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U.S. Machinery Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies190
  • 7D-1.9%
  • 3M7.6%
  • 1Y11.0%
  • YTD17.5%

Over the last 7 days, the Machinery industry has dropped 1.9%, driven by a pullback from Caterpillar of 1.6%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, 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
Sat, 15 Nov 2025US$1.2tUS$449.2bUS$43.8b24.1x28.2x2.8x
Mon, 13 Oct 2025US$1.1tUS$446.9bUS$44.9b23.4x25.3x2.5x
Wed, 10 Sep 2025US$1.1tUS$447.0bUS$44.2b24.7x25.4x2.5x
Fri, 08 Aug 2025US$1.1tUS$447.4bUS$44.2b23.2x25.5x2.5x
Sun, 06 Jul 2025US$1.1tUS$448.4bUS$44.6b23.9x25.1x2.5x
Tue, 03 Jun 2025US$1.0tUS$449.1bUS$44.6b22.9x23.3x2.3x
Thu, 01 May 2025US$957.7bUS$456.0bUS$47.7b21.2x20.1x2.1x
Sat, 29 Mar 2025US$1.0tUS$457.3bUS$48.2b20.3x21.2x2.2x
Mon, 24 Feb 2025US$1.1tUS$458.0bUS$48.0b23.7x22.3x2.3x
Wed, 22 Jan 2025US$1.1tUS$467.3bUS$47.9b24x22.9x2.4x
Fri, 20 Dec 2024US$1.1tUS$467.6bUS$47.9b22.5x22x2.2x
Sun, 17 Nov 2024US$1.1tUS$471.7bUS$49.0b24.1x22.4x2.3x
Tue, 15 Oct 2024US$1.1tUS$474.2bUS$49.4b21.5x21.8x2.3x
Thu, 12 Sep 2024US$968.7bUS$474.1bUS$49.5b20.5x19.6x2x
Sat, 10 Aug 2024US$955.9bUS$476.5bUS$50.2b21x19.1x2x
Mon, 08 Jul 2024US$945.2bUS$476.9bUS$51.6b19.7x18.3x2x
Wed, 05 Jun 2024US$974.5bUS$477.0bUS$51.3b22.1x19x2x
Fri, 03 May 2024US$989.2bUS$478.6bUS$51.7b21.1x19.1x2.1x
Sun, 31 Mar 2024US$1.1tUS$476.8bUS$47.9b23.9x22.2x2.2x
Tue, 27 Feb 2024US$987.1bUS$476.5bUS$47.5b24.3x20.8x2.1x
Thu, 25 Jan 2024US$956.3bUS$486.4bUS$48.3b22.6x19.8x2x
Sat, 23 Dec 2023US$964.1bUS$484.9bUS$47.8b22.8x20.2x2x
Mon, 20 Nov 2023US$880.7bUS$484.0bUS$47.5b20.4x18.5x1.8x
Wed, 18 Oct 2023US$884.2bUS$475.2bUS$44.4b20.3x19.9x1.9x
Fri, 15 Sep 2023US$886.2bUS$475.0bUS$44.4b20.3x20x1.9x
Sun, 13 Aug 2023US$936.8bUS$473.4bUS$43.5b20.6x21.5x2x
Tue, 11 Jul 2023US$916.2bUS$459.8bUS$40.2b20.5x22.8x2x
Thu, 08 Jun 2023US$835.4bUS$460.8bUS$40.4b20.3x20.7x1.8x
Sat, 06 May 2023US$821.6bUS$456.6bUS$40.0b18.9x20.5x1.8x
Mon, 03 Apr 2023US$847.5bUS$442.8bUS$37.4b21.9x22.7x1.9x
Wed, 01 Mar 2023US$857.7bUS$442.4bUS$38.1b22.9x22.5x1.9x
Fri, 27 Jan 2023US$861.0bUS$441.3bUS$36.9b23.3x23.3x2x
Sun, 25 Dec 2022US$816.3bUS$439.3bUS$35.9b20.3x22.7x1.9x
Tue, 22 Nov 2022US$823.3bUS$435.1bUS$34.6b21.6x23.8x1.9x
Price to Earnings Ratio

23.8x


Total Market Cap: US$823.3bTotal Earnings: US$34.6bTotal Revenue: US$435.1bTotal 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 28.2x 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 2.8x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 8.2% 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-0.42%
Industrials-1.58%
Machinery-1.92%
Agricultural Machinery1.46%
Construction Machinery and Vehicles-1.79%
Industrial Machinery-2.89%
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 16.5%, 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 15.8x.
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$476.231.8%
+US$2.3b		19.4%PE24.7x
CNH CNH IndustrialUS$10.054.0%
+US$486.1m		-7.8%PE21x
DOV DoverUS$183.121.5%
+US$382.7m		-9.0%PE23.7x
OSK OshkoshUS$124.582.6%
+US$197.4m		14.7%PE11.8x
GTLS Chart IndustriesUS$203.541.4%
+US$129.9m		22.9%PE216.8x

Latest News

XYL
US$142.73
Xylem
7D
-5.7%
1Y
17.2%
KMT
US$26.90
Kennametal
7D
2.4%
1Y
-5.5%
CMI
US$462.61
Cummins
7D
-2.3%
1Y
27.8%
PH
US$831.95
Parker-Hannifin
7D
-1.4%
1Y
19.0%
FTV
US$51.59
Fortive
7D
0.7%
1Y
-31.0%
DOV
US$183.12
Dover
7D
1.5%
1Y
-9.0%

DOV: Expanding Margins Will Drive Earnings Upside Despite Modest Topline Momentum

The analyst consensus price target for Dover has increased slightly from $214.44 to $214.72. Analysts cite the company’s margin expansion through cost containment and positive product mix, despite modest revenue growth.
CNH
US$10.05
CNH Industrial
7D
4.0%
1Y
-7.8%
ESE
US$220.37
ESCO Technologies
7D
1.9%
1Y
52.7%

Investors Still Waiting For A Pull Back In ESCO Technologies Inc. (NYSE:ESE)

Nov 08
Investors Still Waiting For A Pull Back In ESCO Technologies Inc. (NYSE:ESE)
DE
US$476.23
Deere
7D
1.8%
1Y
19.4%

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.
OTIS
US$88.77
Otis Worldwide
7D
-2.5%
1Y
-10.4%

Otis Worldwide's (NYSE:OTIS) Soft Earnings Are Actually Better Than They Appear

Nov 07
Otis Worldwide's (NYSE:OTIS) Soft Earnings Are Actually Better Than They Appear
CAT
US$554.03
Caterpillar
7D
-1.6%
1Y
44.3%
PCAR
US$95.59
PACCAR
7D
-3.1%
1Y
-14.8%

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.
GTLS
US$203.54
Chart Industries
7D
1.4%
1Y
22.9%
SYM
US$58.18
Symbotic
7D
-16.6%
1Y
97.3%

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.
IR
US$75.47
Ingersoll Rand
7D
-2.6%
1Y
-26.3%

IR: Share Repurchase Momentum And Margin Expansion Will Drive Future Upside

Analysts have slightly reduced their price target for Ingersoll Rand from $90 to about $89.67 per share. This change reflects updated expectations for revenue growth and margins in the company’s outlook.
OSK
US$124.58
Oshkosh
7D
2.6%
1Y
14.7%

Oshkosh Corporation Recorded A 5.1% Miss On Revenue: Analysts Are Revisiting Their Models

Nov 01
Oshkosh Corporation Recorded A 5.1% Miss On Revenue: Analysts Are Revisiting Their Models