Top Industrials Stocks by Gross Margin
Top industrials companies ranked by gross margin, latest annual filings.
What Gross Margin Means for Industrials Companies
Gross margin in industrials captures what is left of revenue after raw materials, component costs, factory labor, and direct manufacturing overhead are paid. The typical industrial carries a materially heavier cost of goods than a software or services firm because every unit shipped consumes physical inputs. Aerospace and defense contractors tend to sit at the richer end of the sector thanks to long-cycle program economics, while short-cycle distributors and commodity-exposed machinery makers sit lower.
Why It Matters in Industrials
Industrial gross margin is heavily tied to volume leverage and input costs: fixed manufacturing overhead is absorbed more efficiently when factories run full, and steel, copper, or energy input swings show up here first. A widening gross margin during a cyclical upturn is often more about operating leverage than true pricing gains. That is why margin changes need to be read against the cycle; what looks like progress in a good year can reverse when volumes fall.
What to Read Alongside
Pair gross margin with [Revenue](/financials/top-revenue-stocks/industrials/) to frame the cyclical volume backdrop, [Operating Margin](/financials/top-operating-margin-stocks/industrials/) to capture SG&A discipline layered on top of direct production costs, and [Net Margin](/financials/top-net-margin-stocks/industrials/) for bottom-line translation after interest and tax are loaded in.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | NMM | Navios Maritime Partners L.P. | Industrials | 90.50% | $2.00B |
| 2 | DLB | Dolby Laboratories, Inc. | Industrials | 88.13% | $6.18B |
| 3 | HSHP | Himalaya Shipping Ltd. | Industrials | 78.77% | $0.67B |
| 4 | SBC | SBC Medical Group Holdings Incorporated | Industrials | 73.32% | $0.46B |
| 5 | GPN | Global Payments Inc. | Industrials | 72.57% | $19.92B |
| 6 | VRSK | Verisk Analytics, Inc. | Industrials | 69.88% | $23.33B |
| 7 | OTTR | Otter Tail Corporation | Industrials | 69.02% | $3.70B |
| 8 | EGG | Enigmatig Limited | Industrials | 68.76% | $0.19B |
| 9 | CODA | Coda Octopus Group, Inc. | Industrials | 66.49% | $0.15B |
| 10 | LZ | LegalZoom.com, Inc. | Industrials | 65.88% | $1.12B |
| 11 | BOC | Boston Omaha Corporation | Industrials | 65.84% | $0.38B |
| 12 | ERII | Energy Recovery, Inc. | Industrials | 65.14% | $0.56B |
| 13 | SNT | Senstar Technologies Corporation | Industrials | 64.10% | $0.07B |
| 14 | BYRN | Byrna Technologies Inc. | Industrials | 60.51% | $0.15B |
| 15 | DEVS | DevvStream Corp. | Industrials | 60.51% | $0.01B |
| 16 | TDG | TransDigm Group Incorporated | Industrials | 60.14% | $71.49B |
| 17 | OFLX | Omega Flex, Inc. | Industrials | 60.02% | $0.34B |
| 18 | VLTO | Veralto Corporation | Industrials | 59.95% | $22.34B |
| 19 | AXON | Axon Enterprise, Inc. | Industrials | 59.65% | $32.46B |
| 20 | EFX | Equifax Inc. | Industrials | 56.45% | $23.67B |
| 21 | RHLD | Resolute Holdings Management, Inc. | Industrials | 56.32% | $1.25B |
| 22 | NSSC | Napco Security Technologies, Inc. | Industrials | 55.63% | $1.62B |
| 23 | NDSN | Nordson Corporation | Industrials | 55.16% | $15.72B |
| 24 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 54.77% | $9.86B |
| 25 | BWMN | Bowman Consulting Group Ltd. | Industrials | 53.37% | $0.54B |
| 26 | DLX | Deluxe Corporation | Industrials | 53.00% | $1.40B |
| 27 | EMR | Emerson Electric Co. | Industrials | 52.84% | $82.25B |
| 28 | LOAR | Loar Holdings Inc. | Industrials | 52.66% | $6.32B |
| 29 | GGG | Graco Inc. | Industrials | 52.45% | $14.38B |
| 30 | WSC | WillScot Holdings Corporation | Industrials | 51.00% | $3.66B |
| 31 | EPAC | Enerpac Tool Group Corp. | Industrials | 50.55% | $1.84B |
| 32 | BRC | Brady Corporation | Industrials | 50.27% | $3.98B |
| 33 | CTAS | Cintas Corporation | Industrials | 50.04% | $71.68B |
| 34 | WTS | Watts Water Technologies, Inc. | Industrials | 49.46% | $10.10B |
| 35 | ULS | UL Solutions Inc. | Industrials | 49.46% | $18.45B |
| 36 | RSG | Republic Services, Inc. | Industrials | 49.39% | $64.16B |
| 37 | HLMN | Hillman Solutions Corp. | Industrials | 48.73% | $1.74B |
| 38 | SPCB | SuperCom Ltd. | Industrials | 48.43% | $0.04B |
| 39 | MGRC | McGrath RentCorp | Industrials | 48.18% | $2.88B |
| 40 | ROK | Rockwell Automation, Inc. | Industrials | 48.14% | $46.71B |
| 41 | ISSC | Innovative Aerosystems, Inc. | Industrials | 48.06% | $0.39B |
| 42 | HAYW | Hayward Holdings, Inc. | Industrials | 48.00% | $3.32B |
| 43 | AYI | Acuity Inc. | Industrials | 47.83% | $8.87B |
| 44 | CMPR | Cimpress plc | Industrials | 47.53% | $1.97B |
| 45 | MIR | Mirion Technologies, Inc. | Industrials | 47.40% | $4.95B |
| 46 | CYRX | Cryoport, Inc. | Industrials | 47.14% | $0.52B |
| 47 | MSA | MSA Safety Incorporated | Industrials | 46.46% | $6.72B |
| 48 | FTEK | Fuel Tech, Inc. | Industrials | 46.42% | $0.04B |
| 49 | TAYD | Taylor Devices, Inc. | Industrials | 46.40% | $0.18B |
| 50 | HSON | Hudson Global, Inc. | Industrials | 46.39% | $0.03B |
| 51 | STRR | Star Equity Holdings, Inc. | Industrials | 46.39% | $0.04B |
| 52 | ANPA | Rich Sparkle Holdings Limited | Industrials | 46.18% | $0.13B |
| 53 | FTAI | FTAI Aviation Ltd. | Industrials | 46.17% | $26.58B |
| 54 | KAI | Kadant Inc. | Industrials | 45.21% | $3.92B |
| 55 | ALLE | Allegion plc | Industrials | 45.20% | $12.43B |
| 56 | ZWS | Zurn Elkay Water Solutions Corporation | Industrials | 45.10% | $8.00B |
| 57 | FAST | Fastenal Company | Industrials | 45.01% | $52.56B |
| 58 | CSW | CSW Industrials, Inc. | Industrials | 44.78% | $4.78B |
| 59 | THR | Thermon Group Holdings, Inc. | Industrials | 44.74% | $1.78B |
| 60 | FBIN | Fortune Brands Innovations, Inc. | Industrials | 44.57% | $4.85B |
| 61 | IEX | IDEX Corporation | Industrials | 44.51% | $15.28B |
| 62 | PRLB | Proto Labs, Inc. | Industrials | 44.48% | $1.53B |
| 63 | RBC | RBC Bearings Incorporated | Industrials | 44.37% | $18.65B |
| 64 | KRNT | Kornit Digital Ltd. | Industrials | 44.32% | $0.76B |
| 65 | ACCL | Acco Group Holdings Limited | Industrials | 44.10% | $0.02B |
| 66 | ITW | Illinois Tool Works Inc. | Industrials | 44.10% | $78.43B |
| 67 | ARLO | Arlo Technologies, Inc. | Industrials | 43.99% | $1.62B |
| 68 | TRSG | Tungray Technologies Inc. | Industrials | 43.70% | $0.02B |
| 69 | IR | Ingersoll Rand Inc. | Industrials | 43.61% | $33.60B |
| 70 | CODI | Compass Diversified | Industrials | 43.47% | $0.79B |
| 71 | NPO | Enpro Inc. | Industrials | 42.64% | $5.95B |
| 72 | CDRE | Cadre Holdings, Inc. | Industrials | 42.54% | $1.34B |
| 73 | CXT | Crane NXT, Co. | Industrials | 42.48% | $2.67B |
| 74 | WCN | Waste Connections, Inc. | Industrials | 42.37% | $40.68B |
| 75 | CR | Crane Company | Industrials | 42.20% | $11.13B |
| 76 | BAER | Bridger Aerospace Group Holdings, Inc. | Industrials | 42.08% | $0.12B |
| 77 | BCHT | Birchtech Corp. | Industrials | 41.99% | $0.04B |
| 78 | GFF | Griffon Corporation | Industrials | 41.99% | $4.09B |
| 79 | ENR | Energizer Holdings, Inc. | Industrials | 41.75% | $1.40B |
| 80 | CRE | Cre8 Enterprise Limited | Industrials | 40.83% | $0.00B |
| 81 | MSM | MSC Industrial Direct Co., Inc. | Industrials | 40.75% | $5.44B |
| 82 | AWI | Armstrong World Industries, Inc. | Industrials | 40.64% | $7.69B |
| 83 | SPXC | SPX Technologies, Inc. | Industrials | 40.51% | $11.22B |
| 84 | PNR | Pentair plc | Industrials | 40.48% | $14.72B |
| 85 | WM | Waste Management, Inc. | Industrials | 40.44% | $90.23B |
| 86 | WFF | WF Holding Limited | Industrials | 40.36% | $0.01B |
| 87 | KRMN | Karman Holdings Inc. | Industrials | 40.30% | $11.08B |
| 88 | MEG | Montrose Environmental Group, Inc. | Industrials | 40.26% | $0.78B |
| 89 | TNC | Tennant Company | Industrials | 40.24% | $1.42B |
| 90 | MMM | 3M Company | Industrials | 39.91% | $80.74B |
| 91 | SXI | Standex International Corporation | Industrials | 39.90% | $3.37B |
| 92 | GTES | Gates Industrial Corporation plc | Industrials | 39.84% | $6.49B |
| 93 | HEI | HEICO Corporation | Industrials | 39.83% | $40.68B |
| 94 | DOV | Dover Corporation | Industrials | 39.77% | $29.53B |
| 95 | TREX | Trex Company, Inc. | Industrials | 39.17% | $4.44B |
| 96 | XMTR | Xometry, Inc. | Industrials | 39.14% | $2.56B |
| 97 | MIDD | The Middleby Corporation | Industrials | 39.11% | $6.72B |
| 98 | GWW | W.W. Grainger, Inc. | Industrials | 39.06% | $55.04B |
| 99 | AOS | A. O. Smith Corporation | Industrials | 38.83% | $8.96B |
| 100 | AVAV | AeroVironment, Inc. | Industrials | 38.83% | $9.69B |
No companies match this search.
How this ranking is built
Companies are ranked by gross margin 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.