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U.S. Machinery Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies190
  • 7D4.8%
  • 3M15.1%
  • 1Y50.4%
  • YTD23.5%

In the last week, the Machinery industry is up 4.8%, with Caterpillar up 5.6%. In the last 12 months, the industry was up 50%. 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
Mon, 22 Jun 2026US$1.6tUS$489.3bUS$44.8b28x36.1x3.3x
Wed, 20 May 2026US$1.4tUS$461.2bUS$43.7b25.8x33.1x3.1x
Fri, 17 Apr 2026US$1.5tUS$456.3bUS$43.7b27x33.9x3.2x
Sun, 15 Mar 2026US$1.4tUS$451.5bUS$43.3b26.3x31.4x3x
Tue, 10 Feb 2026US$1.5tUS$449.4bUS$42.9b29.4x34.4x3.3x
Thu, 08 Jan 2026US$1.3tUS$450.9bUS$43.7b25.6x30.3x2.9x
Sat, 06 Dec 2025US$1.3tUS$450.7bUS$43.7b25.5x29x2.8x
Mon, 03 Nov 2025US$1.2tUS$447.9bUS$44.8b23.5x27.3x2.7x
Wed, 01 Oct 2025US$1.2tUS$447.1bUS$44.2b24.2x26.1x2.6x
Fri, 29 Aug 2025US$1.2tUS$447.0bUS$44.2b24.5x26.1x2.6x
Sun, 27 Jul 2025US$1.1tUS$448.7bUS$44.3b23.5x25.9x2.6x
Tue, 24 Jun 2025US$1.1tUS$449.2bUS$44.5b22.4x23.6x2.3x
Thu, 22 May 2025US$1.1tUS$449.1bUS$44.6b23.2x23.9x2.4x
Sat, 19 Apr 2025US$915.8bUS$457.0bUS$48.6b19.4x18.8x2x
Mon, 17 Mar 2025US$1.0tUS$457.3bUS$47.9b21.4x21x2.2x
Wed, 12 Feb 2025US$1.1tUS$461.5bUS$49.0b22.9x22.5x2.4x
Fri, 10 Jan 2025US$1.0tUS$467.4bUS$47.9b22.4x21.8x2.2x
Sun, 08 Dec 2024US$1.1tUS$467.7bUS$47.8b24.8x23.6x2.4x
Tue, 05 Nov 2024US$1.0tUS$473.8bUS$49.3b23x21.3x2.2x
Thu, 03 Oct 2024US$1.1tUS$474.2bUS$49.4b22.1x21.5x2.2x
Sat, 31 Aug 2024US$998.3bUS$474.2bUS$49.3b21.5x20.2x2.1x
Mon, 29 Jul 2024US$1.0tUS$477.0bUS$51.6b21.8x19.7x2.1x
Wed, 26 Jun 2024US$973.4bUS$476.9bUS$51.6b21.8x18.9x2x
Fri, 24 May 2024US$1.0tUS$477.3bUS$51.3b21.8x20x2.2x
Sun, 21 Apr 2024US$1.0tUS$478.1bUS$48.2b23x21x2.1x
Tue, 19 Mar 2024US$1.0tUS$476.8bUS$48.0b23.1x21.4x2.2x
Thu, 15 Feb 2024US$963.9bUS$476.7bUS$47.3b22.9x20.4x2x
Sat, 13 Jan 2024US$940.0bUS$485.5bUS$47.8b22.2x19.7x1.9x
Mon, 11 Dec 2023US$878.3bUS$483.9bUS$47.8b21.5x18.4x1.8x
Wed, 08 Nov 2023US$845.8bUS$484.2bUS$46.9b19.4x18x1.7x
Fri, 06 Oct 2023US$857.0bUS$475.1bUS$44.4b19.5x19.3x1.8x
Sun, 03 Sep 2023US$935.5bUS$475.1bUS$44.5b20.8x21x2x
Tue, 01 Aug 2023US$951.2bUS$465.5bUS$41.3b20.9x23.1x2x
Thu, 29 Jun 2023US$889.8bUS$460.9bUS$40.5b20.2x22x1.9x
Price to Earnings Ratio

22x


Total Market Cap: US$889.8bTotal Earnings: US$40.5bTotal Revenue: US$460.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.8x202420252026
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 36.1x which is higher than its 3-year average PE of 23.8x.
  • 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 Market1.40%
Industrials2.54%
Machinery4.77%
Construction Machinery and Vehicles6.58%
Industrial Machinery3.67%
Agricultural Machinery1.79%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.5x.
    • 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 18.5x.
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$985.825.6%
+US$23.9b		169.2%PE48.2x
CMI CumminsUS$716.865.5%
+US$5.1b		126.6%PE37x
PH Parker-HannifinUS$953.273.7%
+US$4.3b		43.5%PE34.5x
DE DeereUS$589.242.4%
+US$3.7b		14.6%PE33.3x
WAB Westinghouse Air Brake TechnologiesUS$273.831.8%
+US$838.2m		35.4%PE38.5x

Latest News

CAT
US$985.82
Caterpillar
7D
5.6%
1Y
169.2%
CMI
US$716.86
Cummins
7D
5.5%
1Y
126.6%
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ALSN
US$119.10
Allison Transmission Holdings
7D
-0.3%
1Y
28.4%
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INLF
US$0.16
INLIF
7D
-96.0%
1Y
-99.2%
RBC
US$639.18
RBC Bearings
7D
3.6%
1Y
67.7%
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PCAR
US$118.95
PACCAR
7D
-1.4%
1Y
29.6%
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DE
US$589.24
Deere
7D
2.4%
1Y
14.6%
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MLI
US$137.39
Mueller Industries
7D
-0.3%
1Y
78.5%
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NPO
US$379.65
Enpro
7D
7.9%
1Y
102.8%
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CYD
US$48.70
China Yuchai International
7D
-6.0%
1Y
125.0%
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ESAB
US$106.20
ESAB
7D
9.8%
1Y
-9.6%
WAB
US$273.83
Westinghouse Air Brake Technologies
7D
1.8%
1Y
35.4%
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PH
US$953.27
Parker-Hannifin
7D
3.7%
1Y
43.5%
Analysis Article • Jun 17

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

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CNH
US$10.46
CNH Industrial
7D
-2.0%
1Y
-17.8%
ELMT
US$19.44
Elmet Group
7D
-5.8%
1Y
n/a
DCI
US$85.52
Donaldson Company
7D
-1.1%
1Y
23.7%