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U.S. Machinery Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies192
  • 7D-3.7%
  • 3M5.1%
  • 1Y36.1%
  • YTD13.4%

Over the last 7 days, the Machinery industry has dropped 3.7%, driven by Caterpillar declining 7.6%. In the past year, the industry has gained 36%. 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, 11 Jun 2026US$1.5tUS$489.4bUS$44.9b26.2x34.4x3.2x
Sat, 09 May 2026US$1.5tUS$461.0bUS$43.9b27.3x34.3x3.3x
Mon, 06 Apr 2026US$1.4tUS$451.5bUS$43.6b26.2x31.6x3.1x
Wed, 04 Mar 2026US$1.5tUS$449.9bUS$43.2b28.2x34.6x3.3x
Fri, 30 Jan 2026US$1.4tUS$453.2bUS$42.9b27.7x31.6x3x
Sun, 28 Dec 2025US$1.3tUS$450.8bUS$43.7b25.6x29.1x2.8x
Tue, 25 Nov 2025US$1.2tUS$449.1bUS$43.9b23.8x27.6x2.7x
Thu, 23 Oct 2025US$1.2tUS$445.5bUS$44.6b24.5x26.8x2.7x
Sat, 20 Sep 2025US$1.2tUS$447.0bUS$44.2b24x26.4x2.6x
Mon, 18 Aug 2025US$1.1tUS$446.8bUS$44.2b23.7x25.3x2.5x
Wed, 16 Jul 2025US$1.1tUS$449.5bUS$44.6b23x24.9x2.5x
Fri, 13 Jun 2025US$1.1tUS$449.2bUS$44.5b23.2x23.9x2.4x
Sun, 11 May 2025US$1.0tUS$451.6bUS$45.3b22.1x22.2x2.2x
Tue, 08 Apr 2025US$886.3bUS$457.1bUS$48.6b18.3x18.2x1.9x
Thu, 06 Mar 2025US$1.0tUS$458.1bUS$47.9b21.4x21.2x2.2x
Sat, 01 Feb 2025US$1.1tUS$462.7bUS$47.6b23.5x23.5x2.4x
Mon, 30 Dec 2024US$1.1tUS$467.6bUS$47.9b22.6x22x2.2x
Wed, 27 Nov 2024US$1.1tUS$467.7bUS$48.0b25.3x23.8x2.4x
Fri, 25 Oct 2024US$1.1tUS$473.3bUS$48.9b21.3x21.6x2.2x
Sun, 22 Sep 2024US$1.0tUS$474.2bUS$49.4b21.4x20.9x2.2x
Tue, 20 Aug 2024US$978.5bUS$474.2bUS$49.0b21.3x20x2.1x
Thu, 18 Jul 2024US$1.0tUS$476.7bUS$51.6b21.7x20.1x2.2x
Sat, 15 Jun 2024US$976.3bUS$477.0bUS$51.3b21.7x19x2x
Mon, 13 May 2024US$1.0tUS$479.5bUS$51.8b22.2x20x2.2x
Wed, 10 Apr 2024US$1.1tUS$478.1bUS$48.1b23.9x22.2x2.2x
Fri, 08 Mar 2024US$1.0tUS$477.2bUS$47.5b24x21.3x2.1x
Sun, 04 Feb 2024US$991.8bUS$485.3bUS$48.3b23.1x20.6x2x
Tue, 02 Jan 2024US$969.0bUS$484.8bUS$47.9b22.8x20.2x2x
Thu, 30 Nov 2023US$874.5bUS$483.9bUS$47.8b20.3x18.3x1.8x
Sat, 28 Oct 2023US$811.5bUS$478.5bUS$45.4b18.3x17.9x1.7x
Mon, 25 Sep 2023US$868.8bUS$475.0bUS$44.4b19.8x19.6x1.8x
Wed, 23 Aug 2023US$891.1bUS$475.1bUS$44.5b19.7x20x1.9x
Fri, 21 Jul 2023US$951.0bUS$459.9bUS$40.2b20.7x23.6x2.1x
Sun, 18 Jun 2023US$894.8bUS$460.9bUS$40.5b20.1x22.1x1.9x
Price to Earnings Ratio

22.1x


Total Market Cap: US$894.8bTotal Earnings: US$40.5bTotal Revenue: US$460.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.6x202420252026
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 34.4x which is higher than its 3-year average PE of 23.6x.
  • 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 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 Market-4.05%
Industrials-3.24%
Machinery-3.67%
Industrial Machinery-0.82%
Agricultural Machinery-4.91%
Construction Machinery and Vehicles-5.79%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 16.4%, 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 18.3x.
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 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
PH Parker-HannifinUS$875.602.9%
+US$3.1b		30.3%PE31.7x
CR CraneUS$195.655.1%
+US$552.0m		4.8%PE35.3x
CECO CECO EnvironmentalUS$92.2916.1%
+US$459.9m		240.1%PE242.2x
ESE ESCO TechnologiesUS$304.693.1%
+US$239.9m		63.4%PE59.9x
FSS Federal SignalUS$110.653.3%
+US$214.7m		9.3%PE24.9x

Latest News

SYM
US$41.24
Symbotic
7D
-12.6%
1Y
43.2%
CECO
US$92.29
CECO Environmental
7D
16.1%
1Y
240.1%
WAB
US$256.52
Westinghouse Air Brake Technologies
7D
-2.4%
1Y
25.7%
ITT
US$184.24
ITT
7D
-5.1%
1Y
20.9%
Seeking Alpha • Jun 08

ITT: Share Gains, A Short-Cycle Rebound, And An Accretive Deal Led To Solid Results

Summary ITT Inc. continues to execute well, buoyed by robust short-cycle markets and the accretive SPX FLOW acquisition. Q1 delivered strong organic growth, margin expansion, and raised guidance, with notable outperformance in Flow Technologies and CCT. SPX FLOW acquisition enhances portfolio diversification and margin profile, but near-term capital allocation is constrained by increased leverage. Valuation is demanding, offering modest upside; long-term prospects remain attractive, but ITT stock is a tougher recommendation for new entrants. Read the full article on Seeking Alpha
PH
US$875.60
Parker-Hannifin
7D
2.9%
1Y
30.3%
Narrative Update • Jun 08

PH: Aerospace Acquisition And Dividend Streak Will Support Constructive Long Term View

Analysts have made a slight adjustment to their Parker Hannifin view, trimming the fair value estimate from $1,033.75 to $1,032.50 as small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions offset each other. What's in the News Parker Hannifin agreed to acquire CIRCOR Aerospace from KKR for US$2.55b in cash, adding flight critical motion and flow control systems and related technologies for commercial and defense platforms (source: recent deal announcement).
ESE
US$304.69
ESCO Technologies
7D
3.1%
1Y
63.4%
Narrative Update • Jun 07

ESE: New Credit Facilities And Acquisition Will Support Stronger Profitability Profile

Analysts have lifted their price target for ESCO Technologies from $270 to $345. They point to updated assumptions around slightly higher discount rates, a revised revenue growth outlook, a modestly stronger profit margin profile, and a higher future P/E multiple.
CNH
US$10.18
CNH Industrial
7D
-7.8%
1Y
-21.3%
Narrative Update • Jun 06

CNH: Tariff Relief And Construction Projects Will Support 2026 Recovery

CNH Industrial's analyst price target has been nudged slightly lower to around $13.31 from about $13.36, as analysts balance modest adjustments to their fair value and P/E assumptions with expectations that lower U.S. agricultural equipment tariffs could offer an incremental earnings tailwind. Analyst Commentary Recent research points to a mixed setup for CNH Industrial, with tariff relief viewed as a modest earnings support, while several firms trim price targets or ratings as they reassess valuation and execution risks.
CMI
US$630.52
Cummins
7D
-7.6%
1Y
94.9%
DE
US$560.05
Deere
7D
-4.8%
1Y
7.5%
CAT
US$856.16
Caterpillar
7D
-7.6%
1Y
135.8%
Narrative Update • Jun 05

CAT: AI Power Projects And Tariff Relief Will Likely Cap Future Upside

Caterpillar's analyst price target has shifted from $575 to about $670 as analysts factor in Street research highlighting stronger demand expectations across power generation, construction, mining, and oil and gas, along with higher projected revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent Street research on Caterpillar has leaned constructive on the demand outlook in power generation, construction, mining, and oil and gas, with several firms lifting price targets to reflect stronger earnings assumptions and higher P/E multiples.
CR
US$195.65
Crane
7D
5.1%
1Y
4.8%
Narrative Update • Jun 05

CR: Acquisition Momentum And Margin Strength Will Support Premium Future P/E

Analysts have trimmed their price target on Crane to $235 from $238, citing updated assumptions that combine slightly lower projected revenue growth and P/E with a modestly higher profit margin outlook and discount rate. What's in the News Crane reported Q1 revenue up 24.9% year on year, coming in 3.8% above analyst expectations, with adjusted EPS up 15% in the quarter, according to recent coverage of general industrial machinery stocks Q1 results.
TRN
US$33.74
Trinity Industries
7D
5.1%
1Y
27.5%
IR
US$70.48
Ingersoll Rand
7D
0.6%
1Y
-15.3%
Narrative Update • Jun 03

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

Analysts have trimmed their price target for Ingersoll Rand to $93.20 from $94, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E. These changes slightly adjust their outlook while keeping the broader thesis intact.
AGCO
US$108.71
AGCO
7D
-9.1%
1Y
6.2%
Narrative Update • Jun 03

AGCO: Tariff Relief And Mixed Regional Trends Will Likely Cap Future Upside

Analysts have nudged the fair value estimate for AGCO up from $102.00 to $105.00, pointing to updated tariff relief that supports earnings potential for agricultural equipment makers, and also reflecting revised assumptions for discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research around AGCO is mixed, with some analysts highlighting tariff relief as a modest earnings tailwind while others are leaning more cautious on the stock's risk and reward trade off.
MLI
US$132.44
Mueller Industries
7D
0.8%
1Y
69.0%
FSS
US$110.65
Federal Signal
7D
3.3%
1Y
9.3%
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.