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U.S. Machinery Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies193
  • 7D2.8%
  • 3M9.8%
  • 1Y25.6%
  • YTD1.7%

In the last week, the Machinery industry is up 2.8%, with Caterpillar up 6.7%. This takes the industry's 12 month performance to a gain of 26%. 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
Tue, 06 Jan 2026US$1.3tUS$450.9bUS$43.7b25.4x29.7x2.9x
Thu, 04 Dec 2025US$1.3tUS$450.7bUS$43.7b25.3x28.7x2.8x
Sat, 01 Nov 2025US$1.2tUS$447.9bUS$44.5b23.8x27.5x2.7x
Mon, 29 Sep 2025US$1.2tUS$447.0bUS$44.2b24.1x26x2.6x
Wed, 27 Aug 2025US$1.1tUS$446.9bUS$44.2b24.3x25.9x2.6x
Fri, 25 Jul 2025US$1.1tUS$448.6bUS$44.3b23x25.8x2.5x
Sun, 22 Jun 2025US$1.0tUS$449.2bUS$44.5b22.4x23.5x2.3x
Tue, 20 May 2025US$1.1tUS$449.1bUS$44.6b24.1x24.1x2.4x
Thu, 17 Apr 2025US$927.0bUS$457.0bUS$48.6b19.7x19.1x2x
Sat, 15 Mar 2025US$996.5bUS$457.3bUS$47.9b21.4x20.8x2.2x
Mon, 10 Feb 2025US$1.1tUS$461.6bUS$48.9b23x22.4x2.4x
Wed, 08 Jan 2025US$1.0tUS$467.3bUS$47.9b23x21.9x2.2x
Fri, 06 Dec 2024US$1.1tUS$467.7bUS$47.8b24.8x23.9x2.4x
Sun, 03 Nov 2024US$1.0tUS$473.8bUS$49.3b23.1x21.3x2.2x
Tue, 01 Oct 2024US$1.1tUS$474.2bUS$49.4b22.6x21.5x2.2x
Thu, 29 Aug 2024US$995.0bUS$474.2bUS$49.3b21.6x20.2x2.1x
Sat, 27 Jul 2024US$1.0tUS$477.0bUS$51.7b21.9x19.4x2.1x
Mon, 24 Jun 2024US$966.1bUS$476.9bUS$51.6b21.6x18.7x2x
Wed, 22 May 2024US$1.0tUS$477.4bUS$51.3b22.3x20.2x2.2x
Fri, 19 Apr 2024US$1.0tUS$478.1bUS$48.2b22.1x21.1x2.1x
Sun, 17 Mar 2024US$1.0tUS$476.8bUS$48.0b23x21.3x2.1x
Tue, 13 Feb 2024US$986.5bUS$476.7bUS$47.3b22.8x20.9x2.1x
Thu, 11 Jan 2024US$943.3bUS$485.4bUS$47.8b22x19.7x1.9x
Sat, 09 Dec 2023US$896.6bUS$483.9bUS$47.8b21.5x18.7x1.9x
Mon, 06 Nov 2023US$853.0bUS$484.2bUS$46.8b19.7x18.2x1.8x
Wed, 04 Oct 2023US$864.0bUS$475.1bUS$44.4b19.7x19.5x1.8x
Fri, 01 Sep 2023US$926.4bUS$475.1bUS$44.5b20.6x20.8x1.9x
Sun, 30 Jul 2023US$933.7bUS$465.4bUS$41.2b20.7x22.6x2x
Tue, 27 Jun 2023US$880.0bUS$460.9bUS$40.5b19.9x21.7x1.9x
Thu, 25 May 2023US$789.6bUS$460.8bUS$40.4b18.2x19.5x1.7x
Sat, 22 Apr 2023US$822.6bUS$444.7bUS$38.3b20x21.5x1.8x
Mon, 20 Mar 2023US$788.4bUS$442.8bUS$38.0b21x20.7x1.8x
Wed, 15 Feb 2023US$868.1bUS$438.1bUS$37.2b23.4x23.4x2x
Fri, 13 Jan 2023US$859.5bUS$439.6bUS$36.4b23.2x23.6x2x
Price to Earnings Ratio

23.6x


Total Market Cap: US$859.5bTotal Earnings: US$36.4bTotal 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 29.7x 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 2.9x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 6.2% 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 Market0.48%
Industrials2.65%
Machinery2.77%
Construction Machinery and Vehicles4.81%
Industrial Machinery1.91%
Agricultural Machinery-0.068%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 16.3%, 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 16.2x.
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$616.106.7%
+US$18.1b		69.7%PE31.1x
CMI CumminsUS$531.703.5%
+US$2.5b		47.7%PE27.5x
PH Parker-HannifinUS$906.892.0%
+US$2.3b		42.8%PE31.4x
PCAR PACCARUS$112.921.8%
+US$1.0b		3.1%PE22x
SYM SymboticUS$68.6213.9%
+US$1.0b		168.2%PS3.7x

Latest News

IR
US$82.21
Ingersoll Rand
7D
1.9%
1Y
-7.8%
ALSN
US$97.97
Allison Transmission Holdings
7D
-1.0%
1Y
-11.1%

Allison Transmission Holdings (NYSE:ALSN) Seems To Use Debt Quite Sensibly

Jan 05
Allison Transmission Holdings (NYSE:ALSN) Seems To Use Debt Quite Sensibly
PH
US$906.89
Parker-Hannifin
7D
2.0%
1Y
42.8%

Some Shareholders Feeling Restless Over Parker-Hannifin Corporation's (NYSE:PH) P/E Ratio

Jan 05
Some Shareholders Feeling Restless Over Parker-Hannifin Corporation's (NYSE:PH) P/E Ratio
DOV
US$202.27
Dover
7D
2.3%
1Y
7.6%

Returns On Capital At Dover (NYSE:DOV) Have Hit The Brakes

Jan 05
Returns On Capital At Dover (NYSE:DOV) Have Hit The Brakes
TRN
US$26.58
Trinity Industries
7D
-1.3%
1Y
-24.7%

TRN: Steady Outlook Will Rely On Dividends And Buybacks To Support Price

Analysts have kept their price target for Trinity Industries steady at US$25.50, indicating that their updated assumptions around discount rate, revenue growth, profit margin and future P/E are essentially unchanged for now. What's in the News Trinity Industries raised its quarterly dividend on common stock to US$0.31 per share from US$0.30, marking seven consecutive years of dividend increases and the 247th consecutive quarterly payment.
OSK
US$136.71
Oshkosh
7D
8.0%
1Y
47.4%

OSK: Tariff Uncertainty And Access Demand Weakness Will Shape Earnings Outlook

Analysts have raised their Oshkosh fair value estimate from $90.00 to $125.00 per share, reflecting slightly higher assumed discount and growth rates as they balance near term weakness in Access equipment demand with a still constructive longer term earnings outlook. Analyst Commentary Bearish analysts have recently tempered their expectations for Oshkosh, pointing to a more challenging demand backdrop and execution risks that could cap upside to the newly raised fair value estimate.
PCAR
US$112.92
PACCAR
7D
1.8%
1Y
3.1%
CMI
US$531.70
Cummins
7D
3.5%
1Y
47.7%
MWA
US$24.01
Mueller Water Products
7D
-1.1%
1Y
9.2%

Mueller Water Products (NYSE:MWA) Seems To Use Debt Rather Sparingly

Dec 31
Mueller Water Products (NYSE:MWA) Seems To Use Debt Rather Sparingly
FTV
US$53.81
Fortive
7D
-3.8%
1Y
-29.8%

Estimating The Fair Value Of Fortive Corporation (NYSE:FTV)

Dec 27
Estimating The Fair Value Of Fortive Corporation (NYSE:FTV)
ITW
US$249.59
Illinois Tool Works
7D
-0.5%
1Y
0.4%
DE
US$466.10
Deere
7D
-0.8%
1Y
12.8%

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$68.62
Symbotic
7D
13.9%
1Y
168.2%

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.
CAT
US$616.10
Caterpillar
7D
6.7%
1Y
69.7%

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.
PNR
US$102.67
Pentair
7D
-2.9%
1Y
4.0%

PNR: Data Center Demand Will Support Best In Class Margins

Pentair's analyst price target has been nudged higher by a modest amount to reflect analysts' increased confidence in sustained double digit EPS growth and best in class margin execution, as highlighted in recent research updates. Analyst Commentary Bullish analysts are increasingly constructive on Pentair's medium term setup, pointing to the combination of consistent execution, an improving earnings trajectory, and a disciplined transformation framework as key drivers behind the latest round of target price increases.
RAIN
US$3.96
Rain Enhancement Technologies Holdco
7D
-51.3%
1Y
-20.6%