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U.S. Construction Machinery and Vehicles Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies36
  • 7D9.5%
  • 3M18.7%
  • 1Y116.5%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has risen 9.5%, driven by gains from Caterpillar of 10%. This takes the industry's 12 month performance to a gain of 116%. 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
Sun, 12 Apr 2026US$618.9bUS$183.5bUS$18.1b24.9x34.2x3.4x
Tue, 10 Mar 2026US$547.6bUS$183.6bUS$17.9b22.9x30.6x3x
Thu, 05 Feb 2026US$568.6bUS$182.5bUS$17.6b25x32.3x3.1x
Sat, 03 Jan 2026US$477.8bUS$183.3bUS$18.5b21.5x25.9x2.6x
Mon, 01 Dec 2025US$473.5bUS$183.2bUS$18.5b20.6x25.6x2.6x
Wed, 29 Oct 2025US$439.7bUS$181.9bUS$18.6b20.4x23.6x2.4x
Fri, 26 Sep 2025US$407.3bUS$183.6bUS$18.3b19.4x22.2x2.2x
Sun, 24 Aug 2025US$392.8bUS$183.5bUS$18.3b18.8x21.4x2.1x
Tue, 22 Jul 2025US$370.3bUS$185.0bUS$19.1b16.7x19.4x2x
Thu, 19 Jun 2025US$333.7bUS$184.7bUS$19.0b15.6x17.5x1.8x
Sat, 17 May 2025US$336.0bUS$184.6bUS$19.0b14.7x17.7x1.8x
Mon, 14 Apr 2025US$290.1bUS$188.3bUS$21.5b11x13.5x1.5x
Wed, 12 Mar 2025US$336.1bUS$189.0bUS$21.5b12.4x15.6x1.8x
Fri, 07 Feb 2025US$359.4bUS$189.1bUS$21.8b12.9x16.5x1.9x
Sun, 05 Jan 2025US$354.5bUS$191.1bUS$20.3b12.5x17.5x1.9x
Tue, 03 Dec 2024US$389.2bUS$191.5bUS$20.3b13x19.2x2x
Thu, 31 Oct 2024US$363.5bUS$191.9bUS$20.3b12.4x17.9x1.9x
Sat, 28 Sep 2024US$357.3bUS$192.4bUS$20.8b12.6x17.2x1.9x
Mon, 26 Aug 2024US$331.4bUS$192.5bUS$20.8b12.1x15.9x1.7x
Wed, 24 Jul 2024US$337.5bUS$192.0bUS$21.0b15x16x1.8x
Fri, 21 Jun 2024US$319.5bUS$192.2bUS$21.0b14.2x15.2x1.7x
Sun, 19 May 2024US$340.5bUS$192.4bUS$20.7b15.3x16.5x1.8x
Tue, 16 Apr 2024US$351.6bUS$191.3bUS$17.9b15.2x19.7x1.8x
Thu, 14 Mar 2024US$327.7bUS$190.2bUS$17.4b15.2x18.9x1.7x
Sat, 10 Feb 2024US$311.4bUS$189.6bUS$16.8b15.8x18.5x1.6x
Mon, 08 Jan 2024US$287.2bUS$191.4bUS$17.2b13.7x16.7x1.5x
Wed, 06 Dec 2023US$265.9bUS$190.2bUS$17.1b13.8x15.6x1.4x
Fri, 03 Nov 2023US$241.1bUS$190.1bUS$16.8b13.4x14.3x1.3x
Sun, 01 Oct 2023US$271.2bUS$185.6bUS$15.4b16x17.6x1.5x
Tue, 29 Aug 2023US$272.1bUS$185.5bUS$15.4b16.2x17.7x1.5x
Thu, 27 Jul 2023US$272.0bUS$178.1bUS$14.0b17.5x19.5x1.5x
Sat, 24 Jun 2023US$247.3bUS$176.1bUS$13.4b17x18.5x1.4x
Mon, 22 May 2023US$227.8bUS$176.1bUS$13.4b18.2x17x1.3x
Wed, 19 Apr 2023US$237.4bUS$168.3bUS$12.5b17.5x18.9x1.4x
Price to Earnings Ratio

18.9x


Total Market Cap: US$237.4bTotal 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 34.2x 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 Market3.38%
Industrials4.82%
Machinery7.62%
Construction Machinery and Vehicles9.53%
Industrial Machinery6.57%
Agricultural Machinery5.36%
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$790.6610.2%
+US$34.2b		169.4%PE41.4x
CMI CumminsUS$616.1412.1%
+US$9.2b		115.5%PE30x
PCAR PACCARUS$127.197.5%
+US$4.7b		40.6%PE28.2x
WAB Westinghouse Air Brake TechnologiesUS$267.285.3%
+US$2.3b		55.6%PE39x
ALSN Allison Transmission HoldingsUS$128.519.8%
+US$951.8m		44.7%PE17.1x

Latest News

GBX
US$52.15
Greenbrier Companies
7D
-1.1%
1Y
28.0%

GBX: Higher Discount Rates Will Limit Upside Even As Margins Improve

Analysts have trimmed Greenbrier Companies' implied value, with the updated price target moving about $5 lower as they factor in slightly higher discount rates, modestly different revenue assumptions, improved profit margin expectations, and a reduced future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts who recently raised their price targets point to room for execution gains, which they see as supportive of higher implied value even with adjusted assumptions.
CAT
US$790.66
Caterpillar
7D
10.2%
1Y
169.4%
ATMU
US$63.20
Atmus Filtration Technologies
7D
9.7%
1Y
90.6%

Atmus Filtration Technologies' Surge Isn't A Good Reason To Turn Optimistic

Apr 10
WAB
US$267.28
Westinghouse Air Brake Technologies
7D
5.3%
1Y
55.6%

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.
TEX
US$63.18
Terex
7D
8.0%
1Y
80.7%

TEX: 2026 Re Rating Will Rely On REV Synergy Delivery

Analysts have nudged the Terex fair value estimate slightly lower to about $77 from roughly $79. They still point to support from improved sentiment in the Aerials business, expected cost synergies from the REV Group deal, and a series of higher Street price targets following recent earnings and guidance updates.
CMI
US$616.14
Cummins
7D
12.1%
1Y
115.5%
PCAR
US$127.19
PACCAR
7D
7.5%
1Y
40.6%

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$128.51
Allison Transmission Holdings
7D
9.8%
1Y
44.7%

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.
FSS
US$115.04
Federal Signal
7D
5.3%
1Y
50.9%
GP
US$0.97
GreenPower Motor
7D
-6.7%
1Y
-77.4%