Austerity will sap growth from the entire economy, but companies that rely on the government for a high-chunk of their income are particularly exposed.
Goldman Sachs has made a list of all the companies that rely on the government for a significant amount of their revenue (20%).
We've looked at all the ones that are (not) healthcare or defense related, to see who will get smashed in the first round of retrenchment.
- Roper Industries, Inc.
What it does: Electrical equipment
Year over year stock performance: +23.78 (40.79%)
Market cap: $8,058,000,000
Percentage of sales to government: 20% - NetApp, Inc.
What it does: Computers and peripherals
Year over year stock performance: +9.28 (23.02%)
Market cap: $20,676,000,000
Percentage of sales to government: 20% - Cepheid
What it does: Biotechnology
Year over year stock performance: +17.51 (115.35%)
Market cap: $2,105,000,000
Percentage of sales to government: 20% - Cisco Systems
What it does: Communications equipment
Year over year stock performance: -8.13 (-34.24%)
Market cap: $10,744,000,000
Percentage of sales to government: 20% - Fluor Corp.
What it does: Construction equipment
Year over year stock performance: +19.86 (44.15%)
Market cap: $11,407,000,000
Percentage of sales to government: 23% - A123 Systems Inc.
What it does: Electrical equipment
Year over year stock performance: -3.7 (-40.66%)
Market cap: $672,000,000
Percentage of sales to government: 24% - Riverbed Technology, Inc.
What it does: Communication equipment
Year over year stock performance: +23.8 (156.37)
Market cap: $6,637,000,000
Percentage of sales to government: 25% - Qiagen N.V.
What it does: Life sciences tools and services
Year over year stock performance: -3.2 (19.81%)
Market cap: $4,357,000,000
Percentage of sales to government: 25% - Sigma-Aldric Corp.
What it does: Chemicals
Year over year stock performance: +19.45 (35.93%)
Market cap: $9,077,000,000
Percentage of sales to government: 27% - Dell Inc.
What it does: Computers and peripherals
Year over year stock performance: +3.3 (24.37%)
Market cap: $31,539,000,000
Percentage of sales to government: 27% - Vulcan Materials Company
What it does: Construction materials
Year over year stock performance: -8.61 (19,1%)
Market cap: $4,733,000,000
Percentage of sales to government: 28% - Mueller Water Products, Inc.
What it does: Machinery
Year over year stock performance: -0.14 (-4.9%)
Market cap: $1,475,000,000
Percentage of sales to government: 285 - Martin Marietta Materials
What it does: Construction materials
Year over year stock performance: -7.79 (-9.03%)
Market cap: $568,000,000
Percentage of sales to government: 28% - Xerox Corp.
What it does: Office electronics
Year over year stock performance: 1.64 (19.05%)
Market cap: $14,320,000,000
Percentage of sales to government: 30% - Bristol-Myers Squibb Company
What it does: Phamaceuticals
Year over year stock performance: 4.11 (16.38%)
Market cap: $49,690,000,000
Percentage of sales to government: 31% - Textron, Inc.
What it does: Industrial conglomerates
Year over year stock performance: 3.67 (20.11%)
Market cap: $49,690,000,000
Percentage of sales to government: 31% - The Shaw Group
What it does: Construction and engineering
Year over year stock performance: -0.54 (-2%)
Market cap: $2,095,000
Percentage of sales to government: 32% - Jacobs Engineering Group, Inc.
What it does: Construction and engineering
Year over year stock performance: +3.03 (7.87%)
Market cap: $5,214,000,000
Percentage of sales to government: 35% - Motorola Solutions Inc.
What it does: Communication equipment
Year over year stock performance: +13.58 (44.45%)
Market cap: $15,224,000,000
Percentage of sales to government: 65% - Endo Pharmaceuticals Holdings, Inc.
What it does: Pharmaceuticals
Year over year stock performance: +17.75 (75.69%)
Market cap: $4,755,000,000
Percentage of sales to government: 35% - Computer Sciences Corp.
What it does: IT Services
Year over year stock performance: -9.66 (-20.69%)
Market cap: $5,789,000,000
Percentage of sales to government: 38% - KBR, Inc.
What it does: Construction and engineering
Year over year stock performance: +15.42 (71.19%)
Market cap: $5,604,000,000
Percentage of sales to government: 39% - CGI Group
What it does: IT Services
Year over year stock performance: +7.6 (47.95%)
Market cap: $6,511,000,000
Percentage of sales to government: 40% - The Babcock and Wilcox Company
What it does: Electrical equipment
Year over year stock performance: +3.4 (15,11%)
Market cap: $3,109,000,000
Percentage of sales to government: 40% - Life Technologies Corp.
What it does: Life sciences tools and services
Year over year stock performance: +2.29 (4.76%)
Market cap: $9,650,000,000
Percentage of sales to government: 45% - Compass Minerals International
What it does: Metals and Mining
Year over year stock performance: +7.34 (9.54%)
Market cap: $2,807,000,000
Percentage of sales to government: 47% - Oshkosh Corp.
What it does: Machinery
Year over year stock performance: -2.11 (-6.33%)
Market cap: $2,813,000,000
Percentage of sales to government: 49% - Aeroflex Holding Corp.
What it does: Electronic equipment and services
Year over year stock performance: +1.69 (12.52%)
Market cap: $1,299,000,000
Percentage of sales to government: 50% - Bruker Corp.
What it does: Life sciences tools and services
Year over year stock performance: +7.68 (64.86%)
Market cap: $3,296,000,000
Percentage of sales to government: 69% - Affymetrics, Inc.
What it does: Life sciences and tools
Year over year stock performance: 2.36 (54.13
Market cap: $460,000,000
Percentage of sales to government: 70% - URS Corp.
What it does: Construction and engineering
Year over year stock performance: 3.72 (9.41%)
Market cap: $3,425,000,000
Percentage of sales to government: 70% - Tetra Tech, Inc.
What it does: Commerical services and supplies
Year over year stock performance: 2.87 (14.83%)
Market cap: $1,398,000,000
Percentage of sales to government: 71% - Illumina Inc.
What it does: Life sciences tools and services
Year over year stock performance: 29.28 (66.17%)
Market cap: $11,333,000,000
Percentage of sales to government: 80% - FLIR Systems, Inc.
What it does: Electronic equipment and instruments
Year over year stock performance: 1.2 (5.97%)
Market cap: $5,301,000,000
Percentage of sales to government: 80% - HARRIS CORPORATION
What it does: Communications equipment
Year over year stock performance: -2.08 (-4.65%)
Market cap: $5,403,000,000
Percentage of sales to government: 85% - Granite Cont ruction Inc.
What it does: Construction and engineering
Year over year stock performance: 1.23 (5.21%)
Market cap: 950,000,000
Percentage of sales to government: 96% - Human Genome Sciences Inc.
What it does: Biotechnology
Year over year stock performance: -1.8 (-7.16%)
Market cap: $4,462,000,000
Percentage of sales to government: 100%