Top Industrials Stocks by EBITDA
Top industrials companies ranked by ebitda, latest annual filings.
What EBITDA Means for Industrials Companies
EBITDA removes interest, taxes, depreciation, and amortization from earnings to show operating profit before capital structure and accounting choices. In industrials the add-back of depreciation is especially large because the sector is capital-heavy: factories, machine tools, transportation fleets, and distribution networks all generate substantial D&A. That makes EBITDA meaningfully higher than operating income for most firms here, and it shapes how buyers and lenders frame deals across the industry.
Why It Matters Less in Industrials
EBITDA can flatter industrial businesses because the depreciation it ignores reflects real capital that must be replaced to keep plants and fleets running. A firm whose EBITDA looks robust may still generate modest free cash flow after sustaining capex. Operating leverage on volume also cuts both ways: EBITDA margins expand sharply when orders rise, then compress just as quickly through a downturn, so single-period figures can misrepresent cross-cycle economics.
What to Read Alongside
Pair EBITDA with [Capex](/financials/biggest-capex-stocks/industrials/) to size the sustaining reinvestment gap the metric ignores, [Free Cash Flow](/financials/top-free-cash-flow-stocks/industrials/) for the cash that actually remains after that spending, and [Operating Margin](/financials/top-operating-margin-stocks/industrials/) for the fully-costed view.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | RTX | RTX Corporation | Industrials | $13.68B | $241.61B |
| 2 | CAT | Caterpillar Inc. | Industrials | $13.41B | $433.18B |
| 3 | UNP | Union Pacific Corporation | Industrials | $12.34B | $156.68B |
| 4 | UPS | United Parcel Service, Inc. | Industrials | $10.87B | $93.69B |
| 5 | HON | Honeywell International Inc. | Industrials | $9.52B | $137.91B |
| 6 | FDX | FedEx Corporation | Industrials | $9.48B | $78.26B |
| 7 | LMT | Lockheed Martin Corporation | Industrials | $9.42B | $119.67B |
| 8 | DAL | Delta Air Lines, Inc. | Industrials | $8.27B | $52.24B |
| 9 | UAL | United Airlines Holdings, Inc. | Industrials | $7.65B | $34.06B |
| 10 | WM | Waste Management, Inc. | Industrials | $7.17B | $87.95B |
| 11 | GD | General Dynamics Corporation | Industrials | $6.28B | $92.35B |
| 12 | BA | The Boeing Company | Industrials | $6.23B | $171.39B |
| 13 | CSX | CSX Corporation | Industrials | $6.20B | $85.90B |
| 14 | NOC | Northrop Grumman Corporation | Industrials | $5.98B | $77.43B |
| 15 | MMM | 3M Company | Industrials | $5.94B | $79.68B |
| 16 | NSC | Norfolk Southern Corporation | Industrials | $5.75B | $68.99B |
| 17 | PH | Parker-Hannifin Corporation | Industrials | $5.26B | $109.98B |
| 18 | CMI | Cummins Inc. | Industrials | $5.13B | $93.57B |
| 19 | RSG | Republic Services, Inc. | Industrials | $5.12B | $63.97B |
| 20 | ITW | Illinois Tool Works Inc. | Industrials | $4.53B | $72.25B |
| 21 | TDG | TransDigm Group Incorporated | Industrials | $4.53B | $68.69B |
| 22 | URI | United Rentals, Inc. | Industrials | $4.41B | $67.95B |
| 23 | TT | Trane Technologies plc | Industrials | $4.34B | $102.52B |
| 24 | AAL | American Airlines Group Inc. | Industrials | $3.67B | $8.80B |
| 25 | CARR | Carrier Global Corporation | Industrials | $3.45B | $56.93B |
| 26 | LHX | L3Harris Technologies, Inc. | Industrials | $3.33B | $57.71B |
| 27 | GTLS | Chart Industries, Inc. | Industrials | $3.18B | $9.93B |
| 28 | GPN | Global Payments Inc. | Industrials | $2.98B | $18.55B |
| 29 | FERG | Ferguson Enterprises Inc. | Industrials | $2.98B | $44.72B |
| 30 | WCN | Waste Connections, Inc. | Industrials | $2.94B | $39.12B |
| 31 | CTAS | Cintas Corporation | Industrials | $2.85B | $72.01B |
| 32 | GWW | W.W. Grainger, Inc. | Industrials | $2.83B | $60.88B |
| 33 | ADT | ADT Inc. | Industrials | $2.68B | $5.13B |
| 34 | PWR | Quanta Services, Inc. | Industrials | $2.53B | $107.92B |
| 35 | AME | AMETEK, Inc. | Industrials | $2.33B | $52.43B |
| 36 | HWM | Howmet Aerospace Inc. | Industrials | $2.33B | $99.76B |
| 37 | OTIS | Otis Worldwide Corporation | Industrials | $2.31B | $26.80B |
| 38 | WAB | Westinghouse Air Brake Technologies Corporation | Industrials | $2.29B | $44.54B |
| 39 | GEV | GE Vernova Inc. | Industrials | $2.24B | $258.87B |
| 40 | VRT | Vertiv Holdings Co | Industrials | $2.14B | $124.42B |
| 41 | ROK | Rockwell Automation, Inc. | Industrials | $2.03B | $51.44B |
| 42 | LUV | Southwest Airlines Co. | Industrials | $1.99B | $20.19B |
| 43 | ZTO | ZTO Express (Cayman) Inc. | Industrials | $1.98B | $17.23B |
| 44 | CPRT | Copart, Inc. | Industrials | $1.91B | $28.49B |
| 45 | EME | EMCOR Group, Inc. | Industrials | $1.90B | $37.57B |
| 46 | FAST | Fastenal Company | Industrials | $1.83B | $54.14B |
| 47 | EFX | Equifax Inc. | Industrials | $1.82B | $20.36B |
| 48 | XYL | Xylem Inc. | Industrials | $1.80B | $26.19B |
| 49 | DOV | Dover Corporation | Industrials | $1.75B | $28.75B |
| 50 | ODFL | Old Dominion Freight Line, Inc. | Industrials | $1.73B | $51.06B |
| 51 | IR | Ingersoll Rand Inc. | Industrials | $1.65B | $28.18B |
| 52 | UHAL | U-Haul Holding Company | Industrials | $1.62B | $10.72B |
| 53 | VRSK | Verisk Analytics, Inc. | Industrials | $1.60B | $23.58B |
| 54 | JBHT | J.B. Hunt Transport Services, Inc. | Industrials | $1.58B | $26.72B |
| 55 | WCC | WESCO International, Inc. | Industrials | $1.43B | $17.79B |
| 56 | SNA | Snap-on Incorporated | Industrials | $1.43B | $19.63B |
| 57 | HUBB | Hubbell Incorporated | Industrials | $1.41B | $25.64B |
| 58 | MAS | Masco Corporation | Industrials | $1.40B | $14.10B |
| 59 | BLDR | Builders FirstSource, Inc. | Industrials | $1.38B | $8.06B |
| 60 | VLTO | Veralto Corporation | Industrials | $1.35B | $20.81B |
| 61 | ARMK | Aramark | Industrials | $1.27B | $14.03B |
| 62 | HEI | HEICO Corporation | Industrials | $1.22B | $46.50B |
| 63 | CSL | Carlisle Companies Incorporated | Industrials | $1.20B | $13.86B |
| 64 | RBA | RB Global, Inc. | Industrials | $1.20B | $19.66B |
| 65 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | $1.20B | $9.58B |
| 66 | RRX | Regal Rexnord Corporation | Industrials | $1.19B | $14.24B |
| 67 | OSK | Oshkosh Corporation | Industrials | $1.16B | $8.30B |
| 68 | LII | Lennox International Inc. | Industrials | $1.15B | $18.03B |
| 69 | XPO | XPO, Inc. | Industrials | $1.12B | $25.74B |
| 70 | CLH | Clean Harbors, Inc. | Industrials | $1.12B | $15.16B |
| 71 | EXPD | Expeditors International of Washington, Inc. | Industrials | $1.11B | $20.94B |
| 72 | ALK | Alaska Air Group, Inc. | Industrials | $1.10B | $4.76B |
| 73 | ACM | AECOM | Industrials | $1.07B | $9.34B |
| 74 | OC | Owens Corning | Industrials | $1.05B | $9.69B |
| 75 | MLI | Mueller Industries, Inc. | Industrials | $1.03B | $14.66B |
| 76 | KNX | Knight-Swift Transportation Holdings Inc. | Industrials | $1.00B | $12.77B |
| 77 | AMTM | Amentum Holdings, Inc. | Industrials | $1.00B | $5.69B |
| 78 | ALLE | Allegion plc | Industrials | $0.99B | $11.20B |
| 79 | HII | Huntington Ingalls Industries, Inc. | Industrials | $0.99B | $11.61B |
| 80 | SKYW | SkyWest, Inc. | Industrials | $0.98B | $3.31B |
| 81 | PNR | Pentair plc | Industrials | $0.98B | $11.77B |
| 82 | BLD | TopBuild Corp. | Industrials | $0.96B | $11.44B |
| 83 | TRN | Trinity Industries, Inc. | Industrials | $0.95B | $2.59B |
| 84 | KBR | KBR, Inc. | Industrials | $0.95B | $4.58B |
| 85 | J | Jacobs Solutions Inc. | Industrials | $0.95B | $14.59B |
| 86 | AGCO | AGCO Corporation | Industrials | $0.92B | $8.68B |
| 87 | CNM | Core & Main, Inc. | Industrials | $0.91B | $9.85B |
| 88 | IEX | IDEX Corporation | Industrials | $0.91B | $16.01B |
| 89 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | $0.90B | $21.76B |
| 90 | APG | APi Group Corporation | Industrials | $0.89B | $18.37B |
| 91 | BCO | The Brink's Company | Industrials | $0.88B | $4.16B |
| 92 | ESLT | Elbit Systems Ltd. | Industrials | $0.84B | $39.24B |
| 93 | WMS | Advanced Drainage Systems, Inc. | Industrials | $0.84B | $10.05B |
| 94 | ITT | ITT Inc. | Industrials | $0.83B | $17.28B |
| 95 | NVT | nVent Electric plc | Industrials | $0.83B | $28.12B |
| 96 | LECO | Lincoln Electric Holdings, Inc. | Industrials | $0.82B | $14.46B |
| 97 | AOS | A. O. Smith Corporation | Industrials | $0.81B | $7.86B |
| 98 | ATI | ATI Inc. | Industrials | $0.81B | $24.71B |
| 99 | REZI | Resideo Technologies, Inc. | Industrials | $0.80B | $4.58B |
| 100 | NDSN | Nordson Corporation | Industrials | $0.79B | $15.96B |
No companies match this search.
How this ranking is built
Companies are ranked by ebitda as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.