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U.S. Construction Machinery and Vehicles Industry Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies38
  • 7D-0.2%
  • 3M12.1%
  • 1Y84.5%
  • YTDn/a

Over the last 7 days, the Construction Machinery and Vehicles industry has dropped 1.4%, driven by Caterpillar declining 1.2%. In the past year, the industry has gained 80%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Jul 2026US$723.8bUS$214.8bUS$19.3b26.2x37.4x3.4x
Mon, 08 Jun 2026US$698.3bUS$215.3bUS$19.4b25.8x36x3.2x
Wed, 06 May 2026US$650.3bUS$186.9bUS$18.4b25.1x35.4x3.5x
Fri, 03 Apr 2026US$571.8bUS$183.6bUS$18.2b22.6x31.5x3.1x
Sun, 01 Mar 2026US$593.3bUS$183.7bUS$17.9b25.4x33.2x3.2x
Tue, 27 Jan 2026US$526.1bUS$183.2bUS$18.4b23.6x28.5x2.9x
Thu, 25 Dec 2025US$487.7bUS$183.3bUS$18.5b21.8x26.4x2.7x
Sat, 22 Nov 2025US$445.7bUS$183.1bUS$18.5b20x24.1x2.4x
Mon, 20 Oct 2025US$432.2bUS$183.5bUS$19.0b19.3x22.8x2.4x
Wed, 17 Sep 2025US$394.1bUS$183.6bUS$18.3b19.4x21.5x2.1x
Fri, 15 Aug 2025US$382.8bUS$183.5bUS$18.3b19x20.9x2.1x
Sun, 13 Jul 2025US$368.8bUS$185.0bUS$19.1b16.8x19.3x2x
Tue, 10 Jun 2025US$336.7bUS$184.7bUS$19.0b15.9x17.7x1.8x
Thu, 08 May 2025US$306.9bUS$184.7bUS$18.9b14x16.2x1.7x
Sat, 05 Apr 2025US$298.8bUS$188.4bUS$21.5b10.8x13.9x1.6x
Mon, 03 Mar 2025US$342.0bUS$189.3bUS$21.7b12.8x15.8x1.8x
Wed, 29 Jan 2025US$374.5bUS$190.1bUS$19.8b12.5x18.9x2x
Fri, 27 Dec 2024US$356.6bUS$191.4bUS$20.3b12.4x17.6x1.9x
Sun, 24 Nov 2024US$383.1bUS$191.5bUS$20.3b13.1x18.9x2x
Tue, 22 Oct 2024US$369.7bUS$192.4bUS$20.8b13.1x17.8x1.9x
Thu, 19 Sep 2024US$334.4bUS$192.4bUS$21.0b12.6x15.9x1.7x
Sat, 17 Aug 2024US$325.7bUS$192.4bUS$20.8b11.7x15.6x1.7x
Mon, 15 Jul 2024US$323.8bUS$192.0bUS$21.0b14.4x15.4x1.7x
Wed, 12 Jun 2024US$322.0bUS$192.3bUS$20.7b14.3x15.6x1.7x
Fri, 10 May 2024US$332.3bUS$192.3bUS$20.6b15.3x16.1x1.7x
Sun, 07 Apr 2024US$363.4bUS$191.3bUS$17.9b16.1x20.3x1.9x
Tue, 05 Mar 2024US$327.4bUS$190.2bUS$17.1b16.9x19.1x1.7x
Thu, 01 Feb 2024US$304.1bUS$192.6bUS$17.7b12.9x17.1x1.6x
Sat, 30 Dec 2023US$295.7bUS$191.4bUS$17.1b16.5x17.3x1.5x
Mon, 27 Nov 2023US$259.0bUS$190.2bUS$17.1b13.6x15.2x1.4x
Wed, 25 Oct 2023US$249.6bUS$185.6bUS$15.4b14.7x16.2x1.3x
Fri, 22 Sep 2023US$269.7bUS$185.6bUS$15.4b16x17.5x1.5x
Sun, 20 Aug 2023US$273.5bUS$185.5bUS$15.4b16.2x17.8x1.5x
Tue, 18 Jul 2023US$270.0bUS$176.3bUS$13.4b17.3x20.1x1.5x
Price to Earnings Ratio

20.1x


Total Market Cap: US$270.0bTotal Earnings: US$13.4bTotal Revenue: US$176.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Machinery and Vehicles Industry Price to Earnings3Y Average 20.8x202420252026
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 37.6x which is higher than its 3-year average PE of 20.8x.
  • The 3-year average PS ratio of 2.1x 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 6.8% 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 Market0.74%
Industrials-1.44%
Machinery-1.17%
Construction Machinery and Vehicles-0.21%
Industrial Machinery-1.01%
Agricultural Machinery-5.11%
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
PCAR PACCARUS$124.574.2%
+US$2.7b		28.1%PE26.5x
CMI CumminsUS$675.952.2%
+US$2.0b		99.5%PE34.9x
OSK OshkoshUS$146.342.6%
+US$227.0m		16.3%PE15.8x
TRN Trinity IndustriesUS$35.694.6%
+US$124.8m		28.0%PE10.8x
CYD China Yuchai InternationalUS$46.196.5%
+US$105.1m		87.5%PE21.9x

Latest News

CYD
US$46.19
China Yuchai International
7D
6.5%
1Y
87.5%
CAT
US$952.41
Caterpillar
7D
-1.2%
1Y
134.6%
TRN
US$35.69
Trinity Industries
7D
4.6%
1Y
28.0%
TEX
US$67.47
Terex
7D
-1.0%
1Y
29.5%
Narrative Update • Jul 08

TEX: Transformed Earnings Mix And Q1 Demand Strength Will Support Higher Margins

Analysts have modestly lifted their Terex fair value estimate to about $98, citing higher price targets across the Street and research that points to a reshaped business profile, steady demand across key end markets, and updated expectations for growth, margins, and future P/E multiples. Analyst Commentary Recent research on Terex points to a cluster of constructive views, with several firms adjusting price targets and ratings in a way that supports the idea of a reshaped business profile and evolving valuation framework.
RAIL
US$7.99
FreightCar America
7D
-10.9%
1Y
-33.0%
PCAR
US$124.57
PACCAR
7D
4.2%
1Y
28.1%
Narrative Update • Jul 08

PCAR: Secular Truck Demand And Easing Taxes Will Support Higher Margins

The analyst price target for PACCAR has been revised from $150 to $140, as analysts adjust their views on fair value and future P/E while citing a mixed set of recent price target changes across the Street. Analyst Commentary Recent research on PACCAR reflects a mixed but increasingly constructive tone, with several bullish analysts lifting price targets as they update models ahead of upcoming earnings events and sector reviews.
PLOW
US$43.01
Douglas Dynamics
7D
-14.4%
1Y
41.6%
CMI
US$675.95
Cummins
7D
2.2%
1Y
99.5%
Seeking Alpha • Jul 06

Cummins: The Downcycle Is Ending, And The Upside Is Building

Summary Cummins (CMI) is well-positioned for Q2 upside as North America on-highway markets exit their cyclical downturn, supporting a continued Buy rating. Q2 earnings are set up for a material beat, with modeled EPS of $8.28 versus Street at $7.24, driven by accelerating Engine and Components growth. CMI's 2030 roadmap targets $45–$50B revenue and 20% EBITDA margin, implying 8% annual top-line growth and 50bps yearly margin expansion. I see 28% upside to a $850 price target, expecting CMI to re-rate to a high-20s P/E as earnings compound and cyclical recovery strengthens. Read the full article on Seeking Alpha
FSS
US$115.23
Federal Signal
7D
-12.1%
1Y
4.6%
BLBD
US$77.38
Blue Bird
7D
1.7%
1Y
72.1%
Narrative Update • Jul 03

BLBD: Replacement Demand And Low Emission Shift Will Shape Balanced Outlook

Analysts have lifted the Blue Bird fair value estimate from $69.29 to $83.25, citing higher assumed revenue growth, a revised profit margin outlook, and recent research highlighting replacement demand for an aging school bus fleet, the Micro Bird acquisition, and Blue Bird's positioning in non diesel-powered school buses. Analyst Commentary Recent research on Blue Bird highlights a mix of optimism around the company's positioning in the school bus market and some emerging caution as expectations reset after a strong run.
CVGI
US$4.86
Commercial Vehicle Group
7D
10.5%
1Y
158.5%
Narrative Update • Jul 02

CVGI: Index Additions And 2026 Guidance Will Support A ReRating

Analysts lifted their price target on Commercial Vehicle Group by $1, citing updated assumptions that include a fair value estimate of $7.50, a modestly lower discount rate, and higher projected revenue growth, profit margins, and future P/E levels. Analyst Commentary Bullish analysts covering Commercial Vehicle Group are signaling a more constructive stance by lifting price targets and adjusting their assumptions around valuation, execution, and growth.
ALSN
US$114.21
Allison Transmission Holdings
7D
-1.9%
1Y
24.8%
Seeking Alpha • Jun 30

Allison Transmission: Attractive Valuation Despite Near-Term Headwinds

Summary Allison Holdings (ALSN) offers a compelling buying opportunity, trading at a ~43% P/E discount to peers with strong margin and growth prospects. The Off-Highway business acquisition and robust defence market demand drive revenue growth, offsetting temporary On-Highway headwinds from emission regulations. ALSN targets a long-term adjusted EBITDA margin of 25–27%, supported by pricing power, synergy realization, and operational efficiency. Guidance for FY2026 includes $5.575–$5.925 billion in net sales and $1.365–$1.515 billion adjusted EBITDA, with consensus EPS of $8.87 achievable. Read the full article on Seeking Alpha
OSK
US$146.34
Oshkosh
7D
2.6%
1Y
16.3%
Narrative Update • Jun 30

OSK: Non Residential Construction And AI Systems Will Support Future Earnings Execution

Oshkosh's analyst fair value estimate has been adjusted from $204.00 to about $194.24 as analysts incorporate a series of lower Street price targets along with updated assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. Analyst Commentary Street research on Oshkosh has recently reflected a more cautious tone, with several firms cutting price targets and one downgrade from Citi.
WAB
US$261.21
Westinghouse Air Brake Technologies
7D
-0.4%
1Y
22.3%
ATMU
US$50.67
Atmus Filtration Technologies
7D
1.9%
1Y
34.1%
Narrative Update • Jun 16

ATMU: Post Selloff Share Price May Rebound On Buybacks

Atmus Filtration Technologies' analyst price target has been reduced by several firms, with cuts such as $5, $3 and $9 reflecting updated analyst views that recent share price moves and valuation multiples, including the future P/E input in this model, warranted a modest reset rather than a change to the underlying fair value estimate of $66.40. Analyst Commentary Recent research on Atmus Filtration Technologies highlights a mix of constructive and cautious views, with several firms trimming price targets while keeping the underlying fair value framework broadly intact.
AEBI
US$11.71
Aebi Schmidt Holding
7D
-3.1%
1Y
5.8%