Top Industrials Stocks by Total Assets
Top industrials companies ranked by total assets, latest annual filings.
What Total Assets Means for Industrials Companies
Total assets in industrials is mostly things you could walk around: plants, machine tools, vehicles and testing equipment, together with the inventory moving through them and the receivables owed by customers once it ships. The base expands when capacity is added and when a long backlog pulls working capital in ahead of delivery. It is recorded at cost less accumulated depreciation, taken from the latest annual accounts.
Why It Matters in Industrials
Here total assets earns its place, because the asset base is the productive capacity, so turnover on that base separates a plant kept busy from one running half empty, and it frames how much of the capacity was funded with debt. The caveat is age. Heavy depreciation leaves old but productive lines carrying almost no book value, so a lean total can mean a mature, well-used estate rather than a small one.
What to Read Alongside
Pair total assets with Return on Assets to see how hard the plant works, Capital Expenditures for the spending that keeps the base current, and Long-Term Debt to see how much of it was borrowed.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | RTX | RTX Corporation | Industrials | $171.08B | $266.49B |
| 2 | BA | The Boeing Company | Industrials | $168.24B | $148.83B |
| 3 | GE | GE Aerospace | Industrials | $130.17B | $299.26B |
| 4 | DE | Deere & Company | Industrials | $106.00B | $172.90B |
| 5 | FDX | FedEx Corporation | Industrials | $98.94B | $71.14B |
| 6 | CAT | Caterpillar Inc. | Industrials | $98.58B | $318.15B |
| 7 | DAL | Delta Air Lines, Inc. | Industrials | $81.32B | $52.08B |
| 8 | UAL | United Airlines Holdings, Inc. | Industrials | $76.45B | $32.71B |
| 9 | BBUC | Brookfield Business Corporation | Industrials | $75.76B | $5.68B |
| 10 | HON | Honeywell International Inc. | Industrials | $73.68B | $69.50B |
| 11 | UPS | United Parcel Service, Inc. | Industrials | $73.09B | $85.35B |
| 12 | AER | AerCap Holdings N.V. | Industrials | $71.67B | $23.24B |
| 13 | UNP | Union Pacific Corporation | Industrials | $69.70B | $176.42B |
| 14 | GEV | GE Vernova Inc. | Industrials | $63.02B | $227.75B |
| 15 | CP | Canadian Pacific Kansas City Limited | Industrials | $62.68B | $78.96B |
| 16 | AAL | American Airlines Group Inc. | Industrials | $61.77B | $8.08B |
| 17 | LMT | Lockheed Martin Corporation | Industrials | $59.84B | $146.73B |
| 18 | GD | General Dynamics Corporation | Industrials | $57.25B | $96.60B |
| 19 | GPN | Global Payments Inc. | Industrials | $53.34B | $21.66B |
| 20 | NOC | Northrop Grumman Corporation | Industrials | $51.38B | $80.32B |
| 21 | WM | Waste Management, Inc. | Industrials | $45.84B | $96.34B |
| 22 | NSC | Norfolk Southern Corporation | Industrials | $45.24B | $75.02B |
| 23 | PCAR | PACCAR Inc | Industrials | $44.34B | $54.94B |
| 24 | CSX | CSX Corporation | Industrials | $43.68B | $95.05B |
| 25 | CNH | CNH Industrial N.V. | Industrials | $42.75B | $18.09B |
| 26 | CNI | Canadian National Railway Company | Industrials | $42.70B | $74.47B |
| 27 | EMR | Emerson Electric Co. | Industrials | $41.96B | $90.20B |
| 28 | ETN | Eaton Corporation plc | Industrials | $41.25B | $144.45B |
| 29 | LHX | L3Harris Technologies, Inc. | Industrials | $41.20B | $48.46B |
| 30 | JCI | Johnson Controls International plc | Industrials | $37.94B | $89.35B |
| 31 | MMM | 3M Company | Industrials | $37.73B | $89.11B |
| 32 | CARR | Carrier Global Corporation | Industrials | $37.19B | $46.52B |
| 33 | RSG | Republic Services, Inc. | Industrials | $34.37B | $73.89B |
| 34 | CMI | Cummins Inc. | Industrials | $33.99B | $71.88B |
| 35 | FER | Ferrovial N.V. | Industrials | $32.18B | $36.21B |
| 36 | CAR | Avis Budget Group, Inc. | Industrials | $31.26B | $3.60B |
| 37 | PH | Parker-Hannifin Corporation | Industrials | $30.88B | $114.06B |
| 38 | URI | United Rentals, Inc. | Industrials | $29.87B | $69.83B |
| 39 | LUV | Southwest Airlines Co. | Industrials | $29.06B | $20.96B |
| 40 | PWR | Quanta Services, Inc. | Industrials | $24.93B | $84.78B |
| 41 | TDG | TransDigm Group Incorporated | Industrials | $22.91B | $62.45B |
| 42 | HTZ | Hertz Global Holdings, Inc. | Industrials | $22.31B | $691.52M |
| 43 | SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | $22.27B | $32.54B |
| 44 | WAB | Westinghouse Air Brake Technologies Corporation | Industrials | $22.07B | $46.90B |
| 45 | UHAL | U-Haul Holding Company | Industrials | $21.50B | $10.82B |
| 46 | TT | Trane Technologies plc | Industrials | $21.42B | $100.12B |
| 47 | SWK | Stanley Black & Decker, Inc. | Industrials | $21.24B | $15.01B |
| 48 | WCN | Waste Connections, Inc. | Industrials | $21.13B | $46.73B |
| 49 | ALK | Alaska Air Group, Inc. | Industrials | $20.36B | $3.90B |
| 50 | RELX | RELX PLC | Industrials | $19.84B | $69.74B |
| 51 | RYAAY | Ryanair Holdings plc | Industrials | $18.90B | $27.45B |
| 52 | IR | Ingersoll Rand Inc. | Industrials | $18.30B | $28.91B |
| 53 | TXT | Textron Inc. | Industrials | $18.13B | $13.43B |
| 54 | GATX | GATX Corporation | Industrials | $18.00B | $5.88B |
| 55 | TRI | Thomson Reuters Corporation | Industrials | $17.94B | $52.89B |
| 56 | FERG | Ferguson Enterprises Inc. | Industrials | $17.73B | $44.40B |
| 57 | LTM | LATAM Airlines Group S.A. | Industrials | $17.64B | $12.45B |
| 58 | XYL | Xylem Inc. | Industrials | $17.63B | $25.27B |
| 59 | JBLU | JetBlue Airways Corporation | Industrials | $16.57B | $894.23M |
| 60 | WCC | WESCO International, Inc. | Industrials | $16.49B | $16.06B |
| 61 | R | Ryder System, Inc. | Industrials | $16.39B | $10.78B |
| 62 | ITW | Illinois Tool Works Inc. | Industrials | $16.15B | $78.67B |
| 63 | AME | AMETEK, Inc. | Industrials | $16.07B | $55.67B |
| 64 | ADT | ADT Inc. | Industrials | $15.82B | $5.03B |
| 65 | GFL | GFL Environmental Inc. | Industrials | $14.07B | $19.92B |
| 66 | RRX | Regal Rexnord Corporation | Industrials | $13.92B | $10.02B |
| 67 | HRI | Herc Holdings Inc. | Industrials | $13.78B | $4.25B |
| 68 | DOV | Dover Corporation | Industrials | $13.42B | $26.93B |
| 69 | ARMK | Aramark | Industrials | $13.30B | $14.34B |
| 70 | ZTO | ZTO Express (Cayman) Inc. | Industrials | $13.02B | $14.93B |
| 71 | OC | Owens Corning | Industrials | $12.98B | $9.03B |
| 72 | EMBJ | Embraer S.A. | Industrials | $12.92B | $12.65B |
| 73 | HII | Huntington Ingalls Industries, Inc. | Industrials | $12.75B | $11.07B |
| 74 | ESLT | Elbit Systems Ltd. | Industrials | $12.66B | $36.46B |
| 75 | GXO | GXO Logistics, Inc. | Industrials | $12.26B | $5.66B |
| 76 | VRT | Vertiv Holdings Co | Industrials | $12.21B | $76.91B |
| 77 | ACM | AECOM | Industrials | $12.20B | $7.81B |
| 78 | RBA | RB Global, Inc. | Industrials | $12.14B | $15.68B |
| 79 | KNX | Knight-Swift Transportation Holdings Inc. | Industrials | $11.96B | $9.84B |
| 80 | AGCO | AGCO Corporation | Industrials | $11.93B | $7.30B |
| 81 | EFX | Equifax Inc. | Industrials | $11.86B | $20.98B |
| 82 | AMTM | Amentum Holdings, Inc. | Industrials | $11.46B | $5.40B |
| 83 | J | Jacobs Solutions Inc. | Industrials | $11.25B | $17.22B |
| 84 | BLDR | Builders FirstSource, Inc. | Industrials | $11.24B | $6.05B |
| 85 | ROK | Rockwell Automation, Inc. | Industrials | $11.22B | $47.74B |
| 86 | HWM | Howmet Aerospace Inc. | Industrials | $11.18B | $77.51B |
| 87 | ZIM | ZIM Integrated Shipping Services Ltd. | Industrials | $11.01B | $3.56B |
| 88 | OTIS | Otis Worldwide Corporation | Industrials | $10.65B | $28.65B |
| 89 | CTAS | Cintas Corporation | Industrials | $10.53B | $89.71B |
| 90 | CMC | Commercial Metals Company | Industrials | $10.26B | $6.89B |
| 91 | OSK | Oshkosh Corporation | Industrials | $10.07B | $8.23B |
| 92 | CPRT | Copart, Inc. | Industrials | $10.03B | $27.00B |
| 93 | MTZ | MasTec, Inc. | Industrials | $9.92B | $13.86B |
| 94 | EME | EMCOR Group, Inc. | Industrials | $9.29B | $29.37B |
| 95 | MAN | ManpowerGroup Inc. | Industrials | $9.16B | $2.15B |
| 96 | GWW | W.W. Grainger, Inc. | Industrials | $8.96B | $63.94B |
| 97 | APG | APi Group Corporation | Industrials | $8.94B | $17.40B |
| 98 | HEI | HEICO Corporation | Industrials | $8.50B | $43.28B |
| 99 | REZI | Resideo Technologies, Inc. | Industrials | $8.43B | $2.71B |
| 100 | TRN | Trinity Industries, Inc. | Industrials | $8.42B | $2.05B |
No companies match this search.
Total assets measure balance-sheet size, not worth: a bank holding customer deposits carries assets many times its market value, while a software company of the same market value carries a fraction of them. Above 150 times market cap the accounts are not in US dollars, and the company is left out.
How this ranking is built
Companies are ranked by total assets 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.
Frequently asked questions
Does a larger asset base make an industrial company more productive?
Not on its own. The base records what was purchased, not how well it is used, and two firms with similar plants can differ widely in output per dollar of capacity. Asset turnover and return on assets answer that question directly by setting revenue and profit against the base. A growing total can reflect a new facility, an acquisition, or inventory building ahead of deliveries, and those tell very different stories.
Why can an older manufacturer show a small total assets figure?
Because depreciation grinds the recorded value of long-lived equipment down over its accounting life while the equipment itself keeps working. A press installed decades ago may run every shift and still sit near zero on the books, and the land under the factory stays at what was paid for it. Book totals therefore understate mature industrial estates, which is one reason capital spending and capacity data are read alongside them.