Disruption Aristocrats
The world’s top disruptive stocks.
The Disruption Aristocrats index spotlights large-cap companies that have turned innovation into durable, long-term growth.
These aren’t speculative startups—they’re high-quality disruptors that keep compounding through every market cycle.
We refresh the list of the world’s top disruptive stocks each quarter to show which companies are leading the next phase of global innovation.
We use the term “top disruptive stocks” to describe companies that consistently meet our highest disruption thresholds across revenue growth, R&D intensity, moat, stock performance, and financial stability.
Latest report
Past reports
How we select Disruption Aristocrats
Each Disruption Aristocrat has to meet five strict, data-driven criteria.
Unlike our Disruption Score, which focuses on real-time disruption, Aristocrats must prove their dominance can persist across years, market cycles, and at scale.
1) Sustained growth
5-year average revenue growth ≥ 10%
True disruptors keep expanding even at scale. Maintaining double-digit revenue growth shows their products and platforms still capture share in large markets, not just defend old ones.
2) Investing in the future
R&D ≥ 5% of revenue
Aristocrats don’t coast. They keep inventing. Consistently reinvesting at least 5% of revenue into research and development signals a long-term commitment to innovation and building tomorrow’s profit engines.
3) Wide moat
EBITDA margin ≥ 30%
Strong margins are proof of power. Companies earning 30%+ EBITDA margins typically dominate their niches through unique tech, loyal ecosystems, or unmatched efficiency. This gives them room to spend on R&D and outlast competitors.
4) Proven market leadership
Outperformed the S&P 500 over the past 5 years
Innovation only matters if it shows up in returns. Aristocrats have proved they can turn disruption into performance, consistently beating the broader market over multiple cycles.
5) Large-cap stability
Market cap above $10 billion
When markets shake, size matters. Large-cap companies have the financial muscle to absorb shocks, maintain access to capital, and keep reinvesting even when markets turn choppy. Smaller disruptors rarely share these traits.
Together, these five factors identify durable, high-quality disruptors that have proven themselves over time.
All Disruption Aristocrats once scored highly on the Disruption Score—but only a subset of disruptors ever earn Aristocrat status.
Why it matters
Quality disruptors tend to outperform the broader stock market. If you look at the best-performing stocks of the last decade, most have profited from disruption.
Companies on the Disruption Aristocrats list balance innovation with stability. They offer exposure to long-term megatrends without the volatility of early-stage stocks.
Methodology overview
Each company is scored across quality, profitability, and reinvestment intensity. We screen global large-caps quarterly, verify financials from public filings, and publish any adds or removals with commentary in the quarterly report.
You can read more about last quarter's top disruptive stocks by clicking the link below.
Current Disruption Aristocrats (Q3 2025)
Nvidia (NVDA) – The undisputed leader in AI chips, powering everything from cloud data centers to robotics and autonomous vehicles.
Arista Networks (ANET) – Its high-speed switches and software form the backbone of modern cloud networks used by Amazon, Meta, and Microsoft.
Broadcom (AVGO) – Designs the semiconductors that make global connectivity work—from smartphones to routers to data infrastructure.
Rambus (RMBS) – Specializes in high-performance memory and security tech, helping the world’s fastest chips move data more efficiently.
Eli Lilly (LLY) – A pharmaceutical powerhouse driving medical breakthroughs in diabetes, obesity, and neuroscience—areas with massive global demand.
KLA Corporation (KLAC) – Makes the inspection tools chipmakers use to find microscopic flaws—critical for producing cutting-edge semiconductors.
United Therapeutics (UTHR) – Pioneering advanced therapies for rare diseases and developing lab-grown organs to solve transplant shortages.
Lam Research (LRCX) – Provides wafer fabrication equipment essential to producing advanced chips used in AI, 5G, and automotive electronics.
Micron Technology (MU) – Supplies the DRAM and NAND memory that power AI workloads, smartphones, and next-gen data storage systems.
Ubiquiti (UI) – Builds plug-and-play networking hardware used by small businesses and communities worldwide—cutting costs without cutting performance.
Applied Materials (AMAT) – The global leader in materials engineering, enabling chipmakers to build smaller, faster, and more efficient processors.
Fortinet (FTNT) – Delivers integrated cybersecurity systems that protect corporate networks and data centers across the digital economy.
Alphabet (GOOGL) – Combines massive data scale with AI leadership, spanning everything from search and cloud to autonomous driving.
Cadence Design Systems (CDNS) – Provides the software and simulation tools every chip designer depends on to bring new processors to life.
Meta Platforms (META) – Owns the world’s largest social networks and is building the next era of communication through AI and mixed reality.
Microsoft (MSFT) – Anchors enterprise computing with Azure, Office, and AI integrations—an ecosystem few businesses can operate without.
PTC (PTC) – Brings digital transformation to manufacturing, helping companies design, monitor, and optimize connected industrial systems.
Netflix (NFLX) – Turned streaming into a global habit—and now combines unmatched reach with data-driven content production.
Quality disruptors tend to outperform the broader stock market. If you look at the best-performing stocks of the last decade, most have profited from disruption.
Companies on the Disruption Aristocrats list balance innovation with stability. They offer exposure to long-term megatrends without the volatility of early-stage stocks.