Top Industrials Companies by Net Margin
Trailing-twelve-month net margin for the largest Industrials filers, ranked in USD. Switch axes via the column headers.
How TTM margins are measured
Margins divide a profitability line by trailing-twelve-month revenue, expressed as a percentage. Each column on this page measures a different layer of the income statement — gross strips only direct production costs; operating subtracts overhead, R&D and D&A; EBITDA adds D&A back to operating; net subtracts interest and taxes; FCF replaces accrual profit with operating cash flow minus capex. Together they describe where a business actually makes its money.
Margins make capital-light franchises directly comparable to capital-heavy ones — a software filer with a 35% operating margin runs a different model than a global retailer at 6%. To compare absolute scale instead of percentages see the revenue ranking and net income ranking. Non-USD filers are ranked on USD-translated TTM lines so peers stay comparable. Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of (reported ).
Sector scopeIndustrialsChange sectorChange sector
Top industrials companies by net margin
Click a column header to re-order rows. Company names link to each ticker's profile page.
| # | |||||||
|---|---|---|---|---|---|---|---|
| 1 | Copart (CPRT) | Industrials | 45.3% | 36.5% | 42.5% | 33.8% | 30.5% |
| 2 | Verisk Analytics (VRSK) | Industrials | 67.3% | 44.6% | 54.9% | 29.6% | 38.8% |
| 3 | Union Pacific (UNP) | Industrials | 45.7% | 40.1% | 52.5% | 29.2% | 17.0% |
| 4 | Canadian National Railway (CNI) | Industrials | 43.6% | 38.1% | 51.0% | 27.3% | 19.6% |
| 5 | Paychex (PAYX) | Industrials | 73.9% | 36.9% | 44.4% | 25.8% | 34.0% |
| 6 | Ferrovial (FER) | Industrials | 91.2% | 22.4% | 12.7% | 22.0% | 9.4% |
| 7 | Norfolk Southern (NSC) | Industrials | 45.3% | 32.4% | 45.3% | 21.9% | 31.4% |
| 8 | TransDigm Group (TDG) | Industrials | 59.0% | 46.5% | 50.8% | 21.6% | 20.6% |
| 9 | CSX (CSX) | Industrials | 37.5% | 33.4% | 45.7% | 21.6% | 29.2% |
| 10 | Roper Technologies (ROP) | Industrials | 69.4% | 28.1% | 39.9% | 21.1% | 31.4% |
| 11 | Thomson Reuters (TRI) | Industrials | 65.7% | 28.5% | 40.4% | 20.1% | 27.1% |
| 12 | AMETEK (AME) | Industrials | 36.3% | 26.0% | 28.3% | 20.0% | 22.6% |
| 13 | Snap-on (SNA) | Industrials | 51.3% | 24.7% | 28.7% | 20.0% | 21.0% |
| 14 | Automatic Data Processing (ADP) | Industrials | 48.4% | 18.8% | 30.4% | 20.0% | 21.7% |
| 15 | Illinois Tool Works (ITW) | Industrials | 44.0% | 26.3% | 29.0% | 19.1% | 16.9% |
| 16 | Old Dominion Freight Line (ODFL) | Industrials | 32.2% | 24.8% | 31.4% | 18.6% | 17.4% |
| 17 | Nordson (NDSN) | Industrials | 55.2% | 25.9% | 32.1% | 18.4% | 22.7% |
| 18 | Howmet Aerospace (HWM) | Industrials | 30.7% | 25.8% | 28.9% | 18.3% | 14.7% |
| 19 | GE Aerospace (GE) | Industrials | 34.8% | 18.5% | 22.8% | 17.9% | 15.4% |
| 20 | Cintas (CTAS) | Industrials | 50.4% | 23.0% | 26.4% | 17.6% | 16.2% |
| 21 | Parker-Hannifin (PH) | Industrials | 37.3% | 21.0% | 26.8% | 17.3% | 16.3% |
| 22 | Veralto (VLTO) | Industrials | 59.9% | 23.2% | 24.5% | 17.1% | 18.4% |
| 23 | Global Payments (GPN) | Industrials | 69.4% | 23.5% | 39.7% | 16.9% | 24.6% |
| 24 | Pentair (PNR) | Industrials | 40.9% | 20.6% | 21.9% | 16.0% | 17.8% |
| 25 | Fastenal (FAST) | Industrials | 44.9% | 20.2% | 21.4% | 15.4% | 13.8% |
| 26 | United Rentals (URI) | Industrials | 36.3% | 24.7% | 39.8% | 15.3% | 4.1% |
| 27 | Hubbell (HUBB) | Industrials | 35.5% | 20.9% | 23.9% | 15.3% | 15.0% |
| 28 | Allegion (ALLE) | Industrials | 45.0% | 20.6% | 23.2% | 15.2% | 16.9% |
| 29 | Lennox International (LII) | Industrials | 33.0% | 19.5% | 21.5% | 15.1% | 12.3% |
| 30 | Eaton Corporation (ETN) | Industrials | 37.6% | 19.1% | 22.6% | 14.9% | 16.3% |
| 31 | MSA Safety (MSA) | Industrials | 46.5% | 21.4% | 25.3% | 14.9% | 15.8% |
| 32 | Carlisle Companies (CSL) | Industrials | 35.6% | 20.1% | 24.4% | 14.6% | 18.6% |
| 33 | A. O. Smith (AOS) | Industrials | 38.8% | 19.0% | 21.2% | 14.3% | 14.3% |
| 34 | Johnson Controls (JCI) | Industrials | 36.5% | 13.2% | 14.0% | 14.2% | 5.4% |
| 35 | IDEX (IEX) | Industrials | 44.5% | 20.9% | 26.1% | 14.0% | 17.8% |
| 36 | Trane Technologies (TT) | Industrials | 36.2% | 18.6% | 20.1% | 13.7% | 13.3% |
| 37 | Dover (DOV) | Industrials | 39.5% | 16.7% | 21.5% | 13.3% | 13.7% |
| 38 | Caterpillar (CAT) | Industrials | 32.3% | 16.6% | 22.0% | 13.1% | 15.2% |
| 39 | Brady (BRC) | Industrials | 50.9% | 16.4% | 19.3% | 13.0% | 10.8% |
| 40 | Republic Services (RSG) | Industrials | 30.3% | 20.0% | 31.3% | 12.9% | 14.5% |
| 41 | Emerson Electric (EMR) | Industrials | 52.8% | 19.9% | 27.3% | 12.7% | 14.2% |
| 42 | Lincoln Electric Holdings (LECO) | Industrials | 36.3% | 17.2% | 19.1% | 12.3% | 12.6% |
| 43 | Comfort Systems USA (FIX) | Industrials | 25.1% | 15.7% | 17.1% | 12.1% | 13.6% |
| 44 | Rockwell Automation (ROK) | Industrials | 50.2% | 18.2% | 17.7% | 11.6% | 14.4% |
| 45 | Honeywell International (HON) | Industrials | 36.9% | 14.9% | 17.8% | 11.2% | 11.4% |
| 46 | 3M (MMM) | Industrials | 39.5% | 19.6% | 20.1% | 11.1% | 8.2% |
| 47 | Equifax (EFX) | Industrials | 44.7% | 18.3% | 30.0% | 11.1% | 18.1% |
| 48 | Masco (MAS) | Industrials | 35.4% | 16.8% | 18.0% | 10.9% | 12.3% |
| 49 | Northrop Grumman (NOC) | Industrials | 20.5% | 11.1% | 17.7% | 10.8% | 7.8% |
| 50 | Waste Management (WM) | Industrials | 29.1% | 18.3% | 28.9% | 10.7% | 11.2% |
| 51 | Xylem (XYL) | Industrials | 38.5% | 13.5% | 19.7% | 10.6% | 10.1% |
| 52 | Wabtec (WAB) | Industrials | 33.8% | 16.1% | 20.3% | 10.5% | 14.3% |
| 53 | MDU Resources Group (MDU) | Industrials | 29.9% | 15.5% | 28.0% | 10.2% | -17.0% |
| 54 | Otis Worldwide (OTIS) | Industrials | 30.4% | 15.4% | 16.6% | 10.1% | 11.4% |
| 55 | Donaldson Company (DCI) | Industrials | 34.4% | 13.4% | 16.7% | 10.1% | 9.3% |
| 56 | W.W. Grainger (GWW) | Industrials | 39.1% | 13.9% | 15.4% | 9.5% | 7.4% |
| 57 | PACCAR (PCAR) | Industrials | 15.1% | 9.7% | 12.4% | 9.1% | 11.1% |
| 58 | Deere & Company (DE) | Industrials | 34.4% | 16.6% | 23.3% | 8.5% | 3.1% |
| 59 | Cummins (CMI) | Industrials | 25.3% | 11.9% | 16.0% | 8.4% | 7.1% |
| 60 | Applied Industrial Technologies (AIT) | Industrials | 30.4% | 11.2% | 11.6% | 8.3% | 9.0% |
| 61 | RTX (RTX) | Industrials | 20.2% | 10.4% | 15.3% | 8.0% | 9.2% |
| 62 | General Dynamics (GD) | Industrials | 15.1% | 10.2% | 11.6% | 8.0% | 7.5% |
| 63 | Avery Dennison (AVY) | Industrials | 28.8% | 12.4% | 13.8% | 7.7% | 9.7% |
| 64 | Pool (POOL) | Industrials | 29.7% | 10.9% | 11.9% | 7.6% | 11.3% |
| 65 | Ingersoll Rand (IR) | Industrials | 38.2% | 18.1% | 19.9% | 7.5% | 14.9% |
| 66 | EMCOR Group (EME) | Industrials | 19.6% | 9.8% | 11.7% | 7.5% | 7.0% |
| 67 | L3Harris Technologies (LHX) | Industrials | 24.1% | 9.9% | 16.3% | 7.3% | 12.3% |
| 68 | Expeditors International (EXPD) | Industrials | 14.9% | 9.5% | 10.3% | 7.3% | 8.6% |
| 69 | AGCO (AGCO) | Industrials | 24.9% | 6.9% | 9.9% | 7.2% | 7.3% |
| 70 | Franklin Electric Co. (FELE) | Industrials | 35.2% | 12.6% | 11.9% | 6.9% | 7.8% |
| 71 | Delta Air Lines (DAL) | Industrials | 26.2% | 8.8% | 14.8% | 6.9% | 6.0% |
| 72 | Carrier Global (CARR) | Industrials | 25.9% | 9.9% | 14.5% | 6.9% | 9.6% |
| 73 | Alamo Group (ALG) | Industrials | 24.8% | 9.5% | 15.5% | 6.5% | 9.2% |
| 74 | Lockheed Martin (LMT) | Industrials | 9.8% | 9.9% | 10.8% | 6.4% | 7.5% |
| 75 | United Parcel Service (UPS) | Industrials | 18.2% | 9.0% | 13.6% | 6.3% | 5.4% |
| 76 | Textron (TXT) | Industrials | 16.9% | 8.4% | 11.1% | 6.2% | 5.3% |
| 77 | United Airlines Holdings (UAL) | Industrials | 64.2% | 8.4% | 13.9% | 6.1% | 5.3% |
| 78 | J.B. Hunt Transport Services (JBHT) | Industrials | 17.3% | 7.4% | 13.0% | 5.1% | 8.5% |
| 79 | FedEx (FDX) | Industrials | 24.4% | 6.5% | 11.5% | 4.9% | 4.8% |
| 80 | Huntington Ingalls Industries (HII) | Industrials | 12.7% | 5.1% | 9.7% | 4.8% | 8.5% |
| 81 | Axon Enterprise (AXON) | Industrials | 59.7% | 0.0% | 9.4% | 4.5% | 2.7% |
| 82 | Generac (GNRC) | Industrials | 38.3% | 6.9% | 11.1% | 3.8% | 8.5% |
| 83 | Tennant (TNC) | Industrials | 40.2% | 6.1% | 10.4% | 3.6% | 3.6% |
| 84 | Quanta Services (PWR) | Industrials | 13.0% | 5.8% | 8.9% | 3.6% | 5.7% |
| 85 | C.H. Robinson Worldwide (CHRW) | Industrials | 8.4% | 4.9% | 6.0% | 3.6% | 5.5% |
| 86 | Jacobs Solutions (J) | Industrials | 24.4% | 7.3% | 8.7% | 3.5% | 7.1% |
| 87 | Builders FirstSource (BLDR) | Industrials | 30.4% | 5.2% | 9.1% | 2.9% | 5.6% |
| 88 | Southwest Airlines (LUV) | Industrials | 16.5% | 3.4% | 9.4% | 2.8% | -1.4% |
| 89 | Stanley Black & Decker (SWK) | Industrials | 29.9% | 8.0% | 9.2% | 2.7% | 4.5% |
| 90 | Boeing (BA) | Industrials | 4.8% | -5.9% | 7.7% | 2.5% | -1.1% |
| 91 | ABM Industries (ABM) | Industrials | 11.5% | 3.7% | 4.8% | 1.8% | 3.7% |
| 92 | Matthews International (MATW) | Industrials | 34.0% | 0.4% | 16.5% | 1.6% | -5.9% |
| 93 | Alaska Air Group (ALK) | Industrials | 78.4% | 1.5% | 7.7% | 0.5% | -3.3% |
Sorted by Net Margin · Ranks (#) are among the loaded leaderboard rows, not worldwide.