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

U.S. Machinery Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies192
  • 7D2.4%
  • 3M7.1%
  • 1Y40.4%
  • YTD16.5%

Caterpillar is up 3.2%, leading the way for the Machinery industry, which has gained 2.4%. During this same period, the JBT Marel underperformed, falling 7.7%. This means that the industry has gained 40% over the past year. Looking forward, 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
Sat, 06 Jun 2026US$1.5tUS$489.5bUS$44.8b26.7x34.5x3.2x
Mon, 04 May 2026US$1.5tUS$456.5bUS$44.3b27.5x33.7x3.3x
Wed, 01 Apr 2026US$1.3tUS$451.5bUS$43.6b26.6x30.1x2.9x
Fri, 27 Feb 2026US$1.5tUS$453.2bUS$43.6b28.7x34.5x3.3x
Sun, 25 Jan 2026US$1.4tUS$450.6bUS$43.7b27.1x31.1x3x
Tue, 23 Dec 2025US$1.3tUS$450.8bUS$43.7b25.5x28.8x2.8x
Thu, 20 Nov 2025US$1.2tUS$449.4bUS$43.8b23.3x27x2.6x
Sat, 18 Oct 2025US$1.2tUS$447.0bUS$44.9b24.2x26.4x2.6x
Mon, 15 Sep 2025US$1.1tUS$447.0bUS$44.2b24x25.7x2.5x
Wed, 13 Aug 2025US$1.1tUS$447.9bUS$44.7b23.8x25x2.5x
Fri, 11 Jul 2025US$1.1tUS$449.5bUS$44.6b23.8x25x2.5x
Sun, 08 Jun 2025US$1.1tUS$449.1bUS$44.5b23.3x23.7x2.4x
Tue, 06 May 2025US$990.0bUS$451.8bUS$45.3b21.7x21.9x2.2x
Thu, 03 Apr 2025US$1.0tUS$457.3bUS$48.2b20.9x20.8x2.2x
Sat, 01 Mar 2025US$1.1tUS$458.2bUS$48.0b22.2x22.1x2.3x
Mon, 27 Jan 2025US$1.1tUS$467.3bUS$47.9b23.9x23.3x2.4x
Wed, 25 Dec 2024US$1.1tUS$467.6bUS$47.9b22.7x22.1x2.3x
Fri, 22 Nov 2024US$1.1tUS$471.7bUS$49.1b24.4x22.4x2.3x
Sun, 20 Oct 2024US$1.1tUS$474.2bUS$49.4b21.9x21.8x2.3x
Tue, 17 Sep 2024US$991.3bUS$474.2bUS$49.6b21.3x20x2.1x
Thu, 15 Aug 2024US$956.9bUS$476.8bUS$50.2b20.9x19x2x
Sat, 13 Jul 2024US$974.9bUS$476.7bUS$51.6b20.9x18.9x2x
Mon, 10 Jun 2024US$949.2bUS$477.0bUS$51.3b22x18.5x2x
Wed, 08 May 2024US$1.0tUS$479.1bUS$51.7b21.9x19.7x2.1x
Fri, 05 Apr 2024US$1.1tUS$478.4bUS$48.1b23.7x22.1x2.2x
Sun, 03 Mar 2024US$1.0tUS$477.3bUS$47.3b24.6x21.2x2.1x
Tue, 30 Jan 2024US$962.1bUS$486.4bUS$48.3b23.1x19.9x2x
Thu, 28 Dec 2023US$976.8bUS$484.9bUS$47.8b23x20.4x2x
Sat, 25 Nov 2023US$884.7bUS$484.0bUS$47.7b20.4x18.6x1.8x
Mon, 23 Oct 2023US$834.1bUS$475.2bUS$44.4b19x18.8x1.8x
Wed, 20 Sep 2023US$890.0bUS$475.0bUS$44.4b20.6x20.1x1.9x
Fri, 18 Aug 2023US$912.0bUS$473.4bUS$43.4b19.8x21x1.9x
Sun, 16 Jul 2023US$928.6bUS$459.8bUS$40.2b20.7x23.1x2x
Tue, 13 Jun 2023US$866.2bUS$460.9bUS$40.5b19.9x21.4x1.9x
Price to Earnings Ratio

21.4x


Total Market Cap: US$866.2bTotal 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 34.5x 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-2.90%
Industrials-0.87%
Machinery2.43%
Agricultural Machinery6.61%
Construction Machinery and Vehicles2.44%
Industrial Machinery1.20%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.2x.
    • Analysts are expecting annual earnings growth of 16.2%, 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 18.2x.
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
CAT CaterpillarUS$904.283.2%
+US$13.1b		155.9%PE44.2x
DE DeereUS$583.447.6%
+US$11.1b		12.2%PE32.9x
PH Parker-HannifinUS$882.344.5%
+US$4.8b		31.4%PE32x
PCAR PACCARUS$116.685.7%
+US$3.3b		24.8%PE24.8x
ITW Illinois Tool WorksUS$252.722.2%
+US$1.6b		2.1%PE23.2x

Latest News

CMI
US$651.22
Cummins
7D
0.7%
1Y
99.4%
ESAB
US$87.95
ESAB
7D
-4.8%
1Y
-30.7%
DE
US$583.44
Deere
7D
7.6%
1Y
12.2%
FLS
US$73.50
Flowserve
7D
-2.7%
1Y
50.4%
TTC
US$87.21
Toro
7D
-3.0%
1Y
27.3%
CAT
US$904.28
Caterpillar
7D
3.2%
1Y
155.9%
Seeking Alpha • 22h

Caterpillar Setting The Pace For Growth In Power And Energy

Summary Caterpillar is well-positioned for durable growth, driven by surging demand in data center construction and power infrastructure. CAT is expanding engine and turbine capacity by 3x and 2.5x by 2030, targeting margin-accretive recurring revenue from primary and standby power solutions. I recommend CAT at a Buy rating with a $1,145/share price target, reflecting strong industry tailwinds and robust financial forecasts. Read the full article on Seeking Alpha
FTV
US$61.28
Fortive
7D
5.1%
1Y
-16.1%
Narrative Update • Jun 04

FTV: Buybacks And Sequential Execution Will Support Future EPS Upside

Fortive's analyst price target is modestly higher, with recent Street research pointing to a series of $1 to $7 upward target revisions as analysts highlight sequential growth and adjust assumptions around revenue, margins, and future P/E multiples. Analyst Commentary Recent Street research on Fortive has leaned constructive, with several bullish analysts adjusting targets upward and one trimming a target by a small amount.
PCAR
US$116.68
PACCAR
7D
5.7%
1Y
24.8%
Narrative Update • Jun 04

PCAR: Future Returns Will Balance Truck Demand Cycles And Powertrain Technology Shifts

Analysts have trimmed the blended price target for PACCAR by about $2. This reflects a mix of recent upward and downward target revisions as they factor in updated views on future revenue growth, profit margins and valuation multiples.
NDSN
US$282.73
Nordson
7D
-1.6%
1Y
31.6%
SYM
US$44.02
Symbotic
7D
-5.2%
1Y
47.7%
PH
US$882.34
Parker-Hannifin
7D
4.5%
1Y
31.4%
CNH
US$10.75
CNH Industrial
7D
5.3%
1Y
-15.6%
JBTM
US$124.00
JBT Marel
7D
-7.7%
1Y
1.8%
Narrative Update • Jun 02

JBTM: Food Processing Execution Risk Will Limit Share Repurchase Upside

Analysts have trimmed their average price target on JBT Marel to $165 from $190, reflecting a lower comparable group multiple, even as they highlight the company’s growing role in food processing and its mix of secular growth, high margin recurring revenues, and strong free cash flow generation. Analyst Commentary Recent research highlights a split view on JBT Marel.
ITT
US$191.45
ITT
7D
-1.8%
1Y
25.8%
KAI
US$293.28
Kadant
7D
-8.1%
1Y
-11.0%
ITW
US$252.72
Illinois Tool Works
7D
2.2%
1Y
2.1%
Narrative Update • May 23

ITW: AI Hardware Risk And 2026 Margin Guidance Will Shape Outlook

Illinois Tool Works' analyst price target has shifted modestly lower by $1 to $274.54, as analysts weigh mixed target revisions alongside updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent research shows a mix of cautious and constructive views on Illinois Tool Works, with several firms adjusting price targets in both directions and reassessing assumptions around growth, margins, and valuation multiples.