Farming is a foundation of life in the U.S., and industrial machinery has been making it more efficient since Eli Whitney invented the cotton gin in 1793. Today, advanced agriculture is made possible by the use of highly-sophisticated tractors, balers, irrigation systems and freight vehicles. Click through this slideshow to see the top ten largest manufacturers by 2022 revenue of agricultural and construction equipment in the U.S. today.
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| IW 500 Rank | Company Name | Primary Industry | 2022 Revenue in Millions (unless otherwise stated) | Revenue Growth | 2022 Net Income in Millions (unless otherwise stated) | Profit Margin |
| 22 | Caterpillar Inc. (NYSE:CAT) | Construction Machinery and Heavy Transportation Equipment | $59,427 | 16.6% | $6,705 | 11.3% |
| 27 | Deere & Company (NYSE:DE) | Agricultural and Farm Machinery | $52,563 | 19.5% | $7,131 | 13.6% |
| 47 | PACCAR Inc (NasdaqGS:PCAR) | Construction Machinery and Heavy Transportation Equipment | $28,820 | 22.5% | $3,012 | 10.4% |
| 50 | Cummins Inc. (NYSE:CMI) | Construction Machinery and Heavy Transportation Equipment | $28,074 | 16.9% | $2,151 | 7.7% |
| 106 | AGCO Corporation (NYSE:AGCO) | Agricultural and Farm Machinery | $12,651 | 13.6% | $890 | 7.0% |
| 147 | Westinghouse Air Brake Technologies Corporation (NYSE:WAB) | Construction Machinery and Heavy Transportation Equipment | $8,362 | 6.9% | $633 | 7.6% |
| 149 | Oshkosh Corporation (NYSE:OSK) | Construction Machinery and Heavy Transportation Equipment | $8,282 | 4.1% | $174 | 2.1% |
| 225 | The Toro Company (NYSE:TTC) | Agricultural and Farm Machinery | $4,515 | 14.0% | $443 | 9.8% |
| 227 | Terex Corporation (NYSE:TEX) | Construction Machinery and Heavy Transportation Equipment | $4,418 | 13.7% | $300 | 6.8% |
| 230 | Valmont Industries, Inc. (NYSE:VMI) | Construction and Engineering | $4,345 | 24.1% | $251 | 5.8% |
| 298 | The Greenbrier Companies, Inc. (NYSE:GBX) | Construction Machinery and Heavy Transportation Equipment | $2,978 | 70.4% | $47 | 1.6% |
| 312 | Allison Transmission Holdings, Inc. (NYSE:ALSN) | Construction Machinery and Heavy Transportation Equipment | $2,769 | 15.3% | $531 | 19.2% |
| 327 | Wabash National Corporation (NYSE:WNC) | Construction Machinery and Heavy Transportation Equipment | $2,502 | 38.8% | $112 | 4.5% |
| 336 | REV Group, Inc. (NYSE:REVG) | Construction Machinery and Heavy Transportation Equipment | $2,332 | -2.1% | $15 | 0.7% |
| 342 | Arcosa, Inc. (NYSE:ACA) | Construction and Engineering | $2,243 | 10.1% | $246 | 11.0% |
| 352 | Titan International, Inc. (NYSE:TWI) | Agricultural and Farm Machinery | $2,169 | 21.9% | $176 | 8.1% |
| 368 | The Manitowoc Company, Inc. (NYSE:MTW) | Construction Machinery and Heavy Transportation Equipment | $2,033 | 18.2% | -$124 | -6.1% |
| 376 | Trinity Industries, Inc. (NYSE:TRN) | Construction Machinery and Heavy Transportation Equipment | $1,977 | 30.4% | $60 | 3.0% |
| 418 | Alamo Group Inc. (NYSE:ALG) | Construction Machinery and Heavy Transportation Equipment | $1,514 | 13.4% | $102 | 6.7% |
| 429 | Federal Signal Corporation (NYSE:FSS) | Construction Machinery and Heavy Transportation Equipment | $1,435 | 18.3% | $120 | 8.4% |
| 453 | Astec Industries, Inc. (NasdaqGS:ASTE) | Construction Machinery and Heavy Transportation Equipment | $1,275 | 16.3% | $0 | 0.0% |
| 484 | The Shyft Group, Inc. (NasdaqGS:SHYF) | Construction Machinery and Heavy Transportation Equipment | $1,027 | 3.6% | $37 | 3.6% |
| 495 | Commercial Vehicle Group, Inc. (NasdaqGS:CVGI) | Construction Machinery and Heavy Transportation Equipment | $982 | 1.0% | -$22 | -2.2% |
Data provided by S&P Global Market Intelligence.
