The US stock market is home to a diverse range of promising growth stocks across various industries.
Growth investors can carefully evaluate these stocks to select those that align well with their portfolios.
Key attributes to watch out for include a strong competitive moat, a solid track record of financial performance, and healthy growth prospects.
Here are four growth stocks that demonstrate great long-term potential for capital appreciation.
Carnival Corporation (NYSE: CCL)
Carnival Corporation is the world’s largest cruise company and operates cruise brands such as AIDA Cruises, Cunard, Princess Cruises, and Seabourn.
For the first half of fiscal 2025 (1H FY2025) ending 31 May 2025, the company saw revenue rise 8.5% year on year to US$12.1 billion.
Operating profit surged 76.7% year on year to US$1.5 billion, and the cruise company reported a net profit of US$486 million.
This profit was a turnaround from the previous year’s net loss of US$123 million.
Carnival Corporation also generated US$1.9 billion of free cash flow for the half year, more than five times the US$350 million churned out a year ago.
The business is doing well and has achieved an all-time high customer deposits of US$8.5 billion.
Carnival Corporation continues to invest in its brands, and recently ordered two newbuilds for AIDA Cruises to be delivered in fiscal 2030 and 2032.
Carnival Cruise Line also announced “Sunsation Point”, a new outdoor zone featuring the first nighttime water park experience.
The company is launching a new and improved loyalty programme in June 2026 that is designed to increase customer engagement and improve customer lifetime value.
Cloudflare (NYSE: NET)
Cloudflare operates a cloud platform that provides services to enhance website and application security, performance, and reliability.
For the first half of 2025 (1H 2025), revenue jumped 27.2% year on year to US$991.4 million.
Gross profit increased by 23.4% year on year to US$747.2 million.
The company churned out a positive free cash flow of US$86.1 million, 16.6% higher than a year ago.
Cloudflare also saw its paying customers grow by 21% compound annual growth rate (CAGR) since the second quarter of 2022 (2Q 2022), going from 151,803 to 265,929.
Large customers, defined as those with more than US$100,000 of annualised revenue, saw a stronger 29% CAGR, going from 1,749 to 3,712 over the same period.
The company’s dollar-based net retention rate has also stayed at 110% and above for the last five quarters.
Management believes that the business has a total addressable market (TAM) of US$181 billion this year, which will grow to US$231 billion by 2028.
Dutch Bros (NYSE: BROS)
Dutch Bros is an operator and franchisor of drive-thru coffee shops that serve quality, hand-crafted beverages.
The company operates 1,043 locations across 19 US states as of 30 June 2025.
For 1H 2025, revenue climbed 28.5% year on year to US$771 million.
Operating profit surged 48.3% year on year to US$85.7 million, while net profit more than doubled year on year to US$41 million.
Dutch Bros’ free cash flow came in at US$27 million for 1H 2025, reversing the previous year’s negative free cash flow of US$21.2 million.
A total of 55 new company-owned stores and six franchised stores were opened in 1H 2025.
For 2Q 2025, systemwide same shop sales improved 6.1% and same shop transactions increased by 3.7%.
The company intends to open at least 160 stores in 2025 and will incur capital expenditures of between US$240 million to US$260 million.
Netflix (NASDAQ: NFLX)
Netflix is one of the leading streaming TV providers with a wide range of movie and TV series titles in numerous languages.
For 1H 2025, the company reported a commendable set of earnings with growth in both top and bottom lines.
Revenue increased by 14.2% year on year to US$21.6 billion, while operating profit leapt 36% year on year to US$7.1 billion.
Net profit stood at US$6 billion, 34.3% higher than a year ago.
Netflix also generated a positive free cash flow of US$4.9 billion for 1H 2025, 47% higher than the prior year.
Management has forecast that revenue will top US$11.5 billion for 3Q 2025 for a 17.3% year-on-year growth.
Netflix’s members watched over 95 billion hours of television in 1H 2025, up 1% year on year.
The company’s content strategy is to develop shows and films that connect with audiences in their home countries.
Hence, Netflix has creative teams around the world that collaborate with local talent to produce interesting stories that reflect each country’s unique culture.
The company also has exciting new series lined up, such as Black Rabbit and House of Guinness, along with a documentary about Victoria Beckham.
For live shows, Netflix has lined up boxing matches in 3Q 2025.
Netflix is also continuously updating its price plans to improve monetisation and allow the company to reinvest in more content for its members.
With its wide content slate and deep engagement with its audience, the company looks poised to do well in the long run.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
