Customer concentration
10-K · 20-F≥10% of revenueas of Oct 28 '26
174 companies name one customer at 10% of revenue or more; 35 at 50% or more.
- Companies
- 174
- one customer ≥10%
- Majority
- 35
- one customer ≥50%
- Walmart Inc.
- 14
- companies at ≥10%
- Ties
- 261
- named customers ≥10%
Ranking
share of revenue#CompanyCustomerShare of revenuePeriodSource
1ACETAdicet Bio, Inc.ACET →Regeneron Pharmaceuticals, Inc.REGN100.00%—10-K · Mar 12 '26Adicet Bio, Inc. · 10-K · Mar 12 '26
All of our revenue to date has been generated from the Regeneron Agreement, which is a collaboration and license agreement.
2FEBOFenbo Holdings LtdFEBO →Spectrum Brands Holdings, Inc.SPB100.00%—20-F · May 15 '26Fenbo Holdings Ltd · 20-F · May 15 '26
sole customer is Spectrum Brands Holdings, Inc. ("Spectrum Brands") for whom we manufacture hair care electric appliance styling products under the Remington brand, which is owned by Spectrum Brands.
3GOSSGossamer Bio, Inc.GOSS →Chiesi100.00%—10-K · Mar 17 '26Gossamer Bio, Inc. · 10-K · Mar 17 '26
To date, we have generated all of our revenue from the Chiesi Collaboration Agreement.
4HYLNHyliion Holdings Corp.HYLN →ONR100.00%—10-K · Feb 25 '26Hyliion Holdings Corp. · 10-K · Feb 25 '26
Our contracts with ONR are currently the only source of revenue for us.
5INOInovio Pharmaceuticals, Inc.INO →ApolloBio Corporation100.00%—10-K · Mar 12 '26Inovio Pharmaceuticals, Inc. · 10-K · Mar 12 '26
All revenue was derived under the collaborative arrangement with ApolloBio for the years ended December 31, 2025 and 2024 .
6RUBIRubico Inc.RUBI →Clearlake Shipping Pte Ltd100.00%FY202520-F · Mar 23 '26Rubico Inc. · 20-F · Mar 23 '26
During 2025, 100% of our revenues derived from one charterer, Clearlake Shipping Pte Ltd ("Clearlake"), which is the charterer of both of our vessels
7LPGDorian LPG Ltd.LPG →Helios Pool99.00%FY202610-K · May 27 '26Dorian LPG Ltd. · 10-K · May 27 '26
For the year ended March 31, 2026, the Helios Pool accounted for 99% of our total revenues.
8SAICScience Applications International CorpSAIC →the U.S. government98.00%FY202610-K · Mar 16 '26Science Applications International Corp · 10-K · Mar 16 '26
In fiscal 2026, we generated 98% of our revenues from contracts with the U.S. government, including subcontracts on which we perform.
9LKFTLakefront Biotherapeutics NVLKFT →Gilead Sciences, Inc.GILD97.00%FY202520-F · Mar 26 '26Lakefront Biotherapeutics NV · 20-F · Mar 26 '26
The revenues from our collaboration partner Gilead represented 97 % of our total net revenues from continuing operations in 2025 ( 87 % in 2024, nearly 100 % in 2023). The remaining 3 % of the net revenues in 2025 ( 13 % in 2024) consisted of supply revenues of Jyseleca® products to Alfasigma (Italy).
10CACICaci International IncCACI →Federal government95.60%FY202610-K · Aug 6 '26Caci International Inc · 10-K · Aug 6 '26
The federal government is our primary customer, with revenues from federal government contracts, either as a prime contractor or a subcontractor, accounting for 95.6% and 95.7% of our total revenues in fiscal 2026 and 2025, respectively.
11CRUSCirrus Logic, Inc.CRUS →Apple Inc.AAPL91.00%FY202610-K · May 21 '26Cirrus Logic, Inc. · 10-K · May 21 '26
For fiscal years 2026, 2025, and 2024, we had one end customer, Apple Inc., who purchased through multiple contract manufacturers and represented approximately 91 percent, 89 percent, and 87 percent, of the Company's total net sales, respectively.
12VIOTViomi Technology Co., LtdVIOT →Xiaomi90.00%FY202520-F · Apr 22 '26Viomi Technology Co., Ltd · 20-F · Apr 22 '26
Xiaomi 1,292,880 79 % 1,752,246 83 % 2,174,895 90 %
13VOYGVoyager Technologies, Inc.VOYG →U.S. government86.00%—10-K · Mar 10 '26Voyager Technologies, Inc. · 10-K · Mar 10 '26
During the years ended December 31, 2025 and 2024, approximately 86.0% and 83.9%, respectively, of our revenues were derived from contracts with the U.S. government and its agencies or from subcontracts with other U.S. government contractors.
14SYMSymbotic Inc.SYM →WalmartWMT85.00%FY202510-K · Nov 24 '25Symbotic Inc. · 10-K · Nov 24 '25
Walmart, our largest customer, accounted for approximately 85% of our total revenue in the fiscal year ended September 27, 2025 and for a significant majority of our $22.5 billion backlog as of September 27, 2025.
15ETONEton Pharmaceuticals, Inc.ETON →AnovoRx84.60%FY202510-K · Mar 19 '26Eton Pharmaceuticals, Inc. · 10-K · Mar 19 '26
For the years ended December 31, 2025, 2024 and 2023 , AnovoRx product sales represented 84.6 %, 93.6 % and 78.2 % of net revenues, respectively.
16NOCNorthrop Grumman CorpNOC →U.S. Government84.00%FY202510-K · Jan 27 '26Northrop Grumman Corp · 10-K · Jan 27 '26
Sales to the U.S. government accounted for 84 percent, 87 percent and 86 percent of sales during the years ended December 31, 2025, 2024 and 2023, respectively.
17AMTMAmentum Holdings, Inc.AMTM →U.S. federal government81.00%FY202510-K · Nov 25 '25Amentum Holdings, Inc. · 10-K · Nov 25 '25
The U.S. federal government represented 81% of our revenues for the year ended October 3, 2025 ("fiscal year 2025").
18DRSLeonardo DRS, Inc.DRS →U.S. government80.00%FY202510-K · Feb 27 '26Leonardo DRS, Inc. · 10-K · Feb 27 '26
Revenues derived directly or indirectly from contracts with the U.S. government represented approximately 80%, 79% and 80% of our total revenues for the years ended December 31, 2025, 2024, and 2023, respectively, with revenues principally derived directly or indirectly from contracts with the U.S. Navy and U.S. Army, which represented 36% and 36%, respectively, of our total revenues for the year ended December 31, 2025.
19WYYWidepoint CorpWYY →Department of Homeland Security77.00%FY202510-K · Mar 25 '26Widepoint Corp · 10-K · Mar 25 '26
During 2025 and 2024 approximately 77% and 79%, respectively, of our revenues were from the Department of Homeland Security for Cellular Wireless Managed Services (CWMS) 2.0 ID/IQ Contract (DHS CWMS 2.0 IDIQ).
20AQSTAquestive Therapeutics, Inc.AQST →IndiviorINDV73.00%FY202510-K · Mar 4 '26Aquestive Therapeutics, Inc. · 10-K · Mar 4 '26
Indivior accounted for approximately 73% and 62% of our revenues for 2025 and 2024, respectively, and we believe in the future will continue to account for a substantial part of our revenues.
21RCATRed Cat Holdings, Inc.RCAT →U.S. Government73.00%FY202510-K · Mar 19 '26Red Cat Holdings, Inc. · 10-K · Mar 19 '26
In fiscal year 2025, we generated approximately 73% of our total revenues from contracts with the U.S. Government.
22LMTLockheed Martin CorpLMT →U.S. Government72.00%FY202510-K · Jan 29 '26Lockheed Martin Corp · 10-K · Jan 29 '26
We derived 72% of our total consolidated sales from the U.S. Government in 2025, including 63% from the Department of War (DoW), also known as the Department of Defense under 10 U.S.C. § 111(a).
23MWYNMarwynn Holdings, Inc.MWYN →Golden Honest Trading Limited71.00%FY202610-K · Jul 30 '26Marwynn Holdings, Inc. · 10-K · Jul 30 '26
For the fiscal year ended April 30, 2026, EcoLoopX sold waste recycled copper materials to Golden Honest Trading Limited, which sales accounted for approximately 71% of our total revenue.
24CIFRCipher Digital Inc.CIFR →Foundry USA Pool70.00%FY202510-K · Feb 24 '26Cipher Digital Inc. · 10-K · Feb 24 '26
During the year ended December 31, 2025, the Company earned revenue of $ 157.0 million from pool operator Foundry USA Pool ("Foundry"), representing 70 % of total consolidated revenue.
25GDGeneral Dynamics CorpGD →U.S. Government68.00%FY202510-K · Jan 30 '26General Dynamics Corp · 10-K · Jan 30 '26
In 2025, 68% of our consolidated revenue was from the U.S. government, 15% was from U.S. commercial customers, 8% was from non-U.S. government customers and the remaining 9% was from non-U.S. commercial customers.
All 261
26CRWVCoreWeave, Inc.CRWV →MicrosoftMSFT67.00%FY202510-K · Mar 2 '26CoreWeave, Inc. · 10-K · Mar 2 '26
We recognized an aggregate of approximately 67% of our revenue from our top customer, Microsoft, for the year ended December 31, 2025.
27CLIRClearSign Technologies CorpCLIR →Birwelco66.00%FY202510-K · Mar 31 '26ClearSign Technologies Corp · 10-K · Mar 31 '26
Our two California refinery customers accounted for 15% and 86% of our annual revenue for the years ended December 31, 2025 and 2024, respectively, with Birwelco accounting for 66% and 0% of our annual revenue for years ended December 31, 2025 and 2024, respectively.
28RCONRecon Technology, LtdRCON →China National Petroleum Corporation ("CNPC")65.00%FY202620-F · Sep 30 '26Recon Technology, Ltd · 20-F · Sep 30 '26
CNPC accounted for approximately 65%, 44% and 48% of our revenue in the fiscal years ended June 30, 2026, 2025 and 2024, respectively, and any termination of our business relationships with CNPC would materially harm our operations.
29GSITGSI Technology IncGSIT →Avnet LogisticsAVTdistributor63.70%FY202610-K · Jun 5 '26GSI Technology Inc · 10-K · Jun 5 '26
For example, in fiscal 2026, 2025 and 2024, our largest distributor Avnet Logistics accounted for 63.7%, 49.6% and 50.6%, respectively, of our net revenues.
30LMTLockheed Martin CorpLMT →Department of War63.00%FY202510-K · Jan 29 '26Lockheed Martin Corp · 10-K · Jan 29 '26
We derived 72% of our total consolidated sales from the U.S. Government in 2025, including 63% from the Department of War (DoW), also known as the Department of Defense under 10 U.S.C. § 111(a).
31ASPNAspen Aerogels IncASPN →General Motors LLCGM59.00%FY202510-K · Mar 13 '26Aspen Aerogels Inc · 10-K · Mar 13 '26
In 2025, sales to GM and Distribution International, Inc. (Distribution) represented 59% and 9% of our total revenue, respectively.
32TLSTelos CorpTLS →DoW58.10%FY202510-K · Mar 16 '26Telos Corp · 10-K · Mar 16 '26
In fiscal year ("FY") 2025, we generated approximately 91.0% of our revenues from the U.S. federal government, either as prime contractor or a subcontractor to other contractors engaged in work for the U.S. federal government, including 58.1% of our revenue from the DoW.
33OMSEOMS Energy Technologies Inc.OMSE →Saudi ARAMCO57.00%FY202620-F · Jun 25 '26OMS Energy Technologies Inc. · 20-F · Jun 25 '26
For the year ended March 31, 2026, Saudi ARAMCO accounted for 57% of our total revenue
34EPSNEpsilon Energy Ltd.EPSN →ARM Energy55.00%—10-K · Mar 27 '26Epsilon Energy Ltd. · 10-K · Mar 27 '26
For the year ended December 31, 2025, three purchasers each accounted for 10 % or more of our total revenue: ARM Energy ( 55 %) and Ares Energy ( 20 %) from the upstream segment and Williams ( 17 %) from the gas gathering segment.
35SAICScience Applications International CorpSAIC →Department of War52.00%—10-K · Mar 16 '26Science Applications International Corp · 10-K · Mar 16 '26
In fiscal 2026, 2025 and 2024, approximately 52% of our total revenues were attributable to the "Department of War", while 46% were attributable to "Intelligence and other federal government agencies" and the remainder attributable to "Commercial, state and local governments and international" customers.
36PSNParsons CorpPSN →United States federal government51.00%FY202510-K · Feb 11 '26Parsons Corp · 10-K · Feb 11 '26
Approximately 51%, 59%, and 55% of consolidated revenues for the years ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively were derived from contracts with the United States federal government.
37ANIKAnika Therapeutics, Inc.ANIK →Johnson & Johnson MedTechJNJ50.00%FY202510-K · Mar 3 '26Anika Therapeutics, Inc. · 10-K · Mar 3 '26
In 2025, J&J MedTech accounted for 50% of our revenue.
38DLHCDLH Holdings Corp.DLHC →Department of Health and Human Services49.80%FY202510-K · Dec 10 '25DLH Holdings Corp. · 10-K · Dec 10 '25
Department of Health and Human Services $ 171,717 49.8 % $ 184,544 46.6 %
39TRSGTungray Technologies IncTRSG →HP Inc.HPQ48.80%FY202520-F · Apr 23 '26Tungray Technologies Inc · 20-F · Apr 23 '26
Our top 2 customers, HP Group and Goertek, Inc, accounted for 48.8% and 5.0% of revenues for the fiscal year ended December 31, 2025, respectively, and the amount due from these customers included in accounts receivable represented 16.4% and 16.5% of total accounts receivable as of December 31, 2025, respectively.
40PNTGPennant Group, Inc.PNTG →Medicare program48.40%FY202510-K · Feb 26 '26Pennant Group, Inc. · 10-K · Feb 26 '26
We derived 48.4% of our revenue from the Medicare program for the year ended December 31, 2025, which is typical for our business.
41MQMarqeta, Inc.MQ →Block, Inc.45.00%FY202510-K · Feb 24 '26Marqeta, Inc. · 10-K · Feb 24 '26
We generated 45% and 47% of our net revenue from our largest customer, Block, during the years ended December 31, 2025 and 2024, respectively.
42RAREUltragenyx Pharmaceutical Inc.RARE →Kyowa Kirin Co., Ltd.45.00%FY202510-K · Feb 18 '26Ultragenyx Pharmaceutical Inc. · 10-K · Feb 18 '26
For the year ended December 31, 2025, 45% of our total revenues were generated by our collaboration partner KKC.
43DCHDauch CorpDCH →General Motors CompanyGM44.00%FY202510-K · Feb 13 '26Dauch Corp · 10-K · Feb 13 '26
Sales to GM were approximately 44% of our consolidated net sales in 2025, 42% in 2024, and 39% in 2023.
44LFCRLifecore Biomedical, Inc.LFCR →Alcon Research, LLC44.00%FY202510-K · Aug 7 '25Lifecore Biomedical, Inc. · 10-K · Aug 7 '25
Alcon has been and continues to be one of the Company's largest customers, comprising 44 % and 39 % of its revenues for the fiscal years ended May 25, 2025 and May 26, 2024, respectively.
45QUIKQuicklogic CorpQUIK →U.S. Government44.00%FY202510-K · Mar 27 '26Quicklogic Corp · 10-K · Mar 27 '26
Sales under contracts with the U.S. Government, including sales under contracts with the U.S. Department of Defense, as prime contractor or subcontractor, represented 44% of our total net sales from continuing operations in 2025.
46ICFIICF International, Inc.ICFI →U.S. federal government departments and agencies43.00%FY202510-K · Feb 27 '26ICF International, Inc. · 10-K · Feb 27 '26
Federal government clients generated approximately 43%, 54%, and 55% of our revenue in 2025, 2024, and 2023, respectively.
47SKYTSkyWater Technology, IncSKYT →Infineon43.00%FY202510-K · Mar 11 '26SkyWater Technology, Inc · 10-K · Mar 11 '26
Infineon accounted for 43% and 7% of our revenue for fiscal years ended December 28, 2025 and December 29, 2024, respectively.
48ASPSAltisource Portfolio Solutions S.A.ASPS →Onity42.00%FY202510-K · Mar 4 '26Altisource Portfolio Solutions S.A. · 10-K · Mar 4 '26
During the year ended December 31, 2025, Onity was our largest customer, accounting for 42% of our total revenue.
49MSNEmerson Radio CorpMSN →Amazon.com Inc.AMZN42.00%FY202610-K · Jun 26 '26Emerson Radio Corp · 10-K · Jun 26 '26
Amazon.com Inc. ("Amazon") accounted for approximately 42% and Fred Meyer Inc. ("Fred Meyer") accounted for approximately 13% of the Company's net revenues.
50RIGLRigel Pharmaceuticals IncRIGL →McKesson Corporation42.00%FY202510-K · Mar 3 '26Rigel Pharmaceuticals Inc · 10-K · Mar 3 '26
McKesson Corporation 42% 45%
51JBSSSanfilippo John B & SON IncJBSS →Walmart Inc.WMT41.00%FY202610-K · Aug 19 '26Sanfilippo John B & SON Inc · 10-K · Aug 19 '26
Net sales to Walmart Inc. accounted for approximately 41% of our net sales for fiscal 2026, 40% of our net sales for fiscal 2025 and 39% of our net sales for fiscal 2024.
52UHTUniversal Health Realty Income TrustUHT →UHSUHS40.00%—10-K · Feb 25 '26Universal Health Realty Income Trust · 10-K · Feb 25 '26
• A substantial portion of our revenues are dependent upon one operator, UHS, which comprised approximately 40%, 40% and 41% of our consolidated revenues for the years ended December 31, 2025, 2024 and 2023, respectively.
53EAElectronic Arts Inc.EA →SonySONY39.00%FY202610-K · May 11 '26Electronic Arts Inc. · 10-K · May 11 '26
In fiscal year 2026, our direct sales to Sony and Microsoft represented approximately 39 percent and 16 percent of total net revenue, respectively.
54HNSTHonest Company, Inc.HNST →AmazonAMZN39.00%FY202510-K · Feb 25 '26Honest Company, Inc. · 10-K · Feb 25 '26
In 2025, our three largest retailers, Amazon, Target and Walmart accounted for approximately 39%, 28% and 8% of our total revenue, respectively.
55INLXIntellinetics, Inc.INLX →State of Michigan39.00%FY202510-K · Mar 30 '26Intellinetics, Inc. · 10-K · Mar 30 '26
During the years ended December 31, 2025 and 2024, our largest customer, the State of Michigan, accounted for 39 % and 40 %, respectively, of our total revenues for each period.
56SLQTSelectQuote, Inc.SLQT →United Healthcare ("UHC")UNH39.00%FY202610-K · Aug 25 '26SelectQuote, Inc. · 10-K · Aug 25 '26
For example, carriers and other entities owned by UHC, Humana, and Aetna, accounted for 39%, 13%, and 12%, respectively, of our total revenue for the year ended June 30, 2026, carriers and other entities owned by UHC, Aetna, and Humana accounted for 37%, 15%, and 11%, respectively, of our total revenue for the year ended June 30, 2025; and carriers and other entities owned by UHC, Humana and Aetna accounted for 30%, 17%, and 16%, respectively, of our total revenue for the year ended June 30, 2024.
57UTSIUtstarcom Holdings Corp.UTSI →Softbank37.00%FY202520-F · Apr 24 '26Utstarcom Holdings Corp. · 20-F · Apr 24 '26
In 2025, our net sales to Softbank totaled approximately $3.3 million, representing approximately 37% of our total net sales.
58DRSLeonardo DRS, Inc.DRS →U.S. Army36.00%FY202510-K · Feb 27 '26Leonardo DRS, Inc. · 10-K · Feb 27 '26
Revenues derived directly or indirectly from contracts with the U.S. government represented approximately 80%, 79% and 80% of our total revenues for the years ended December 31, 2025, 2024, and 2023, respectively, with revenues principally derived directly or indirectly from contracts with the U.S. Navy and U.S. Army, which represented 36% and 36%, respectively, of our total revenues for the year ended December 31, 2025.
59DRSLeonardo DRS, Inc.DRS →U.S. Navy36.00%FY202510-K · Feb 27 '26Leonardo DRS, Inc. · 10-K · Feb 27 '26
Revenues derived directly or indirectly from contracts with the U.S. government represented approximately 80%, 79% and 80% of our total revenues for the years ended December 31, 2025, 2024, and 2023, respectively, with revenues principally derived directly or indirectly from contracts with the U.S. Navy and U.S. Army, which represented 36% and 36%, respectively, of our total revenues for the year ended December 31, 2025.
60AIRTAir T IncAIRT →FedEx CorporationFDX35.00%FY202610-K · Jun 29 '26Air T Inc · 10-K · Jun 29 '26
35 % and 39 % of the Company's consolidated revenues were derived from services performed for FedEx by the Company's overnight air cargo segment during the fiscal years ended March 31, 2026 and 2025, respectively.
61NEONNeonode Inc.NEON →Seiko Epson34.30%FY202510-K · Mar 18 '26Neonode Inc. · 10-K · Mar 18 '26
Seiko Epson – 34.3%
62DLHCDLH Holdings Corp.DLHC →Department of Veterans Affairs33.80%FY202510-K · Dec 10 '25DLH Holdings Corp. · 10-K · Dec 10 '25
Department of Veterans Affairs 116,422 33.8 % 139,945 35.3 %
63PACSPACS Group, Inc.PACS →Medicare33.70%FY202510-K · Feb 27 '26PACS Group, Inc. · 10-K · Feb 27 '26
Medicare accounted for 33.7%, 33.8%, and 38.6% of total revenue for the years ended December 31, 2025, 2024, and 2023, respectively.
64HAYWHayward Holdings, Inc.HAYW →Pool CorporationPOOLdistributor33.00%FY202510-K · Feb 25 '26Hayward Holdings, Inc. · 10-K · Feb 25 '26
Most of our net sales are generated from sales to distributors, including our largest customer, Pool Corporation, which represented approximately 33% of our net sales in Fiscal Year 2025 and approximately 46% of our accounts receivable as of December 31, 2025.
65HNNAHennessy Advisors IncHNNA →Hennessy Cornerstone Mid Cap 30 Fund33.00%—10-K · Dec 3 '25Hennessy Advisors Inc · 10-K · Dec 3 '25
Consequently, our revenues followed a similar pattern of concentration: (a) the Hennessy Cornerstone Mid Cap 30 Fund (33% of total revenue); (b) the Hennessy Focus Fund (16% of total revenue); (c) the Hennessy Cornerstone Growth Fund (12% of total revenue); (d) the Hennessy Japan Fund (10% of total revenue); and (e) the Hennessy Gas Utility Fund (7% of total revenue).
66INRInfinity Natural Resources, Inc.INR →Marathon Oil Company33.00%FY202510-K · Mar 10 '26Infinity Natural Resources, Inc. · 10-K · Mar 10 '26
The table below summarizes the purchasers that accounted for 10% or more of our total net revenues for the periods presented: For the Year Ended December 31, 2025 2024 Marathon Oil Company 33 % 55 %
67ARLOArlo Technologies, Inc.ARLO →Verisure32.00%FY202510-K · Feb 27 '26Arlo Technologies, Inc. · 10-K · Feb 27 '26
For the year ended December 31, 2025, 32% of our total revenue was derived from Verisure.
68BDSXBiodesix IncBDSX →Medicare32.00%FY202510-K · Feb 26 '26Biodesix Inc · 10-K · Feb 26 '26
For the years ended December 31, 2025 and 2024, Medicare reimbursed 32% and 39%, respectively, of our total revenue to us.
69IPMIntelligent Protection Management Corp.IPM →NewtekOne, Inc.NEWT32.00%FY202510-K · Mar 17 '26Intelligent Protection Management Corp. · 10-K · Mar 17 '26
For the year ended December 31, 2025, Newtek, a related party, and its affiliates represented 32 % of total revenue.
70TENBTenable Holdings, Inc.TENB →Ingram Micro, Inc.distributor32.00%FY202510-K · Feb 27 '26Tenable Holdings, Inc. · 10-K · Feb 27 '26
Ingram Micro, one of our distributors, accounted for 32%, 34% and 36% of our revenue in 2025, 2024 and 2023, respectively, and 27% of our accounts receivable at December 31, 2025 and 29% at December 31, 2024.
71CASTFreeCast, Inc.CAST →Launch That31.70%—10-K · Sep 28 '26FreeCast, Inc. · 10-K · Sep 28 '26
As of June 30, 2026, we had three customers, Launch That, related party customer Celebrity Cigars, Inc., and Del Air, representing 31.7%, 30.2% and 19.4%, respectively, of our revenues.
72AMWLAmerican Well CorpAMWL →Elevance HealthELV31.00%FY202510-K · Feb 12 '26American Well Corp · 10-K · Feb 12 '26
• our limited number of significant clients (including our largest client by revenue, Elevance Health, which accounted for 24%, 27% and 31% of our revenue for the years ended December 31, 2023, 2024 and 2025, respectively) and the risk that we may lose their business;
73BGSB&G Foods, Inc.BGS →WalmartWMT31.00%FY202510-K · Mar 3 '26B&G Foods, Inc. · 10-K · Mar 3 '26
Our largest customer, Walmart, accounted for approximately 31.0% of our fiscal 2025 net sales, and our ten largest customers together accounted for approximately 63.6% of our fiscal 2025 net sales.
74FEEDENvue Medical, Inc.FEED →Ultra Pain Products Inc31.00%FY202510-K · Apr 15 '26ENvue Medical, Inc. · 10-K · Apr 15 '26
year ended December 31, 2025, our largest customer was Ultra Pain Products Inc, to whom our sales of products to them comprised approximately 31% of our total revenues.
75PCRXPacira BioSciences, Inc.PCRX →McKesson Drug CompanyMCKdistributor31.00%FY202510-K · Feb 26 '26Pacira BioSciences, Inc. · 10-K · Feb 26 '26
We had three wholesalers each comprising 10 percent or more of our total revenue for the year ended December 31, 2025: McKesson Drug Company, Cardinal Health, Inc. and AmerisourceBergen Health Corporation, which accounted for 31%, 26% and 22% of our total revenues, respectively.
76CASTFreeCast, Inc.CAST →Celebrity Cigars, Inc.30.20%—10-K · Sep 28 '26FreeCast, Inc. · 10-K · Sep 28 '26
As of June 30, 2026, we had three customers, Launch That, related party customer Celebrity Cigars, Inc., and Del Air, representing 31.7%, 30.2% and 19.4%, respectively, of our revenues.
77CAHCardinal Health IncCAH →CVS Health CorporationCVS30.00%FY202510-K · Aug 12 '25Cardinal Health Inc · 10-K · Aug 12 '25
Our largest customer, CVS Health, accounted for 30 percent of our fiscal 2025 revenue.
78CALMCal-Maine Foods IncCALM →Walmart Inc. (including Sam's Club)WMT30.00%FY202610-K · Jul 22 '26Cal-Maine Foods Inc · 10-K · Jul 22 '26
Our largest customer, Walmart Inc. (including Sam's Club) accounted for 30.0 %, 33.6 % and 34.0 % of net sales dollars for fiscal 2026, 2025, and 2024, respectively.
79NBRNabors Industries LtdNBR →Saudi Aramco30.00%FY202510-K · Feb 13 '26Nabors Industries Ltd · 10-K · Feb 13 '26
In 2025, 2024 and 2023, we received approximately 41%, 43% and 37%, respectively, of our consolidated operating revenues from our three largest contract drilling customers (including their affiliates), with our largest customer and partner in our SANAD joint venture, Saudi Aramco, representing 30%, 31% and 26% of our consolidated operating revenues, respectively, for these periods.
80PCYOPure Cycle CorpPCYO →Melody (DR Horton)DHI30.00%FY202510-K · Nov 12 '25Pure Cycle Corp · 10-K · Nov 12 '25
Melody (DR Horton) 30 % 19 %
81BKTIBK Technologies CorpBKTI →U.S. Government29.00%FY202510-K · Mar 12 '26BK Technologies Corp · 10-K · Mar 12 '26
Sales to the U.S. Government represented approximately 29% and 38% of our total sales for the years ended December 31, 2025 and 2024, respectively.
82EVTCEvertec, Inc.EVTC →Popular, Inc.BPOP29.00%FY202510-K · Mar 2 '26Evertec, Inc. · 10-K · Mar 2 '26
Popular continues to be the Company's largest customer and during the year ended December 31, 2025 approximately 29% of our revenues were generated from this relationship.
83HBBHamilton Beach Brands Holding CoHBB →Walmart Inc.WMT29.00%FY202510-K · Feb 25 '26Hamilton Beach Brands Holding Co · 10-K · Feb 25 '26
During fiscal 2025, Walmart and Amazon.com accounted for approximately 29% and 19% of our revenue, respectively.
84IRDMIridium Communications Inc.IRDM →U.S. government29.00%FY202510-K · Feb 12 '26Iridium Communications Inc. · 10-K · Feb 12 '26
The U.S. government, through a dedicated gateway owned and operated by the DoW, has been and continues to be, directly and indirectly, our largest customer, representing 29% and 28% of our revenue for the years ended December 31, 2025 and 2024, respectively.
85PRSOPeraso Inc.PRSO →UI Limited29.00%FY202510-K · Mar 30 '26Peraso Inc. · 10-K · Mar 30 '26
accounted for 10% or more of our net revenues, including UI Limited at 29% and F5/Flextronics, Tachyon and Alltek at 13% each and Ikeja at 12%
86SSTISoundThinking, Inc.SSTI →City of New York29.00%FY202510-K · Mar 30 '26SoundThinking, Inc. · 10-K · Mar 30 '26
As a result, the significance of our largest customer by revenue, the City of New York, increased from 23% of our revenue for 2024 to 29% of our revenue for 2025.
87BZFDBuzzFeed, Inc.BZFD →AmazonAMZN28.00%FY202510-K · Mar 16 '26BuzzFeed, Inc. · 10-K · Mar 16 '26
For the year ended December 31, 2025, approximately 28% of our revenue was derived from Amazon, primarily from affiliate commerce transactions.
88CMTCore Molding Technologies IncCMT →International Motors, LLC28.00%FY202510-K · Mar 10 '26Core Molding Technologies Inc · 10-K · Mar 10 '26
International 28% 22% 20% No N/A
89HNSTHonest Company, Inc.HNST →TargetTGT28.00%FY202510-K · Feb 25 '26Honest Company, Inc. · 10-K · Feb 25 '26
In 2025, our three largest retailers, Amazon, Target and Walmart accounted for approximately 39%, 28% and 8% of our total revenue, respectively.
90CRSRCorsair Gaming, Inc.CRSR →AmazonAMZN27.40%FY202510-K · Feb 25 '26Corsair Gaming, Inc. · 10-K · Feb 25 '26
In 2025, 2024 and 2023, e-retailer Amazon accounted for more than 10% of our net revenue, at 27.4%, 30.9%, and 30.7%, respectively.
91ISPRIspire Technology Inc.ISPR →Your-Buyer International Limiteddistributor27.30%—10-K · Sep 15 '26Ispire Technology Inc. · 10-K · Sep 15 '26
Our largest distributor, whose territory was the United Kingdom and France, is Your-Buyer International Limited, which accounted for revenue of approximately $32.7 million, or 25.7% of revenue and approximately $26.2 million, or 27.3% of revenue for the years ended June 30, 2025 and 2026, respectively.
92BETABETA Technologies, Inc.BETA →U.S. government27.00%FY202510-K · Mar 9 '26BETA Technologies, Inc. · 10-K · Mar 9 '26
For the year ended December 31, 2025, the U.S. government and United Therapeutics constituted 27% and 16% of total revenues, respectively.
93SMHISEACOR Marine Holdings Inc.SMHI →Azule Energy Angola S.p.A.27.00%FY202510-K · Feb 25 '26SEACOR Marine Holdings Inc. · 10-K · Feb 25 '26
Azule, ExxonMobil and SEACOR Marine Arabia were responsible for 27%, 17% and 14%, respectively, of the Company's consolidated operating revenues in 2025.
94ULBIUltralife CorpULBI →L3Harris TechnologiesLHX27.00%FY202510-K · Mar 23 '26Ultralife Corp · 10-K · Mar 23 '26
We have one customer, L3Harris Technologies, a large global defense primary contractor, which comprised 27% of our total revenues in 2025 and 23% of our total revenues in 2024.
95CIXCompx International IncCIX →United States Postal Service26.00%FY202510-K · Mar 4 '26Compx International Inc · 10-K · Mar 4 '26
We sell to a diverse customer base with only one customer representing 10% or more of our consolidated net sales in 2025 (United States Postal Service representing 26%).
96FRPHFRP Holdings, Inc.FRPH →Vulcan Materials CompanyVMC26.00%FY202510-K · Apr 15 '26FRP Holdings, Inc. · 10-K · Apr 15 '26
In the Mining Royalty Lands Segment, we have a total of five tenants currently leasing our mining locations, one of which, Vulcan Materials Company ("Vulcan" or "Vulcan Materials"), accounted for 26% of the Company's consolidated revenues in 2025.
97PCRXPacira BioSciences, Inc.PCRX →Cardinal Health, Inc.CAHdistributor26.00%FY202510-K · Feb 26 '26Pacira BioSciences, Inc. · 10-K · Feb 26 '26
We had three wholesalers each comprising 10 percent or more of our total revenue for the year ended December 31, 2025: McKesson Drug Company, Cardinal Health, Inc. and AmerisourceBergen Health Corporation, which accounted for 31%, 26% and 22% of our total revenues, respectively.
98SFLSFL Corp Ltd.SFL →Maersk26.00%—20-F · Mar 16 '26SFL Corp Ltd. · 20-F · Mar 16 '26
15 container vessels on time charters to Maersk accounted for 26 % of our consolidated operating revenues ( December 31, 2024 : 23 % , 14 container vessels).
99TASKTaskUs, Inc.TASK →MetaMETA26.00%FY202510-K · Mar 5 '26TaskUs, Inc. · 10-K · Mar 5 '26
Our largest client, Meta, generated 26% of our revenue for the fiscal year ended December 31, 2025 .
100DOXAmdocs LtdDOX →AT&T25.90%FY202520-F · Dec 15 '25Amdocs Ltd · 20-F · Dec 15 '25
AT&T accounted for 25.9% and 24.5% of our revenue in fiscal years 2025 and 2024, respectively.
101EVHEvolent Health, Inc.EVH →Molina Healthcare, Inc.MOH25.70%FY202510-K · Feb 25 '26Evolent Health, Inc. · 10-K · Feb 25 '26
Molina Healthcare, Inc. 25.7% 13.7% 13.5%
102APPNAppian CorpAPPN →U.S. federal government agencies25.30%—10-K · Feb 19 '26Appian Corp · 10-K · Feb 19 '26
For example, during the years ended December 31, 2025, 2024, and 2023, revenue from U.S. federal government agencies represented 25.3%, 23.9%, and 21.3% of our total revenue, respectively, and the top three U.S. federal government customers generated 3.9%, 4.0%, and 4.2% of our total revenue for the years ended December 31, 2025, 2024, and 2023, respectively.
103AVAVAeroVironment IncAVAV →U.S. Army25.00%FY202610-K · Jun 29 '26AeroVironment Inc · 10-K · Jun 29 '26
During our fiscal year ended April 30, 2026, we generated approximately 25% of our revenue from the U.S. Army pursuant to orders placed under contract by the U.S. Army on behalf of itself as well as for several other organizations within the U.S. DoD.
104SITMSitime CorpSITM →Pernas Electronics Co., Ltd. ("Pernas")25.00%FY202510-K · Feb 11 '26Sitime Corp · 10-K · Feb 11 '26
Pernas Electronics Co. Ltd. 25% 24% 20%
105UTSIUtstarcom Holdings Corp.UTSI →Bharat Sanchar Nigam Ltd25.00%FY202520-F · Apr 24 '26Utstarcom Holdings Corp. · 20-F · Apr 24 '26
In 2025, our net sales to BSNL totaled approximately $2.2 million, representing approximately 25% of our total net sales.
106PUMPProPetro Holding Corp.PUMP →Exxon Mobil CorporationXOM24.90%FY202510-K · Feb 19 '26ProPetro Holding Corp. · 10-K · Feb 19 '26
For the year ended December 31, 2025, Exxon Mobil Corporation ("ExxonMobil"), Occidental Petroleum Corporation, EOG Resources, Inc. and Permian Resources Corporation accounted for 24.9%, 13.7%, 12.1%, and 11.2%, respectively, of total revenue.
107UFPTUFP Technologies IncUFPT →Intuitive Surgical SARLISRG24.30%—10-K · Feb 27 '26UFP Technologies Inc · 10-K · Feb 27 '26
Two customers (Intuitive Surgical SARL and Stryker) comprised approximately 24.3% and 21.5%, respectively, of our net sales for the year ended December 31, 2025; two customers (Intuitive Surgical SARL and Stryker) comprised approximately 29.2% and 15.4%, respectively, of our net sales for the year ended December 31, 2024; one customer comprised approximately 28.1% of our net sales for the year ended December 31, 2023.
108PLUGPlug Power IncPLUG →Walmart, Inc. ("Walmart")WMT24.20%FY202510-K · Mar 2 '26Plug Power Inc · 10-K · Mar 2 '26
For the year ended December 31, 2025, Walmart, Inc. ("Walmart"), accounted for 24.2% of our total consolidated revenues, which included a provision for warrant charge of $29.2 million.
109IRTCiRhythm Holdings, Inc.IRTC →the Medicare program through CMS24.00%FY202510-K · Feb 19 '26iRhythm Holdings, Inc. · 10-K · Feb 19 '26
During the year ended December 31, 2025, we received approximately 24% of our total revenue from the Medicare program through CMS.
110PPSIPioneer Power Solutions, Inc.PPSI →Eneridge, Inc.24.00%FY202510-K · Apr 8 '26Pioneer Power Solutions, Inc. · 10-K · Apr 8 '26
Approximately 24% and 13% of our sales during the year ended December 31, 2025, were made to Eneridge, Inc. and SparkCharge, respectively.
111TCMDTactile Systems Technology IncTCMD →Medicare24.00%FY202510-K · Feb 17 '26Tactile Systems Technology Inc · 10-K · Feb 17 '26
Revenue from Medicare represented 24% and 18% of total revenue for the years ended December 31, 2025 and 2024, respectively.
112XGNExagen Inc.XGN →Medicare24.00%FY202510-K · Mar 10 '26Exagen Inc. · 10-K · Mar 10 '26
Revenue from Medicare comprised 24% and 25% of our revenue for the years ended December 31, 2025 and 2024, respectively.
113GFAIGuardforce AI Co., Ltd.GFAI →Government Savings Bank23.90%FY202520-F · Apr 21 '26Guardforce AI Co., Ltd. · 20-F · Apr 21 '26
Since 2008, Government Savings Bank, a state-owned Thai bank located in Bangkok has been our largest customer. For the year ended December 31, 2025, 2024 and 2023, revenue derived from this customer, was approximately $8.4 million, $7.6 million and $7.5 million, respectively; representing 23.9%, 23.2% and 23.1% of our total revenues, respectively.
114SYPRSypris Solutions IncSYPR →Northrop Grumman Corporation (Northrop Grumman)NOC23.00%FY202510-K · Mar 26 '26Sypris Solutions Inc · 10-K · Mar 26 '26
In 2025, Northrop Grumman, Detroit Diesel and SubCom, represented approximately 23%, 13% and 11% of our net revenue, respectively.
115HLMNHillman Solutions Corp.HLMN →Home DepotHD22.50%FY202510-K · Feb 17 '26Hillman Solutions Corp. · 10-K · Feb 17 '26
For the year ended December 27, 2025, Home Depot was the single largest customer, representing approximately $349.9 million or 22.5% of our total revenues and Lowe's was the second largest customer at approximately $324.4 million or 20.9% of our total revenues.
116MBUUMalibu Boats, Inc.MBUU →OneWater Marine, Inc.ONEWdistributor22.30%FY202610-K · Aug 27 '26Malibu Boats, Inc. · 10-K · Aug 27 '26
Sales to our dealers under common control of OneWater Marine, Inc. represented approximately 22.3%, 24.7% and 23.7% of consolidated net sales in fiscal years 2026, 2025 and 2024, respectively, including approximately 9.4%, 42.0%, 23.7%, and —% of consolidated sales in fiscal year 2026 for Malibu, Saltwater Fishing, Cobalt, and Saxdor, respectively.
117GISGeneral Mills IncGIS →Walmart Inc. and its affiliates (Walmart)WMT22.00%FY202610-K · Jul 1 '26General Mills Inc · 10-K · Jul 1 '26
During fiscal 2026 , Walmart Inc. and its affiliates (Walmart) accounted for 22 percent of our consolidated net sales and 31 percent of net sales of our North America Retail segment.
118ICFIICF International, Inc.ICFI →Department of Health and Human Services22.00%FY202510-K · Feb 27 '26ICF International, Inc. · 10-K · Feb 27 '26
In fiscal years 2025, 2024, and 2023, our largest client was the Department of Health and Human Services ("HHS") with 22%, 25%, and 26% of total revenue, respectively.
119PCRXPacira BioSciences, Inc.PCRX →AmerisourceBergen Health Corporationdistributor22.00%FY202510-K · Feb 26 '26Pacira BioSciences, Inc. · 10-K · Feb 26 '26
We had three wholesalers each comprising 10 percent or more of our total revenue for the year ended December 31, 2025: McKesson Drug Company, Cardinal Health, Inc. and AmerisourceBergen Health Corporation, which accounted for 31%, 26% and 22% of our total revenues, respectively.
120VITLVital Farms, Inc.VITL →United Natural Foods, Inc.UNFIdistributor22.00%FY202510-K · Feb 26 '26Vital Farms, Inc. · 10-K · Feb 26 '26
In fiscal years 2023, 2024 and 2025, UNFI (the primary distributor for Whole Foods) accounted for approximately 25%, 24% and 22% of our net revenue, respectively.
121UFPTUFP Technologies IncUFPT →Stryker CorporationSYK21.50%—10-K · Feb 27 '26UFP Technologies Inc · 10-K · Feb 27 '26
Net sales from our largest two customers, Intuitive Surgical SARL and Stryker Corporation, were 24.3% and 21.5%, respectively, of our total net sales for the year ended December 31, 2025.
122AMPYAmplify Energy Corp.AMPY →HF Sinclair Corporation (formerly: Sinclair Oil & Gas Company)21.00%—10-K · Mar 9 '26Amplify Energy Corp. · 10-K · Mar 9 '26
HF Sinclair Corporation (formerly: Sinclair Oil & Gas Company) 21 % 25 %
123DACDanaos CorpDAC →CMA CGM21.00%FY202520-F · Feb 27 '26Danaos Corp · 20-F · Feb 27 '26
Operating revenue from significant container vessels customers (constituting more than 10% of total revenue) for the years ended December 31, 2025, 2024 and 2023, were as follows: Years ended December 31, Charterer 2025 2024 2023 CMA CGM 21 % 20 % 23 %
124NNINelnet IncNNI →U.S. Department of Education21.00%FY202510-K · Feb 26 '26Nelnet Inc · 10-K · Feb 26 '26
The Department is the Company's largest customer, representing 21% of the Company's revenue and 68% of the LSS operating segment's revenue in 2025.
125PARPar Technology CorpPAR →McDonald's CorporationMCD21.00%FY202510-K · Feb 26 '26Par Technology Corp · 10-K · Feb 26 '26
McDonald's Corporation 21 % 15 % 12 %
126HLMNHillman Solutions Corp.HLMN →Lowe'sLOW20.90%FY202510-K · Feb 17 '26Hillman Solutions Corp. · 10-K · Feb 17 '26
For the year ended December 27, 2025, Home Depot was the single largest customer, representing approximately $349.9 million or 22.5% of our total revenues and Lowe's was the second largest customer at approximately $324.4 million or 20.9% of our total revenues.
127GIIIG-III Apparel Group LtdGIII →Macy's Inc.M20.60%FY202610-K · Mar 24 '26G-III Apparel Group Ltd · 10-K · Mar 24 '26
Our ten largest customers, all of which are department stores or off price accounts, accounted for approximately 67.6% of our net sales in fiscal 2026, with the Macy's Inc. group (which includes sales to Macy's and Bloomingdale's store chains) accounting for approximately 20.6% of our net sales in fiscal 2026.
128ADUSAddus HomeCare CorpADUS →Medicare20.50%FY202510-K · Feb 24 '26Addus HomeCare Corp · 10-K · Feb 24 '26
For the year ended December 31, 2025, we derived approximately 39.3 % of our net service revenues from state and local governmental agencies, primarily through Medicaid state programs and 20.5 % from Medicare.
129EPSNEpsilon Energy Ltd.EPSN →Ares Energy20.00%—10-K · Mar 27 '26Epsilon Energy Ltd. · 10-K · Mar 27 '26
For the year ended December 31, 2025, three purchasers each accounted for 10 % or more of our total revenue: ARM Energy ( 55 %) and Ares Energy ( 20 %) from the upstream segment and Williams ( 17 %) from the gas gathering segment.
130MBCMasterBrand, Inc.MBC →Lowe's Companies, Inc.LOW20.00%FY202510-K · Feb 13 '26MasterBrand, Inc. · 10-K · Feb 13 '26
Lowe's Companies, Inc. ("Lowe's") comprised approximately 20 percent, 22 percent and 21 percent of our net sales for our 2025, 2024 and 2023 fiscal years, respectively.
131OSKOshkosh CorpOSK →United States (U.S.) government20.00%FY202510-K · Feb 17 '26Oshkosh Corp · 10-K · Feb 17 '26
The Company generated approximately 20% of its net sales in both 2025 and 2024, and 19% in 2023, from sales to the United States (U.S.) government, a substantial majority of which were under multi-year contracts and programs in the defense vehicle market.
132PCYOPure Cycle CorpPCYO →LennarLEN20.00%FY202510-K · Nov 12 '25Pure Cycle Corp · 10-K · Nov 12 '25
Lennar 20 % 24 %
133WMGWarner Music Group Corp.WMG →Spotify ABSPOT20.00%FY202510-K · Nov 20 '25Warner Music Group Corp. · 10-K · Nov 20 '25
In the fiscal year ended September 30, 2025, the Company had three customers, Spotify, YouTube and Apple, that individually represented 10% or more of total revenues, whereby Spotify AB represented 20 %, YouTube represented 12 % and Apple represented 11 % of total revenues.
134DOXAmdocs LtdDOX →T-Mobile19.90%FY202520-F · Dec 15 '25Amdocs Ltd · 20-F · Dec 15 '25
In fiscal years 2025 and 2024, our next largest customer, T-Mobile, accounted for 19.9% and 22.6% of our revenue, respectively.
135FNFabrinetFN →Cisco Systems, Inc.CSCO19.90%FY202610-K · Aug 18 '26Fabrinet · 10-K · Aug 18 '26
During fiscal year 2026, Cisco Systems, Inc., NVIDIA Corporation, Nokia Corporation and Amazon.com, Inc. contributed 19.9%, 16.3%, 10.7% and 10.5%, respectively, of our revenues.
136JXGJX Luxventure Group Inc.JXG →Hefei Liantuo Tianji E-commence Corporation Ltd.19.70%FY202520-F · May 15 '26JX Luxventure Group Inc. · 20-F · May 15 '26
The percentage of our revenue attributable to our largest customer, Hefei Liantuo Tianji E-commence Corporation Ltd., an online airline tickets agency company, amounted to $16,111,304, or 19.7%, for the year ended December 31, 2025
137CASTFreeCast, Inc.CAST →Del Air19.40%—10-K · Sep 28 '26FreeCast, Inc. · 10-K · Sep 28 '26
As of June 30, 2026, we had three customers, Launch That, related party customer Celebrity Cigars, Inc., and Del Air, representing 31.7%, 30.2% and 19.4%, respectively, of our revenues.
138KCKingsoft Cloud Holdings LtdKC →Xiaomi19.40%FY202520-F · Apr 23 '26Kingsoft Cloud Holdings Ltd · 20-F · Apr 23 '26
Transactions with Xiaomi In 2023, 2024 and 2025, we generated public cloud service revenues of RMB763.3 million, RMB1,091.5 million and RMB1,853.1 million (US$265.0 million), respectively, from Xiaomi, representing 10.8%, 14.0% and 19.4% of our total revenues, respectively.
139NEONNeonode Inc.NEON →Alps Alpine19.40%FY202510-K · Mar 18 '26Neonode Inc. · 10-K · Mar 18 '26
Alps Alpine – 19.4%
140HBBHamilton Beach Brands Holding CoHBB →Amazon.com, Inc.AMZN19.00%FY202510-K · Feb 25 '26Hamilton Beach Brands Holding Co · 10-K · Feb 25 '26
During fiscal 2025, Walmart and Amazon.com accounted for approximately 29% and 19% of our revenue, respectively.
141NEONNeonode Inc.NEON →Hewlett-PackardHPQ19.00%FY202510-K · Mar 18 '26Neonode Inc. · 10-K · Mar 18 '26
Hewlett-Packard – 19.0%
142RIGLRigel Pharmaceuticals IncRIGL →Cencora Inc.19.00%FY202510-K · Mar 3 '26Rigel Pharmaceuticals Inc · 10-K · Mar 3 '26
Cencora Inc. 19% 20%
143ADUSAddus HomeCare CorpADUS →Illinois Department on Aging18.10%FY202510-K · Feb 24 '26Addus HomeCare Corp · 10-K · Feb 24 '26
A significant amount of our revenue is derived from one payor client, the Illinois Department on Aging, the largest payor program for our Illinois personal care operations, which accounted for 18.1% and 21.0% of our net service revenues for the years ended December 31, 2025 and 2024, respectively.
144ALSNAllison Transmission Holdings IncALSN →Daimler AG18.00%FY202510-K · Feb 24 '26Allison Transmission Holdings Inc · 10-K · Feb 24 '26
Our top three customers, Daimler AG, PACCAR Inc. and Traton SE, accounted for approximately 18%, 11% and 10%, respectively, of our net sales during 2025.
145CLPRClipper Realty Inc.CLPR →City of New York18.00%FY202510-K · Feb 26 '26Clipper Realty Inc. · 10-K · Feb 26 '26
The Company has commercial leases with the City of New York that comprised approximately 18 % and 22 % of total revenues for the years ended December 31, 2025 and 2024, respectively.
146CRKComstock Resources IncCRK →Enterprise Products Operating18.00%FY202510-K · Feb 19 '26Comstock Resources Inc · 10-K · Feb 19 '26
Enterprise Products Operating and its subsidiaries, Venture Global LNG, Inc. and Shell Energy North America US, L.P. accounted for 18%, 11%, and 10%, respectively, of our total 2025 sales.
147HLXHelix Energy Solutions Group IncHLX →ShellSHEL18.00%FY202510-K · Feb 26 '26Helix Energy Solutions Group Inc · 10-K · Feb 26 '26
The percentages of consolidated revenue from major customers (those representing 10% or more of our consolidated revenues) were as follows: 2025 — Shell ( 18 %) and Petrobras ( 10 %);
148LIONLionsgate Studios Corp.LION →Amazon.com, Inc.AMZN18.00%FY202610-K · May 27 '26Lionsgate Studios Corp. · 10-K · May 27 '26
In fiscal 2026, 2025 and 2024, Lionsgate generated approximately 18%, 16% and 14%, respectively, of its revenue from Amazon.com, Inc. and its subsidiaries.
149MZTIMarzetti CoMZTI →Walmart Inc.WMT18.00%FY202610-K · Aug 25 '26Marzetti Co · 10-K · Aug 25 '26
Our net sales to Walmart represented 18% and 19% of consolidated net sales for the years ended June 30, 2026 and 2025, respectively.
150ODCOil-Dri Corp of AmericaODC →Walmart Inc. ("Walmart")WMT18.00%FY202610-K · Oct 8 '26Oil-Dri Corp of America · 10-K · Oct 8 '26
Sales to Walmart and its affiliates accounted for approximately 18% and 19% of our total net sales for fiscal years 2026 and 2025, respectively.
151SMPLSimply Good Foods CoSMPL →AmazonAMZN18.00%FY202510-K · Oct 28 '25Simply Good Foods Co · 10-K · Oct 28 '25
Sales to our next largest retailer, Amazon, represented approximately 18% of consolidated sales in fiscal year 2025.
152SRIStoneridge IncSRI →Volvo18.00%FY202510-K · Mar 16 '26Stoneridge Inc · 10-K · Mar 16 '26
In 2025, our top five customers were Volvo, PACCAR, Traton, Daimler Truck and Ford, which comprised 18%, 15%, 11%, 7% and 6% of our net sales, respectively.
153VREXVarex Imaging CorpVREX →Canon Medical Systems Corporation ("Canon")18.00%FY202510-K · Nov 18 '25Varex Imaging Corp · 10-K · Nov 18 '25
Our largest customer, Canon, accounted for approximately 18%, 18%, and 17% of our total revenue for fiscal years 2025, 2024, and 2023, respectively, while our ten largest customers as a group accounted for approximately 52%, 53%, and 51% of our revenue for fiscal years 2025, 2024, and 2023, respectively.
154AMTAmerican Tower CorpAMT →AT&T Inc.T17.00%FY202510-K · Feb 24 '26American Tower Corp · 10-K · Feb 24 '26
For the year ended December 31, 2025 2024 2023 T-Mobile 18 % 19 % 19 % AT&T 17 % 18 % 18 %
155EPSNEpsilon Energy Ltd.EPSN →WilliamsWMB17.00%—10-K · Mar 27 '26Epsilon Energy Ltd. · 10-K · Mar 27 '26
For the year ended December 31, 2025, three purchasers each accounted for 10 % or more of our total revenue: ARM Energy ( 55 %) and Ares Energy ( 20 %) from the upstream segment and Williams ( 17 %) from the gas gathering segment.
156LCUTLifetime Brands, IncLCUT →Walmart Inc.WMT17.00%FY202510-K · Mar 12 '26Lifetime Brands, Inc · 10-K · Mar 12 '26
During the years ended December 31, 2025, 2024 and 2023, Walmart accounted for 17%, 19% and 21% of consolidated net sales, respectively.
157NWLNewell Brands Inc.NWL →AmazonAMZN17.00%—10-K · Feb 13 '26Newell Brands Inc. · 10-K · Feb 13 '26
The Company's largest customer in 2025, Amazon, accounted for approximately 17%, 15% and 13% of net sales in 2025, 2024 and 2023, respectively.
158RBBNRibbon Communications Inc.RBBN →Verizon Communications Inc.VZ17.00%FY202510-K · Feb 26 '26Ribbon Communications Inc. · 10-K · Feb 26 '26
One customer, Verizon, contributed approximately 17% of our revenue in the year ended December 31, 2025.
159SMHISEACOR Marine Holdings Inc.SMHI →ExxonMobil CorporationXOM17.00%FY202510-K · Feb 25 '26SEACOR Marine Holdings Inc. · 10-K · Feb 25 '26
Azule, ExxonMobil and SEACOR Marine Arabia were responsible for 27%, 17% and 14%, respectively, of the Company's consolidated operating revenues in 2025.
160MHHMastech Digital, Inc.MHH →Fidelity16.70%FY202510-K · Mar 18 '26Mastech Digital, Inc. · 10-K · Mar 18 '26
In 2025, we had three clients that exceeded 10% of total revenues (Fidelity = 16.7%, Populus = 12.1% and CGI = 10.8%).
161SBSafe Bulkers, Inc.SB →ADM International SARL16.46%FY202520-F · Mar 4 '26Safe Bulkers, Inc. · 20-F · Mar 4 '26
During 2025, ADM International SARL accounted for 16.46% and no other charterer accounted for more than 10% of our revenues.
162EVHEvolent Health, Inc.EVH →Cook County Health and Hospitals System16.40%FY202510-K · Feb 25 '26Evolent Health, Inc. · 10-K · Feb 25 '26
Cook County Health and Hospitals System 16.4% 11.5% 15.7%
163FNFabrinetFN →NVIDIA CorporationNVDA16.30%FY202610-K · Aug 18 '26Fabrinet · 10-K · Aug 18 '26
During fiscal year 2026, Cisco Systems, Inc., NVIDIA Corporation, Nokia Corporation and Amazon.com, Inc. contributed 19.9%, 16.3%, 10.7% and 10.5%, respectively, of our revenues.
164BETABETA Technologies, Inc.BETA →United Therapeutics CorporationUTHR16.00%FY202510-K · Mar 9 '26BETA Technologies, Inc. · 10-K · Mar 9 '26
For the year ended December 31, 2025, the U.S. government and United Therapeutics constituted 27% and 16% of total revenues, respectively.
165DACDanaos CorpDAC →MSC16.00%FY202520-F · Feb 27 '26Danaos Corp · 20-F · Feb 27 '26
Operating revenue from significant container vessels customers (constituting more than 10% of total revenue) for the years ended December 31, 2025, 2024 and 2023, were as follows: Years ended December 31, Charterer 2025 2024 2023 CMA CGM 21 % 20 % 23 % MSC 16 % 13 % 11 %
166EAElectronic Arts Inc.EA →MicrosoftMSFT16.00%FY202610-K · May 11 '26Electronic Arts Inc. · 10-K · May 11 '26
In fiscal year 2026, our direct sales to Sony and Microsoft represented approximately 39 percent and 16 percent of total net revenue, respectively.
167HNNAHennessy Advisors IncHNNA →Hennessy Focus Fund16.00%—10-K · Dec 3 '25Hennessy Advisors Inc · 10-K · Dec 3 '25
Consequently, our revenues followed a similar pattern of concentration: (a) the Hennessy Cornerstone Mid Cap 30 Fund (33% of total revenue); (b) the Hennessy Focus Fund (16% of total revenue); (c) the Hennessy Cornerstone Growth Fund (12% of total revenue); (d) the Hennessy Japan Fund (10% of total revenue); and (e) the Hennessy Gas Utility Fund (7% of total revenue).
168PGProcter & Gamble CoPG →Walmart Inc.WMT16.00%FY202510-K · Aug 4 '25Procter & Gamble Co · 10-K · Aug 4 '25
Sales to Walmart Inc. and its affiliates represent approximately 16% of our total sales in 2025 and 2024 and 15% in 2023.
169RMTIRockwell Medical, Inc.RMTI →DaVita, Inc.DVA16.00%FY202510-K · Mar 26 '26Rockwell Medical, Inc. · 10-K · Mar 26 '26
DaVita represented 16% and 45% of net sales for the years ended December 31, 2025 and 2024, respectively.
170ZJKZJK Industrial Co., Ltd.ZJK →Ingrasys Technology Inc.16.00%FY202520-F · Apr 29 '26ZJK Industrial Co., Ltd. · 20-F · Apr 29 '26
For the year ended December 31, 2025, PSM-ZJK (which the Company indirectly owns 49% of equity interests and where our CEO also serves as a director), INGRASYS TECHNOLOGY INC., JUIC INTERNATIONAL CORPORATION and BULTEN Fasteners (Wuxi) Co., Ltd. ("BULTEN Wuxi", formerly known as "PSM Fasteners (Wuxi) Co., Ltd.") accounted for 36%, 16%, 13% and 10% of revenues for the year, respectively.
171DLHCDLH Holdings Corp.DLHC →Department of Defense15.50%FY202510-K · Dec 10 '25DLH Holdings Corp. · 10-K · Dec 10 '25
Department of Defense 53,241 15.5 % 64,128 16.2 %
172AINAlbany International CorpAIN →SAFRAN Group15.00%FY202510-K · Feb 27 '26Albany International Corp · 10-K · Feb 27 '26
AEC's largest aerospace customer is SAFRAN and sales to SAFRAN (consisting primarily of fan blades and cases for CFM's LEAP engine) accounted for approximately 15% of the Company's consolidated net revenues in 2025.
173AMSCAmerican Superconductor CorpAMSC →Inox Wind Limited15.00%FY202510-K · May 27 '26American Superconductor Corp · 10-K · May 27 '26
In fiscal 2025, Inox accounted for 15% and Fuji Bridex accounted for 10% of our total revenues.
174CEVACeva IncCEVA →Unisoc15.00%FY202510-K · Feb 27 '26Ceva Inc · 10-K · Feb 27 '26
Sales to UNISOC (formerly Spreadtrum Communications, Inc.), accounted for 15% and 15% of our total revenues for 2025 and 2024, respectively.
175DCHDauch CorpDCH →Ford Motor CompanyF15.00%FY202510-K · Feb 13 '26Dauch Corp · 10-K · Feb 13 '26
Sales to Ford accounted for approximately 15% of our consolidated net sales in 2025, 13% in 2024, and 12% in 2023, and sales to Stellantis were approximately 13% of our consolidated net sales in both 2025 and 2024, and 16% in 2023.
176FRDFriedman Industries IncFRD →O'Neal Steel15.00%FY202610-K · Jun 11 '26Friedman Industries Inc · 10-K · Jun 11 '26
Sales of flat-roll products to O'Neal Steel accounted for approximately 15% and 16% of the Company's total sales for fiscal years 2026 and 2025, respectively.
177HDSNHudson Technologies IncHDSN →United States Defense Logistics Agency (DLA)15.00%FY202510-K · Mar 16 '26Hudson Technologies Inc · 10-K · Mar 16 '26
For the years ended December 31, 2025, 2024 and 2023, the DLA accounted for 15%, 15% and 18% of our revenues.
178LFSTLifeStance Health Group, Inc.LFST →Elevance Health, Inc.ELV15.00%FY202510-K · Feb 25 '26LifeStance Health Group, Inc. · 10-K · Feb 25 '26
Two payors individually exceeded 10% of our total revenue for the year ended December 31, 2025: UnitedHealthcare and Elevance Health, Inc., comprising 14% and 15%, respectively.
179LWLamb Weston Holdings, Inc.LW →McDonald's CorporationMCD15.00%FY202610-K · Jul 24 '26Lamb Weston Holdings, Inc. · 10-K · Jul 24 '26
Our largest customer, McDonald's Corporation, accounted for approximately 15%, 15%, and 14% of our consolidated net sales in fiscal 2026, 2025, and 2024, respectively.
180MRCYMercury Systems IncMRCY →RTX CorporationRTX15.00%FY202610-K · Aug 18 '26Mercury Systems Inc · 10-K · Aug 18 '26
In fiscal 2026, RTX Corporation accounted for 15% of our total net revenues, Lockheed Martin accounted for 11% of our total net revenues, and Northrop Grumman accounted for 10% of our total net revenues.
181PCYOPure Cycle CorpPCYO →KB HomeKBH15.00%FY202510-K · Nov 12 '25Pure Cycle Corp · 10-K · Nov 12 '25
KB Home 15 % 10 %
182SFLSFL Corp Ltd.SFL →Hapag Lloyd15.00%—20-F · Mar 16 '26SFL Corp Ltd. · 20-F · Mar 16 '26
Six container vessels on time charter to Hapag Lloyd accounted for 15 % of our consolidated operating revenues ( December 31, 2024 : 6 % , six container vessels).
183SRIStoneridge IncSRI →PaccarPCAR15.00%FY202510-K · Mar 16 '26Stoneridge Inc · 10-K · Mar 16 '26
In 2025, our top five customers were Volvo, PACCAR, Traton, Daimler Truck and Ford, which comprised 18%, 15%, 11%, 7% and 6% of our net sales, respectively.
184EVHEvolent Health, Inc.EVH →Florida Blue14.20%FY202510-K · Feb 25 '26Evolent Health, Inc. · 10-K · Feb 25 '26
Florida Blue 14.2% 12.9% 10.4%
185ADSKAutodesk, Inc.ADSK →TD Synnex CorporationSNX14.00%FY202610-K · Mar 3 '26Autodesk, Inc. · 10-K · Mar 3 '26
Total revenue from TD Synnex accounted for 14%, 33%, and 39% of Autodesk's total net revenue during fiscal 2026, 2025, and 2024, respectively.
186AMTAmerican Tower CorpAMT →Verizon Communications Inc.VZ14.00%FY202510-K · Feb 24 '26American Tower Corp · 10-K · Feb 24 '26
For the year ended December 31, 2025 2024 2023 T-Mobile 18 % 19 % 19 % AT&T 17 % 18 % 18 % Verizon Wireless 14 % 13 % 14 %
187CMTCore Molding Technologies IncCMT →BRP, Inc.14.00%—10-K · Mar 10 '26Core Molding Technologies Inc · 10-K · Mar 10 '26
BRP 14% 10% 14% Yes July 31, 2029
188GSITGSI Technology IncGSIT →Kyec14.00%FY202610-K · Jun 5 '26GSI Technology Inc · 10-K · Jun 5 '26
Based on information provided to us by KYEC's contract manufacturers and distributors, purchases by KYEC represented approximately 14%, 23% and 3% of our net revenues in fiscal 2026, 2025 and 2024, respectively.
189LFSTLifeStance Health Group, Inc.LFST →UnitedHealthcareUNH14.00%FY202510-K · Feb 25 '26LifeStance Health Group, Inc. · 10-K · Feb 25 '26
Two payors individually exceeded 10% of our total revenue for the year ended December 31, 2025: UnitedHealthcare and Elevance Health, Inc., comprising 14% and 15%, respectively.
190PAMTPamt CorpPAMT →General Motors CompanyGM14.00%—10-K · Mar 12 '26Pamt Corp · 10-K · Mar 12 '26
Our largest customer, General Motors Company, accounted for approximately 14% of our revenue.
191SLGNSilgan Holdings IncSLGN →Nestlé S.A.14.00%FY202510-K · Feb 26 '26Silgan Holdings Inc · 10-K · Feb 26 '26
Approximately 14 percent, 13 percent and 13 percent of our consolidated net sales were to Nestlé S.A., or Nestlé, in 2025, 2024 and 2023, respectively.
192SMHISEACOR Marine Holdings Inc.SMHI →SEACOR Marine Arabia LLC14.00%FY202510-K · Feb 25 '26SEACOR Marine Holdings Inc. · 10-K · Feb 25 '26
Azule, ExxonMobil and SEACOR Marine Arabia were responsible for 27%, 17% and 14%, respectively, of the Company's consolidated operating revenues in 2025.
193PUMPProPetro Holding Corp.PUMP →Occidental Petroleum CorporationOXY13.70%FY202510-K · Feb 19 '26ProPetro Holding Corp. · 10-K · Feb 19 '26
For the year ended December 31, 2025, Exxon Mobil Corporation ("ExxonMobil"), Occidental Petroleum Corporation, EOG Resources, Inc. and Permian Resources Corporation accounted for 24.9%, 13.7%, 12.1%, and 11.2%, respectively, of total revenue.
194MECMayville Engineering Company, Inc.MEC →Paccar Inc.PCAR13.60%FY202510-K · Mar 4 '26Mayville Engineering Company, Inc. · 10-K · Mar 4 '26
For example, our largest customers in 2025 included PACCAR Inc. and John Deere which accounted for 13.6% and 10.0% of our net sales, respectively.
195WMSAdvanced Drainage Systems, Inc.WMS →Ferguson Enterprises ("Ferguson")13.10%FY202610-K · May 21 '26Advanced Drainage Systems, Inc. · 10-K · May 21 '26
Ferguson Enterprises ("Ferguson") accounted for 13.1% and Core & Main, Inc. ("Core & Main") accounted for 12.8% of fiscal 2026 net sales.
196CFCF Industries Holdings, Inc.CF →CHS Inc.13.00%FY202510-K · Feb 25 '26CF Industries Holdings, Inc. · 10-K · Feb 25 '26
CHS was our largest customer in 2025 and accounted for approximately 13% of our consolidated net sales.
197DCHDauch CorpDCH →Stellantis N.V.STLA13.00%FY202510-K · Feb 13 '26Dauch Corp · 10-K · Feb 13 '26
Sales to Ford accounted for approximately 15% of our consolidated net sales in 2025, 13% in 2024, and 12% in 2023, and sales to Stellantis were approximately 13% of our consolidated net sales in both 2025 and 2024, and 16% in 2023.
198HELEHelen of Troy LtdHELE →Walmart, Inc.WMT13.00%FY202610-K · Apr 23 '26Helen of Troy Ltd · 10-K · Apr 23 '26
Sales to our second largest customer, Walmart, Inc., including its worldwide affiliates, accounted for approximately 13%, 11% and 9% of our consolidated net sales revenue in fiscal 2026, 2025 and 2024, respectively.
199MBCMasterBrand, Inc.MBC →The Home Depot, Inc.HD13.00%FY202510-K · Feb 13 '26MasterBrand, Inc. · 10-K · Feb 13 '26
The Home Depot, Inc. ("Home Depot") comprised approximately 13 percent, 15 percent and 16 percent of our net sales for our 2025, 2024 and 2023 fiscal years, respectively.
200MSNEmerson Radio CorpMSN →Fred Meyer Inc.13.00%FY202610-K · Jun 26 '26Emerson Radio Corp · 10-K · Jun 26 '26
Amazon.com Inc. ("Amazon") accounted for approximately 42% and Fred Meyer Inc. ("Fred Meyer") accounted for approximately 13% of the Company's net revenues.
201NWLNewell Brands Inc.NWL →Walmart Inc. and subsidiariesWMT13.00%—10-K · Feb 13 '26Newell Brands Inc. · 10-K · Feb 13 '26
Walmart Inc. and subsidiaries ("Walmart"), the Company's second largest customer in 2025, accounted for approximately 13%, 14% and 15% of net sales in 2025, 2024 and 2023, respectively.
202PPSIPioneer Power Solutions, Inc.PPSI →SparkCharge13.00%FY202510-K · Apr 8 '26Pioneer Power Solutions, Inc. · 10-K · Apr 8 '26
Approximately 24% and 13% of our sales during the year ended December 31, 2025, were made to Eneridge, Inc. and SparkCharge, respectively.
203SFLSFL Corp Ltd.SFL →ConocoPhillipsCOP13.00%—20-F · Mar 16 '26SFL Corp Ltd. · 20-F · Mar 16 '26
One jack-up drilling rig on drilling contract revenue with ConocoPhillips accounted for 13 % of our consolidated operating revenues (December 31, 2024 : 7 % , one jack-up drilling rig).
204SLQTSelectQuote, Inc.SLQT →HumanaHUM13.00%FY202610-K · Aug 25 '26SelectQuote, Inc. · 10-K · Aug 25 '26
For example, carriers and other entities owned by UHC, Humana, and Aetna, accounted for 39%, 13%, and 12%, respectively, of our total revenue for the year ended June 30, 2026, carriers and other entities owned by UHC, Aetna, and Humana accounted for 37%, 15%, and 11%, respectively, of our total revenue for the year ended June 30, 2025; and carriers and other entities owned by UHC, Humana and Aetna accounted for 30%, 17%, and 16%, respectively, of our total revenue for the year ended June 30, 2024.
205SYPRSypris Solutions IncSYPR →Detroit Diesel Corporation (Detroit Diesel)13.00%FY202510-K · Mar 26 '26Sypris Solutions Inc · 10-K · Mar 26 '26
The Company's largest customers for the year ended December 31, 2025 were Northrop Grumman, Detroit Diesel, and SubCom, which represented approximately 23 %, 13 %, and 11 %, respectively, of the Company's total net revenue.
206THOThor Industries IncTHO →FreedomRoads, LLC13.00%FY202610-K · Sep 22 '26Thor Industries Inc · 10-K · Sep 22 '26
Sales to FreedomRoads, LLC accounted for approximately 13.0% of our consolidated net sales for fiscal 2026.
207ZJKZJK Industrial Co., Ltd.ZJK →Juic International Corporation13.00%FY202520-F · Apr 29 '26ZJK Industrial Co., Ltd. · 20-F · Apr 29 '26
For the year ended December 31, 2025, PSM-ZJK (which the Company indirectly owns 49% of equity interests and where our CEO also serves as a director), INGRASYS TECHNOLOGY INC., JUIC INTERNATIONAL CORPORATION and BULTEN Fasteners (Wuxi) Co., Ltd. ("BULTEN Wuxi", formerly known as "PSM Fasteners (Wuxi) Co., Ltd.") accounted for 36%, 16%, 13% and 10% of revenues for the year, respectively.
208PRGOPERRIGO Co plcPRGO →Walmart Inc.WMT12.90%FY202510-K · Feb 26 '26PERRIGO Co plc · 10-K · Feb 26 '26
Sales to Walmart as a percentage of Consolidated Net sales (reported primarily in CSCA) were as follows: Year Ended December 31, 2025 December 31, 2024 December 31, 2023 12.9 % 11.9 % 11.8 %
209WMSAdvanced Drainage Systems, Inc.WMS →Core & Main, Inc. ("Core & Main")CNM12.80%FY202610-K · May 21 '26Advanced Drainage Systems, Inc. · 10-K · May 21 '26
Ferguson Enterprises ("Ferguson") accounted for 13.1% and Core & Main, Inc. ("Core & Main") accounted for 12.8% of fiscal 2026 net sales.
210EVHEvolent Health, Inc.EVH →Centene CorporationCNC12.20%FY202510-K · Feb 25 '26Evolent Health, Inc. · 10-K · Feb 25 '26
Centene Corporation 12.2% * *
211MHHMastech Digital, Inc.MHH →Populus12.10%FY202510-K · Mar 18 '26Mastech Digital, Inc. · 10-K · Mar 18 '26
In 2025, we had three clients that exceeded 10% of total revenues (Fidelity = 16.7%, Populus = 12.1% and CGI = 10.8%).
212PUMPProPetro Holding Corp.PUMP →EOG Resources, Inc.EOG12.10%FY202510-K · Feb 19 '26ProPetro Holding Corp. · 10-K · Feb 19 '26
For the year ended December 31, 2025, Exxon Mobil Corporation ("ExxonMobil"), Occidental Petroleum Corporation, EOG Resources, Inc. and Permian Resources Corporation accounted for 24.9%, 13.7%, 12.1%, and 11.2%, respectively, of total revenue.
213CULPCulp IncCULP →La-Z-Boy IncorporatedLZB12.00%FY202610-K · Jul 17 '26Culp Inc · 10-K · Jul 17 '26
In the upholstery segment, La-Z-Boy Incorporated accounted for approximately 12% of consolidated net sales during fiscal 2026, and several other large furniture manufacturers comprised a significant portion of sales.
214FOXFFOX Factory Holding CorpFOXF →Ford Motor CompanyF12.00%FY202510-K · Feb 27 '26FOX Factory Holding Corp · 10-K · Feb 27 '26
In 2025, 2024, and 2023, our sales to Ford, a powered vehicles OEM, accounted for approximately 12%, 15%, and 13%, of total net sales, respectively.
215GSITGSI Technology IncGSIT →Cadence Design SystemsCDNS12.00%FY202610-K · Jun 5 '26GSI Technology Inc · 10-K · Jun 5 '26
Based on information provided to us by Cadence Design Systems contract manufacturers and distributors, purchases by Cadence Design Systems represented approximately 12%, 8% and 8% of our net revenues in fiscal 2026, 2025 and 2024, respectively.
216GTXGarrett Motion Inc.GTX →Stellantis N.V.STLA12.00%FY202510-K · Feb 19 '26Garrett Motion Inc. · 10-K · Feb 19 '26
Our largest customer is Stellantis N.V. ("Stellantis"). In 2025, 2024 and 2023, our sales to Stellantis accounted for 12%, 9% and 9%, respectively, of our total sales.
217HELEHelen of Troy LtdHELE →Target CorporationTGT12.00%FY202610-K · Apr 23 '26Helen of Troy Ltd · 10-K · Apr 23 '26
Sales to our third largest customer, Target Corporation, accounted for approximately 12%, 11% and 10% of our consolidated net sales revenue in fiscal 2026, 2025 and 2024, respectively.
218HNNAHennessy Advisors IncHNNA →Hennessy Cornerstone Growth Fund12.00%—10-K · Dec 3 '25Hennessy Advisors Inc · 10-K · Dec 3 '25
Consequently, our revenues followed a similar pattern of concentration: (a) the Hennessy Cornerstone Mid Cap 30 Fund (33% of total revenue); (b) the Hennessy Focus Fund (16% of total revenue); (c) the Hennessy Cornerstone Growth Fund (12% of total revenue); (d) the Hennessy Japan Fund (10% of total revenue); and (e) the Hennessy Gas Utility Fund (7% of total revenue).
219JBSSSanfilippo John B & SON IncJBSS →Target CorporationTGT12.00%FY202610-K · Aug 19 '26Sanfilippo John B & SON Inc · 10-K · Aug 19 '26
Net sales to Target Corporation accounted for approximately 12% of our net sales for fiscal 2026, 11% for fiscal 2025 and 13% for fiscal 2024.
220LCUTLifetime Brands, IncLCUT →Amazon.com, Inc.AMZN12.00%FY202510-K · Mar 12 '26Lifetime Brands, Inc · 10-K · Mar 12 '26
During the years ended December 31, 2025, 2024 and 2023, sales to Amazon accounted for 12%, 13% and 11% of consolidated net sales, respectively.
221RCONRecon Technology, LtdRCON →China Petroleum and Chemical Corporation ("Sinopec")12.00%FY202620-F · Sep 30 '26Recon Technology, Ltd · 20-F · Sep 30 '26
As we developed new product lines, revenue from Sinopec subsequently increased, accounting for 12%, 17% and 19% of our revenue in the fiscal years ended June 30, 2026, 2025 and 2024, respectively.
222SLQTSelectQuote, Inc.SLQT →Aetna12.00%FY202610-K · Aug 25 '26SelectQuote, Inc. · 10-K · Aug 25 '26
For example, carriers and other entities owned by UHC, Humana, and Aetna, accounted for 39%, 13%, and 12%, respectively, of our total revenue for the year ended June 30, 2026, carriers and other entities owned by UHC, Aetna, and Humana accounted for 37%, 15%, and 11%, respectively, of our total revenue for the year ended June 30, 2025; and carriers and other entities owned by UHC, Humana and Aetna accounted for 30%, 17%, and 16%, respectively, of our total revenue for the year ended June 30, 2024.
223PKEPark Aerospace CorpPKE →Aerojet Rocketdyne11.70%FY202610-K · May 29 '26Park Aerospace Corp · 10-K · May 29 '26
In addition, sales to Aerojet Rocketdyne accounted for 11.7% of the Company's total worldwide sales in the 2026 fiscal year.
224ATMUAtmus Filtration Technologies Inc.ATMU →Traton Group11.50%FY202510-K · Feb 13 '26Atmus Filtration Technologies Inc. · 10-K · Feb 13 '26
We have significant customer concentration, with Cummins, PACCAR and the Traton Group respectively accounting for approximately 18.8% , 16.3% and 11.5% of our net sales for the year ended December 31, 2025.
225GIIIG-III Apparel Group LtdGIII →TJX CompaniesTJX11.40%FY202610-K · Mar 24 '26G-III Apparel Group Ltd · 10-K · Mar 24 '26
TJX Companies accounted for approximately 11.4% of our net sales in fiscal 2026.
226JBGSJBG SMITH PropertiesJBGS →U.S. federal government11.40%—10-K · Feb 17 '26JBG SMITH Properties · 10-K · Feb 17 '26
Only commercial leases with the U.S. federal government accounted for 10% or more of our total revenue as follows: Year Ended December 31, 2025 2024 2023 (Dollars in thousands) Rental revenue from the U.S. federal government $ 56,899 $ 64,958 $ 64,439 Percentage of total revenue 11.4 % 11.9 % 10.7 %
227CTSCTS CorpCTS →Toyota Motor CorporationTM11.20%FY202510-K · Feb 24 '26CTS Corp · 10-K · Feb 24 '26
Toyota Motor Corporation 11.2%
228PUMPProPetro Holding Corp.PUMP →Permian Resources Corporation11.20%FY202510-K · Feb 19 '26ProPetro Holding Corp. · 10-K · Feb 19 '26
For the year ended December 31, 2025, Exxon Mobil Corporation ("ExxonMobil"), Occidental Petroleum Corporation, EOG Resources, Inc. and Permian Resources Corporation accounted for 24.9%, 13.7%, 12.1%, and 11.2%, respectively, of total revenue.
229ALSNAllison Transmission Holdings IncALSN →Paccar Inc.PCAR11.00%FY202510-K · Feb 24 '26Allison Transmission Holdings Inc · 10-K · Feb 24 '26
Our top three customers, Daimler AG, PACCAR Inc. and Traton SE, accounted for approximately 18%, 11% and 10%, respectively, of our net sales during 2025.
230CMTCore Molding Technologies IncCMT →Paccar, Inc.11.00%FY202510-K · Mar 10 '26Core Molding Technologies Inc · 10-K · Mar 10 '26
PACCAR 11% 13% 10% No N/A
231CRKComstock Resources IncCRK →Venture Global LNG, Inc.11.00%FY202510-K · Feb 19 '26Comstock Resources Inc · 10-K · Feb 19 '26
Enterprise Products Operating and its subsidiaries, Venture Global LNG, Inc. and Shell Energy North America US, L.P. accounted for 18%, 11%, and 10%, respectively, of our total 2025 sales.
232GIIIG-III Apparel Group LtdGIII →Ross StoresROST11.00%FY202610-K · Mar 24 '26G-III Apparel Group Ltd · 10-K · Mar 24 '26
In addition, sales to Ross Stores accounted for an aggregate of 11.0% of our net sales in fiscal 2026.
233GTXGarrett Motion Inc.GTX →Ford Motor Company ("Ford")F11.00%FY202510-K · Feb 19 '26Garrett Motion Inc. · 10-K · Feb 19 '26
In 2025, 2024 and 2023, our sales to Ford Motor Company ("Ford"), our third largest customer, were 11%, 10%, and 9%, respectively, of our total sales.
234GTXGarrett Motion Inc.GTX →Bayerische Motoren Werke AG ("BMW")11.00%FY202510-K · Feb 19 '26Garrett Motion Inc. · 10-K · Feb 19 '26
In 2025, 2024 and 2023, our sales to Bayerische Motoren Werke AG ("BMW"), our second largest customer, were 11%, 12%, and 12%, respectively, of our total sales.
235KNKnowles CorpKN →WS Audiology11.00%FY202510-K · Feb 9 '26Knowles Corp · 10-K · Feb 9 '26
WS Audiology, a hearing aid manufacturer, accounted for approximately 11%, 14%, and 16% of our revenues attributable to continuing operations for the years ended December 31, 2025, 2024, and 2023, respectively.
236LCUTLifetime Brands, IncLCUT →Costco Wholesale CorporationCOST11.00%FY202510-K · Mar 12 '26Lifetime Brands, Inc · 10-K · Mar 12 '26
During the years ended December 31, 2025, 2024 and 2023, sales to Costco accounted for 11% of consolidated net sales, respectively.
237LCUTLifetime Brands, IncLCUT →The TJX Companies, Inc.TJX11.00%FY202510-K · Mar 12 '26Lifetime Brands, Inc · 10-K · Mar 12 '26
During the year ended December 31, 2025, sales to TJX accounted for 11% of consolidated net sales.
238MRCYMercury Systems IncMRCY →Lockheed Martin CorporationLMT11.00%FY202610-K · Aug 18 '26Mercury Systems Inc · 10-K · Aug 18 '26
In fiscal 2026, RTX Corporation accounted for 15% of our total net revenues, Lockheed Martin accounted for 11% of our total net revenues, and Northrop Grumman accounted for 10% of our total net revenues.
239QQnity Electronics, Inc.Q →Samsung Electronics Co., Ltd.11.00%FY202510-K · Feb 26 '26Qnity Electronics, Inc. · 10-K · Feb 26 '26
Samsung Electronics Co., Ltd. 11%
240SRIStoneridge IncSRI →Traton11.00%FY202510-K · Mar 16 '26Stoneridge Inc · 10-K · Mar 16 '26
In 2025, our top five customers were Volvo, PACCAR, Traton, Daimler Truck and Ford, which comprised 18%, 15%, 11%, 7% and 6% of our net sales, respectively.
241SYPRSypris Solutions IncSYPR →SubCom, LLC (SubCom)11.00%FY202510-K · Mar 26 '26Sypris Solutions Inc · 10-K · Mar 26 '26
The Company's largest customers for the year ended December 31, 2025 were Northrop Grumman, Detroit Diesel, and SubCom, which represented approximately 23 %, 13 %, and 11 %, respectively, of the Company's total net revenue.
242WERNWerner Enterprises IncWERN →Dollar GeneralDG11.00%FY202510-K · Feb 26 '26Werner Enterprises Inc · 10-K · Feb 26 '26
Our largest customer, Dollar General, accounted for 11% of our total revenues in 2025.
243MHHMastech Digital, Inc.MHH →CGI10.80%FY202510-K · Mar 18 '26Mastech Digital, Inc. · 10-K · Mar 18 '26
In 2025, we had three clients that exceeded 10% of total revenues (Fidelity = 16.7%, Populus = 12.1% and CGI = 10.8%).
244FNFabrinetFN →Nokia CorporationNOK10.70%FY202610-K · Aug 18 '26Fabrinet · 10-K · Aug 18 '26
During fiscal year 2026, Cisco Systems, Inc., NVIDIA Corporation, Nokia Corporation and Amazon.com, Inc. contributed 19.9%, 16.3%, 10.7% and 10.5%, respectively, of our revenues.
245FNFabrinetFN →Amazon.com, Inc.AMZN10.50%FY202610-K · Aug 18 '26Fabrinet · 10-K · Aug 18 '26
During fiscal year 2026, Cisco Systems, Inc., NVIDIA Corporation, Nokia Corporation and Amazon.com, Inc. contributed 19.9%, 16.3%, 10.7% and 10.5%, respectively, of our revenues.
246GVAGranite Construction IncGVA →California Department of Transportation (Caltrans)10.10%FY202510-K · Feb 13 '26Granite Construction Inc · 10-K · Feb 13 '26
Revenue recognized from contracts with Caltrans during the years ended December 31, 2025, 2024 and 2023 represented $446.6 million (10.1% of total revenue), $567.6 million (14.2% of total revenue) and $458.2 million (13.1% of total revenue), respectively, which was primarily in the Construction segment.
247KLTRKaltura IncKLTR →VodafoneVOD10.10%FY202510-K · Mar 16 '26Kaltura Inc · 10-K · Mar 16 '26
For the years ended December 31, 2025, December 31, 2024 and December 31, 2023 Vodafone accounted for approximately 10.1%, 10.7% and 10.2% of our revenue, respectively.
248ALSNAllison Transmission Holdings IncALSN →Traton SE10.00%FY202510-K · Feb 24 '26Allison Transmission Holdings Inc · 10-K · Feb 24 '26
Our top three customers, Daimler AG, PACCAR Inc. and Traton SE, accounted for approximately 18%, 11% and 10%, respectively, of our net sales during 2025.
249AMSCAmerican Superconductor CorpAMSC →Fuji Bridex10.00%FY202510-K · May 27 '26American Superconductor Corp · 10-K · May 27 '26
In fiscal 2025, Inox accounted for 15% and Fuji Bridex accounted for 10% of our total revenues.
250AMTAmerican Tower CorpAMT →Telefónica10.00%FY202510-K · Feb 24 '26American Tower Corp · 10-K · Feb 24 '26
For the year ended December 31, 2025 2024 2023 T-Mobile 18 % 19 % 19 % AT&T 17 % 18 % 18 % Verizon Wireless 14 % 13 % 14 % Telefónica 10 % 10 % 10 %
251CLARClarus CorpCLAR →Recreational Equipment, Inc.10.00%—10-K · Mar 5 '26Clarus Corp · 10-K · Mar 5 '26
During the years ended December 31, 2025 and 2024, Recreational Equipment, Inc. ("REI") accounted for approximately 10 % of the Company's sales from continuing operations.
252CRKComstock Resources IncCRK →Shell Energy North America US, L.P.10.00%FY202510-K · Feb 19 '26Comstock Resources Inc · 10-K · Feb 19 '26
Enterprise Products Operating and its subsidiaries, Venture Global LNG, Inc. and Shell Energy North America US, L.P. accounted for 18%, 11%, and 10%, respectively, of our total 2025 sales.
253ELFe.l.f. Beauty, Inc.ELF →Sephora10.00%FY202610-K · May 21 '26e.l.f. Beauty, Inc. · 10-K · May 21 '26
Our largest customers, Target, Walmart, Amazon and Sephora, accounted for 18%, 13%, 11% and 10%, respectively, of our net sales in the fiscal year ended March 31, 2026.
254HLXHelix Energy Solutions Group IncHLX →PetrobrasPBR10.00%FY202510-K · Feb 26 '26Helix Energy Solutions Group Inc · 10-K · Feb 26 '26
The percentages of consolidated revenue from major customers (those representing 10% or more of our consolidated revenues) were as follows: 2025 — Shell ( 18 %) and Petrobras ( 10 %);
255HNNAHennessy Advisors IncHNNA →Hennessy Japan Fund10.00%—10-K · Dec 3 '25Hennessy Advisors Inc · 10-K · Dec 3 '25
Consequently, our revenues followed a similar pattern of concentration: (a) the Hennessy Cornerstone Mid Cap 30 Fund (33% of total revenue); (b) the Hennessy Focus Fund (16% of total revenue); (c) the Hennessy Cornerstone Growth Fund (12% of total revenue); (d) the Hennessy Japan Fund (10% of total revenue); and (e) the Hennessy Gas Utility Fund (7% of total revenue).
256KNKnowles CorpKN →TTI, Inc.10.00%FY202510-K · Feb 9 '26Knowles Corp · 10-K · Feb 9 '26
For the year ended December 31, 2025, TTI, Inc. accounted for approximately 19% of PD's revenues and 10% of the consolidated Company revenues.
257MECMayville Engineering Company, Inc.MEC →Deere & Company (John Deere)DE10.00%FY202510-K · Mar 4 '26Mayville Engineering Company, Inc. · 10-K · Mar 4 '26
For example, our largest customers in 2025 included PACCAR Inc. and John Deere which accounted for 13.6% and 10.0% of our net sales, respectively.
258MOG-AMoog Inc.MOG-A →The Boeing CompanyBA10.00%FY202510-K · Nov 26 '25Moog Inc. · 10-K · Nov 26 '25
We provide Boeing with controls for both military and commercial applications, as well as controls for space and defense applications, which totaled 10% of our 2025 sales.
259MRCYMercury Systems IncMRCY →Northrop GrummanNOC10.00%FY202610-K · Aug 18 '26Mercury Systems Inc · 10-K · Aug 18 '26
In fiscal 2026, RTX Corporation accounted for 15% of our total net revenues, Lockheed Martin accounted for 11% of our total net revenues, and Northrop Grumman accounted for 10% of our total net revenues.
260QRVOQorvo, Inc.QRVO →Samsung Electronics Co., Ltd.10.00%—10-K · May 8 '26Qorvo, Inc. · 10-K · May 8 '26
Samsung Electronics Co., Ltd. ("Samsung") accounted for 10% of total revenue in both fiscal years 2026 and 2025.
261TWITitan International IncTWI →Deere & CompanyDE10.00%—10-K · Feb 26 '26Titan International Inc · 10-K · Feb 26 '26
Net sales to Deere & Company in Titan's agricultural, earthmoving/construction, and consumer segments combined represented 10 %, 11 % and 13 % of the Company's consolidated net sales for the years ended December 31, 2025, 2024, and 2023, respectively.
Most-named customers
listed · ≥10% tiesDataset
MethodSource: SEC EDGAR · 10-K · 20-F · filed Aug 4 '25 to Oct 8 '26