Metal fabrication

7 companies · $31.8B combined revenue · $6.8B operating profit

The typical US-listed metal fabrication company grew revenue 8.3% and earnings 24.1% in its latest year, at a 18.2% operating margin, and 3 of 7 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.

8.3%Median revenue growth
24.1%Median earnings growth
7.2%Median revenue growth, 3 yrs
3.9%Median earnings growth, 3 yrs
18.2%Median operating margin
13.4%Median ROCE

Growth engines: the 4 Cylinders

All four working: 0% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more14%
  • Operating leverage · Operating income growing faster than a growing revenue71%
  • Margin expansion · Operating margin up 1 point or more71%
  • Debt reduction · Debt down 5% or more, or net cash43%

Combined revenue · 7 companies reporting in US dollars

Revenue
$0$10B$20B$30B$40BFY21FY22FY23FY24FY25

Combined operating margin

Operating margin
0%10%20%30%FY21FY22FY23FY24FY25

All 7 companies

Median–8.3%24.1%18.2%13.4%0.46x
PHParker-Hannifin$21.5B8.3%▲3.3%▼23.6%▲20.5%▲0.53x▼
CRCrane$2.3B8.2%▼24.4%▲18.4%▲12.5%▼0.56x▼
WTSWatts Water Technologies$2.4B8.3%17%▼18.4%▲18.9%▲0.10x▲
AZZAZZ$1.7B4.6%▼146%▲16%▼13.4%0.36x▲
MWAMueller Water Products$1.4B8.7%▲65.4%▲18.2%16.8%▲0.46x
CXTCrane NXT$1.7B11.4%▲-21.2%▼14.9%▼9.7%▼0.91x▼
HLIOHelios Technologies$839M4.1%▼24.1%7.9%▼4.8%▼0.28x▲

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).