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U.S. Machinery Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies191
  • 7D0.7%
  • 3M17.4%
  • 1Y48.1%
  • YTD25.8%

Over the last 7 days, the Machinery industry has risen 1.0%, driven by gains from Deere of 4.7%. This takes the industry's 12 month performance to a gain of 46%. 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
Tue, 30 Jun 2026US$1.6tUS$489.3bUS$44.9b28.3x36.4x3.3x
Thu, 28 May 2026US$1.5tUS$461.8bUS$43.6b26.8x33.9x3.2x
Sat, 25 Apr 2026US$1.5tUS$452.4bUS$43.6b27.7x34.7x3.3x
Mon, 23 Mar 2026US$1.3tUS$451.7bUS$43.4b25.9x30.7x3x
Wed, 18 Feb 2026US$1.5tUS$448.2bUS$42.9b30.1x35.2x3.4x
Fri, 16 Jan 2026US$1.4tUS$450.7bUS$43.7b27.6x31.1x3x
Sun, 14 Dec 2025US$1.3tUS$450.8bUS$43.7b26x29.4x2.8x
Tue, 11 Nov 2025US$1.2tUS$449.2bUS$43.9b24x28x2.7x
Thu, 09 Oct 2025US$1.2tUS$447.0bUS$44.9b24.2x26.1x2.6x
Sat, 06 Sep 2025US$1.1tUS$447.0bUS$44.2b24.6x25.6x2.5x
Mon, 04 Aug 2025US$1.1tUS$447.5bUS$44.6b22.7x24.9x2.5x
Wed, 02 Jul 2025US$1.1tUS$449.2bUS$44.6b24x24.4x2.4x
Fri, 30 May 2025US$1.0tUS$449.1bUS$44.6b23.4x23.4x2.3x
Sun, 27 Apr 2025US$955.3bUS$457.2bUS$48.4b20.9x19.7x2.1x
Tue, 25 Mar 2025US$1.0tUS$457.3bUS$47.9b22x21.2x2.2x
Thu, 20 Feb 2025US$1.1tUS$458.2bUS$48.0b24.2x22.7x2.4x
Sat, 18 Jan 2025US$1.1tUS$467.3bUS$47.9b23.5x22.7x2.3x
Mon, 16 Dec 2024US$1.1tUS$467.4bUS$47.9b24x23.1x2.4x
Wed, 13 Nov 2024US$1.1tUS$471.6bUS$49.0b24.7x22.9x2.4x
Fri, 11 Oct 2024US$1.1tUS$474.2bUS$49.4b21.1x21.4x2.2x
Sun, 08 Sep 2024US$952.7bUS$474.2bUS$49.4b20.3x19.3x2x
Tue, 06 Aug 2024US$948.5bUS$476.8bUS$50.6b20.9x18.8x2x
Thu, 04 Jul 2024US$953.3bUS$476.9bUS$51.6b19.8x18.5x2x
Sat, 01 Jun 2024US$984.7bUS$477.0bUS$51.3b22.8x19.2x2.1x
Mon, 29 Apr 2024US$1.0tUS$478.5bUS$49.6b23.2x20.5x2.1x
Wed, 27 Mar 2024US$1.0tUS$476.8bUS$48.0b23.7x21.8x2.2x
Fri, 23 Feb 2024US$970.7bUS$476.3bUS$47.3b23.4x20.5x2x
Sun, 21 Jan 2024US$938.6bUS$485.5bUS$47.8b22.4x19.6x1.9x
Tue, 19 Dec 2023US$947.6bUS$485.2bUS$47.9b22.1x19.8x2x
Thu, 16 Nov 2023US$870.8bUS$484.4bUS$47.2b20.5x18.5x1.8x
Sat, 14 Oct 2023US$865.1bUS$475.1bUS$44.4b19.9x19.5x1.8x
Mon, 11 Sep 2023US$882.3bUS$475.0bUS$44.4b20.5x19.9x1.9x
Wed, 09 Aug 2023US$946.3bUS$473.2bUS$43.5b20.7x21.8x2x
Fri, 07 Jul 2023US$886.0bUS$459.8bUS$40.2b20.2x22x1.9x
Price to Earnings Ratio

22x


Total Market Cap: US$886.0bTotal 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 36.4x 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 3.3x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.7% per year over the last three years.
  • Revenues for these companies have grown 2.1% 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 Market0.31%
Industrials-0.68%
Machinery0.68%
Agricultural Machinery5.07%
Industrial Machinery0.21%
Construction Machinery and Vehicles-0.017%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.6x.
    • 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 18.6x.
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
DE DeereUS$626.634.7%
+US$7.6b		23.2%PE35.4x
CAT CaterpillarUS$1.03k1.1%
+US$5.0b		166.1%PE50.5x
CNH CNH IndustrialUS$11.399.7%
+US$1.3b		-12.1%PE36.6x
IR Ingersoll RandUS$80.984.0%
+US$1.2b		-2.6%PE54x
XYL XylemUS$116.734.4%
+US$1.2b		-9.8%PE28.3x

Latest News

ITT
US$190.40
ITT
7D
-4.4%
1Y
21.4%
CAT
US$1,033.19
Caterpillar
7D
1.1%
1Y
166.1%
CMI
US$691.09
Cummins
7D
-4.7%
1Y
111.0%
CECO
US$90.07
CECO Environmental
7D
-9.6%
1Y
218.2%
MLI
US$122.83
Mueller Industries
7D
-12.0%
1Y
54.6%
DE
US$626.63
Deere
7D
4.7%
1Y
23.2%
WAB
US$268.30
Westinghouse Air Brake Technologies
7D
-3.1%
1Y
28.2%
OSK
US$153.64
Oshkosh
7D
8.0%
1Y
35.3%
SWK
US$93.65
Stanley Black & Decker
7D
8.5%
1Y
38.2%
Narrative Update • Jun 23

SWK: Cost Cuts And Portfolio Simplification Will Shape Future Margin Upside

The analyst price target for Stanley Black & Decker has been revised to $92.65 from $89.87, with analysts pointing to updated assumptions on revenue growth, profit margins, discount rate and future P/E to support the change. What’s in the News for Stanley Black & Decker Stanley Black & Decker is shifting from a multi year recovery toward a growth and shareholder return phase, supported by a $2b global cost reduction program that has produced over $2.1b in pre tax run rate savings and portfolio simplification through divestitures such as the $1.8b sale of Consolidated Aerospace Manufacturing to Howmet Aerospace.
ITW
US$267.47
Illinois Tool Works
7D
0.8%
1Y
8.2%
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.
CNH
US$11.39
CNH Industrial
7D
9.7%
1Y
-12.1%
Narrative Update • Jun 23

CNH: Tariff Relief And R&D Investments Will Support 2027 Recovery

Analysts have trimmed their average price target on CNH Industrial by around $1, reflecting mixed recent research views that consider both tariff-related earnings tailwinds and more cautious stock ratings. Analyst Commentary Recent research on CNH Industrial reflects a mix of optimism around tariff relief and more cautious views on execution and valuation, which is feeding into the trimmed average price targets.
XYL
US$116.73
Xylem
7D
4.4%
1Y
-9.8%
FLS
US$73.26
Flowserve
7D
-10.2%
1Y
39.9%
Narrative Update • Jun 22

FLS: Margin Expansion And AI Infrastructure Tailwinds Face Activist Pressure

Flowserve's updated narrative keeps fair value steady at $90, while analysts trim price targets by $1 to $15 in response to recent research that reflects modestly adjusted assumptions related to discount rate, growth, and P/E expectations. Analyst Commentary Recent Street research around Flowserve shows a mix of views on valuation, with several firms adjusting price targets in both directions and one new assumption of coverage.
IR
US$80.98
Ingersoll Rand
7D
4.0%
1Y
-2.6%
ALSN
US$115.36
Allison Transmission Holdings
7D
-4.8%
1Y
21.4%
Analysis Article • Jun 20

Allison Transmission Holdings (ALSN) Stock Could Be 12.7% Undervalued After $250 Million CV90 Deal

Allison Transmission Holdings (ALSN) is back on investor radars after securing a $250 million contract with BAE Systems Hägglunds for CV90 MkIV infantry fighting vehicles, alongside repricing its $508 million term loan. See our latest analysis for Allison Transmission Holdings. Against this backdrop of new defense work and lower borrowing costs, Allison Transmission Holdings has seen a 30-day share price return of 9.2% and a year to date share price return of 20.38%. Its 1-year total...
DOV
US$224.00
Dover
7D
-2.4%
1Y
22.3%