Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Machinery Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies192
  • 7D1.0%
  • 3M18.5%
  • 1Y47.4%
  • YTD25.3%

In the last week, the Machinery industry is up 1.0%, with Deere up 4.1%. In the last 12 months, the industry was up 47%. 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
Sun, 28 Jun 2026US$1.7tUS$489.2bUS$44.8b28.2x37.6x3.4x
Tue, 26 May 2026US$1.4tUS$461.8bUS$43.7b26.9x33.2x3.1x
Thu, 23 Apr 2026US$1.5tUS$451.9bUS$43.6b27.2x34.1x3.3x
Sat, 21 Mar 2026US$1.4tUS$451.7bUS$43.4b25.9x31.1x3x
Mon, 16 Feb 2026US$1.5tUS$447.9bUS$43.0b29.9x35.1x3.4x
Wed, 14 Jan 2026US$1.3tUS$450.7bUS$43.7b26.4x30.8x3x
Fri, 12 Dec 2025US$1.3tUS$450.8bUS$43.7b26x29.4x2.8x
Sun, 09 Nov 2025US$1.2tUS$449.2bUS$43.9b24.1x28x2.7x
Tue, 07 Oct 2025US$1.2tUS$447.0bUS$44.2b24.1x26.7x2.6x
Thu, 04 Sep 2025US$1.1tUS$447.0bUS$44.2b24x25.3x2.5x
Sat, 02 Aug 2025US$1.1tUS$448.3bUS$44.7b22.7x25.5x2.5x
Mon, 30 Jun 2025US$1.1tUS$449.2bUS$44.6b24.1x23.9x2.4x
Wed, 28 May 2025US$1.0tUS$449.1bUS$44.6b23.7x23.1x2.3x
Fri, 25 Apr 2025US$932.3bUS$457.3bUS$48.7b20.6x19.1x2x
Sun, 23 Mar 2025US$1.0tUS$457.3bUS$47.9b21.3x21.1x2.2x
Tue, 18 Feb 2025US$1.1tUS$458.2bUS$48.0b23.8x22.7x2.4x
Thu, 16 Jan 2025US$1.1tUS$467.3bUS$47.9b22.9x22.3x2.3x
Sat, 14 Dec 2024US$1.1tUS$467.6bUS$47.9b24x23.2x2.4x
Mon, 11 Nov 2024US$1.1tUS$471.6bUS$49.0b24.9x22.7x2.4x
Wed, 09 Oct 2024US$1.1tUS$474.2bUS$49.4b21.6x21.4x2.2x
Fri, 06 Sep 2024US$972.9bUS$474.2bUS$49.4b20.6x19.7x2.1x
Sun, 04 Aug 2024US$948.4bUS$476.8bUS$50.6b21.7x18.8x2x
Tue, 02 Jul 2024US$962.9bUS$476.9bUS$51.6b20.5x18.7x2x
Thu, 30 May 2024US$995.5bUS$477.0bUS$51.3b22.1x19.4x2.1x
Sat, 27 Apr 2024US$1.0tUS$478.5bUS$49.6b23.2x20.5x2.1x
Mon, 25 Mar 2024US$1.1tUS$476.8bUS$48.0b23x21.9x2.2x
Wed, 21 Feb 2024US$965.9bUS$476.7bUS$47.4b23.1x20.4x2x
Fri, 19 Jan 2024US$933.1bUS$485.5bUS$47.8b21.8x19.5x1.9x
Sun, 17 Dec 2023US$950.7bUS$485.2bUS$47.9b22.4x19.9x2x
Tue, 14 Nov 2023US$845.3bUS$484.4bUS$47.2b19.6x17.9x1.7x
Thu, 12 Oct 2023US$748.1bUS$410.3bUS$36.0b20.6x20.8x1.8x
Sat, 09 Sep 2023US$905.2bUS$475.0bUS$44.4b20.5x20.4x1.9x
Mon, 07 Aug 2023US$938.2bUS$472.7bUS$43.7b20.4x21.5x2x
Wed, 05 Jul 2023US$909.2bUS$459.8bUS$40.2b20.6x22.6x2x
Price to Earnings Ratio

22.6x


Total Market Cap: US$909.2bTotal Earnings: US$40.2bTotal Revenue: US$459.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.8x202420252026
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 37.6x 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 3.4x.
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 Market-2.65%
Industrials-0.38%
Machinery1.03%
Agricultural Machinery4.16%
Industrial Machinery0.74%
Construction Machinery and Vehicles0.49%
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 18.5x.
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
DE DeereUS$613.244.1%
+US$6.5b		19.5%PE34.6x
CAT CaterpillarUS$997.471.2%
+US$5.4b		159.3%PE48.7x
PH Parker-HannifinUS$968.921.6%
+US$2.0b		38.3%PE35.1x
IR Ingersoll RandUS$81.374.4%
+US$1.4b		-3.4%PE54.2x
XYL XylemUS$116.454.5%
+US$1.2b		-9.2%PE28.2x

Latest News

VELO
US$16.64
Velo3D
7D
-44.3%
1Y
125.9%
Narrative Update • Jun 26

VELO: Defense Reindustrialization Tailwinds Will Support Metal Additive Demand

Analysts lifted their price target on Velo3D to $20 from $18, citing fresh research that points to the company's metal additive manufacturing platform playing a bigger role in U.S. aerospace and defense reindustrialization and supporting expectations for stronger revenue ramp and margin expansion. Analyst Commentary Recent research coverage on Velo3D highlights a split in sentiment, with some analysts emphasizing the potential of the metal additive manufacturing platform in U.S. aerospace and defense, while also pointing to meaningful execution and valuation risks that readers should keep in mind.
DE
US$613.24
Deere
7D
4.1%
1Y
19.5%
SPXC
US$231.87
SPX Technologies
7D
-4.6%
1Y
38.7%
Narrative Update • Jun 26

SPXC: Data Center Cooling Demand And Execution Risks Will Shape Returns

Analysts have nudged their price expectations for SPX Technologies higher, with the updated average fair value estimate moving from about $266.25 to roughly $268.83. This change reflects recent upward price target revisions supported by modestly adjusted assumptions for revenue growth, discount rate, profit margin, and future P/E.
WAB
US$269.53
Westinghouse Air Brake Technologies
7D
-1.6%
1Y
29.8%
PCAR
US$120.68
PACCAR
7D
1.5%
1Y
27.2%
Narrative Update • Jun 24

PCAR: Durable Earnings And Mixed Sentiment Will Test Execution Through The Truck Cycle

The PACCAR analyst price target has shifted modestly as mixed revisions from firms raising and lowering their targets led analysts to reassess assumptions on revenue growth, profit margins and future P/E levels, while holding fair value steady at $109.00. Analyst Commentary Recent research on PACCAR reflects a split view, with several bearish analysts trimming price targets while others have made modest upward adjustments.
CMI
US$685.87
Cummins
7D
-4.3%
1Y
110.6%
PH
US$968.92
Parker-Hannifin
7D
1.6%
1Y
38.3%
SWK
US$91.98
Stanley Black & Decker
7D
6.0%
1Y
36.0%
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.
LECO
US$266.56
Lincoln Electric Holdings
7D
-3.2%
1Y
27.4%
ITW
US$267.71
Illinois Tool Works
7D
1.4%
1Y
7.9%
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.
XYL
US$116.45
Xylem
7D
4.5%
1Y
-9.2%
FLS
US$72.56
Flowserve
7D
-11.2%
1Y
35.3%
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.
CAT
US$997.47
Caterpillar
7D
1.2%
1Y
159.3%
Narrative Update • Jun 22

CAT: AI Power Demand And Record Backlog Will Drive Future Multiple Repricing

The analyst price target for Caterpillar has been revised from $850.00 to $1,165.00. Analysts point to research that highlights strong demand across power generation, construction, mining, and oil and gas as key support for higher earnings assumptions, along with modestly higher long term revenue growth, margins, and P/E expectations.
IR
US$81.37
Ingersoll Rand
7D
4.4%
1Y
-3.4%
CECO
US$91.87
CECO Environmental
7D
-6.6%
1Y
210.4%
Analysis Article • Jun 21

CECO Environmental (CECO) Stock Could Be 9.1% Undervalued After Q1 Revenue Beat

CECO Environmental (CECO) drew investor attention after reporting Q1 revenue that exceeded forecasts by 4.1%, along with a record backlog above US$1b tied to natural gas power, electrification, and AI computing projects. See our latest analysis for CECO Environmental. CECO Environmental's latest Q1 update appears to have sharpened investor focus, with the stock's 30-day share price return of 20.43% and 90-day share price return of 68.46% sitting alongside a very large 5-year total shareholder...
MLI
US$128.20
Mueller Industries
7D
-6.7%
1Y
61.1%
Analysis Article • Jun 19

Mueller Industries (MLI) Stock Looks Cheap On P E But Rich On Cash Flow

Mueller Industries (MLI) shares have been active recently, prompting investors to reassess the US$137.39 stock price in light of the company’s current earnings, revenue mix, and recent return profile. See our latest analysis for Mueller Industries. Over the past year Mueller Industries has combined a strong recent run with some short term cooling, with a 90 day share price return of 27.5% and a 1 year total shareholder return of 90.81% suggesting momentum has been building over an extended...