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

U.S. Machinery Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies191
  • 7D2.4%
  • 3M14.9%
  • 1Y26.7%
  • YTD7.9%

Caterpillar is up 1.6%, leading the way for the Machinery industry, which has gained 2.4%. This means that the industry has gained 27% over the past year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 06 May 2023US$821.6bUS$456.6bUS$40.0b18.9x20.5x1.8x
Mon, 03 Apr 2023US$847.5bUS$442.8bUS$37.4b21.9x22.7x1.9x
Wed, 01 Mar 2023US$857.7bUS$442.4bUS$38.1b22.9x22.5x1.9x
Fri, 27 Jan 2023US$861.0bUS$441.3bUS$36.9b23.3x23.3x2x
Price to Earnings Ratio

23.3x


Total Market Cap: US$861.0bTotal Earnings: US$36.9bTotal Revenue: US$441.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 22.1x202420252026
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 31.5x which is higher than its 3-year average PE of 22.1x.
  • The 3-year average PS ratio of 2.2x 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 5.8% 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 Market-0.55%
Industrials2.19%
Machinery2.44%
Agricultural Machinery4.42%
Construction Machinery and Vehicles2.43%
Industrial Machinery1.94%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 30.6x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings growth of 0.6% 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 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 0.6% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 14% 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$646.891.6%
+US$4.8b		62.4%PE32.6x
DE DeereUS$514.403.0%
+US$4.3b		11.1%PE27.7x
ITW Illinois Tool WorksUS$263.472.6%
+US$1.9b		0.8%PE25.3x
CMI CumminsUS$578.942.0%
+US$1.6b		57.7%PE30x
XYL XylemUS$146.134.3%
+US$1.5b		19.9%PE37.5x

Latest News

XYL
US$146.13
Xylem
7D
4.3%
1Y
19.9%

XYL: Margin Execution And Funding Trends Will Shape Steady Water Exposure

Analysts have raised their price target on Xylem, with the updated fair value estimate moving from $116.00 to about $138.46 as they factor in research that points to steady growth expectations, improving profit margins and support from diversified water technology exposure. Analyst Commentary Recent Street research on Xylem reflects a mix of confidence and caution, with price targets clustered in a relatively tight range and ratings spanning from Neutral to Overweight.
SYM
US$67.41
Symbotic
7D
-3.2%
1Y
101.6%
PCAR
US$121.36
PACCAR
7D
1.6%
1Y
10.2%
IR
US$88.16
Ingersoll Rand
7D
2.7%
1Y
-6.3%
FSS
US$114.51
Federal Signal
7D
-2.5%
1Y
15.5%
MLI
US$132.83
Mueller Industries
7D
5.4%
1Y
60.7%

We Like Mueller Industries' (NYSE:MLI) Returns And Here's How They're Trending

Jan 16
We Like Mueller Industries' (NYSE:MLI) Returns And Here's How They're Trending
CAT
US$646.89
Caterpillar
7D
1.6%
1Y
62.4%
ITW
US$263.47
Illinois Tool Works
7D
2.6%
1Y
0.8%

ITW: Enterprise Margin Gains And Cautious Guidance Will Shape Near-Term Earnings Risk

Narrative Update Analysts have made only a marginal adjustment to the implied price target for Illinois Tool Works, from about US$261 to roughly US$261, as slightly softer revenue growth assumptions and a higher discount rate are balanced by modestly better margin expectations and a mix of cautious views on near term earnings risks and guidance. Analyst Commentary Recent Street research around Illinois Tool Works reflects a mix of cautious and balanced views, with differing opinions on near term earnings risk, guidance setup, and margin execution.
DE
US$514.40
Deere
7D
3.0%
1Y
11.1%
ITT
US$183.65
ITT
7D
-0.3%
1Y
19.3%
MVST
US$2.99
Microvast Holdings
7D
-8.8%
1Y
39.7%
MTW
US$13.52
Manitowoc Company
7D
-4.0%
1Y
41.6%

Returns On Capital At Manitowoc Company (NYSE:MTW) Have Stalled

Jan 09
Returns On Capital At Manitowoc Company (NYSE:MTW) Have Stalled
MIDD
US$148.53
Middleby
7D
-4.2%
1Y
3.3%

MIDD: Residential Kitchen Review Will Drive A Cautious Outlook Ahead

Narrative Update on Middleby Analysts have trimmed their targets on Middleby slightly, with recent moves such as Barclays cutting its target to US$168 from US$180 and Canaccord adjusting to US$171 from US$175. These changes reflect updated views on discount rates, growth assumptions, margins, and the ongoing review of the Residential Kitchen business.
TRN
US$27.35
Trinity Industries
7D
-2.1%
1Y
-29.0%
CMI
US$578.94
Cummins
7D
2.0%
1Y
57.7%

CMI: Data Center Demand Will Reshape Earnings Profile Through Truck Cycle Trough

Narrative Update The analyst price target for Cummins has moved from US$417.82 to US$653.00 as analysts factor in a larger US$7b data center opportunity, improving unit profitability across the portfolio, and signs that the North America truck and on highway markets may be moving past peak weakness. Analyst Commentary Recent research has tilted more constructive on Cummins, with several bullish analysts highlighting data center exposure, earnings execution and a potentially less challenging backdrop in North America on highway markets.
SCAG
US$2.53
Scage Future
7D
-13.5%
1Y
n/a