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U.S. Machinery Industry Analysis

UpdatedAug 29, 2025
DataAggregated Company Financials
Companies189
  • 7D3.3%
  • 3M11.0%
  • 1Y16.5%
  • YTD12.2%

Over the last 7 days, the Machinery industry has risen 3.3%, driven by gains from Caterpillar of 4.1%. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Aug 2025US$1.2tUS$447.0bUS$44.2b24.5x26.1x2.6x
Sun, 27 Jul 2025US$1.1tUS$448.7bUS$44.3b23.5x25.9x2.6x
Tue, 24 Jun 2025US$1.1tUS$449.2bUS$44.5b22.4x23.6x2.3x
Thu, 22 May 2025US$1.1tUS$449.1bUS$44.6b23.2x23.9x2.4x
Sat, 19 Apr 2025US$915.8bUS$457.0bUS$48.6b19.4x18.8x2x
Mon, 17 Mar 2025US$1.0tUS$457.3bUS$47.9b21.4x21x2.2x
Wed, 12 Feb 2025US$1.1tUS$461.5bUS$49.0b22.9x22.5x2.4x
Fri, 10 Jan 2025US$1.0tUS$467.4bUS$47.9b22.4x21.8x2.2x
Sun, 08 Dec 2024US$1.1tUS$467.7bUS$47.8b24.8x23.6x2.4x
Tue, 05 Nov 2024US$1.0tUS$473.8bUS$49.3b23x21.3x2.2x
Thu, 03 Oct 2024US$1.1tUS$474.2bUS$49.4b22.1x21.5x2.2x
Sat, 31 Aug 2024US$998.3bUS$474.2bUS$49.3b21.5x20.2x2.1x
Mon, 29 Jul 2024US$1.0tUS$477.0bUS$51.6b21.8x19.7x2.1x
Wed, 26 Jun 2024US$973.4bUS$476.9bUS$51.6b21.8x18.9x2x
Fri, 24 May 2024US$1.0tUS$477.3bUS$51.3b21.8x20x2.2x
Sun, 21 Apr 2024US$1.0tUS$478.1bUS$48.2b23x21x2.1x
Tue, 19 Mar 2024US$1.0tUS$476.8bUS$48.0b23.1x21.4x2.2x
Thu, 15 Feb 2024US$963.9bUS$476.7bUS$47.3b22.9x20.4x2x
Sat, 13 Jan 2024US$940.0bUS$485.5bUS$47.8b22.2x19.7x1.9x
Mon, 11 Dec 2023US$878.3bUS$483.9bUS$47.8b21.5x18.4x1.8x
Wed, 08 Nov 2023US$845.8bUS$484.2bUS$46.9b19.4x18x1.7x
Fri, 06 Oct 2023US$857.0bUS$475.1bUS$44.4b19.5x19.3x1.8x
Sun, 03 Sep 2023US$935.5bUS$475.1bUS$44.5b20.8x21x2x
Tue, 01 Aug 2023US$951.2bUS$465.5bUS$41.3b20.9x23.1x2x
Thu, 29 Jun 2023US$889.8bUS$460.9bUS$40.5b20.2x22x1.9x
Sat, 27 May 2023US$802.3bUS$460.8bUS$40.4b18x19.8x1.7x
Mon, 24 Apr 2023US$822.7bUS$444.7bUS$38.3b20x21.5x1.9x
Wed, 22 Mar 2023US$822.8bUS$442.9bUS$38.1b21.8x21.6x1.9x
Fri, 17 Feb 2023US$868.6bUS$438.3bUS$37.1b23.2x23.4x2x
Sun, 15 Jan 2023US$867.6bUS$439.6bUS$36.4b23.6x23.8x2x
Tue, 13 Dec 2022US$830.0bUS$439.7bUS$35.8b20.8x23.2x1.9x
Thu, 10 Nov 2022US$787.3bUS$434.5bUS$36.2b20x21.7x1.8x
Sat, 08 Oct 2022US$701.5bUS$422.4bUS$35.4b18.7x19.8x1.7x
Mon, 05 Sep 2022US$720.4bUS$421.8bUS$35.4b19.7x20.3x1.7x
Price to Earnings Ratio

20.3x


Total Market Cap: US$720.4bTotal Earnings: US$35.4bTotal Revenue: US$421.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 21.4x202320242025
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 26.1x which is higher than its 3-year average PE of 21.4x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 7.7% 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 Market2.28%
Industrials2.08%
Machinery3.26%
Industrial Machinery3.74%
Construction Machinery and Vehicles3.47%
Agricultural Machinery1.19%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 29.9x.
    • Analysts are expecting annual earnings growth of 14.7%, which is higher than its past year's earnings decline of 1.6% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.8x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 37% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 12% 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$434.914.1%
+US$8.0b		23.7%PE21.6x
PH Parker-HannifinUS$766.844.6%
+US$3.5b		29.7%PE27.5x
PCAR PACCARUS$100.683.2%
+US$1.6b		6.4%PE17.2x
ITW Illinois Tool WorksUS$265.751.8%
+US$1.4b		6.1%PE23x
DE DeereUS$491.441.0%
+US$1.3b		28.7%PE25.6x

Latest News

DE
US$491.44
Deere
7D
1.0%
1Y
28.7%
CAT
US$434.91
Caterpillar
7D
4.1%
1Y
23.7%
PH
US$766.84
Parker-Hannifin
7D
4.6%
1Y
29.7%
XOS
US$2.99
Xos
7D
-6.0%
1Y
-42.3%
XYL
US$144.01
Xylem
7D
2.7%
1Y
6.1%
OTIS
US$86.25
Otis Worldwide
7D
-1.5%
1Y
-8.1%
MLR
US$42.45
Miller Industries
7D
-1.0%
1Y
-30.4%

Rising Vehicle Age And Repair Complexity Will Boost Towing Demand

Despite a sharp upgrade in consensus revenue growth forecasts and a materially lower future P/E multiple, Miller Industries' consensus analyst price target has been reduced from $67.00 to $61.00. What's in the News Miller Industries has been removed from multiple Russell indexes, including the Russell 2000 Growth, Russell 2500 Growth, Russell 3000 Growth, and Russell Microcap Growth indexes.
IR
US$80.26
Ingersoll Rand
7D
3.6%
1Y
-11.6%

Ingersoll Rand's (NYSE:IR) Conservative Accounting Might Explain Soft Earnings

Aug 08
Ingersoll Rand's (NYSE:IR) Conservative Accounting Might Explain Soft Earnings
PCAR
US$100.68
PACCAR
7D
3.2%
1Y
6.4%
KRNT
US$15.14
Kornit Digital
7D
-1.2%
1Y
-19.1%

Digital Printing Expansion Will Unlock Sustainable Apparel Opportunities

Kornit Digital’s consensus price target has been lowered, likely reflecting the substantial decline in its future P/E ratio despite a modest uptick in revenue growth forecasts, resulting in a revised fair value of $28.50. What's in the News Kornit Digital issued revenue guidance for Q2 and Q3 2025, expecting $49 million to $55 million for each quarter.
CMI
US$401.92
Cummins
7D
2.0%
1Y
29.9%

Data Centers And Electrification Will Unlock Future Opportunities

The upward revision in Cummins’ consensus price target reflects a modest increase in its forward P/E ratio while profit margins remain stable, resulting in a new fair value estimate of $386.44 per share. What's in the News Board of Directors approved ~10% increase in quarterly common stock dividend from $1.82 to $2.00 per share.
ITW
US$265.75
Illinois Tool Works
7D
1.8%
1Y
6.1%

Illinois Tool Works (NYSE:ITW) Is Increasing Its Dividend To $1.61

Aug 07
Illinois Tool Works (NYSE:ITW) Is Increasing Its Dividend To $1.61
MCRP
US$1.71
Micropolis Holding
7D
-15.3%
1Y
n/a
HURC
US$17.32
Hurco Companies
7D
-4.2%
1Y
2.7%

Uncertainty And Cautious Capital Spending Continue To Drag On Hurco

Jul 29
CNH
US$11.93
CNH Industrial
7D
-0.3%
1Y
18.0%