SIC Code 37
Transportation Equipment
Data updated July 2026
39 companies · FY2025
Median Pay Ratio
165:1
Avg Pay Ratio
265:1
Median CEO Pay
$9.7M
Avg CEO Pay
$10.0M
Reading the Transportation Equipment CEO Pay Landscape (SIC 37, FY2025)
The Transportation Equipment industry, classified under 2-digit SIC code 37, had 39 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2025. Across that set of firms, the median CEO-to-worker pay ratio was 165:1 and the average was 265:1. Median CEO total compensation in the sector was $9.7M, with the sector-wide average at $10.0M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Transportation Equipment earned $5.5M, while the 75th percentile CEO earned $13.1M - a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. The gap between the 265:1 average and the 165:1 median is wide, which almost always signals that a small number of very-high-pay CEOs are pulling the mean upward; the median is the fairer yardstick for "a typical company in this sector."
Below you can scan each of the 100 Transportation Equipment companies PlainCEOPay currently tracks in this SIC group, with reported CEO total compensation, median worker pay, and individual pay ratios. Company pages show how each available filing compares with this industry benchmark. The current dataset does not include a CEO name or an itemized compensation breakdown for each company. All displayed figures are drawn from SEC EDGAR filings; they are not estimated, imputed, or projected.
Companies in Transportation Equipment (100)
| Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|
| Aptiv PLCSEC EDGAR DEF 14A, CIK 1521332 | $19.2M | $10K | 1,894:1 | 2025 |
| Aptiv PLCSEC EDGAR DEF 14A, CIK 1521332 | $18.0M | $12K | 1,545:1 | 2023 |
| Gentherm IncSEC EDGAR DEF 14A, CIK 903129 | $13.0M | $11K | 1,221:1 | 2025 |
| Gentherm IncSEC EDGAR DEF 14A, CIK 903129 | $7.6M | $8K | 916:1 | 2023 |
| Adient plcSEC EDGAR DEF 14A, CIK 1670541 | $14.7M | $19K | 773:1 | 2023 |
| Adient plcSEC EDGAR DEF 14A, CIK 1670541 | $13.1M | $19K | 694:1 | 2025 |
| Visteon CorpSEC EDGAR DEF 14A, CIK 1111335 | $16.8M | $28K | 590:1 | 2025 |
| Visteon CorpSEC EDGAR DEF 14A, CIK 1111335 | $13.1M | $25K | 527:1 | 2023 |
| Cooper-Standard Holdings Inc.SEC EDGAR DEF 14A, CIK 1320461 | $7.6M | $15K | 517:1 | 2023 |
| Westinghouse Air Brake Technologies CorpSEC EDGAR DEF 14A, CIK 943452 | $26.2M | $51K | 509:1 | 2025 |
| Phinia Inc.SEC EDGAR DEF 14A, CIK 1968915 | - | - | 502:1 | 2025 |
| Borgwarner IncSEC EDGAR DEF 14A, CIK 908255 | $19.3M | $39K | 490:1 | 2023 |
| TransDigm Group INCSEC EDGAR DEF 14A, CIK 1260221 | $23.9M | $58K | 411:1 | 2023 |
| DANA IncSEC EDGAR DEF 14A, CIK 26780 | $17.3M | $43K | 404:1 | 2023 |
| TransDigm Group INCSEC EDGAR DEF 14A, CIK 1260221 | $25.2M | $68K | 369:1 | 2025 |
| Trinity Industries IncSEC EDGAR DEF 14A, CIK 99780 | $5.7M | $16K | 353:1 | 2023 |
| Borgwarner IncSEC EDGAR DEF 14A, CIK 908255 | $15.6M | $48K | 326:1 | 2025 |
| Westinghouse Air Brake Technologies CorpSEC EDGAR DEF 14A, CIK 943452 | $15.5M | $49K | 317:1 | 2023 |
| Dauch CorpSEC EDGAR DEF 14A, CIK 1062231 | $12.2M | $39K | 313:1 | 2023 |
| Ford Motor CoSEC EDGAR DEF 14A, CIK 37996 | $26.5M | $85K | 312:1 | 2023 |
| General Motors CoSEC EDGAR DEF 14A, CIK 1467858 | $27.8M | $92K | 303:1 | 2023 |
| Autoliv IncSEC EDGAR DEF 14A, CIK 1034670 | - | - | 303:1 | 2025 |
| Commercial Vehicle Group, Inc.SEC EDGAR DEF 14A, CIK 1290900 | $5.4M | $18K | 302:1 | 2023 |
| Cooper-Standard Holdings Inc.SEC EDGAR DEF 14A, CIK 1320461 | $5.2M | $18K | 284:1 | 2025 |
| Polaris Inc.SEC EDGAR DEF 14A, CIK 931015 | $11.1M | $40K | 279:1 | 2025 |
| Heico CorpSEC EDGAR DEF 14A, CIK 46619 | $15.5M | $59K | 264:1 | 2023 |
| Fox Factory Holding CorpSEC EDGAR DEF 14A, CIK 1424929 | $8.2M | $31K | 262:1 | 2025 |
| Motorcar Parts Of America IncSEC EDGAR DEF 14A, CIK 918251 | $3.2M | $13K | 244:1 | 2024 |
| Honeywell International IncSEC EDGAR DEF 14A, CIK 773840 | - | - | 239:1 | 2025 |
| Patrick Industries IncSEC EDGAR DEF 14A, CIK 76605 | $10.1M | $47K | 215:1 | 2025 |
| Dauch CorpSEC EDGAR DEF 14A, CIK 1062231 | $11.5M | $54K | 212:1 | 2025 |
| Heico CorpSEC EDGAR DEF 14A, CIK 46619 | $13.0M | $62K | 211:1 | 2025 |
| Motorcar Parts Of America IncSEC EDGAR DEF 14A, CIK 918251 | $2.5M | $12K | 207:1 | 2023 |
| RTX CorpSEC EDGAR DEF 14A, CIK 101829 | $24.9M | $120K | 207:1 | 2025 |
| Textron IncSEC EDGAR DEF 14A, CIK 217346 | $20.4M | $104K | 196:1 | 2023 |
| Honeywell International IncSEC EDGAR DEF 14A, CIK 773840 | - | - | 192:1 | 2023 |
| Thor Industries IncSEC EDGAR DEF 14A, CIK 730263 | $10.6M | $56K | 188:1 | 2023 |
| Polaris Inc.SEC EDGAR DEF 14A, CIK 931015 | $8.9M | $47K | 188:1 | 2023 |
| RTX CorpSEC EDGAR DEF 14A, CIK 101829 | $21.9M | $117K | 187:1 | 2023 |
| Oshkosh CorpSEC EDGAR DEF 14A, CIK 775158 | - | - | 175:1 | 2023 |
| Spirit AeroSystems Holdings, Inc.SEC EDGAR DEF 14A, CIK 1364885 | $11.1M | $64K | 174:1 | 2023 |
| Spirit AeroSystems Holdings, Inc.SEC EDGAR DEF 14A, CIK 1364885 | $11.5M | $66K | 174:1 | 2024 |
| Lci IndustriesSEC EDGAR DEF 14A, CIK 763744 | $10.1M | $59K | 170:1 | 2025 |
| Huntington Ingalls Industries, Inc.SEC EDGAR DEF 14A, CIK 1501585 | $14.1M | $84K | 168:1 | 2023 |
| Oshkosh CorpSEC EDGAR DEF 14A, CIK 775158 | - | - | 166:1 | 2025 |
| Commercial Vehicle Group, Inc.SEC EDGAR DEF 14A, CIK 1290900 | $3.9M | $24K | 165:1 | 2025 |
| WABASH NATIONAL CorpSEC EDGAR DEF 14A, CIK 879526 | $7.6M | $47K | 164:1 | 2023 |
| Lci IndustriesSEC EDGAR DEF 14A, CIK 763744 | $8.6M | $53K | 164:1 | 2023 |
| Horizon Global CorpSEC EDGAR DEF 14A, CIK 1637655 | $2.4M | $15K | 162:1 | 2021 |
| Huntington Ingalls Industries, Inc.SEC EDGAR DEF 14A, CIK 1501585 | $13.8M | $86K | 161:1 | 2025 |
| Atmus Filtration Technologies Inc.SEC EDGAR DEF 14A, CIK 1921963 | - | - | 153:1 | 2025 |
| Patrick Industries IncSEC EDGAR DEF 14A, CIK 76605 | $6.8M | $47K | 144:1 | 2023 |
| Blue Bird CorpSEC EDGAR DEF 14A, CIK 1589526 | $10.0M | $74K | 135:1 | 2025 |
| Triumph Group IncSEC EDGAR DEF 14A, CIK 1021162 | $5.6M | $42K | 133:1 | 2023 |
| DANA IncSEC EDGAR DEF 14A, CIK 26780 | $6.1M | $47K | 128:1 | 2025 |
| Fox Factory Holding CorpSEC EDGAR DEF 14A, CIK 1424929 | $6.0M | $50K | 122:1 | 2023 |
| Federal Signal Corp /de/SEC EDGAR DEF 14A, CIK 277509 | $8.4M | $73K | 115:1 | 2025 |
| Winnebago Industries IncSEC EDGAR DEF 14A, CIK 107687 | - | - | 112:1 | 2024 |
| StandardAero, Inc.SEC EDGAR DEF 14A, CIK 2025410 | $7.8M | $70K | 111:1 | 2025 |
| Malibu Boats, Inc.SEC EDGAR DEF 14A, CIK 1590976 | $4.2M | $38K | 110:1 | 2024 |
| Federal Signal Corp /de/SEC EDGAR DEF 14A, CIK 277509 | $6.9M | $67K | 103:1 | 2023 |
| Stoneridge IncSEC EDGAR DEF 14A, CIK 1043337 | - | - | 103:1 | 2025 |
| WABASH NATIONAL CorpSEC EDGAR DEF 14A, CIK 879526 | $5.7M | $59K | 98:1 | 2025 |
| Winnebago Industries IncSEC EDGAR DEF 14A, CIK 107687 | - | - | 97:1 | 2023 |
| REV Group, Inc.SEC EDGAR DEF 14A, CIK 1687221 | $5.9M | $61K | 96:1 | 2023 |
| Allison Transmission Holdings IncSEC EDGAR DEF 14A, CIK 1411207 | $10.3M | $108K | 96:1 | 2023 |
| Blue Bird CorpSEC EDGAR DEF 14A, CIK 1589526 | $4.9M | $56K | 88:1 | 2023 |
| Rocket Lab CorpSEC EDGAR DEF 14A, CIK 1819994 | $6.9M | $78K | 88:1 | 2025 |
| Stoneridge IncSEC EDGAR DEF 14A, CIK 1043337 | $1.0M | $12K | 85:1 | 2023 |
| Allison Transmission Holdings IncSEC EDGAR DEF 14A, CIK 1411207 | $8.0M | $100K | 81:1 | 2025 |
| REV Group, Inc.SEC EDGAR DEF 14A, CIK 1687221 | $5.2M | $64K | 80:1 | 2024 |
| Miller Industries Inc /tn/SEC EDGAR DEF 14A, CIK 924822 | - | - | 79:1 | 2025 |
| Loar Holdings Inc.SEC EDGAR DEF 14A, CIK 2000178 | $3.9M | $50K | 78:1 | 2025 |
| Fisker Inc./DESEC EDGAR DEF 14A, CIK 1720990 | $783K | $117K | 67:1 | 2022 |
| Lucid Group, Inc.SEC EDGAR DEF 14A, CIK 1811210 | $9.7M | $147K | 66:1 | 2025 |
| Nikola CorpSEC EDGAR DEF 14A, CIK 1731289 | $8.8M | $137K | 64:1 | 2023 |
| Proterra IncSEC EDGAR DEF 14A, CIK 1820630 | $4.7M | $81K | 58:1 | 2022 |
| Miller Industries Inc /tn/SEC EDGAR DEF 14A, CIK 924822 | - | - | 57:1 | 2023 |
| KAMAN CorpSEC EDGAR DEF 14A, CIK 54381 | $3.5M | $63K | 56:1 | 2022 |
| Lucid Group, Inc.SEC EDGAR DEF 14A, CIK 1811210 | $6.8M | $137K | 50:1 | 2023 |
| Astronics CorpSEC EDGAR DEF 14A, CIK 8063 | - | - | 49:1 | 2025 |
| Workhorse Group Inc.SEC EDGAR DEF 14A, CIK 1425287 | $3.4M | $73K | 46:1 | 2023 |
| Archer Aviation Inc.SEC EDGAR DEF 14A, CIK 1824502 | $750K | $265K | 43:1 | 2025 |
| Astronics CorpSEC EDGAR DEF 14A, CIK 8063 | - | - | 42:1 | 2023 |
| Joby Aviation, Inc.SEC EDGAR DEF 14A, CIK 1819848 | $172K | $172K | 24:1 | 2023 |
| Joby Aviation, Inc.SEC EDGAR DEF 14A, CIK 1819848 | $177K | $177K | 21:1 | 2025 |
| Rocket Lab CorpSEC EDGAR DEF 14A, CIK 1819994 | $933K | $62K | 15:1 | 2023 |
| Malibu Boats, Inc.SEC EDGAR DEF 14A, CIK 1590976 | $6.4M | $491K | 13:1 | 2023 |
| Ideanomics, Inc.SEC EDGAR DEF 14A, CIK 837852 | $810K | $81K | 10:1 | 2022 |
| Luminar Technologies, Inc./DESEC EDGAR DEF 14A, CIK 1758057 | $734K | $192K | 8:1 | 2023 |
| Rivian Automotive, Inc. / DESEC EDGAR DEF 14A, CIK 1874178 | $168K | $168K | 7:1 | 2023 |
| Park Aerospace CorpSEC EDGAR DEF 14A, CIK 76267 | $366K | $52K | 7:1 | 2023 |
| Marine Products Group, LLCSEC EDGAR DEF 14A, CIK 1129155 | $211K | $35K | 6:1 | 2023 |
| Park Aerospace CorpSEC EDGAR DEF 14A, CIK 76267 | $303K | $61K | 5:1 | 2025 |
| Dorman Products, Inc.SEC EDGAR DEF 14A, CIK 868780 | $215K | $54K | 4:1 | 2025 |
| Dorman Products, Inc.SEC EDGAR DEF 14A, CIK 868780 | $137K | $46K | 3:1 | 2023 |
| AeroVironment IncSEC EDGAR DEF 14A, CIK 1368622 | $339K | $113K | 3:1 | 2023 |
| Aeva Technologies, Inc.SEC EDGAR DEF 14A, CIK 1789029 | $214K | $214K | 3:1 | 2022 |
| Rivian Automotive, Inc. / DESEC EDGAR DEF 14A, CIK 1874178 | $90K | $90K | 1:1 | 2025 |
| AeroVironment IncSEC EDGAR DEF 14A, CIK 1368622 | $114K | $114K | 1:1 | 2024 |
Data Source: This data is sourced from SEC EDGAR proxy statement (DEF 14A) filings. PlainCEOPay provides this publicly available information for informational purposes only. Not investment or financial advice. Verify with SEC EDGAR →
Frequently Asked Questions
What's the typical pay ratio in Transportation Equipment? ▼
The median CEO pay ratio in Transportation Equipment is 165:1, meaning the typical CEO earns 165 times more than the median employee. The average across 39 companies is 265:1.
How much do Transportation Equipment CEOs earn? ▼
Median CEO compensation in Transportation Equipment is $9.7M, with an average of $10.0M. The 25th percentile CEO earns around $5.5M and the 75th percentile around $13.1M.
How many companies report CEO pay in Transportation Equipment? ▼
39 companies in the Transportation Equipment sector (SIC code 37) filed CEO-to-worker pay ratio disclosures with the SEC in FY2025, as required by the Dodd-Frank Wall Street Reform Act.
Where does this Transportation Equipment pay data come from? ▼
All executive compensation data is sourced from SEC EDGAR DEF 14A proxy statement filings. The Dodd-Frank Act requires publicly traded companies to disclose CEO-to-median-worker pay ratios annually. PlainCEOPay aggregates and benchmarks this data by 2-digit SIC industry code.
Why is the average pay ratio much higher than the median in Transportation Equipment? ▼
The average pay ratio of 265:1 is significantly higher than the median of 165:1 because a few companies with extremely high CEO pay pull the average up. The median is a more representative measure of the typical company in this industry.
Read our methodology - how this data is sourced, computed, and verified.
Related
Data sourced from SEC EDGAR filings (DEF 14A proxy statements). See our methodology for details. Retrieved and formatted by PlainCEOPay
Every figure on PlainCEOPay is rendered directly from SEC EDGAR executive compensation filings, no number is typed in by an editor. Industry benchmarks are computed directly from SEC EDGAR filings, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.