undamentalytics Newsletter

Industrials stocks

659 US-listed companies in the industrials sector reported $2.98tn of revenue in their latest fiscal years. FedEx is the largest, with $94.7bn. Among companies with at least $100m of revenue, the median grew 4.9% and kept 5.3% of revenue as net income.

Companies659
Combined revenue$2.98tn
Median revenue growth4.9%
Median net margin5.3%
Median return on equity11.2%

Largest industrials companies

#CompanyRevenueGrowthNet marginROEFiscal year
1 FedExFDX $94.7bn 7.7% 4.7% 14.8% 2026
2 BoeingBA $89.5bn 34.5% 2.5% — 2025
3 United Parcel ServiceUPS $88.7bn −2.6% 6.3% 33.8% 2025
4 RTX CorporationRTX $88.6bn 9.7% 7.6% 10.7% 2025
5 Lockheed MartinLMT $75.0bn 5.6% 6.7% 76.9% 2025
6 Caterpillar Inc.CAT $67.6bn 4.3% 13.1% 43.5% 2025
7 Delta Air LinesDAL $63.4bn 2.8% 7.9% 27.7% 2025
8 United Airlines HoldingsUAL $59.1bn 3.5% 5.7% 24.0% 2025
9 American Airlines Group Inc.AAL $54.6bn 0.8% 0.2% — 2025
10 General DynamicsGD $52.5bn 10.1% 8.0% 17.7% 2025
11 UberUBER $52.0bn 18.3% 19.3% 41.4% 2025
12 GE AerospaceGE $45.9bn 18.5% 19.0% 45.8% 2025
13 Deere & CompanyDE $45.7bn −11.7% 11.0% 20.6% 2025
14 Northrop GrummanNOC $42.0bn 2.2% 10.0% 26.2% 2025
15 GE VernovaGEV $38.1bn 9.0% 12.8% 47.1% 2025
16 Honeywell TechnologiesHON $37.4bn 7.8% 12.6% 29.1% 2025
17 CumminsCMI $33.7bn −1.3% 8.4% 25.1% 2025
18 Ferguson EnterprisesFERG $30.8bn 3.8% 6.0% 32.4% 2025
19 Mercadolibre IncMELI $28.9bn 39.1% 6.9% 36.0% 2025
20 Quanta ServicesPWR $28.5bn 20.3% 3.6% 12.7% 2025
21 PaccarPCAR $28.4bn −15.5% 8.4% 12.9% 2025
22 Southwest AirlinesLUV $28.1bn 2.1% 1.6% 4.8% 2025
23 Eaton CorporationETN $27.4bn 10.3% 14.9% 21.6% 2025
24 Waste ManagementWM $25.2bn 14.2% 10.7% 29.7% 2025
25 3MMMM $24.9bn 1.5% 13.0% 76.1% 2025

Industries in industrials

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.