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 | ITW | Illinois Tool Works Inc. | Industrials | 95.04% | $72.25B |
| 2 | BUUU | BUUU Group Limited | Industrials | 78.66% | $0.27B |
| 3 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 77.01% | $9.58B |
| 4 | LMT | Lockheed Martin Corporation | Industrials | 74.65% | $119.67B |
| 5 | EHLD | Euroholdings Ltd. | Industrials | 73.42% | $0.02B |
| 6 | BCO | The Brink's Company | Industrials | 71.91% | $4.16B |
| 7 | LII | Lennox International Inc. | Industrials | 69.28% | $18.03B |
| 8 | MMM | 3M Company | Industrials | 69.12% | $79.68B |
| 9 | GFF | Griffon Corporation | Industrials | 69.09% | $3.94B |
| 10 | PSIX | Power Solutions International, Inc. | Industrials | 63.82% | $0.93B |
| 11 | WNC | Wabash National Corporation | Industrials | 57.56% | $0.33B |
| 12 | FBYD | Falcon's Beyond Global, Inc. | Industrials | 52.93% | $0.75B |
| 13 | BLBD | Blue Bird Corporation | Industrials | 50.00% | $2.28B |
| 14 | OMAB | Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | Industrials | 46.95% | $4.82B |
| 15 | ACCL | Acco Group Holdings Limited | Industrials | 46.72% | $0.02B |
| 16 | GE | GE Aerospace | Industrials | 46.60% | $341.85B |
| 17 | GWW | W.W. Grainger, Inc. | Industrials | 45.66% | $60.88B |
| 18 | SPIR | Spire Global, Inc. | Industrials | 45.43% | $0.78B |
| 19 | SWVL | Swvl Holdings Corp. | Industrials | 44.57% | $0.02B |
| 20 | GEV | GE Vernova Inc. | Industrials | 43.69% | $258.87B |
| 21 | FIX | Comfort Systems USA, Inc. | Industrials | 41.76% | $67.36B |
| 22 | CAT | Caterpillar Inc. | Industrials | 41.67% | $433.18B |
| 23 | CSL | Carlisle Companies Incorporated | Industrials | 41.26% | $13.86B |
| 24 | BA | The Boeing Company | Industrials | 40.98% | $171.39B |
| 25 | CTAS | Cintas Corporation | Industrials | 38.69% | $72.01B |
| 26 | UNP | Union Pacific Corporation | Industrials | 38.65% | $156.68B |
| 27 | JLHL | Julong Holding Limited | Industrials | 37.46% | $0.78B |
| 28 | RCMT | RCM Technologies, Inc. | Industrials | 36.88% | $0.17B |
| 29 | MSGY | Masonglory Limited | Industrials | 36.87% | $0.01B |
| 30 | LECO | Lincoln Electric Holdings, Inc. | Industrials | 35.42% | $14.46B |
| 31 | EME | EMCOR Group, Inc. | Industrials | 34.64% | $37.57B |
| 32 | IESC | IES Holdings, Inc. | Industrials | 34.61% | $14.79B |
| 33 | EXPD | Expeditors International of Washington, Inc. | Industrials | 34.40% | $20.94B |
| 34 | UPS | United Parcel Service, Inc. | Industrials | 34.34% | $93.69B |
| 35 | POOL | Pool Corporation | Industrials | 34.29% | $6.68B |
| 36 | AWI | Armstrong World Industries, Inc. | Industrials | 34.27% | $6.52B |
| 37 | TT | Trane Technologies plc | Industrials | 34.02% | $102.52B |
| 38 | HON | Honeywell International Inc. | Industrials | 34.01% | $137.91B |
| 39 | VRT | Vertiv Holdings Co | Industrials | 33.82% | $124.42B |
| 40 | TLIH | Ten-League International Holdings Limited | Industrials | 33.46% | $0.01B |
| 41 | PHOE | Phoenix Asia Holdings Limited | Industrials | 33.00% | $0.34B |
| 42 | ECG | Everus Construction Group, Inc. | Industrials | 32.04% | $7.90B |
| 43 | FAST | Fastenal Company | Industrials | 31.91% | $54.14B |
| 44 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | 31.81% | $21.76B |
| 45 | EXPO | Exponent, Inc. | Industrials | 31.33% | $2.89B |
| 46 | ALLE | Allegion plc | Industrials | 31.14% | $11.20B |
| 47 | FERG | Ferguson Enterprises Inc. | Industrials | 30.65% | $44.72B |
| 48 | VLTO | Veralto Corporation | Industrials | 30.27% | $20.81B |
| 49 | ESEA | Euroseas Ltd. | Industrials | 29.55% | $0.47B |
| 50 | AOS | A. O. Smith Corporation | Industrials | 29.40% | $7.86B |
| 51 | AGX | Argan, Inc. | Industrials | 29.10% | $9.62B |
| 52 | YDDL | One and one Green Technologies. Inc | Industrials | 28.24% | $0.17B |
| 53 | POWL | Powell Industries, Inc. | Industrials | 28.21% | $10.93B |
| 54 | HWM | Howmet Aerospace Inc. | Industrials | 28.17% | $99.76B |
| 55 | KFRC | Kforce Inc. | Industrials | 27.95% | $0.86B |
| 56 | URI | United Rentals, Inc. | Industrials | 27.81% | $67.95B |
| 57 | CRAI | CRA International, Inc. | Industrials | 27.62% | $0.92B |
| 58 | WM | Waste Management, Inc. | Industrials | 27.11% | $87.95B |
| 59 | BWXT | BWX Technologies, Inc. | Industrials | 26.69% | $17.48B |
| 60 | KBR | KBR, Inc. | Industrials | 26.20% | $4.58B |
| 61 | STRL | Sterling Infrastructure, Inc. | Industrials | 26.17% | $30.49B |
| 62 | PH | Parker-Hannifin Corporation | Industrials | 25.81% | $109.98B |
| 63 | ULS | UL Solutions Inc. | Industrials | 25.75% | $20.00B |
| 64 | NSSC | Napco Security Technologies, Inc. | Industrials | 25.74% | $1.28B |
| 65 | TRN | Trinity Industries, Inc. | Industrials | 25.74% | $2.59B |
| 66 | JCI | Johnson Controls International plc | Industrials | 25.46% | $89.93B |
| 67 | NOC | Northrop Grumman Corporation | Industrials | 25.08% | $77.43B |
| 68 | DCI | Donaldson Company, Inc. | Industrials | 24.20% | $9.74B |
| 69 | CPA | Copa Holdings, S.A. | Industrials | 24.20% | $5.43B |
| 70 | ISSC | Innovative Aerosystems, Inc. | Industrials | 24.19% | $0.32B |
| 71 | AMSC | American Superconductor Corporation | Industrials | 24.09% | $2.21B |
| 72 | DAL | Delta Air Lines, Inc. | Industrials | 24.00% | $52.24B |
| 73 | CMI | Cummins Inc. | Industrials | 23.95% | $93.57B |
| 74 | MLI | Mueller Industries, Inc. | Industrials | 23.84% | $14.66B |
| 75 | ROK | Rockwell Automation, Inc. | Industrials | 23.78% | $51.44B |
| 76 | ODFL | Old Dominion Freight Line, Inc. | Industrials | 23.75% | $51.06B |
| 77 | AZZ | AZZ Inc. | Industrials | 23.73% | $4.16B |
| 78 | ZJK | ZJK Industrial Co., Ltd. | Industrials | 23.36% | $0.16B |
| 79 | CNM | Core & Main, Inc. | Industrials | 23.13% | $9.85B |
| 80 | GSL | Global Ship Lease, Inc. | Industrials | 23.12% | $1.37B |
| 81 | WMS | Advanced Drainage Systems, Inc. | Industrials | 23.08% | $10.05B |
| 82 | HUBB | Hubbell Incorporated | Industrials | 23.05% | $25.64B |
| 83 | GIC | Global Industrial Company | Industrials | 23.02% | $1.17B |
| 84 | REVG | REV Group, Inc. | Industrials | 22.87% | $3.12B |
| 85 | BBSI | Barrett Business Services, Inc. | Industrials | 22.59% | $0.80B |
| 86 | ACM | AECOM | Industrials | 22.54% | $9.34B |
| 87 | BLD | TopBuild Corp. | Industrials | 22.53% | $11.44B |
| 88 | ATI | ATI Inc. | Industrials | 22.41% | $24.71B |
| 89 | TTC | The Toro Company | Industrials | 22.27% | $8.61B |
| 90 | CSX | CSX Corporation | Industrials | 21.95% | $85.90B |
| 91 | UAL | United Airlines Holdings, Inc. | Industrials | 21.94% | $34.06B |
| 92 | VMI | Valmont Industries, Inc. | Industrials | 21.45% | $10.58B |
| 93 | ECO | Okeanis Eco Tankers Corp. | Industrials | 21.45% | $1.85B |
| 94 | EPAC | Enerpac Tool Group Corp. | Industrials | 21.39% | $1.71B |
| 95 | AIT | Applied Industrial Technologies, Inc. | Industrials | 21.31% | $11.59B |
| 96 | OPXS | Optex Systems Holdings, Inc | Industrials | 21.19% | $0.08B |
| 97 | WSO | Watsco, Inc. | Industrials | 21.13% | $15.01B |
| 98 | ETN | Eaton Corporation plc | Industrials | 21.04% | $162.55B |
| 99 | QUAD | Quad/Graphics, Inc. | Industrials | 21.00% | $0.39B |
| 100 | ATRO | Astronics Corporation | Industrials | 20.96% | $3.13B |
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.