Industrials companies with the highest operating margin

Operating margin is operating income divided by revenue. Only companies with at least $1 billion in revenue are ranked here. 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 287 · Fiscal year 2025 · Data as of September 25, 2026

Only companies with at least $1bn in revenue are ranked.

Danaos (DAC) tops the list with 47.8% in operating margin for fiscal 2025, ahead of TransDigm Group (47.2%) and Moodys (43.4%). Across the top 10, operating margin ranges from 47.8% down to 35.3%. 287 companies in Industrials report operating margin, 19.3% of the 1486-filer universe. The last place on the list, Korn Ferry, comes in at 12.8%.

Operating margin
#CompanyOperating marginYoY15-year trend
1DanaosDACGR47.8%−10.3%
2TransDigm GroupTDGUS47.2%+6.1%
3MoodysMCOUS43.4%+7.0%
4S&P GlobalSPGIUS42.2%+7.6%
5Union PacificUNPUS40.2%+0.3%
6PaychexPAYXUS38.6%−2.7%
7Canadian National RailwayCNICA38.1%+3.9%
8Canadian Pacific Kansas CityCPCA37.2%+4.5%
9Norfolk SouthernNSCUS35.8%+6.5%
10Lam ResearchLRCXUS35.3%+10.3%
11ASML HoldingASMLNL34.6%+8.4%
12Booking HoldingsBKNGUS32.8%+3.0%
13CSXCSXUS32.1%−11.1%
14FerrovialFERNL30.9%+363.0%
15FrontlineFRO30.4%−16.0%
16Trinity IndustriesTRNUS30.1%+88.6%
17GracoGGGUS27.9%+3.6%
18Royal Caribbean CruisesRCLUS27.4%+9.9%
19TormTRMDGB26.6%−37.0%
20Illinois Tool WorksITWUS26.3%−2.0%
21GarminGRMNCH25.9%+2.3%
22Snap-OnSNAUS25.8%−2.3%
23ADTADTUS25.5%+3.5%
24NordsonNDSNUS25.5%+1.7%
25Brookfield Infrastructure PartnersBIPHBM25.1%+6.5%
26Corporacion America AirportsCAAPLU24.9%+2.6%
27Old Dominion Freight LineODFLUS24.8%−6.7%
28United RentalsURIUS24.7%−6.8%
29Ftai AviationFTAIUS24.2%+2,862.6%
30Viking HoldingsVIKUS23.1%+14.6%
31HeicoHEIUS22.7%+6.3%
32Copa HoldingsCPAPA22.6%+3.6%
33RBC BearingsRBCUS22.5%−0.5%
34TrexTREXUS22.0%−21.4%
35Parker-HannifinPHUS21.9%+7.3%
36Honeywell InternationalHONUS21.7%−1.7%
37Green Brick PartnersGRBKUS21.5%−13.5%
38ZTO Express (Cayman)ZTOCN21.3%−19.8%
39AllegionALLEUS21.1%+2.1%
40TidewaterTDWUS20.9%−9.7%
41Hayward HoldingsHAYWUS20.8%+4.7%
42AirbnbABNBUS20.8%−9.6%
43PentairPNRGB20.5%+4.3%
44IdexIEXUS20.2%−2.4%
45Lennox InternationalLIIUS20.0%+2.9%
46AzulAZULBR20.0%+15.0%
47DeereDEUS19.8%−17.4%
48Powell IndustriesPOWLUS19.7%+11.7%
49Simpson ManufacturingSSDUS19.6%+1.9%
50Sunbelt RentalsSUNBUS19.6%−15.6%
51Dominos PizzaDPZUS19.3%+3.4%
52RollinsROLUS19.3%−0.5%
53Teledyne TechnologiesTDYUS18.8%+7.8%
54TransunionTRUUS18.7%+17.6%
55TE ConnectivityTELIE18.6%+5.4%
56Alliance LaundryALHUS18.6%−1.4%
57CraneCRUS18.4%+10.2%
58Watts Water TechnologiesWTSUS18.4%+6.0%
59Mueller Water ProductsMWAUS18.2%+31.9%
60Curtiss WrightCWUS18.1%+6.9%
61EquifaxEFXUS18.0%−1.7%
62EatonETNIE18.0%−2.1%
63MiddlebyMIDDUS18.0%−12.2%
64IttITTUS17.4%−6.9%
65Ul SolutionsULSUS17.1%+6.2%
66DoverDOVUS17.0%+9.0%
67Lincoln ElectricLECOUS17.0%+6.8%
68CarnivalCCLUS16.8%+17.9%
69MascoMASUS16.5%−5.2%
70CaterpillarCATUS16.5%−18.2%
71Zurn Elkay Water SolutionsZWSUS16.4%+5.3%
72Latam AirlinesLTMCL16.4%+36.3%
73Sterling InfrastructureSTRLUS16.3%+30.3%
74FrontdoorFTDRUS16.1%−3.7%
75Westinghouse Air Brake TechnologiesWABUS16.1%+3.7%
76AzzAZZUS16.0%+7.0%
77Norwegian Cruise LineNCLHUS15.9%+2.7%
78Nvent ElectricNVTUS15.8%−9.6%
79GartnerITUS15.8%−14.4%
80Toll BrothersTOLUS15.7%−16.6%
81SPX TechnologiesSPXCUS15.5%−0.5%
82SkywestSKYWUS15.2%+8.6%
83Ingersoll RandIRUS15.0%−16.7%
84KadantKAIUS14.9%−8.1%
85MatsonMATXUS14.9%−7.2%
86Crane NXTCXTUS14.9%−17.6%
87GenpactGBM14.8%+0.3%
88KirbyKEXUS14.8%+20.7%
89Zim Integrated Shipping ServicesZIMIL14.7%−50.9%
90WoodwardWWDUS14.6%+7.0%
91EsabESABUS14.5%−11.2%
92W.W. GraingerGWWUS13.9%−9.5%
93Horton D RDHIUS13.8%−19.0%
94XylemXYLUS13.5%+14.9%
95Gates IndustrialGTESUS13.5%−2.5%
96DonaldsonDCIUS13.4%−11.5%
97Star Bulk CarriersSBLKGR13.1%−56.6%
98Installed Building ProductsIBPUS13.0%+0.0%
99Zebra TechnologiesZBRAUS13.0%−12.9%
100Korn FerryKFYUS12.8%+1.7%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Industrials companies with the highest operating margin |url=https://companiesranked.com/en/industrial-companies-with-the-highest-operating-margin |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-industrial-companies-with-the-highest-operating-margin-2026,
  author       = {{CompaniesRanked}},
  title        = {{Industrials companies with the highest operating margin}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/industrial-companies-with-the-highest-operating-margin}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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