One of the most effective methods of growing your wealth for retirement is to select a bunch of promising growth stocks and hold them over the long term.
As these businesses increase their revenue and profits, they become more valuable.
Investors will thus bid up the share prices of these companies, leading to attractive capital gains over time.
Of course, it’s important to filter out the wheat from the chaff to make sure that you purchase the right stocks for your growth portfolio.
Here are five US growth stocks that could take your portfolio to greater heights.
Visa (NYSE: V)
Visa is a payment processing company that helps to make financial transactions secure, convenient, and seamless for banks, merchants, and their customers.
As of 31 December 2024, the company had a total of 4.8 billion debit and credit cards in circulation, representing a 7% year-on-year increase.
Visa announced a commendable set of earnings for the first half of fiscal 2025 (1H FY2025) ending 31 March 2025.
Revenue rose 9.7% year on year to US$19.1 billion while operating profit inched up 3.2% year on year to US$11.7 billion.
Net profit crept up 1.5% year on year to US$9.7 billion.
The payment company’s free cash flow jumped 24% year on year to US$9.4 billion for 1H FY2025.
Visa continued to see healthy momentum in payments and cross-border volumes for the second quarter of FY2025 (2Q FY2025).
Payment volume rose 8% year on year while cross-border volume increased by 13% year on year.
Visa paid out a quarterly dividend of US$0.59, 13.5% higher than the US$0.52 paid in the previous year.
Back in April, the board of directors authorised a new US$30 billion share buyback programme for its Class A shares.
Howmet Aerospace (NYSE: HWM)
Howmet Aerospace provides advanced engineering solutions for the aerospace and transportation industries.
The company primarily focuses on jet engine components, aerospace fastening systems, and airframe structural components.
For 1Q 2025, Howmet reported revenue of US$1.9 billion, up 6.5% year on year.
Operating and net profit shot up 33.9% and 41.6% year on year, respectively, to US$494 million and US$344 million.
Free cash flow for the quarter stood at US$134 million, up 41.1% year on year.
A quarterly dividend of US$0.10 was paid, double the US$0.05 that was dished out in the previous year.
Howmet Aerospace has guided for revenue of US$8.03 billion for 2025, representing growth of 8.5% year on year.
The aerospace component company also expects to generate a free cash flow of US$1.15 billion for the year.
Trane Technologies (NYSE: TT)
Trane Technologies provides climate control products through its brands Trane and Thermo King.
Its products and services provide efficient climate solutions to buildings, homes, and transportation.
Trane reported an 11.2% year-on-year increase in revenue to US$4.7 billion.
Operating profit leapt 29.2% year on year to US$818.9 million while net profit surged nearly 39% year on year to US$604.9 million.
Free cash flow also climbed to US$220.6 million, up 35% year on year.
Trane ended the quarter with an order backlog of US$7.3 billion, up 8% from the end of 2024.
The company expects 2025 revenue growth to be in the range of 7.5% to 8.5%.
Adjusted earnings per share should come in 13% to 15% higher than in 2024.
Trane believes that it is positioned to outperform over the long term as the markets it serves are expected to grow faster than GDP, fuelled by megatrends that should persist over the long term.
Lyft (NASDAQ: LYFT)
Lyft is a ride-sharing company offering rideshare, bikes, and scooters on its all-in-one app to facilitate transportation for everyone.
The company continued posting healthy top-line growth in 1Q 2025, with revenue rising 13.5% year on year to US$1.45 billion.
The number of rides hit a 1Q record of 218.4 million, up 16% year on year, while gross bookings also hit a record of US$4.2 billion, up 13% year on year.
The company more than doubled its free cash flow generation from US$127.1 million to US$280.7 million.
Back in April, Lyft expanded in Europe with the acquisition of FREENOW, a European multi-mobility app, for around €175 million.
Management believes that with this acquisition, its total addressable market should be around 300 billion personal vehicle (PV) rides a year.
Right now, less than 1% of PV rides were booked through LYFT and FREENOW last year, representing a massive opportunity for the company to continue growing.
SentinelOne (NYSE: S)
SentinelOne provides AI-powered cybersecurity services.
Its Singularity platform helps to detect, prevent, and respond to cyberattacks and helps to secure endpoints, cloud workloads, and identities.
For the first quarter of fiscal 2026 (1Q FY2026) ending 30 April 2025, SentinelOne saw revenue rise almost 23% year on year to US$229 million.
Gross profit improved by 26.6% year on year to US$172.5 million.
The cybersecurity company generated a positive free cash flow of US$45.4 million, 35% higher than the prior year.
The business saw annualised recurring revenue (ARR) increase 24% year on year to US$948.1 million for the quarter.
Customers with ARR of US$100,000 or more grew by 22% year on year to 1,459, demonstrating that customers are spending more on its Singularity platform.
According to company estimates, management thinks that the business has a total addressable market of US$100 billion, giving it ample opportunity to continue growing in the foreseeable future.
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Disclosure: Royston Yang owns shares of Visa.
