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U.S. Construction Machinery and Vehicles Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies39
  • 7D2.5%
  • 3M20.5%
  • 1Y47.9%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has risen 2.5%, driven by gains from Caterpillar of 2.2%. In the last 12 months, the industry was up 48%. 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
Wed, 14 Jan 2026US$523.7bUS$183.1bUS$18.4b23.3x28.4x2.9x
Fri, 12 Dec 2025US$503.2bUS$183.3bUS$18.5b22x27.3x2.7x
Sun, 09 Nov 2025US$459.3bUS$182.9bUS$18.5b19.7x24.9x2.5x
Tue, 07 Oct 2025US$424.4bUS$183.6bUS$18.3b20.1x23.1x2.3x
Thu, 04 Sep 2025US$379.7bUS$183.6bUS$18.3b18.2x20.7x2.1x
Sat, 02 Aug 2025US$384.8bUS$183.5bUS$18.6b17.7x20.7x2.1x
Mon, 30 Jun 2025US$352.3bUS$184.7bUS$19.0b16x18.5x1.9x
Wed, 28 May 2025US$327.1bUS$184.6bUS$19.0b14.5x17.2x1.8x
Fri, 25 Apr 2025US$291.7bUS$188.4bUS$21.6b11.2x13.5x1.5x
Sun, 23 Mar 2025US$323.8bUS$188.4bUS$21.6b12.3x15x1.7x
Tue, 18 Feb 2025US$349.7bUS$189.4bUS$21.7b11.6x16.1x1.8x
Thu, 16 Jan 2025US$364.3bUS$191.2bUS$20.3b12.5x17.9x1.9x
Sat, 14 Dec 2024US$373.0bUS$191.4bUS$20.3b13.2x18.4x1.9x
Mon, 11 Nov 2024US$378.5bUS$191.4bUS$20.3b12.7x18.6x2x
Wed, 09 Oct 2024US$364.8bUS$192.4bUS$20.8b12.5x17.5x1.9x
Fri, 06 Sep 2024US$321.6bUS$192.4bUS$20.8b11.9x15.4x1.7x
Sun, 04 Aug 2024US$311.6bUS$192.8bUS$21.1b12.8x14.8x1.6x
Tue, 02 Jul 2024US$320.1bUS$192.2bUS$21.0b14.3x15.2x1.7x
Thu, 30 May 2024US$335.3bUS$192.4bUS$20.7b14.8x16.2x1.7x
Sat, 27 Apr 2024US$337.8bUS$191.8bUS$18.9b15x17.8x1.8x
Mon, 25 Mar 2024US$345.7bUS$189.9bUS$17.7b15.7x19.5x1.8x
Wed, 21 Feb 2024US$308.2bUS$189.8bUS$17.0b15.2x18.1x1.6x
Fri, 19 Jan 2024US$283.5bUS$191.4bUS$17.2b13.1x16.5x1.5x
Sun, 17 Dec 2023US$288.0bUS$191.4bUS$17.1b16x16.8x1.5x
Tue, 14 Nov 2023US$251.4bUS$190.2bUS$17.0b13.2x14.8x1.3x
Thu, 12 Oct 2023US$132.7bUS$120.9bUS$7.1b15.4x18.8x1.1x
Sat, 09 Sep 2023US$274.8bUS$185.5bUS$15.4b16.3x17.8x1.5x
Mon, 07 Aug 2023US$277.8bUS$184.9bUS$15.6b16.8x17.8x1.5x
Wed, 05 Jul 2023US$262.5bUS$176.3bUS$13.4b17.9x19.6x1.5x
Fri, 02 Jun 2023US$221.2bUS$176.0bUS$13.4b16.1x16.5x1.3x
Sun, 30 Apr 2023US$233.9bUS$173.3bUS$13.3b17.5x17.6x1.3x
Tue, 28 Mar 2023US$230.3bUS$167.8bUS$12.5b17.9x18.4x1.4x
Thu, 23 Feb 2023US$250.6bUS$167.6bUS$12.5b21.2x20.1x1.5x
Sat, 21 Jan 2023US$251.1bUS$159.4bUS$12.1b23.1x20.8x1.6x
Price to Earnings Ratio

20.8x


Total Market Cap: US$251.1bTotal Earnings: US$12.1bTotal Revenue: US$159.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Machinery and Vehicles Industry Price to Earnings3Y Average 18.4x202420252026
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 28.4x which is higher than its 3-year average PE of 18.4x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 4.7% 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 Market0.24%
Industrials1.41%
Machinery1.98%
Construction Machinery and Vehicles2.55%
Agricultural Machinery2.94%
Industrial Machinery1.29%
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$636.532.2%
+US$6.3b		71.3%PE32.1x
CMI CumminsUS$567.443.8%
+US$2.9b		55.8%PE29.4x
PCAR PACCARUS$119.432.0%
+US$1.2b		8.4%PE23.3x
WAB Westinghouse Air Brake TechnologiesUS$227.483.0%
+US$1.1b		14.8%PE33.1x
ALSN Allison Transmission HoldingsUS$105.964.3%
+US$364.5m		-8.7%PE12.6x

Latest News

GBX
US$48.40
Greenbrier Companies
7D
-1.4%
1Y
-26.7%
CAT
US$636.53
Caterpillar
7D
2.2%
1Y
71.3%
WAB
US$227.48
Westinghouse Air Brake Technologies
7D
3.0%
1Y
14.8%

WAB: MTA Order And Steady Guidance Will Support Balanced Future Returns

Narrative Update Overview Analysts have nudged their price target for Westinghouse Air Brake Technologies higher to about US$240 from roughly US$234, reflecting refinements to assumptions on discount rate, revenue growth, profit margin, and future P/E rather than a major shift in their overall view. What’s in the News Wabtec secured a US$386 million follow-on order from New York’s Metropolitan Transportation Authority for additional R255 hybrid battery diesel work locomotives, including both locomotives and spare parts, with deliveries scheduled to start in 2027 (Client Announcements).
CYD
US$43.25
China Yuchai International
7D
13.8%
1Y
324.9%

CYD: High Horsepower Market Share May Shape Balanced Long Term Outlook

Analysts have lifted their price target on China Yuchai International from about US$34 to roughly US$43. They point to stronger modeled revenue growth, updated profit and discount rate assumptions, and recent Street research highlighting its position in high horsepower diesel engines.
ALSN
US$105.96
Allison Transmission Holdings
7D
4.3%
1Y
-8.7%

ALSN: Medium Duty Truck Demand Concerns Will Constrain Future Upside

Analysts have trimmed their fair value estimate for Allison Transmission Holdings from US$84.00 to US$77.00, reflecting updated assumptions on discount rate, growth, margins and long term P/E in light of recent Street research. The new estimate balances confidence in value based pricing and core business execution with a more muted medium duty truck demand outlook.
PCAR
US$119.43
PACCAR
7D
2.0%
1Y
8.4%

PCAR: Future Returns Will Depend On Section 232 Relief And Truck Demand

The analyst price target for PACCAR has increased by about US$4 to roughly US$111, as analysts factor in Section 232 related cost benefits, improved margin visibility, and a slightly higher long term outlook for revenue growth and profitability, despite mixed signals on near term truck demand and margins. Analyst Commentary Recent research on PACCAR reflects a mixed but generally balanced stance, with analysts weighing tariff related benefits and margin visibility against questions on truck demand and near term profitability.
OSK
US$150.71
Oshkosh
7D
3.6%
1Y
62.0%
TRN
US$27.95
Trinity Industries
7D
-4.2%
1Y
-25.4%
HCAI
US$0.31
Huachen AI Parking Management Technology Holding
7D
-7.2%
1Y
n/a
CMI
US$567.44
Cummins
7D
3.8%
1Y
55.8%

CMI: Data Center Demand Will Reshape Earnings Profile Through Truck Cycle Trough

Narrative Update The analyst price target for Cummins has moved from US$417.82 to US$653.00 as analysts factor in a larger US$7b data center opportunity, improving unit profitability across the portfolio, and signs that the North America truck and on highway markets may be moving past peak weakness. Analyst Commentary Recent research has tilted more constructive on Cummins, with several bullish analysts highlighting data center exposure, earnings execution and a potentially less challenging backdrop in North America on highway markets.
FSS
US$117.39
Federal Signal
7D
2.5%
1Y
20.9%

Do Federal Signal's (NYSE:FSS) Earnings Warrant Your Attention?

Dec 31
Do Federal Signal's (NYSE:FSS) Earnings Warrant Your Attention?
KITT
US$0.89
Nauticus Robotics
7D
-16.0%
1Y
-95.0%