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U.S. Machinery Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies190
  • 7D1.5%
  • 3M5.4%
  • 1Y5.7%
  • YTD18.1%

In the last week, the Machinery industry is up 1.5%, with PACCAR up 9.4%. This means that the industry has gained 5.7% over the past year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Nov 2025US$1.2tUS$449.1bUS$43.9b23.7x27.6x2.7x
Wed, 22 Oct 2025US$1.2tUS$445.5bUS$44.6b24.6x26.7x2.7x
Fri, 19 Sep 2025US$1.1tUS$447.0bUS$44.2b24.2x25.8x2.5x
Sun, 17 Aug 2025US$1.1tUS$446.8bUS$44.2b23.7x25.3x2.5x
Tue, 15 Jul 2025US$1.1tUS$449.5bUS$44.6b23.4x25.1x2.5x
Thu, 12 Jun 2025US$1.1tUS$449.1bUS$44.5b23.3x23.9x2.4x
Sat, 10 May 2025US$1.0tUS$451.6bUS$45.3b22.1x22.1x2.2x
Mon, 07 Apr 2025US$887.8bUS$457.1bUS$48.6b18.6x18.3x1.9x
Wed, 05 Mar 2025US$1.0tUS$458.2bUS$48.0b21.4x21.6x2.3x
Fri, 31 Jan 2025US$1.1tUS$462.7bUS$47.6b23.5x23.3x2.4x
Sun, 29 Dec 2024US$1.1tUS$467.6bUS$47.9b22.6x22x2.2x
Tue, 26 Nov 2024US$1.1tUS$467.6bUS$48.0b25.7x23.5x2.4x
Thu, 24 Oct 2024US$1.1tUS$474.1bUS$49.3b21.2x21.5x2.2x
Sat, 21 Sep 2024US$1.0tUS$474.2bUS$49.4b21.4x21.1x2.2x
Mon, 19 Aug 2024US$978.5bUS$474.2bUS$49.0b21.3x20x2.1x
Wed, 17 Jul 2024US$1.0tUS$476.7bUS$51.6b22x19.4x2.1x
Fri, 14 Jun 2024US$976.7bUS$477.0bUS$51.3b22.3x19x2x
Sun, 12 May 2024US$1.0tUS$479.5bUS$51.8b22.2x20x2.2x
Tue, 09 Apr 2024US$1.1tUS$478.2bUS$48.1b23.6x22.2x2.2x
Thu, 07 Mar 2024US$994.0bUS$477.3bUS$47.4b24.5x21x2.1x
Sat, 03 Feb 2024US$991.8bUS$485.3bUS$48.3b23.1x20.6x2x
Mon, 01 Jan 2024US$969.0bUS$484.8bUS$47.9b22.8x20.2x2x
Wed, 29 Nov 2023US$883.5bUS$484.0bUS$47.7b20.3x18.5x1.8x
Fri, 27 Oct 2023US$822.7bUS$478.0bUS$45.4b18.2x18.1x1.7x
Sun, 24 Sep 2023US$868.8bUS$475.0bUS$44.4b19.8x19.6x1.8x
Tue, 22 Aug 2023US$897.3bUS$475.1bUS$44.5b19.8x20.2x1.9x
Thu, 20 Jul 2023US$954.6bUS$459.8bUS$40.2b20.8x23.7x2.1x
Sat, 17 Jun 2023US$894.8bUS$460.9bUS$40.5b20.1x22.1x1.9x
Mon, 15 May 2023US$803.9bUS$456.5bUS$39.7b18.2x20.2x1.8x
Wed, 12 Apr 2023US$812.8bUS$444.6bUS$38.3b20.5x21.2x1.8x
Fri, 10 Mar 2023US$858.2bUS$443.0bUS$38.0b22.2x22.6x1.9x
Sun, 05 Feb 2023US$878.4bUS$447.0bUS$36.6b24.6x24x2x
Tue, 03 Jan 2023US$813.8bUS$439.3bUS$35.9b20.3x22.7x1.9x
Thu, 01 Dec 2022US$840.8bUS$439.6bUS$35.7b21.4x23.5x1.9x
Price to Earnings Ratio

23.5x


Total Market Cap: US$840.8bTotal 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 27.6x 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 2.7x.
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-1.31%
Industrials-0.69%
Machinery1.53%
Agricultural Machinery1.84%
Construction Machinery and Vehicles1.54%
Industrial Machinery1.43%
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 Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.1x.
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
PCAR PACCARUS$102.999.4%
+US$4.6b		-11.6%PE20.1x
DE DeereUS$487.242.4%
+US$3.0b		5.3%PE25.3x
PH Parker-HannifinUS$839.572.3%
+US$2.3b		19.2%PE29.1x
CMI CumminsUS$472.513.6%
+US$2.3b		25.9%PE24.4x
IR Ingersoll RandUS$78.546.6%
+US$1.9b		-25.4%PE56.9x

Latest News

ITT
US$178.99
ITT
7D
-1.7%
1Y
12.1%
FTV
US$52.82
Fortive
7D
4.6%
1Y
-33.7%
CAT
US$550.43
Caterpillar
7D
-0.3%
1Y
35.7%

CAT: Future Performance Will Balance Demand Momentum And Rising Tariff Headwinds

Caterpillar's analyst price target has increased from $559 to $588. This reflects growing confidence among analysts due to strong recent earnings and an improved demand outlook across key segments.
SPXC
US$204.57
SPX Technologies
7D
-1.3%
1Y
12.7%
XYL
US$140.39
Xylem
7D
-0.4%
1Y
8.9%
RBC
US$426.16
RBC Bearings
7D
-0.7%
1Y
25.8%

RBC: Improved Earnings Guidance And Share Repurchase Signal Uptrend Ahead

Analysts have raised their price target for RBC Bearings from $458.17 to $472.00. This reflects modest improvements in revenue growth forecasts and updated valuation assumptions.
IR
US$78.54
Ingersoll Rand
7D
6.6%
1Y
-25.4%

IR: Share Repurchases And Higher Margins Will Support Future Performance

Narrative Update: Ingersoll Rand Analyst Price Target Adjustment Analysts have slightly lowered their fair value estimate for Ingersoll Rand from $89.67 to $87.70, citing marginal adjustments to growth and discount rate assumptions. What's in the News Between July 1, 2025 and September 30, 2025, Ingersoll Rand repurchased 2,481,978 shares, or 0.62% of shares outstanding, for $192.85 million.
IEX
US$170.65
IDEX
7D
4.8%
1Y
-27.7%
PH
US$839.57
Parker-Hannifin
7D
2.3%
1Y
19.2%
ALH
US$23.36
Alliance Laundry Holdings
7D
-3.4%
1Y
n/a
CMI
US$472.51
Cummins
7D
3.6%
1Y
25.9%
CNH
US$9.69
CNH Industrial
7D
-0.7%
1Y
-23.4%
DE
US$487.24
Deere
7D
2.4%
1Y
5.3%

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.
PCAR
US$102.99
PACCAR
7D
9.4%
1Y
-11.6%

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.
SYM
US$53.64
Symbotic
7D
-5.7%
1Y
43.2%

SYM: Stretch in Current Rally May Worsen With Deployment Slowdown Risk

Symbotic's analyst price target has seen modest upward revisions to $50, as analysts weigh recent progress in system deployments alongside concerns over valuation and customer expansion. Analyst Commentary Recent analyst coverage has provided a spectrum of opinions on Symbotic, reflecting both confidence in the company’s technological potential and caution around its near-term execution and valuation.
ITW
US$247.77
Illinois Tool Works
7D
2.6%
1Y
-10.3%