SEC annual filings · Instruments and related products

Which companies in instruments and related products have the most revenue in the SEC data we read?

In 2025, 73 companies in instruments and related products that have had revenue of one billion dollars or more are ranked; Thermo Fisher Scientific Inc. reported the most, $44.6 billion. The newest annual report in the data is for the fiscal year ended .

Revenue of the ten largest companies in instruments and related products, 2025

The largest first, each bar from zeroAs filed with the SEC

Revenue in 2025 of the ten largest companies in instruments and related products Thermo Fisher Scientific Inc.: $44.6B; Northrop Grumman Corp: $42.0B; Medtronic plc: $36.4B; Medline Inc.: $28.4B; Stryker Corp: $25.1B; 3M Co: $24.9B; Danaher Corp: $24.6B; Becton Dickinson & Co: $21.8B; Trane Technologies plc: $21.3B; GE HealthCare Technologies Inc.: $20.6B Thermo Fisher Scientific Inc. $44.6B Northrop Grumman Corp $42.0B Medtronic plc $36.4B Medline Inc. $28.4B Stryker Corp $25.1B 3M Co $24.9B Danaher Corp $24.6B Becton Dickinson & Co $21.8B Trane Technologies plc $21.3B GE HealthCare Technologies Inc. $20.6B Revenue in 2025 of the ten largest companies in instruments and related products Thermo Fisher Scientific Inc.: $44.6B; Northrop Grumman Corp: $42.0B; Medtronic plc: $36.4B; Medline Inc.: $28.4B; Stryker Corp: $25.1B; 3M Co: $24.9B; Danaher Corp: $24.6B; Becton Dickinson & Co: $21.8B; Trane Technologies plc: $21.3B; GE HealthCare Technologies Inc.: $20.6B Thermo Fisher Scientific Inc. $44.6B Northrop Grumman Corp $42.0B Medtronic plc $36.4B Medline Inc. $28.4B Stryker Corp $25.1B 3M Co $24.9B Danaher Corp $24.6B Becton Dickinson & Co $21.8B Trane Technologies plc $21.3B GE HealthCare Technologies Inc. $20.6B

Each bar is the revenue of one company for its fiscal year in 2025, as it filed it. The whole ranking is under "The numbers behind the chart".

Observed .

Right now

Thermo Fisher Scientific Inc. reported the most revenue in 2025, $44.6 billion.

73 companies in instruments and related products are ranked for 2025.

See the ranked companies of the group

Share of revenueOurs

Together they reported $562.1 billion of revenue, 2.2% of the revenue of all $25.2 trillion reported by the ranked companies.

As filed

Facts as filed with the SEC, and our arithmetic on them. Not investment advice.

Total assets are the figure the SEC data holds for the fiscal year end; a dash can mean the data holds a balance of another date.

Understanding the ranking

Where it stands today

Thermo Fisher Scientific Inc. reported $44.6 billion, the most in 2025.

How is the ranking made?

The ranking lists companies by the revenue they filed with the SEC for their fiscal year in 2025, the largest first.

Read more

A company is in the ranking when its latest annual report shows revenue of one billion dollars or more, and stays in it afterwards. A company that has stopped filing keeps its page and is not ranked.

The numbers behind the chart

Which companies in instruments and related products reported the most revenue?73 companies
Companies by revenue in 2025, the largest first (dollars as filed)
CompanyRankSymbolRevenueProfit or lossTotal assets
Thermo Fisher Scientific Inc.1TMO$44.6B$6.72B$110B
Northrop Grumman Corp2NOC$42.0B$4.18B$51.4B
Medtronic plc3MDT$36.4B––
Medline Inc.4MDLN$28.4B–$38.5B
Stryker Corp5SYK$25.1B$3.25B$47.8B
3M Co6MMM$24.9B$3.25B$37.7B
Danaher Corp7DHR$24.6B$3.61B$83.5B
Becton Dickinson & Co8BDX$21.8B$1.68B–
Trane Technologies plc9TT$21.3B$2.92B$21.4B
GE HealthCare Technologies Inc.10GEHC$20.6B$2.08B$36.9B
Boston Scientific Corp11BSX$20.1B–$43.7B
KLA Corp12KLAC$12.2B$4.06B–
Baxter International Inc13BAX$11.2B−$957M$20.1B
Intuitive Surgical Inc14ISRG$10.1B$2.86B$20.5B
Rockwell Automation, Inc15ROK$8.34B$869M–
Solventum Corp16SOLV$8.32B$1.56B$14.3B
Zimmer Biomet Holdings, Inc.17ZBH$8.23B$705M$23.1B
Roper Technologies Inc18ROP$7.90B$1.54B$34.6B
Ametek Inc19AME$7.40B$1.48B$16.1B
Garmin Ltd20GRMN$7.25B$1.66B$11.0B
Agilent Technologies, Inc.21A$6.95B$1.30B–
Avantor, Inc.22AVTR$6.55B−$530M$11.8B
Teledyne Technologies Inc23TDY$6.12B$895M$15.3B
Edwards Lifesciences Corp24EW$6.07B$1.07B$13.7B
STERIS plc25STE$5.94B$782M–
Show 48 more rows
Companies by revenue in 2025, the largest first (dollars as filed) (continued)
CompanyRankSymbolRevenueProfit or lossTotal assets
Coherent Corp.26COHR$5.81B$30.0M–
Veralto Corp27VLTO$5.50B$940M$7.69B
Keysight Technologies, Inc.28KEYS$5.38B$850M–
ResMed Inc29RMD$5.15B$1.40B–
Bausch & Lomb Corp30BLCO$5.10B−$360M$14.0B
DexCom Inc31DXCM$4.66B$836M$6.34B
Illumina, Inc.32ILMN$4.34B$850M$6.64B
Fortive Corp33FTV$4.16B$533M$11.7B
Hologic Inc34–$4.10B$566M–
Cooper Companies, Inc.35COO$4.09B$375M–
Align Technology Inc36ALGN$4.03B$410M$6.23B
Mettler-Toledo International Inc37MTD$4.03B$869M$3.71B
MKS Inc38MKSI$3.93B$295M$8.80B
Sensata Technologies Holding plc39ST$3.70B$31.3M$6.75B
Dentsply Sirona Inc.40XRAY$3.68B−$598M$5.43B
Leonardo DRS, Inc.41DRS$3.65B$278M$4.49B
Trimble Inc.42TRMB$3.59B$424M$9.31B
Bruker Corp43BRKR$3.44B−$8.30M$6.24B
Teradyne, Inc44TER$3.19B$554M$4.18B
Waters Corp45WAT$3.17B$643M$5.08B
MiniMed Group, Inc.46MMED$3.10B−$333M–
Vontier Corp47VNT$3.08B$406M$4.37B
West Pharmaceutical Services Inc48WST$3.07B$494M$4.27B
Globus Medical Inc49GMED$2.94B$538M$5.30B
Revvity, Inc.50RVTY$2.86B$241M$12.2B
Envista Holdings Corp51NVST$2.72B$47.0M$5.68B
Insulet Corp52PODD$2.71B$247M$3.19B
Bio-Rad Laboratories, Inc.53BIO$2.58B$760M$10.6B
Itron, Inc.54ITRI$2.37B$301M$3.72B
Enovis Corp55ENOV$2.25B−$1.18B$3.83B
ICU Medical Inc56ICUI$2.23B–$4.05B
Ralliant Corp57RAL$2.07B−$1.22B$3.82B
Teleflex Inc58TFX$1.99B−$906M$6.95B
National Vision Holdings, Inc.59EYE$1.99B$29.6M$1.98B
MSA Safety Inc60MSA$1.87B$279M$2.55B
Integer Holdings Corp61ITGR$1.85B$103M$3.41B
Integra Lifesciences Holdings Corp62IART$1.64B−$517M$3.60B
Masimo Corp63–$1.53B−$152M$1.70B
Merit Medical Systems Inc64MMSI$1.52B$128M$2.69B
Penumbra Inc65PEN$1.40B$178M$1.83B
LivaNova plc66LIVN$1.39B−$243M$2.61B
CONMED Corp67CNMD$1.37B$47.1M$2.33B
Haemonetics Corp68HAE$1.33B––
Embecta Corp.69EMBC$1.08B$95.4M–
Eastman Kodak Co70KODK$1.07B−$128M$1.62B
Tandem Diabetes Care Inc71TNDM$1.01B−$205M$881M
Onto Innovation Inc.72ONTO$1.01B–$2.37B
Fossil Group, Inc.73FOSL$1.00B–$689M

The table scrolls sideways; the first column stays in place.

What does the ranking leave out, and where is it from?Limits and source

What this number cannot tell you

  • Only companies with a revenue figure for the ranking year that passes our checks are ranked, the largest first; equal figures share a rank.
  • A company's figures are its own. A company that files together with a parent or a subsidiary is ranked on its own figure, so the same business can appear twice, and a sum of revenue counts it twice.
  • Total assets are shown only when the SEC data dates them within ten days of the fiscal year end, and profit only when its period ends within sixty days of it.
  • A dash is a gap. Either the company did not report that figure for that year, the figure failed one of our checks and is not shown, or the SEC data holds it for another date or period than the year asks for. The dash says which when it is pointed at.

Observed .

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