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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%. Looking forward, 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
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$431.263.6%
+US$7.1b		22.8%PE21.4x
PH Parker-HannifinUS$761.552.3%
+US$1.4b		29.1%PE27.3x
ITW Illinois Tool WorksUS$266.240.9%
+US$670.5m		6.8%PE23.1x
IR Ingersoll RandUS$81.131.6%
+US$512.7m		-10.5%PE61.7x
WAB Westinghouse Air Brake TechnologiesUS$195.341.4%
+US$454.7m		18.5%PE29x

Latest News

NDSN
US$226.35
Nordson
7D
4.1%
1Y
-11.5%

Integration Of Atrion Acquisition Will Boost Manufacturing Efficiencies With NBS Next

Driven by a moderate sales and operational beat, renewed management confidence, and expectations of a return to organic growth in key segments, analysts have raised their consensus price target for Nordson from $251.80 to $256.30. Analyst Commentary Bullish analysts cite a moderate sales and operational beat in the recent quarter, with results surpassing expectations.
SWK
US$75.19
Stanley Black & Decker
7D
-1.3%
1Y
-24.7%
MLI
US$95.97
Mueller Industries
7D
3.7%
1Y
37.5%

What Is Mueller Industries, Inc.'s (NYSE:MLI) Share Price Doing?

Aug 26
What Is Mueller Industries, Inc.'s (NYSE:MLI) Share Price Doing?
PH
US$761.55
Parker-Hannifin
7D
2.3%
1Y
29.1%
CAT
US$431.26
Caterpillar
7D
3.6%
1Y
22.8%
AGCO
US$112.41
AGCO
7D
-1.0%
1Y
25.1%

AGCO (NYSE:AGCO) Is Due To Pay A Dividend Of $0.29

Aug 15
AGCO (NYSE:AGCO) Is Due To Pay A Dividend Of $0.29
HI
US$24.98
Hillenbrand
7D
-2.3%
1Y
-23.8%

Global Urbanization And Digital Manufacturing Will Spark Rebound

With Hillenbrand’s future P/E and net profit margin both remaining stable, analysts have kept the consensus price target unchanged at $33.00. What's in the News Hillenbrand updated its full-year 2025 revenue guidance to $2,595 million–$2,630 million.
DE
US$487.76
Deere
7D
-0.3%
1Y
29.7%
OTIS
US$87.63
Otis Worldwide
7D
-1.1%
1Y
-5.9%
WAB
US$195.34
Westinghouse Air Brake Technologies
7D
1.4%
1Y
18.5%

If EPS Growth Is Important To You, Westinghouse Air Brake Technologies (NYSE:WAB) Presents An Opportunity

Aug 10
If EPS Growth Is Important To You, Westinghouse Air Brake Technologies (NYSE:WAB) Presents An Opportunity
IR
US$81.13
Ingersoll Rand
7D
1.6%
1Y
-10.5%

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$100.25
PACCAR
7D
0.8%
1Y
6.2%
CMI
US$398.46
Cummins
7D
-0.9%
1Y
30.1%

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$266.24
Illinois Tool Works
7D
0.9%
1Y
6.8%

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
KAI
US$337.69
Kadant
7D
-0.8%
1Y
6.0%
CNH
US$12.07
CNH Industrial
7D
-1.3%
1Y
19.0%