Industrial stocks with the highest free cash flow yield

Ranked

277

of 492 industrial stocks we cover

Median

4.7%

Highest

39.1%

ADT

Range

0.4% to 39.1%

#	Company	FCF yield	PE	Revenue growth (TTM)	Market cap
1	ADTADT, Security & Protection Services	39.1%	9.6×	+2.1%	$5B
2	UPBDUpbound, Rental & Leasing Services	38.6%	11.1×	+5.9%	$995.8M
3	WLFCWillis Lease Finance, Industrial - Distribution	30.6%	9.8×	+17.3%	$824.4M
4	AERTAeries Technology, Consulting Services	28.4%	14.2×	+11.2%	$32.1M
5	PRGPROG, Rental & Leasing Services	26.4%	8.4×	+3.9%	$1.2B
6	HRIHerc, Rental & Leasing Services	25.8%	87.1×	+28.5%	$4.3B
7	DLHCDLH, Staffing & Employment Services	25.3%	n/m	−29.5%	$54.6M
8	ALTGAlta Equipment, Industrial - Distribution	25.2%	n/m	−1.8%	$203.2M
9	SKYWSkywest, Airlines, Airports & Air Services	25.2%	9.2×	+9.1%	$3.6B
10	AMNAMN Healthcare Services, Staffing & Employment Services	23.6%	17.9×	+24.0%	$1.9B
11	WSCWillScot, Rental & Leasing Services	23.1%	n/m	−2.5%	$2.9B
12	MLRMiller Industries, Agricultural - Machinery	19.3%	41.2×	−20.9%	$584.3M
13	ALKAlaska Air, Airlines, Airports & Air Services	19.0%	n/m	+9.8%	$3.8B
14	WGOWinnebago Industries, Aerospace & Defense	17.7%	23.7×	−3.4%	$814.9M
15	TRNTrinity Industries, Railroads	16.8%	6.2×	−18.9%	$2B
16	RMRRMR, Consulting Services	16.5%	n/m	−15.2%	$560.8M
17	SPBSpectrum Brands, Industrial - Machinery	15.9%	24.4×	+0.8%	$1.8B
18	LKQLKQ, Industrial - Distribution	14.2%	9.7×	+0.3%	$4.4B
19	JBIJanus International, Manufacturing - Metal Fabrication	13.6%	18.5×	+0.3%	$607.1M
20	SWBISmith & Wesson Brands, Aerospace & Defense	13.4%	25.4×	+17.0%	$614.8M
21	FGIFGI Industries, Manufacturing - Metal Fabrication	13.2%	n/m	−5.3%	$13.6M
22	AWXAvalon, Waste Management	12.9%	n/m	+9.7%	$9.9M
23	RAILFreightCar America, Railroads	12.9%	n/m	−0.5%	$138.7M
24	FSTRFoster L B, Industrial - Distribution	12.7%	33.5×	+10.1%	$370.2M
25	MHHMastech Digital, Consulting Services	12.5%	37.4×	−11.8%	$76.4M
26	EFOREverforth, Staffing & Employment Services	12.4%	22.5×	−1.0%	$1.8B
27	MHMcGraw Hill, Specialty Business Services	12.0%	29.2×	+0.1%	$2.8B
28	ENSEnerSys, Industrial - Machinery	12.0%	17.8×	+3.7%	$6B
29	BAHBooz Allen Hamilton, Consulting Services	11.8%	12.3×	−7.3%	$9.4B
30	AGXArgan, Engineering & Construction	11.7%	26.2×	+29.0%	$4.6B
31	ICFIICF International, Consulting Services	11.7%	19.5×	−7.9%	$1.7B
32	DFINDonnelley Financial Solutions, Specialty Business Services	11.2%	38.3×	+3.0%	$1.4B
33	LCUTLifetime Brands, Manufacturing - Metal Fabrication	10.7%	5.9×	−1.5%	$193.6M
34	HCKTHackett, Consulting Services	10.2%	18.9×	−9.1%	$305.5M
35	GVAGranite Construction, Engineering & Construction	10.1%	n/m	+21.8%	$4.7B
36	ONTOnterris, Consulting Services	10.0%	n/m	−0.9%	$520.8M
37	NXQuanex Building Products CORP, Manufacturing - Metal Fabrication	9.9%	20.2×	+1.3%	$916.5M
38	MBUUMalibu Boats, Aerospace & Defense	9.9%	315×	+13.3%	$433.5M
39	ENREnergizer, Industrial - Machinery	9.7%	19.1×	+2.2%	$1.5B
40	MIDDMIDDLEBY, Industrial - Machinery	9.7%	n/m	+8.4%	$5.1B
41	BXCBlueLinx, Industrial - Distribution	9.6%	n/m	+2.1%	$603.3M
42	CCKCrown, Manufacturing - Metal Fabrication	9.4%	16.9×	+10.3%	$12.8B
43	NSPInsperity, Staffing & Employment Services	9.3%	n/m	+2.6%	$2.1B
44	FWRDForward Air, Integrated Freight & Logistics	9.3%	n/m	−0.1%	$516.8M
45	FCFranklin Covey, Specialty Business Services	9.1%	110×	−6.1%	$211M
46	LMBLimbach, Engineering & Construction	8.9%	19.0×	+23.7%	$567.3M
47	ITGartner, Specialty Business Services	8.9%	20.7×	+0.7%	$14.5B
48	TGTredegar, Manufacturing - Metal Fabrication	8.9%	7.6×	n/m	$255.4M
49	RCMTRCM Technologies, Staffing & Employment Services	8.7%	16.0×	+11.2%	$263.2M
50	MTWManitowoc, Agricultural - Machinery	8.7%	40.4×	+8.9%	$802M
51	CNHCNH Industrial, Agricultural - Machinery	8.6%	46.0×	+0.6%	$14.2B
52	SWKStanley Black & Decker, Manufacturing - Metal Fabrication	8.6%	24.2×	+0.6%	$15B
53	BCOBrinks, Integrated Freight & Logistics	8.6%	25.7×	+8.1%	$4.6B
54	NWPXNWPX Infrastructure, Manufacturing - Metal Fabrication	8.5%	19.5×	+15.1%	$937.9M
55	BLBDBlue Bird, Agricultural - Machinery	8.4%	7.0×	+13.5%	$1.8B
56	GGenpact LTD, Consulting Services	8.3%	12.1×	+6.5%	$6.9B
57	ULHUniversal Logistics, Trucking	8.3%	n/m	−8.3%	$441.4M
58	LGNLegence, Engineering & Construction	8.3%	n/m	+69.2%	$3.9B
59	FCNFTI Consulting, Consulting Services	8.3%	19.0×	+7.1%	$4.3B
60	SLGNSilgan, Manufacturing - Metal Fabrication	8.3%	15.4×	+8.4%	$4.2B
61	UALUnited Airlines, Airlines, Airports & Air Services	8.0%	9.2×	+8.5%	$31.8B
62	BCBrunswick, Industrial - Machinery	8.0%	n/m	+10.5%	$4.3B
63	URIUnited Rentals, Rental & Leasing Services	7.9%	26.4×	+6.9%	$68.4B
64	CNMCore & Main, Industrial - Distribution	7.9%	17.3×	−0.5%	$8B
65	HAYWHayward, Industrial - Machinery	7.6%	17.1×	+7.8%	$2.7B
66	PNRPENTAIR, Industrial - Machinery	7.6%	13.9×	−2.1%	$8.8B
67	ALGAlamo, Agricultural - Machinery	7.6%	17.5×	+4.1%	$1.8B
68	MYEMyers Industries, Manufacturing - Tools & Accessories	7.6%	33.1×	+2.6%	$1.2B
69	MASMasco, Manufacturing - Metal Fabrication	7.5%	17.4×	−0.6%	$15B
70	ASPNAspen Aerogels, Industrial - Distribution	7.5%	n/m	−49.1%	$458.1M
71	KFYKorn Ferry, Staffing & Employment Services	7.5%	14.8×	+6.9%	$4.3B
72	MGRCMcgrath Rentcorp, Rental & Leasing Services	7.3%	18.9×	−0.9%	$2.9B
73	KBRKBR, Engineering & Construction	7.2%	11.8×	−3.6%	$4.9B
74	TTCToro, Industrial - Machinery	7.1%	28.2×	+5.2%	$10B
75	KALUKaiser Aluminum, Manufacturing - Metal Fabrication	7.1%	8.3×	+40.4%	$1.8B
76	DYDycom Industries, Engineering & Construction	6.9%	20.4×	+37.8%	$6.8B
77	CXTCrane NXT, Industrial - Machinery	6.8%	23.5×	+17.3%	$3.3B
78	GDGeneral Dynamics, Aerospace & Defense	6.8%	21.3×	+9.1%	$94.5B
79	TAYDTaylor Devices, Industrial - Machinery	6.7%	n/m	−12.5%	$180.9M
80	AYIAcuity Inc. (de), Industrial - Machinery	6.7%	21.1×	+10.5%	$9.5B
81	PCARPACCAR, Industrial - Machinery	6.6%	22.5×	−10.6%	$56.3B
82	ARCBArcbest, Trucking	6.6%	184×	+3.7%	$2.8B
83	RGRSturm Ruger, Aerospace & Defense	6.5%	60.6×	+7.6%	$726.5M
84	GTESGates Industrial, Industrial - Machinery	6.4%	17.8×	+3.3%	$6.3B
85	PSIXPower Solutions International, Industrial - Machinery	6.4%	15.5×	+13.2%	$1.1B
86	ACUAcme United, Manufacturing - Metal Fabrication	6.4%	26.7×	+9.0%	$243.4M
87	UPSUnited Parcel Service, Integrated Freight & Logistics	6.3%	18.7×	−0.4%	$86B
88	JOBGEE, Staffing & Employment Services	6.3%	n/m	−16.9%	$22.4M
89	ALGTAllegiant Travel CO, Airlines, Airports & Air Services	6.3%	47.0×	+12.2%	$1.8B
90	SWIMLatham, Manufacturing - Tools & Accessories	6.3%	133×	+10.5%	$781.8M
91	SSDSimpson Manufacturing, Manufacturing - Metal Fabrication	6.2%	20.1×	+6.5%	$7.6B
92	EPACEnerpac Tool, Industrial - Machinery	6.1%	20.2×	+4.3%	$1.8B
93	ALHAlliance Laundry, Industrial - Machinery	6.1%	23.4×	+9.9%	$4.2B
94	SNASnap-on, Manufacturing - Tools & Accessories	6.0%	18.2×	+4.0%	$18.5B
95	OTISOtis Worldwide, Industrial - Machinery	6.0%	19.3×	+5.2%	$28.6B
96	LHXL3Harris Technologies, Aerospace & Defense	5.9%	25.6×	n/m	$47.3B
97	HONHoneywell International, Conglomerates	5.9%	8.6×	+5.0%	$70.1B
98	SNDRSchneider National, Trucking	5.9%	47.4×	+6.2%	$5.3B
99	GFFGriffon, Manufacturing - Metal Fabrication	5.8%	24.8×	+2.1%	$4.4B
100	PPIHPerma-Pipe International, Industrial - Machinery	5.8%	15.1×	+24.8%	$234.6M

The first 100 of 277.

Not ranked: 127 with no positive free cash flow, 27 with not a meaningful number, 5 with a yield above 40% (usually a one-off). 54 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.