Bought their growth
Goodwill from past deals at or above all book equity — the business on the balance sheet is mostly the premium paid for other businesses — or acquisitions already conceded by write-down.
The thresholdFires when goodwill stands at or above all book equity, or when past deals have already been conceded by write-down — a write-down against negative book equity, or one worth at least 5% of it. Ordered by goodwill against equity where it exceeds it, then by the written-down share of the cash put in.
From the latest filings · data as of August 17, 2026.
- BALY Bally's Corporation goodwill $3.4B vs all book equity $31M; $463M of past deals written down (16% of the cash put in)
- PACB Pacific Biosciences of California Inc. goodwill $318M vs all book equity $5M; $160M of past deals written down
- CL Colgate-Palmolive Co. goodwill $3.1B vs all book equity $54M; $1.3B of past deals written down (33% of the cash put in)
- CCSI Consensus Cloud Solutions Inc. goodwill $353M vs all book equity $14M
- CLX Clorox Co. goodwill $1.9B vs all book equity $90M; $534M of past deals written down (19% of the cash put in)
- HBI Hanesbrands goodwill $638M vs all book equity $34M; $265M of past deals written down (19% of the cash put in)
- FIP FTAI Infrastructure Inc. Common Stock goodwill $366M vs all book equity $21M
- GDDY GoDaddy Inc. goodwill $3.6B vs all book equity $215M
- BLKB Blackbaud Inc. goodwill $1.1B vs all book equity $85M
- HALO Halozyme goodwill $580M vs all book equity $49M
- LYV Live Nation goodwill $2.9B vs all book equity $271M; $31M of past deals written down (2% of the cash put in)
- COR Cencora Inc. goodwill $13.7B vs all book equity $1.5B; $1.3B of past deals written down (9% of the cash put in)
- IT Gartner Inc. goodwill $2.7B vs all book equity $320M; $150M of past deals written down (5% of the cash put in)
- MTC MMTec Inc. goodwill $108M vs all book equity $13M
- PLAY Dave & Buster's Entertainment Inc. goodwill $743M vs all book equity $91M
- HRB H&R Block goodwill $813M vs all book equity $117M; $106M of past deals written down (12% of the cash put in)
- WEN Wendy's goodwill $774M vs all book equity $117M
- ENR Energizer Holdings goodwill $1.1B vs all book equity $170M; $128M of past deals written down (5% of the cash put in)
- VRSK Verisk Analytics Inc. goodwill $1.9B vs all book equity $309M; $2M of past deals written down (0% of the cash put in)
- ATEC Alphatec Holdings goodwill $75M vs all book equity $12M
- GRND Grindr Inc. goodwill $276M vs all book equity $47M
- OGN Organon goodwill $4.2B vs all book equity $752M; $301M of past deals written down
- BCO Brinks Company (The) goodwill $1.5B vs all book equity $278M
- LILA Liberty Latin America Ltd. goodwill $3.0B vs all book equity $556M; $3.3B of past deals written down (105% of the cash put in)
- LILAK Liberty Latin America Ltd. goodwill $3.0B vs all book equity $556M; $3.3B of past deals written down (105% of the cash put in)
- LILAP Liberty Latin America Ltd. goodwill $3.0B vs all book equity $556M; $3.3B of past deals written down (105% of the cash put in)
- EXPE Expedia Group Inc. goodwill $6.9B vs all book equity $1.3B; $1.2B of past deals written down
- AACG ATA Creativity Global goodwill CN¥162M vs all book equity CN¥32M
- XRX Xerox Holdings Corporation goodwill $2.2B vs all book equity $444M; $2.3B of past deals written down
- RYAN Ryan Specialty Holdings Inc. goodwill $3.2B vs all book equity $648M
- NATL NCR Atleos Corporation goodwill $2.0B vs all book equity $403M
- NRC NRC Health goodwill $66M vs all book equity $14M; $714K of past deals written down (9% of the cash put in)
- SBGI Sinclair Inc. goodwill $2.1B vs all book equity $443M
- FWRD Forward Air Corporation goodwill $523M vs all book equity $113M; $1.1B of past deals written down (55% of the cash put in)
- KWY Kingsway Corporation goodwill $69M vs all book equity $15M; $1M of past deals written down (1% of the cash put in)
- EXTR Extreme Networks Inc. goodwill $398M vs all book equity $89M
- GEN Gen Digital goodwill $11.0B vs all book equity $2.6B
- GENVR Gen Digital Inc. Contingent Value Rights goodwill $11.0B vs all book equity $2.6B
- TSAT TELESAT CORPORATION goodwill C$2.2B vs all book equity C$531M
- FTDR Frontdoor Inc. goodwill $959M vs all book equity $242M; $14M of past deals written down (2% of the cash put in)
- MTN Vail Resorts Inc. goodwill $1.7B vs all book equity $424M; $26M of past deals written down (2% of the cash put in)
- FUN Cedar Fair goodwill $2.1B vs all book equity $550M; $1.4B of past deals written down
- CON Concentra Group Holdings Parent Inc. goodwill $1.5B vs all book equity $393M
- RPD Rapid7 goodwill $575M vs all book equity $155M
- AIOS AIOS Tech Inc. Class A goodwill $17M vs all book equity $5M
- MH McGraw Hill Inc. goodwill $2.5B vs all book equity $726M; $76M of past deals written down
- FUBO FuboTV Inc. goodwill $615M vs all book equity $181M; $149M of past deals written down
- AMT American Tower Corp. goodwill $12.3B vs all book equity $3.7B; $80M of past deals written down (0% of the cash put in)
- RELX RELX PLC PLC goodwill £7.9B vs all book equity £2.4B
- TDAY USA TODAY Co. Inc. goodwill $519M vs all book equity $155M; $450M of past deals written down (34% of the cash put in)
- CWH Camping World Holdings goodwill $749M vs all book equity $229M; $40M of past deals written down (3% of the cash put in)
- WH Wyndham Hotels & Resorts goodwill $1.5B vs all book equity $468M; $205M of past deals written down (11% of the cash put in)
- WMG Warner Music goodwill $2.1B vs all book equity $647M; $4M of past deals written down (0% of the cash put in)
- BRSL BRIGHTSTAR LOTTERY PLC goodwill $2.7B vs all book equity $875M
- UNIT Uniti Group Inc. goodwill $1.2B vs all book equity $380M; $204M of past deals written down (89% of the cash put in)
- SGRY Surgery Partners Inc. goodwill $5.2B vs all book equity $1.7B; $72M of past deals written down (5% of the cash put in)
- NRG NRG Energy goodwill $5.0B vs all book equity $1.7B; $517M of past deals written down (84% of the cash put in)
- CZR Caesars Entertainment Inc. goodwill $10.4B vs all book equity $3.5B; $681M of past deals written down (9% of the cash put in)
- SYY Sysco Corporation goodwill $5.2B vs all book equity $1.8B; $295M of past deals written down (5% of the cash put in)
- OUT OUTFRONT Media Inc. goodwill $2.0B vs all book equity $710M; $93M of past deals written down (12% of the cash put in)
- MSI Motorola Solutions Inc. goodwill $6.8B vs all book equity $2.4B
- GETY Getty Images Holdings Inc. goodwill $1.5B vs all book equity $553M
- PRGS Progress Software goodwill $1.3B vs all book equity $478M; $92M of past deals written down (5% of the cash put in)
- THC Tenet Healthcare goodwill $11.2B vs all book equity $4.2B
- GFF Griffon Corporation goodwill $193M vs all book equity $74M; $588M of past deals written down (43% of the cash put in)
- IQV IQVIA Holdings Inc. goodwill $16.6B vs all book equity $6.5B; $68M of past deals written down (1% of the cash put in)
- OWL Blue Owl Capital goodwill $5.6B vs all book equity $2.2B
- VRRM Verra Mobility Corporation goodwill $742M vs all book equity $293M; $97M of past deals written down (10% of the cash put in)
- DKNG DraftKings Inc. goodwill $1.6B vs all book equity $631M
- BWIN The Baldwin Insurance Group Inc. goodwill $1.5B vs all book equity $600M
- CPRI Capri Holdings goodwill $202M vs all book equity $80M; $605M of past deals written down (16% of the cash put in)
- NIQ NIQ Global Intelligence plc goodwill $2.4B vs all book equity $988M
- WEX WEX Inc. goodwill $3.0B vs all book equity $1.2B; $193M of past deals written down (6% of the cash put in)
- PSFE Paysafe Limited goodwill $2.1B vs all book equity $860M
- RH RH goodwill $144M vs all book equity $61M; $85M of past deals written down (51% of the cash put in)
- SEE Sealed Air goodwill $2.9B vs all book equity $1.2B
- EEX Emerald Holding Inc. goodwill $784M vs all book equity $339M; $686M of past deals written down (107% of the cash put in)
- STUB StubHub Holdings Inc. goodwill $2.7B vs all book equity $1.2B
- TKO TKO Group Holdings Inc. goodwill $8.4B vs all book equity $3.7B; $8M of past deals written down (86% of the cash put in)
- HAS Hasbro Inc. goodwill $1.3B vs all book equity $566M; $2.3B of past deals written down (49% of the cash put in)
- YXT YXT.COM GROUP HOLDING LIMITED goodwill CN¥164M vs all book equity CN¥75M
- WU Western Union goodwill $2.1B vs all book equity $958M; $464M of past deals written down
- TEAM Atlassian goodwill $2.3B vs all book equity $1.1B
- BAH Booz Allen Hamilton Holding Corporation goodwill $2.4B vs all book equity $1.1B
- AMGN Amgen Inc. goodwill $18.7B vs all book equity $8.7B
- TENB Tenable goodwill $698M vs all book equity $326M
- STGW Stagwell Inc. goodwill $1.6B vs all book equity $758M; $248M of past deals written down (60% of the cash put in)
- DLX Deluxe Corporation goodwill $1.4B vs all book equity $681M; $543M of past deals written down (35% of the cash put in)
- BSY Bentley Systems Incorporated goodwill $2.5B vs all book equity $1.2B
- IBM International Business Machines Corp goodwill $67.7B vs all book equity $32.6B
- LAMR Lamar Advertising goodwill $2.1B vs all book equity $1.0B
- NTAP NetApp Inc. goodwill $2.8B vs all book equity $1.4B
- CODI Compass Diversified Holdings goodwill $895M vs all book equity $442M; $188M of past deals written down (6% of the cash put in)
- TEVA Teva Pharmaceutical Industries Limited goodwill $16.0B vs all book equity $7.9B; $29.7B of past deals written down (82% of the cash put in)
- MGM MGM Resorts International goodwill $4.9B vs all book equity $2.4B; $279M of past deals written down (6% of the cash put in)
- DKL Delek Logistics Partners L.P. Common goodwill $12M vs all book equity $6M; $15M of past deals written down (2% of the cash put in)
- CRNC Cerence Inc. goodwill $299M vs all book equity $151M; $823M of past deals written down
- SAIC Science Applications International Corporation goodwill $2.9B vs all book equity $1.5B
- LGN Legence Corp. goodwill $764M vs all book equity $392M; $48M of past deals written down (13% of the cash put in)
- CPAY Corpay Inc. goodwill $7.6B vs all book equity $3.9B; $90M of past deals written down (1% of the cash put in)
- VVV Valvoline Inc. goodwill $658M vs all book equity $339M
- SPH Suburban Propane Partners L.P. goodwill $1.2B vs all book equity $599M
- GIS General Mills Inc. goodwill $14.1B vs all book equity $7.4B; $1.6B of past deals written down (14% of the cash put in)
- GOGO Gogo Inc. goodwill $193M vs all book equity $101M
- FOUR Shift4 Payments goodwill $2.7B vs all book equity $1.4B
- OTEX Open Text Corporation goodwill $7.3B vs all book equity $4.0B
- SHC Sotera Health goodwill $1.1B vs all book equity $606M
- CDW CDW Corp. goodwill $4.7B vs all book equity $2.6B
- FLUT Flutter Entertainment plc goodwill $15.8B vs all book equity $9.0B; $517M of past deals written down (10% of the cash put in)
- SHW Sherwin-Williams Company (The) goodwill $8.0B vs all book equity $4.6B; $12M of past deals written down (0% of the cash put in)
- ALH Alliance Laundry Holdings Inc. goodwill $684M vs all book equity $392M
- HD Home Depot Inc. goodwill $22.3B vs all book equity $12.8B
- QSR Restaurant Brands International Inc. goodwill $6.3B vs all book equity $3.6B
- TDC Teradata Corporation goodwill $399M vs all book equity $230M; $80M of past deals written down
- CIGI Colliers International Group Inc. goodwill $2.6B vs all book equity $1.5B
- FTRE Fortrea Holdings Inc. goodwill $960M vs all book equity $564M; $808M of past deals written down
- AON Aon PLC goodwill $15.8B vs all book equity $9.4B
- CHH Choice Hotels International goodwill $306M vs all book equity $181M; $7M of past deals written down (1% of the cash put in)
- LMT Lockheed Martin Corporation goodwill $11.3B vs all book equity $6.7B
- CSV Carriage Services Inc. goodwill $428M vs all book equity $255M; $16M of past deals written down (4% of the cash put in)
- AHCO AdaptHealth Corp. goodwill $2.5B vs all book equity $1.5B; $972M of past deals written down (37% of the cash put in)
- EVH Evolent Health goodwill $694M vs all book equity $415M; $974M of past deals written down (106% of the cash put in)
- XERS Xeris Biopharma Holdings Inc. goodwill $23M vs all book equity $14M
- FA First Advantage Corporation goodwill $2.1B vs all book equity $1.3B
- VYX NCR Voyix Corporation goodwill $1.5B vs all book equity $948M; $146M of past deals written down (5% of the cash put in)
- MMC Marsh & Mclennan Companies, Inc. goodwill $24.3B vs all book equity $15.3B
- MRSH Marsh goodwill $24.3B vs all book equity $15.3B
- DRVN Driven Brands Holdings Inc. goodwill $1.2B vs all book equity $767M
- INV Innventure Inc. goodwill $323M vs all book equity $204M; $347M of past deals written down
- ITW Illinois Tool Works Inc. goodwill $5.1B vs all book equity $3.2B
- MCO Moody's Corporation goodwill $6.4B vs all book equity $4.1B
- BV BrightView Holdings Inc. goodwill $2.0B vs all book equity $1.3B; $16M of past deals written down (3% of the cash put in)
- ARMK Aramark goodwill $4.9B vs all book equity $3.1B; $199M of past deals written down (5% of the cash put in)
- OMC Omnicom goodwill $18.6B vs all book equity $12.0B
- VVX V2X Inc. goodwill $1.7B vs all book equity $1.1B
- HGV Hilton Grand Vacations Inc. Common Stock goodwill $2.0B vs all book equity $1.3B
- HON Honeywell International Inc. goodwill $21.1B vs all book equity $13.9B; $724M of past deals written down (4% of the cash put in)
- VERX Vertex Inc. goodwill $392M vs all book equity $259M
- HURN Huron Consulting goodwill $787M vs all book equity $529M; $313M of past deals written down (79% of the cash put in)
- ACM AECOM goodwill $3.7B vs all book equity $2.5B; $1.2B of past deals written down
- VAC Marriott Vacations Worldwide Corporation goodwill $3.0B vs all book equity $2.0B; $232M of past deals written down
- SGI Somnigroup International Inc. goodwill $4.6B vs all book equity $3.1B
- HRI Herc Holdings Inc. Common Stock goodwill $2.9B vs all book equity $1.9B
- WSC WillScot goodwill $1.3B vs all book equity $856M; $66M of past deals written down (3% of the cash put in)
- EFX Equifax Inc. goodwill $6.7B vs all book equity $4.6B
- ORCL Oracle Corp. goodwill $62.3B vs all book equity $42.5B
- FI Fiserv, Inc. goodwill $37.7B vs all book equity $25.8B
- FISV Fiserv Inc. goodwill $37.7B vs all book equity $25.8B
- MD Pediatrix Medical Group Inc. goodwill $1.3B vs all book equity $866M; $1.7B of past deals written down (116% of the cash put in)
- USPH U.S. Physical Therapy goodwill $692M vs all book equity $476M; $25M of past deals written down (5% of the cash put in)
- CACI CACI International Inc. goodwill $6.5B vs all book equity $4.5B
- ABM ABM Industries Incorporated goodwill $2.6B vs all book equity $1.8B; $184M of past deals written down (10% of the cash put in)
- SSNC SS&C Technologies goodwill $10.0B vs all book equity $6.9B
- MEDP Medpace Holdings goodwill $662M vs all book equity $459M
- FORTY Formula Systems (1985) Ltd. goodwill $975M vs all book equity $679M
- EVTC Evertec Inc. goodwill $892M vs all book equity $622M
- VNT Vontier Corporation Common Stock goodwill $1.8B vs all book equity $1.2B; $85M of past deals written down (7% of the cash put in)
- BERY Berry Global goodwill $5.1B vs all book equity $3.6B
- ADSK Autodesk Inc. goodwill $4.3B vs all book equity $3.0B
- NXST Nexstar Media Group Inc. goodwill $2.9B vs all book equity $2.1B; $237M of past deals written down (2% of the cash put in)
- BL BlackLine goodwill $466M vs all book equity $332M
- RSG Republic Services Inc. goodwill $16.7B vs all book equity $12.0B
- WM Waste Management Inc. goodwill $13.9B vs all book equity $10.0B; $263M of past deals written down (2% of the cash put in)
- RPC Ridgepost Capital Inc. goodwill $559M vs all book equity $403M
- SEM Select Medical Holdings goodwill $2.4B vs all book equity $1.7B
- TPR Tapestry Inc. goodwill $958M vs all book equity $692M; $244M of past deals written down (10% of the cash put in)
- TC Token Cat Limited goodwill CN¥46M vs all book equity CN¥33M
- BWMX Betterware de Mexico S.A.P.I. de C.V. goodwill MX$1.6B vs all book equity MX$1.2B
- MMM 3M Company goodwill $6.4B vs all book equity $4.7B; $271M of past deals written down (4% of the cash put in)
- BFAM Bright Horizons Family Solutions Inc. goodwill $1.8B vs all book equity $1.3B; $4M of past deals written down (1% of the cash put in)
- BTSG BrightSpring Health Services Inc. goodwill $2.5B vs all book equity $1.9B; $41M of past deals written down (11% of the cash put in)
- BTSGU Brightspring Health Services, Inc. goodwill $2.5B vs all book equity $1.9B; $41M of past deals written down (11% of the cash put in)
- BUD Anheuser-Busch InBev SA/NV goodwill $117.9B vs all book equity $87.3B
- USFD US Foods goodwill $5.8B vs all book equity $4.3B
- CNXC Concentrix Corporation goodwill $3.7B vs all book equity $2.7B; $1.5B of past deals written down (42% of the cash put in)
- WLY John Wiley & Sons Inc. goodwill $1.1B vs all book equity $848M; $322M of past deals written down (34% of the cash put in)
- WLYB John Wiley & Sons Inc. goodwill $1.1B vs all book equity $848M; $322M of past deals written down (34% of the cash put in)
- BR Broadridge Financial Solutions Inc. goodwill $3.8B vs all book equity $2.8B
- TREE LendingTree Inc. goodwill $382M vs all book equity $287M; $39M of past deals written down (48% of the cash put in)
- K Kellanova goodwill $5.0B vs all book equity $3.8B
- CBZ CBIZ goodwill $2.3B vs all book equity $1.8B
- MORN Morningstar Inc. goodwill $1.6B vs all book equity $1.2B
- ZBRA Zebra Technologies goodwill $4.7B vs all book equity $3.6B; $32M of past deals written down (1% of the cash put in)
- BLD TopBuild goodwill $3.0B vs all book equity $2.3B
- J Jacobs Solutions goodwill $4.8B vs all book equity $3.6B
- TRIP TripAdvisor Inc. goodwill $844M vs all book equity $645M; $3M of past deals written down (2% of the cash put in)
- GEHC GE Healthcare Technologies Inc. goodwill $13.5B vs all book equity $10.4B
- HSIC Henry Schein Inc. goodwill $4.2B vs all book equity $3.2B; $33M of past deals written down (1% of the cash put in)
- NWL Newell Brands goodwill $3.1B vs all book equity $2.4B; $5.3B of past deals written down (58% of the cash put in)
- ADT ADT Inc. goodwill $4.9B vs all book equity $3.8B; $885M of past deals written down (9% of the cash put in)
- POST Post Holdings goodwill $4.8B vs all book equity $3.8B; $287M of past deals written down (5% of the cash put in)
- JCI Johnson Controls International PLC goodwill $16.6B vs all book equity $12.9B; $724M of past deals written down (38% of the cash put in)
- BMBL Bumble Inc. goodwill $733M vs all book equity $570M; $1.2B of past deals written down
- CPB The Campbell's Company goodwill $5.0B vs all book equity $3.9B; $747M of past deals written down (8% of the cash put in)
- FIS Fidelity National Info goodwill $17.8B vs all book equity $13.9B; $17.7B of past deals written down
- NABL N-able Inc. goodwill $1.0B vs all book equity $802M
- CAG ConAgra Brands Inc. goodwill $8.1B vs all book equity $6.4B; $3.2B of past deals written down (54% of the cash put in)
- COTY Coty Inc. goodwill $3.8B vs all book equity $3.0B; $3.6B of past deals written down
- GXO GXO Logistics goodwill $3.8B vs all book equity $3.0B
- AMTM Amentum Holdings Inc. goodwill $5.7B vs all book equity $4.5B; $294M of past deals written down (13% of the cash put in)
From the company's SEC filings and its MD&A, computed the same way as on its page. A fired flag is a fact about the filing, stated with its figure; what it means for the business is read on the company page, where the full panel sits.