Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Machinery Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies191
  • 7D1.5%
  • 3M4.8%
  • 1Y43.9%
  • YTD17.5%

Over the last 7 days, the Machinery industry has risen 1.5%, driven by gains from Deere of 11%. Meanwhile, Symbotic actually underperformed within the industry, shrinking 12% in the last week. In the last 12 months, the industry was up 44%. Looking forward, 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
Thu, 04 Jun 2026US$1.5tUS$461.9bUS$43.7b27.2x34x3.2x
Sat, 02 May 2026US$1.5tUS$456.5bUS$44.3b27.5x34.1x3.3x
Mon, 30 Mar 2026US$1.3tUS$451.7bUS$43.5b26.1x30.9x3x
Wed, 25 Feb 2026US$1.5tUS$450.3bUS$42.7b29.7x35.2x3.3x
Fri, 23 Jan 2026US$1.4tUS$450.6bUS$43.7b27.4x31.6x3.1x
Sun, 21 Dec 2025US$1.3tUS$450.8bUS$43.7b25.3x28.8x2.8x
Tue, 18 Nov 2025US$1.2tUS$449.4bUS$43.8b23.3x27.5x2.7x
Thu, 16 Oct 2025US$1.2tUS$446.9bUS$44.9b24.1x26.2x2.6x
Sat, 13 Sep 2025US$1.1tUS$447.0bUS$44.2b24x26x2.6x
Mon, 11 Aug 2025US$1.1tUS$448.1bUS$44.3b23.1x25.3x2.5x
Wed, 09 Jul 2025US$1.1tUS$449.5bUS$44.6b23.5x24.7x2.4x
Fri, 06 Jun 2025US$1.0tUS$449.2bUS$44.5b22.9x23.4x2.3x
Sun, 04 May 2025US$990.2bUS$451.6bUS$46.6b21.8x21.2x2.2x
Tue, 01 Apr 2025US$993.7bUS$457.3bUS$48.2b20.5x20.6x2.2x
Thu, 27 Feb 2025US$1.1tUS$458.2bUS$48.0b22.4x22.3x2.3x
Sat, 25 Jan 2025US$1.1tUS$467.3bUS$47.9b23.9x23.6x2.4x
Mon, 23 Dec 2024US$1.1tUS$467.6bUS$47.9b22.6x22x2.3x
Wed, 20 Nov 2024US$1.1tUS$471.7bUS$49.0b23.8x22.5x2.3x
Fri, 18 Oct 2024US$1.1tUS$474.2bUS$49.4b22x21.8x2.3x
Sun, 15 Sep 2024US$991.3bUS$474.2bUS$49.4b21x20.1x2.1x
Tue, 13 Aug 2024US$954.0bUS$476.5bUS$50.1b20.8x19x2x
Thu, 11 Jul 2024US$942.2bUS$476.7bUS$51.6b20x18.2x2x
Sat, 08 Jun 2024US$971.5bUS$477.0bUS$51.3b22x18.9x2x
Mon, 06 May 2024US$998.6bUS$479.1bUS$51.7b22.5x19.3x2.1x
Wed, 03 Apr 2024US$1.1tUS$478.4bUS$48.1b23.6x22x2.2x
Fri, 01 Mar 2024US$992.8bUS$477.4bUS$47.3b24.9x21x2.1x
Sun, 28 Jan 2024US$962.4bUS$486.4bUS$48.3b22.8x19.9x2x
Tue, 26 Dec 2023US$964.5bUS$484.9bUS$47.8b22.8x20.2x2x
Thu, 23 Nov 2023US$877.5bUS$484.2bUS$47.5b20.3x18.5x1.8x
Sat, 21 Oct 2023US$834.8bUS$475.2bUS$44.4b19x18.8x1.8x
Mon, 18 Sep 2023US$895.3bUS$475.0bUS$44.4b20.5x20.2x1.9x
Wed, 16 Aug 2023US$922.2bUS$473.4bUS$43.4b20.2x21.2x1.9x
Fri, 14 Jul 2023US$931.1bUS$459.8bUS$40.2b20.9x23.2x2x
Sun, 11 Jun 2023US$856.9bUS$460.9bUS$40.5b19.8x21.2x1.9x
Price to Earnings Ratio

21.2x


Total Market Cap: US$856.9bTotal Earnings: US$40.5bTotal Revenue: US$460.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.5x202420252026
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 34.0x 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 3.2x.
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 Market0.35%
Industrials-0.81%
Machinery1.55%
Agricultural Machinery9.53%
Construction Machinery and Vehicles1.68%
Industrial Machinery-0.79%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.2x.
    • 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 18.2x.
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$588.2911.1%
+US$15.8b		15.9%PE33.2x
CAT CaterpillarUS$926.181.8%
+US$7.5b		165.1%PE45.2x
CMI CumminsUS$682.332.2%
+US$2.0b		111.4%PE35.2x
PCAR PACCARUS$114.381.9%
+US$1.1b		23.5%PE24.3x
SPXC SPX TechnologiesUS$234.088.7%
+US$938.2m		49.5%PE45.4x

Latest News

SYM
US$47.21
Symbotic
7D
-12.0%
1Y
58.8%
PH
US$850.76
Parker-Hannifin
7D
-0.7%
1Y
27.9%
CNH
US$11.04
CNH Industrial
7D
4.9%
1Y
-11.3%
DE
US$588.29
Deere
7D
11.1%
1Y
15.9%
Narrative Update • Jun 03

DE: Tariff Relief And Construction Strength Will Balance Large Ag Uncertainty

Analysts now see fair value for Deere at about $643, down from roughly $665. This reflects a mix of slightly higher discount rate assumptions, stronger projected revenue growth and margins, and a lower future P/E, alongside recent shifts in price targets and tariff related earnings commentary.
PCAR
US$114.38
PACCAR
7D
1.9%
1Y
23.5%
CAT
US$926.18
Caterpillar
7D
1.8%
1Y
165.1%
MLI
US$131.35
Mueller Industries
7D
-3.3%
1Y
68.6%
JBTM
US$126.61
JBT Marel
7D
-5.8%
1Y
6.9%
Narrative Update • Jun 02

JBTM: Food Processing Execution Risk Will Limit Share Repurchase Upside

Analysts have trimmed their average price target on JBT Marel to $165 from $190, reflecting a lower comparable group multiple, even as they highlight the company’s growing role in food processing and its mix of secular growth, high margin recurring revenues, and strong free cash flow generation. Analyst Commentary Recent research highlights a split view on JBT Marel.
ALSN
US$119.05
Allison Transmission Holdings
7D
4.6%
1Y
16.1%
Narrative Update • Jun 01

ALSN: Off Highway Integration And Margins Will Support Future Earnings Durability

Analysts have nudged their average price target on Allison Transmission Holdings higher to $126, reflecting updated assumptions around a modest shift in the discount rate, slightly firmer profit margins, and a small adjustment to future P/E expectations. Analyst Commentary Recent research activity around Allison Transmission Holdings shows a cluster of bullish analysts revisiting their models and lifting valuation marks, pointing to a more constructive stance on the stock.
GGG
US$73.79
Graco
7D
-2.9%
1Y
-12.5%
OTIS
US$69.92
Otis Worldwide
7D
-2.6%
1Y
-26.6%
CMI
US$682.33
Cummins
7D
2.2%
1Y
111.4%
FSS
US$107.13
Federal Signal
7D
-7.9%
1Y
9.1%
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.
CR
US$186.09
Crane
7D
4.0%
1Y
6.3%
Narrative Update • May 21

CR: Acquisition Capacity And 2026 Outlook Will Support Fair Pricing

Analysts have adjusted Crane's price target slightly higher from $186.23 to $192.36 as they factor in updated assumptions for the discount rate, revenue growth, profit margin, and future P/E levels. What's in the News Crane is actively looking for acquisitions, with management highlighting a strong balance sheet and substantial capacity for mergers and acquisitions across Aerospace & Advanced Technologies and Process Flow Technologies, while emphasizing a disciplined approach and no imminent deals at this time (earnings call).
IR
US$70.07
Ingersoll Rand
7D
-1.3%
1Y
-14.4%
Narrative Update • May 18

IR: M&A Focus And Buybacks Will Support Premium Future P/E

Analysts have adjusted their price target on Ingersoll Rand to $94.00 from $96.47, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E that slightly refine their valuation view. What's in the News Ingersoll Rand entered a multiyear partnership with Garrett Motion to develop next generation oil free air technologies aimed at improving energy efficiency, performance, reliability, and air purity for customers in sectors such as food and beverage and life sciences.
SPXC
US$234.08
SPX Technologies
7D
8.7%
1Y
49.5%
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.