 57% | -23% | — | — | -87% | 34 | ||
| C | VACMarriott Vacations Worldwide Corporation own_brand_service | 旅行消费品牌 | $4.00B | 38% | 7% | — | — | -6% | 34 | ||
| C | AOUTAmerican Outdoor Brands, Inc. own_brand_product | 休闲消费品牌 | $0.20B | 45% | -0% | — | — | -3% | 33 | ||
| C | GISGeneral Mills, Inc. own_brand_product | 食品消费品牌 | $18.4B | 34% | 10% | — | — | -30% | 33 | ||
| C | KEPKorea Electric Power Corporation 韩国输配电网受监管垄断，独家区域特许 | 特许经营/规模非消费护城河 | $13.0B | 21% | 4% | 0.0 | — | -56% | 33 | ||
| C | AHMAAmbitions Enterprise Management Co. L.L.C own_brand_service | 旅行消费品牌 | $0.00B | 22% | 3% | — | — | -97% | 32 | ||
| C | ARKOArko Corp. retail_channel | 零售消费品牌 | $0.40B | 9% | 3% | 56.2 | 72 | -54% | 盈利激增 | 32 | |
| C | CAGConagra Brands, Inc. own_brand_product | 食品消费品牌 | $7.00B | 24% | -11% | — | — | -26% | 32 | ||
| C | CNVSCineverse Corp. content_ip | 视频娱乐消费品牌 | $0.10B | 52% | -14% | — | — | -29% | 32 | ||
| C | GIBOGIBO Holdings Limited platform | 视频娱乐消费品牌 | $0.20B | 11% | 144% | 252166.7 | 64 | -90% | 32 | ||
| C | GRVYGravity Co., Ltd. content_ip | 游戏博彩消费品牌 | $0.50B | 35% | 4% | 0.0 | — | -6% | 32 | ||
| C | HEREHere Group Limited own_brand_product | 休闲消费品牌 | $0.10B | 67% | -16% | — | — | -72% | 32 | ||
| C | LSFLaird Superfood, Inc. own_brand_product | 食品消费品牌 | $0.00B | 37% | -2% | — | — | -50% | 32 | ||
| C | MOGUMOGU Inc. platform | 零售消费品牌 | $0.00B | 37% | -5% | — | — | -31% | 32 | ||
| C | MYPSPLAYSTUDIOS Inc content_ip | 游戏博彩消费品牌 | $0.10B | 75% | -23% | — | — | -40% | 32 | ||
| C | NMAXNewsmax, Inc. content_ip | 视频娱乐消费品牌 | $0.90B | 45% | -10% | — | — | -16% | 32 | ||
| C | NOMANomadar Corp. platform | 休闲消费品牌 | $0.00B | 38% | -20% | — | — | -91% | 32 | ||
| ? | OFRMOnce Upon A Farm Pbc own_brand_product | 食品消费品牌 | $0.40B | 40% | -8% | — | — | -63% | 32 | ||
| ? | PFAIPinnacle Food Group Limited Class A Common Shares own_brand_product | 农业消费品牌 | $0.00B | 46% | -17% | — | — | -46% | 32 | ||
| C | PLAYDave & Buster's Entertainment, Inc. own_brand_service | 休闲消费品牌 | $0.30B | 73% | 1% | — | — | -62% | 32 | ||
| C | POWWOutdoor Holding Company platform | 休闲消费品牌 | $0.30B | 48% | 1% | 92.0 | — | -11% | 32 | ||
| C | REBNReborn Coffee, Inc. own_brand_service | 餐饮消费品牌 | $0.00B | 56% | -27% | — | — | -67% | 32 | ||
| C | RENTRent the Runway, Inc. own_brand_service | 服装鞋履消费品牌 | $0.10B | 36% | -34% | 0.2 | — | -76% | 32 | ||
| C | RYMRYTHM, Inc. own_brand_product | 饮料消费品牌 | $0.00B | 25% | -30% | — | — | -60% | 32 | ||
| C | SWVLSwvl Holdings Corp. platform | 旅行消费品牌 | $0.00B | 39% | -16% | — | — | -37% | 32 | ||
| C | VITLVital Farms, Inc. own_brand_product | 食品消费品牌 | $0.40B | 33% | 0% | — | — | -74% | 32 | ||
| C | AMCXAMC Networks Inc. content_ip | 视频娱乐消费品牌 | $0.30B | 49% | 2% | — | — | -26% | 31 | ||
| C | BHBiglari Holdings Inc. own_brand_service | 餐饮消费品牌 | $1.20B | 34% | 3% | — | — | -24% | 31 | ||
| ? | CCHHCCH Holdings Ltd Ordinary Shares own_brand_service | 餐饮消费品牌 | $0.00B | 21% | -16% | — | — | -99% | 31 | ||
| C | DDCDDC Enterprise Limited own_brand_product | 食品消费品牌 | $0.00B | 28% | -18% | — | — | -98% | 31 | ||
| C | NUSNu Skin Enterprises, Inc. own_brand_product | 美妆个护消费品牌 | $0.20B | 69% | 5% | — | — | -65% | 31 | ||
| C | OTLYOatly Group AB own_brand_product | 饮料消费品牌 | $0.20B | 31% | -11% | — | — | -52% | 31 | ||
| C | PODCPodcastOne, Inc. content_ip | 视频娱乐消费品牌 | $0.10B | 10% | -13% | — | — | -54% | 31 | ||
| C | RJETRepublic Airways Holdings Inc. own_brand_service | 旅行消费品牌 | $0.90B | 19% | 2% | — | — | -19% | 31 | ||
| C | SNDLSNDL Inc. own_brand_product | 烟草大麻消费品牌 | $0.30B | 26% | -0% | — | — | -38% | 31 | ||
| C | ZVIAZevia PBC own_brand_product | 饮料消费品牌 | $0.10B | 47% | -21% | — | — | -60% | 31 | ||
| C | BGSB&G Foods, Inc. own_brand_product | 食品消费品牌 | $0.30B | 22% | 3% | — | — | -40% | 30 | ||
| C | BILIBilibili Inc. platform | 视频娱乐消费品牌 | $5.30B | 34% | 5% | 3.9 | — | -63% | 盈利激增 | 30 | |
| C | BLMNBloomin' Brands, Inc. own_brand_service | 餐饮消费品牌 | $0.90B | 14% | 2% | 33.5 | — | -13% | 30 | ||
| C | CTWCTW Cayman Class A Ordinary Shares platform | 游戏博彩消费品牌 | $0.10B | 71% | 5% | — | — | -51% | 30 | ||
| C | KRUSKura Sushi USA, Inc. own_brand_service | 餐饮消费品牌 | $0.30B | 12% | -1% | — | — | -67% | 30 | ||
| C | NWTGNewton Golf Company own_brand_product | 休闲消费品牌 | $0.00B | 55% | 6% | — | — | -50% | 30 | ||
| C | PRSUPursuit Attractions and Hospitality, Inc. own_brand_service | 休闲消费品牌 | $1.50B | 17% | 5% | 37.9 | 62 | -5% | 30 | ||
| C | SBETSharpLink Gaming Ltd. platform | 游戏博彩消费品牌 | $1.10B | 56% | 7% | — | — | -53% | 30 | ||
| C | BALYBally's Corporation own_brand_service | 休闲消费品牌 | $0.50B | 46% | -0% | — | — | -39% | 29 | ||
| C | CARAvis Budget Group, Inc. own_brand_service | 旅行消费品牌 | $4.40B | 27% | 7% | — | — | -82% | 29 | ||
| C | CURVTorrid Holdings Inc. own_brand_product | 服装鞋履消费品牌 | $0.20B | 36% | 6% | — | — | -18% | 29 | ||
| C | IDAIDACORP, Inc. 受监管独家供电区域，电网资产壁垒 | 特许经营/规模非消费护城河 | $8.60B | 19% | 4% | 24.3 | 88 | -5% | 29 | ||
| C | FLWS1-800-FLOWERS.COM, Inc. retail_channel | 零售消费品牌 | $0.20B | 37% | -18% | — | — | -49% | 28 | ||
| C | ONEWOneWater Marine Inc. retail_channel | 休闲消费品牌 | $0.20B | 24% | 4% | — | — | -40% | 28 | ||
| C | YTRAYatra Online, Inc. platform | 旅行消费品牌 | $0.10B | 50% | 5% | — | — | -57% | 28 | ||
| C | ACBAurora Cannabis Inc. own_brand_product | 烟草大麻消费品牌 | $0.30B | 54% | -16% | — | — | -11% | 27 | ||
| C | BRCCBRC Inc. own_brand_product | 饮料消费品牌 | $0.30B | 36% | -13% | — | — | -53% | 27 | ||
| C | BYAHPark Ha Biological Technology Co., Ltd. Ordinary Shares own_brand_product | 美妆个护消费品牌 | $0.00B | 89% | -145% | — | — | -99% | 27 | ||
| C | CGCCanopy Growth Corporation own_brand_product | 烟草大麻消费品牌 | $0.20B | 28% | -7% | — | — | -71% | 27 | ||
| C | HNSTThe Honest Company, Inc. own_brand_product | 美妆个护消费品牌 | $0.50B | 38% | -4% | — | — | -16% | 盈利激增 | 27 | |
| C | ILLRTriller Group Inc. platform | 视频娱乐消费品牌 | $0.00B | -194% | 52% | — | — | -100% | 27 | ||
| C | JMIAJumia Technologies AG platform | 零售消费品牌 | $0.30B | 57% | -167% | — | — | -64% | 27 | ||
| C | JOUTJohnson Outdoors Inc. own_brand_product | 休闲消费品牌 | $0.50B | 35% | -1% | — | — | -11% | 27 | ||
| C | KHCThe Kraft Heinz Company own_brand_product | 食品消费品牌 | $29.7B | 34% | -5% | — | — | -9% | 27 | ||
| C | MGLDThe Marygold Companies, Inc. own_brand_product | 美妆个护消费品牌 | $0.10B | 73% | -10% | — | — | -3% | 27 | ||
| C | TGLTreasure Global Inc. platform | 零售消费品牌 | $0.00B | 29% | -110% | — | — | -99% | 27 | ||
| C | TRUGTruGolf Holdings, Inc. own_brand_product | 休闲消费品牌 | $0.00B | 57% | -64% | — | — | -100% | 27 | ||
| C | UTZUtz Brands, Inc. own_brand_product | 食品消费品牌 | $1.30B | 28% | -4% | — | — | -0% | 27 | ||
| C | WYHGWing Yip Food Holdings Group Limited American Depositary Shares own_brand_product | 食品消费品牌 | $0.00B | 31% | 3% | 6.9 | 36 | -66% | 27 | ||
| C | YCBDcbdMD, Inc. own_brand_product | 烟草大麻消费品牌 | $0.00B | 58% | -28% | — | — | -84% | 27 | ||
| C | YYAIAiRWA Inc. own_brand_product | 休闲消费品牌 | $0.00B | 52% | -6% | — | — | -100% | 27 | ||
| C | BARKBARK, Inc. own_brand_product | 宠物消费品牌 | $0.10B | 63% | -23% | — | — | -51% | 26 | ||
| C | BQBoqii Holding Limited platform | 宠物消费品牌 | $0.00B | 22% | -14% | — | — | -84% | 26 | ||
| C | HUYAHUYA Inc. platform | 游戏博彩消费品牌 | $0.50B | 13% | -4% | — | — | -56% | 26 | ||
| C | SMPLThe Simply Good Foods Company own_brand_product | 食品消费品牌 | $1.10B | 35% | 3% | — | — | -41% | 26 | ||
| C | STKSThe ONE Group Hospitality, Inc. own_brand_service | 餐饮消费品牌 | $0.00B | 16% | 4% | — | — | -57% | 26 | ||
| C | TLRYTilray Brands, Inc. own_brand_product | 烟草大麻消费品牌 | $0.30B | 29% | -4% | — | — | -83% | 26 | ||
| C | UAAUnder Armour, Inc. own_brand_product | 服装鞋履消费品牌 | $2.10B | 47% | -1% | — | — | -40% | 26 | ||
| C | BMBLBumble Inc. platform | 休闲消费品牌 | $0.80B | 68% | 7% | — | — | -0% | 25 | ||
| C | CWSTCasella Waste Systems, Inc. 填埋场许可稀缺加收集密度规模优势 | 特许经营/规模非消费护城河 | $6.30B | 19% | 2% | 1075.1 | 100 | -7% | 25 | ||
| C | IBGInnovation Beverage Group Limited own_brand_product | 饮料消费品牌 | $0.00B | 23% | 12% | — | — | -94% | 25 | ||
| C | OGIOrganigram Global Inc. own_brand_product | 烟草大麻消费品牌 | $0.10B | 27% | -16% | 1.3 | — | -61% | 25 | ||
| C | OXMOxford Industries, Inc. own_brand_product | 服装鞋履消费品牌 | $0.40B | 63% | -0% | — | — | -41% | 25 | ||
| C | TVGrupo Televisa, S.A.B. own_brand_service | 视频娱乐消费品牌 | $1.20B | 37% | -2% | — | — | -35% | 25 | ||
| C | BRIDBridgford Foods Corporation own_brand_product | 食品消费品牌 | $0.00B | 23% | -11% | — | — | -37% | 24 | ||
| C | CLARClarus Corporation own_brand_product | 休闲消费品牌 | $0.20B | 25% | -2% | — | — | -4% | 24 | ||
| C | EPCEdgewell Personal Care Company own_brand_product | 美妆个护消费品牌 | $1.30B | 42% | 1% | — | — | -8% | 24 | ||
| C | SPWHSportsman's Warehouse Holdings, Inc. retail_channel | 零售消费品牌 | $0.00B | 30% | -2% | — | — | -52% | 24 | ||
| C | JWELJowell Global Ltd. retail_channel | 零售消费品牌 | $0.00B | 5% | -39% | — | — | -52% | 23 | ||
| C | LELands' End, Inc. own_brand_product | 服装鞋履消费品牌 | $0.30B | 47% | 6% | 0.8 | — | -53% | 盈利激增 | 23 | |
| C | ACHRArcher Aviation Inc. own_brand_service | 旅行消费品牌 | $3.20B | 239% | -54% | — | — | -55% | 22 | ||
| C | ARKRArk Restaurants Corp. own_brand_service | 餐饮消费品牌 | $0.00B | 34% | -2% | — | — | -44% | 22 | ||
| C | BBGIBeasley Broadcast Group, Inc. content_ip | 视频娱乐消费品牌 | $0.00B | 60% | -3% | — | — | -79% | 22 | ||
| C | BOFBranchOut Food Inc. own_brand_product | 食品消费品牌 | $0.00B | 11% | -74% | — | — | -60% | 22 | ||
| C | DDLDingdong (Cayman) Limited retail_channel | 食品消费品牌 | $0.40B | 15% | 3% | 0.7 | — | -45% | 盈利激增 | 22 | |
| C | DXLGDestination XL Group, Inc. retail_channel | 服装鞋履消费品牌 | $0.00B | 44% | -4% | — | — | -74% | 22 | ||
| C | FLYXflyExclusive, Inc. own_brand_service | 旅行消费品牌 | $0.10B | 9% | -16% | — | — | -86% | 22 | ||
| C | FOSLFossil Group, Inc. own_brand_product | 服装鞋履消费品牌 | $0.50B | 54% | -20% | — | — | -15% | 22 | ||
| C | GDHGGOLDEN HEAVEN GROUP HOLDINGS LTD. own_brand_service | 休闲消费品牌 | $0.00B | 58% | -4% | — | — | -82% | 22 | ||
| C | IPSTHeritage Distilling Holding Company, Inc. own_brand_product | 饮料消费品牌 | $0.00B | 37% | -319% | — | — | -99% | 22 | ||
| C | LIONLionsgate Studios Corp. content_ip | 视频娱乐消费品牌 | $4.20B | 33% | 4% | — | — | -15% | 22 | ||
| C | NIPGNIP Group Inc. content_ip | 游戏博彩消费品牌 | $0.00B | 4% | -106% | — | — | -93% | 22 | ||
| C | OCGOriental Culture Holding Ltd. platform | 零售消费品牌 | $0.00B | 87% | -6% | — | — | -100% | 22 | ||
| C | SEATVivid Seats Inc. platform | 休闲消费品牌 | $0.00B | 70% | -17% | — | — | -86% | 22 | ||
| C | SKINThe Beauty Health Company own_brand_product | 美妆个护消费品牌 | $0.10B | 61% | 2% | — | — | -49% | 22 | ||
| C | SOWGSow Good Inc. own_brand_product | 食品消费品牌 | $0.00B | -28% | 129% | — | — | -87% | 22 | ||
| C | STRZStarz Entertainment Corp. content_ip | 视频娱乐消费品牌 | $0.40B | 60% | -19% | — | — | -14% | 22 | ||
| C | TNMGTNL Mediagene content_ip | 视频娱乐消费品牌 | $0.00B | 36% | -31% | — | — | -96% | 22 | ||
| C | VLRSControladora Vuela Compañía de Aviación, S.A.B. de C.V. own_brand_service | 旅行消费品牌 | $0.90B | 9% | -1% | — | — | -25% | 22 | ||
| C | VRAVera Bradley, Inc. own_brand_product | 服装鞋履消费品牌 | $0.20B | 50% | -4% | — | — | -6% | 22 | ||
| C | XELBXcel Brands, Inc. own_brand_product | 服装鞋履消费品牌 | $0.00B | 90% | -24% | — | — | -86% | 22 | ||
| C | YJYunji Inc. platform | 零售消费品牌 | $0.00B | 47% | -14% | — | — | -69% | 22 | ||
| C | GMEGameStop Corp. retail_channel | 零售消费品牌 | $13.0B | 32% | 4% | 16.8 | 22 | -8% | 盈利激增 | 21 | |
| C | JXGJX Luxventure Limited own_brand_service | 旅行消费品牌 | $0.00B | 16% | -42% | — | — | -4% | 21 | ||
| C | LVLULulu's Fashion Lounge Holdings, Inc. own_brand_product | 服装鞋履消费品牌 | $0.00B | 43% | -27% | — | — | -69% | 21 | ||
| C | PKPark Hotels & Resorts Inc. own_brand_service | 酒店消费品牌 | $3.30B | 17% | 5% | — | — | -5% | 21 | ||
| C | TDAYUSA TODAY Co., Inc. content_ip | 视频娱乐消费品牌 | $1.00B | 36% | -5% | — | — | -22% | 21 | ||
| C | FUNSix Flags Entertainment Corporation own_brand_service | 休闲消费品牌 | $1.20B | 24% | -9% | — | — | -54% | 20 | ||
| C | HAINThe Hain Celestial Group, Inc. own_brand_product | 食品消费品牌 | $0.00B | 21% | -25% | — | — | -90% | 20 | ||
| C | NEGGNewegg Commerce, Inc. retail_channel | 零售消费品牌 | $0.20B | 12% | 0% | 19.8 | — | -90% | 20 | ||
| C | WBTNWEBTOON Entertainment Inc. Common stock platform | 视频娱乐消费品牌 | $1.30B | 25% | -4% | — | — | -41% | 20 | ||
| C | IQiQIYI, Inc. content_ip | 视频娱乐消费品牌 | $0.80B | 23% | -2% | — | — | -63% | 19 | ||
| C | PETSPetMed Express, Inc. retail_channel | 宠物消费品牌 | $0.00B | 27% | -94% | — | — | -76% | 19 | ||
| C | PETZTDH Holdings, Inc. own_brand_product | 宠物消费品牌 | $0.00B | 0% | -5% | — | — | -35% | 19 | ||
| C | PLCEThe Children's Place, Inc. own_brand_product | 服装鞋履消费品牌 | $0.00B | 28% | -17% | — | — | -97% | 19 | ||
| C | TKLFTokyo Lifestyle Co., Ltd. retail_channel | 零售消费品牌 | $0.00B | 14% | 3% | — | — | -56% | 19 | ||
| C | YHGJYunhong Green CTI Ltd. own_brand_product | 休闲消费品牌 | $0.00B | 16% | -4% | — | — | -40% | 19 | ||
| C | DOYUDouYu International Holdings Limited platform | 视频娱乐消费品牌 | $0.10B | 12% | -10% | — | — | -47% | 18 | ||
| C | AHGAkso Health Group platform | 零售消费品牌 | $1.10B | 1% | -2% | — | — | -47% | 17 | ||
| C | BATRAAtlanta Braves Holdings, Inc. content_ip | 休闲消费品牌 | $3.70B | 6% | 1% | — | — | -5% | 17 | ||
| C | BRLSBorealis Foods Inc. own_brand_product | 食品消费品牌 | $0.00B | 38% | -142% | — | — | -72% | 17 | ||
| C | BZFDBuzzFeed, Inc. content_ip | 视频娱乐消费品牌 | $0.00B | 43% | -24% | — | — | -75% | 17 | ||
| C | CHAICore AI Holdings content_ip | 游戏博彩消费品牌 | $0.00B | 8% | -235% | — | — | -95% | 17 | ||
| C | FUBOfuboTV Inc. platform | 视频娱乐消费品牌 | $0.80B | 12% | -2% | — | — | -84% | 17 | ||
| C | GRWGGrowGeneration Corp. retail_channel | 农业消费品牌 | $0.10B | 23% | -17% | — | — | -43% | 17 | ||
| C | GXAIGaxos.ai Inc. content_ip | 游戏博彩消费品牌 | $0.00B | -3840% | -157% | — | — | -79% | 17 | ||
| C | INCRInterCure Ltd. own_brand_product | 烟草大麻消费品牌 | $0.00B | 20% | -5% | — | — | -48% | 17 | ||
| C | MBMASTERBEEF GROUP own_brand_service | 餐饮消费品牌 | $0.10B | 40% | -9% | — | — | -57% | 17 | ||
| C | MSSMaison Solutions Inc. Class A Common Stock retail_channel | 零售消费品牌 | $0.00B | 22% | -7% | — | — | -97% | 17 | ||
| C | ROLRHigh Roller Technologies, Inc. platform | 游戏博彩消费品牌 | $0.00B | 37% | -5% | 10.8 | — | -87% | 17 | ||
| C | SLESuper League Enterprise, Inc. platform | 游戏博彩消费品牌 | $0.00B | 36% | -107% | — | — | -75% | 17 | ||
| C | SNALSnail, Inc. Class A Common Stock content_ip | 游戏博彩消费品牌 | $0.00B | 34% | -5% | — | — | -68% | 17 | ||
| C | SOARVolato Group, Inc. own_brand_service | 旅行消费品牌 | $0.00B | 26% | -119% | 0.2 | — | -88% | 17 | ||
| C | SSPThe E.W. Scripps Company content_ip | 视频娱乐消费品牌 | $0.30B | 40% | -31% | — | — | -30% | 17 | ||
| C | VENUVenu Holding Corporation own_brand_service | 休闲消费品牌 | $0.10B | 18% | -12% | — | — | -91% | 17 | ||
| C | WETOWebus International Limited Ordinary Shares own_brand_service | 旅行消费品牌 | $0.00B | 11% | -21% | — | — | -100% | 17 | ||
| C | WNWMeiwu Technology Company Limited platform | 食品消费品牌 | $0.00B | 23% | -38% | — | — | -99% | 17 | ||
| C | CATOThe Cato Corporation retail_channel | 服装鞋履消费品牌 | $0.00B | 32% | -4% | — | — | -40% | 16 | ||
| C | GIFTGiftify, Inc. platform | 餐饮消费品牌 | $0.00B | 15% | -28% | — | — | -48% | 16 | ||
| C | HZOMarineMax, Inc. retail_channel | 休闲消费品牌 | $1.20B | 34% | 3% | 310.2 | 100 | 0% | 16 | ||
| C | WBUYWEBUY GLOBAL Ltd. Ordinary Shares retail_channel | 零售消费品牌 | $0.00B | 6% | -55% | — | — | -86% | 16 | ||
| C | MANUManchester United plc content_ip | 休闲消费品牌 | $3.90B | 1% | -2% | — | — | -7% | 15 | ||
| C | RRGBRed Robin Gourmet Burgers, Inc. own_brand_service | 餐饮消费品牌 | $0.20B | 30% | -1% | — | — | -17% | 15 | ||
| C | SGSweetgreen, Inc. own_brand_service | 餐饮消费品牌 | $1.50B | 15% | -16% | 81.7 | — | -8% | 15 | ||
| C | ULCCFrontier Group Holdings, Inc. own_brand_service | 旅行消费品牌 | $1.70B | 0% | -7% | — | — | -9% | 15 | ||
| C | BNKKBonk, Inc. own_brand_product | 饮料消费品牌 | $0.00B | -140% | -92% | — | — | -88% | 14 | ||
| C | SGASaga Communications, Inc. content_ip | 视频娱乐消费品牌 | $0.00B | 19% | -1% | — | — | -45% | 14 | ||
| C | THCHTH International Limited own_brand_service | 餐饮消费品牌 | $0.00B | 12% | -45% | — | — | -57% | 14 | ||
| ? | KMRKK-TECH SOLUTIONS CO LTD own_brand_product | 休闲消费品牌 | $0.00B | — | 11% | — | — | -68% | 13 | ||
| C | BIRDAllbirds, Inc. own_brand_product | 服装鞋履消费品牌 | $0.00B | 33% | -181% | — | — | -92% | 12 | ||
| C | BTBDBT Brands, Inc. own_brand_service | 餐饮消费品牌 | $0.00B | 21% | -1% | — | — | -33% | 12 | ||
| C | DOGZDogness (International) Corporation own_brand_product | 宠物消费品牌 | $0.00B | 26% | -7% | — | — | -97% | 12 | ||
| C | GENKGEN Restaurant Group, Inc. own_brand_service | 餐饮消费品牌 | $0.00B | 8% | -10% | — | — | -65% | 12 | ||
| C | GNLNGreenlane Holdings, Inc. own_brand_product | 烟草大麻消费品牌 | $0.00B | -117% | -221% | — | — | -97% | 12 | ||
| C | IHTInnSuites Hospitality Trust own_brand_service | 酒店消费品牌 | $0.00B | 34% | -4% | — | — | -47% | 12 | ||
| C | JBLUJetBlue Airways Corporation own_brand_service | 旅行消费品牌 | $1.40B | 31% | -5% | — | — | -42% | 12 | ||
| C | LVOLiveOne, Inc. platform | 视频娱乐消费品牌 | $0.00B | 20% | -85% | — | — | -58% | 12 | ||
| C | PAVSParanovus Entertainment Technology Ltd. content_ip | 游戏博彩消费品牌 | $0.00B | -533% | -10% | — | — | -100% | 12 | ||
| C | PEWGrabAGun Digital Holdings Inc. retail_channel | 零售消费品牌 | $0.00B | 6% | -9% | — | — | -65% | 12 | ||
| C | RDIReading International, Inc. own_brand_service | 休闲消费品牌 | $0.10B | 11% | 1% | — | — | -16% | 12 | ||
| C | RUMRumble Inc. platform | 视频娱乐消费品牌 | $2.50B | -17% | -10% | — | — | -44% | 12 | ||
| C | RYDERyde Group Ltd. platform | 旅行消费品牌 | $0.20B | -106% | -51% | — | — | -28% | 12 | ||
| C | SRFMSurf Air Mobility Inc. platform | 旅行消费品牌 | $0.10B | 2% | -152% | — | — | -83% | 12 | ||
| ? | TDICDreamland Limited Class A Ordinary Shares own_brand_service | 休闲消费品牌 | $0.00B | 14% | -256% | — | — | -100% | 12 | ||
| C | WSHPWeShop Holdings Limited Class A Ordinary Shares platform | 零售消费品牌 | $0.10B | -623% | -12% | — | — | -99% | 12 | ||
| C | SJScienjoy Holding Corporation platform | 视频娱乐消费品牌 | $0.00B | 17% | -12% | — | — | -32% | 11 | ||
| C | NDLSNoodles & Company own_brand_service | 餐饮消费品牌 | $0.10B | 14% | 8% | — | — | -35% | 10 | ||
| C | SEGSeaport Entertainment Group Inc. own_brand_service | 休闲消费品牌 | $0.30B | -7% | -135% | — | — | -30% | 10 | ||
| ? | HBNBHotel101 Global Holdings Corp. Class A Ordinary Shares own_brand_service | 酒店消费品牌 | $1.00B | — | 6% | — | — | -57% | 8 | ||
| C | BYNDBeyond Meat, Inc. own_brand_product | 食品消费品牌 | $0.10B | 6% | -44% | — | — | -87% | 7 | ||
| C | DBGIDigital Brands Group, Inc. own_brand_product | 服装鞋履消费品牌 | $0.00B | 19% | -122% | — | — | -100% | 7 | ||
| C | EDBLEdible Garden AG Incorporated own_brand_product | 食品消费品牌 | $0.00B | -2% | -79% | — | — | -100% | 7 | ||
| C | GITSGlobal Interactive Technologies, Inc. platform | 视频娱乐消费品牌 | $0.00B | -104231% | -61% | — | — | -71% | 7 | ||
| C | HTZHertz Global Holdings, Inc. own_brand_service | 旅行消费品牌 | $0.50B | 8% | 1% | — | — | -81% | 7 | ||
| C | IMCCIM Cannabis Corp. own_brand_product | 烟草大麻消费品牌 | $0.00B | 17% | -1% | — | — | -99% | 7 | ||
| C | JOBYJoby Aviation, Inc. own_brand_service | 旅行消费品牌 | $5.20B | -5382% | -38% | — | — | -69% | 7 | ||
| C | NTRPNextTrip, Inc. platform | 旅行消费品牌 | $0.00B | -79% | -140% | — | — | -79% | 7 | ||
| C | RMCFRocky Mountain Chocolate Factory, Inc. own_brand_product | 食品消费品牌 | $0.00B | 17% | -33% | — | — | -75% | 7 | ||
| C | SLMTBrera Holdings PLC content_ip | 休闲消费品牌 | $0.00B | -38% | -334% | — | — | -96% | 7 | ||
| C | UPWheels Up Experience Inc. own_brand_service | 旅行消费品牌 | $0.10B | 4% | -151% | — | — | -91% | 7 | ||
| C | VEEETwin Vee Powercats Co. own_brand_product | 休闲消费品牌 | $0.00B | -1% | -60% | — | — | -93% | 7 | ||
| C | VMARVision Marine Technologies Inc. own_brand_product | 休闲消费品牌 | $0.00B | -176% | -35% | — | — | -100% | 7 | ||
| C | YHCLQR House Inc. own_brand_product | 饮料消费品牌 | $0.00B | 0% | -8% | — | — | -99% | 7 | ||
| ? | TGEGeneration Essentials Group content_ip | 视频娱乐消费品牌 | $0.00B | — | 3% | — | — | -84% | 5 | ||
| ? | THHTryHard Holdings Limited own_brand_service | 休闲消费品牌 | $0.00B | — | -1% | — | — | -100% | 5 | ||
| C | AKANAkanda Corp. own_brand_product | 烟草大麻消费品牌 | $0.00B | -1170% | -232% | — | — | -98% | 2 | ||
| C | JTAIJet.AI Inc. platform | 旅行消费品牌 | $0.00B | -5% | -25% | 0.0 | — | -100% | 2 | ||
| C | SPCEVirgin Galactic Holdings, Inc. own_brand_service | 旅行消费品牌 | $0.20B | -6447% | -39% | — | — | -76% | 2 | ||
| C | XXII22nd Century Group, Inc. own_brand_product | 烟草大麻消费品牌 | $0.00B | -28% | -60% | — | — | -100% | 2 |