In this article we are going to list the 5 largest industrial companies in the US. For a detailed coverage of this topic and a more comprehensive look please consider heading over to the 15 largest industrial companies in the US.
5. Emerson Electric (NYSE:EMR)
Total revenue of the company in 2019 (in millions of dollars): 18,372
Total profit of the company in 2019 (in millions of dollars): 2,306
Total assets of the company in 2019 (in millions of dollars): 20,497
Market value as of March 31, 2020 (in millions of dollars): 29,154
Total employees of the company in 2019: 88,000
The company is responsible for the manufacture of products in several industries and maintains at least 205 production facilities across the world.
4. General Electric (NYSE:GE)
Total revenue of the company in 2019 (in millions of dollars): 95,214
Total profit of the company in 2019 (in millions of dollars): -4,979
Total assets of the company in 2019 (in millions of dollars): 266,048
Market value as of March 31, 2020 (in millions of dollars): 69,406
Total employees of the company in 2019: 205,000
It would have been the number one company in our list but unfortunately General Electric had gigantic losses which pushed it down our list. Just a decade ago, it was among the most profitable companies in the US but has underperformed majorly since and has become one of the biggest loss making companies in the world.
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3. Deere (NYSE:DE)
Total revenue of the company in 2019 (in millions of dollars): 39,258
Total profit of the company in 2019 (in millions of dollars): 3,253
Total assets of the company in 2019 (in millions of dollars): 73,011
Market value as of March 31, 2020 (in millions of dollars): 43,330
Total employees of the company in 2019: 73,489
Deere is synonymous with the agribusiness industry in the United States, as it is engaged in providing machinery for construction, agriculture and forestry in addition to drivetrains, diesel engines and other heavy equipment. It is also among the oldest companies in our list of the biggest industrial companies in the US, having been founded 184 years ago in 1837.
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2. Honeywell International (NYSE:HON)
Total revenue of the company in 2019 (in millions of dollars): 36,709
Total profit of the company in 2019 (in millions of dollars): 6,143
Total assets of the company in 2019 (in millions of dollars): 58,679
Market value as of March 31, 2020 (in millions of dollars): 94,628
Total employees of the company in 2019: 113,000
Honeywell is involved in various industries which include building technologies, performance materials and technology, safety and productivity solutions and the aerospace industry. Of the 113,000 employees of the company, approximately 44,000 are from the United States, and may be more famous to many of our readers due to the home automation products that it makes for the average person as well. As an avid fan of smart homes, I was well acquainted with Honeywell’s end consumer products only to find out that the company is actually a huge industrial company.
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1. Caterpillar (NYSE:CAT)
Total revenue of the company in 2019 (in millions of dollars): 53,800
Total profit of the company in 2019 (in millions of dollars): 6,093
Total assets of the company in 2019 (in millions of dollars): 78,453
Market value as of March 31, 2020 (in millions of dollars): 63,832
Total employees of the company in 2019: 102,300
Topping the list of the 15 biggest industrial companies in the US is Caterpillar, which is also responsible for producing one of the biggest vehicles in the world. The company is famous across the world and is responsible for designing, developing, manufacturing and selling engines and machinery in addition to financial products to its customers. It is mostly known for the heavy equipment that it produces which is essential in the construction industry and is also involved in the defense industry in the UK.
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