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U.S. Construction Machinery and Vehicles Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies37
  • 7D-1.8%
  • 3M25.9%
  • 1Y76.3%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has dropped 1.8%, driven by Caterpillar declining 2.2%. On the other hand Allison Transmission Holdings is actually up 5.5%. This takes the industry's 12 month performance to a gain of 76%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026US$597.5bUS$183.7bUS$17.9b25.4x33.4x3.3x
Mon, 26 Jan 2026US$526.1bUS$183.1bUS$18.4b23.5x28.5x2.9x
Wed, 24 Dec 2025US$487.9bUS$183.3bUS$18.5b21.8x26.4x2.7x
Fri, 21 Nov 2025US$450.5bUS$183.1bUS$18.5b19.2x24.4x2.5x
Sun, 19 Oct 2025US$432.2bUS$183.5bUS$19.0b19.3x22.8x2.4x
Tue, 16 Sep 2025US$391.8bUS$183.6bUS$18.3b19.5x21.4x2.1x
Thu, 14 Aug 2025US$379.3bUS$183.5bUS$18.3b19.1x20.7x2.1x
Sat, 12 Jul 2025US$366.4bUS$185.0bUS$19.1b15.5x19.2x2x
Mon, 09 Jun 2025US$336.1bUS$184.7bUS$19.0b15x17.7x1.8x
Wed, 07 May 2025US$309.5bUS$184.8bUS$19.0b13.5x16.3x1.7x
Fri, 04 Apr 2025US$321.0bUS$188.4bUS$21.5b11.3x14.9x1.7x
Sun, 02 Mar 2025US$342.0bUS$189.3bUS$21.7b12.8x15.8x1.8x
Tue, 28 Jan 2025US$385.0bUS$191.2bUS$20.3b12x18.9x2x
Thu, 26 Dec 2024US$356.6bUS$191.4bUS$20.3b12.3x17.6x1.9x
Sat, 23 Nov 2024US$377.3bUS$191.5bUS$20.3b13.1x18.6x2x
Mon, 21 Oct 2024US$369.7bUS$192.4bUS$20.8b13.2x17.8x1.9x
Wed, 18 Sep 2024US$329.0bUS$192.4bUS$21.0b12.4x15.7x1.7x
Fri, 16 Aug 2024US$318.5bUS$192.4bUS$20.8b11.7x15.3x1.7x
Sun, 14 Jul 2024US$323.8bUS$192.0bUS$21.0b14.4x15.4x1.7x
Tue, 11 Jun 2024US$322.0bUS$192.3bUS$20.7b14.3x15.6x1.7x
Thu, 09 May 2024US$331.7bUS$192.2bUS$20.6b14.9x16.1x1.7x
Sat, 06 Apr 2024US$355.7bUS$191.3bUS$17.9b16.1x19.9x1.9x
Mon, 04 Mar 2024US$326.9bUS$190.2bUS$17.1b17.2x19.1x1.7x
Wed, 31 Jan 2024US$302.5bUS$192.6bUS$17.7b13.8x17.1x1.6x
Fri, 29 Dec 2023US$296.1bUS$191.4bUS$17.1b16.6x17.3x1.5x
Sun, 26 Nov 2023US$259.0bUS$190.2bUS$17.1b13.6x15.2x1.4x
Tue, 24 Oct 2023US$249.6bUS$185.6bUS$15.4b14.7x16.2x1.3x
Thu, 21 Sep 2023US$275.0bUS$185.6bUS$15.4b16.1x17.8x1.5x
Sat, 19 Aug 2023US$273.6bUS$185.5bUS$15.4b16.2x17.8x1.5x
Mon, 17 Jul 2023US$270.0bUS$176.4bUS$13.4b17.4x20.1x1.5x
Wed, 14 Jun 2023US$255.0bUS$176.1bUS$13.4b17.8x19.1x1.4x
Fri, 12 May 2023US$225.4bUS$176.1bUS$13.5b18.3x16.6x1.3x
Sun, 09 Apr 2023US$222.7bUS$167.8bUS$12.5b17.1x17.8x1.3x
Tue, 07 Mar 2023US$263.0bUS$167.7bUS$12.5b21.2x21.1x1.6x
Price to Earnings Ratio

21.1x


Total Market Cap: US$263.0bTotal Earnings: US$12.5bTotal Revenue: US$167.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Machinery and Vehicles Industry Price to Earnings3Y Average 18.8x202420252026
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 33.4x which is higher than its 3-year average PE of 18.8x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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 Market-0.67%
Industrials-0.37%
Machinery-2.07%
Construction Machinery and Vehicles-1.81%
Industrial Machinery-1.49%
Agricultural Machinery-4.68%
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
ALSN Allison Transmission HoldingsUS$125.395.5%
+US$491.3m		23.2%PE16.7x
ASTE Astec IndustriesUS$62.095.7%
+US$78.6m		74.5%PE36.6x
PLOW Douglas DynamicsUS$45.927.3%
+US$74.1m		69.8%PE23.1x
TEX TerexUS$68.790.9%
+US$70.5m		69.0%PE35.4x
TWIN Twin DiscUS$18.196.7%
+US$16.6m		111.0%PE12x

Latest News

ASTE
US$62.09
Astec Industries
7D
5.7%
1Y
74.5%
TEX
US$68.79
Terex
7D
0.9%
1Y
69.0%
FSS
US$116.43
Federal Signal
7D
-1.9%
1Y
43.2%
PLOW
US$45.92
Douglas Dynamics
7D
7.3%
1Y
69.8%

Municipal Demand And Replacement Cycle Tailwinds Will Support Stronger Long Term Prospects

Catalysts About Douglas Dynamics Douglas Dynamics designs and manufactures work truck attachments and solutions, including snow and ice control equipment and truck upfits for municipal and commercial customers. What are the underlying business or industry changes driving this perspective?
ALSN
US$125.39
Allison Transmission Holdings
7D
5.5%
1Y
23.2%
WAB
US$263.95
Westinghouse Air Brake Technologies
7D
-0.3%
1Y
42.4%
TWIN
US$18.19
Twin Disc
7D
6.7%
1Y
111.0%

TWIN: Disciplined Capital Allocation And Selective Acquisitions Will Support Future Upside Potential

Analysts have maintained their $24.00 price target on Twin Disc, citing only marginal tweaks to inputs such as discount rate, revenue growth, profit margin, and future P/E assumptions, rather than any material change in their underlying outlook. What's in the News Twin Disc is actively looking for acquisition opportunities, as discussed on its Fiscal Second Quarter 2026 conference call.
CMI
US$583.39
Cummins
7D
-1.7%
1Y
58.5%
CYD
US$50.48
China Yuchai International
7D
-9.8%
1Y
164.0%

CYD: Lower Future P/E And Execution Risks Will Pressure Shares

Analysts have raised their price target for China Yuchai International to $60, reflecting an updated fair value estimate of $29.07 and revised assumptions around revenue growth, profit margins and a lower future P/E multiple. Analyst Commentary UBS has initiated coverage on China Yuchai International with a Buy rating and a US$60 price target, anchored to a fair value estimate of US$29.07.
AEBI
US$14.44
Aebi Schmidt Holding
7D
-7.5%
1Y
n/a
PCAR
US$126.09
PACCAR
7D
-1.8%
1Y
17.6%

PCAR: Easing 2027 Emissions Rules Will Support Higher Margins And Premium Pricing

The analyst price target for PACCAR has been raised from $147.64 to $150.00, reflecting updated assumptions for slightly higher revenue growth, profit margins, and future P/E. This change is in line with a series of recent target increases from firms such as Morgan Stanley, Citi, Wells Fargo, BofA, and JPMorgan.
OSK
US$170.02
Oshkosh
7D
-3.1%
1Y
66.2%
MTW
US$14.75
Manitowoc Company
7D
2.0%
1Y
42.5%

MTW: Future Returns Will Likely Weaken As Lower Growth Meets Rich P/E

Analysts have raised their price target on Manitowoc Company by $1, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions discussed in recent Street research. Analyst Commentary Analysts increasing their price target by $1 are signaling a modest reset in how they see Manitowoc Company’s balance of risk and reward, based on updated assumptions around fair value, discount rate, revenue path, margin profile, and future P/E.
MVST
US$2.25
Microvast Holdings
7D
0.4%
1Y
38.0%

MVST: Stable Outlook And New CFO Appointment Will Support Future Upside

Analysts have trimmed their price target on Microvast Holdings to $6.50 from $6.50, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E, without a material shift in their overall view. What's in the News Microvast Holdings appointed Rodney Worthen as Chief Financial Officer, effective January 7, 2026, moving him from his prior role as Interim CFO and Vice President of Corporate Strategy (Key Developments).
CAT
US$742.83
Caterpillar
7D
-2.2%
1Y
116.0%

CAT: Data Center Power Demand Will Drive Future Multiple Repricing

Caterpillar's analyst price target has been raised from $790 to $850. Analysts cited updated assumptions for faster revenue growth, a slightly lower discount rate, and a higher future P/E multiple, partly offset by more moderate profit margin expectations.
GP
US$1.19
GreenPower Motor
7D
8.2%
1Y
-79.1%