Industrial
Sector deep dive
Industrial
Aerospace, defense, machinery, transportation, logistics, construction, and engineering — industrials are the physical backbone of the economy. The sector tends to track economic cycles closely and contains some of the most enduring duopolies (Boeing/Airbus, Union Pacific/BNSF, WABTEC/Caterpillar).
582 public companies in this sector are currently in the Substox database. Below are the top names by market capitalization.
Every other Industrial company 541 more
Rockwell Automation, Inc.
Delta Air Lines, Inc.
Westinghouse Air Brake Technologies Corporation
HEICO Corporation,
Symbotic Inc.
EMCOR Group, Inc.- HEICO Corporation
Ingersoll Rand Inc.
Axon Enterprise, Inc.
Copart, Inc.
Transurban
United Airlines Holdings, Inc.
Otis Worldwide Corporation
Dover Corporation
Hubbell Incorporated- Sunbelt Rentals Holdings, Inc.
Xylem Inc.
MasTec, Inc.
Curtiss-Wright Corporation
American Water Works Company, Inc.
FTAI Aviation Ltd.
Verisk Analytics, Inc.
J.B. Hunt Transport Services, Inc.
Woodward, Inc.
Veralto Corporation
Carpenter Technology Corporation
ATI Inc.
Avis Budget Group, Inc.
C.H. Robinson Worldwide, Inc.
APi Group Corporation
Snap-on Incorporated
Southwest Airlines Co.
BWX Technologies, Inc.
Expeditors International of Washington, Inc.
Global Payments Inc.
ITT Inc.
RB Global, Inc.
RBC Bearings Incorporated
UL Solutions Inc.
Innio N.V.
Lennox International Inc.- Madison Air Solutions Corporation
Watsco, Inc.,
QXO, Inc.- Watsco, Inc.
Nextpower Inc.
Clean Harbors, Inc.
Nordson Corporation
Textron Inc.
WESCO International, Inc.- Arxis, Inc.
IDEX Corporation
Jacobs Solutions Inc.
Huntington Ingalls Industries, Inc.
Advanced Energy Industries, Inc.
Carlisle Companies Incorporated
Mueller Industries, Inc.
Graco Inc.
Sterling Infrastructure, Inc.
Lincoln Electric Holdings, Inc.
GFL Environmental Inc.
Regal Rexnord Corporation
Masco Corporation
Planet Labs PBC
Kratos Defense & Security Solutions, Inc.
Generac Holdings Inc.
Dycom Industries, Inc.
Advanced Drainage Systems, Inc.
Aramark
Stanley Black & Decker, Inc.
Saia, Inc.
Leonardo DRS, Inc.
IES Holdings, Inc.
AECOM
Applied Industrial Technologies, Inc.
Crane Company
SPX Technologies, Inc.- Karman Holdings Inc.
AeroVironment, Inc.
Flowserve Corporation- X-Energy, Inc.
U-Haul Holding Company
Forgent Power Solutions, Inc.
Knight-Swift Transportation Holdings Inc.
Donaldson Company, Inc.- Moog Inc.
Watts Water Technologies, Inc.
Booz Allen Hamilton Holding Corporation
Owens Corning
Builders FirstSource, Inc.
Core & Main, Inc.
Oshkosh Corporation
The Toro Company
A. O. Smith Corporation
Valmont Industries, Inc.
Ryder System, Inc.
Powell Industries, Inc.
Acuity Inc.
Primoris Services Corporation
Joby Aviation, Inc.
AGCO Corporation
Pool Corporation
Argan, Inc.
StandardAero, Inc.
Tetra Tech, Inc.- Legence Corp.
Zurn Elkay Water Solutions Corporation
AAON, Inc.
American Airlines Group Inc.
Kirby Corporation
The Timken Company
Armstrong World Industries, Inc.
EnerSys
GATX Corporation
Construction Partners, Inc.
Terex Corporation
JBT Marel Corporation
Federal Signal Corporation
Firefly Aerospace Inc.
Amentum Holdings, Inc.
Fluor Corporation
GXO Logistics, Inc.
The Middleby Corporation
MSA Safety Incorporated- Everus Construction Group, Inc.
Hexcel Corporation
ESAB Corporation
SiteOne Landscape Supply, Inc.
Gates Industrial Corporation plc
EquipmentShare.com Inc.
Dolby Laboratories, Inc.
Intuitive Machines, Inc.
Landstar System, Inc.
Resideo Technologies, Inc.
Loar Holdings Inc.
Enpro Inc.
ADT Inc.
VSE Corporation
Arcosa, Inc.
FTI Consulting, Inc.
MSC Industrial Direct Co., Inc.
Seaboard Corporation
York Space Systems, Inc.
Granite Construction Incorporated
Schneider National, Inc.
MYR Group Inc.
Matson, Inc.
Alliance Laundry Holdings Inc.
Mercury Systems, Inc.
Casella Waste Systems, Inc.
Louisiana-Pacific Corporation
CSW Industrials, Inc.
Mirion Technologies, Inc.
Fortune Brands Innovations, Inc.
GPGI, Inc.
UniFirst Corporation
Alaska Air Group, Inc.
KBR, Inc.
AAR Corp.
The Brink's Company
Tutor Perini Corporation
Franklin Electric Co., Inc.
Archer Aviation Inc.
MDU Resources Group, Inc.
Trex Company, Inc.
Mueller Water Products, Inc.
Plug Power Inc.
Griffon Corporation
NuScale Power Corporation
AZZ Inc.
AEVEX Corp.
Brady Corporation
WillScot Holdings Corporation
BETA Technologies, Inc.
Kadant Inc.
SkyWest, Inc.
Maximus, Inc.
Herc Holdings Inc.
Otter Tail Corporation- NIQ Global Intelligence plc
Korn Ferry
Hayward Holdings, Inc.
Exponent, Inc.
Standex International Corporation
Applied Aerospace & Defense Inc.
RXO, Inc.- HawkEye 360, Inc.
Robert Half Inc.
Kennametal Inc.
Amprius Technologies, Inc.
McGrath RentCorp
Worthington Enterprises, Inc.
Astronics Corporation
Hub Group, Inc.
Crane NXT, Co.
ArcBest Corporation
Xometry, Inc.
The GEO Group, Inc.
DXP Enterprises, Inc.
Trinity Industries, Inc.
Eos Energy Enterprises, Inc.
ABM Industries Incorporated
Atkore Inc.
First Advantage Corporation
Helios Technologies, Inc.
DNOW Inc.
CECO Environmental Corp.- Babcock & Wilcox Enterprises, Inc.
Hertz Global Holdings, Inc.
Midera Food Processing Inc.
Pitney Bowes Inc.
Redwire Corporation
Ducommun Incorporated
V2X, Inc.
Alamo Group Inc.
CoreCivic, Inc.
JetBlue Airways Corporation
Huron Consulting Group Inc.
Werner Enterprises, Inc.- American Superconductor Corporation
Blue Bird Corporation- TIC Solutions, Inc.
TriNet Group, Inc.
Custom Truck One Source, Inc.
Neutron Holdings, Inc.
Enerpac Tool Group Corp.- Power Solutions International, Inc.
Hillman Solutions Corp.
The Gorman-Rupp Company
CBIZ, Inc.
Napco Security Technologies, Inc.
Preformed Line Products Company
Arlo Technologies, Inc.- Merlin, Inc.
Target Hospitality Corp.
Allegiant Travel Company- ITG, Inc.
Red Cat Holdings, Inc.
Proto Labs, Inc.
Willis Lease Finance Corporation
ManpowerGroup Inc.
The Greenbrier Companies, Inc.
BlackSky Technology Inc.
Tennant Company
Ameresco, Inc.
Enovix Corporation
Deluxe Corporation
Energizer Holdings, Inc.
Ryerson Holding Corporation
T1 Energy Inc.
Vestis Corporation
Astec Industries, Inc.
PROG Holdings, Inc.
Cadre Holdings, Inc.
Global Industrial Company
Eastman Kodak Company- Falcon's Beyond Global, Inc.
ICF International, Inc.
NANO Nuclear Energy Inc.
Distribution Solutions Group, Inc.
Insperity, Inc.
Evolv Technologies Holdings, Inc.
PureCycle Technologies, Inc.- Resolute Holdings Management, Inc.
Marten Transport, Ltd.
TETRA Technologies, Inc.
BrightView Holdings, Inc.
Gibraltar Industries, Inc.,
LegalZoom.com, Inc.- Willdan Group, Inc.
Limbach Holdings, Inc.
Lindsay Corporation- Eve Holding, Inc.
CRA International, Inc.
Genco Shipping & Trading Limited
Graham Corporation
Satellogic Inc.
Frontier Group Holdings, Inc.
Republic Airways Holdings Inc.
National Presto Industries, Inc.
Quanex Building Products Corporation
Heartland Express, Inc.- Compass Diversified
Matthews International Corporation
Covenant Logistics Group, Inc.
Janus International Group, Inc.- Terrestrial Energy Inc.
Apogee Enterprises, Inc.
Transcat, Inc.
Montrose Environmental Group, Inc.
Barrett Business Services, Inc.
Cardinal Infrastructure Group Inc.
Serve Robotics Inc.
Forward Air Corporation
Spire Global, Inc.
Latham Group, Inc.
Park Aerospace Corp.
Hyster-Yale, Inc.
Kimball Electronics, Inc.
Sturm, Ruger & Company, Inc.
Smith & Wesson Brands, Inc.- FTAI Infrastructure Inc.
Universal Logistics Holdings, Inc.
Cass Information Systems, Inc.
MSC Income Fund, Inc.
Mistras Group, Inc.
Richtech Robotics Inc.
Kforce Inc.
Energy Recovery, Inc.- Bowman Consulting Group Ltd.
Cryoport, Inc.
Tejon Ranch Co.
Titan International, Inc.- Ennis, Inc.
FuelCell Energy, Inc.
Pangaea Logistics Solutions Ltd.
Insteel Industries Inc.
Acacia Research Corporation
Orion Group Holdings, Inc.- TAT Technologies Ltd.
Titan Machinery Inc.
Envela Corporation
The Manitowoc Company, Inc.
Columbus McKinnon Corporation
BlueLinx Holdings Inc.- The Elmet Group Co.
American Battery Technology Company
Mayville Engineering Company, Inc.- Strata Critical Medical, Inc.
Lightbridge Corporation
Quad/Graphics, Inc.- Concrete Pumping Holdings, Inc.
Radiant Logistics, Inc.
Boston Omaha Corporation
Wabash National Corporation- Innovative Aerosystems, Inc.
NET Power Inc.
Park-Ohio Holdings Corp.
Kelly Services, Inc.,
Matrix Service Company
Luxfer Holdings PLC
Omega Flex, Inc.- Kelly Services, Inc.
AerSale Corporation,
L.B. Foster Company
Tredegar Corporation
ACCO Brands Corporation
Wheels Up Experience Inc.
Aspen Aerogels, Inc.
CompX International Inc.
NL Industries, Inc.- Starfighters Space, Inc.
- Energy Services of America Corporation
- AIRO Group Holdings, Inc.
EVI Industries, Inc.
Twin Disc, Incorporated- Capstone Energy Plus
Perma-Pipe International Holdings, Inc.
Sidus Space, Inc.- Outdoor Holding Company
Virgin Galactic Holdings, Inc.
Perma-Fix Environmental Services, Inc.
LanzaTech Global, Inc.
GrafTech International Ltd.- AirJoule Technologies Corporation
Alta Equipment Group Inc.
RCM Technologies, Inc.
Gencor Industries, Inc.
flyExclusive, Inc.- Espey Mfg. & Electronics Corp.
Shimmick Corporation
SEACOR Marine Holdings Inc.- Ampco-Pittsburgh Corporation
Proficient Auto Logistics, Inc.- PAMT CORP
Taylor Devices, Inc.
FreightCar America, Inc.- Atlantic International Corp.
INNOVATE Corp.
SKYX Platforms Corp.
HireQuest, Inc.- AMC Robotics Corporation
- RF Industries, Ltd.
- Byrna Technologies Inc.
- Resources Connection, Inc.
- Coda Octopus Group, Inc.
TrueBlue, Inc.
Ultralife Corporation- Tecogen Inc.
The Eastern Company- CEA Industries Inc.
Forrester Research, Inc.- Bridger Aerospace Group Holdings, Inc.
- VisionWave Holdings, Inc.
JELD-WEN Holding, Inc.
Blink Charging Co.- DMC Global Inc.
NN, Inc.
Hurco Companies, Inc.
Identiv, Inc.
Arq, Inc.- Safe Pro Group Inc.
- GrabAGun Digital Holdings Inc.
Surf Air Mobility Inc.- SIFCO Industries, Inc.
- DLH Holdings Corp.
- XTI Aerospace, Inc.
Ocean Power Technologies, Inc.- Mobile Infrastructure Corporation
Team, Inc.- Mastech Digital, Inc.
- Optex Systems Holdings, Inc.
- BGSF, Inc.
- Hyperscale Data, Inc.
CleanCore Solutions, Inc.
Where Food Comes From, Inc.- RYTHM, Inc.
Southland Holdings, Inc.- VenHub Global, Inc.
374Water Inc.
Air T, Inc.
Broadwind, Inc.
Knightscope, Inc.- Abundia Global Impact Group Inc.
- CPI Aerostructures, Inc.
Solidion Technology, Inc.- Wetour Robotics Limited
- Fuel Tech, Inc.
TechPrecision Corporation
Ideal Power Inc.- Birchtech Corp.
Orion Energy Systems, Inc.
Momentus Inc.- CVD Equipment Corporation
- Network-1 Technologies, Inc.
Energy Focus, Inc.
Laser Photonics Corporation
ESS Tech, Inc.
Pioneer Power Solutions, Inc.- ClearSign Technologies Corporation
- Lakeside Holding Limited
Flux Power Holdings, Inc.
GEE Group Inc.- Stardust Power Inc.
Dragonfly Energy Holdings Corp.- T3 Defense Inc.
Quest Resource Holding Corporation
Harte Hanks, Inc.- OFA Group
- Rain Enhancement Technologies Holdco, Inc.
Xos, Inc.- Planet Green Holdings Corp.
- Nixxy, Inc.
- Art's-Way Manufacturing Co., Inc.
- Toppoint Holdings Inc.
- Universal Safety Products, Inc.
Air Industries Group- Aqua Metals, Inc.
- Armlogi Holding Corp.
Nauticus Robotics, Inc.- VerifyMe, Inc.
- TOMI Environmental Solutions, Inc.
- Chicago Rivet & Machine Co.
- Professional Diversity Network, Inc.
Elite Express Holding Inc.- Avalon Holdings Corporation
Clean Energy Technologies, Inc.
urban-gro, Inc.
Expion360 Inc.- Bloomia Holdings, Inc.
BIO-key International, Inc.- Olenox Industries Inc.
- Callan JMB Inc.
Polar Power, Inc.- RenX Enterprises Corp.
Hydrofarm Holdings Group, Inc.- Volato Group, Inc.
- Singularity Future Technology Ltd.
- Greenwave Technology Solutions, Inc.
- Iveda Solutions, Inc.
Cheetah Net Supply Chain Service Inc.
ABB- AerSale Corporation
Airbus- Ashtead
Assa Abloy
BAE Systems
CATL
Canadian National Railway
Canadian Pacific Kansas City Railway- Central Japan Railway
- Chervon Holdings Limited
- Colt CZ Group
- DSV
Daikin
Daimler Truck- Doosan
- Doosan Enerbility
- East Japan Railway
- Elbit Systems
- Fanuc
FedEx Freight Holding Company Inc.
Ferguson Enterprises Inc.,- Fujikura
- Geberit
HD Hyundai Heavy Industries- Halma
- Hanwha Aerospace
- Hanwha Ocean (DSME)
Hitachi- Itōchū Shōji
Johnson Controls- KONE
Komatsu- Kühne + Nagel
LG Energy Solution- Marubeni
Mitsubishi Corporation
Mitsubishi Electric
Mitsubishi Heavy Industries
Mitsui Bussan
Pentair
Rheinmetall
Ritchie Bros. Auctioneers- Rolls-Royce Holdings
Ryanair
Safran
Schindler Group
Schneider Electric
Siemens- TE Connectivity
Techtronic Industries
Thales- Toyota Industries
- Toyota Tsusho
Trane Technologies
Vinci SA
Volvo- WEG ON
- WSP Global
eRock Inc