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U.S. Machinery Industry Analysis

UpdatedOct 25, 2025
DataAggregated Company Financials
Companies188
  • 7D1.7%
  • 3M4.5%
  • 1Y14.8%
  • YTD16.6%

The Machinery industry is up 1.7% in the last week, with Parker-Hannifin up 5.2%. This means that the industry has gained 15% over the past year. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Oct 2025US$1.2tUS$445.7bUS$44.6b24.6x26.9x2.7x
Tue, 23 Sep 2025US$1.2tUS$447.0bUS$44.2b24.1x26.2x2.6x
Thu, 21 Aug 2025US$1.1tUS$446.8bUS$44.2b23.9x25.6x2.5x
Sat, 19 Jul 2025US$1.1tUS$449.5bUS$44.6b23.3x25.2x2.5x
Mon, 16 Jun 2025US$1.0tUS$449.2bUS$44.5b23x23.3x2.3x
Wed, 14 May 2025US$1.0tUS$451.6bUS$45.3b23.1x23.2x2.3x
Fri, 11 Apr 2025US$945.9bUS$457.0bUS$48.6b19.2x19.5x2.1x
Sun, 09 Mar 2025US$1.1tUS$458.0bUS$47.8b22.1x22.2x2.3x
Tue, 04 Feb 2025US$1.1tUS$463.9bUS$47.8b23.3x23.3x2.4x
Thu, 02 Jan 2025US$1.0tUS$467.6bUS$47.9b22.4x21.8x2.2x
Sat, 30 Nov 2024US$1.2tUS$467.6bUS$47.8b25.5x24.1x2.5x
Mon, 28 Oct 2024US$1.1tUS$473.9bUS$49.0b21.3x21.5x2.2x
Wed, 25 Sep 2024US$1.0tUS$474.2bUS$49.4b21.6x21x2.2x
Fri, 23 Aug 2024US$988.3bUS$474.2bUS$49.1b21.6x20.1x2.1x
Sun, 21 Jul 2024US$1.0tUS$476.7bUS$51.7b20.9x19.5x2.1x
Tue, 18 Jun 2024US$957.8bUS$477.0bUS$51.3b21.7x18.7x2x
Thu, 16 May 2024US$1.0tUS$479.5bUS$51.8b22.6x20.1x2.2x
Sat, 13 Apr 2024US$1.1tUS$478.1bUS$48.1b23.4x22x2.2x
Mon, 11 Mar 2024US$1.0tUS$477.2bUS$47.5b24.2x21.3x2.1x
Wed, 07 Feb 2024US$976.9bUS$475.2bUS$49.1b21.9x19.9x2.1x
Fri, 05 Jan 2024US$938.7bUS$485.4bUS$47.8b21.9x19.7x1.9x
Sun, 03 Dec 2023US$902.0bUS$483.9bUS$47.8b20.8x18.9x1.9x
Tue, 31 Oct 2023US$819.1bUS$478.5bUS$45.4b18.4x18.1x1.7x
Thu, 28 Sep 2023US$869.7bUS$475.1bUS$44.4b20.1x19.6x1.8x
Sat, 26 Aug 2023US$901.2bUS$475.1bUS$44.5b20x20.2x1.9x
Mon, 24 Jul 2023US$942.6bUS$461.2bUS$40.4b20.5x23.3x2x
Wed, 21 Jun 2023US$889.3bUS$460.9bUS$40.5b19.8x22x1.9x
Fri, 19 May 2023US$813.1bUS$456.7bUS$39.6b18.5x20.5x1.8x
Sun, 16 Apr 2023US$820.2bUS$444.6bUS$38.3b20x21.4x1.8x
Tue, 14 Mar 2023US$816.1bUS$443.0bUS$38.0b21.6x21.5x1.8x
Thu, 09 Feb 2023US$867.8bUS$437.5bUS$37.1b23.2x23.4x2x
Sat, 07 Jan 2023US$834.2bUS$439.6bUS$35.9b21.5x23.3x1.9x
Mon, 05 Dec 2022US$846.4bUS$439.7bUS$35.8b21.4x23.7x1.9x
Wed, 02 Nov 2022US$789.6bUS$429.7bUS$36.3b21.1x21.8x1.8x
Price to Earnings Ratio

21.8x


Total Market Cap: US$789.6bTotal Earnings: US$36.3bTotal Revenue: US$429.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 21.7x202320242025
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 26.9x which is higher than its 3-year average PE of 21.7x.
  • 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 7.1% 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 Market1.93%
Industrials2.24%
Machinery1.73%
Agricultural Machinery2.78%
Industrial Machinery1.95%
Construction Machinery and Vehicles1.06%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 30.3x.
    • Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 1.8% 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 18.0x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 1.8% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 13% 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
PH Parker-HannifinUS$772.005.2%
+US$4.9b		24.2%PE27.7x
DE DeereUS$472.763.1%
+US$3.9b		15.9%PE24.5x
PCAR PACCARUS$100.135.7%
+US$2.9b		-5.4%PE19.5x
DOV DoverUS$177.436.6%
+US$1.5b		-5.1%PE22.9x
CMI CumminsUS$421.452.3%
+US$1.3b		28.0%PE19.7x

Latest News

LNN
US$116.62
Lindsay
7D
-10.2%
1Y
-3.9%
DOV
US$177.43
Dover
7D
6.6%
1Y
-5.1%
ITW
US$245.75
Illinois Tool Works
7D
-1.4%
1Y
-3.3%
IR
US$79.78
Ingersoll Rand
7D
3.3%
1Y
-17.0%
WAB
US$197.63
Westinghouse Air Brake Technologies
7D
1.8%
1Y
4.7%

Landmark Deals And Share Buyback Will Drive Rail Demand Expansion

Analysts have raised their price target for Westinghouse Air Brake Technologies from $226.13 to $228.40, citing incremental improvements in revenue growth expectations and valuation metrics. What's in the News Completion of a major share buyback, with 6,901,485 shares repurchased for $1,146.91 million as part of the buyback program announced in February 2024 (Key Developments).
RBC
US$412.19
RBC Bearings
7D
10.6%
1Y
42.7%
KAI
US$291.01
Kadant
7D
-3.6%
1Y
-8.0%
PCAR
US$100.13
PACCAR
7D
5.7%
1Y
-5.4%

Analyst Commentary Highlights Mixed Outlook for PACCAR Amid Tariffs and Valuation Changes

Analysts have raised their price target for PACCAR from $103.50 to $107.00, citing improved structural cost advantages from recent tariff changes and a more optimistic outlook on revenue growth, despite lingering margin concerns. Analyst Commentary Recent analyst updates reflect a mixed but generally constructive view on PACCAR's outlook, with various factors contributing to both bullish and cautious perspectives on the company's valuation and future growth trajectory.
PH
US$772.00
Parker-Hannifin
7D
5.2%
1Y
24.2%

Analysts Raise Parker-Hannifin Price Target Amid Buybacks and Positive Earnings Outlook

Analysts have increased their price target for Parker-Hannifin from $797 to approximately $802.71, citing modest improvements in profit margin and stability in growth expectations. What's in the News On August 21, 2025, Parker-Hannifin increased its remaining number of shares authorized for repurchase to 20,000,000 shares (company filing).
CAT
US$522.73
Caterpillar
7D
-0.8%
1Y
35.4%

Analysts Debate Caterpillar Outlook as Price Targets Rise and Valuation Climbs Amid New Risks

The analyst price target for Caterpillar has increased from approximately $468 to $498. Analysts cite resilient margins, improved inventory management, and expectations for continued earnings growth despite ongoing tariff headwinds as key drivers of this upward revision.
SYM
US$65.10
Symbotic
7D
-5.0%
1Y
137.4%

Analysts Divided on Symbotic as Profit Margins Improve and Valuation Target Edges Higher

Analysts have raised Symbotic's fair value target from $50.13 to $50.82 per share, citing ongoing improvements in profit margin expectations. Views on valuation and deployment timing remain mixed.
JBTM
US$130.17
JBT Marel
7D
-0.9%
1Y
13.8%
ESAB
US$120.10
ESAB
7D
-1.5%
1Y
9.1%

Asia-Pacific And Middle East Markets Will Drive Automation Demand

Analysts have modestly raised ESAB's fair value estimate from $138.10 to $139.40. They cite ongoing market share gains in emerging markets and expectations for margin improvement, despite near-term revenue pressures.
CMI
US$421.45
Cummins
7D
2.3%
1Y
28.0%
DE
US$472.76
Deere
7D
3.1%
1Y
15.9%

Precision Agriculture And Automation Will Boost Global Reach

Deere's analyst price target has been modestly reduced to approximately $525 from $533. Analysts cite updated tariff headwinds, along with softening revenue growth and profit margin projections, in their revised outlooks.
MVST
US$5.69
Microvast Holdings
7D
-2.4%
1Y
2,563.9%

After Leaping 77% Microvast Holdings, Inc. (NASDAQ:MVST) Shares Are Not Flying Under The Radar

Oct 04
After Leaping 77% Microvast Holdings, Inc. (NASDAQ:MVST) Shares Are Not Flying Under The Radar