Top Industrials Stocks by Net Margin
Top industrials companies ranked by net margin, latest annual filings.
What Net Margin Means for Industrials Companies
Net margin in industrials captures the percentage of revenue that survives raw materials, factory labor, overhead, research, depreciation on heavy equipment, interest on debt used to finance plants, and taxes. Industrial firms carry meaningful fixed costs, which makes their net margin sensitive to volume and cycle. Aerospace and defense contractors tend to sit at the higher end of the sector, while distributors and commodity-exposed machinery makers show thinner and more volatile bottom-line margins.
Why It Matters in Industrials
A durable net margin through a full cycle typically signals genuine operating discipline and pricing stability rather than a convenient volume year. Because much of the cost base is fixed, net margin tends to expand rapidly in upturns and compress just as quickly in downturns. It is worth noting that restructuring charges, pension remeasurements, and warranty provisions move industrial net margin period to period in ways that can mask the underlying run-rate profitability of the business.
What to Read Alongside
Pair net margin with Gross Margin to see where along the income statement the profitability is created, Operating Margin for the middle layer, and Free Cash Flow given the capital intensity typical of the sector.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | FIX | Comfort Systems USA, Inc. | Industrials | 55.84% | $57.20B |
| 2 | DAC | Danaos Corporation | Industrials | 47.45% | $2.84B |
| 3 | AER | AerCap Holdings N.V. | Industrials | 44.04% | $22.67B |
| 4 | AL | Air Lease Corp | Industrials | 36.09% | $7.28B |
| 5 | SPR | Spirit AeroSystems Holdings, Inc. | Industrials | 33.88% | $4.64B |
| 6 | CPRT | Copart, Inc. | Industrials | 33.41% | $26.66B |
| 7 | VRSK | Verisk Analytics, Inc. | Industrials | 29.56% | $22.38B |
| 8 | UNP | Union Pacific Corporation | Industrials | 29.12% | $163.02B |
| 9 | HAFN | Hafnia Limited | Industrials | 23.89% | $4.61B |
| 10 | NSC | Norfolk Southern Corporation | Industrials | 23.59% | $70.53B |
| 11 | TDG | TransDigm Group Incorporated | Industrials | 23.49% | $61.49B |
| 12 | GGG | Graco Inc. | Industrials | 23.33% | $12.57B |
| 13 | NMM | Navios Maritime Partners L.P. | Industrials | 21.23% | $2.55B |
| 14 | OTTR | Otter Tail Corporation | Industrials | 21.23% | $3.79B |
| 15 | CSX | CSX Corporation | Industrials | 20.50% | $86.31B |
| 16 | TRI | Thomson Reuters Corporation | Industrials | 20.09% | $41.44B |
| 17 | AME | AMETEK, Inc. | Industrials | 20.00% | $56.26B |
| 18 | FTAI | FTAI Aviation Ltd. | Industrials | 19.98% | $19.49B |
| 19 | SNA | Snap-on Incorporated | Industrials | 19.72% | $19.23B |
| 20 | AZZ | AZZ Inc. | Industrials | 19.23% | $4.11B |
| 21 | GATX | GATX Corporation | Industrials | 19.15% | $6.46B |
| 22 | ITW | Illinois Tool Works Inc. | Industrials | 19.11% | $77.03B |
| 23 | AWI | Armstrong World Industries, Inc. | Industrials | 19.05% | $6.92B |
| 24 | GE | GE Aerospace | Industrials | 18.98% | $331.21B |
| 25 | PAM | Pampa Energía S.A. | Industrials | 18.92% | $4.33B |
| 26 | DLB | Dolby Laboratories, Inc. | Industrials | 18.90% | $5.47B |
| 27 | ODFL | Old Dominion Freight Line, Inc. | Industrials | 18.63% | $36.77B |
| 28 | CPA | Copa Holdings, S.A. | Industrials | 18.56% | $5.52B |
| 29 | ZTO | ZTO Express (Cayman) Inc. | Industrials | 18.49% | $14.93B |
| 30 | MLI | Mueller Industries, Inc. | Industrials | 18.31% | $13.25B |
| 31 | HWM | Howmet Aerospace Inc. | Industrials | 18.27% | $89.87B |
| 32 | NVT | nVent Electric plc | Industrials | 18.24% | $26.33B |
| 33 | GPN | Global Payments Inc. | Industrials | 18.17% | $22.43B |
| 34 | CTAS | Cintas Corporation | Industrials | 17.75% | $79.55B |
| 35 | NDSN | Nordson Corporation | Industrials | 17.35% | $17.81B |
| 36 | VLTO | Veralto Corporation | Industrials | 17.08% | $23.35B |
| 37 | PH | Parker-Hannifin Corporation | Industrials | 16.97% | $121.68B |
| 38 | CRS | Carpenter Technology Corporation | Industrials | 16.96% | $19.82B |
| 39 | POWL | Powell Industries, Inc. | Industrials | 16.37% | $6.99B |
| 40 | TREX | Trex Company, Inc. | Industrials | 16.22% | $4.50B |
| 41 | CR | Crane Company | Industrials | 15.90% | $11.69B |
| 42 | ALLE | Allegion plc | Industrials | 15.83% | $13.09B |
| 43 | PNR | Pentair plc | Industrials | 15.66% | $8.86B |
| 44 | LII | Lennox International Inc. | Industrials | 15.51% | $12.85B |
| 45 | URI | United Rentals, Inc. | Industrials | 15.49% | $64.92B |
| 46 | HEI | HEICO Corporation | Industrials | 15.39% | $43.01B |
| 47 | RBC | RBC Bearings Incorporated | Industrials | 15.37% | $15.83B |
| 48 | FAST | Fastenal Company | Industrials | 15.35% | $57.47B |
| 49 | HUBB | Hubbell Incorporated | Industrials | 15.18% | $24.24B |
| 50 | ETN | Eaton Corporation plc | Industrials | 14.89% | $171.86B |
| 51 | MSA | MSA Safety Incorporated | Industrials | 14.88% | $6.90B |
| 52 | KMT | Kennametal Inc. | Industrials | 14.87% | $2.26B |
| 53 | CSL | Carlisle Companies Incorporated | Industrials | 14.76% | $13.05B |
| 54 | AOS | A. O. Smith Corporation | Industrials | 14.26% | $7.90B |
| 55 | WMS | Advanced Drainage Systems, Inc. | Industrials | 14.06% | $9.86B |
| 56 | IEX | IDEX Corporation | Industrials | 13.98% | $16.64B |
| 57 | WTS | Watts Water Technologies, Inc. | Industrials | 13.98% | $11.83B |
| 58 | JCI | Johnson Controls International plc | Industrials | 13.95% | $88.70B |
| 59 | CW | Curtiss-Wright Corporation | Industrials | 13.84% | $20.32B |
| 60 | WNC | Wabash National Corporation | Industrials | 13.71% | $0.49B |
| 61 | TT | Trane Technologies plc | Industrials | 13.69% | $96.33B |
| 62 | DOV | Dover Corporation | Industrials | 13.52% | $25.12B |
| 63 | HAYW | Hayward Holdings, Inc. | Industrials | 13.51% | $2.74B |
| 64 | MWA | Mueller Water Products, Inc. | Industrials | 13.41% | $3.44B |
| 65 | MATX | Matson, Inc. | Industrials | 13.30% | $6.78B |
| 66 | CAT | Caterpillar Inc. | Industrials | 13.14% | $371.42B |
| 67 | CAAP | Corporación América Airports S.A. | Industrials | 13.13% | $3.92B |
| 68 | MMM | 3M Company | Industrials | 13.03% | $87.31B |
| 69 | VRT | Vertiv Holdings Co | Industrials | 13.03% | $97.58B |
| 70 | TRN | Trinity Industries, Inc. | Industrials | 12.86% | $2.22B |
| 71 | GEV | GE Vernova Inc. | Industrials | 12.83% | $253.09B |
| 72 | EMR | Emerson Electric Co. | Industrials | 12.73% | $86.01B |
| 73 | HON | Honeywell International Inc. | Industrials | 12.63% | $67.14B |
| 74 | ITT | ITT Inc. | Industrials | 12.39% | $18.65B |
| 75 | WWD | Woodward, Inc. | Industrials | 12.39% | $19.26B |
| 76 | BRC | Brady Corporation | Industrials | 12.36% | $3.91B |
| 77 | LECO | Lincoln Electric Holdings, Inc. | Industrials | 12.30% | $14.33B |
| 78 | ZWS | Zurn Elkay Water Solutions Corporation | Industrials | 11.68% | $7.78B |
| 79 | STRL | Sterling Infrastructure, Inc. | Industrials | 11.65% | $15.80B |
| 80 | ADT | ADT Inc. | Industrials | 11.62% | $4.78B |
| 81 | MIDD | The Middleby Corporation | Industrials | 11.47% | $5.10B |
| 82 | WCN | Waste Connections, Inc. | Industrials | 11.37% | $39.10B |
| 83 | FSS | Federal Signal Corporation | Industrials | 11.31% | $7.06B |
| 84 | WOR | Worthington Enterprises, Inc. | Industrials | 11.30% | $2.88B |
| 85 | RSG | Republic Services, Inc. | Industrials | 11.24% | $65.49B |
| 86 | DE | Deere & Company | Industrials | 11.00% | $189.58B |
| 87 | EFX | Equifax Inc. | Industrials | 10.87% | $18.77B |
| 88 | SPXC | SPX Technologies, Inc. | Industrials | 10.77% | $8.75B |
| 89 | WM | Waste Management, Inc. | Industrials | 10.74% | $83.01B |
| 90 | MAS | Masco Corporation | Industrials | 10.71% | $13.80B |
| 91 | ULS | UL Solutions Inc. | Industrials | 10.65% | $13.46B |
| 92 | XYL | Xylem Inc. | Industrials | 10.59% | $25.18B |
| 93 | SKYW | SkyWest, Inc. | Industrials | 10.55% | $3.93B |
| 94 | KEX | Kirby Corporation | Industrials | 10.54% | $6.99B |
| 95 | WAB | Westinghouse Air Brake Technologies Corporation | Industrials | 10.48% | $48.94B |
| 96 | ROK | Rockwell Automation, Inc. | Industrials | 10.42% | $47.44B |
| 97 | CSW | CSW Industrials, Inc. | Industrials | 10.35% | $4.94B |
| 98 | BWXT | BWX Technologies, Inc. | Industrials | 10.28% | $13.24B |
| 99 | NOC | Northrop Grumman Corporation | Industrials | 9.97% | $72.43B |
| 100 | DCI | Donaldson Company, Inc. | Industrials | 9.94% | $9.97B |
No companies match this search.
How this ranking is built
Companies are ranked by net 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.
- Size floor: A company qualifies at $1 billion in annual revenue or above, so a small filer with a freak ratio cannot top the list.
- Value range: Only figures above 0% and up to 100% qualify.
- 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.