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U.S. Machinery Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies189
  • 7D-2.3%
  • 3M2.7%
  • 1Y6.5%
  • YTD15.7%

Over the last 7 days, the Machinery industry has dropped 2.3%, driven by a pullback from Caterpillar of 1.3%. This takes the industry's 12 month performance to a gain of 6.5%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the U.S. Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025US$1.2tUS$449.4bUS$43.8b23.3x27x2.6x
Sun, 19 Oct 2025US$1.2tUS$447.0bUS$44.9b24.2x26.2x2.6x
Tue, 16 Sep 2025US$1.1tUS$447.0bUS$44.2b23.8x25.7x2.5x
Thu, 14 Aug 2025US$1.1tUS$447.9bUS$44.7b24.5x25.4x2.5x
Sat, 12 Jul 2025US$1.1tUS$449.5bUS$44.6b23.8x25x2.5x
Mon, 09 Jun 2025US$1.1tUS$449.1bUS$44.5b23.3x23.7x2.4x
Wed, 07 May 2025US$985.0bUS$451.9bUS$45.3b21.6x21.7x2.2x
Fri, 04 Apr 2025US$1.0tUS$457.1bUS$48.6b19.4x20.8x2.2x
Sun, 02 Mar 2025US$1.1tUS$458.2bUS$48.0b22.2x22.3x2.3x
Tue, 28 Jan 2025US$1.1tUS$465.7bUS$47.9b23.3x23.5x2.4x
Thu, 26 Dec 2024US$1.1tUS$467.6bUS$47.9b22.7x22.1x2.3x
Sat, 23 Nov 2024US$1.1tUS$467.5bUS$48.0b25x23.5x2.4x
Mon, 21 Oct 2024US$1.1tUS$474.2bUS$49.4b21.9x21.8x2.3x
Wed, 18 Sep 2024US$998.9bUS$474.2bUS$49.6b21.2x20.1x2.1x
Fri, 16 Aug 2024US$957.2bUS$476.8bUS$50.3b21.3x19x2x
Sun, 14 Jul 2024US$986.5bUS$476.7bUS$51.6b20.9x19.1x2.1x
Tue, 11 Jun 2024US$970.3bUS$477.0bUS$51.3b22.3x18.9x2x
Thu, 09 May 2024US$1.0tUS$479.2bUS$51.8b21.8x19.7x2.1x
Sat, 06 Apr 2024US$1.1tUS$478.2bUS$48.1b23.8x21.9x2.2x
Mon, 04 Mar 2024US$1.0tUS$477.3bUS$47.3b24.6x21.2x2.1x
Wed, 31 Jan 2024US$973.9bUS$485.4bUS$48.3b22.5x20.2x2x
Fri, 29 Dec 2023US$975.9bUS$485.0bUS$47.8b23x20.4x2x
Sun, 26 Nov 2023US$883.5bUS$484.0bUS$47.7b20.4x18.5x1.8x
Tue, 24 Oct 2023US$827.0bUS$475.2bUS$44.4b18.6x18.6x1.7x
Thu, 21 Sep 2023US$886.5bUS$475.0bUS$44.4b20.4x20x1.9x
Sat, 19 Aug 2023US$905.4bUS$473.4bUS$43.4b19.8x20.9x1.9x
Mon, 17 Jul 2023US$928.6bUS$459.8bUS$40.2b20.7x23.1x2x
Wed, 14 Jun 2023US$884.8bUS$460.9bUS$40.5b20.2x21.9x1.9x
Fri, 12 May 2023US$804.9bUS$456.6bUS$39.8b18.4x20.2x1.8x
Sun, 09 Apr 2023US$795.3bUS$447.5bUS$38.0b19.9x20.9x1.8x
Tue, 07 Mar 2023US$880.9bUS$442.6bUS$38.1b22.7x23.1x2x
Thu, 02 Feb 2023US$875.3bUS$445.8bUS$36.6b24.9x23.9x2x
Sat, 31 Dec 2022US$817.2bUS$439.3bUS$35.9b20.3x22.8x1.9x
Mon, 28 Nov 2022US$843.4bUS$439.6bUS$35.7b21.6x23.6x1.9x
Price to Earnings Ratio

23.6x


Total Market Cap: US$843.4bTotal Earnings: US$35.7bTotal Revenue: US$439.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 21.8x202320242025
Current Industry PE
  • Investors are optimistic on the American Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.0x which is higher than its 3-year average PE of 21.8x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 7.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market-3.20%
Industrials-3.26%
Machinery-2.26%
Agricultural Machinery-0.68%
Construction Machinery and Vehicles-1.44%
Industrial Machinery-3.31%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 2.0% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 2.0% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DE DeereUS$476.330.6%
+US$789.4m		8.9%PE24.7x
PCAR PACCARUS$97.601.1%
+US$551.5m		-14.4%PE19x
MWA Mueller Water ProductsUS$23.290.8%
+US$30.1m		-6.7%PE19x
TRN Trinity IndustriesUS$25.500.7%
+US$14.4m		-31.4%PE19.8x
CECO CECO EnvironmentalUS$49.670.8%
+US$14.1m		64.5%PE34.1x

Latest News

OTIS
US$86.86
Otis Worldwide
7D
-4.1%
1Y
-13.1%

OTIS: Expanding Contracts And Buybacks Will Drive Future Earnings Momentum

Analysts have increased their price target for Otis Worldwide from $102.29 to $103.25. They cite adjusted expectations for revenue growth and valuation metrics as the reasons for this change.
PNR
US$101.48
Pentair
7D
-4.9%
1Y
-4.3%

PNR: Margin Strength Will Drive Gains Amid Accelerating Data Center Demand

Pentair's analyst price target has been modestly increased, rising from $121.53 to $121.68. Analysts cited continued best-in-class margin execution and growing demand in select end markets following recent quarterly results.
XYL
US$138.04
Xylem
7D
-6.3%
1Y
10.1%
CECO
US$49.67
CECO Environmental
7D
0.8%
1Y
64.5%

CECO: Shares Will Advance On Strong 2026 Revenue Outlook And Upbeat Guidance

Analysts have raised their price target for CECO Environmental by approximately $6, citing strong Q3 performance, reaffirmed guidance, and increased confidence in the company's long-term growth outlook. Analyst Commentary Following the company's robust third-quarter results and updated guidance, analysts have weighed in with detailed perspectives on CECO Environmental's valuation and growth prospects.
TRN
US$25.50
Trinity Industries
7D
0.7%
1Y
-31.4%

TRN: Full-Year EPS Guidance Will Support Stable Fair Value Outlook

Analysts have maintained their price target for Trinity Industries at $27.00. They cite consistent expectations for the company’s fair value and stable underlying financial projections.
PH
US$819.40
Parker-Hannifin
7D
-2.7%
1Y
16.6%
WAB
US$196.14
Westinghouse Air Brake Technologies
7D
-4.0%
1Y
-1.0%
NEPH
US$4.92
Nephros
7D
11.3%
1Y
228.0%
TAYD
US$48.63
Taylor Devices
7D
7.8%
1Y
4.6%
MWA
US$23.29
Mueller Water Products
7D
0.8%
1Y
-6.7%

MWA: Dividend Increase And Leadership Transition Will Drive Future Upside

Analysts have reduced their price target for Mueller Water Products by $1.00, reflecting a reassessment of future growth and profitability expectations. What's in the News Paul McAndrew will be appointed Chief Executive Officer of Mueller Water Products, effective February 9, 2026.
CNH
US$9.40
CNH Industrial
7D
-6.9%
1Y
-21.1%
DE
US$476.33
Deere
7D
0.6%
1Y
8.9%

DE: Technology Ecosystem Will Drive Earnings Recovery After Tariff Headwinds

Deere’s analyst price target increased slightly by $0.45 to $525.40. Analysts cite improving revenue growth, embedded technology advantages, and expectations for an earnings recovery in 2027 that are starting to be reflected in forecasts.
CAT
US$546.13
Caterpillar
7D
-1.3%
1Y
40.2%
PCAR
US$97.60
PACCAR
7D
1.1%
1Y
-14.4%

PCAR: Future Profit Margins Will Balance Out Tariff Relief and Demand Uncertainty

Analysts have modestly raised their price target on PACCAR to approximately $108, citing benefits from tariff relief under Section 232, improved margin visibility, and a slight uptick in profit margin projections, even as expectations for revenue growth remain tempered. Analyst Commentary Recent Street research reflects a range of perspectives on PACCAR's valuation and outlook, with analysts weighing the effects of tariff relief, margin trends, and sector demand.
ITW
US$241.10
Illinois Tool Works
7D
-1.7%
1Y
-10.7%
KITT
US$0.90
Nauticus Robotics
7D
-37.1%
1Y
-90.6%