Industrials & Infrastructure
Industrial equipment, aerospace, defense, automation, and infrastructure services. This page compares reported financial scale with the customer needs and operating signals that shape sector performance.
- Companies
- 140
- Average revenue
- $11.8B
- Average margin
- Infinity%
- Average growth
- 5.5%
What this industry is really competing to solve
Demand emerges when operators need reliable output, safety, uptime, and lower total cost under demanding conditions. The deeper motives are control, competence, security, and avoidance of costly failure. This is why the competitive set extends beyond companies with the same industry code.
Customers can also choose rival equipment, repair, internal maintenance, used assets, outsourcing, and delaying replacement. Industry growth becomes durable only when companies make the desired progress easier than those alternatives.
How demand becomes profit and cash
The common mechanism is combining installed base, backlog, service, engineering, and operational reliability into recurring value. Across the industry, the decisive investment question is whether capacity and engineering spend convert backlog into cash without quality or execution failures.
Average operating profit is $1.5B, but the spread between leaders and laggards matters more than the average alone. Compare scale, margin, growth, and the leading indicators together.
Industrials & Infrastructure companies
| Company | Revenue | Operating profit | Margin | Growth |
|---|---|---|---|---|
| Boeing BA | $89.5B | $4.3B | 4.8% | +34.5% |
| RTX RTX | $88.6B | $9.3B | 10.5% | +9.7% |
| Lockheed Martin LMT | $75B | $7.7B | 10.3% | +5.6% |
| Caterpillar CAT | $67.6B | $11.2B | 16.5% | +4.3% |
| General Dynamics GD | $52.6B | $5.4B | 10.2% | +10.1% |
| GE Aerospace GE | $45.9B | $10B | 21.8% | +18.5% |
| Deere & Company DE | $45.7B | $5B | 10.9% | -11.7% |
| Northrop Grumman NOC | $42B | $4.5B | 10.8% | +2.2% |
| Honeywell HON | $37.4B | $5.5B | 14.6% | +7.8% |
| Linde LIN | $34B | $8.9B | 26.3% | +3.0% |
| Cummins CMI | $33.7B | $4B | 12.0% | -1.3% |
| Nucor NUE | $32.5B | $1.7B | 5.4% | +5.7% |
| Quanta Services PWR | $28.5B | $1.6B | 5.7% | +20.3% |
| PACCAR PCAR | $28.4B | $2.4B | 8.4% | -15.5% |
| Eaton ETN | $27.4B | $4.1B | 14.9% | +10.3% |
| 3M MMM | $24.9B | $4.6B | 18.6% | +1.5% |
| Genuine Parts Company GPC | $24.3B | $52M | 0.2% | +3.5% |
| Johnson Controls JCI | $23.6B | $3.3B | 13.9% | +2.8% |
| Sherwin-Williams SHW | $23.6B | $2.6B | 10.9% | +2.1% |
| Wesco International WCC | $23.5B | $1.2B | 5.2% | +7.8% |
| Carrier Global CARR | $21.7B | $2.2B | 10.0% | -3.3% |
| Trane Technologies TT | $21.3B | $4B | 18.6% | +7.5% |
| Parker-Hannifin PH | $19.9B | $4.3B | 21.9% | -0.4% |
| Republic Services RSG | $19B | $3.3B | 17.4% | +3.3% |
| Steel Dynamics STLD | $18.2B | $1.5B | 8.1% | +3.6% |
| Emerson Electric EMR | $18B | $2.3B | 12.7% | +3.0% |
| W.W. Grainger GWW | $17.9B | $2.5B | 13.9% | +4.5% |
| EMCOR Group EME | $17B | $1.7B | 10.1% | +16.6% |
| AECOM ACM | $16.1B | $1B | 6.4% | +0.2% |
| United Rentals URI | $16.1B | $4B | 24.7% | +4.9% |
| Ecolab ECL | $16.1B | $2.7B | 17.0% | +2.2% |
| Illinois Tool Works ITW | $16B | $4.2B | 26.3% | +0.9% |
| PPG Industries PPG | $15.9B | $1.6B | 9.9% | +0.2% |
| Builders FirstSource BLDR | $15.2B | $786M | 5.2% | -7.4% |
| Stanley Black & Decker SWK | $15.1B | $402M | 2.7% | -1.5% |
| Textron TXT | $14.8B | $921M | 6.2% | +8.0% |
| Otis Worldwide OTIS | $14.4B | $2.1B | 14.8% | +1.2% |
| MasTec MTZ | $14.3B | $515M | 3.6% | +16.2% |
| CSX CSX | $14.1B | $4.5B | 32.1% | -3.1% |
| Huntington Ingalls Industries HII | $12.5B | $657M | 5.3% | +8.2% |
| Norfolk Southern NSC | $12.2B | $4.4B | 35.8% | +0.5% |
| Air Products and Chemicals APD | $12B | -$877M | -7.3% | -0.5% |
| Jacobs Solutions J | $12B | $864M | 7.2% | +4.6% |
| Westinghouse Air Brake Technologies WAB | $11.2B | $1.8B | 16.1% | +7.5% |
| Cintas CTAS | $10.3B | $2.4B | 22.8% | +7.7% |
| Vertiv VRT | $10.2B | $1.7B | 17.0% | +27.7% |
| Owens Corning OC | $10.1B | -$522M | -5.2% | +2.6% |
| AGCO AGCO | $10.1B | $596M | 5.9% | -13.5% |
