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U.S. Machinery Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies191
  • 7D5.7%
  • 3M17.6%
  • 1Y49.6%
  • YTD23.3%

Over the last 7 days, the Machinery industry has risen 5.7%, driven by gains from Caterpillar of 9.8%. Meanwhile, INLIF actually underperformed within the industry, shrinking 96% in the last week. This takes the industry's 12 month performance to a gain of 50%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026US$1.6tUS$489.3bUS$44.8b28x35.5x3.3x
Mon, 18 May 2026US$1.5tUS$461.2bUS$43.7b25.9x33.4x3.2x
Wed, 15 Apr 2026US$1.5tUS$451.4bUS$43.6b27.8x34.2x3.3x
Fri, 13 Mar 2026US$1.4tUS$451.5bUS$43.3b26.6x32.4x3.1x
Sun, 08 Feb 2026US$1.5tUS$449.4bUS$42.9b29.2x34.4x3.3x
Tue, 06 Jan 2026US$1.3tUS$450.9bUS$43.7b25.4x29.7x2.9x
Thu, 04 Dec 2025US$1.3tUS$450.7bUS$43.7b25.3x28.7x2.8x
Sat, 01 Nov 2025US$1.2tUS$447.9bUS$44.5b23.8x27.5x2.7x
Mon, 29 Sep 2025US$1.2tUS$447.0bUS$44.2b24.1x26x2.6x
Wed, 27 Aug 2025US$1.1tUS$446.9bUS$44.2b24.3x25.9x2.6x
Fri, 25 Jul 2025US$1.1tUS$448.6bUS$44.3b23x25.8x2.5x
Sun, 22 Jun 2025US$1.0tUS$449.2bUS$44.5b22.4x23.5x2.3x
Tue, 20 May 2025US$1.1tUS$449.1bUS$44.6b24.1x24.1x2.4x
Thu, 17 Apr 2025US$927.0bUS$457.0bUS$48.6b19.7x19.1x2x
Sat, 15 Mar 2025US$996.5bUS$457.3bUS$47.9b21.4x20.8x2.2x
Mon, 10 Feb 2025US$1.1tUS$461.6bUS$48.9b23x22.4x2.4x
Wed, 08 Jan 2025US$1.0tUS$467.3bUS$47.9b23x21.9x2.2x
Fri, 06 Dec 2024US$1.1tUS$467.7bUS$47.8b24.8x23.9x2.4x
Sun, 03 Nov 2024US$1.0tUS$473.8bUS$49.3b23.1x21.3x2.2x
Tue, 01 Oct 2024US$1.1tUS$474.2bUS$49.4b22.6x21.5x2.2x
Thu, 29 Aug 2024US$995.0bUS$474.2bUS$49.3b21.6x20.2x2.1x
Sat, 27 Jul 2024US$1.0tUS$477.0bUS$51.7b21.9x19.4x2.1x
Mon, 24 Jun 2024US$966.1bUS$476.9bUS$51.6b21.6x18.7x2x
Wed, 22 May 2024US$1.0tUS$477.4bUS$51.3b22.3x20.2x2.2x
Fri, 19 Apr 2024US$1.0tUS$478.1bUS$48.2b22.1x21.1x2.1x
Sun, 17 Mar 2024US$1.0tUS$476.8bUS$48.0b23x21.3x2.1x
Tue, 13 Feb 2024US$986.5bUS$476.7bUS$47.3b22.8x20.9x2.1x
Thu, 11 Jan 2024US$943.3bUS$485.4bUS$47.8b22x19.7x1.9x
Sat, 09 Dec 2023US$896.6bUS$483.9bUS$47.8b21.5x18.7x1.9x
Mon, 06 Nov 2023US$853.0bUS$484.2bUS$46.8b19.7x18.2x1.8x
Wed, 04 Oct 2023US$864.0bUS$475.1bUS$44.4b19.7x19.5x1.8x
Fri, 01 Sep 2023US$926.4bUS$475.1bUS$44.5b20.6x20.8x1.9x
Sun, 30 Jul 2023US$933.7bUS$465.4bUS$41.2b20.7x22.6x2x
Tue, 27 Jun 2023US$880.0bUS$460.9bUS$40.5b19.9x21.7x1.9x
Price to Earnings Ratio

21.7x


Total Market Cap: US$880.0bTotal Earnings: US$40.5bTotal Revenue: US$460.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.5x which is higher than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 2.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market1.65%
Industrials2.84%
Machinery5.70%
Construction Machinery and Vehicles7.71%
Industrial Machinery4.24%
Agricultural Machinery3.25%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.4x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 5.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.4x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CAT CaterpillarUS$985.829.8%
+US$40.6b		174.0%PE48.2x
CMI CumminsUS$716.869.3%
+US$8.4b		127.6%PE37x
PH Parker-HannifinUS$953.275.6%
+US$6.4b		46.1%PE34.5x
DE DeereUS$589.243.6%
+US$5.6b		12.2%PE33.3x
ITW Illinois Tool WorksUS$264.093.8%
+US$2.8b		9.4%PE24.2x

Latest News

DE
US$589.24
Deere
7D
3.6%
1Y
12.2%
Analysis Article • 3h

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NNDM
US$1.35
Nano Dimension
7D
-9.4%
1Y
-2.9%
INLF
US$0.16
INLIF
7D
-95.8%
1Y
-99.2%
ZJK
US$1.91
ZJK Industrial
7D
-17.0%
1Y
-53.4%
IR
US$77.91
Ingersoll Rand
7D
6.4%
1Y
-3.6%
Narrative Update • Jun 18

IR: Recurring Revenue Shift And Buybacks Will Support Stronger Future Returns

Analysts have trimmed their price target on Ingersoll Rand stock by about $3 to $113.91. This reflects updated assumptions around slightly lower revenue growth, a modestly reduced profit margin, a higher discount rate, and a somewhat higher future P/E multiple.
CVGI
US$4.84
Commercial Vehicle Group
7D
-4.5%
1Y
263.9%
Narrative Update • Jun 18

CVGI: Earnings Execution And Refined P/E Assumptions Will Drive Stock Upside

Analysts have nudged their price target on Commercial Vehicle Group stock higher by $1, citing updated valuation work reflected in a slightly lower discount rate and modestly adjusted assumptions around future P/E and profitability. Analyst Commentary Recent Street research around Commercial Vehicle Group centers on modestly higher price targets, with analysts fine tuning their models around discount rates, P/E assumptions and profitability expectations ahead of upcoming earnings.
CMI
US$716.86
Cummins
7D
9.3%
1Y
127.6%
Narrative Update • Jun 18

CMI: Data Center Power Awards Will Support Earnings Beyond Next Truck Cycle Trough

The fair value estimate for Cummins has been updated from $845 to $874 as analysts point to higher price targets. They cite power awards linked to data center demand, a more supportive truck cycle, and expectations for modestly stronger revenue growth, profit margins, and future P/E multiples.
WAB
US$273.83
Westinghouse Air Brake Technologies
7D
4.5%
1Y
36.4%
Analysis Article • Jun 17

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PH
US$953.27
Parker-Hannifin
7D
5.6%
1Y
46.1%
Analysis Article • Jun 17

Parker-Hannifin (PH) Stock Could Be 9.1% Undervalued After Fresh Analyst Support

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CAT
US$985.82
Caterpillar
7D
9.8%
1Y
174.0%
Analysis Article • Jun 16

Caterpillar (CAT) Stock Could Be 69% Overvalued After AI Power Demand Lifts Backlog

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OTIS
US$73.27
Otis Worldwide
7D
4.5%
1Y
-23.4%
Analysis Article • Jun 16

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XOS
US$3.12
Xos
7D
-10.9%
1Y
3.7%
NNBR
US$2.79
NN
7D
-7.0%
1Y
41.6%
ITW
US$264.09
Illinois Tool Works
7D
3.8%
1Y
9.4%
Narrative Update • Jun 07

ITW: 2026 Margin Outlook And Dividend Strength Will Guide Fairly Valued Shares

Narrative Update Overview The analyst price target for Illinois Tool Works is now set around $274.54. This reflects mixed revisions from recent Street research, with some firms cutting targets by $8 to $25 and others raising theirs by $1 to $10, as analysts weigh updated assumptions on discount rates, long-term P/E, and the broader earnings profile for the company.
LASE
US$2.32
Laser Photonics
7D
-3.7%
1Y
20.2%
MCRP
US$1.74
Micropolis AI Robotics
7D
-14.7%
1Y
-39.8%