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U.S. Construction Machinery and Vehicles Industry Analysis

UpdatedAug 28, 2025
DataAggregated Company Financials
Companies40
  • 7D2.7%
  • 3M17.5%
  • 1Y21.5%
  • YTDn/a

The Construction Machinery and Vehicles industry is up 2.7% in the last week, with Caterpillar up 2.9%. This means that the industry has gained 22% over the past year. Earnings are forecast to grow by 12% 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, 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
Tue, 21 Mar 2023US$231.9bUS$167.8bUS$12.5b17.8x18.6x1.4x
Thu, 16 Feb 2023US$260.1bUS$167.1bUS$12.6b22.2x20.6x1.6x
Sat, 14 Jan 2023US$260.1bUS$159.4bUS$12.1b24x21.6x1.6x
Mon, 12 Dec 2022US$239.3bUS$159.8bUS$12.1b19.2x19.9x1.5x
Wed, 09 Nov 2022US$238.7bUS$159.6bUS$12.1b21.4x19.7x1.5x
Fri, 07 Oct 2022US$202.7bUS$152.4bUS$11.2b18.7x18.1x1.3x
Sun, 04 Sep 2022US$203.3bUS$152.5bUS$11.4b19.7x17.8x1.3x
Price to Earnings Ratio

17.8x


Total Market Cap: US$203.3bTotal Earnings: US$11.4bTotal Revenue: US$152.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Machinery and Vehicles Industry Price to Earnings3Y Average 17.8x202320242025
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 21.3x which is higher than its 3-year average PE of 17.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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 Market1.88%
Industrials1.87%
Machinery2.98%
Construction Machinery and Vehicles2.72%
Industrial Machinery3.89%
Agricultural Machinery0.47%
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$432.672.9%
+US$5.7b		24.3%PE21.5x
PCAR PACCARUS$101.443.3%
+US$1.7b		7.3%PE17.3x
CMI CumminsUS$401.401.3%
+US$695.8m		31.1%PE18.8x
WAB Westinghouse Air Brake TechnologiesUS$195.321.3%
+US$422.3m		18.0%PE29x
OSK OshkoshUS$143.444.6%
+US$400.0m		34.4%PE14.1x

Latest News

XOS
US$2.99
Xos
7D
-0.3%
1Y
-42.7%
OSK
US$143.44
Oshkosh
7D
4.6%
1Y
34.4%

Infrastructure Expansion And Electric Mobility Will Define Future Markets

Oshkosh's consensus price target was raised following upward earnings revisions, stronger Q2 results, and improved outlook on margins and tariff risks, leading analysts to lift fair value from $144.34 to $147.19. Analyst Commentary Bullish analysts see upwardly revised earnings estimates and the potential for further multiple expansion in the machinery sector following strong Q2 results.
REVG
US$54.56
REV Group
7D
8.0%
1Y
74.3%
CAT
US$432.67
Caterpillar
7D
2.9%
1Y
24.3%
ATMU
US$44.56
Atmus Filtration Technologies
7D
5.3%
1Y
31.8%
TEX
US$52.59
Terex
7D
8.7%
1Y
-6.6%
HCAI
US$0.63
Huachen AI Parking Management Technology Holding
7D
-2.9%
1Y
n/a

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough

Aug 16
Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough
WAB
US$195.32
Westinghouse Air Brake Technologies
7D
1.3%
1Y
18.0%

If EPS Growth Is Important To You, Westinghouse Air Brake Technologies (NYSE:WAB) Presents An Opportunity

Aug 10
If EPS Growth Is Important To You, Westinghouse Air Brake Technologies (NYSE:WAB) Presents An Opportunity
PCAR
US$101.44
PACCAR
7D
3.3%
1Y
7.3%
CMI
US$401.40
Cummins
7D
1.3%
1Y
31.1%

Data Centers And Electrification Will Unlock Future Opportunities

The upward revision in Cummins’ consensus price target reflects a modest increase in its forward P/E ratio while profit margins remain stable, resulting in a new fair value estimate of $386.44 per share. What's in the News Board of Directors approved ~10% increase in quarterly common stock dividend from $1.82 to $2.00 per share.