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U.S. Machinery Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies191
  • 7D-4.9%
  • 3M13.8%
  • 1Y40.9%
  • YTD23.0%

Over the last 7 days, the Machinery industry has dropped 4.9%, driven by a pullback from Caterpillar of 8.8%. This takes the industry's 12 month performance to a gain of 41%. 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
Fri, 03 Jul 2026US$1.6tUS$462.0bUS$43.5b27.9x36.6x3.4x
Sun, 31 May 2026US$1.4tUS$461.8bUS$43.6b26.8x33.2x3.1x
Tue, 28 Apr 2026US$1.5tUS$452.4bUS$43.7b28.1x34.3x3.3x
Thu, 26 Mar 2026US$1.4tUS$451.8bUS$43.4b27x32x3.1x
Sat, 21 Feb 2026US$1.5tUS$449.4bUS$42.7b29.4x35.5x3.4x
Mon, 19 Jan 2026US$1.4tUS$450.6bUS$43.7b27.5x31.5x3.1x
Wed, 17 Dec 2025US$1.3tUS$450.8bUS$43.7b25.6x29.3x2.8x
Fri, 14 Nov 2025US$1.2tUS$449.2bUS$43.8b24.1x28.2x2.8x
Sun, 12 Oct 2025US$1.1tUS$446.9bUS$44.9b23.4x25.3x2.5x
Tue, 09 Sep 2025US$1.1tUS$447.0bUS$44.2b25x25.7x2.5x
Thu, 07 Aug 2025US$1.1tUS$447.5bUS$44.2b23.3x25.8x2.5x
Sat, 05 Jul 2025US$1.1tUS$448.4bUS$44.6b23.9x25.1x2.5x
Mon, 02 Jun 2025US$1.0tUS$449.1bUS$44.6b23.1x23.3x2.3x
Wed, 30 Apr 2025US$956.2bUS$456.0bUS$47.8b21.3x20x2.1x
Fri, 28 Mar 2025US$1.0tUS$457.3bUS$48.2b21x21.4x2.3x
Sun, 23 Feb 2025US$1.1tUS$458.0bUS$48.0b23.7x22.3x2.3x
Tue, 21 Jan 2025US$1.1tUS$467.3bUS$47.9b23.5x22.9x2.4x
Thu, 19 Dec 2024US$1.1tUS$467.5bUS$47.9b22.7x22.8x2.3x
Sat, 16 Nov 2024US$1.1tUS$471.7bUS$49.0b24.1x22.4x2.3x
Mon, 14 Oct 2024US$1.1tUS$474.2bUS$49.4b21.5x21.8x2.3x
Wed, 11 Sep 2024US$965.7bUS$474.2bUS$49.4b20.4x19.5x2x
Fri, 09 Aug 2024US$931.8bUS$476.4bUS$50.1b21x18.6x2x
Sun, 07 Jul 2024US$945.2bUS$476.9bUS$51.6b19.7x18.3x2x
Tue, 04 Jun 2024US$994.5bUS$477.0bUS$51.3b22.4x19.4x2.1x
Thu, 02 May 2024US$992.9bUS$479.1bUS$50.3b22.3x19.7x2.1x
Sat, 30 Mar 2024US$1.1tUS$476.8bUS$47.9b23.9x22.2x2.2x
Mon, 26 Feb 2024US$985.4bUS$476.5bUS$47.5b24.2x20.8x2.1x
Wed, 24 Jan 2024US$952.7bUS$485.5bUS$47.8b22.9x19.9x2x
Fri, 22 Dec 2023US$948.3bUS$484.9bUS$47.8b22.5x19.8x2x
Sun, 19 Nov 2023US$870.8bUS$484.0bUS$47.5b20.4x18.3x1.8x
Tue, 17 Oct 2023US$876.4bUS$475.1bUS$44.4b20x19.7x1.8x
Thu, 14 Sep 2023US$886.5bUS$475.0bUS$44.4b20x20x1.9x
Sat, 12 Aug 2023US$936.8bUS$473.4bUS$43.5b20.6x21.5x2x
Mon, 10 Jul 2023US$901.2bUS$459.8bUS$40.2b20.3x22.4x2x
Price to Earnings Ratio

22.4x


Total Market Cap: US$901.2bTotal Earnings: US$40.2bTotal Revenue: US$459.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.9x202420252026
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 36.6x which is higher than its 3-year average PE of 23.9x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.4x.
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 Market1.38%
Industrials-1.75%
Machinery-4.91%
Agricultural Machinery-1.48%
Industrial Machinery-2.57%
Construction Machinery and Vehicles-7.92%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.7x.
    • Analysts are expecting annual earnings growth of 17.3%, 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 18.6x.
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
ITW Illinois Tool WorksUS$272.760.8%
+US$621.4m		5.5%PE25x
SNA Snap-onUS$412.092.8%
+US$577.1m		28.1%PE20.9x
JBTM JBT MarelUS$145.836.0%
+US$428.5m		15.3%PE45.1x
FTV FortiveUS$62.651.5%
+US$280.5m		18.1%PE34.3x
XYL XylemUS$118.121.0%
+US$266.2m		-10.7%PE28.6x

Latest News

XYL
US$118.12
Xylem
7D
1.0%
1Y
-10.7%
SYM
US$42.74
Symbotic
7D
4.8%
1Y
-10.8%
MLI
US$56.50
Mueller Industries
7D
-15.9%
1Y
36.7%
CMI
US$661.70
Cummins
7D
-9.1%
1Y
99.4%
Narrative Update • Jul 02

CMI: Data Center Power And Truck Demand Will Shape Measured Future Returns

The analyst fair value estimate for Cummins has been raised from $643.36 to $748.81. This change reflects higher Street price targets and updated assumptions around revenue growth, profit margins, and future P/E multiples that analysts link to strong demand trends in power, data center, truck, and infrastructure markets.
FTV
US$62.65
Fortive
7D
1.5%
1Y
18.1%
DE
US$621.27
Deere
7D
-1.5%
1Y
19.3%
Narrative Update • Jul 01

DE: Tariff Relief And AI Efficiency Gains Will Support Future Upside

Analysts have trimmed their fair value estimate for Deere to $759 from $793 as they factor in more moderate revenue growth assumptions, even as Street research highlights potential tariff relief and a mixed pattern of price target revisions across the sector. Analyst Commentary Street research on Deere is mixed, but there is a clear camp of bullish analysts highlighting tariff relief, execution on recent quarters, and the potential for a more constructive backdrop in North American agriculture and construction equipment over the next several years.
PH
US$962.89
Parker-Hannifin
7D
-2.7%
1Y
33.9%
RBC
US$604.56
RBC Bearings
7D
-6.8%
1Y
55.6%
JBTM
US$145.83
JBT Marel
7D
6.0%
1Y
15.3%
CAT
US$963.53
Caterpillar
7D
-8.8%
1Y
142.2%
SNA
US$412.09
Snap-on
7D
2.8%
1Y
28.1%
WAB
US$262.19
Westinghouse Air Brake Technologies
7D
-7.2%
1Y
22.3%
PNR
US$76.72
Pentair
7D
0.9%
1Y
-28.2%
Seeking Alpha • Jun 24

Pentair: A 12-Month Update With A Price Target Cut

Summary Pentair is a quality fluid filtration and pool solutions company, but current valuation is not compelling for new investment. PNR's recent earnings growth is driven by internal margin improvements and pricing, not organic sales growth, raising concerns about sustainability. I've cut my price target from $85 to $70 per share, reflecting lower growth expectations and increased risk from weak end markets. With a well-covered but low 1.46% yield and a BBB- credit rating, I reiterate a 'HOLD' rating until shares fall below $70. Read the full article on Seeking Alpha
ITW
US$272.76
Illinois Tool Works
7D
0.8%
1Y
5.5%
Narrative Update • Jun 23

ITW: Earnings Beat And Dividend Growth Will Support Fairly Valued Shares

The updated analyst price target for Illinois Tool Works reflects a modest adjustment of a few dollars, as analysts refine their dollar-based valuation inputs in response to recent mixed target changes across major research firms. Analyst Commentary Recent research updates on Illinois Tool Works show a mix of target raises and cuts, which indicates that analysts are split on how to weigh the company’s valuation against its execution and growth profile.
FSS
US$131.09
Federal Signal
7D
3.2%
1Y
18.3%
DOV
US$213.71
Dover
7D
-7.4%
1Y
13.3%