ROIC Growers: November 13, 2025

With a quick Look at another company with a hidden monopoly

It isn’t about the size of the competitive advantage. It’s really about what direction that competitive advantage is heading in.

Paul Black, WCM Investment Management

We want to invest in companies that are growing their competitive advantage.

One way to quantify this is a growing ROIC.

The spreadsheet below is a simple screen that selects for companies that have grown their ROIC over the last 3 years with a market cap over $1 billion. I’ve sorted it by highest to lowest ROIC.

Paid subscribers will have access to the Excel file and can sort it any way they want.

I also briefly discuss another company on the list that has a hidden monopoly. I cover the main factor that makes it a high-quality company and helps it grow its ROIC, plus potential new developing catalysts for future growth.