Equity Research Rewind

Highlighting our unique insights across key growth sectors.

Q3 2025

Equity Research Rewind is a publication highlighting William Blair’s in-depth thematic research from the past quarter. The Q3 2025 edition features comprehensive analysis across seven themes: the rapid expansion of unattended retail and its impact on electronic payments; the disruptive rise of next-generation consumer brands; transformative growth in high-volume, low-price fitness clubs; the evolving landscape of DevSecOps in technology; the cyclical inflection point in the energy sector; the growing importance of advanced specialty care in healthcare; and urgent solutions to global water infrastructure challenges.

Consumer

High-Volume, Low-Price Fitness Clubs Are Driving Growth and Investment

Sharon Zackfia, CFA, partner, explores how this segment has emerged as a transformative force within the U.S. fitness industry, fundamentally reshaping market dynamics and driving unprecedented membership growth.
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Industry Insights—Next-Generation Brands: Ripples in Still Water

In the latest Industry Insights report, William Blair’s Jon Andersen identifies how next-generation brands drive scale and build long-term profitability and shareholder value.
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Energy and Power Technologies

“Can’t Fight This Feeling:” Approaching Energy Cyclical Bottom, Likely Inflection Point

William Blair’s Neal Dingmann, research analyst in the energy and power technologies group, describes his stance on oil, natural gas, the demand from data centers, and more.
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Financial Services and Technology

Unattended Retail: Driving Incremental Growth of Electronic Payments

Cristopher Kennedy, CFA, examines unattended retail and highlights key beneficiaries of this growing market.
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Healthcare

Healthcare Mosaic—Advanced Specialty Care Update

William Blair’s Ryan Daniels, CFA, partner, dives into the growing importance of advanced specialty care in the value-based care market.
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Industrials

Tapping Into the World of Water

In a recent report by William Blair’s Brian Drab, we highlight global problems related to water, including water scarcity, aging infrastructure, and water quality and contamination. The report also details several solutions that we believe are critical to addressing these problems.
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Technology, Media, and Communications

On the Ground and In the Cloud—A Developer Technology Quarterly: DevSecOps Refresh Edition

William Blair technology analysts examine the evolving DevSecOps market, which reveals a fragmented yet rapidly growing sector, projected to reach $15.6 billion by 2028.
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William Blair Thinking

William Blair Thinking Podcast

William Blair Thinking

Equity Research Rewind

Q3 2025

Consumer

High-Volume, Low-Price Fitness Clubs Are Driving Growth and Investment

Industry Insights—Next-Generation Brands: Ripples in Still Water

Energy and Power Technologies

“Can’t Fight This Feeling:” Approaching Energy Cyclical Bottom, Likely Inflection Point

Financial Services and Technology

Unattended Retail: Driving Incremental Growth of Electronic Payments

Healthcare

Healthcare Mosaic—Advanced Specialty Care Update

Industrials

Tapping Into the World of Water

Technology, Media, and Communications

On the Ground and In the Cloud—A Developer Technology Quarterly: DevSecOps Refresh Edition

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