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U.S. Construction Machinery and Vehicles Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies38
  • 7D4.6%
  • 3M10.3%
  • 1Y99.8%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has remained flat, although notably Cummins declined by 3.0%. The past year has been better, since the industry has gained 98% in that time. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026US$643.0bUS$188.0bUS$18.0b26.3x35.7x3.4x
Fri, 24 Apr 2026US$627.7bUS$183.8bUS$18.1b24.2x34.8x3.4x
Sun, 22 Mar 2026US$537.0bUS$183.8bUS$18.0b21.9x29.8x2.9x
Tue, 17 Feb 2026US$609.5bUS$183.2bUS$17.9b28.1x34x3.3x
Thu, 15 Jan 2026US$528.3bUS$183.1bUS$18.4b23.3x28.6x2.9x
Sat, 13 Dec 2025US$508.4bUS$183.3bUS$18.5b21.7x27.5x2.8x
Mon, 10 Nov 2025US$459.3bUS$182.9bUS$18.5b19.7x24.9x2.5x
Wed, 08 Oct 2025US$424.3bUS$183.5bUS$19.0b19.8x22.4x2.3x
Fri, 05 Sep 2025US$377.4bUS$183.6bUS$18.3b18.9x20.6x2.1x
Sun, 03 Aug 2025US$376.0bUS$183.4bUS$18.6b17.7x20.2x2.1x
Tue, 01 Jul 2025US$352.4bUS$184.7bUS$19.0b16.2x18.5x1.9x
Thu, 29 May 2025US$334.7bUS$184.6bUS$19.0b14.6x17.6x1.8x
Sat, 26 Apr 2025US$302.3bUS$188.4bUS$21.6b11.6x14x1.6x
Mon, 24 Mar 2025US$323.8bUS$188.4bUS$21.6b12.3x15x1.7x
Wed, 19 Feb 2025US$349.7bUS$189.4bUS$21.7b11.6x16.1x1.8x
Fri, 17 Jan 2025US$365.2bUS$191.2bUS$20.3b12.5x18x1.9x
Sun, 15 Dec 2024US$372.0bUS$191.4bUS$20.3b13.2x18.3x1.9x
Tue, 12 Nov 2024US$378.4bUS$191.4bUS$20.3b13x18.6x2x
Thu, 10 Oct 2024US$359.1bUS$192.4bUS$20.8b12.7x17.2x1.9x
Sat, 07 Sep 2024US$314.0bUS$192.4bUS$20.8b11.6x15.1x1.6x
Mon, 05 Aug 2024US$311.6bUS$192.8bUS$21.1b12.8x14.8x1.6x
Wed, 03 Jul 2024US$315.6bUS$192.2bUS$21.0b13.9x15x1.6x
Fri, 31 May 2024US$328.7bUS$192.4bUS$20.7b15.4x15.9x1.7x
Sun, 28 Apr 2024US$337.8bUS$191.8bUS$18.9b15x17.8x1.8x
Tue, 26 Mar 2024US$345.7bUS$189.9bUS$17.7b15.6x19.5x1.8x
Thu, 22 Feb 2024US$308.2bUS$189.8bUS$17.0b15.3x18.1x1.6x
Sat, 20 Jan 2024US$286.1bUS$191.4bUS$17.2b13.4x16.7x1.5x
Mon, 18 Dec 2023US$288.0bUS$191.4bUS$17.1b16x16.8x1.5x
Wed, 15 Nov 2023US$251.4bUS$190.2bUS$17.1b13.8x14.7x1.3x
Fri, 13 Oct 2023US$271.8bUS$185.6bUS$15.4b15.8x17.6x1.5x
Sun, 10 Sep 2023US$276.2bUS$185.5bUS$15.4b16.3x17.9x1.5x
Tue, 08 Aug 2023US$281.3bUS$184.8bUS$15.6b17.1x18x1.5x
Thu, 06 Jul 2023US$258.8bUS$176.3bUS$13.4b17.6x19.3x1.5x
Sat, 03 Jun 2023US$236.2bUS$176.0bUS$13.4b16.4x17.6x1.3x
Price to Earnings Ratio

17.6x


Total Market Cap: US$236.2bTotal Earnings: US$13.4bTotal Revenue: US$176.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Machinery and Vehicles Industry Price to Earnings3Y Average 20x202420252026
Current Industry PE
  • Investors are optimistic on the American Construction Machinery and Heavy Trucks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.7x which is higher than its 3-year average PE of 20.0x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Construction Machinery and Vehicles compare with similar industries?

US Market2.46%
Industrials4.18%
Machinery3.53%
Construction Machinery and Vehicles4.57%
Industrial Machinery4.76%
Agricultural Machinery-3.98%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CAT CaterpillarUS$908.555.6%
+US$22.3b		158.5%PE44.4x
PCAR PACCARUS$112.012.4%
+US$1.4b		17.9%PE23.8x
CMI CumminsUS$668.751.4%
+US$1.3b		105.0%PE34.5x
WAB Westinghouse Air Brake TechnologiesUS$261.472.4%
+US$1.0b		28.7%PE36.8x
OSK OshkoshUS$129.428.7%
+US$642.8m		28.1%PE14x

Latest News

FSS
US$116.54
Federal Signal
7D
6.4%
1Y
22.1%
TEX
US$59.27
Terex
7D
7.0%
1Y
25.5%
Seeking Alpha • 8h

Terex: I Need To See Profitability Substantially Improving

Summary Terex completed a transformative merger with REV Group, creating a new specialty vehicles segment that is now its second-largest revenue contributor. Despite 41% sales growth, underlying margin deterioration and integration challenges persist, with Q1 EBITDA dropping to ($7 million) from $106 million last year. Management guides 2026 revenue of $7.5 billion–$8.1 billion and EBITDA of $930 million–$1 billion, but margin recovery is critical as guidance is $100 million below consensus at midpoint. I remain on the sidelines, monitoring TEX’s ability to realize $75 million in synergies, restore margins, and shift mix toward high-margin, less-cyclical segments. Read the full article on Seeking Alpha
TRN
US$32.25
Trinity Industries
7D
-2.9%
1Y
24.1%
WAB
US$261.47
Westinghouse Air Brake Technologies
7D
2.4%
1Y
28.7%
CMI
US$668.75
Cummins
7D
1.4%
1Y
105.0%
CAT
US$908.55
Caterpillar
7D
5.6%
1Y
158.5%
Narrative Update • May 19

CAT: Future Returns Will Reflect Data Center Power And Physical AI Opportunities

Caterpillar's updated analyst price target framework moves from a fair value of about $754 to roughly $913, with analysts generally pointing to firmer profit margin assumptions and a higher future P/E multiple as key drivers of the change, even as they apply a slightly higher discount rate and trim revenue growth expectations. Analyst Commentary Recent Street research on Caterpillar clusters around a consistent theme, with a series of higher price targets and at least one fresh upgrade.
OSK
US$129.42
Oshkosh
7D
8.7%
1Y
28.1%
ALSN
US$114.09
Allison Transmission Holdings
7D
5.6%
1Y
9.1%
PCAR
US$112.01
PACCAR
7D
2.4%
1Y
17.9%
GP
US$1.07
GreenPower Motor
7D
-1.8%
1Y
-75.7%
SCAG
US$0.54
Scage Future
7D
-15.5%
1Y
n/a