Screen the sector that builds, ships and maintains the physical economy.
Industrials span aerospace, defence, machinery, transportation and business services — companies whose fortunes track capital spending, freight volumes and order backlogs across the broader economy. Cycles here run longer and deeper than in consumer sectors, so screening on backlog visibility and margin trend through a cycle matters more than a single quarter’s order book.
Illustrative — not investment advice.
| Ticker | Company | Sub-industry | Quality Score |
|---|---|---|---|
| GE | GE Aerospace | Aircraft engines & aerospace | 5.6/10 |
| RTX | RTX Corporation | Aerospace & defence | 6.2/10 |
| CAT | Caterpillar | Construction & mining equipment | 7.0/10 |
| BA | Boeing | Commercial & defence aircraft | 3.1/10 |
| HON | Honeywell International | Diversified industrial technology | 6.3/10 |
| UNP | Union Pacific | Freight rail transportation | 6.3/10 |
| UPS | United Parcel Service | Package delivery & logistics | 5.3/10 |
| LMT | Lockheed Martin | Aerospace & defence | 6.3/10 |
| DE | Deere & Company | Agricultural & construction machinery | 6.5/10 |
| ETN | Eaton Corporation | Electrical & industrial equipment | 7.1/10 |
| ADP | Automatic Data Processing | Payroll & HR business services | 7.9/10 |
| MMM | 3M | Diversified industrial manufacturing | 4.9/10 |
Backlog is the industrial sector’s forward-looking signal; growing backlog gives visibility into revenue years out, unlike a single quarter’s shipments.
Fixed-cost-heavy manufacturers see margin swing hard with volume; a steady or improving margin trend through the cycle signals real operating leverage, not just a strong order year.
Capital-intensive industrials can show healthy earnings while cash gets absorbed by capex and working capital; FCF conversion tests whether profit is actually turning into distributable cash.
Heavy machinery and infrastructure businesses require large capital outlays; ROIC separates industrials earning a real return on that capital from those merely growing the asset base.
Manufacturers and their customers are rebuilding domestic and near-shore capacity after years of supply-chain disruption, extending capital-spending cycles for industrial equipment makers.
Elevated global defence budgets are lengthening order backlogs for aerospace and defence primes, a multi-year tailwind distinct from the broader industrial cycle.
Machinery and electrical-equipment makers are racing to add automation and electrification content per unit, a source of margin expansion independent of unit volume growth.
Each one opens the screener with these filters already on the bar — change any of them, or save the screen under your own name.
Income first — a dividend-yield floor, with valuation and free-cash-flow filters to screen out yield traps.
Durable, capital-efficient businesses: high returns on capital and fat margins, still growing.
Smaller companies compounding revenue faster than the market has noticed, and paying for themselves in cash.
Every card above opens the screener with the sector filter and its own bounds already on the bar. Change any of them — nothing here is fixed.
Stack valuation, profitability, growth, dividend and financial-health filters. Each one is a range with presets, the table answers as you move a bound, and every filter says how many companies it excluded for want of a value.
Open any survivor for the four intrinsic-value models, then save it to a watchlist with a margin-of-safety target so each name carries an undervalued / fair / rich signal.
Screen for growing order backlog, a stable or improving operating margin trend, strong free-cash-flow conversion and high return on invested capital. That favours industrials compounding through the cycle over those merely riding a single strong order year.
Open the company’s Intrinsic Value tab: Lemma Analysis prices it four ways at once — Advanced DCF, Ben Graham, Simple DCF and the Dividend Discount Model — and draws all four on one axis against today’s price, with every assumption editable and a bear/base/bull case behind each one. There is deliberately no blended figure; which methods fit the company is stated instead, with the reason beside any that does not. Capital spending is lumpy in this sector, which is exactly what a five-year build handles and a single perpetual growth rate cannot — so the two cash-flow readings often disagree here, and that gap is the information. Intrinsic Value is free for 3 companies a day with no account needed, and unlimited on Ultimate, which every new account gets for seven days without a card.
There is no one answer for a sector, and a page that gave you one would be stating a figure it cannot keep true. What the Fair Value tab does instead is ask it per company: seven multiples — P/E, Yield, P/FCF, P/OCF, P/S, EV/EBITDA and P/B — each measured against that company’s own history, so today’s reading is a percentile of what the market has actually paid for it rather than a comparison with a sector average. Capital spending comes in waves, which makes free cash flow lumpy from year to year; the operating cash flow and EBITDA lenses are the steadier readings across a cycle. Fair Value is free for 3 companies a day with no account needed, and unlimited on Ultimate, which every new account gets for seven days without a card.
Yes — the screener is part of Ultimate. Every new account gets Ultimate for seven days with no credit card, which is enough to build a industrials screen, sort it and keep it; a screen you save stays on your account.
Aerospace, defence and heavy-machinery orders are placed years before delivery, so a growing backlog is one of the few reliable ways to see future revenue coming before it shows up in quarterly sales.
The screener is part of Ultimate, and every new account gets it for seven days: create an account, confirm your email, and the trial starts without a card. What you have built stays yours either way — a screen is an address, so the link you saved keeps working the day you subscribe.