Research · refreshed nightly · July 28, 2026
The Costco Playbook: Scale Economics Winners (July 2026)
Scale economics businesses.
Charge less, earn thin margins on purpose, and let scale turn volume into a moat. Fifty companies on our list run the Costco playbook, and the current best expression is Chinese hotelier Atour, with an MGI of 72 at a $5B cap, tied with HEICO, the $38B aerospace parts compounder. Shopify at $154B and MercadoLibre at $88B prove the model travels.
Reading scale-economics names means forgiving the gross margin and watching operating leverage instead; the archetype wins by improving economics as it grows, not by pricing power. The median MGI of 65 puts this group a notch below the asset-light elite, which is the point: these compound the hard way. Click any name for the full citation-backed analysis.
50companies qualify
67median MGI
14joined this week
The ranking
Sorted by MGI
1
Goodwin PLCGDWN.GB🇬🇧
Revenue +13%/yr · +13%/yr per share · scale economics
G 76V 59O 80Cap $2.0B
MGI
76
MVI
59
MTI
29
MOI
80
Cap
$2.0B
Growth
+15%2
MercadoLibre, Inc.MELI🇺🇾
Revenue +35%/yr · +35%/yr per share · scale economics
G 73V 72O 84Cap $90.0B
MGI
73
MVI
72
MTI
38
MOI
84
Cap
$90.0B
Growth
+49%3
Shopify Inc.SHOP🇨🇦
Revenue +22%/yr · +21%/yr per share · scale economics
G 73V 51O 74Cap $159.5B
MGI
73
MVI
51
MTI
38
MOI
74
Cap
$159.5B
Growth
+34%4
Atour Lifestyle Holdings LtdATAT🇨🇳
Revenue +38%/yr · +31%/yr per share · scale economics
G 72V 66O 80Cap $4.6B
MGI
72
MVI
66
MTI
42
MOI
80
Cap
$4.6B
Growth
+48%5
HEICO CorporationHEI🇺🇸
Revenue +21%/yr · +21%/yr per share · scale economics
G 72V 51O 73Cap $43.8B
MGI
72
MVI
51
MTI
28
MOI
73
Cap
$43.8B
Growth
+25%6
Global-E Online Ltd.GLBE🇮🇱
Revenue +33%/yr · +19%/yr per share · scale economics
G 70V 66O 76Cap $5.8B
MGI
70
MVI
66
MTI
45
MOI
76
Cap
$5.8B
Growth
+33%7
TWFG, Inc.TWFG🇺🇸
Revenue +16%/yr · -70%/yr per share · scale economics
G 70V 77O 78Cap $303M
MGI
70
MVI
77
MTI
43
MOI
78
Cap
$303M
Growth
+36%8
Pure Cycle CorporationPCYO🇺🇸
Revenue +18%/yr · +18%/yr per share · scale economics
G 70V 59O 72Cap $257.3M
MGI
70
MVI
59
MTI
28
MOI
72
Cap
$257.3M
Growth
+60%9
Diploma PLCDPLM.GB🇬🇧
Revenue +15%/yr · +13%/yr per share · scale economics
G 70V 55O 73Cap $12.1B
MGI
70
MVI
55
MTI
37
MOI
73
Cap
$12.1B
Growth
+12%10
Constellation Software Inc.CSU.CA🇨🇦
Revenue +19%/yr · +19%/yr per share · scale economics
G 70V 60O 75Cap $47.1B
MGI
70
MVI
60
MTI
38
MOI
75
Cap
$47.1B
Growth
+20%11
Grab Holdings LimitedGRAB🇸🇬
Revenue +39%/yr · -8%/yr per share · scale economics
G 70V 63O 75Cap $14.3B
MGI
70
MVI
63
MTI
46
MOI
75
Cap
$14.3B
Growth
+24%12
Paymentus Holdings, Inc.PAY🇺🇸
Revenue +26%/yr · +24%/yr per share · scale economics
G 69V 63O 76Cap $3.6B
MGI
69
MVI
63
MTI
42
MOI
76
Cap
$3.6B
Growth
+30%13
Tatton Asset Management plcTAM.GB🇬🇧
Revenue +14%/yr · +14%/yr per share · scale economics
G 69V 65O 74Cap $529.7M
MGI
69
MVI
65
MTI
37
MOI
74
Cap
$529.7M
Growth
+20%14
Nordrest Holding ABNREST.SE🇸🇪
Revenue +38%/yr · +31%/yr per share · scale economics
G 69V 68O 74Cap $373.8M
MGI
69
MVI
68
MTI
45
MOI
74
Cap
$373.8M
Growth
+30%15
Toast, Inc.TOST🇺🇸
Revenue +30%/yr · +13%/yr per share · scale economics
G 68V 63O 74Cap $16.6B
MGI
68
MVI
63
MTI
45
MOI
74
Cap
$16.6B
Growth
+30%16
Comfort Systems USA, Inc.FIX🇺🇸
Revenue +30%/yr · +30%/yr per share · scale economics
G 68V 56O 72Cap $65.3B
MGI
68
MVI
56
MTI
46
MOI
72
Cap
$65.3B
Growth
+57%17
dLocalDLO🇺🇾
Revenue +38%/yr · +39%/yr per share · scale economics
G 68V 77O 79Cap $4.1B
MGI
68
MVI
77
MTI
48
MOI
79
Cap
$4.1B
Growth
+55%18
RENK Group AGR3NK.DE🇩🇪
Revenue +15%/yr · +251%/yr per share · scale economics
G 68V 58O 72Cap $5.5B
MGI
68
MVI
58
MTI
34
MOI
72
Cap
$5.5B
Growth
+4%19
Federal Signal Corp.FSS🇺🇸
Revenue +14%/yr · +14%/yr per share · scale economics
G 68V 53O 70Cap $6.9B
MGI
68
MVI
53
MTI
38
MOI
70
Cap
$6.9B
Growth
+35%20
Amphenol CorporationAPH🇺🇸
Revenue +19%/yr · +18%/yr per share · scale economics
G 67V 49O 66Cap $169.5B
MGI
67
MVI
49
MTI
40
MOI
66
Cap
$169.5B
Growth
+58%21
PFISTERER Holding SEPFSE.DE🇩🇪
Revenue +334%/yr · +307%/yr per share · scale economics
G 67V 62O 71Cap $1.5B
MGI
67
MVI
62
MTI
38
MOI
71
Cap
$1.5B
Growth
+27%22
Dollarama Inc.DOL.CA🇨🇦
Revenue +12%/yr · +15%/yr per share · scale economics
G 67V 49O 66Cap $34.7B
MGI
67
MVI
49
MTI
38
MOI
66
Cap
$34.7B
Growth
+21%23
Saab ABSAAB.B.SE🇸🇪
Revenue +18%/yr · +17%/yr per share · scale economics
G 67V 53O 68Cap $35.4B
MGI
67
MVI
53
MTI
38
MOI
68
Cap
$35.4B
Growth
-8%24
Lumine Group Inc.LMN.CA🇨🇦
Revenue +28%/yr · +26%/yr per share · scale economics
G 67V 60O 71Cap $5.0B
MGI
67
MVI
60
MTI
42
MOI
71
Cap
$5.0B
Growth
+11%25
Rolls-Royce Holdings plcRR.GB🇬🇧
Revenue +13%/yr · +6%/yr per share · scale economics
G 67V 54O 69Cap $141.5B
MGI
67
MVI
54
MTI
35
MOI
69
Cap
$141.5B
Growth
+12%26
M-tron Industries, Inc.MPTI🇺🇸
Revenue +16%/yr · +10%/yr per share · scale economics
G 67V 58O 69Cap $368.7M
MGI
67
MVI
58
MTI
42
MOI
69
Cap
$368.7M
Growth
+15%27
Zurn Elkay Water Solutions CorporationZWS🇺🇸
Revenue +14%/yr · +7%/yr per share · scale economics
G 67V 55O 69Cap $7.8B
MGI
67
MVI
55
MTI
32
MOI
69
Cap
$7.8B
Growth
+11%28
Vertiv Holdings CoVRT🇺🇸
Revenue +17%/yr · +15%/yr per share · scale economics
G 67V 55O 70Cap $103.3B
MGI
67
MVI
55
MTI
48
MOI
70
Cap
$103.3B
Growth
+17%29
Versamet Royalties CorporationVMET🇨🇦
Revenue +160%/yr · +88%/yr per share · scale economics
G 66V 69O 71Cap $1.2B
MGI
66
MVI
69
MTI
43
MOI
71
Cap
$1.2B
Growth
+160%30
Apollo Global Management, Inc.APO🇺🇸
Revenue +40%/yr · +16%/yr per share · scale economics
G 66V 62O 71Cap $67.9B
MGI
66
MVI
62
MTI
53
MOI
71
Cap
$67.9B
Growth
-9%31
Willdan Group, Inc.WLDN🇺🇸
Revenue +14%/yr · +10%/yr per share · scale economics
G 65V 57O 68Cap $1.1B
MGI
65
MVI
57
MTI
45
MOI
68
Cap
$1.1B
Growth
+2%32
IES Holdings, Inc.IESC🇺🇸
Revenue +16%/yr · +18%/yr per share · scale economics
G 65V 57O 67Cap $10.8B
MGI
65
MVI
57
MTI
44
MOI
67
Cap
$10.8B
Growth
+17%33
LB
Lubawa S.A.LBW.PL🇵🇱
Revenue +19%/yr · +19%/yr per share · scale economics
G 65V 69O 71Cap $343.1M
MGI
65
MVI
69
MTI
33
MOI
71
Cap
$343.1M
Growth
+19%34
Sterling Infrastructure, Inc.STRL🇺🇸
Revenue +15%/yr · +14%/yr per share · scale economics
G 65V 47O 64Cap $19.5B
MGI
65
MVI
47
MTI
45
MOI
64
Cap
$19.5B
Growth
+92%35
Addtech ABADDT.B.SE🇸🇪
Revenue +12%/yr · +12%/yr per share · scale economics
G 65O 65Cap $9.3B
MGI
65
MTI
38
MOI
65
Cap
$9.3B
Growth
+7%36
Kits Eyecare Ltd.KITS.CA🇨🇦
Revenue +21%/yr · +18%/yr per share · scale economics
G 65V 55O 66Cap $351.2M
MGI
65
MVI
55
MTI
43
MOI
66
Cap
$351.2M
Growth
+23%37
Medpace Holdings, Inc.MEDP🇺🇸
Revenue +19%/yr · +26%/yr per share · scale economics
G 64V 59O 69Cap $15.6B
MGI
64
MVI
59
MTI
44
MOI
69
Cap
$15.6B
Growth
+27%38
Firan Technology Group CorporationFTG.CA🇨🇦
Revenue +20%/yr · +20%/yr per share · scale economics
G 64V 54O 65Cap $444.7M
MGI
64
MVI
54
MTI
38
MOI
65
Cap
$444.7M
Growth
+23%39
Accelleron Industries AGACLN.CH🇨🇭
Revenue +17%/yr · +17%/yr per share · scale economics
G 64V 52O 65Cap $8.5B
MGI
64
MVI
52
MTI
30
MOI
65
Cap
$8.5B
Growth
+24%40
Stille ABSTIL.SE🇸🇪
Revenue +29%/yr · +15%/yr per share · scale economics
G 64V 61O 67Cap $206M
MGI
64
MVI
61
MTI
36
MOI
67
Cap
$206M
Growth
+11%41
Dar Global PLCDAR.AE🇦🇪
Revenue +89%/yr · +109%/yr per share · scale economics
G 64V 65O 69Cap $1.4B
MGI
64
MVI
65
MTI
52
MOI
69
Cap
$1.4B
Growth
+124%42
BQE Water Inc.BQE.CA🇨🇦
Revenue +34%/yr · +48%/yr per share · scale economics
G 64V 72O 70Cap $65.8M
MGI
64
MVI
72
MTI
38
MOI
70
Cap
$65.8M
Growth
-35%43
ExlService Holdings, Inc.EXLS🇺🇸
Revenue +14%/yr · +15%/yr per share · scale economics
G 63V 61O 67Cap $4.5B
MGI
63
MVI
61
MTI
47
MOI
67
Cap
$4.5B
Growth
+14%44
Aritzia Inc.ATZ.CA🇨🇦
Revenue +25%/yr · +24%/yr per share · scale economics
G 63V 58O 65Cap $11.8B
MGI
63
MVI
58
MTI
44
MOI
65
Cap
$11.8B
Growth
+25%45
Spotify Technology S.A.SPOT🇸🇪
Revenue +13%/yr · +11%/yr per share · scale economics
G 63V 61O 68Cap $107.6B
MGI
63
MVI
61
MTI
42
MOI
68
Cap
$107.6B
Growth
+8%46
XPEL, Inc.XPEL🇺🇸
Revenue +14%/yr · +14%/yr per share · scale economics
G 63V 66O 69Cap $1.2B
MGI
63
MVI
66
MTI
46
MOI
69
Cap
$1.2B
Growth
+13%47
The Vita Coco Company, Inc.COCO🇺🇸
Revenue +13%/yr · +11%/yr per share · scale economics
G 63V 55O 65Cap $3.8B
MGI
63
MVI
55
MTI
44
MOI
65
Cap
$3.8B
Growth
+37%48
Sea LimitedSE🇸🇬
Revenue +20%/yr · +16%/yr per share · scale economics
G 62V 64O 67Cap $57.3B
MGI
62
MVI
64
MTI
52
MOI
67
Cap
$57.3B
Growth
+47%
Changed this week
Week over week, from the nightly refresh.
Entered
Safran SA (SAF.FR) · joined at #50 · Revenue +17%/yr · +19%/yr per share · scale economics
EnteredDar Global PLC (DAR.AE) · joined at #41 · Revenue +89%/yr · +109%/yr per share · scale economics
EnteredWilldan Group, Inc. (WLDN) · joined at #31 · Revenue +14%/yr · +10%/yr per share · scale economics
EnteredSpotify Technology S.A. (SPOT) · joined at #45 · Revenue +13%/yr · +11%/yr per share · scale economics
EnteredTWFG, Inc. (TWFG) · joined at #7 · Revenue +16%/yr · -70%/yr per share · scale economics
+7 more
DOL.CA, APH, MEDP, STIL.SE, COCO, FRP.GB, GDWN.GB also joined
Left
APN.GB, SGN.PL, RERE, MSI.GB, RBC, FRP.GB, LAGR.B.SE, MILDEF.SE, VICR, UBER, UFPT, KIT.NO
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-07-28.