83companies in Industrials
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Compare companies, side by side

The same facts from the filings for each company in a group, where each stands among the others, and what each wrote about a topic in its latest 10-K.

Group median · 83 companies
Sales growth
+4.8%
Gross margin
38%
Operating margin
18%
Net margin
13%
Where each stands

The 3 largest, ranked among the group

Each corner is the share of Industrials companies the company is above on that ratio. The dashed line is the middle of the group. A rank, not a score.

FDX FedEx
Revenue $98.5B, last twelve months
Year by year
Revenue growth: 7.7%, above 67% of 81 peers (their median 4.6%) REVENUE GROWTH 7.7% · above 67% Operating margin: 6.0%, above 10% of 71 peers (their median 17.5%) OPERATING MARGIN 6.0% · above 10% Net margin: 8.8%, above 31% of 81 peers (their median 13.0%) NET MARGIN 8.8% · above 31% FCF margin: 5.0%, above 14% of 78 peers (their median 13.3%) FCF MARGIN 5.0% · above 14% Return on capital: 7.8%, above 20% of 65 peers (their median 14.2%) RETURN ON CAPITAL 7.8% · above 20%
Sales growth
+7.7%
Operating margin
6.0%
FCF margin
5.0%

16 paragraphs of its Risk Factors mention Climate, against 14 the year before.

RTX RTX Corporation
Revenue $96.0B, last twelve months
Year by year
Revenue growth: 9.7%, above 79% of 81 peers (their median 4.6%) REVENUE GROWTH 9.7% · above 79% Operating margin: 11.8%, above 32% of 71 peers (their median 17.5%) OPERATING MARGIN 11.8% · above 32% Net margin: 8.8%, above 30% of 81 peers (their median 13.0%) NET MARGIN 8.8% · above 30% FCF margin: 9.9%, above 28% of 78 peers (their median 13.3%) FCF MARGIN 9.9% · above 28% Return on capital: 7.1%, above 14% of 65 peers (their median 14.2%) RETURN ON CAPITAL 7.1% · above 14%
Sales growth
+9.7%
Operating margin
12%
FCF margin
9.9%

5 paragraphs of its Risk Factors mention Climate, against 6 the year before.

BA Boeing
Revenue $94.9B, last twelve months
Year by year
Revenue growth: 34.5%, above 99% of 81 peers (their median 4.6%) REVENUE GROWTH 34.5% · above 99% Operating margin: 10.3%, above 23% of 71 peers (their median 17.5%) OPERATING MARGIN 10.3% · above 23% Net margin: 8.1%, above 26% of 81 peers (their median 13.0%) NET MARGIN 8.1% · above 26% FCF margin: 0.0%, above 3% of 78 peers (their median 13.3%) FCF MARGIN 0.0% · above 3% Return on capital: 6.4%, above 9% of 65 peers (their median 14.2%) RETURN ON CAPITAL 6.4% · above 9%
Sales growth
+34%
Operating margin
10%
FCF margin
0.0%

5 paragraphs of its Risk Factors mention Climate, against 5 the year before.

From the filings

Industrials: the same facts for each company

Showing 12 of 83, largest revenue first
Company Revenue, 12 months Sales growth Gross / operating margin Net margin Debt / equity Accounting items Insider buys Investors Open
FDX FedEx
$98.5B
+7.7%
GM -OM 6.0%
8.8% 0.56 0 of 5to read 0 0 10-K
RTX RTX Corporation
$96.0B
+9.7%
GM -OM 12%
8.8% 0.54 1 of 6to read 0 0 10-K
BA Boeing
$94.9B
+34%
GM -OM 10%
8.1% 7.66 2 of 5to read 2 0 10-K
UPS United Parcel Service
$91.4B
-2.6%
GM -OM 7.1%
4.8% 1.74 0 of 6to read 0 0 10-K
LMT Lockheed Martin
$79.1B
+5.6%
GM 12%OM 12%
8.2% 2.04 2 of 6to read 0 0 10-K
CAT Caterpillar Inc.
$77.8B
+4.3%
GM 92%OM 18%
15% 1.69 1 of 6to read 1 0 10-K
DAL Delta Air Lines
$71.8B
+2.8%
GM -OM 7.4%
4.6% 0.54 0 of 5to read 0 0 10-K
UAL United Airlines Holdings
$65.6B
+3.5%
GM -OM 7.5%
5.5% 1.49 0 of 5to read 0 0 10-K
UBER Uber
$56.5B
+18%
GM -OM 12%
6.1% 0.57 0 of 5to read 3 0 10-K
GD General Dynamics
$56.5B
+10%
GM -OM 10%
8.2% 0.26 0 of 6to read 0 0 10-K
GE GE Aerospace
$52.6B
+18%
GM -OM -
17% 1.00 1 of 6to read 0 0 10-K
DE Deere & Company
$48.0B
-12%
GM -OM -
10% 0.61 1 of 6to read 0 0 10-K
Sales growth is the last fiscal year against the one before; margins are over the last twelve months. Where each comes from

How to read this page

  • A radar shows where a company ranks among its group on six ratios. A corner at the edge means it is above every other company on that ratio.
  • A table row lists the facts as the filings give them: revenue, growth, margins, debt to equity, the accounting checks, insider buying and followed investors holding.
  • A bubble to the right grew faster, and one higher up kept more of its sales as free cash flow.
  • A bar is paragraphs that mention the topic this year, and the mark on it is last year.

Risk Factors and XBRL figures from each company's latest 10-K, read nightly from SEC EDGAR. Nothing here is a rating.

By topic · 10-K Item 1A

Climate: paragraphs that mention it

CARR 66 vs 29 LII 38 vs 31 DOV 31 vs 34 RSG 19 vs 18 WM 19 vs 23 PWR 18 vs 21 FDX 16 vs 14 LUV 16 vs 23 UAL 15 vs 15 CMI 14 vs 15 J 13 vs 19 TT 12 vs 11 SNA 11 vs 14 XYL 11 vs 22 BE 10 vs 20
All 110 companies
LDOS 10 vs 10 UPS 10 vs 10 DE 9 vs 10 EME 9 vs 9 FDXF 9 OTIS 9 vs 9 EMR 8 vs 12 GEV 8 vs 21 IEX 8 vs 7 JCI 8 vs 9 DAL 7 vs 8 FIX 7 vs 6 FTV 7 vs 6 HON 7 vs 8 PCAR 7 vs 9 PNR 7 vs 6 VRSK 7 vs 10 ALLE 6 vs 6 GD 6 vs 6 GE 6 vs 8 GWW 6 vs 7 MAS 6 vs 6 SWK 6 vs 7 URI 6 vs 6 AOS 5 vs 5 BA 5 vs 5 CHRW 5 vs 3 EXPD 5 vs 5 LMT 5 vs 7 NDSN 5 vs 5 PH 5 vs 6 ROK 5 vs 6 ROL 5 vs 5 RTX 5 vs 6 TDG 5 vs 6 UNP 5 vs 5 WAB 5 vs 5 GNRC 4 vs 5 HWM 4 vs 4 MMM 4 vs 3 TXT 4 vs 4 UBER 4 vs 7 VLTO 4 vs 4 CSX 3 vs 3 FERG 3 vs 5 JBHT 3 vs 3 NSC 3 vs 5 ODFL 3 vs 3 VRT 3 vs 2 AXON 2 vs 6 CAT 2 vs 2 CPRT 2 vs 2 EFX 2 vs 2 ITW 2 vs 2 LHX 2 vs 6 NOC 2 vs 6 PAYX 2 vs 2 ADP 1 vs 1 AME 1 vs 1 DD 1 vs 10 ETN 1 vs 3 FAST 1 vs 1 HUBB 1 vs 1 IR 1 vs 1 AAL 0 vs 0 AAON 0 vs 0 ABM 0 vs 0 ACHR 0 vs 0 ACLS 0 vs 0 ACM 0 vs 0 ADT 0 vs 0 AGCO 0 vs 0 AGX 0 vs 0 AIR 0 vs 0 AIT 0 vs 0 ALG 0 vs 0 ALIT 0 vs 0 ALK 0 vs 0 AMSC 0 vs 0 AMTM 0 vs 0 APG 0 vs 0 ARCB 0 vs 0 ARW 0 vs 0 ASH 0 vs 0 AVAV 0 vs 0 AVT 0 vs 0 AZZ 0 vs 0 BAH 0 vs 0 BC 0 vs 0 BCC 0 vs 0 BCO 0 vs 0 BR 0 vs 0 BWXT 0 vs 0 CTAS 0 vs 0 HII 0 vs 3

Risk Factors paragraphs in each company's latest 10-K, most mentions first. The bar is this year and the mark is last year. 148 companies have no 10-K downloaded yet.

In their words

What the companies wrote

The paragraphs as filed, each linked to its filing on sec.gov

DOV DOVER Corp

31 paragraphs

changes relating to climate change related policies, they could lose customers to competitors. If our businesses do not compete effectively, we may experience lower revenue, operating profits and cash flows.

Item 1A, Risk Factors, 10-K Feb 13, 2026

• Our Climate & Sustainability Technologies segment is a provider of innovative and energy-efficient equipment, components, solutions, services and parts for the commercial refrigeration, heating and cooling and beverage can-making equipment end-markets.

Item 7, MD&A, 10-K Feb 13, 2026

RSG REPUBLIC SERVICES, INC.

19 paragraphs

Efforts to curtail the emission of greenhouse gases and to ameliorate the effects of climate change continue to progress. Our landfill operations emit anthropogenic methane, identified as a greenhouse gas, and our vehicle fleet emits, among other things, carbon dioxide …

Item 1A, Risk Factors, 10-K Feb 18, 2026

• severe weather conditions, including those brought about by climate change, which could impair our financial results by causing increased costs, loss of revenue, reduced operational efficiency or disruptions to our operations;

Item 1A, Risk Factors, 10-K Feb 18, 2026

WM WASTE MANAGEMENT INC

19 paragraphs

The impact of climate change, and the adoption of climate change legislation or regulations restricting emissions of GHGs, could increase our costs to operate.

Item 1A, Risk Factors, 10-K Feb 9, 2026

Meanwhile, a number of legislative and regulatory efforts at the state, provincial, regional and federal levels and internationally aim to cap and/or curtail the emission of GHGs to ameliorate the effect of climate change, and otherwise to promote adaptation …

Item 1A, Risk Factors, 10-K Feb 9, 2026
Show all 110 companies' quotes

FDX FEDEX CORP

16 paragraphs

… Additionally, we could be subject to climate litigation or regulatory enforcement actions, as groups, individuals, and governmental authorities affected by climate change seek to recover climate-related damages from entities they perceive as being partially responsible for human-induced climate …

Item 1A, Risk Factors, 10-K Jul 20, 2026

We may be affected by global climate change or by legal, regulatory, or market responses to such change. Concern over climate change, including the effect of global warming, has led to significant U.S. and international governmental efforts to limit …

Item 1A, Risk Factors, 10-K Jul 20, 2026

LUV SOUTHWEST AIRLINES CO

16 paragraphs

The Company is subject to various environmental requirements and risks, including increased regulation, changing consumer preferences, physical, environmental, and climate risks, and risks associated with climate change; the cost of compliance with more stringent environmental regulations, failure to comply with environmental regulations, or failure to otherwise manage the risks of climate change effectively could have a material adverse effect on the Company’s results of operations.

Item 1A, Risk Factors, 10-K Feb 5, 2026

• changes to environmental regulations, including mandates affecting the usage of SAF and enhanced emissions and climate reporting obligations;

Item 1A, Risk Factors, 10-K Feb 5, 2026

UAL United Airlines Holdings, Inc.

15 paragraphs

There can be no assurance of the extent to which any of our climate goals will be achieved or that any current or future investments that we make in furtherance of achieving our climate goals will produce the expected results …

Item 1A, Risk Factors, 10-K Feb 12, 2026

As we seek to mitigate our business risks associated with climate change by establishing robust environmental programs, the Company has incurred costs and substantial operational disruptions as a result of both its physical risks (such as extreme weather conditions or …

Item 1A, Risk Factors, 10-K Feb 12, 2026

CMI CUMMINS INC

14 paragraphs

We may be adversely impacted by the effects of climate change and may incur increased costs and experience other impacts due to new or more stringent climate change regulations, accords, mitigation efforts, GHG regulations or other legislation designed to address climate change.

Item 1A, Risk Factors, 10-K Feb 10, 2026

Evolving environmental and climate change legislation and regulatory initiatives may adversely impact our operations, could impact the competitive landscape within our markets and could negatively affect demand for our products.

Item 1A, Risk Factors, 10-K Feb 10, 2026

J JACOBS SOLUTIONS INC.

13 paragraphs

• Changing and evolving values and perceptions regarding climate change and sustainability, including any perceived shortcomings in our climate- or sustainability-related practices or policies;

Item 1A, Risk Factors, 10-K Nov 20, 2025

Governmental policies designed to address the effects of climate change, or inversely, eliminating the focus on the effects of climate change, could increase the costs of projects for our clients or eliminate some or all government funding for a project …

Item 1A, Risk Factors, 10-K Nov 20, 2025

TT Trane Technologies plc

12 paragraphs

Global climate change and related regulations could negatively affect our business.

Item 1A, Risk Factors, 10-K Feb 5, 2026

Trane Technologies plc is a global climate innovator. We bring sustainable and efficient solutions to buildings, homes and transportation through our strategic brands, Trane® and Thermo King®, and our environmentally responsible portfolio of products, services and connected intelligent controls.

Item 7, MD&A, 10-K Feb 5, 2026

SNA Snap-on Inc

11 paragraphs

Our foreign operations are also subject to other risks and challenges, such as the need to staff and manage diverse workforces, respond to the needs of multiple national and international marketplaces, and differing business climates and cultures in various countries.

Item 1A, Risk Factors, 10-K Feb 12, 2026

In recent years there has been increased public awareness on environmental and sustainability issues, which has resulted in additional and/or more restrictive regulations, disclosure requirements and industry or third-party requirements and standards globally to reduce or mitigate climate change as well as other environmental or sustainability risks. Snap-on is monitoring developments in this area.

Item 7, MD&A, 10-K Feb 12, 2026

XYL Xylem Inc.

11 paragraphs

Weather conditions, including the effects of changing climate patterns and related governmental or regulatory efforts to mitigate such effects, may cause volatility in our served markets and demand for our products.

Item 1A, Risk Factors, 10-K Feb 25, 2026

… In 2024, a physical risk analysis of our facilities using the Task Force on Climate Related Financial Disclosures framework indicated that our exposure to certain reviewed physical hazards (e.g. drought, wildfire, temperature extremes, water stress, etc.) is expected to …

Item 1A, Risk Factors, 10-K Feb 25, 2026

BE Bloom Energy Corp

10 paragraphs

• natural disasters (including as a result of climate change), acts of war or terrorism, regional conflicts, and public health emergencies; and

10-K, 10-K Feb 9, 2026

• other events or factors including those resulting from war, natural disasters (including as result of climate change), incidents of terrorism or responses to these events.

10-K, 10-K Feb 9, 2026

LDOS Leidos Holdings, Inc.

10 paragraphs

In addition, our reputation and customer relationships may be negatively impacted as a result of our practices and policies, actual or perceived, related to climate change, including our involvement, or our customers’ involvement, in certain industries or projects associated with causing or exacerbating climate change, as well as any decisions we make to continue to conduct or change our activities in response to considerations relating to climate change.

Item 1A, Risk Factors, 10-K Feb 17, 2026

There are also concerns over the risks of climate change and related environmental sustainability matters. In addition to physical risks, climate change risks include longer-term shifts in climate patterns, such as extreme heat, rising sea levels, and more frequent …

Item 1A, Risk Factors, 10-K Feb 17, 2026

UPS UNITED PARCEL SERVICE INC

10 paragraphs

Regulations related to climate change, including reporting obligations, could materially increase our operating costs.

Item 1A, Risk Factors, 10-K Feb 17, 2026

… all, that the severity of and or the pace of negative climate-related effects will not accelerate faster than expected, or that proposed regulation or deregulation related to climate change will not have a negative competitive impact, any one of …

Item 1A, Risk Factors, 10-K Feb 17, 2026

DE DEERE & CO

9 paragraphs

… Further, our financial services segment is subject to additional international and national regulations relating to climate and environmental risk, which are continually evolving and could affect the financing operations and climate-risk processes developed by the segment.

Item 1A, Risk Factors, 10-K Dec 18, 2025

Governmental actions designed to address climate change based on the emergence of new technologies and business models in connection with the transition to a lower-carbon economy could adversely affect John Deere and our customers.

Item 1A, Risk Factors, 10-K Dec 18, 2025

EME EMCOR Group, Inc.

9 paragraphs

In addition, in March 2024, the SEC finalized new rules that would require significant climate-related disclosures by public companies, including evaluation and disclosure of material climate-related risks and opportunities, GHG emissions inventory, climate-related targets and goals, and …

Item 1A, Risk Factors, 10-K Feb 26, 2026

We may be affected by market or regulatory responses to climate change. Public concern about climate change has, at times, resulted in the increased focus of local, state, regional, national, and international regulatory bodies on greenhouse gas (“GHG”) emissions and …

Item 1A, Risk Factors, 10-K Feb 26, 2026

FDXF FedEx Freight Holding Company, Inc.

9 paragraphs

• global climate change, environmental regulation, and sustainability expectations, including increased costs, regulatory uncertainty, and potential litigation or reputational harm; and

Item 1A, Risk Factors, 10-K Aug 5, 2026

entities they perceive as being partially responsible for climate change. To the extent we are subject to such activism, it may require us to incur costs or otherwise adversely affect our reputation.

Item 1A, Risk Factors, 10-K Aug 5, 2026

OTIS Otis Worldwide Corp

9 paragraphs

There have been no, and we do not expect there to be in the near term, material impacts on our business, financial condition or results of operations as a result of compliance with legislation or regulatory rules regarding climate change …

Item 7, MD&A, 10-K Feb 5, 2026

For a discussion of Otis’ climate near-term science-based targets, see the discussion under "Sustainability and Responsibility" in Item 1 in this Form 10-K.

Item 7, MD&A, 10-K Feb 5, 2026

EMR EMERSON ELECTRIC CO

8 paragraphs

… and related cost considerations, the levels of economic growth in different markets around the world and the adoption of climate change-related policies such as carbon taxes, greenhouse gas emission reductions, incentives or mandates for particular types of energy, or …

Item 1A, Risk Factors, 10-K Nov 9, 2026

• On May 31, 2023, the Company completed the sale of a majority stake in its Climate Technologies business to private equity funds managed by Blackstone. As part of this transaction, Emerson retained a 40 percent non-controlling common equity interest …

Item 7, MD&A, 10-K Nov 9, 2026

IEX IDEX CORP /DE/

8 paragraphs

The physical risks of climate change are highly uncertain and differ in the geographic regions in which the Company and, in particular, its suppliers and customers operate. These physical risks, including wildfires, rising sea levels, floods and other extreme weather …

Item 1A, Risk Factors, 10-K Feb 19, 2026

Uncertainty Related to Environmental Regulation, Industry Standards, or Other Risks Associated with a Potential Global Transition to a Lower-Carbon Economy, as well as Physical Risks of Climate Change, Could Adversely Impact the Company’s Results of Operations and Financial Position.

Item 1A, Risk Factors, 10-K Feb 19, 2026

JCI Johnson Controls International plc

8 paragraphs

Global climate change and related regulations could negatively affect our business.

Item 1A, Risk Factors, 10-K Nov 14, 2025

The effects of climate change create financial and operational risks to our business. For example, the effects of climate change could impact the availability and cost of materials needed for manufacturing, exacerbate existing risks to our supply chain and increase …

Item 1A, Risk Factors, 10-K Nov 14, 2025

DAL DELTA AIR LINES, INC.

7 paragraphs

The airline industry is subject to many forms of environmental regulation, including but not limited to regulation of hazardous substances, increased regulation to reduce emissions and other risks associated with climate change. The cost of compliance with more stringent environmental regulations, failure to comply with existing or future regulations or failure to otherwise manage the risks of climate change effectively could have a material adverse effect on our business.

Item 1A, Risk Factors, 10-K Feb 11, 2026

… Certain airports have also adopted, and others could in the future adopt, greenhouse gas emission or climate-related goals and requirements that could impact our operations or require us to make changes or investments in our infrastructure. We are monitoring …

Item 1A, Risk Factors, 10-K Feb 11, 2026

FIX COMFORT SYSTEMS USA INC

7 paragraphs

Climate change may create physical and financial risk to our business. Physical risks from climate change could, among other things, include an increase in extreme weather events (such as wildfires, floods and hurricanes), rising sea levels and limitations on water availability and quality. Such extreme weather conditions may limit the availability of resources, increasing the costs of our projects, or may cause projects to be delayed or cancelled.

Item 1A, Risk Factors, 10-K Feb 19, 2026

Evolving legislation, foreign and domestic policy, regulation or other restrictions related to climate change could negatively impact our operations or our customers’ operations. Diverging concerns about climate change and other environmental issues may result in varying environmental regulations and restrictions …

Item 1A, Risk Factors, 10-K Feb 19, 2026

HON HONEYWELL INTERNATIONAL INC

7 paragraphs

The effects of climate change could create financial risks to our business. For example, the effects of physical impacts of climate change could disrupt our operations by impacting the availability and cost of materials needed for manufacturing, exacerbate existing risks …

Item 1A, Risk Factors, 10-K Feb 17, 2026

Global climate change and related regulations and changes in customer demand could negatively affect our operations and our business.

Item 1A, Risk Factors, 10-K Feb 17, 2026

PCAR PACCAR INC

7 paragraphs

The Company continually monitors developments in emissions and climate change-related laws and regulations in the markets in which the Company conducts business, and expects that climate change-related laws, regulations, and international accords will continue to evolve. PACCAR cannot …

Item 1A, Risk Factors, 10-K Feb 18, 2026

Transition Risks Related to Climate Change. The Company has ongoing product development programs intended to address changing customer demand in the context of climate change and achieve its targeted reductions in emissions. These involve the continuing development of compliant clean …

Item 1A, Risk Factors, 10-K Feb 18, 2026

PNR PENTAIR plc

7 paragraphs

We are exposed to certain regulatory, financial and other risks related to climate change and other sustainability matters.

Item 1A, Risk Factors, 10-K Feb 24, 2026

Climate change continues to receive attention worldwide. Many scientists, legislators and others attribute global warming to increased levels of greenhouse gases, which has led to significant legislative and regulatory efforts to limit greenhouse gas emissions. The U.S. Environmental Protection Agency (“EPA”) has published findings that emissions of carbon dioxide,

Item 1A, Risk Factors, 10-K Feb 24, 2026

VRSK Verisk Analytics, Inc.

7 paragraphs

Physical and transition risks associated with climate change and its consequences could disrupt operations, threaten the safety of employees, or negatively impact our financial performance.

Item 1A, Risk Factors, 10-K Feb 18, 2026

While we seek to be a strategic partner to the global insurance industry in analyzing risks related to climate change and building resilience, we recognize that there are inherent risks wherever business is conducted. Climate-related events and its associated …

Item 1A, Risk Factors, 10-K Feb 18, 2026

ALLE Allegion plc

6 paragraphs

Many governmental and other regulatory bodies worldwide are enacting regulations to mitigate the impacts of climate change. If we or others in our supply chain are required to comply with these laws and regulations, or if we choose to take …

Item 1A, Risk Factors, 10-K Feb 17, 2026

The effects of global climate change or other unexpected events, including global health crises, may disrupt our operations and have a negative impact on our business.

Item 1A, Risk Factors, 10-K Feb 17, 2026

GD GENERAL DYNAMICS CORP

6 paragraphs

Global climate change could negatively affect our business. Increased public awareness and concern regarding global climate change may result in state, federal or international requirements to reduce or mitigate global warming, such as the imposition of carbon pricing mechanisms, stricter …

Item 1A, Risk Factors, 10-K Jan 30, 2026

Further, while we continuously evaluate and seek opportunities to improve our climate-related measures, there can be no assurance that changes in customer demand patterns and competition, as well as potential reputational risks, related to climate change will not adversely affect our business, results of operations and financial condition.

Item 1A, Risk Factors, 10-K Jan 30, 2026

GE GENERAL ELECTRIC CO

6 paragraphs

Climate and environmental factors - Our business and financial performance may be adversely affected by climate and environmental factors, including changes in regulations, customer demand, technologies and extreme weather. Environmental and climate-related laws or regulations, including regulations on greenhouse gas …

Item 1A, Risk Factors, 10-K Jan 29, 2026

… and services and the success of our investments in technology and innovation; impacts of government spending, programs and contracts; climate and environmental factors; the GE spin-offs; capital allocation decisions; acquisitions, dispositions, joint ventures and other inorganic investments; intellectual property …

Item 1A, Risk Factors, 10-K Jan 29, 2026

GWW W.W. GRAINGER, INC.

6 paragraphs

… For example, climate-related regulations on transportation emissions could increase fuel costs, thereby impacting the cost of product distribution. Fluctuations in the price of fuel or increased demand for freight services could affect transportation costs. Grainger’s ability to pass …

Item 1A, Risk Factors, 10-K Feb 19, 2026

… one or more natural or weather-related disasters, including earthquakes, tsunamis, storms, hurricanes, floods, fires, droughts, tornados and other extreme weather events or conditions; longer-term climate shifts that affect transportation infrastructure or material availability; pandemic diseases or viral contagions …

Item 1A, Risk Factors, 10-K Feb 19, 2026

MAS MASCO CORP /DE/

6 paragraphs

Extreme weather events and changes in climate could adversely impact our results of operations and financial position.

Item 1A, Risk Factors, 10-K Feb 10, 2026

… In addition, water is a significant component of our architectural coatings products and may be subject to shortages and restrictions on supply in certain regions, due to climate-related and other influences. These factors could adversely impact our results of …

Item 1A, Risk Factors, 10-K Feb 10, 2026

SWK STANLEY BLACK & DECKER, INC.

6 paragraphs

Changing legislation, regulations, and market trends in response to climate change and other environmental-related concerns may adversely affect the Company's business.

Item 1A, Risk Factors, 10-K Feb 24, 2026

… floods, fires, droughts, water scarcity, and other adverse weather or environmental conditions (each of which may be worsened by climate change), power outages, energy shortages, explosions, terrorism or other geopolitical tensions, equipment failures, sabotage, cybersecurity incidents, labor disputes or shortages …

Item 1A, Risk Factors, 10-K Feb 24, 2026

URI UNITED RENTALS, INC.

6 paragraphs

… These include climate change regulation, which could materially affect our operating results through increased compliance costs.

Item 1A, Risk Factors, 10-K Jan 28, 2026

… Additionally, potential climate change regulation could increase the overall cost of fuel to us and have a material adverse effect on us. See “Operational Risks - Severe weather events and other natural occurrences may materially adversely impact our operations and markets.”

Item 1A, Risk Factors, 10-K Jan 28, 2026

AOS SMITH A O CORP

5 paragraphs

■ Changes in regulations or standards, such as those associated with climate change, could adversely affect our business

Item 1A, Risk Factors, 10-K Feb 10, 2026

Unfavorable changes in the political, regulatory, or trade climate, diplomatic relations, or government policies, particularly in relation to countries where we have a presence, including Canada, China, India and Mexico, could have a material adverse effect on our financial condition, results of operations and cash flows or our ability to repatriate funds to the U.S.

Item 1A, Risk Factors, 10-K Feb 10, 2026

CHRW C. H. ROBINSON WORLDWIDE, INC.

5 paragraphs

We may be subject to the negative impacts of climate change, which could adversely impact our business and financial results. The potential impacts of climate change may subject us to various risks, including:

Item 1A, Risk Factors, 10-K Feb 13, 2026

Our contracted transportation providers are subject to an increasingly complex climate-related regulatory landscape, including transitional risks relating to climate change, which could directly or indirectly have a material adverse effect on our business. Future and existing environmental regulatory requirements …

Item 1A, Risk Factors, 10-K Feb 13, 2026

EXPD EXPEDITORS INTERNATIONAL OF WASHINGTON INC

5 paragraphs

Climate change, including measures to address climate change, could adversely impact our business and financial results.

Item 1A, Risk Factors, 10-K Feb 25, 2026

In addition, the increasing concern over climate change has resulted and may continue to result in more regulations relating to climate change, including regulating greenhouse gas emissions, restrictions on modes of transportation, alternative energy policies and sustainability initiatives, such as …

Item 1A, Risk Factors, 10-K Feb 25, 2026

LMT LOCKHEED MARTIN CORP

5 paragraphs

Environmental regulations, including in relation to climate change, could adversely affect our future earnings as well as the affordability of our products and services.

Item 1A, Risk Factors, 10-K Jan 29, 2026

The increasing global regulatory focus on greenhouse gas (GHG) emissions and their potential impacts relating to climate change could result in laws, regulations or policies that significantly increase our direct and indirect operational and compliance burdens, which could adversely affect …

Item 1A, Risk Factors, 10-K Jan 29, 2026

NDSN NORDSON CORP

5 paragraphs

Many governments, regulators, investors, employees, customers and other stakeholders are increasingly focused on environmental, social and governance considerations relating to businesses, including climate change and greenhouse gas emissions and human capital. Any new climate-change regulations could result in additional compliance costs for the Company and our suppliers, negatively impacting profits. In addition, we make statements about our environmental, social and

Item 1A, Risk Factors, 10-K Dec 17, 2025

… Changes in environmental and climate change laws or regulations, including laws relating to greenhouse gas emissions, could subject us to additional costs and restrictions, including increased energy and raw material costs. If environmental laws or regulations are either changed or …

Item 1A, Risk Factors, 10-K Dec 17, 2025

PH Parker-Hannifin Corp

5 paragraphs

We may be required to make material expenditures in order to comply with environmental laws and regulations, to address the effects of climate change and to respond to customer needs and investor expectations regarding climate-related goals, each of which may negatively impact our business.

Item 1A, Risk Factors, 10-K Aug 21, 2026

… Any failure, or perceived failure, by us to achieve our climate-related goals, further our initiatives, adhere to our public statements, comply with federal, state or international climate-related laws and regulations or meet evolving and varied customer and investor …

Item 1A, Risk Factors, 10-K Aug 21, 2026

ROK ROCKWELL AUTOMATION, INC

5 paragraphs

We face the potential harms of natural disasters, including those as a result of climate change, pandemics, acts of war, terrorism, international conflicts, or other disruptions to our operations, the duration and severity of which are highly uncertain and difficult to predict.

Item 1A, Risk Factors, 10-K Nov 12, 2025

Governmental actions and regulations, including those related to corporate income taxes, the environment, materials, products, certification and labeling, trade policies, privacy, cybersecurity, AI, or climate change, may be taken in the jurisdictions where we operate that may affect our business activities or may otherwise increase our costs to do business.

Item 1A, Risk Factors, 10-K Nov 12, 2025

ROL ROLLINS INC

5 paragraphs

Our business is affected by weather conditions, including climate change and the seasonal nature of our pest and termite control services. The increase in pest presence and activity, as well as the metamorphosis of termites in the spring and summer (the occurrence of which is determined by the timing of the change in seasons), has historically resulted in an increase in the revenue of our pest and termite control operations during such periods as evidenced by the following table.

Item 1A, Risk Factors, 10-K Feb 12, 2026

Climate change and unfavorable weather conditions could adversely impact our financial results.

10-K, 10-K Feb 12, 2026

RTX RTX Corp

5 paragraphs

Our business and financial performance may be adversely affected by climate change, including regulations, customer demand, technologies, and extreme weather. Our business may be impacted by climate change and governmental and industry actions taken in response, which present short, medium …

Item 1A, Risk Factors, 10-K Feb 6, 2026

… Changes in environmental and climate change-related laws or regulations, including regulations on greenhouse gas emissions, carbon pricing, and energy taxes, could lead to new or additional investment in product designs and facility upgrades and could increase our operational and …

Item 7, MD&A, 10-K Feb 6, 2026

TDG TransDigm Group INC

5 paragraphs

Climate-related regulations designed to address climate change may result in additional compliance costs.

Item 1A, Risk Factors, 10-K Nov 10, 2026

Our operations and those of our customers and suppliers have been and may again be subject to natural disasters, climate change-related events, pandemics or other business disruptions, which could seriously harm our results of operations and increase our costs …

Item 1A, Risk Factors, 10-K Nov 10, 2026

UNP UNION PACIFIC CORP

5 paragraphs

Climate change - Climate change could have an adverse impact on our operations and financial performance (see Risk Factors under Item 1A of this report). We utilize climate scenario analyses to better understand climate-related risks and opportunities the Company may …

Item 7, MD&A, 10-K Feb 6, 2026

Compliance with laws or regulations related to climate change, along with defending and resolving legal claims and other litigation, could have a material adverse effect on our results of operations, financial condition, and liquidity. Climate change may cause severe weather …

Item 1A, Risk Factors, 10-K Feb 6, 2026

WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

5 paragraphs

Potential regulation addressing climate change may affect the Company's operations and products in certain jurisdictions. The potential challenges posed by evolving climate change policy and prospective regulation are heavily dependent on the

Item 1A, Risk Factors, 10-K Feb 13, 2026

Future climate change regulation could result in increased operating costs, affect the demand for our products or affect the ability of our critical suppliers to meet our needs.

Item 1A, Risk Factors, 10-K Feb 13, 2026

GNRC GENERAC HOLDINGS INC.

4 paragraphs

a significant adverse change in legal factors, the business climate, or regulatory environment;

Item 7, MD&A, 10-K Feb 18, 2026

Increasing governmental and societal attention to sustainability matters, including expanding mandatory and voluntary reporting, and disclosure topics such as climate change, natural resources, waste reduction, energy, and risk oversight could expand the nature, scope, and complexity of matters that we …

Item 1A, Risk Factors, 10-K Feb 18, 2026

HWM Howmet Aerospace Inc.

4 paragraphs

Physical risks associated with the climate, such as flooding, extreme winds, and extreme precipitation, expose us to risks of damage of Howmet locations or those of its suppliers or customers. Prolonged periods of drought may result in wildfires and/or …

Item 1A, Risk Factors, 10-K Feb 12, 2026

Howmet may be affected by global climate change or by legal, regulatory, customer, or supplier responses to such change.

Item 1A, Risk Factors, 10-K Feb 12, 2026

MMM 3M CO

4 paragraphs

Climate change and severe weather events, including related environmental and social regulations, as well as natural disasters, may negatively impact the Company or its customers and suppliers, in terms of availability and cost of natural resources, sources and supply of energy, product demand and manufacturing, compliance costs, and the health and well-being of individuals and communities in which we or our suppliers or customers operate.

Item 1A, Risk Factors, 10-K Feb 3, 2026

… Supplier relationships have been and could be interrupted or terminated in the future due to events such as supplier material shortages, climate impacts and severe weather events, natural and other disasters, and other disruptive events such as those noted in …

Item 1A, Risk Factors, 10-K Feb 3, 2026

TXT TEXTRON INC

4 paragraphs

Increased regulation and stakeholder expectations related to global climate change could negatively affect our operating results.

Item 1A, Risk Factors, 10-K Feb 11, 2026

Increased worldwide public awareness and concern regarding global climate change has resulted and is likely to continue to result in more legislative and regulatory efforts, in the U.S., the European Union and in other jurisdictions in which we operate …

Item 1A, Risk Factors, 10-K Feb 11, 2026

VLTO Veralto Corp

4 paragraphs

• Climate change and sustainability matters, legal or regulatory measures to address climate change and sustainability matters, and any inability on our part to address related stakeholder expectations may negatively affect us.

Item 1A, Risk Factors, 10-K Feb 20, 2026

Climate change and sustainability matters, legal or regulatory measures to address climate change and sustainability matters, and any inability on our part to address related stakeholder expectations may negatively affect us.

Item 1A, Risk Factors, 10-K Feb 20, 2026

CSX CSX CORP

3 paragraphs

The Company’s operations and financial results could be negatively impacted by climate or weather-related risks as well as regulatory and legislative responses.

Item 1A, Risk Factors, 10-K Feb 12, 2026

… In addition, CSX may become subject to legal requirements to disclose climate-related information and may become subject to demands or expectations by its supply chain partners, customers or other stakeholders to disclose information relating to climate risk or set …

Item 1A, Risk Factors, 10-K Feb 12, 2026

FERG Ferguson Enterprises Inc. /DE/

3 paragraphs

… Inclusion and climate change topics have, in particular, received heightened attention from investors, shareholders, lawmakers and listing exchanges. We may face reputational damage, litigation or regulatory enforcement in the event our sustainability initiatives or objectives, including with respect to Inclusion …

Item 1A, Risk Factors, 10-K Sep 26, 2025

… Accordingly, a number of factors beyond our control, including but not limited to inflation, deflation, stagflation or recession, trade restrictions such as tariffs, sanctions and retaliatory countermeasures, the political climate, government spending, unemployment, interest rate and mortgage rate fluctuations, mortgage …

Item 1A, Risk Factors, 10-K Sep 26, 2025

JBHT HUNT J B TRANSPORT SERVICES INC

3 paragraphs

We are also subject to existing and potential future laws and regulations with regards to public policy on climate change. If current regulatory requirements become more stringent or new environmental laws and regulations regarding climate change are introduced, we could be required to make significant expenditures or abandon certain activities, which could have a material adverse effect on our business and operating results.

Item 1A, Risk Factors, 10-K Feb 24, 2026

Our operations are subject to various environmental laws and regulations, including legislative and regulatory responses to climate change. Compliance with environmental requirements could result in significant expenditures and the violation of these regulations could result in substantial fines or penalties.

Item 1A, Risk Factors, 10-K Feb 24, 2026

NSC NORFOLK SOUTHERN CORP

3 paragraphs

• a significant adverse event on our network, including but not limited to a mainline accident, discharge of hazardous material, or climate-related or other network outage;

Item 7, MD&A, 10-K Feb 9, 2026

… Additionally, shifts in weather patterns caused by climate change are expected to increase the frequency, severity, or duration of certain adverse weather conditions, which could cause more significant business interruptions that result in increased costs, increased liabilities, and decreased revenues …

Item 1A, Risk Factors, 10-K Feb 9, 2026

ODFL OLD DOMINION FREIGHT LINE, INC.

3 paragraphs

We may be adversely affected by legal, regulatory, or market responses to climate change concerns.

Item 1A, Risk Factors, 10-K Feb 24, 2026

Increased concern over climate change and the potential impact of global warming has led to an increase in current and proposed regulation from federal, state and local governments related to our carbon footprint, including with respect to vehicle engine and …

Item 1A, Risk Factors, 10-K Feb 24, 2026

VRT Vertiv Holdings Co

3 paragraphs

We are also continually monitoring the evolving macroeconomic environment, including monitoring inflationary and recessionary pressures resulting from the ongoing tariffs and geopolitical climate. These additional pressures could significantly impact the labor markets, exchange rates, customer demand, supply chain, capital markets …

Item 7, MD&A, 10-K Feb 13, 2026

Businesses are facing increasing scrutiny in environmental and sustainability-related areas, which may include the use of renewable resources, environmental stewardship, supply chain management, climate change, safety, inclusion, workplace conduct, human rights, philanthropy and support for local communities. If we …

Item 1A, Risk Factors, 10-K Feb 13, 2026

AXON AXON ENTERPRISE, INC.

2 paragraphs

Trade regulations include, among other categories, environmental regulations, climate- and sustainability-related regulations, tax and statutory financial regulations, export and import controls, customs and duties regulations, internal control and disclosure rules, privacy and data protection requirements, anti-corruption laws, and other local laws prohibiting corrupt payments to governmental officials, and competition regulations.

Item 1A, Risk Factors, 10-K Feb 25, 2026

Additional sustainability and climate-related disclosure requirements have been enacted or proposed in jurisdictions in which we operate, including the EU Corporate Sustainability Reporting Directive, the UK Streamlined Energy and Carbon Reporting regime, and California SB 253 and SB 261.

10-K, 10-K Feb 25, 2026

CAT CATERPILLAR INC

2 paragraphs

… Changes in environmental and climate change laws or regulations, including laws relating to greenhouse gas emissions, could lead to new or additional investment in product designs and could increase environmental compliance expenditures. Changes in climate change concerns, or in the …

Item 1A, Risk Factors, 10-K Feb 13, 2026

Fair values for goodwill impairment tests - We test goodwill for impairment annually, at the reporting unit level, and whenever events or circumstances make it more likely than not that an impairment may have occurred, such as a significant adverse change in the business climate or a decision to sell all or a portion of a reporting unit. We perform our annual goodwill impairment test as of October 1 and monitor for interim triggering events on an ongoing basis.

Item 7, MD&A, 10-K Feb 13, 2026

CPRT COPART INC

2 paragraphs

… For example, we are or may become subject to new and evolving climate-related disclosure requirements, including state-level mandates such as California's greenhouse gas emissions and climate-related financial risk reporting laws, even as the scope of federal …

Item 1A, Risk Factors, 10-K Sep 29, 2026

… and other governmental authorities on climate change and other environmental matters may lead to enhanced regulation in these areas, which could also result in increased compliance costs and subject us to additional potential liabilities. The extent of these costs and …

10-K, 10-K Sep 29, 2026

EFX EQUIFAX INC

2 paragraphs

… These events or circumstances could include a significant change in the business climate, legal factors, operating performance or trends, competition, or sale or disposition of a significant portion of a reporting unit. We have six reporting units, comprised of Workforce …

Item 7, MD&A, 10-K Feb 19, 2026

… In response to stakeholder feedback, we communicate certain information regarding our responsible business priorities, including initiatives, goals and commitments related to data security and privacy, climate, inclusion and diversity, employee engagement and community investments, in our public disclosures. These initiatives …

Item 1A, Risk Factors, 10-K Feb 19, 2026

ITW ILLINOIS TOOL WORKS INC

2 paragraphs

Uncertainty related to environmental regulation and industry standards, as well as physical risks of climate change, could impact the Company's results of operations and financial position.

Item 1A, Risk Factors, 10-K Feb 13, 2026

Increased public awareness and concern regarding environmental risks, including global climate change, may result in more international, regional and/or federal requirements or industry standards to reduce or mitigate global warming and other environmental risks. These regulations or standards could …

Item 1A, Risk Factors, 10-K Feb 13, 2026

LHX L3HARRIS TECHNOLOGIES, INC. /DE/

2 paragraphs

Space Systems: ISR; position, navigation and timing; weather and climate monitoring; missile defense and ground-based space surveillance networks.

10-K, 10-K Feb 12, 2026

… Such events or circumstances may include a significant deterioration in overall economic conditions, changes in the business climate of our industry, a decline in our market capitalization, operating performance indicators, competition, reorganizations of our business or the disposal of all …

Item 8, Financial Statements, 10-K Feb 12, 2026

NOC NORTHROP GRUMMAN CORP /DE/

2 paragraphs

… These events could damage our and our suppliers’ facilities, products, and other assets, and cause disruptions to our business operations and supply chain as well as the operations of our customers, and require an increase in expenditures to improve climate …

Item 1A, Risk Factors, 10-K Jan 27, 2026

… disasters or other weather events, particularly at facilities prone to extreme weather events, such as in Florida and California. Climate related changes can impact weather patterns (e.g., increased frequency and severity of significant weather events), natural hazards (e.g …

Item 1A, Risk Factors, 10-K Jan 27, 2026

PAYX PAYCHEX INC

2 paragraphs

We and our customers are subject to the impacts related to inflationary pressure, economic instability, changes in interest rates, tariffs, potential instability of the banking environment, climate change-based obligations, and other macroeconomic and/or

Item 1A, Risk Factors, 10-K Jul 17, 2026

… of war, public health emergency, pandemic, or other events that could have a significant disruptive effect on our operations. Climate-related weather disasters, including hurricanes, flooding, snowstorms, and severe rainstorms, could also threaten the business continuity of our operations. We …

Item 1A, Risk Factors, 10-K Jul 17, 2026

ADP AUTOMATIC DATA PROCESSING INC

1 paragraph

… war, terrorist attack, pandemics or other (actual or threatened) public health emergencies, extreme weather, such as droughts, hurricanes, flooding and wildfires (including as a result of climate change), or other events beyond our control, and measures taken in response thereto.

Item 1A, Risk Factors, 10-K Aug 5, 2026

AME AMETEK INC/

1 paragraph

… In addition, existing laws and regulations may be revised or reinterpreted and new laws and regulations, including with respect to privacy legislation and climate change, may be adopted or become applicable to us or customers for our products. These laws …

Item 1A, Risk Factors, 10-K Feb 17, 2026

DD DuPont de Nemours, Inc.

1 paragraph

The Company's estimates of future cash flows are based on current regulatory and economic climates, recent operating results, and planned business strategies. Should future cash flows differ materially from the Company's estimate, or should there be a future market downturn, the Company may be required to perform additional impairment analyses that could result in a non-cash goodwill impairment charge.

10-K, 10-K Feb 17, 2026

FAST FASTENAL CO

1 paragraph

We may be affected by global climate change or legal, tax, regulatory, or market responses to such change. The concern over climate change has led to legislative and regulatory initiatives aimed at reducing greenhouse gas emissions. Compliance with any new …

Item 1A, Risk Factors, 10-K Feb 5, 2026

HUBB HUBBELL INC

1 paragraph

… In addition, we could be affected by future laws or regulations, including those imposed in response to climate change concerns. Environmental laws and regulations have generally become stricter in recent years. Compliance with any future laws and regulations could result …

Item 1A, Risk Factors, 10-K Feb 12, 2026

IR Ingersoll Rand Inc.

1 paragraph

… For example, if one or more of our manufacturing facilities are damaged by severe weather or any other disaster, accident, catastrophe or event (including but not limited to those as a result of climate change), our operations could be significantly …

Item 1A, Risk Factors, 10-K Feb 17, 2026

AAL American Airlines Group Inc.

0 paragraphs

Not mentioned in the latest 10-K.

AAON AAON, INC.

0 paragraphs

Not mentioned in the latest 10-K.

ABM ABM INDUSTRIES INC /DE/

0 paragraphs

Not mentioned in the latest 10-K.

ACHR Archer Aviation Inc.

0 paragraphs

Not mentioned in the latest 10-K.

ACLS AXCELIS TECHNOLOGIES INC

0 paragraphs

Not mentioned in the latest 10-K.

ACM AECOM

0 paragraphs

Not mentioned in the latest 10-K.

ADT ADT Inc.

0 paragraphs

Not mentioned in the latest 10-K.

AGCO AGCO CORP /DE

0 paragraphs

Not mentioned in the latest 10-K.

AGX ARGAN INC

0 paragraphs

Not mentioned in the latest 10-K.

AIR AAR CORP

0 paragraphs

Not mentioned in the latest 10-K.

AIT APPLIED INDUSTRIAL TECHNOLOGIES INC

0 paragraphs

Not mentioned in the latest 10-K.

ALG ALAMO GROUP INC

0 paragraphs

Not mentioned in the latest 10-K.

ALIT Alight, Inc. / Delaware

0 paragraphs

Not mentioned in the latest 10-K.

ALK ALASKA AIR GROUP, INC.

0 paragraphs

Not mentioned in the latest 10-K.

AMSC AMERICAN SUPERCONDUCTOR CORP /DE/

0 paragraphs

Not mentioned in the latest 10-K.

AMTM Amentum Holdings, Inc.

0 paragraphs

Not mentioned in the latest 10-K.

APG APi Group Corp

0 paragraphs

Not mentioned in the latest 10-K.

ARCB ARCBEST CORP /TX/

0 paragraphs

Not mentioned in the latest 10-K.

ARW ARROW ELECTRONICS, INC.

0 paragraphs

Not mentioned in the latest 10-K.

ASH ASHLAND INC.

0 paragraphs

Not mentioned in the latest 10-K.

AVAV AeroVironment Inc

0 paragraphs

Not mentioned in the latest 10-K.

AVT AVNET INC

0 paragraphs

Not mentioned in the latest 10-K.

AZZ AZZ INC

0 paragraphs

Not mentioned in the latest 10-K.

BAH Booz Allen Hamilton Holding Corp

0 paragraphs

Not mentioned in the latest 10-K.

BC BRUNSWICK CORP

0 paragraphs

Not mentioned in the latest 10-K.

BCC BOISE CASCADE Co

0 paragraphs

Not mentioned in the latest 10-K.

BCO BRINKS CO

0 paragraphs

Not mentioned in the latest 10-K.

BR BROADRIDGE FINANCIAL SOLUTIONS, INC.

0 paragraphs

Not mentioned in the latest 10-K.

BWXT BWX Technologies, Inc.

0 paragraphs

Not mentioned in the latest 10-K.

CTAS CINTAS CORP

0 paragraphs

Not mentioned in the latest 10-K.

HII HUNTINGTON INGALLS INDUSTRIES, INC.

0 paragraphs

Not mentioned in the latest 10-K.