Manufacturing Rankings

$8.3B revenue FY2024 (-8.8% YoY); Q3 FY2025 $2,144M (+5% YoY recovery); Total ARR +16% FY2024, +7% Q3 FY2025; North America best-performing market; industrial automation leader

PTC Announces Fourth Fiscal Quarter and Full Year 2025 Results PTC reported strong fiscal 2025 results with 8.5% ARR growth and 16% cash flow growth year-over-year. Fourth quarter revenue grew 39% on a constant currency basis, demonstrating strong execution of the company's SaaS transformation strategy.

€6.21B revenue 2024 (+5% YoY); 3DEXPERIENCE revenue +22% Q4 2024; 370K customers all sizes; partnerships: VW, Lockheed Martin, Airbus, BMW, Hyundai; €6-8% revenue growth projected 2025

Dynamics 365 revenue +24% FY24; Business Central 50K+ companies 2025; 75% user growth YoY; Dynamics products +19% FY24 Q4; $17.33B market by 2029 (+11.1% CAGR); manufacturing ERP leader

$1B revenue Q4 FY 2025; 40,000+ companies in 219 countries; +18% YoY growth; 9.3% cloud ERP market share; Oracle #1 ERP vendor $8.7B surpassing SAP; manufacturing ERP leader

$57.4B revenue FY2025 (9% YoY); cloud revenue $6.7B Q4 (27% YoY); OCI consumption +62% YoY; RPO $138B (+41% YoY); signed 30+ AI contracts >$12.5B including OpenAI

Part of Rockwell Automation; 700+ customers globally; Leader 2024-2025 IDC MarketScape MES; 8B+ transactions daily; IoT Breakthrough 2024 Smart Manufacturing; MES ERP leader

Acquired by Koch $13B 2020; 60,000+ customers in 175+ countries; 17,000 employees; Gartner Leader Cloud ERP 2025; IDC Leader MES 2024-2025; 76% improved performance under 1 year CloudSuite; manufacturing ERP leader

$171M funding; $1B valuation; 536% revenue growth 3 years; Leader 2024-2025 IDC MarketScape MES; Deloitte Fast 500 #220; Jabil/Dentsply/Kohler customers; frontline operations leader

$37.7M total funding; 72 employees (+67% YoY); hundreds of manufacturers including TE Connectivity, Saint Gobain, Fastenal; 20%+ efficiency gains; ABI Research #2 OEE ranking 2025; industrial IoT leader

$1.55B TTM revenue Nov 2025; 16% ARR increase June 2024; 77% recurring revenue; 20K+ enterprises in 100+ countries; IDC Leader MES 2024-2025; $9.7B GBP market cap; industrial software leader

$148M funding (Series D 2024 TeamViewer); $21M revenue Nov 2024; 65 employees; Nike/Sony/Nissan/Google customers; NVIDIA/Microsoft partnerships 2024; manufacturing analytics leader

$75M funding Feb 2025; $369M total; $1B+ valuation unicorn; 5x revenue increase; PepsiCo/Nestlé customers; 99.9% failure detection; 310% ROI; predictive maintenance leader

Acquired by MISUMI $350M June 2025; $196M funding (Accel/Bill Gates); 30M+ parts delivered; 3,000+ product companies; 400 employees; 40% faster cycles; digital manufacturing leader

$133M funding; acquired by CAI Sept 2024; 1,000 production sites; 90+ countries; Grupo Bimbo/Shell/Suntory customers; AI analytics 2024; connected worker platform leader

Amcor Completes Historic $8.4B Berry Global Acquisition Amcor completed its all-stock acquisition of Berry Global at a fixed exchange ratio of 7.25 Amcor ordinary shares for each Berry share, creating a combined entity with approximately 70,000 employees, 400 facilities across 140 countries, and $23 billion in anticipated sales revenue. The acquisition, the largest in Amcor's history, establishes the company as the global leader in consumer packaging and dispensing solutions with $650 million of

Cummins Reports Strong Fourth Quarter and Full Year 2024 Results Cummins reported record full year 2024 revenues of $34.1 billion (flat versus 2023), net income of $3.9 billion ($28.37 per diluted share), and EBITDA of $6.3 billion. CEO Jennifer Rumsey noted the company achieved record revenues, net income, EBITDA, and EPS despite a decline in heavy-duty truck demand in North America. Results included gains from the separation of Atmus Filtration Technologies and reorganization charges related t

John Deere Announces Strategic Partnership with SpaceX for Satellite Connectivity John Deere announced a strategic partnership with SpaceX to provide satellite communications service to farmers, addressing critical rural connectivity challenges for precision agriculture technologies. The partnership will enable reliable data transmission for autonomous equipment, precision farming applications, and real-time monitoring in remote agricultural areas where cellular coverage is limited or unavailabl

Honeywell Announces Historic Three-Way Company Split Following Elliott Investment Pressure Honeywell announced plans to separate into three independent publicly traded companies: Honeywell Aerospace ($15 billion revenue), Honeywell Automation ($18 billion revenue), and Advanced Materials ($4 billion revenue). The separations, intended to be completed in the second half of 2026 in a tax-free manner, follow activist investor Elliott Investment Management's $5+ billion stake and advocacy for portfo

Broadridge to Acquire Acolin, Accelerating European Fund Distribution Modernization Broadridge announced an agreement to acquire Acolin, a leading European provider of cross-border fund distribution and regulatory services. The acquisition will create a robust pan-European fund distribution network, facilitating broader and more efficient access to investors and distribution partners across Europe. This strategic move strengthens Broadridge's international presence and capabilities in the rapidl

ADP Launches Unified Global Workforce Management Suite Across HCM Platforms ADP announced the availability of ADP WorkForce Suite, the industry's #1-rated workforce management solution, now integrated within ADP Workforce Now, ADP Lyric HCM, and ADP Global Payroll. Following the 2024 acquisition of WorkForce Software, organizations with 150+ employees now have access to a unified global platform for managing time and attendance, employee scheduling, absence management, and workforce analytics to

Ingersoll Rand Celebrates Record 2024 Sustainability Achievements Ingersoll Rand announced landmark sustainability achievements for 2024, including top 1% ranking in S&P Global Corporate Sustainability Assessment for the third consecutive year, CDP 'A List' status for environmental stewardship, 61% progress toward GHG emissions reduction goals, 38% reduction in water usage, and 74% progress toward zero waste targets. The company's 2024 sustainability report highlighted transformative progress in

Emerson Completes Full Acquisition of AspenTech, Solidifying Industrial Software Leadership Emerson completed acquisition of all outstanding shares of AspenTech not already owned by Emerson, making AspenTech a wholly owned subsidiary. The transaction strengthens Emerson's position as an industrial software leader with high-margin recurring revenue streams and comprehensive asset optimization, process simulation, and advanced process control capabilities across global industrial operations.

Martin Marietta Reports Fourth Quarter and Full-Year 2024 Results with Record Profits Martin Marietta reported full-year 2024 results concluding the year with a return to earnings growth and margin expansion, resulting in record fourth quarter profits. The company sold 191 million tons of aggregates in 2024 despite challenging market conditions including inclement weather, softening construction demand in nonresidential and residential sectors, and tighter monetary policy.

Parker Hannifin to Acquire Filtration Group for $9.25 Billion in Largest-Ever Deal Parker Hannifin announced a definitive agreement to acquire Filtration Group Corporation for $9.25 billion in cash, its largest acquisition to date. Filtration Group expects calendar 2025 sales of $2 billion with 23.5% adjusted EBITDA margin and approximately 85% aftermarket revenue, creating strong recurring income streams. The transaction is expected to close within six to twelve months.

DuPont Reports Strong Fourth Quarter and Full Year 2024 Results; Initiates 2025 Financial Guidance DuPont reported a 7% increase in net sales for Q4 2024, reaching $3.1 billion, with organic sales also rising by 7%. For the full year, net sales rose by 3% to $12.4 billion, with GAAP income of $778 million and adjusted EPS of $4.07. The company initiated 2025 guidance projecting net sales between $12.8-12.9 billion with operating EBITDA ranging from $3.325-3.375 billion.

Air Products Board Appoints Eduardo F. Menezes as CEO Air Products' Board of Directors appointed Eduardo F. Menezes as CEO effective February 7, 2025, succeeding Seifi Ghasemi after 10+ years. The Board also named Wayne T. Smith Chairman and Dennis H. Reilley Vice Chairman. Menezes brings over 30 years of experience from senior roles at Linde and Praxair, most recently as EVP of Linde with responsibility for over 40 countries, $8 billion in sales, and 18,000 employees.

Axon to Acquire Carbyne for $625M to Revolutionize 911 Emergency Response Axon announced a definitive agreement to acquire Carbyne, an emergency communications platform serving 250+ million people worldwide, for $625 million in cash. The acquisition will create Axon 911, integrating cloud-native call routing with AI-driven situational insights to deliver real-time context and clarity for emergency callers, dispatchers, and first responders. Expected to close Q1 2026.

PCA Completes $1.8 Billion Acquisition of Greif's Containerboard Business Packaging Corporation of America completed the acquisition of Greif's containerboard business for $1.8 billion in cash. The transaction adds two containerboard mills with approximately 800,000 tons of production capacity and eight sheet feeder and corrugated plants across the United States. The acquisition is expected to generate approximately $60 million in pre-tax synergies within two years.

Eastman Announces Fourth-Quarter and Full-Year 2024 Financial Results Eastman reported record 2024 revenues of $9.38 billion with earnings per share of $9.50 and adjusted earnings per share of $10.80, up 18% over 2023. The company generated approximately $1.3 billion in operating cash flow and returned $679 million to stockholders through dividends and share repurchases. Segment margins reached a record 24.0%, representing 200 basis points improvement over 2023.

Generac Reports Strong Q4 2024 Results Driven by Hurricane Activity Generac reported fourth quarter and full-year 2024 results with revenue of $4.29 billion, up 6.7% from 2023. The company raised its full-year guidance due to higher than expected power outage activity, including impacts from Hurricane Helene and Hurricane Milton. Power outage hours in the U.S. during 2024 were the highest since tracking began in 2010, driving strong demand for backup generators.

International Paper Completes $7.2 Billion DS Smith Acquisition International Paper completed its acquisition of British packaging company DS Smith, creating a global leader in sustainable packaging solutions with 65,000+ employees serving customers in 30+ countries. The all-share transaction issued approximately 180 million new shares with legacy IP shareholders owning 65.9% and DS Smith shareholders owning 34.1%. Expected synergies are at least $514 million.

Avery Dennison Unveils Industry-First Recyclable RFID Label Avery Dennison announced a groundbreaking achievement: the first radio-frequency identification (RFID) label to receive APR Design for Recyclability recognition from the Association of Plastic Recyclers. This innovation represents a major breakthrough in sustainable packaging technology, enabling brands to combine inventory tracking capabilities with recyclability in PET plastic packaging streams.

Masco Corporation Reports Fourth Quarter and 2024 Year-End Results Masco reported full-year 2024 results with net sales of $8.6 billion and adjusted earnings per share of $4.10 (up 6% from $3.86 in 2023). The company expanded adjusted operating margin by 70 basis points to 17.5% through cost savings initiatives and operational efficiencies. Strong cash flow enabled the company to return $1.0 billion to shareholders through dividends and share repurchases.

Corteva Announces Plan to Separate into Two Industry-Leading Public Companies Corteva announced plans to separate into two independent public companies: 'New Corteva' focused on crop protection including biologicals, and 'SpinCo' dedicated to advanced genetics and emerging technologies. The strategic separation is expected to be completed in the second half of 2026, enabling each company to pursue focused growth strategies in their respective markets.

General Dynamics Reports Record $47.7B Revenue for Full-Year 2024 General Dynamics announced fourth-quarter and full-year 2024 financial results, reporting revenue of $47.7 billion, up 12.88% from 2023. Net income reached $3.78 billion with earnings per share of $13.81. The company maintained a record backlog of $91.5 billion, with strong performance across all business segments including Aerospace, Marine Systems, Combat Systems, and Technologies.

Dow Announces Appointment of Karen S. Carter as Chief Operating Officer Dow announced that Karen S. Carter, currently president of Dow Packaging & Specialty Plastics, has been appointed Chief Operating Officer effective December 3, 2024. Carter will assume strategic oversight of all three business operating segments and brings more than 30 years of leadership experience across business operations, sales and marketing, and human resources.

Eaton Reports Record Fourth Quarter 2024 Results, with Strong Orders and Backlog Growth Eaton announced record 2024 revenues of $24.9 billion with 7% growth, record earnings per share of $9.50, and record adjusted earnings per share of $10.80, up 18% over 2023. The company achieved record segment margins of 24.0%, representing 200 basis points improvement, with strong orders and backlog growth across electrical and aerospace segments.

Otis Reports Strong Q4 and Full Year 2024 Results with Service Growth Driving Profitability Otis reported full year 2024 net sales of $14.3 billion with 1.4% organic growth and adjusted EPS of $3.83, up 8.2%. The maintenance portfolio grew 4.2% to approximately 2.4 million units, while the modernization backlog grew low teens. Q4 service sales increased 7.6%, demonstrating the strength of Otis's high-margin recurring revenue model.

Equifax Delivers Fourth Quarter 2024 Revenue Growth of 7% Despite Weak U.S. Hiring and Mortgage Markets Equifax announced fourth quarter 2024 revenue of $1.419 billion, up 7% on a reported basis and 9% on a local currency basis, with strong U.S. Mortgage revenue up 29%. Full year adjusted EPS attributable to Equifax was $7.29, up 9% compared to 2023, and adjusted EBITDA margin was 35.4% in Q4 compared to 33.7% in Q4 2023.

Dover Announces Retirement of Chief Financial Officer; Names Successor Dover Corporation announced that Brad M. Cerepak, Senior Vice President and Chief Financial Officer, plans to retire effective January 31, 2025, after serving as CFO since May 2011. Christopher B. Woenker, currently CFO of the Engineered Products and Climate & Sustainability Technologies segments, will succeed Cerepak as Senior Vice President and CFO.

RTX Reports Strong 2024 Results and Announces 2025 Outlook RTX reported full-year 2024 sales of $80.7 billion (up 9%), adjusted earnings per share of $5.73 (up 13%), and free cash flow of $6.6 billion. The company announced 2025 guidance of $83-84 billion in sales and $6.00-$6.15 adjusted EPS, reflecting 4-6% organic growth. All three business segments delivered strong performance with a combined backlog of $218 billion.

Loombotic Achieves 99% Yields and 2x Throughput in Automated Wire Harness Manufacturing Loombotic successfully optimized production lines and redesigned workflows using lean manufacturing and Six Sigma methodologies, achieving 99% yields and 2x throughput improvements in wire harness production. The milestones demonstrate the effectiveness of AI-driven robotics in automating traditionally manual manufacturing processes.

PACCAR Reports Second-Best Year in Company History with $33.66 Billion Revenue PACCAR achieved 2024 revenues of $33.66 billion and earnings of $4.16 billion, marking the second-best financial results in company history. The company earned its 86th consecutive year of net income with an after-tax return on revenues of 12.4%. PACCAR Parts set records with $6.67 billion in revenue and $1.71 billion in pretax income.

Northrop Grumman Secures $1.4 Billion in Contracts to Modernize Global Air and Missile Defense Northrop Grumman secured two significant contracts totaling $1.4 billion to advance air and missile defense capabilities for the U.S. Army and Poland using the Integrated Battle Command System (IBCS). The contracts demonstrate continued international demand for Northrop Grumman's advanced battle management technologies.

Paycom Unveils IWant: Industry's First Command-Driven AI Engine Paycom announced IWant, a revolutionary AI engine that allows users to access employee information via voice-to-text or typed commands, providing immediate accurate results from the company's single database. IWant was named a Top HR Product of 2025 by HR Executive magazine, demonstrating Paycom's continued innovation leadership in HCM technology.

Newmont Announces Historic Leadership Transition with First Female CEO Newmont announced that Natascha Viljoen, current President and COO, will succeed Tom Palmer as President and CEO effective January 1, 2026, becoming the first woman to lead the company in its over 100-year history. Palmer, who has served as CEO since 2019 and led transformative acquisitions of Goldcorp and Newcrest, will retire at year-end.