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U.S. Machinery Industry Analysis

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies189
  • 7D5.6%
  • 3M3.2%
  • 1Y37.7%
  • YTD22.1%

The Machinery industry is up 5.6% in the last week, with Caterpillar up 11%. In the same time, AGCO was down 11%. This takes the industry's 12 month performance to a gain of 38%. Looking forward, 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
Thu, 06 Aug 2026US$1.6tUS$494.7bUS$47.1b27.8x33.7x3.2x
Sat, 04 Jul 2026US$1.6tUS$462.0bUS$43.4b27.9x36x3.4x
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
Price to Earnings Ratio

21.5x


Total Market Cap: US$936.8bTotal Earnings: US$43.5bTotal Revenue: US$473.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 24.3x202420252026
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 33.7x which is higher than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 2.4x 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 2.7% 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 Market5.51%
Industrials6.11%
Machinery5.63%
Construction Machinery and Vehicles7.60%
Industrial Machinery5.36%
Agricultural Machinery0.11%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings growth of 8.8% 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 19.2x.
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 15% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 15% 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$871.0811.3%
+US$40.7b		103.7%PE37x
CMI CumminsUS$650.257.3%
+US$5.9b		70.4%PE33x
PH Parker-HannifinUS$996.904.8%
+US$5.8b		43.0%PE36.1x
IR Ingersoll RandUS$90.006.4%
+US$1.8b		17.7%PE36.4x
DOV DoverUS$210.406.3%
+US$1.7b		20.7%PE25.1x

Latest News

CAT
US$871.08
Caterpillar
7D
11.3%
1Y
103.7%
ASTE
US$45.04
Astec Industries
7D
-11.7%
1Y
14.4%
TKR
US$131.32
Timken
7D
-0.7%
1Y
78.5%
JBTM
US$122.01
JBT Marel
7D
-13.6%
1Y
-10.4%
SWK
US$103.27
Stanley Black & Decker
7D
11.0%
1Y
51.3%
Narrative Update • Aug 05

SWK: Buybacks And Higher EPS Outlook Will Support Measured Future Returns

Analysts have revised their price target on Stanley Black & Decker from about $116.82 to $110.00, reflecting updated assumptions around a lower discount rate, adjusted revenue growth and profit margin expectations, and a more conservative future P/E multiple. What’s in the News for Stanley Black & Decker Stanley Black & Decker reported Q2 net sales that were described as stable and cited tariff refunds and the sale of its aerospace manufacturing business as key contributors to a more than threefold increase in net earnings, while also paying down debt and repurchasing shares.
PCAR
US$133.34
PACCAR
7D
-0.4%
1Y
36.9%
AIN
US$61.81
Albany International
7D
-16.2%
1Y
1.0%
CMI
US$650.25
Cummins
7D
7.3%
1Y
70.4%
AGCO
US$103.83
AGCO
7D
-10.6%
1Y
-8.2%
PH
US$996.90
Parker-Hannifin
7D
4.8%
1Y
43.0%
IR
US$90.00
Ingersoll Rand
7D
6.4%
1Y
17.7%
Narrative Update • Aug 03

IR: Buybacks And New Technology Partnership Will Support Stronger Future Returns

Analysts have modestly raised their price target for Ingersoll Rand to $115.00 from $113.91, as small adjustments to the discount rate, projected revenue growth, profit margin, and future P/E assumptions feed into a slightly higher fair value estimate. What’s in the News for Ingersoll Rand Ingersoll Rand continued its share repurchase activity between April 1, 2026 and June 30, 2026, buying back 3,105,047 shares, or 0.79% of its stock, for US$240 million under the program announced on September 1, 2021.
TRN
US$32.46
Trinity Industries
7D
-11.6%
1Y
20.3%
Narrative Update • Aug 01

TRN: Future Returns Will Hinge On 2026 EPS And India Leasing Expansion

Analysts have trimmed their price target on Trinity Industries to $34.00 from $35.50 as they now expect lower revenue growth and profit margins, partly offset by a reduced discount rate and a higher assumed future P/E multiple. What’s in the News for Trinity Industries Trinity Industries, Inc.
SPXC
US$214.93
SPX Technologies
7D
14.5%
1Y
5.6%
ITW
US$297.32
Illinois Tool Works
7D
1.7%
1Y
15.5%
Narrative Update • Jul 30

ITW: Dividend Strength And Q1 Execution Will Support Fairly Valued Shares

Analysts have lifted the fair value estimate for Illinois Tool Works from about $280 to about $296. They cite refreshed models after Q2 results, modestly higher assumed revenue growth and margins, and updated longer term P/E expectations that are broadly in line with a wave of recent price target increases across the Street.
DOV
US$210.40
Dover
7D
6.3%
1Y
20.7%
OTIS
US$73.10
Otis Worldwide
7D
-0.4%
1Y
-15.9%