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U.S. Machinery Industry Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies193
  • 7D0.4%
  • 3M7.7%
  • 1Y22.5%
  • YTD0%

In the last week, Machinery has been flat. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the U.S. Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026US$1.2tUS$450.9bUS$43.7b25.1x28.6x2.8x
Mon, 01 Dec 2025US$1.3tUS$450.7bUS$43.7b24.9x28.7x2.8x
Wed, 29 Oct 2025US$1.2tUS$445.9bUS$44.2b24.5x27.3x2.7x
Fri, 26 Sep 2025US$1.1tUS$447.0bUS$44.2b23.9x26x2.6x
Sun, 24 Aug 2025US$1.2tUS$446.9bUS$44.2b24.3x26.1x2.6x
Tue, 22 Jul 2025US$1.1tUS$449.5bUS$44.6b22.9x25.1x2.5x
Thu, 19 Jun 2025US$1.0tUS$449.2bUS$44.5b23x23.4x2.3x
Sat, 17 May 2025US$1.1tUS$449.1bUS$44.6b24.2x23.7x2.4x
Mon, 14 Apr 2025US$916.8bUS$457.0bUS$48.6b19.7x18.9x2x
Wed, 12 Mar 2025US$1.0tUS$457.9bUS$47.8b21.4x21.8x2.3x
Fri, 07 Feb 2025US$1.1tUS$461.5bUS$49.0b23x22.4x2.4x
Sun, 05 Jan 2025US$1.0tUS$467.3bUS$47.9b23x21.9x2.2x
Tue, 03 Dec 2024US$1.2tUS$467.6bUS$47.8b25.4x24.1x2.5x
Thu, 31 Oct 2024US$1.1tUS$473.9bUS$49.1b21.9x21.6x2.2x
Sat, 28 Sep 2024US$1.1tUS$474.2bUS$49.4b22.3x21.4x2.2x
Mon, 26 Aug 2024US$989.8bUS$474.2bUS$49.3b21.8x20.1x2.1x
Wed, 24 Jul 2024US$1.0tUS$476.7bUS$51.7b21.9x19.7x2.1x
Fri, 21 Jun 2024US$971.8bUS$476.9bUS$51.6b21.8x18.8x2x
Sun, 19 May 2024US$1.0tUS$477.4bUS$51.3b22.1x20.1x2.2x
Tue, 16 Apr 2024US$1.0tUS$478.1bUS$48.1b23.1x21.6x2.2x
Thu, 14 Mar 2024US$1.0tUS$477.2bUS$47.5b23.3x21.3x2.1x
Sat, 10 Feb 2024US$976.7bUS$476.7bUS$47.2b22.3x20.7x2x
Mon, 08 Jan 2024US$941.1bUS$485.5bUS$47.8b21.9x19.7x1.9x
Wed, 06 Dec 2023US$903.8bUS$483.9bUS$47.8b20.9x18.9x1.9x
Fri, 03 Nov 2023US$817.1bUS$484.1bUS$46.8b19.4x17.5x1.7x
Sun, 01 Oct 2023US$869.5bUS$475.1bUS$44.4b20.1x19.6x1.8x
Tue, 29 Aug 2023US$900.2bUS$475.1bUS$44.5b20x20.2x1.9x
Thu, 27 Jul 2023US$936.3bUS$462.7bUS$40.8b20.7x23x2x
Sat, 24 Jun 2023US$872.3bUS$460.9bUS$40.5b19.8x21.6x1.9x
Mon, 22 May 2023US$809.4bUS$456.7bUS$39.7b18.3x20.4x1.8x
Wed, 19 Apr 2023US$828.7bUS$444.6bUS$38.3b20.1x21.7x1.9x
Fri, 17 Mar 2023US$804.7bUS$442.8bUS$38.0b21.7x21.2x1.8x
Sun, 12 Feb 2023US$867.3bUS$438.1bUS$37.2b23.1x23.3x2x
Tue, 10 Jan 2023US$835.5bUS$439.6bUS$35.9b21.5x23.3x1.9x
Price to Earnings Ratio

23.3x


Total Market Cap: US$835.5bTotal Earnings: US$35.9bTotal Revenue: US$439.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 22x202420252026
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 28.6x which is higher than its 3-year average PE of 22.0x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 6.8% 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 Market-1.05%
Industrials0.15%
Machinery0.38%
Construction Machinery and Vehicles1.30%
Industrial Machinery-0.14%
Agricultural Machinery-0.38%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings growth of 0.6% 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 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 0.6% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 14% 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$598.412.6%
+US$7.2b		64.5%PE30.2x
SYM SymboticUS$64.8711.9%
+US$838.8m		153.0%PS3.5x
PH Parker-HannifinUS$893.980.7%
+US$744.5m		40.2%PE31x
CMI CumminsUS$522.030.6%
+US$401.7m		47.3%PE27x
OTIS Otis WorldwideUS$88.340.8%
+US$280.6m		-4.9%PE25.6x

Latest News

WAB
US$216.28
Westinghouse Air Brake Technologies
7D
-1.4%
1Y
13.6%

Shareholders Should Be Pleased With Westinghouse Air Brake Technologies Corporation's (NYSE:WAB) Price

Jan 02
Shareholders Should Be Pleased With Westinghouse Air Brake Technologies Corporation's (NYSE:WAB) Price
CMI
US$522.03
Cummins
7D
0.6%
1Y
47.3%
ITW
US$249.50
Illinois Tool Works
7D
-1.2%
1Y
-1.1%
SPXC
US$203.26
SPX Technologies
7D
-2.5%
1Y
35.5%

SPXC: Durable HVAC And Defense Demand Will Drive Post-Offering Upside Potential

Analysts have nudged their fair value estimate for SPX Technologies higher to approximately $235 from about $231, citing slightly faster expected revenue growth and continued confidence in the company's ability to capitalize on durable HVAC and defense demand trends, despite a rich valuation and recent equity offering related volatility. Analyst Commentary Street research on SPX Technologies reflects a generally constructive outlook on the company’s long term growth profile, tempered by concerns around valuation and near term equity issuance dynamics.
XYL
US$137.11
Xylem
7D
-1.2%
1Y
17.0%

Investors Appear Satisfied With Xylem Inc.'s (NYSE:XYL) Prospects

Dec 23
Investors Appear Satisfied With Xylem Inc.'s (NYSE:XYL) Prospects
DE
US$466.80
Deere
7D
-0.5%
1Y
10.6%

DE: Precision Ag Subscriptions Will Support Earnings Recovery As Downturn Nears Trough

Analysts have nudged our fair value estimate for Deere modestly higher by about $1.50 per share to roughly $527, reflecting increased confidence that Precision Ag subscription growth and a maturing earnings downturn will support steadier profitability despite a still mixed cyclical backdrop. Analyst Commentary Recent Street commentary on Deere underscores a constructive long term outlook supported by Precision Ag adoption and technology driven differentiation, tempered by caution around near term cyclical headwinds and used equipment dynamics.
SYM
US$64.87
Symbotic
7D
11.9%
1Y
153.0%

SYM: Deployment Delays Will Challenge Margin Story Despite Recent Optimism

Analysts have lifted their price target on Symbotic to $40 from roughly $22, citing accelerating revenue growth, significantly improved margin expectations, and a more reasonable future earnings multiple, despite some lingering concerns over deployment timing and valuation. Analyst Commentary Recent research updates reflect a more divided Wall Street view on Symbotic, with some price target increases offset by cautious positioning and at least one downgrade.
SWK
US$76.47
Stanley Black & Decker
7D
1.4%
1Y
-5.3%
ITT
US$174.21
ITT
7D
-2.1%
1Y
22.0%

ITT: Record Backlog And M&A Execution Will Drive Future Upside Potential

Analysts have raised our ITT price target to $225 from $210, reflecting modestly lower risk assumptions, slightly stronger long term margin and earnings potential, and support from recent target increases on the Street that highlight above peer EPS growth, robust execution, and growing M&A contributions. Analyst Commentary Bullish Takeaways Bullish analysts highlight a strong Q3 beat and raise as evidence of robust execution, supporting a premium valuation multiple versus industrial peers.
PH
US$893.98
Parker-Hannifin
7D
0.7%
1Y
40.2%

PH: Elevated Margin Outlook Will Likely Limit Future Share Price Upside

Analysts have raised their price target on Parker-Hannifin significantly, from approximately $592 to about $701. They cite slightly stronger expected revenue growth, higher projected profit margins, a modestly higher future P/E multiple, and a somewhat increased discount rate that still supports a higher fair value estimate.
CAT
US$598.41
Caterpillar
7D
2.6%
1Y
64.5%

CAT: Power Demand Optimism Will Likely Fade And Pressure Future Returns

Analysts have lifted their Caterpillar fair value estimate by about $28 to roughly $393, citing upward revisions to revenue growth and margins, a modestly higher assumed future P E multiple, and a wave of recent price target increases and upgrades following stronger than expected Q3 results and improving Power Gen and construction demand. Analyst Commentary Recent Street research reflects a broadly constructive view on Caterpillar following its Q3 earnings beat, with multiple upgrades and sizable price target increases.
OSK
US$132.22
Oshkosh
7D
1.3%
1Y
40.3%
OTIS
US$88.34
Otis Worldwide
7D
0.8%
1Y
-4.9%

OTIS: Modernization And IoT Expansion Will Drive Higher Margins And Earnings

Analysts have modestly raised their price target on Otis Worldwide by about 1 dollar to reflect slightly stronger expected profit margins, a marginally lower discount rate, and broadly stable growth and valuation assumptions. What's in the News Expanded Gen3 Core elevator platform in North America with higher load capacities, larger cabs and doors, and Otis ONE IoT connectivity, targeting low rise buildings that need to move heavier equipment and deliveries efficiently (Product Related Announcement).
RBC
US$458.79
RBC Bearings
7D
0.5%
1Y
52.1%

RBC: Future Guidance And Buybacks Will Support Balanced Fair Value Outlook

Analysts have modestly raised their price target on RBC Bearings, adding about 0.5 percent to their valuation as slightly higher long term revenue growth, improved profit margins, and a marginally lower discount rate support a new fair value estimate of approximately 482 dollars per share. What's in the News Issued new earnings guidance for the third quarter of fiscal 2026, targeting net sales of approximately 454 million dollars to 462 million dollars, a projected increase of 15.1 percent to 17.1 percent from 394.4 million dollars in the prior year period (company guidance).
IR
US$79.76
Ingersoll Rand
7D
-1.9%
1Y
-13.8%

IR: Share Repurchases Will Drive Stronger Returns Despite Higher Discount Rate

Analysts have trimmed their price target on Ingersoll Rand to approximately $100.00 from about $111.00. This reflects a higher assumed discount rate and lower future valuation multiples, which more than offset modestly improved growth and margin expectations.
DOV
US$195.75
Dover
7D
-2.2%
1Y
4.1%

DOV: Cost Controls And Productivity Will Sustain Margins Amid Sluggish Demand

Analysts have nudged their price target on Dover slightly higher to about $215 per share from roughly $214.65. They cite the company’s ability to offset sluggish top line growth with productivity gains, positive mix, and disciplined cost controls that support modestly stronger revenue growth and resilient margins.