Top 100 Contractors in NAICS 32512: Industrial Gas Manufacturing, FY2025

Parent companies by net contract obligations Oct 1, 2024 – Sep 30, 2025 Code page on GovTribe

The top 10 won 72% of FY2025 NAICS 32512 contract dollars

Ranking facts

Contract obligations
$317,296,939 Net of deobligations, by contracts coded NAICS 32512 or a code under it
Contractors
267 Parent companies with an obligation
Largest contractor
Air Products and Chemicals, Inc. $106 million, 28.9% of obligations
Data as of

Contract actions from FPDS (SAM.gov). How the rankings work · Download all 100 rows as CSV · Free to reuse with credit to GovTribe (CC BY 4.0)

Full ranking

Rank Contractor Net obligations Share Trend
1 $106,489,055
Rank history: #1 in FY2021, #1 in FY2022, #1 in FY2023 and #1 in FY2024; unchanged since FY2024.
2 $56,331,321
Rank history: not on the FY2021–FY2024 lists; new.
3 $26,224,825
Rank history: not on the FY2021–FY2023 lists and #3 in FY2024; unchanged since FY2024.
4 $14,015,819
Rank history: not on the FY2021 list, #22 in FY2022, #39 in FY2023 and #32 in FY2024; up 28 since FY2024.
5 $13,593,435
Rank history: #4 in FY2021, #6 in FY2022, #5 in FY2023 and #5 in FY2024; unchanged since FY2024.
6
Linde Engineering North America LLC 2 awardees, including Linde Korea Co., Ltd
$13,131,497
Rank history: not on the FY2021–FY2022 lists, #87 in FY2023 and #61 in FY2024; up 55 since FY2024.
7 $9,342,662
Rank history: #3 in FY2021, #4 in FY2022, #13 in FY2023 and #35 in FY2024; up 28 since FY2024.
8 $9,065,732
Rank history: #5 in FY2021, #5 in FY2022, #2 in FY2023 and #4 in FY2024; down 4 since FY2024.
9 $8,424,625
Rank history: not on the FY2021–FY2022 lists, #6 in FY2023 and #2 in FY2024; down 7 since FY2024.
10 $8,011,285
Rank history: #13 in FY2021, #10 in FY2022, #7 in FY2023 and #7 in FY2024; down 3 since FY2024.
11 $6,227,767
Rank history: not on the FY2021–FY2022 lists, #16 in FY2023 and #8 in FY2024; down 3 since FY2024.
12 $4,475,724
Rank history: #64 in FY2021, #9 in FY2022, #11 in FY2023 and #9 in FY2024; down 3 since FY2024.
13 $4,439,066
Rank history: not on the FY2021–FY2024 lists; new.
14 $3,341,843
Rank history: not on the FY2021–FY2024 lists; new.
15 $2,756,111
Rank history: #14 in FY2021, #17 in FY2022, #17 in FY2023 and #13 in FY2024; down 2 since FY2024.
16 $2,512,121
Rank history: #12 in FY2021, #11 in FY2022, #14 in FY2023 and #34 in FY2024; up 18 since FY2024.
17 $2,217,443
Rank history: not on the FY2021–FY2023 lists and #49 in FY2024; up 32 since FY2024.
18 $2,006,694
Rank history: #10 in FY2021, #12 in FY2022, #19 in FY2023 and #15 in FY2024; down 3 since FY2024.
19 $1,420,547
Rank history: not on the FY2021–FY2024 lists; new.
20 $1,408,080
Rank history: not on the FY2021–FY2024 lists; new.
21 $1,374,666
Rank history: #24 in FY2021, #18 in FY2022, #26 in FY2023 and #23 in FY2024; up 2 since FY2024.
22 $1,293,433
Rank history: #11 in FY2021, #14 in FY2022, #22 in FY2023 and #16 in FY2024; down 6 since FY2024.
23 $1,253,007
Rank history: #15 in FY2021, not on the FY2022 list, #15 in FY2023 and #21 in FY2024; down 2 since FY2024.
24 $1,232,000
Rank history: not on the FY2021–FY2024 lists; new.
25
S.j. Smith Co., Inc.
$1,166,855
Rank history: not on the FY2021–FY2023 lists and #25 in FY2024; unchanged since FY2024.
26 $1,121,361
Rank history: #21 in FY2021, #23 in FY2022, #23 in FY2023 and #29 in FY2024; up 3 since FY2024.
27 $1,073,646
Rank history: #16 in FY2021, #13 in FY2022, #21 in FY2023 and #24 in FY2024; down 3 since FY2024.
28 $929,400
Rank history: #68 in FY2021, #27 in FY2022, not on the FY2023 list and #57 in FY2024; up 29 since FY2024.
29 $711,331
Rank history: #28 in FY2021, #87 in FY2022, #36 in FY2023 and #27 in FY2024; down 2 since FY2024.
30 $706,626
Rank history: #75 in FY2021, #35 in FY2022, #35 in FY2023 and #52 in FY2024; up 22 since FY2024.
31 $642,374
Rank history: #25 in FY2021, #52 in FY2022, #29 in FY2023 and #22 in FY2024; down 9 since FY2024.
32 $555,084
Rank history: not on the FY2021–FY2022 lists, #9 in FY2023 and #38 in FY2024; up 6 since FY2024.
33 $504,826
Rank history: #36 in FY2021, #39 in FY2022, #46 in FY2023 and #48 in FY2024; up 15 since FY2024.
34 $474,618
Rank history: #55 in FY2021, #25 in FY2022, #31 in FY2023 and #37 in FY2024; up 3 since FY2024.
35 $469,620
Rank history: #40 in FY2021, #40 in FY2022, not on the FY2023 list and #80 in FY2024; up 45 since FY2024.
36 $459,351
Rank history: #47 in FY2021, #37 in FY2022, #48 in FY2023 and #51 in FY2024; up 15 since FY2024.
37 $446,188
Rank history: #43 in FY2021, #32 in FY2022, not on the FY2023 list and #11 in FY2024; down 26 since FY2024.
38 $439,788
Rank history: #59 in FY2021, #65 in FY2022, #52 in FY2023 and #39 in FY2024; up 1 since FY2024.
39 $424,920
Rank history: #31 in FY2021, #31 in FY2022, #41 in FY2023 and #46 in FY2024; up 7 since FY2024.
40 $421,669
Rank history: not on the FY2021 list, #29 in FY2022, #30 in FY2023 and #86 in FY2024; up 46 since FY2024.
41 $409,569
Rank history: #22 in FY2021, #21 in FY2022, #28 in FY2023 and #30 in FY2024; down 11 since FY2024.
42 $389,153
Rank history: not on the FY2021–FY2022 lists, #27 in FY2023 and #53 in FY2024; up 11 since FY2024.
43 $373,832
Rank history: #66 in FY2021, #77 in FY2022, #44 in FY2023 and #72 in FY2024; up 29 since FY2024.
44 $361,348
Rank history: not on the FY2021–FY2022 lists, #51 in FY2023 and #28 in FY2024; down 16 since FY2024.
45 $350,508
Rank history: #69 in FY2021, #80 in FY2022, #49 in FY2023 and #40 in FY2024; down 5 since FY2024.
46 $347,429
Rank history: #32 in FY2021, #33 in FY2022, #43 in FY2023 and #50 in FY2024; up 4 since FY2024.
47 $321,972
Rank history: #89 in FY2021, #82 in FY2022, #77 in FY2023 and #70 in FY2024; up 23 since FY2024.
48 $320,002
Rank history: #37 in FY2021, not on the FY2022 list, #42 in FY2023 and #44 in FY2024; down 4 since FY2024.
49 $314,032
Rank history: #42 in FY2021, #50 in FY2022, not on the FY2023 list and #63 in FY2024; up 14 since FY2024.
50
Standard Petroleum Logistics Inc
$311,247
Rank history: not on the FY2021–FY2024 lists; new.
51 $296,146
Rank history: not on the FY2021–FY2024 lists; new.
52 $295,592
Rank history: not on the FY2021–FY2024 lists; new.
53 $281,400
Rank history: not on the FY2021–FY2023 lists and #69 in FY2024; up 16 since FY2024.
54 $279,026
Rank history: #81 in FY2021, #67 in FY2022, #57 in FY2023 and #55 in FY2024; up 1 since FY2024.
55 $234,098
Rank history: not on the FY2021–FY2022 lists, #59 in FY2023 and #66 in FY2024; up 11 since FY2024.
56 $231,006
Rank history: #48 in FY2021, #47 in FY2022, #64 in FY2023 and #56 in FY2024; unchanged since FY2024.
57 $226,872
Rank history: #19 in FY2021, #24 in FY2022, #55 in FY2023 and #43 in FY2024; down 14 since FY2024.
58 $222,889
Rank history: #41 in FY2021, #55 in FY2022, #72 in FY2023 and #59 in FY2024; up 1 since FY2024.
59 $214,658
Rank history: #45 in FY2021, #60 in FY2022, #54 in FY2023 and #67 in FY2024; up 8 since FY2024.
60
Cryo-Express LLC
$210,351
Rank history: not on the FY2021–FY2023 lists and #82 in FY2024; up 22 since FY2024.
61 $209,440
Rank history: not on the FY2021–FY2023 lists and #68 in FY2024; up 7 since FY2024.
62 $199,663
Rank history: #54 in FY2021, #44 in FY2022, #60 in FY2023 and #75 in FY2024; up 13 since FY2024.
63 $193,590
Rank history: not on the FY2021–FY2024 lists; new.
64 $188,879
Rank history: not on the FY2021 list, #66 in FY2022, #95 in FY2023 and not on the FY2024 list; up 52 since FY2024.
65 $184,812
Rank history: #56 in FY2021, not on the FY2022 list, #84 in FY2023 and not on the FY2024 list; up 108 since FY2024.
66 $179,353
Rank history: #38 in FY2021, #43 in FY2022, #47 in FY2023 and #41 in FY2024; down 25 since FY2024.
67 $161,939
Rank history: not on the FY2021–FY2023 lists and #71 in FY2024; up 4 since FY2024.
68 $160,629
Rank history: #93 in FY2021, #90 in FY2022, #81 in FY2023 and not on the FY2024 list; up 43 since FY2024.
69 $153,200
Rank history: not on the FY2021–FY2023 lists and #76 in FY2024; up 7 since FY2024.
70 $149,613
Rank history: #49 in FY2021, not on the FY2022–FY2023 lists and #88 in FY2024; up 18 since FY2024.
71
Strandmoellen GMBH & Co. KG
$149,426
Rank history: not on the FY2021–FY2022 lists, #68 in FY2023 and not on the FY2024 list; up 39 since FY2024.
72 $147,000
Rank history: not on the FY2021–FY2024 lists; new.
73 $146,648
Rank history: #57 in FY2021, #88 in FY2022, #76 in FY2023 and #79 in FY2024; up 6 since FY2024.
74 $140,640
Rank history: not on the FY2021–FY2024 lists; new.
75 $127,963
Rank history: not on the FY2021–FY2022 lists, #69 in FY2023 and #60 in FY2024; down 15 since FY2024.
76 $127,600
Rank history: not on the FY2021–FY2024 lists; new.
77 $126,590
Rank history: not on the FY2021–FY2024 lists; up 29 since FY2024.
78 $126,384
Rank history: #58 in FY2021, #42 in FY2022, #50 in FY2023 and #47 in FY2024; down 31 since FY2024.
79 $126,332
Rank history: #63 in FY2021, #99 in FY2022, #66 in FY2023 and #99 in FY2024; up 20 since FY2024.
80 $122,842
Rank history: not on the FY2021 list, #45 in FY2022, #98 in FY2023 and not on the FY2024 list; up 107 since FY2024.
81 $122,640
Rank history: not on the FY2021–FY2024 lists; new.
82 $121,392
Rank history: not on the FY2021–FY2024 lists; up 26 since FY2024.
83 $120,038
Rank history: not on the FY2021–FY2023 lists and #77 in FY2024; down 6 since FY2024.
84 $119,690
Rank history: not on the FY2021–FY2024 lists; new.
85 $119,198
Rank history: not on the FY2021–FY2024 lists; up 72 since FY2024.
86 $116,327
Rank history: not on the FY2021–FY2024 lists; up 15 since FY2024.
87 $112,531
Rank history: not on the FY2021–FY2024 lists; up 17 since FY2024.
88 $110,900
Rank history: not on the FY2021 list, #78 in FY2022, #45 in FY2023 and #98 in FY2024; up 10 since FY2024.
89 $108,540
Rank history: not on the FY2021 list, #38 in FY2022, #65 in FY2023 and #83 in FY2024; down 6 since FY2024.
90 $107,412
Rank history: not on the FY2021–FY2024 lists; up 46 since FY2024.
91 $105,102
Rank history: #86 in FY2021, not on the FY2022–FY2023 lists and #89 in FY2024; down 2 since FY2024.
92 $99,206
Rank history: not on the FY2021–FY2024 lists; up 30 since FY2024.
93 $99,024
Rank history: #84 in FY2021, not on the FY2022 list, #83 in FY2023 and #42 in FY2024; down 51 since FY2024.
94 $98,182
Rank history: not on the FY2021–FY2024 lists; up 77 since FY2024.
95 $95,552
Rank history: not on the FY2021–FY2023 lists and #81 in FY2024; down 14 since FY2024.
96
Long Oil Heat Inc.
$95,434
Rank history: not on the FY2021–FY2024 lists; up 71 since FY2024.
97 $95,063
Rank history: not on the FY2021–FY2024 lists; up 30 since FY2024.
98 $92,368
Rank history: not on the FY2021 list, #57 in FY2022, #86 in FY2023 and not on the FY2024 list; up 11 since FY2024.
99
BOC Limited
$90,902
Rank history: not on the FY2021–FY2024 lists; up 3 since FY2024.
100 $90,355
Rank history: not on the FY2021 list, #48 in FY2022 and not on the FY2023–FY2024 lists; up 50 since FY2024.
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100 of 267 contractors listed here. See the rest on GovTribe.

Rankings for the codes under NAICS 32512

Code Net obligations Largest contractor
325120 Industrial Gas Manufacturing $317,296,939 Air Products and Chemicals, Inc.

How this ranking works

  • Source: every contract action FPDS records (as published on SAM.gov) in the period, as GovTribe received it.
  • Amounts are net obligations: what was obligated, less what was deobligated. Shares are of $369 million obligated before deobligations, so they never pass 100%.
  • Parent companies: each action counts under the ultimate parent its award record names, or under the awardee when it names none, so no dollar counts twice. An awardee whose own actions mostly name no parent, and that no other company's actions name as their parent, rolls up its SAM.gov registration's chain of parent companies: it counts under the first company there that other companies' actions name as their parent, or under the parent most of a company's own actions name, whichever comes first; with neither, under the highest company in the chain with federal contracts of its own. Joint ventures stay companies of their own. Parents of the same name (Inc., LLC and the like aside) count as one company, since FPDS records a company's parent under more than one UEI over time. GovTribe corrects a few parents and names by hand; see the corrections.
  • Fiscal year 2025 ran Oct 1, 2024 – Sep 30, 2025. The Department of Defense reports its contract actions to FPDS about 90 days late, so a fiscal year is ranked once they're in, in February, and the list doesn't change after.
  • Rank changes compare with FY2024. "New" marks a company outside that period's top 500, and "Returned" one of those that was on an earlier fiscal year's list.
  • Rank lines show each company's rank on every fiscal year's list since FY2021, #1 at the top, on a scale that gives the top of the list more room. A dashed stretch spans years it wasn't on the list. The step from FY2024 takes the color of the rank change beside it.
  • Placeholder recipients FPDS uses when it names no company ("Miscellaneous Foreign Contractors" and the like) aren't ranked.

Quick answers

Who were the top 10 NAICS 32512 contractors in FY2025?

1. Air Products and Chemicals, Inc. ($106M), 2. Airgas USA LLC ($56.3M), 3. Messer North America Inc. ($26.2M), 4. Hudson Technologies Company ($14M), 5. RAS Enterprises LLC ($13.6M), 6. Linde Engineering North America LLC ($13.1M), 7. Airgas Inc. ($9.34M), 8. Linde Inc. ($9.07M), 9. (Rc) 2 Pharma Connect L.L.C. ($8.42M), 10. RCG of North Carolina, LLC ($8.01M).

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