Sector Report4 min read
Industrials: 16 A-Grades, Four Total Failures
Two-thirds of industrials earn A-grades. The other third is burning cash or barely staying afloat.
Jul 24, 2026
VRSKUNPODFLITW+15
Aerospace, defense, manufacturing, transportation, and logistics
Sector classifications follow the GICS industry standard.
Companies ranked by free cash flow margin
Health grades across the sector
| # | Symbol | Grade | FCF Margin |
|---|---|---|---|
| 1 | VRSK | A | 37.0% |
| 2 | UNP | A | 22.4% |
| 3 | NSC | B | 17.7% |
| 4 | ODFL | A | 17.1% |
| 5 | ITW | A | 16.4% |
| 6 | PH | A | 16.0% |
| 7 | GE | A | 15.8% |
| 8 | ROK | A | 15.3% |
| 9 | UBER | A | 15.3% |
| 10 | HON | B | 14.0% |
| 11 | EMR | A | 13.3% |
| 12 | ETN | A | 12.9% |
| 13 | TT | A | 12.8% |
| 14 | FAST | A | 12.7% |
| 15 | LYFT | A | 12.6% |
| 16 | CSX | A | 12.1% |
| 17 | CAT | A | 11.0% |
| 18 | PCAR | C | 10.6% |
| 19 | WM | B | 10.5% |
| 20 | LMT | B | 8.8% |
| 21 | NOC | B | 7.6% |
| 22 | RTX | B | 7.2% |
| 23 | GD | A | 7.2% |
| 24 | CMI | B | 7.1% |
| 25 | DE | D | 6.9% |
| 26 | UPS | F | 5.3% |
| 27 | FDX | C | 5.2% |
| 28 | MMM | D | 4.7% |
| 29 | JCI | F | 3.5% |
| 30 | BA | F | -2.6% |
Two-thirds of industrials earn A-grades. The other third is burning cash or barely staying afloat.
Two-thirds of industrials earn A-grades on cash generation. The other third includes Boeing burning $2.6 billion and legacy names stuck below 5%.
Two-thirds of industrials earn A or B grades. Boeing, FedEx, and Johnson Controls sit at the bottom with F-grades.