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10 Mormon-Owned Companies to Invest in

The San Diego California Mormon Temple.

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Finding investments that line up with your financial goals and personal values can be a struggle. But as a member of The Church of Jesus Christ of Latter-day Saints, Mormon-owned companies can be an investment in a business that matches your values and can be part of a secure retirement portfolio. 

Mormon investments can range from major companies owned or founded by Mormons to various Church-owned enterprises that have shown impressive stability and growth over the last several years.

We’ve scouted ten promising Mormon-owned companies that blend strong business fundamentals with value-based operations. We reviewed each company’s financial performance, growth prospects, and their role in creating a well-balanced retirement portfolio.

Why Invest in Mormon-Owned Companies?

Mormon-owned companies offer an attractive blend of solid financial performance and values-driven business practices. The Church of Jesus Christ of Latter-day Saints (LDS) maintains a diverse portfolio of investments, including common stocks, bonds, taxable businesses, and real estate, which ensures long-term financial stability.

Key Reasons to Invest in Mormon Companies for Retirement

  • Strong Financial Management: They run their operations with little debt and keep healthy reserves for growth.
  • Future-Focused: They prioritize steady, lasting growth over quick profits.
  • Ethical Business Practices: They put honesty and integrity first.
  • Community Investment: They deliver essential services while earning reasonable returns.

These companies thrive because they stick to basic business principles and high ethical standards. Their conservative approach to finance includes careful budgeting, minimal debt, and smart reserves for future growth.

1. Marriott International (MAR)

  • Revenue: $23.71 billion (2023).
  • Net Income: $3.08 billion.
  • EPS: $9.56 (TTM).
  • Net Margin: 11.18%.
  • Market Cap: $79.37 billion.
  • Quarterly Dividend: $0.63 per share; Annual Dividend: $2.52; Dividend Yield: 0.88%.

Marriott International is a globally recognized hospitality company that has long been associated with Mormon leadership — particularly through the Marriott family, who are active members of The Church of Jesus Christ of Latter-day Saints. 

Founded in 1927, Marriott went public in 1953 and has since grown into one of the largest hotel chains worldwide. The company’s success in the hospitality sector reflects values such as strong financial stewardship and community-focused management, principles that align with Mormon business ethics.

Financially, Marriott has demonstrated steady growth, with a quarterly dividend of $0.63 per share as of 2024, signaling strong earnings and shareholder value. With an earnings per share (EPS) of $9.56 and a dividend payout ratio of 21.95%, Marriott continues to show resilience in a competitive industry. Its conservative dividend policy appeals to retirement investors seeking both growth and stable returns.

  • Strong revenue and net income growth.
  • Conservative dividend policy appealing to retirement investors.
  • Eco-friendly initiatives and reinvestment strategies reflect long-term thinking.
  • Predictable dividend history makes it a reliable option for steady income portfolios.

Marriott’s eco-friendly initiatives and its commitment to reinvestment demonstrate the company’s long-term thinking that Mormon-owned businesses are known for. Marriott’s strong financial position and predictable dividend history make it a solid option for those looking to build retirement portfolios that boast reliable income streams or make investments rooted in ethical business practices.

2. JetBlue Airways (JBLU)

  • Operating Revenue: $2.40 billion (Q3 2024).
  • 4.2% YoY expense reduction.

JetBlue Airways, founded by Mormon entrepreneur David Neeleman, has integrated Mormon values of honesty, fairness, and integrity into its operational model. Since its founding in 1998, JetBlue has focused on providing affordable, reliable air travel with a strong emphasis on customer service. This focus on service and ethical operations reflects the principles that have guided its growth and success in the highly competitive airline industry.

The airline’s recent performance indicates challenges, but also potential for growth. While operating revenue stood at $2.40 billion for Q3 2024, the company faced a slight decline in seat miles and operating margin. However, cost-cutting measures and a focus on market optimization align with Mormon values of careful resource management. Despite mixed analyst views, JetBlue’s future strategy, focusing on network expansion and customer satisfaction, indicates potential for long-term growth.

ProsCons
– Cost management strategy and market optimization efforts.– Challenges include revenue decline.
– Expansion initiatives, including new routes from Long Island MacArthur Airport.– Dissolution of the American Airlines alliance.
– Focus on customer satisfaction and premium travel experiences (JetForward initiative).

JetBlue’s commitment to ethical business practices and community service aligns with Mormon values, making it an attractive choice for investors seeking ethical, value-driven businesses. The company’s efforts to improve customer satisfaction, even amid challenges in the low-cost airline industry, demonstrate how its leadership principles can create lasting business success.

By following principles rooted in Mormon values, the airline has the potential to drive sustained business success. JetBlue presents itself as a worthy long-term investment for those who value ethical business practices and see the growth potential of a competitively priced customer-oriented airline.

3. SkyWest Airlines (SKYW)

  • Revenue: $913 million (Q3 2024).
  • Net Income: $90 million (Q3 2024).
  • EPS: $2.16 (Q3 2024).
  • Cash Position: $836 million.
  • 19% YoY revenue increase.

SkyWest Airlines, founded by devout Mormon Ralph Atkin is a prime example of LDS entrepreneurial success. Since its founding in 1972, SkyWest has grown into one of the largest regional airlines in the U.S., operating in partnership with major carriers like Delta and United. The company’s growth story is rooted in Mormon values of prudence, resourcefulness, and strategic planning.

In 2023, SkyWest Airlines carried approximately 38.6 million passengers with extensive operations across North America through partnerships with major airlines like United, Delta, American, and Alaska. SkyWest operates a fleet of nearly 500 aircraft, connecting passengers to 258 destinations, demonstrating its capacity to generate revenue.

  • Strong financial position with high ratings for financial strength and growth potential.
  • Strategic partnerships with major airlines through capacity purchase agreements.
  • Fleet modernization strategy, including 20 new Embraer 175 aircraft.
  • Operational excellence and adherence to LDS principles make it a compelling long-term investment.

In March 2024, SkyWest signed a deal with United Airlines to operate an additional 20 Embraer 175 aircraft for United Express. These aircraft are financed by United Airlines, indicating a strategic partnership that could enhance SkyWest’s operational efficiency.

According to recent evaluations by Yahoo Finance, SkyWest, Inc. has been rated with a financial strength subrating of high, indicating a robust financial position. The company has also received a growth subrating of high, suggesting positive expectations for future performance.

SkyWest’s adherence to LDS principles coupled with its operational excellence makes it an attractive investment, particularly for retirement portfolios. The company’s success story is deeply rooted in LDS values, and its strong financial position makes it a compelling stock. For those seeking a long-term growth investment that aligns their financial goals with their values, SkyWest is worth considering.

4. Black & Decker Corporation

  • Revenue: $3.90 billion (Q1 2024).
  • Gross Margin: 28.6%.
  • EPS: $0.13 (GAAP), $0.56 (Adjusted).
  • Expected Savings: $1.5 billion by 2024.

Black & Decker Corporation, under the leadership of Mormon executive Nolan D. Archibald, exemplifies how Mormon business principles can shape the success of a global manufacturing company. Archibald’s leadership since 1986 has helped transform Black & Decker into a Fortune 500 company, reflecting values such as innovation, operational efficiency, and long-term planning.

Founded in 1910, Black & Decker has a rich history of innovation, from patenting the first portable electric drill to launching the first cordless electric drill. This commitment to innovation aligns with the Mormon values of continuous improvement and adaptation. 

  • Focus on cost reduction and margin improvement.
  • Innovations like the DEWALT POWERSHIFT™ Cordless Equipment System are recognized as one of TIME’s Best Inventions of 2024.
  • Strategic supply chain optimization and profitability enhancements.
  • Long-term shareholder value creation aligns with Mormon business principles.

The company’s strategic efforts to optimize supply chains and enhance profitability, resulting in its gross margin reaching 28.6%, demonstrate sound financial management, a key tenet of Mormon business philosophy.

Today, Black & Decker operates under several well-known brands, including Black+Decker, DeWalt, and Craftsman, employing approximately 50,000 people worldwide and maintaining over 100 manufacturing facilities across more than 60 countries. The company’s strong financial metrics, including a projected upside potential of 13.17%, show its continued growth in a competitive market.

With a focus on both growth and ethical practices, Black & Decker’s future is poised for continued success. Its commitment to creating long-term shareholder value while maintaining responsible management practices makes it an attractive choice for those seeking companies that align with Mormon business values.

5. Nu Skin Enterprises, Inc.

  • Revenue: $1.97 billion (2023).
  • EPS: $0.17 (2023).
  • Gross Margin: 72.1% (Q4 2023).
  • Dividend Payments: $19.3 million (2023).

Nu Skin Enterprises, Inc., co-founded by Mormon leaders such as Steven J. Lund, exemplifies the integration of faith-based principles in business. Established in 1984, Nu Skin has grown into a global player in the personal care and wellness industry, reflecting Mormon values of integrity, community service, and personal development. The company’s mission to “empower people to improve lives” aligns with the Mormon emphasis on personal growth and ethical conduct.

However, from a financial perspective, Nu Skin has faced challenges in recent periods. As of the latest reports up to September 2023, the company experienced a decline in revenue. 

  • Revenue: In Q2 2023, Nu Skin reported revenue of $500.3 million, a decrease of 20% year-over-year, impacted by global economic conditions and foreign currency fluctuations.
  • Earnings: The company reported a decline in earnings per share (EPS), with adjusted EPS at $0.54 compared to $0.77 in the prior year period.
  • Dividend: Nu Skin offers a dividend yield of approximately 5.5%, indicating a commitment to returning value to shareholders.
  • Financial Stability: Despite revenue declines, Nu Skin maintains a strong balance sheet with $259 million in cash and cash equivalents.

Despite these challenges, Nu Skin maintains a strong balance sheet with $259 million in cash and cash equivalents. The company offers a dividend yield of approximately 5.5%, which may appeal to income-focused investors. Nu Skin is also investing in product innovation and digital transformation to revitalize growth and adapt to market changes.

In determining whether Nu Skin is a good investment, investors should weigh its embodiment of Mormon values against its recent financial performance. While the company’s ethical foundations and commitment to community align with Mormon principles, the current financial headwinds suggest a cautious approach. 

Potential investors may find the strong dividend and value alignment appealing but should consider the risks associated with revenue declines and industry challenges. As with any investment, thorough due diligence and consideration of both ethical alignment and financial health are essential.

ProsCons
Strong Dividend: Attractive for investors seeking income through dividends.Revenue Decline: Recent financial performance shows a downward trend that may concern investors.
Global Presence: Operations in diverse markets can mitigate regional economic downturns.Regulatory Risks: Faces regulatory scrutiny in certain markets as a multi-level marketing company.
Alignment with Values: Suitable for investors prioritizing ethical companies aligned with Mormon values.Market Competition: Increasing competition in the health and wellness industry may impact future growth.

6. Deseret Management Corporation

Deseret Management Corporation (DMC) serves as the holding company for the for-profit businesses affiliated with The Church of Jesus Christ of Latter-day Saints (LDS Church). Established in 1966, DMC’s mission is to be a “trusted source of light and truth,” which aligns closely with Mormon values of integrity, community service, and ethical stewardship. The corporation oversees a diverse portfolio of companies operating in media, publishing, hospitality, and financial services.

Among its notable subsidiaries are Bonneville International, which operates 21 radio stations in major U.S. markets, and Deseret News Publishing Company, Utah’s oldest continuously operating daily newspaper. Plus, Deseret Book Company publishes and sells books and other products that promote faith and family values, and Deseret Digital Media uses technology to connect communities. 

Additionally, Temple Square Hospitality serves over 600,000 visitors annually in Salt Lake City. The corporation combines financial success with social responsibility through businesses that prioritize ethical practices, community engagement, and the dissemination of content that reflects LDS teachings while adhering to Mormon principles like integrity and service.

ProsCons
– Ethical stewardship and community service are central to its operations.– Not publicly traded, limiting direct investment opportunities.
– Diverse holdings in media, publishing, and hospitality reflect a balance of profit and purpose.– Limited transparency compared to publicly traded companies due to private ownership.
– Strong financial performance with an annual turnover of about $1.2 billion.

DMC’s operations embody Mormon values through their commitment to uplifting communities, promoting wholesome content, and practicing sound financial management. The corporation emphasizes long-term thinking, modest debt, and reinvestment of profits into its enterprises and philanthropic efforts. This approach mirrors the Mormon principles of prudence, self-reliance, and service to others.

When evaluating DMC as an investment opportunity, it is important to note that the corporation is privately held and wholly owned by the LDS Church. As such, it is not publicly traded, and individual investors cannot purchase shares or invest directly in the company. Therefore, while DMC exemplifies Mormon values and demonstrates financial stability through its various successful enterprises, it does not present an investment avenue for the general public.

For investors seeking to support companies that reflect Mormon values and are accessible for investment, it may be beneficial to consider publicly traded companies founded or led by individuals affiliated with the LDS Church. These companies often uphold similar ethical standards and business philosophies, providing opportunities to invest in organizations that align with both financial goals and personal values.

7. The Franklin Covey Company

  • Revenue: $73.40 million.
  • Net Income: $5.70 million.
  • Retention Rate: 90%.

The Franklin Covey Company is a global leader in professional development, best known for Stephen R. Covey’s bestselling book, The 7 Habits of Highly Effective People. Founded by Author and devout Mormon Covey, the company provides training in leadership, productivity, and personal effectiveness. 

With a subscription model and strong customer retention, Franklin Covey’s services are designed to help individuals and organizations improve performance and achieve their goals. The company has shown impressive financial results, including steady revenue growth and strong cash flow.

Franklin Covey Products and Services

  • Training Programs: These include workshops and seminars on leadership development, team effectiveness, and individual productivity.
    • The 7 Habits of Highly Effective People
    • Leading at the Speed of Trust
    • The 4 Disciplines of Execution
  • Assessment Tools: The company provides various assessments to help organizations identify strengths and areas for improvement.
  • Digital Solutions: Franklin Covey has embraced technology with live online training and digital resources to reach a broader audience.
  • Leader in Me Program: A school transformation initiative that integrates Covey’s principles into educational settings, promoting leadership skills among students.

Franklin Covey’s commitment to ethical leadership aligns with Mormon values, and its training materials reflect principles of integrity, discipline, and stewardship. The company’s focus on personal development and long-term success makes it a promising choice for investors seeking value-driven opportunities.

In recent years, Franklin Covey has focused on enhancing its training offerings and expanding its global reach. The company has been recognized multiple times by Training Magazine as a top provider of training and leadership development tools. Its commitment to adapting its content for contemporary challenges has kept its programs relevant in today’s fast-paced business environment.

For retirement investors, Franklin Covey stands out due to its financial discipline and proven growth strategy. The company’s stable financial position and strong customer base suggest the potential for continued success in the professional development sector.

8. Vivint Smart Home, Inc.

  • Customer Base: Over 1 million.
  • Acquisition Value: $2 billion (2012).

Vivint Smart Home, Inc., founded in 1999 by Mormon entrepreneur Todd Pedersen, has transformed from a small alarm system provider into a leading smart home technology company. Based in Provo, Utah, Vivint reflects values such as innovation, community service, and ethical business practices that align with Mormon principles. The company’s growth embodies the Mormon ethos of entrepreneurship and dedication to improving the lives of others through technology.

Vivint offers an integrated suite of smart home products and services, including home automation, security systems, and energy management solutions. By leveraging cutting-edge technology, Vivint enables homeowners to remotely control and monitor their homes, enhancing security and convenience. As of 2023, the company serves over two million customers across the United States, managing more than 27 million devices, which underscores its significant presence in the smart home market.

In December 2022, Vivint was acquired by NRG Energy, Inc. for $2.8 billion, integrating Vivint’s smart home platform with NRG’s energy services. This positions Vivint within a larger organization and provides the company with additional resources and a broader customer base, potentially accelerating its growth and innovation in the competitive smart home industry.

Investors interested in the smart home sector and Vivint’s contributions can consider investing in NRG Energy to gain exposure to this market segment. NRG Energy reported total revenues of $31.5 billion in 2022, reflecting a strong financial position. However, as with any investment, it’s crucial to assess NRG’s overall business performance, market conditions, and integration strategy with Vivint to determine potential risks and returns.

  • Innovative products and direct-to-consumer model.
  • Strong presence in the growing smart home market.
  • Not publicly traded, but a standout in its sector for ethical business practices.

Vivint’s connection to Mormon values is evident through its founding leadership and commitment to innovation and community. Todd Pedersen’s vision and adherence to principles of hard work, integrity, and service have shaped the company’s culture and success. While Vivint has faced legal challenges in the past related to sales practices, the company has taken steps to address these issues and improve compliance, aligning with ethical standards important to both investors and the Mormon community.

Vivint Smart Home exemplifies how a company rooted in Mormon values can achieve significant success in the technology sector. Its integration into NRG Energy offers investors an opportunity to invest in a business that combines innovative smart home solutions with sustainable energy services. Potential investors should conduct thorough research and consider how this aligns with their investment objectives and values before investing.

9. Domo, Inc.

  • Revenue: $78.40 million.
  • Subscription Revenue: 90.4%.
  • Cash Position: $55.70 million.

Domo, Inc., founded in 2010 by Mormon entrepreneur Josh James, is a cloud-based software company specializing in business intelligence and data analytics. Based in American Fork, Utah, Domo aims to transform the way businesses utilize data by offering a platform that consolidates information from multiple sources into a single, intuitive dashboard. This empowers organizations to make real-time, data-driven decisions, enhancing efficiency and competitive advantage.

While Domo is not officially affiliated with The Church of Jesus Christ of Latter-day Saints (LDS Church), it reflects the values often associated with Mormon entrepreneurship. Josh James, an active member of the Mormon community, has infused the company with principles such as integrity, innovation, and a strong work ethic. These values are evident in Domo’s corporate culture and commitment to creating solutions that improve business operations.

  • Financial Performance: Domo reported a total revenue of $258 million in Fiscal year 2022, representing a year-over-year increase of approximately 20%. Subscription revenue, which accounts for the majority of the company’s income, grew by 22% to $230 million. However, the company has not yet achieved profitability, reporting a net loss of $75 million for the fiscal year.
  • Market Position: Domo operates in a growing market for business intelligence and data analytics. The demand for real-time data insights is increasing as companies seek to make quicker, informed decisions. Domo’s cloud-native platform and user-friendly interface distinguish it from competitors, potentially capturing more market share.
  • Leadership and Strategy: Josh James’s return as CEO in early 2023 has reinvigorated the company’s strategic direction. His vision focuses on expanding Domo’s customer base and enhancing product offerings to meet evolving market needs.

Domo, Inc. embodies values associated with its Mormon founder, emphasizing innovation, integrity, and community impact. While not officially a Mormon company, its cultural roots are reflected in its leadership and corporate ethos.

For investors, Domo presents an opportunity to invest in a company at the forefront of business intelligence and data analytics—a sector with significant growth potential. The company’s innovative platform, combined with a clear strategic vision under experienced leadership, positions it for potential long-term success. 

Investors should conduct thorough due diligence, considering the risks associated with the company’s current lack of profitability and market competition. Domo may appeal to those seeking to invest in technology firms with strong growth prospects, aligning with value-driven investment strategies focused on long-term asset appreciation.

10. Qualtrics International Inc.

  • Revenue: $1.53 billion.
  • Market Cap: $11 billion.
  • Gross Margin: 70.39%.
  • Cash Position: $806.72 million.

Is Qualtrics a Mormon company? Officially, no. But its roots are deeply tied to the Mormon community. The co-founders Ryan Smith and Jared Smith are all active members of The Church of Jesus Christ of Latter-day Saints and even served as missionaries for the Church. The company’s headquarters in Provo, Utah further reflects its connection to the community.

Qualtrics’ corporate culture is built around the acronym TACOS: Transparent, All In, Customer Obsessed, One Team, and Scrappy — values that align closely with Mormon principles. For example, the emphasis on transparency mirrors the Mormon focus on honesty, while the “One Team” value reflects the community-oriented spirit of Mormon culture. Qualtrics operates as a secular business, but its ethos of stewardship and long-term thinking resonates with Mormon teachings.

Qualtrics went from a basement startup to an $8 billion IPO by 2018, eventually being acquired by Silver Lake and CPP Investments for $12.5 billion in 2023. The company’s commitment to ethical business practices and growth reflects Mormon values of stewardship and long-term success. 

With strong financials, including a market capitalization of $11 billion and impressive revenue growth, Qualtrics has proven itself as a leader in its field. The company’s focus on customer experience and innovation has earned it a loyal customer base and a strong reputation in the industry.

ProsCons
– Strong revenue of $1.53 billion and a market cap of $11 billion.– No longer publicly traded, limiting direct investment opportunities.
– High gross margin of 70.39%, showcasing profitability potential.– Operates at a net loss, highlighting ongoing profitability challenges.
– Ethical leadership and a values-driven corporate culture rooted in stewardship and integrity.– Acquisition by Silver Lake and CPP Investments removed it from public stock markets.
– Market leader in experience management with innovative and cutting-edge technology offerings.

Qualtrics combines cutting-edge technology with a culture rooted in values. Its strong market position, innovative platform, and impressive revenue growth make it a compelling player in the tech space. Being rooted in Mormon principles of integrity, service, and stewardship makes it a standout example of values-driven business success.

While direct investment in Qualtrics is no longer possible, its story serves as an inspiration for what’s possible when business and values intersect. For retirement investors, Qualtrics represents a strong investment in the tech sector. 

Its combination of financial strength, ethical leadership, and market leadership makes it a compelling option for value-focused portfolios. If you’re looking to align your portfolio with your principles, consider consulting a financial advisor. Use our advisor match tool to find the best guidance tailored to your investment strategy.

Comparing LDS Church-Affiliated Companies 

Company NameTickerIndustryKey Financial MetricsMormon ConnectionInvestment Highlights
Marriott InternationalMARHospitality– Revenue: $23.71B- Net Income: $3.08B- EPS: $9.56 (TTM)- Net Margin: 11.18%- Market Cap: $79.37BFounded by the Marriott family– Strong revenue and net income- Solid EPS performance- Annual dividend: $2.52- Dividend yield: 0.88%
JetBlue AirwaysJBLUAviation– Operating Revenue: $2.40B (Q3 2024)- 4.2% YoY expense reductionFounded by David Neeleman– Cost management strategy- Focus on route optimization- Challenges with revenue and operating losses
SkyWest AirlinesSKYWAviation– Revenue: $913M (Q3 2024)- Net Income: $90M (Q3 2024)- EPS: $2.16 (Q3 2024)- Cash Position: $836MFounded by J. Ralph Atkin– 19% YoY revenue increase- Strong Q3 2024 performance- Improved fleet utilization- Partnerships with major carriers
Stanley Black & DeckerSWKManufacturing– Revenue: $3.90B (Q1 2024)- Gross Margin: 28.6%- EPS: $0.13 (GAAP), $0.56 (Adjusted)- Expected Savings: $1.5B by 2024Led by former CEO Nolan D. Archibald– Cost reduction program- Margin improvement initiatives- Divestiture of STANLEY Infrastructure- Focus on core business growth
Nu Skin EnterprisesNUSPersonal Care– Revenue: $1.97B (2023)- EPS: $0.17 (2023)- Gross Margin: 72.1% (Q4 2023)- Dividend Payments: $19.3M (2023)Founded by Blake Roney, Sandie Tillotson, and Steve Lund– Strong gross margins- Dividend payments- Focus on beauty and wellness sectors- Expansion in international markets
Deseret Management CorporationNot Publicly TradedDiversified Management– Annual Turnover: ~$1.2B- Portfolio: Media, publishing, hospitalityOwned directly by the LDS Church– Diverse holdings in media and communications- Management of the Church’s for-profit entities- Strategic approach to commercial activities
Franklin Covey CompanyNot Publicly TradedProfessional Services– Revenue: $73.40M- Net Income: $5.70M- Retention Rate: 90%Founded by Stephen R. Covey– Strong customer retention- Focus on leadership and personal development- Projected upside: 34.60%
Vivint Smart Home, Inc.Not Publicly TradedSmart Home Technology– Customer Base: 1 million+- Acquisition Value: $2B (2012)Founded by Todd Peterson– Strong presence in the smart home market- Innovative products and services- Direct-to-consumer model
Domo, Inc.DOMOBusiness Intelligence– Revenue: $78.40M- Subscription Revenue: 90.4%- Cash Position: $55.70MFounded by Josh James– High subscription revenue percentage- Strong cash position- Innovative data analytics platform
Qualtrics International Inc.Not Publicly TradedExperience Management– Revenue: $1.53B- Market Cap: $11B- Gross Margin: 70.39%- Cash Position: $806.72MFounded by Ryan and Jared Smith– Market leader in experience management- Strong revenue growth- High gross margins- Acquired by SAP for $8B

Are Latter Day Saints Owned Companies Good Investments?

Mormon-owned companies demonstrate remarkable staying power and growth across various sectors, making them excellent options for retirement portfolios. From Marriott International’s steady dividend growth to Qualtrics’ innovative breakthroughs, these organizations illustrate how Mormon business principles lead to lasting financial success.

The proven track records of these companies should interest retirement investors who want their values and financial security to match. Marriott’s 21.95% dividend payout ratio and Nu Skin’s 74.4% gross margin show the financial discipline that defines Mormon-owned enterprises. 

If you want to build Mormon retirement portfolios should look for a qualified financial advisor who understands your needs and can manage risk. Our advisor matching tool can connect you with a Mormon financial advisor who can help you manage your wealth with investments that reflect LDS values.

The success of these companies comes from core Mormon business principles — low debt, big cash reserves, and a long-term point of view. Companies of all types, from Vivint’s smart home technology to Deseret Management’s media empire, give investors many ways to spread their retirement investments while staying true to their values.

FAQs

1. What are some major companies owned by Mormons? 

Several significant companies owned by Mormons include the Beneficial Financial Group, a financial services and insurance company with assets totaling $3.1 billion; Bonneville International, ranking as the 14th largest radio chain in the U.S.; and Deseret News, the second-largest newspaper in Utah, are also notable mentions.

2. What are the primary stock investments of the Mormon Church? 

The Mormon Church holds substantial investments in major corporations. As of the latest reports, their top holdings include significant shares in Nvidia, Alphabet, Amazon, Meta Platforms, Mastercard, UnitedHealth Group, JPMorgan, and Eli Lilly.

3. Does the LDS Church have investments in Tesla? 

Yes, the LDS Church has investments in Tesla among other major companies. Their portfolio includes substantial holdings in several top corporations, with Tesla being one of the significant investments valued at $655 million.

4. How much Coca-Cola stock is owned by the Mormon Church? The Mormon Church has not disclosed that it owns stock in Coca-Cola.

5. Can you list some businesses owned by the Mormon Church? 

The Church of Jesus Christ of Latter-day Saints owns a variety of businesses through holding companies. These include Beneficial Financial Group, Bonneville International, Deseret News, Deseret Book, Hawaii Reserves, and Temple Square Hospitality. Additionally, they own Intellectual Reserve, which manages the church’s intellectual property.

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