Top Companies by Net Cash in Healthcare
Largest public companies ranked by net cash in Healthcare on a latest reported quarter basis. Compare top issuers, sector peers and historical context on…
How net cash is measured
Net cash is the most-recent-quarter cash and short-term investments minus total debt (short-term plus long-term borrowings). Only companies with positive net cash appear on this leaderboard — those whose liquid balance covers every dollar of debt with cash to spare. The figure is a single point-in-time snapshot rather than a trailing aggregate.
Net cash is balance-sheet optionality: it funds buybacks during a sell-off, dividends in a downturn, M&A without dilution. Read alongside cash on hand and total debt to see the gross composition. Values use the quarter-end (closing) FX rate to translate non-USD balance sheets into U.S. dollars (IAS 21). Rankings USD translation methodology · IFRS IAS 21 (official)
Snapshot from each company's most recent quarterly balance sheet, as of .
Sector scopeHealthcareChange sectorChange sector
Top companies by Net Cash — Healthcare
- Centene
CNC
- Sector
- Healthcare
- Net Cash
- $7.37B
- As of
- Sector
- Healthcare
- Net Cash
- $5.90B
- As of
- Sector
- Healthcare
- Net Cash
- $4.59B
- As of
- Sector
- Healthcare
- Net Cash
- $4.55B
- As of
- Incyte
INCY
- Sector
- Healthcare
- Net Cash
- $3.98B
- As of
- Moderna
MRNA
- Sector
- Healthcare
- Net Cash
- $3.88B
- As of
- Sector
- Healthcare
- Net Cash
- $3.72B
- As of
- Sector
- Healthcare
- Net Cash
- $3.52B
- As of
- Sector
- Healthcare
- Net Cash
- $2.73B
- As of
- Sector
- Healthcare
- Net Cash
- $1.63B
- As of
- Sector
- Healthcare
- Net Cash
- $1.37B
- As of
- Align Technology
ALGN
- Sector
- Healthcare
- Net Cash
- $980.46M
- As of
- Insmed
INSM
- Sector
- Healthcare
- Net Cash
- $661.89M
- As of
- DexCom
DXCM
- Sector
- Healthcare
- Net Cash
- $609.00M
- As of
- ResMed
RMD
- Sector
- Healthcare
- Net Cash
- $424.54M
- As of
- Sector
- Healthcare
- Net Cash
- $205.20M
- As of
| # | Company | Sector | Net Cash | As of |
|---|---|---|---|---|
| 1 | Centene (CNC) | Healthcare | $7.37B | |
| 2 | Regeneron Pharmaceuticals (REGN) | Healthcare | $5.90B | |
| 3 | Johnson & Johnson (JNJ) | Healthcare | $4.59B | |
| 4 | Intuitive Surgical (ISRG) | Healthcare | $4.55B | |
| 5 | Incyte (INCY) | Healthcare | $3.98B | |
| 6 | Moderna (MRNA) | Healthcare | $3.88B | |
| 7 | Elevance Health (ELV) | Healthcare | $3.72B | |
| 8 | Edwards Lifesciences (EW) | Healthcare | $3.52B | |
| 9 | Vertex Pharmaceuticals (VRTX) | Healthcare | $2.73B | |
| 10 | Alnylam Pharmaceuticals (ALNY) | Healthcare | $1.63B | |
| 11 | Molina Healthcare (MOH) | Healthcare | $1.37B | |
| 12 | Align Technology (ALGN) | Healthcare | $980.46M | |
| 13 | Insmed (INSM) | Healthcare | $661.89M | |
| 14 | DexCom (DXCM) | Healthcare | $609.00M | |
| 15 | ResMed (RMD) | Healthcare | $424.54M | |
| 16 | West Pharmaceutical Services (WST) | Healthcare | $205.20M |