Sector perspective
Equipment manufacturers, transport operators and industrial service providers face differing order and asset cycles.
Backlog conversion, utilization, deliveries, working capital and service revenue.
Order cancellations, supply constraints, execution risk, labor costs and capital-cycle sensitivity.
Company selection is editorial, not GICS. These annual snapshots have different fiscal year ends and are not a sector index. Each data note shows the full eligible sample and source filings.
Aircraft
CATConstruction Machinery & Equip
CSXRailroads, Line-Haul Operating
DEFarm Machinery & Equipment
ETNMisc Industrial & Commercial Machinery & Equipment
GDShip & Boat Building & Repairing
GEElectronic & Other Electrical Equipment (No Computer Equip)
GEVElectronic & Other Electrical Equipment (No Computer Equip)
LMTGuided Missiles & Space Vehicles & Parts
PHMiscellaneous Fabricated Metal Products
PWRElectrical Work
RTXAircraft Engines & Engine Parts
TTAuto Controls For Regulating Residential & Comml Environments
UNPRailroads, Line-Haul Operating
UPSTrucking & Courier Services (No Air)
Across 12 eligible industrials companies, the equal-weight median capital expenditure as a share of revenue was 3.21% for the prior selected annual periods.
Across 11 eligible industrials companies, the equal-weight median capital expenditure as a share of revenue was 3.29% for the latest selected annual periods.
Across 15 eligible industrials companies, the equal-weight median operating cash-flow margin was 12.17% for the prior selected annual periods.
Across 15 eligible industrials companies, the equal-weight median operating cash-flow margin was 14.98% for the latest selected annual periods.
Across 13 eligible industrials companies, the equal-weight median equity as a share of assets was 24.94% for the prior selected annual periods.
Across 13 eligible industrials companies, the equal-weight median equity as a share of assets was 26.50% for the latest selected annual periods.
Across 12 eligible industrials companies, the equal-weight median liabilities as a share of assets was 76.42% for the prior selected annual periods.
Across 12 eligible industrials companies, the equal-weight median liabilities as a share of assets was 74.48% for the latest selected annual periods.
Across 15 eligible industrials companies, the equal-weight median net margin was 12.94% for the prior selected annual periods.
Across 15 eligible industrials companies, the equal-weight median net margin was 12.83% for the latest selected annual periods.
Across 13 eligible industrials companies, the equal-weight median operating margin was 10.05% for the prior selected annual periods.
Across 12 eligible industrials companies, the equal-weight median operating margin was 10.40% for the latest selected annual periods.
Across 14 eligible industrials companies, the equal-weight median revenue growth was 2.84% for the prior selected annual periods.
Across 15 eligible industrials companies, the equal-weight median revenue growth was 8.31% for the latest selected annual periods.
Annual revenue of USD 89.463 billion and net income of USD 2.235 billion for the period ended 2025-12-31.
A two-period review of CAT revenue, profitability and cash conversion; reported revenue growth was 4.29%.
Annual revenue of USD 67.589 billion and net income of USD 8.882 billion for the period ended 2025-12-31.
Annual revenue of USD 14.092 billion and net income of USD 2.889 billion for the period ended 2025-12-31.
A two-period review of DE revenue, profitability and cash conversion; reported revenue growth was -11.66%.
Annual revenue of USD 45.684 billion and net income of USD 5.027 billion for the period ended 2025-11-02.