Top Industrials Stocks by Return on Equity
Top industrials companies ranked by return on equity, latest annual filings.
What Return on Equity Means for Industrials Companies
Return on Equity divides net income by shareholder equity. In industrials, the ratio tends to move cyclically with the broader capital spending environment, peaking mid-cycle when pricing, volume, and operating leverage all coincide, and compressing in downturns as fixed costs absorb a shrinking revenue base. A single-year Return on Equity figure can badly mislead if it happens to be read at either a peak or trough.
Why It Matters Less in Industrials
A high industrial Return on Equity can reflect durable operating leverage on volume, yet the ratio is inherently cycle-dependent, so point-in-time readings are noisy. Many industrial firms carry meaningful debt tied to long-cycle projects, which inflates the ratio relative to deleveraged peers. Multi-year averages across at least one full cycle produce a more faithful picture of capital efficiency than any single reporting year in isolation.
What to Read Alongside
Pair Return on Equity with [Net Income](/financials/top-net-income-stocks/industrials/) to see the numerator through the cycle, [Long-term Debt](/financials/most-indebted-stocks/industrials/) to gauge the leverage contribution inside the ratio, and [Gross Margin](/financials/top-gross-margin-stocks/industrials/) to judge underlying earnings quality.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | CMDB | Costamare Bulkers Holdings Limited | Industrials | 100.00% | $0.41B |
| 2 | ITW | Illinois Tool Works Inc. | Industrials | 95.04% | $76.52B |
| 3 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 93.22% | $9.97B |
| 4 | BUUU | BUUU Group Limited | Industrials | 78.66% | $0.26B |
| 5 | LMT | Lockheed Martin Corporation | Industrials | 74.65% | $140.00B |
| 6 | BCO | The Brink's Company | Industrials | 71.91% | $4.60B |
| 7 | LII | Lennox International Inc. | Industrials | 69.28% | $16.69B |
| 8 | MMM | 3M Company | Industrials | 69.12% | $78.65B |
| 9 | GFF | Griffon Corporation | Industrials | 69.09% | $3.91B |
| 10 | CRE | Cre8 Enterprise Limited | Industrials | 64.65% | $0.00B |
| 11 | PSIX | Power Solutions International, Inc. | Industrials | 63.82% | $1.90B |
| 12 | EHLD | Euroholdings Ltd. | Industrials | 60.48% | $0.02B |
| 13 | WNC | Wabash National Corporation | Industrials | 57.56% | $0.37B |
| 14 | BLBD | Blue Bird Corporation | Industrials | 50.00% | $2.03B |
| 15 | OMAB | Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | Industrials | 46.81% | $5.53B |
| 16 | ACCL | Acco Group Holdings Limited | Industrials | 46.72% | $0.02B |
| 17 | GE | GE Aerospace | Industrials | 46.60% | $311.66B |
| 18 | GWW | W.W. Grainger, Inc. | Industrials | 45.66% | $53.65B |
| 19 | SPIR | Spire Global, Inc. | Industrials | 45.43% | $0.82B |
| 20 | GEV | GE Vernova Inc. | Industrials | 43.69% | $263.03B |
| 21 | FIX | Comfort Systems USA, Inc. | Industrials | 41.76% | $56.50B |
| 22 | CAT | Caterpillar Inc. | Industrials | 41.66% | $359.51B |
| 23 | CSL | Carlisle Companies Incorporated | Industrials | 41.26% | $14.20B |
| 24 | BA | The Boeing Company | Industrials | 40.98% | $172.01B |
| 25 | CTAS | Cintas Corporation | Industrials | 38.69% | $71.02B |
| 26 | UNP | Union Pacific Corporation | Industrials | 38.65% | $149.05B |
| 27 | JLHL | Julong Holding Limited | Industrials | 37.46% | $0.21B |
| 28 | MSGY | Masonglory Limited | Industrials | 36.87% | $0.01B |
| 29 | RCMT | RCM Technologies, Inc. | Industrials | 35.53% | $0.21B |
| 30 | LECO | Lincoln Electric Holdings, Inc. | Industrials | 35.42% | $13.84B |
| 31 | VLRS | Controladora Vuela Compañía de Aviación, S.A.B. de C.V. | Industrials | 34.64% | $0.89B |
| 32 | EME | EMCOR Group, Inc. | Industrials | 34.64% | $35.28B |
| 33 | IESC | IES Holdings, Inc. | Industrials | 34.61% | $9.63B |
| 34 | EXPD | Expeditors International of Washington, Inc. | Industrials | 34.40% | $19.55B |
| 35 | UPS | United Parcel Service, Inc. | Industrials | 34.34% | $89.27B |
| 36 | POOL | Pool Corporation | Industrials | 34.29% | $8.28B |
| 37 | AWI | Armstrong World Industries, Inc. | Industrials | 34.27% | $7.43B |
| 38 | TT | Trane Technologies plc | Industrials | 34.02% | $101.87B |
| 39 | HON | Honeywell International Inc. | Industrials | 34.01% | $145.35B |
| 40 | VRT | Vertiv Holdings Co | Industrials | 33.82% | $112.53B |
| 41 | PHOE | Phoenix Asia Holdings Limited | Industrials | 33.00% | $0.38B |
| 42 | ECG | Everus Construction Group, Inc. | Industrials | 32.04% | $6.46B |
| 43 | FAST | Fastenal Company | Industrials | 31.91% | $51.34B |
| 44 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | 31.81% | $21.40B |
| 45 | ALLE | Allegion plc | Industrials | 31.14% | $12.19B |
| 46 | ESEA | Euroseas Ltd. | Industrials | 31.07% | $0.51B |
| 47 | FERG | Ferguson Enterprises Inc. | Industrials | 30.65% | $51.59B |
| 48 | TLIH | Ten-League International Holdings Limited | Industrials | 30.31% | $0.01B |
| 49 | VLTO | Veralto Corporation | Industrials | 30.27% | $22.23B |
| 50 | AGX | Argan, Inc. | Industrials | 29.80% | $8.39B |
| 51 | WMS | Advanced Drainage Systems, Inc. | Industrials | 29.51% | $11.24B |
| 52 | AOS | A. O. Smith Corporation | Industrials | 29.40% | $8.75B |
| 53 | POWL | Powell Industries, Inc. | Industrials | 28.21% | $8.48B |
| 54 | HWM | Howmet Aerospace Inc. | Industrials | 28.17% | $99.22B |
| 55 | KFRC | Kforce Inc. | Industrials | 27.95% | $0.56B |
| 56 | URI | United Rentals, Inc. | Industrials | 27.81% | $48.89B |
| 57 | KBR | KBR, Inc. | Industrials | 27.61% | $4.65B |
| 58 | EXPO | Exponent, Inc. | Industrials | 27.16% | $3.36B |
| 59 | WM | Waste Management, Inc. | Industrials | 27.11% | $90.28B |
| 60 | BWXT | BWX Technologies, Inc. | Industrials | 26.69% | $21.14B |
| 61 | STRL | Sterling Infrastructure, Inc. | Industrials | 26.17% | $13.53B |
| 62 | PH | Parker-Hannifin Corporation | Industrials | 25.81% | $120.79B |
| 63 | ULS | UL Solutions Inc. | Industrials | 25.75% | $18.03B |
| 64 | NSSC | Napco Security Technologies, Inc. | Industrials | 25.74% | $1.59B |
| 65 | CRAI | CRA International, Inc. | Industrials | 25.65% | $1.06B |
| 66 | JCI | Johnson Controls International plc | Industrials | 25.46% | $84.19B |
| 67 | NOC | Northrop Grumman Corporation | Industrials | 25.08% | $95.56B |
| 68 | DCI | Donaldson Company, Inc. | Industrials | 24.20% | $10.12B |
| 69 | CPA | Copa Holdings, S.A. | Industrials | 24.20% | $4.87B |
| 70 | ISSC | Innovative Aerosystems, Inc. | Industrials | 24.19% | $0.38B |
| 71 | DAL | Delta Air Lines, Inc. | Industrials | 24.00% | $45.92B |
| 72 | CMI | Cummins Inc. | Industrials | 23.95% | $84.18B |
| 73 | MLI | Mueller Industries, Inc. | Industrials | 23.84% | $13.07B |
| 74 | ROK | Rockwell Automation, Inc. | Industrials | 23.78% | $45.26B |
| 75 | ODFL | Old Dominion Freight Line, Inc. | Industrials | 23.75% | $44.51B |
| 76 | TRN | Trinity Industries, Inc. | Industrials | 23.50% | $2.59B |
| 77 | GSL | Global Ship Lease, Inc. | Industrials | 23.12% | $1.41B |
| 78 | HUBB | Hubbell Incorporated | Industrials | 23.05% | $27.66B |
| 79 | GIC | Global Industrial Company | Industrials | 23.02% | $1.24B |
| 80 | REVG | REV Group, Inc. | Industrials | 22.87% | $3.12B |
| 81 | BBSI | Barrett Business Services, Inc. | Industrials | 22.59% | $0.75B |
| 82 | ACM | AECOM | Industrials | 22.54% | $11.07B |
| 83 | BLD | TopBuild Corp. | Industrials | 22.53% | $10.92B |
| 84 | ATI | ATI Inc. | Industrials | 22.41% | $21.26B |
| 85 | TTC | The Toro Company | Industrials | 22.27% | $8.99B |
| 86 | CNM | Core & Main, Inc. | Industrials | 22.08% | $9.77B |
| 87 | CSX | CSX Corporation | Industrials | 21.95% | $79.46B |
| 88 | UAL | United Airlines Holdings, Inc. | Industrials | 21.94% | $30.85B |
| 89 | VMI | Valmont Industries, Inc. | Industrials | 21.45% | $7.85B |
| 90 | ECO | Okeanis Eco Tankers Corp. | Industrials | 21.45% | $1.94B |
| 91 | EPAC | Enerpac Tool Group Corp. | Industrials | 21.39% | $1.79B |
| 92 | AIT | Applied Industrial Technologies, Inc. | Industrials | 21.31% | $10.61B |
| 93 | OPXS | Optex Systems Holdings, Inc | Industrials | 21.19% | $0.08B |
| 94 | ETN | Eaton Corporation plc | Industrials | 21.04% | $152.37B |
| 95 | ATRO | Astronics Corporation | Industrials | 20.96% | $2.67B |
| 96 | SBC | SBC Medical Group Holdings Incorporated | Industrials | 20.54% | $0.45B |
| 97 | AER | AerCap Holdings N.V. | Industrials | 20.47% | $23.18B |
| 98 | MSA | MSA Safety Incorporated | Industrials | 20.40% | $6.40B |
| 99 | LMB | Limbach Holdings, Inc. | Industrials | 19.97% | $1.04B |
| 100 | CRS | Carpenter Technology Corporation | Industrials | 19.93% | $21.23B |
No companies match this search.
How this ranking is built
Companies are ranked by return on equity 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.