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U.S. Machinery Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies193
  • 7D-0.09%
  • 3M-1.2%
  • 1Y40.5%
  • YTD13.6%

In the last week, Machinery has been flat. The past year has been better, since the industry has gained 40% in that time. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Jun 2026US$1.4tUS$461.8bUS$43.6b26.8x33.2x3.1x
Wed, 29 Apr 2026US$1.5tUS$452.0bUS$43.7b27.6x34.4x3.3x
Fri, 27 Mar 2026US$1.4tUS$451.8bUS$43.4b26.5x32.1x3.1x
Sun, 22 Feb 2026US$1.5tUS$449.5bUS$42.7b29.9x35.6x3.4x
Tue, 20 Jan 2026US$1.4tUS$450.6bUS$43.7b27.5x31.5x3.1x
Thu, 18 Dec 2025US$1.3tUS$450.9bUS$43.7b25.4x29x2.8x
Sat, 15 Nov 2025US$1.2tUS$449.4bUS$43.8b23.9x27.6x2.7x
Mon, 13 Oct 2025US$1.1tUS$446.9bUS$44.9b23.4x25.3x2.5x
Wed, 10 Sep 2025US$1.1tUS$447.0bUS$44.2b24.7x25.4x2.5x
Fri, 08 Aug 2025US$1.1tUS$447.4bUS$44.2b23.2x25.5x2.5x
Sun, 06 Jul 2025US$1.1tUS$448.4bUS$44.6b23.9x25.1x2.5x
Tue, 03 Jun 2025US$1.0tUS$449.1bUS$44.6b22.9x23.3x2.3x
Thu, 01 May 2025US$957.7bUS$456.0bUS$47.7b21.2x20.1x2.1x
Sat, 29 Mar 2025US$1.0tUS$457.3bUS$48.2b20.3x21.2x2.2x
Mon, 24 Feb 2025US$1.1tUS$458.0bUS$48.0b23.7x22.3x2.3x
Wed, 22 Jan 2025US$1.1tUS$467.3bUS$47.9b24x22.9x2.4x
Fri, 20 Dec 2024US$1.1tUS$467.6bUS$47.9b22.5x22x2.2x
Sun, 17 Nov 2024US$1.1tUS$471.7bUS$49.0b24.1x22.4x2.3x
Tue, 15 Oct 2024US$1.1tUS$474.2bUS$49.4b21.5x21.8x2.3x
Thu, 12 Sep 2024US$968.7bUS$474.1bUS$49.5b20.5x19.6x2x
Sat, 10 Aug 2024US$955.9bUS$476.5bUS$50.2b21x19.1x2x
Mon, 08 Jul 2024US$945.2bUS$476.9bUS$51.6b19.7x18.3x2x
Wed, 05 Jun 2024US$974.5bUS$477.0bUS$51.3b22.1x19x2x
Fri, 03 May 2024US$989.2bUS$478.6bUS$51.7b21.1x19.1x2.1x
Sun, 31 Mar 2024US$1.1tUS$476.8bUS$47.9b23.9x22.2x2.2x
Tue, 27 Feb 2024US$987.1bUS$476.5bUS$47.5b24.3x20.8x2.1x
Thu, 25 Jan 2024US$956.3bUS$486.4bUS$48.3b22.6x19.8x2x
Sat, 23 Dec 2023US$964.1bUS$484.9bUS$47.8b22.8x20.2x2x
Mon, 20 Nov 2023US$880.7bUS$484.0bUS$47.5b20.4x18.5x1.8x
Wed, 18 Oct 2023US$884.2bUS$475.2bUS$44.4b20.3x19.9x1.9x
Fri, 15 Sep 2023US$886.2bUS$475.0bUS$44.4b20.3x20x1.9x
Sun, 13 Aug 2023US$936.8bUS$473.4bUS$43.5b20.6x21.5x2x
Tue, 11 Jul 2023US$916.2bUS$459.8bUS$40.2b20.5x22.8x2x
Thu, 08 Jun 2023US$835.4bUS$460.8bUS$40.4b20.3x20.7x1.8x
Price to Earnings Ratio

20.7x


Total Market Cap: US$835.4bTotal Earnings: US$40.4bTotal Revenue: US$460.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.5x202420252026
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 33.2x which is higher than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market1.58%
Industrials1.37%
Machinery-0.094%
Agricultural Machinery2.00%
Construction Machinery and Vehicles0.081%
Industrial Machinery-0.86%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 5.1% 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 18.1x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 17% 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
DE DeereUS$542.182.5%
+US$3.4b		6.8%PE30.6x
CMI CumminsUS$646.631.1%
+US$977.0m		103.8%PE33.4x
WAB Westinghouse Air Brake TechnologiesUS$261.161.9%
+US$806.0m		29.5%PE36.7x
FLS FlowserveUS$75.518.5%
+US$754.1m		52.8%PE27.3x
TKR TimkenUS$127.986.7%
+US$558.0m		85.5%PE28.8x

Latest News

PH
US$844.63
Parker-Hannifin
7D
-2.6%
1Y
27.9%
TKR
US$127.98
Timken
7D
6.7%
1Y
85.5%
DE
US$542.18
Deere
7D
2.5%
1Y
6.8%
OTIS
US$70.84
Otis Worldwide
7D
-2.7%
1Y
-24.8%
CMI
US$646.63
Cummins
7D
1.1%
1Y
103.8%
MLI
US$128.60
Mueller Industries
7D
-3.6%
1Y
66.2%
FSS
US$106.70
Federal Signal
7D
-5.2%
1Y
13.5%
Narrative Update • May 29

FSS: Nationwide Dealer Network Expansion Will Support Regional Acquisitions And Share Gains

Analysts have nudged their price expectations for Federal Signal higher, with the fair value estimate moving from $138 to about $142, supported by recent research that points to benefits from the company’s nationwide dealer network and acquisitions of regional specialty vehicle manufacturers. Analyst Commentary Bullish Takeaways Bullish analysts point to the nationwide dealer channel as a key support for the higher fair value estimate, seeing it as a way to push acquired regional specialty vehicle manufacturers into more markets and support revenue growth assumptions.
FLS
US$75.51
Flowserve
7D
8.5%
1Y
52.8%
CAT
US$875.87
Caterpillar
7D
-0.5%
1Y
154.1%
SYM
US$46.43
Symbotic
7D
-14.1%
1Y
61.9%
SWK
US$79.42
Stanley Black & Decker
7D
3.9%
1Y
21.4%
WAB
US$261.16
Westinghouse Air Brake Technologies
7D
1.9%
1Y
29.5%
ITW
US$247.28
Illinois Tool Works
7D
-2.0%
1Y
1.9%
Narrative Update • May 23

ITW: AI Hardware Risk And 2026 Margin Guidance Will Shape Outlook

Illinois Tool Works' analyst price target has shifted modestly lower by $1 to $274.54, as analysts weigh mixed target revisions alongside updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent research shows a mix of cautious and constructive views on Illinois Tool Works, with several firms adjusting price targets in both directions and reassessing assumptions around growth, margins, and valuation multiples.
PNR
US$70.84
Pentair
7D
-5.3%
1Y
-28.6%
Narrative Update • May 15

PNR: Cash Returns And Margin Discipline Will Support Reset Expectations

Pentair's analyst price target has been updated from $110.00 to about $102.26, reflecting a series of recent target cuts by multiple firms as analysts factor in modestly adjusted growth, margins, discount rate and future P/E assumptions. Analyst Commentary Recent Street research around Pentair centers on a cluster of price target trims, with analysts reassessing what they are willing to pay for the stock based on updated assumptions around growth, margins, discount rates and future P/E multiples.
PCAR
US$110.37
PACCAR
7D
0.9%
1Y
17.6%
SPXC
US$216.66
SPX Technologies
7D
4.3%
1Y
42.5%
Narrative Update • May 04

SPXC: Capacity Expansion And Data Center Demand Will Support Future Upside

Analysts have modestly lifted the SPX Technologies fair value estimate by about $6 to roughly $264 per share. The update reflects revised views that factor in stronger revenue growth, slightly higher profit margins, and a lower assumed future P/E multiple following a series of recent price target hikes and upgrades across the Street.