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General Industrial Machinery & Equipment: capital spending and supply chain

SIC 3560 · 7 companies with filed cash-flow statements

Capital spending, 12 months$699M
Operating cash flow$6.5B
Capex / cash flow11%
Capex / revenue1.9%
Top 3 share86%

Analysis

7 companies in General Industrial Machinery & Equipment (SIC 3560) spent $699M on capital projects over their latest twelve months, 11% of the $6.5B their operations generated; the three largest spenders — ITW, IR, ZBRA — account for 86%.

Capital spending is 1.9% of the industry's $37.0B of annual revenue.

By the industry's asset mix most of it goes to equipment (47%); about $135M is imported.

The largest supplier of that spending is manufacturing structures ($201M).

Its largest supplying industries, by the input-output tables: imports ($3.4B), management of companies and enterprises ($1.2B), iron and steel mills and ferroalloy manufacturing ($865M).

Charts

General Industrial Machinery & Equipment: capital spending by company, latest twelve monthsGeneral Industrial Machinery & Equipment: capital spending by company, latest twelve monthsITW$394MIR$125MZBRA$80.0MGTES$72.6MTWIN$16.1MGHM$9.8MGTEC$1.7M
Filed cash-flow statements (SEC XBRL).
General Industrial Machinery & Equipment: what the capital spending buys (US part)General Industrial Machinery & Equipment: what the capital spending buys (US part)Structures$209MEquipment$275MSoftware$66.5MOther$39.0M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
General Industrial Machinery & Equipment: the industries that build and sell what it buysGeneral Industrial Machinery & Equipment: the industries that build and sell what it buysManufacturing structures$201MSoftware publishers$37.1MMachine tool manufacturing$34.5MCutting and machine tool accessor…$23.7MSpecial tool, die, jig, and fixtu…$23.4MOther industrial machinery manufa…$18.6MMaterial handling equipment manuf…$18.6MPlate work and fabricated structu…$17.5MAir conditioning, refrigeration, …$17.2MOther general purpose machinery m…$14.7M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
General Industrial Machinery & Equipment: its first-tier supplying industriesGeneral Industrial Machinery & Equipment: its first-tier supplying industriesImports$3.4BManagement of companies and enter…$1.2BIron and steel mills and ferroall…$865MMachinery, equipment, and supplies$730MFerrous metal foundries$602MOther durable goods merchant whol…$562MHousehold appliances and electric…$477MTruck transportation$344MPaperboard container manufacturing$319MPackaging machinery manufacturing$310M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
General Industrial Machinery & Equipment: where the industry's cash came from (+) and went (−)General Industrial Machinery & Equipment: where the industry's cash came from (+) and went (−)Operating cash flow$6.9BBuybacks−$4.0BDividends−$2.0BAcquisitions−$1.8BNet borrowing$995MCash drawn from the balance s…$986MCapital spending−$699MCash added to the balance she…−$422MOther investing (out)−$150MShares issued$149MOther financing (out)−$81.8MOther investing (in)$45.3MNet debt repaid−$39.8MOther financing (in)$22.1M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
ITW Illinois Tool Works$394M$3.3B12%TTM to Q3 2026
IR Ingersoll Rand$125M$1.6B8%TTM to Q3 2026
ZBRA Zebra Technologies$80.0M$1.1B7%TTM to Q3 2026
GTES Gates Industrial$72.6M$440M17%TTM to Q3 2026
TWIN Twin Disc$16.1M$42.0M38%TTM to Q1 FY27
GHM Graham$9.8M$38.7M25%TTM to Q2 FY27
GTEC Greenland Technologies Holding$1.7M$16.2M11%TTM to Q2 2026

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.