Top Industrials Stocks by Net Income
Top industrials companies ranked by net income, latest annual filings.
What Net Income Means for Industrials Companies
Net income in industrials breathes with the economic cycle. Backlogs, order intake, and factory utilization translate into reported profit with a lag, so a peak earnings year often coincides with the end of a capex upswing rather than the start of one. Because plant, equipment, and warranty reserves sit heavily on the income statement, a single year's profit rarely captures through-cycle earning power.
Why It Matters Less in Industrials
Operating leverage works both ways here: incremental volume flows powerfully to profit when utilization is high, and disappears just as quickly when demand softens. Firms that earn stable profit across downturns typically hold strong aftermarket service streams, long-dated service contracts, or diversified end markets. Restructuring charges and pension mark-to-market adjustments can also distort any single period, so multi-year averages are a more honest gauge than a snapshot.
What to Read Alongside
Read net income alongside Free Cash Flow to see reported profit backed by real cash generation, Capital Expenditures for the investment cycle that shapes future earning power, and Return on Equity for through-cycle capital efficiency.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | CAT | Caterpillar Inc. | Industrials | $8.88B | $370.15B |
| 2 | GE | GE Aerospace | Industrials | $8.70B | $331.79B |
| 3 | UNP | Union Pacific Corporation | Industrials | $7.14B | $162.82B |
| 4 | RTX | RTX Corporation | Industrials | $6.73B | $254.20B |
| 5 | UPS | United Parcel Service, Inc. | Industrials | $5.57B | $78.31B |
| 6 | DE | Deere & Company | Industrials | $5.03B | $187.37B |
| 7 | LMT | Lockheed Martin Corporation | Industrials | $5.02B | $120.87B |
| 8 | DAL | Delta Air Lines, Inc. | Industrials | $5.00B | $54.42B |
| 9 | GEV | GE Vernova Inc. | Industrials | $4.88B | $254.36B |
| 10 | HON | Honeywell International Inc. | Industrials | $4.73B | $67.12B |
| 11 | GD | General Dynamics Corporation | Industrials | $4.21B | $90.99B |
| 12 | NOC | Northrop Grumman Corporation | Industrials | $4.18B | $72.31B |
| 13 | ETN | Eaton Corporation plc | Industrials | $4.09B | $170.90B |
| 14 | AER | AerCap Holdings N.V. | Industrials | $3.75B | $22.86B |
| 15 | PH | Parker-Hannifin Corporation | Industrials | $3.65B | $122.96B |
| 16 | UAL | United Airlines Holdings, Inc. | Industrials | $3.35B | $36.09B |
| 17 | JCI | Johnson Controls International plc | Industrials | $3.29B | $88.05B |
| 18 | MMM | 3M Company | Industrials | $3.25B | $86.39B |
| 19 | ITW | Illinois Tool Works Inc. | Industrials | $3.07B | $77.47B |
| 20 | CMI | Cummins Inc. | Industrials | $2.96B | $71.73B |
| 21 | TT | Trane Technologies plc | Industrials | $2.92B | $96.49B |
| 22 | CSX | CSX Corporation | Industrials | $2.89B | $86.97B |
| 23 | NSC | Norfolk Southern Corporation | Industrials | $2.87B | $70.34B |
| 24 | WM | Waste Management, Inc. | Industrials | $2.71B | $83.12B |
| 25 | URI | United Rentals, Inc. | Industrials | $2.49B | $63.59B |
| 26 | PCAR | PACCAR Inc | Industrials | $2.38B | $58.25B |
| 27 | EMR | Emerson Electric Co. | Industrials | $2.29B | $87.09B |
| 28 | BA | The Boeing Company | Industrials | $2.23B | $155.54B |
| 29 | SPR | Spirit AeroSystems Holdings, Inc. | Industrials | $2.14B | $4.64B |
| 30 | RSG | Republic Services, Inc. | Industrials | $2.14B | $65.14B |
| 31 | TDG | TransDigm Group Incorporated | Industrials | $2.07B | $61.10B |
| 32 | CTAS | Cintas Corporation | Industrials | $2.00B | $78.98B |
| 33 | FERG | Ferguson Enterprises Inc. | Industrials | $1.86B | $42.59B |
| 34 | GWW | W.W. Grainger, Inc. | Industrials | $1.71B | $60.26B |
| 35 | LHX | L3Harris Technologies, Inc. | Industrials | $1.61B | $44.33B |
| 36 | CPRT | Copart, Inc. | Industrials | $1.55B | $25.96B |
| 37 | HWM | Howmet Aerospace Inc. | Industrials | $1.51B | $91.48B |
| 38 | TRI | Thomson Reuters Corporation | Industrials | $1.50B | $43.46B |
| 39 | CARR | Carrier Global Corporation | Industrials | $1.48B | $45.23B |
| 40 | AME | AMETEK, Inc. | Industrials | $1.48B | $56.80B |
| 41 | GPN | Global Payments Inc. | Industrials | $1.40B | $22.57B |
| 42 | OTIS | Otis Worldwide Corporation | Industrials | $1.38B | $25.38B |
| 43 | VRT | Vertiv Holdings Co | Industrials | $1.33B | $94.44B |
| 44 | ZTO | ZTO Express (Cayman) Inc. | Industrials | $1.30B | $14.64B |
| 45 | EME | EMCOR Group, Inc. | Industrials | $1.27B | $33.17B |
| 46 | FAST | Fastenal Company | Industrials | $1.26B | $58.21B |
| 47 | WAB | Westinghouse Air Brake Technologies Corporation | Industrials | $1.17B | $49.02B |
| 48 | DOV | Dover Corporation | Industrials | $1.09B | $25.31B |
| 49 | AL | Air Lease Corp | Industrials | $1.09B | $7.28B |
| 50 | WCN | Waste Connections, Inc. | Industrials | $1.08B | $39.23B |
| 51 | PWR | Quanta Services, Inc. | Industrials | $1.04B | $96.75B |
| 52 | ODFL | Old Dominion Freight Line, Inc. | Industrials | $1.02B | $36.27B |
| 53 | FIX | Comfort Systems USA, Inc. | Industrials | $1.02B | $57.84B |
| 54 | SNA | Snap-on Incorporated | Industrials | $1.02B | $19.02B |
| 55 | XYL | Xylem Inc. | Industrials | $0.96B | $23.97B |
| 56 | VLTO | Veralto Corporation | Industrials | $0.94B | $23.45B |
| 57 | TXT | Textron Inc. | Industrials | $0.92B | $13.07B |
| 58 | VRSK | Verisk Analytics, Inc. | Industrials | $0.91B | $21.95B |
| 59 | HUBB | Hubbell Incorporated | Industrials | $0.89B | $24.61B |
| 60 | ROK | Rockwell Automation, Inc. | Industrials | $0.87B | $48.08B |
| 61 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | $0.85B | $8.88B |
| 62 | EXPD | Expeditors International of Washington, Inc. | Industrials | $0.81B | $23.87B |
| 63 | MAS | Masco Corporation | Industrials | $0.81B | $13.27B |
| 64 | LII | Lennox International Inc. | Industrials | $0.81B | $12.71B |
| 65 | MLI | Mueller Industries, Inc. | Industrials | $0.77B | $13.28B |
| 66 | CSL | Carlisle Companies Incorporated | Industrials | $0.74B | $12.48B |
| 67 | AGCO | AGCO Corporation | Industrials | $0.73B | $8.14B |
| 68 | NVT | nVent Electric plc | Industrials | $0.71B | $26.36B |
| 69 | HEI | HEICO Corporation | Industrials | $0.69B | $42.81B |
| 70 | CPA | Copa Holdings, S.A. | Industrials | $0.67B | $5.26B |
| 71 | EFX | Equifax Inc. | Industrials | $0.66B | $17.48B |
| 72 | FDXF | FedEx Freight Holding Company, Inc. | Industrials | $0.66B | $17.02B |
| 73 | PNR | Pentair plc | Industrials | $0.65B | $8.46B |
| 74 | OSK | Oshkosh Corporation | Industrials | $0.65B | $8.04B |
| 75 | ALLE | Allegion plc | Industrials | $0.64B | $12.97B |
| 76 | WCC | WESCO International, Inc. | Industrials | $0.64B | $17.61B |
| 77 | HII | Huntington Ingalls Industries, Inc. | Industrials | $0.60B | $10.48B |
| 78 | JBHT | J.B. Hunt Transport Services, Inc. | Industrials | $0.60B | $21.52B |
| 79 | ADT | ADT Inc. | Industrials | $0.60B | $4.65B |
| 80 | WSO | Watsco, Inc. | Industrials | $0.59B | $13.21B |
| 81 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | $0.59B | $17.08B |
| 82 | IR | Ingersoll Rand Inc. | Industrials | $0.58B | $29.01B |
| 83 | ACM | AECOM | Industrials | $0.56B | $7.53B |
| 84 | AOS | A. O. Smith Corporation | Industrials | $0.55B | $7.84B |
| 85 | ESLT | Elbit Systems Ltd. | Industrials | $0.53B | $34.67B |
| 86 | CRS | Carpenter Technology Corporation | Industrials | $0.53B | $19.87B |
| 87 | GGG | Graco Inc. | Industrials | $0.52B | $12.49B |
| 88 | BLD | TopBuild Corp. | Industrials | $0.52B | $9.94B |
| 89 | LECO | Lincoln Electric Holdings, Inc. | Industrials | $0.52B | $14.52B |
| 90 | CNH | CNH Industrial N.V. | Industrials | $0.51B | $21.36B |
| 91 | FTAI | FTAI Aviation Ltd. | Industrials | $0.50B | $17.93B |
| 92 | SEB | Seaboard Corporation | Industrials | $0.50B | $3.78B |
| 93 | R | Ryder System, Inc. | Industrials | $0.50B | $9.06B |
| 94 | DAC | Danaos Corporation | Industrials | $0.49B | $2.82B |
| 95 | ITT | ITT Inc. | Industrials | $0.49B | $19.13B |
| 96 | NDSN | Nordson Corporation | Industrials | $0.48B | $18.01B |
| 97 | CW | Curtiss-Wright Corporation | Industrials | $0.48B | $20.10B |
| 98 | IEX | IDEX Corporation | Industrials | $0.48B | $16.84B |
| 99 | ZIM | ZIM Integrated Shipping Services Ltd. | Industrials | $0.48B | $3.54B |
| 100 | RTO | Rentokil Initial plc | Industrials | $0.47B | $10.34B |
No companies match this search.
How this ranking is built
Companies are ranked by net income 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.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- 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.