CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest industrials companies by operating income

Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 404 · Fiscal year 2025 · Data as of September 25, 2026

ASML Holding (ASML) tops the list with $12.8B in operating income for fiscal 2025, ahead of Caterpillar ($11.2B) and Union Pacific ($9.8B). The top 10 together report $92.9B in operating income; the gap between #1 and #10 is ×1.65. 404 companies in Industrials report operating income, 18.9% of the 2135-filer universe. The last place on the list, Lincoln Electric, comes in at $718M.

Operating income
#CompanyOperating incomeYoY15-year trend
1ASML HoldingASMLNL$12.8B+30.8%
2CaterpillarCATUS$11.2B−14.7%
3Union PacificUNPUS$9.8B+1.4%
4RTXRTXUS$9.3B+42.2%
5DeereDEUS$9.0B−30.2%
6Booking HoldingsBKNGUS$8.8B+16.8%
7Lam ResearchLRCXUS$8.2B+39.0%
8Honeywell InternationalHONUS$8.1B+6.0%
9United Parcel ServiceUPSUS$7.9B−7.1%
10Lockheed MartinLMTUS$7.7B+10.2%
11S&P GlobalSPGIUS$6.5B+16.1%
12Delta Air LinesDALUS$5.8B−2.9%
13Brookfield Infrastructure PartnersBIPHBM$5.8B+16.9%
14FedExFDXUS$5.5B+4.7%
15General DynamicsGDUS$5.4B+11.7%
16EatonETNIE$4.9B+8.0%
17Royal Caribbean CruisesRCLUS$4.9B+19.6%
18Horton D RDHIUS$4.7B−24.6%
19Canadian National RailwayCNICA$4.7B+3.3%
20United AirlinesUALUS$4.7B−7.5%
21CSXCSXUS$4.5B−13.8%
22Northrop GrummanNOCUS$4.5B+3.2%
23CarnivalCCLUS$4.5B+25.4%
24Norfolk SouthernNSCUS$4.4B+7.0%
25Parker-HannifinPHUS$4.3B+6.8%
26BoeingBAUS$4.3B+$15.0B
27Illinois Tool WorksITWUS$4.2B−1.1%
28TransDigm GroupTDGUS$4.2B+18.0%
29CumminsCMIUS$4.0B+7.3%
30Canadian Pacific Kansas CityCPCA$4.0B+6.1%
31United RentalsURIUS$4.0B−2.3%
32FerrovialFERNL$3.4B+398.0%
33MoodysMCOUS$3.4B+16.6%
34TE ConnectivityTELIE$3.2B+14.8%
35SyscoSYYUS$3.1B+0.2%
36LennarLENUS$2.8B−45.7%
37Ferguson EnterprisesFERGUS$2.6B−1.7%
38AirbnbABNBUS$2.5B−0.4%
39PaychexPAYXUS$2.5B+13.7%
40W.W. GraingerGWWUS$2.5B−5.4%
41Latam AirlinesLTMCL$2.3B+51.6%
42Sunbelt RentalsSUNBUS$2.2B−12.7%
43Carrier GlobalCARRUS$2.2B−17.9%
44SeaSESG$2.0B+199.8%
45Johnson Controls InternationalJCIIE$2.0B+29.4%
46GarminGRMNCH$1.9B+17.7%
47Expedia GroupEXPEUS$1.9B+41.8%
48Westinghouse Air Brake TechnologiesWABUS$1.8B+11.4%
49Toll BrothersTOLUS$1.7B−15.7%
50Emcor GroupEMEUS$1.7B+27.4%
51CNH IndustrialCNHGB$1.7B+14.6%
52Quanta ServicesPWRUS$1.6B+19.7%
53Norwegian Cruise LineNCLHUS$1.6B+6.5%
54Crown HoldingsCCKUS$1.6B+9.4%
55Viking HoldingsVIKUS$1.5B+39.7%
56ZTO Express (Cayman)ZTOCN$1.5B−7.2%
57American AirlinesAALUS$1.5B−43.9%
58TD SynnexSNXUS$1.4B+18.5%
59DoverDOVUS$1.4B+13.8%
60Old Dominion Freight LineODFLUS$1.4B−11.8%
61Snap-OnSNAUS$1.3B−1.3%
62ADTADTUS$1.3B+8.3%
63BallBALLUS$1.3B+4.9%
64MascoMASUS$1.2B−8.4%
65Wesco InternationalWCCUS$1.2B+0.8%
66XylemXYLUS$1.2B+21.2%
67US FoodsUSFDUS$1.2B+9.1%
68Teledyne TechnologiesTDYUS$1.1B+16.2%
69Ingersoll RandIRUS$1.1B−12.0%
70TextronTXTUS$1.1B+20.6%
71EquifaxEFXUS$1.1B+5.1%
72Expeditors International of WashingtonEXPDUS$1.1B+1.1%
73Lennox InternationalLIIUS$1.0B+0.1%
74Booz Allen HamiltonBAHUS$1.0B−24.6%
75AECOMACMUS$1.0B+24.1%
76GartnerITUS$1.0B−11.3%
77HeicoHEIUS$1.0B+23.6%
78Zim Integrated Shipping ServicesZIMIL$1.0B−59.8%
79RelianceRSUS$1.0B−12.7%
80LKQLKQUS$993M−13.3%
81Dominos PizzaDPZUS$954M+8.5%
82Performance FoodPFGCUS$888M+8.7%
83Ingram MicroINGMUS$877M+7.2%
84Hunt J B Transport ServicesJBHTUS$865M+4.1%
85Jacobs SolutionsJUS$864M+24.7%
86AllegionALLEUS$860M+10.1%
87TransunionTRUUS$858M+28.7%
88PentairPNRGB$858M+6.7%
89Arrow ElectronicsARWUS$822M+7.0%
90Copa HoldingsCPAPA$819M+8.8%
91C. H. Robinson WorldwideCHRWUS$795M+18.8%
92KBRKBRUS$778M+18.1%
93AzulAZULBR$774M+23.0%
94Somnigroup InternationalSGIUS$755M+19.0%
95GenpactGBM$750M+6.9%
96RollinsROLUS$726M+10.5%
97AvnetAVTUS$725M+40.9%
98Core & MainCNMUS$722M+0.4%
99WatscoWSOUS$720M−7.9%
100Lincoln ElectricLECOUS$718M+12.8%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Largest industrials companies by operating income |url=https://companiesranked.com/en/largest-industrial-companies-by-operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Largest industrials companies by operating income. CompaniesRanked. https://companiesranked.com/en/largest-industrial-companies-by-operating-income

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@misc{companiesranked-en-largest-industrial-companies-by-operating-income-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest industrials companies by operating income}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-industrial-companies-by-operating-income}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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