The US market offers an eye-watering range of growth stocks that you can invest in.

These companies should have a strong brand, boast a track record of steady growth, and possess catalysts that can help the business to grow steadily into the future.

Armed with these characteristics, you can now filter out these stocks to own for the long term.

We sieve out four promising US growth stocks that you can consider adding to your buy watchlist.

Grab Holdings (NASDAQ: GRAB)

Grab operates a super app in Southeast Asia covering the deliveries, mobility, and digital financial services sectors.

The company reported a robust set of earnings for 2024 with revenue increases across all three of its divisions.

Revenue rose 18.6% year on year to US$2.8 billion, led by a 14% year-on-year increase in Deliveries division revenue to US$1.5 billion.

The Mobility division saw revenue climb 22% year on year to surpass US$1 billion.

Meanwhile, Grab’s Digital Financial Services division recorded a year-on-year revenue surge of 44% to hit US$253 million.

At the company level, Grab saw its free cash flow improve sharply, going from being slightly negative for 2023 to a positive free cash flow of US$739 million for 2024.

Operating metrics also showed good progress, with monthly transacting users (MTUs) increasing by 16% year on year to 41.3 million.

The company’s on-demand gross merchandise value also continued its rise, hitting US$18.4 billion, up 16% year on year.

As for its loan portfolio, this surged by 64% year on year to US$536 million.

For this year, Grab expects revenue to come in between US$3.33 billion to US$3.4 billion, representing a year-on-year growth of between 19% to 22%.

Lululemon (NASDAQ: LULU)

Lululemon is a manufacturer and retailer of athletic apparel, footwear and accessories for yoga, training, and running.

The company reported strong earnings for the first nine months of fiscal 2025 (9M FY2025) ending 31 October 2024.

Revenue rose 8.8% year on year to US$6.9 billion while operating profit climbed 20.1% year on year to US$1.46 billion.

Net profit grew 21.1% year on year to US$1.1 billion.

The yoga apparel maker also generated a positive free cash flow of US$417.1 million for 9M FY2025, though this was 10.6% lower than a year ago.

For the third quarter of fiscal 2025, comparable sales increased by 4%.

International comparable sales did very well with a 25% increase, but this was offset by American comparable sales which dipped by 2%.

Just last month, Lululemon upgraded its guidance for the fourth quarter of fiscal 2025.

It expects net revenue to be in the range of US$3.56 billion to US$3.58 billion, up from the previous range of between US$3.475 billion to US$3.51 billion.

Gross margin is also projected to increase by 0.3 percentage points versus the guidance for a 0.2 to 0.3 percentage point decrease.

Carnival Corporation (NYSE: CCL)

Carnival Corporation is one of the largest cruise companies in the world with a portfolio of famous brands such as AIDA Cruises, Costa Cruises, and Carnival Cruise Line.

The company is seeing demand for cruises roar back after the end of the pandemic, and its 2024 earnings saw revenue hit an all-time high of US$25 billion, up nearly 16% from the previous year.

Operating profit soared 82.7% year on year to US$3.6 billion while net profit stood at US$1.9 billion, reversing 2023’s net loss of US$74 million.

The cruise company also generated a positive free cash flow of US$1.3 billion, 30% higher than a year ago.

Management also reported that the cumulative booked position for 2025 is at an all-time high for both price and occupancy, reflecting strong demand for cruises.

Customer deposits have grown significantly since the end of 2019, going from US$4.9 billion to US$6.8 billion.

This trend is driven by strong demand at higher prices and increased bundled fares with onboard amenities.

For 2025, management intends to increase net yields through revenue optimisation initiatives.

Carnival Corporation will also seek out opportunities in the commercial space to grow the business further.

Airbnb (NASDAQ: ABNB)

Airbnb operates a platform that connects hosts with guests seeking short-term accommodation.

The company was founded in 2007 and has since grown to over five million hosts who have welcomed two million guests in nearly every country in the world.

Airbnb reported a strong set of earnings for 2024 with revenue rising almost 12% year on year to US$11.1 billion.

Operating income stood at US$2.6 billion, up 68% year on year.

However, net profit declined from US$4.8 billion to US$2.6 billion because of a tax credit in 2023.

Excluding this, and applying the same tax rate for 2024, net profit would have grown by 58.5% year on year instead.

The accommodation platform also generated 16% higher free cash flow at US$4.5 billion for 2024.

Operating metrics were also robust, with gross booking value rising 12% year on year to US$81.8 billion.

Nights and experiences booked hit 491.5 million for 2024, up 10% year on year.

For 2025, management intends to invest US$200 million to US$250 million to launch and scale new businesses which will be introduced later in the year.

These new businesses are expected to contribute more to revenue growth as they scale in the coming years.

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Disclosure: Royston Yang owns shares of Lululemon.