Heavy Industry Companies Ranked by Operating Margin (FY2026, 7 companies)

7 companies · FY2026 results (earnings releases, consolidated)

Komatsu ranks first for operating margin in the Heavy Industry industry at 13.7%. The top three are Komatsu (13.7%), IHI (10.1%) and MHI (8.7%).

Across the 7 companies the average is 7.1% and the median 6.3%. Kanadevia comes last at 1.9%, a gap of 11.8 percentage points to the leader.

3 of 7 companies are above the average.

Share prices, forecasts and results for Heavy Industry

Heavy Industry TOP3

1
KomatsuHeavy Industry13.7%
2
IHIHeavy Industry10.1%
3
MHIHeavy Industry8.7%

Companies: 7
Average: 7.1%
Median: 6.3%
All-industry average: 11.1%-4.0pt difference
Above average: 3of 7

Operating margin ranking: Heavy Industry

7 companies

RankCompanyAverage 7.1%Operating marginRevenueShares 1Y

1
Komatsu630113.7%13.7%¥4.1T+19.7%
2
IHI701310.1%10.1%¥1.6T−27.5%
3
MHI70118.7%8.7%¥5.0T−26.6%
4
Kawasaki70126.3%6.3%¥2.3T−14.7%
5
ShinMaywa72245.7%5.7%¥285.0B−10.5%
6
Toyota Ind.62013.1%3.1%¥4.4T-
7
Kanadevia70041.9%1.9%¥645.2B−10.7%

Shares 1Y is a closing-price reference (vs. about a year earlier).

Financials and pay compared

The same companies on other measures

Rank	Company	Operating margin	Average salary	Revenue	Operating profit
1	Komatsu6301	13.7%	¥8.59M	¥4.1T	¥567.3B
2	IHI7013	10.1%	¥10.0M	¥1.6T	¥165.5B
3	MHI7011	8.7%	¥10.2M	¥5.0T	¥432.2B
4	Kawasaki7012	6.3%	¥7.93M	¥2.3T	¥145.1B
5	ShinMaywa7224	5.7%	¥7.82M	¥285.0B	¥16.3B
6	Toyota Ind.6201	3.1%	¥8.42M	¥4.4T	¥137.0B
7	Kanadevia7004	1.9%	¥7.92M	¥645.2B	¥12.2B

Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.