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Investors are always looking to outperform the market and are looking for stocks that deliver consistent long-term gains. And perhaps to the surprise of some, many non-tech stocks have outperformed the impressive 250% gain of the S&P 500 index over the past decade.

Three stocks - Builders FirstSource $BLDR-1.5%, Live Nation Entertainment $LYV-0.4% and Domino's Pizza $DPZ-0.9% - have outperformed the S&P 500 Index over the past decade, and all have delivered at least a 15% annual return.

In addition to delivering the highest returns in the market, all three stocks currently have a favorable Zacks Rank, reflecting analyst optimism.

Domino's Pizza, Inc. $DPZ-0.9%

Analysts have become optimistic about Domino's Pizza's outlook, which has helped earn the company's stock a Zacks Rank #1 (Strong Buy). Impressively, DPZ stock has delivered an annualized return of nearly 22% over the past decade versus 13.3% for the S&P 500 Index.

Income-focused investors will no doubt appreciate the shareholder-friendliness of DPZ stock; DPZ stock currently yields an annual return of 1.2%, while its payout has grown nearly 20% annually over the past five years.

The company is expected to witness solid growth, with earnings projected to grow by 10% this year and a further 15% in FY24. DPZ shares are trading at a high multiple but are not that expensive on a relative basis, with the current 28.9 times forward earnings multiple below the 10-year median of 30.5 times and the peak of 33.1 times in 2022.

$482.05 -$4.60 -0.95%
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Live Nation Entertainment, Inc. $LYV-0.4%

Live Nation Entertainment, which currently has a Zacks Rank #1 (Strong Buy), has enjoyed positive earnings estimate revisions at nearly all time horizons, with this trend being particularly notable for its current fiscal year. LYV stock has delivered an annualized return of roughly 18% over the past decade.

The company's revenues have recovered nicely from pandemic lows and have recently seen an acceleration, as shown below. In its most recent quarterly report, Live Nation Entertainment reported revenue of $5.6 billion, a 27% year-over-year improvement.

Growth is expected to continue, with earnings up 35% this year on the back of 20% higher sales. By FY24, another 90% increase in profits is expected on a 7% increase in sales.

$91.82 -$0.39 -0.42%
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Builders FirstSource, Inc. $BLDR-1.5%

Builders FirstSource, which has a Zacks Rank #1 (Strong Buy), has seen positive earnings outlook growth, with analysts raising their expectations significantly in the past few months. BLDR stock, which is undoubtedly the most impressive of the bunch, has delivered a nearly 40% annual return over the past decade.

The company's shares have been consistently lifted by better-than-expected results in 2023. In the most recent report alone, BLDR beat the Zacks Consensus Estimate for earnings per share by more than 40% and reported earnings 6.6% higher than expected.

$179.31 -$2.78 -1.53%
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The bottom line

Not all high-performing stocks come from the technology sector, with many of them significantly outperforming the overall market over the past decade.

That's exactly the case with Builders FirstSource (BLDR), Live Nation Entertainment (LYV) and Domino's Pizza (DPZ), all three of which have delivered annual returns in excess of 15% over the past decade.

In addition, all three companies have enjoyed positive earnings estimate revisions, reflecting analyst optimism and providing fuel for the stock to continue to rise.

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