The Debt Free Compounder with Hidden Upside You Can't Live Without
Debt-Free, Cash-Rich, and Quietly Dominating
It’s not often you come across a company that quietly dominates one of the most boring but one of the most essential materials in modern life. From highways to skyscrapers, from steel to environmental cleanup, this product is everywhere. While demand keeps climbing, new competition is almost impossible thanks to regulatory and logistical hurdles.
The company I’ll be covering today has used this to its advantage, running debt-free, piling up cash, and delivering some massive growth in revenues and earnings. With more room to expand production and an industry forecasted to keep growing, this might be one of the most attractive stocks to hold onto long-term.
This company may not be a glamorous one, but they’re essential, and they’ve quietly turned this necessity into a powerful business model. With no debt, $320M in cash, and strong barriers to entry from regulation and transportation costs, this operator has built in moat that’s hard to crack.
Over the last four years, surging prices for this company’s product have fueled explosive growth. We’re talking about a:
a 98% increase in revenues
a 264% increase in operating income
a 286% increase in net income
a 281% increase in EPS
That momentum hasn’t slowed in 2025 either, with another 36% increase in profits year-to-date. This company continues to expand through acquisitions while staying debt free by using the company’s available cash on hand. This increased capacity met with the continued rise in price for the company’s product should result in a story of continuous growth for years to come.