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Belgium

The 8 companies from this country listed on the NYSE and Nasdaq are worth $160 bn combined; the largest are Anheuser-Busch InBev (BUD), CMB.TECH NV (CMBT) and Titan America SA (TTAM). For each one: the industry, what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

8 companies 8 industries value 160 bn revenue 68 bn
Rank Ticker Company Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 BUD Anheuser-Busch InBev
Alcoholic beverages · score 7.1
 149 bn 63 bn 17.5% 14 bn 9.2% 2.7% World's largest brewer: Budweiser, Corona and Stella Artois · World's largest brewer (~25% of global volume)
2 CMBT CMB.TECH NV
Shipping and barges · score 7.7
 5.5 bn 2.3 bn 37.0% 0.8 bn 14.4% 4.8% Tankers, bulk carriers and alternative-fuel vessels · Belgium — revenue of $2.3bn
3 TTAM Titan America SA
Cement · score 6.0
 2.5 bn 1.7 bn 11.1% 0.1 bn 5.4% — Cement and building materials in ten countries · Belgium — revenue of $1.7bn
4 LKFT Lakefront Biotherapeutics NV
Biotechnology · score 1.7
 2.0 bn 1.3 bn 28.9% -0.3 bn -15.5% — Bispecific T-cell engager antibodies (gamgertamig) for autoimmune diseases, in clinical development · Belgium — revenue of $1.2bn
5 MTLS MATERIALISE NV
Additive manufacturing (3D printing) · score 4.8
 0.5 bn 0.3 bn 2.9% 0.0 bn 2.6% — 3D printing software and services, from Belgium · Belgium — revenue of $300m
6 AGMB AgomAb Therapeutics NV
Clinical-stage biotech · score 0.0
 0.4 bn — — -0.1 bn -14.3% — Therapies for intestinal (Crohn's disease) and lung fibrosis, in clinical stage, from Belgium · Belgium
7 NYXH Nyxoah SA
Respiratory and sleep therapy · score 0.0
 0.1 bn 0.0 bn -443.2% -0.1 bn -86.1% — Implant for obstructive sleep apnea, from Belgium · Belgium — revenue of $24m
8 MDXH MDxHealth SA
Molecular testing and advanced diagnostics · score 0.0
 0.0 bn 0.1 bn -31.1% 0.0 bn -19.1% — Molecular prostate cancer tests (Confirm mdx, GPS mdx, Exo mdx) for urologists in the US · Belgium — revenue of $108m

Companies by country

What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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