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U.S. Machinery Industry Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies190
  • 7D1.6%
  • 3M10.3%
  • 1Y16.5%
  • YTD11.8%

The Machinery industry is up 1.6% in the last week, with Caterpillar up 3.6%. In the last 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 11 Dec 2022US$817.2bUS$439.7bUS$35.8b20.9x22.9x1.9x
Tue, 08 Nov 2022US$795.1bUS$433.1bUS$36.1b21.4x22x1.8x
Thu, 06 Oct 2022US$717.9bUS$422.4bUS$35.4b19.1x20.3x1.7x
Sat, 03 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 25.9x 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 Market1.32%
Industrials1.42%
Machinery1.60%
Construction Machinery and Vehicles2.20%
Industrial Machinery1.75%
Agricultural Machinery-0.26%
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 17.7x.
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$432.672.9%
+US$5.7b		24.3%PE21.5x
PH Parker-HannifinUS$768.063.4%
+US$2.4b		30.6%PE27.6x
PCAR PACCARUS$101.443.3%
+US$1.7b		7.3%PE17.3x
ITW Illinois Tool WorksUS$266.821.8%
+US$1.4b		7.3%PE23.1x
DCI Donaldson CompanyUS$82.1410.5%
+US$911.2m		14.4%PE26.4x

Latest News

DCI
US$82.14
Donaldson Company
7D
10.5%
1Y
14.4%
PH
US$768.06
Parker-Hannifin
7D
3.4%
1Y
30.6%
CAT
US$432.67
Caterpillar
7D
2.9%
1Y
24.3%
PNR
US$109.42
Pentair
7D
4.2%
1Y
27.3%
XYL
US$144.64
Xylem
7D
2.0%
1Y
6.5%
OTIS
US$87.74
Otis Worldwide
7D
-1.5%
1Y
-6.1%
BLBD
US$56.83
Blue Bird
7D
-0.4%
1Y
18.2%

Government Funding And Fleet Renewal Will Drive Future Electrification

Despite a notable decline in consensus revenue growth forecasts, an improved net profit margin for Blue Bird has led to an upward revision in the fair value price target from $51.57 to $56.57. What's in the News Blue Bird Corporation announces a share repurchase program of up to $100 million, funded by cash, future free cash flow, or debt, running through up to January 1, 2028.
PCAR
US$101.44
PACCAR
7D
3.3%
1Y
7.3%
KRNT
US$15.25
Kornit Digital
7D
-1.5%
1Y
-22.7%

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$401.40
Cummins
7D
1.3%
1Y
31.1%

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$266.82
Illinois Tool Works
7D
1.8%
1Y
7.3%

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$1.80
Micropolis Holding
7D
-6.3%
1Y
n/a
GTLS
US$198.04
Chart Industries
7D
-0.1%
1Y
64.0%
HURC
US$17.96
Hurco Companies
7D
-1.7%
1Y
5.0%

Uncertainty And Cautious Capital Spending Continue To Drag On Hurco

Jul 29
CNH
US$12.07
CNH Industrial
7D
-0.9%
1Y
20.1%