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    Industrial Stocks

    Industrial stocks are the 585 companies GNG Research tracks in the Industrials sector, from aerospace and defense companies and machinery makers to engineering firms, railroads and shipping companies. 262 of them pay a dividend, with a median forward yield of 1.48% among payers. The largest by market cap are SPCX, Caterpillar (CAT) and GE Aerospace (GE). State Street Industrial Select Sector SPDR ETF (XLI), the sector proxy used here, has a total return of +9.0% in 2026 through Oct 16, 2026, against +12.8% for the S&P 500 (SPY).

    Prices and yields use the latest available records. Returns through Oct 16, 2026.

    Loads every company on this page in the Research Terminal for deeper screening. A free account is required.

    Industrial Sector Performance

    Calendar-year total returns of State Street Industrial Select Sector SPDR ETF (XLI) and the S&P 500 (SPY), with dividends reinvested.

    YearIndustrials (XLI)S&P 500 (SPY)Difference
    2026 YTD+9.0%+12.8%-3.8 pts
    2025+19.3%+17.7%+1.6 pts
    2024+17.3%+24.9%-7.6 pts
    2023+18.1%+26.2%-8.1 pts
    2022-5.6%-18.2%+12.6 pts
    2021+21.1%+28.7%-7.7 pts
    2020+11.0%+18.4%-7.4 pts
    2019+29.1%+31.2%-2.1 pts
    2018-13.2%-4.6%-8.7 pts
    2017+24.0%+21.7%+2.3 pts
    2016+20.0%+12.0%+8.0 pts
    2015-4.3%+1.3%-5.6 pts
    2014+10.4%+13.5%-3.1 pts
    2013+40.5%+32.3%+8.2 pts
    2012+14.9%+16.0%-1.1 pts
    2011-1.1%+1.9%-3.0 pts
    2010+27.8%+15.1%+12.8 pts

    Total returns from daily closes with dividends reinvested and splits applied, using State Street Industrial Select Sector SPDR ETF (XLI) as the sector proxy and SPY for the S&P 500. 2026 is year to date through Oct 16, 2026.

    Growth of $10,000 in XLI

    A $10,000 investment in State Street Industrial Select Sector SPDR ETF (XLI) at the start of 2010, with dividends reinvested, against the same amount in the S&P 500 (SPY).

    $10,000 invested in XLI at the start of 2010 grew to $82,143 by Oct 16, 2026 with dividends reinvested, against $92,073 in SPY.

    Industrial Stocks by Industry

    One listing per company; preferred shares, notes and funds are left out.

    IndustryCompaniesPay a dividendMedian forward yield
    Aerospace & Defense72260.81%
    Specialty Industrial Machinery69401.10%
    Engineering & Construction40160.92%
    Specialty Business Services39162.32%
    Electrical Equipment & Parts3790.67%
    Marine Shipping37224.79%
    Building Products & Equipment24121.61%
    Integrated Freight & Logistics2491.75%
    Farm & Heavy Construction Machinery21121.28%
    Conglomerates20102.62%
    Industrial Distribution18102.30%
    Security & Protection Services1771.41%
    Other industries (13)150731.55%

    Industrials ETFs

    Funds that hold industrial stocks. XLI is the sector proxy for the returns on this page; yields and expense ratios are the figures each fund's page shows.

    ETFExpense ratioNet assetsForward yield
    XLIState Street Industrial Select Sector SPDR ETF0.08%$24.30B1.08%
    VISVanguard Industrials Index Fund ETF Shares0.09%$7.60B0.87%
    IYJiShares U.S. Industrials ETF0.38%$2.10B0.77%

    Industrial Stocks List

    All 585 industrial stocks GNG Research tracks, largest first. Yield is the trailing 12-month dividend yield each stock page shows.

    SPCX Space Exploration Technologies Corp. Class A Common StockSpace Exploration Technologies Corp. Class A Common Stock$1.96TN/A
    CAT Caterpillar IncCaterpillar Inc$335.91B0.89%
    GE GE AerospaceGE Aerospace$325.62B0.60%
    RTX RTX CorporationRTX Corporation$261.36B1.60%
    GEV GE Vernova LLCGE Vernova LLC$245.35B0.22%
    DE Deere & CompanyDeere & Company$175.36B1.00%
    UNP Union Pacific CorporationUnion Pacific Corporation$171.71B1.97%
    ETN Eaton Corporation PLCEaton Corporation PLC$151.96B1.09%
    BA The Boeing CompanyThe Boeing Company$150.34BN/A
    LMT Lockheed Martin CorporationLockheed Martin Corporation$127.42B2.59%
    PH Parker-Hannifin CorporationParker-Hannifin Corporation$121.49B0.83%
    TT Trane Technologies plcTrane Technologies plc$100.97B0.92%
    PWR Quanta Services IncQuanta Services Inc$95.00B0.07%
    GD General Dynamics CorporationGeneral Dynamics Corporation$93.13B1.91%
    WM Waste Management IncWaste Management Inc$90.68B1.69%
    CSX CSX CorporationCSX Corporation$90.20B1.15%
    EMR Emerson Electric CompanyEmerson Electric Company$90.07B1.37%
    HWM Howmet AerospaceĀ IncHowmet AerospaceĀ Inc$88.12B0.25%
    JCI Johnson Controls International PLCJohnson Controls International PLC$88.12B1.08%
    MMM 3M Company3M Company$84.97B1.89%
    UPS United Parcel Service IncUnited Parcel Service Inc$82.93B6.70%
    CTAS Cintas CorporationCintas Corporation$82.84B0.98%
    VRT Vertiv Holdings CoVertiv Holdings Co$79.47B0.12%
    ITW Illinois Tool Works IncIllinois Tool Works Inc$77.55B2.54%
    CP Canadian Pacific Kansas City LimitedCanadian Pacific Kansas City Limited$76.80B0.88%
    NOC Northrop Grumman CorporationNorthrop Grumman Corporation$73.85B1.98%
    NSC Norfolk Southern CorporationNorfolk Southern Corporation$73.43B1.66%
    CMI Cummins IncCummins Inc$73.15B1.65%
    CNI Canadian National Railway CompanyCanadian National Railway Company$72.94B2.20%
    RSG Republic Services IncRepublic Services Inc$70.90B1.22%
    FDX FedEx CorporationFedEx Corporation$69.95B1.65%
    HON Honeywell International IncHoneywell International Inc$67.00B1.33%
    RELX Relx PLC ADRRelx PLC ADR$66.73B2.43%
    BE Bloom Energy CorpBloom Energy Corp$65.18BN/A
    URI United Rentals IncUnited Rentals Inc$64.09B0.75%
    TDG Transdigm Group IncorporatedTransdigm Group Incorporated$62.98BN/A
    GWW WW Grainger IncWW Grainger Inc$62.68B0.75%
    PCAR PACCAR IncPACCAR Inc$58.33B1.26%
    FAST Fastenal CompanyFastenal Company$57.81B2.06%
    AME Ametek IncAmetek Inc$56.88B0.55%
    HONA Honeywell Aerospace IncHoneywell Aerospace Inc$51.70BN/A
    FIX Comfort Systems USA IncComfort Systems USA Inc$50.65B0.22%
    DAL Delta Air Lines IncDelta Air Lines Inc$49.59B1.10%
    WAB Westinghouse Air Brake Technologies CorpWestinghouse Air Brake Technologies Corp$48.45B0.43%
    TRI Thomson Reuters Corporation Common SharesThomson Reuters Corporation Common Shares$47.23B2.43%
    ROK Rockwell Automation IncRockwell Automation Inc$46.96B1.28%
    LHX L3Harris Technologies IncL3Harris Technologies Inc$46.28B2.08%
    CARR Carrier GlobalĀ CorpCarrier GlobalĀ Corp$45.34B1.75%
    FERG Ferguson PlcFerguson Plc$44.81B1.56%
    HEI Heico CorporationHeico Corporation$43.31B0.08%
    WCN Waste Connections IncWaste Connections Inc$42.24B0.85%
    ODFL Old Dominion Freight Line IncOld Dominion Freight Line Inc$39.04B0.61%
    ESLT Elbit Systems LtdElbit Systems Ltd$35.40B0.51%
    RKLB Rocket Lab USA Inc.Rocket Lab USA Inc.$35.33BN/A
    AXON Axon Enterprise Inc.Axon Enterprise Inc.$33.89BN/A
    HEI-A HEICO CorporationHEICO Corporation$32.33B0.11%
    EME EMCOR Group IncEMCOR Group Inc$31.83B0.22%
    UAL United Airlines Holdings IncUnited Airlines Holdings Inc$31.19BN/A
    IR Ingersoll Rand IncIngersoll Rand Inc$30.18B0.10%
    RYAAY Ryanair Holdings PLC ADRRyanair Holdings PLC ADR$27.21B2.54%
    OTIS Otis Worldwide CorpOtis Worldwide Corp$27.15B2.50%
    DOV Dover CorporationDover Corporation$26.37B1.08%
    EXPD Expeditors International of Washington, Inc.Expeditors International of Washington, Inc.$25.82B0.80%
    CPRT Copart IncCopart Inc$25.82BN/A
    ATI Allegheny Technologies IncorporatedAllegheny Technologies Incorporated$25.27BN/A
    VLTO Veralto CorporationVeralto Corporation$24.63B0.52%
    HUBB Hubbell IncHubbell Inc$24.56B1.22%
    VRSK Verisk Analytics IncVerisk Analytics Inc$24.54B1.07%
    XYL Xylem IncXylem Inc$24.14B1.67%
    SYM Symbotic IncSymbotic Inc$24.07BN/A
    NVT nVent Electric PLCnVent Electric PLC$22.99B0.58%
    GPN Global Payments IncGlobal Payments Inc$22.14B1.19%
    XPO XPO Logistics IncXPO Logistics Inc$21.86BN/A
    JBHT JB Hunt Transport Services IncJB Hunt Transport Services Inc$21.48B0.76%
    LUV Southwest Airlines CompanySouthwest Airlines Company$19.97B1.83%
    WWD Woodward IncWoodward Inc$19.40B0.38%
    CNH CNH Industrial N.V.CNH Industrial N.V.$19.22B0.84%
    SNA Snap-On IncSnap-On Inc$19.00B2.68%
    EFX Equifax IncEquifax Inc$18.94B1.39%
    CRS Carpenter Technology CorporationCarpenter Technology Corporation$18.69B0.21%
    CW Curtiss-Wright CorporationCurtiss-Wright Corporation$18.55B0.21%
    NDSN Nordson CorporationNordson Corporation$17.96B1.14%
    ITT ITT IncITT Inc$17.83B0.77%
    IEX IDEX CorporationIDEX Corporation$17.36B1.24%
    FTAI FTAI Aviation Ltd.FTAI Aviation Ltd.$17.31B1.19%
    CLH Clean Harbors IncClean Harbors Inc$16.90BN/A
    WCC WESCO International IncWESCO International Inc$16.61B0.58%
    J Jacobs Solutions Inc.Jacobs Solutions Inc.$16.51B1.01%
    CHRW CH Robinson Worldwide IncCH Robinson Worldwide Inc$16.27B1.75%
    FDXF FedEx Freight Holding Company, Inc.FedEx Freight Holding Company, Inc.$16.25BN/A
    GFL Gfl Environmental Holdings IncGfl Environmental Holdings Inc$15.83B0.16%
    RBC RBC Bearings IncorporatedRBC Bearings Incorporated$15.78BN/A
    RBA RB Global Inc.RB Global Inc.$15.61B1.51%
    MTZ MasTec IncMasTec Inc$15.34BN/A
    ZTO ZTO Express (Cayman) IncZTO Express (Cayman) Inc$14.97B3.45%
    ULS UL Solutions Inc.UL Solutions Inc.$14.80B0.81%
    ARMK Aramark HoldingsAramark Holdings$14.57B0.87%
    MAS Masco CorporationMasco Corporation$14.37B1.76%
    LECO Lincoln Electric Holdings IncLincoln Electric Holdings Inc$14.29B1.21%
    LTM LATAM Airlines Group S.A.LATAM Airlines Group S.A.$14.20B3.24%

    Showing 100 of 585 companies

    About Industrials

    Industrial companies build aircraft and defense equipment, machinery, electrical equipment and building products, and run airlines, railroads, trucking, shipping and business services.

    Their sales tend to rise and fall with economic growth, business investment and freight volumes.

    Research Industrial Stocks

    • Screen industrial stocks by dividend yield, payout ratio and valuation in the free dividend stock screener. A free account is required, and the View in Research Terminal button above loads every company on this page.
    • Open any company for its full stock analysis, or its dividend page for ex-dividend dates and payment history, such as the CAT dividend history.
    • Chart a company's P/E ratio, price and dividends over time with Advanced Charting, free with a free GNG account.
    • Test a portfolio of industrial stocks or sector ETFs with the free dividend portfolio backtest tool.
    • Project the dividend income from industrial stocks in the Dividend Forecaster (Pro Lite and up).
    • Follow the companies you are researching in a free watchlist.

    Other Stock Sectors

    Median forward dividend yield among each sector's dividend payers, and each sector ETF's total return this year.

    SectorMedian forward yield2026 return
    Real Estate Stocks5.30%+7.0%
    Utility Stocks3.57%+0.9%
    Communication Services Stocks3.49%-5.4%
    Consumer Defensive Stocks3.27%+15.0%
    Energy Stocks3.05%+55.6%
    Financial Sector Stocks2.89%+2.6%
    Consumer Cyclical Stocks2.54%-5.2%
    Industrial Stocks1.48%+9.0%
    Healthcare Stocks1.48%+15.6%
    Basic Materials Stocks1.32%+13.7%
    Technology Stocks1.28%+27.9%

    Frequently Asked Questions

    What are industrial stocks?

    Industrial companies build aircraft and defense equipment, machinery, electrical equipment and building products, and run airlines, railroads, trucking, shipping and business services. GNG Research tracks 585 industrial stocks.

    Which industrial stocks pay the highest dividends?

    Among industrial stocks worth at least $1 billion with forward yields up to 25%, the highest forward dividend yields are BW LPG (BWLP) at 15.54%, ZIM Integrated Shipping Services (ZIM) at 11.92% and Hafnia (HAFN) at 11.40%. 262 industrial stocks on this page pay a dividend, with a median forward yield of 1.48%.

    What are the largest industrial stocks?

    SPCX, Caterpillar (CAT) and GE Aerospace (GE) are the largest industrial stocks by market cap, at $1.96T, $335.91B and $325.62B.

    How has the industrial sector performed?

    State Street Industrial Select Sector SPDR ETF (XLI), used here as the sector proxy, returned +9.0% in 2026 through Oct 16, 2026 and +19.3% in 2025, with dividends reinvested. The S&P 500 (SPY) returned +12.8% and +17.7% over the same periods.

    Which ETFs hold industrial stocks?

    GNG Research covers 3 ETFs that hold industrial stocks: XLI (State Street Industrial Select Sector SPDR ETF, 0.08% expense ratio), VIS (Vanguard Industrials Index Fund ETF Shares, 0.09% expense ratio) and IYJ (iShares U.S. Industrials ETF, 0.38% expense ratio). XLI is the sector proxy for the returns on this page.

    Market data is provided for informational purposes only and is not investment advice. GNG Research's proprietary safety, quality, and valuation scores are available to members on each stock page.

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