Only a few companies have enough explicit evidence in the provided matches to satisfy all parts of the screen in the most recent reported period:
- revenue growth figure,
- receivables / unbilled receivables growth figure, and
- operating cash flow vs. reported net income.
| ticker | Company Name | Most recent period | Revenue growth | Receivables / unbilled receivables growth | Growth gap (receivables growth minus revenue growth) | Operating cash flow vs. reported net income | Why it fits | Source | Market Cap |
|---|---|---|---|---|---|---|---|---|---|
| FAST | Fastenal Co | Q2 2026 / last three months reported in the 2026-07-16 10-Q | Net sales growth: 14.7% YoY in the last three months. The filing also noted a 20.5% YoY increase in June sales. | Accounts receivable, net: $1,557.4 million vs. $1,324.2 million a year earlier, a 17.6% increase. The filing said the decline in operating cash flow as a percentage of net income was “primarily driven by a larger use of cash for accounts receivable, reflecting strong mid- and late-quarter sales growth.” | +2.9 percentage points (17.6% - 14.7%) | Operating cash flow: $265.7 million vs. net income: $382.8 million. OCF trailed net income by $117.1 million. | Clear case where receivables grew faster than revenue and cash conversion lagged reported earnings. | <a href="https://platform.hudson-labs.com/company/815556/transcript/950169/full">2026-07-16 10-Q</a> | $54.83B |
| BGC | BGC Group Inc | FY2025 (most recent period with all required figures in the provided matches) | Total revenues: $2.941 billion vs. $2.263 billion, up 30.0%. | Receivables related to revenues from contracts with customers: $482.0 million vs. $324.2 million, up 48.7%. | +18.7 percentage points (48.7% - 30.0%) | Net cash provided by operating activities: $394.4 million; the filing says this was driven by $637.1 million of net income adjusted for non-cash items, partially offset by $242.7 million of working capital outflows. | Strong receivables growth well ahead of revenue growth, with working-capital outflows dragging cash conversion. Caveat: the retrieved match gives net income adjusted for non-cash items, not explicit reported net income. | <a href="https://www.sec.gov/Archives/edgar/data/1094831/000162828026013162/bgcg-20251231.htm">2026-03-02 10-K</a> | $5.64B |
Near-misses with strong receivables-growth evidence but incomplete cash-vs-net-income evidence in the provided matches
These names showed the receivables-vs-revenue pattern, but the retrieved evidence did not include both operating cash flow and reported net income for the same most recent period:
| ticker | Company Name | Most recent period | Revenue growth | Receivables / unbilled receivables growth | Growth gap | Missing piece | Source | Market Cap |
|---|---|---|---|---|---|---|---|---|
| LRN | Stride Inc | 9M ended 2026-03-31 | Revenue: $1,882.017 million vs. $1,751.670 million, up 7.4% | Accounts receivable + unbilled receivables: $959.304 million vs. $579.548 million, up 65.6% | +58.2 percentage points | No operating cash flow or net income figures in the retrieved match for this period | <a href="https://www.sec.gov/Archives/edgar/data/1157408/000110465926050510/lrn-20260331x10q.htm">2026-04-28 10-Q</a> | $4.09B |
| LRN | Stride Inc | 6M ended 2025-12-31 | Revenue: $1,252.145 million vs. $1,138.295 million, up 10.0% | Accounts receivable + unbilled receivables: $926.052 million vs. $579.548 million, up 59.8% | +49.8 percentage points | No operating cash flow or net income figures in the retrieved match for this period | <a href="https://www.sec.gov/Archives/edgar/data/1157408/000110465926007063/lrn-20251231x10q.htm">2026-01-27 10-Q</a> | $4.09B |
Bottom line
Based strictly on the provided evidence, the best-supported companies are:
- Fastenal — strongest fully supported example in the most recent period, with:
- Revenue growth: 14.7%
- A/R growth: 17.6%
- Gap: +2.9 pts
- OCF: $265.7M vs net income: $382.8M
- BGC Group — strong receivables growth gap and working-capital drag on cash flow, though the match stops short of explicit reported net income:
- Revenue growth: 30.0%
- Receivables growth: 48.7%
- Gap: +18.7 pts
- OCF: $394.4M, with $242.7M working-capital outflows
If desired, a follow-up can narrow this further to only names with explicit reported net income in the retrieved evidence, which would leave Fastenal as the clearest match.
