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U.S. Construction Machinery and Vehicles Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies36
  • 7D-0.6%
  • 3M12.7%
  • 1Y114.3%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has risen 8.8%, driven by gains from Cummins of 0.8%. In the last 12 months, the industry was up 117%. Looking forward, 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
Thu, 16 Apr 2026US$620.1bUS$183.5bUS$18.1b24.5x34.2x3.4x
Sat, 14 Mar 2026US$552.6bUS$183.6bUS$17.9b22.2x30.9x3x
Mon, 09 Feb 2026US$582.7bUS$182.6bUS$17.8b25.1x32.8x3.2x
Wed, 07 Jan 2026US$505.3bUS$183.3bUS$18.5b22.7x27.4x2.8x
Fri, 05 Dec 2025US$485.6bUS$183.2bUS$18.5b21.3x26.3x2.7x
Sun, 02 Nov 2025US$461.3bUS$183.0bUS$18.7b19.8x24.6x2.5x
Tue, 30 Sep 2025US$408.2bUS$183.6bUS$18.3b19.7x22.3x2.2x
Thu, 28 Aug 2025US$389.6bUS$183.5bUS$18.3b19x21.3x2.1x
Sat, 26 Jul 2025US$382.6bUS$183.8bUS$18.7b17.4x20.4x2.1x
Mon, 23 Jun 2025US$334.3bUS$184.7bUS$19.0b15.6x17.6x1.8x
Wed, 21 May 2025US$339.1bUS$184.6bUS$19.0b14.8x17.8x1.8x
Fri, 18 Apr 2025US$285.0bUS$188.3bUS$21.5b10.7x13.2x1.5x
Sun, 16 Mar 2025US$326.0bUS$188.4bUS$21.6b12.1x15.1x1.7x
Tue, 11 Feb 2025US$361.3bUS$189.1bUS$21.8b13x16.6x1.9x
Thu, 09 Jan 2025US$356.5bUS$191.1bUS$20.3b12.2x17.6x1.9x
Sat, 07 Dec 2024US$384.5bUS$191.5bUS$20.3b12.9x18.9x2x
Mon, 04 Nov 2024US$356.4bUS$191.4bUS$20.2b11.5x17.6x1.9x
Wed, 02 Oct 2024US$358.0bUS$192.4bUS$20.8b12.5x17.2x1.9x
Fri, 30 Aug 2024US$329.3bUS$192.5bUS$20.8b12.1x15.8x1.7x
Sun, 28 Jul 2024US$333.2bUS$192.0bUS$21.0b14x15.8x1.7x
Tue, 25 Jun 2024US$319.0bUS$192.2bUS$21.9b14.1x14.6x1.7x
Thu, 23 May 2024US$342.2bUS$192.4bUS$20.7b15.2x16.6x1.8x
Sat, 20 Apr 2024US$342.7bUS$191.3bUS$17.9b15.1x19.2x1.8x
Mon, 18 Mar 2024US$334.6bUS$189.9bUS$17.7b15.2x18.9x1.8x
Wed, 14 Feb 2024US$308.2bUS$189.6bUS$16.8b15.7x18.4x1.6x
Fri, 12 Jan 2024US$290.3bUS$191.4bUS$17.2b13.4x16.9x1.5x
Sun, 10 Dec 2023US$268.7bUS$190.2bUS$17.1b14.2x15.7x1.4x
Tue, 07 Nov 2023US$251.4bUS$190.1bUS$16.9b13.4x14.9x1.3x
Thu, 05 Oct 2023US$269.7bUS$185.6bUS$15.4b15.5x17.5x1.5x
Sat, 02 Sep 2023US$281.1bUS$185.6bUS$15.4b17.1x18.2x1.5x
Mon, 31 Jul 2023US$274.0bUS$178.7bUS$14.0b18.4x19.5x1.5x
Wed, 28 Jun 2023US$253.8bUS$176.1bUS$13.4b17.4x19x1.4x
Fri, 26 May 2023US$222.4bUS$176.0bUS$13.4b16.1x16.6x1.3x
Sun, 23 Apr 2023US$234.0bUS$168.3bUS$12.5b17.5x18.7x1.4x
Price to Earnings Ratio

18.7x


Total Market Cap: US$234.0bTotal Earnings: US$12.5bTotal Revenue: US$168.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Machinery and Vehicles Industry Price to Earnings3Y Average 19.3x202420252026
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 34.3x which is higher than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 1.9x 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 13% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Market3.42%
Industrials0.93%
Machinery-1.08%
Construction Machinery and Vehicles-0.62%
Industrial Machinery-0.20%
Agricultural Machinery-5.33%
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
CMI CumminsUS$601.460.8%
+US$665.0m		114.4%PE29.2x
MVST Microvast HoldingsUS$1.9223.1%
+US$118.9m		16.4%PS1.5x
AEBI Aebi Schmidt HoldingUS$12.2113.4%
+US$111.5m		n/aPE97.1x
GBX Greenbrier CompaniesUS$51.414.9%
+US$73.6m		21.2%PE10.7x
ALSN Allison Transmission HoldingsUS$125.820.7%
+US$68.2m		42.7%PE16.8x

Latest News

ATMU
US$62.19
Atmus Filtration Technologies
7D
-1.5%
1Y
87.3%
CAT
US$770.17
Caterpillar
7D
-0.2%
1Y
165.4%
OSK
US$140.21
Oshkosh
7D
-10.5%
1Y
66.0%

Oshkosh: This Rally Isn't Over Yet, Though Macro Headwinds Loom

Apr 16
BLBD
US$62.10
Blue Bird
7D
1.4%
1Y
86.8%
HCAI
US$5.21
Huachen AI Parking Management Technology Holding
7D
-55.0%
1Y
-97.8%
GBX
US$51.41
Greenbrier Companies
7D
4.9%
1Y
21.2%
TEX
US$58.66
Terex
7D
-7.1%
1Y
72.1%
PLOW
US$44.97
Douglas Dynamics
7D
-0.6%
1Y
91.0%

PLOW: Constructive 2026 Outlook And Q4 Update Suggest Shares Are Fairly Priced

Analysts have lifted their price target range for Douglas Dynamics to about $48 to $50, up from $35 to $39. This reflects updated models after Q4 results and a view that the 2026 outlook is constructive while the recent share rally has brought the stock closer to fair value.
WAB
US$257.38
Westinghouse Air Brake Technologies
7D
-4.6%
1Y
51.7%

WAB: Buybacks And Rail Contracts Will Support Measured Future Returns

Analysts now set their price target for Westinghouse Air Brake Technologies at $291.67, in line with the prior $291.67. This reflects only slight tweaks to assumptions around the discount rate, revenue growth, profit margin, and future P/E rather than any major shift in their view of the stock.
CYD
US$42.29
China Yuchai International
7D
2.4%
1Y
198.2%

CYD: Higher Earnings Estimates And Fair Value View Will Support Shares

Analysts have raised their price target on China Yuchai International to $45 from $28, citing updated estimates following the recent earnings report, while still viewing the shares as fairly valued. Analyst Commentary Bearish analysts are treating the new US$45 price target as a reflection of updated earnings assumptions rather than a fresh endorsement of upside potential.
MTW
US$13.00
Manitowoc Company
7D
2.9%
1Y
73.8%
CMI
US$601.46
Cummins
7D
0.8%
1Y
114.4%
PCAR
US$123.48
PACCAR
7D
-0.6%
1Y
42.2%

PCAR: Higher Multiple Hopes Will Likely Struggle Against Cycle Execution Risks

The analyst price target for PACCAR has shifted from $95.31 to $109.00 as analysts factor in updated assumptions on revenue growth, profit margins, and a higher future P/E multiple following a series of recent target revisions from major firms. Analyst Commentary Recent Street research around PACCAR clusters around a series of price target adjustments, with several large firms, including JPMorgan, Citi, BofA, Morgan Stanley, and Wells Fargo, updating their views.
ALSN
US$125.82
Allison Transmission Holdings
7D
0.7%
1Y
42.7%

ALSN: Cost And Pricing Execution Will Support Future Earnings Durability

Allison Transmission's analyst price targets have moved higher into a $95 to $135 range, as analysts point to Q4 EBITDA outperformance driven by cost reductions and price increases, along with expectations for mid single digit plus growth in the Off-highway segment. Analyst Commentary Recent research updates on Allison Transmission point to a tighter, higher price target band between US$95 and US$135, with several bullish analysts reacting to Q4 execution and expectations for the Off-highway segment.
MVST
US$1.92
Microvast Holdings
7D
23.1%
1Y
16.4%

MVST: Expanded European Fleet Partnership Will Drive Long Term Upside Potential

Analysts have nudged their price target on Microvast Holdings slightly higher to $6.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that are broadly consistent with prior estimates.
AEBI
US$12.21
Aebi Schmidt Holding
7D
13.4%
1Y
n/a