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U.S. Machinery Industry Analysis

UpdatedAug 19, 2025
DataAggregated Company Financials
Companies189
  • 7D0.8%
  • 3M5.9%
  • 1Y15.5%
  • YTD9.6%

The Machinery industry has been flat over the last week, but Deere has lost 3.1%. The past year has been better, since the industry has gained 16% in that time. 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, 20 Aug 2025US$1.1tUS$446.8bUS$44.2b23.9x25.3x2.5x
Fri, 18 Jul 2025US$1.1tUS$449.5bUS$44.6b23.5x25x2.5x
Sun, 15 Jun 2025US$1.0tUS$449.2bUS$44.5b23x23.3x2.3x
Tue, 13 May 2025US$1.0tUS$451.6bUS$45.3b23x22.2x2.2x
Thu, 10 Apr 2025US$859.7bUS$457.0bUS$48.6b19.7x17.7x1.9x
Sat, 08 Mar 2025US$1.0tUS$458.0bUS$47.8b22.1x21.8x2.3x
Mon, 03 Feb 2025US$1.1tUS$463.9bUS$47.8b23.6x23.3x2.4x
Wed, 01 Jan 2025US$1.0tUS$467.6bUS$47.9b22.4x21.8x2.2x
Fri, 29 Nov 2024US$1.1tUS$467.6bUS$47.8b25.3x24x2.4x
Sun, 27 Oct 2024US$1.1tUS$473.9bUS$49.0b21.3x21.5x2.2x
Tue, 24 Sep 2024US$1.0tUS$474.2bUS$49.4b21.4x20.9x2.2x
Thu, 22 Aug 2024US$977.6bUS$474.2bUS$49.1b21.4x19.9x2.1x
Sat, 20 Jul 2024US$1.0tUS$476.7bUS$51.7b20.9x19.7x2.1x
Mon, 17 Jun 2024US$957.8bUS$477.0bUS$51.3b21.7x18.7x2x
Wed, 15 May 2024US$1.0tUS$479.5bUS$51.8b22.2x19.9x2.1x
Fri, 12 Apr 2024US$1.1tUS$478.1bUS$48.1b23.7x22x2.2x
Sun, 10 Mar 2024US$1.0tUS$477.2bUS$47.5b24.2x21.3x2.1x
Tue, 06 Feb 2024US$973.2bUS$475.1bUS$49.1b21.9x19.8x2x
Thu, 04 Jan 2024US$941.0bUS$485.5bUS$47.8b22x19.7x1.9x
Sat, 02 Dec 2023US$884.7bUS$483.9bUS$47.8b20.8x18.5x1.8x
Mon, 30 Oct 2023US$810.5bUS$478.5bUS$45.4b18.2x17.9x1.7x
Wed, 27 Sep 2023US$859.7bUS$475.1bUS$44.4b19.8x19.4x1.8x
Fri, 25 Aug 2023US$893.5bUS$475.1bUS$44.5b19.8x20.1x1.9x
Sun, 23 Jul 2023US$942.6bUS$459.8bUS$40.2b20.5x23.4x2x
Tue, 20 Jun 2023US$896.1bUS$460.9bUS$40.5b20.1x22.2x1.9x
Thu, 18 May 2023US$806.0bUS$456.7bUS$39.6b18.4x20.3x1.8x
Sat, 15 Apr 2023US$820.2bUS$444.6bUS$38.3b20x21.4x1.8x
Mon, 13 Mar 2023US$825.3bUS$443.0bUS$38.0b22x21.7x1.9x
Wed, 08 Feb 2023US$860.2bUS$437.5bUS$37.1b23.6x23.2x2x
Fri, 06 Jan 2023US$810.5bUS$439.3bUS$35.9b21.1x22.6x1.8x
Sun, 04 Dec 2022US$846.4bUS$439.7bUS$35.8b21.4x23.7x1.9x
Tue, 01 Nov 2022US$789.4bUS$429.6bUS$36.3b21.1x21.7x1.8x
Thu, 29 Sep 2022US$685.2bUS$421.7bUS$35.2b18.8x19.5x1.6x
Sat, 27 Aug 2022US$753.0bUS$421.5bUS$35.3b20.8x21.3x1.8x
Price to Earnings Ratio

21.3x


Total Market Cap: US$753.0bTotal Earnings: US$35.3bTotal Revenue: US$421.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 21.3x202320242025
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 25.3x which is higher than its 3-year average PE of 21.3x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 7.8% 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 Market1.26%
Industrials0.73%
Machinery0.80%
Construction Machinery and Vehicles1.40%
Industrial Machinery1.37%
Agricultural Machinery-2.33%
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 15.0%, 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$416.090.8%
+US$1.6b		21.2%PE20.7x
ITW Illinois Tool WorksUS$263.941.3%
+US$1.0b		8.4%PE22.9x
SWK Stanley Black & DeckerUS$76.216.7%
+US$739.9m		-21.4%PE24.7x
IR Ingersoll RandUS$79.841.8%
+US$560.4m		-11.8%PE60.7x
CMI CumminsUS$402.210.8%
+US$434.0m		33.9%PE18.8x

Latest News

XYL
US$141.83
Xylem
7D
-1.1%
1Y
5.7%
SPXC
US$188.00
SPX Technologies
7D
-1.7%
1Y
23.5%

SPX Technologies: A Near-Term Top Might Have Been Set

Aug 15
DE
US$489.44
Deere
7D
-3.2%
1Y
31.4%
PH
US$744.23
Parker-Hannifin
7D
-1.0%
1Y
27.8%
ALSN
US$87.79
Allison Transmission Holdings
7D
-3.8%
1Y
2.0%
TTC
US$78.02
Toro
7D
4.3%
1Y
-12.8%
ESE
US$189.05
ESCO Technologies
7D
-5.2%
1Y
59.8%
FSS
US$125.33
Federal Signal
7D
-3.4%
1Y
35.6%
IR
US$79.84
Ingersoll Rand
7D
1.8%
1Y
-11.8%

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$99.46
PACCAR
7D
0.5%
1Y
3.9%
CMI
US$402.21
Cummins
7D
0.8%
1Y
33.9%

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.
CAT
US$416.09
Caterpillar
7D
0.8%
1Y
21.2%

Global Infrastructure Expansion Will Drive Equipment Renewal Cycle

Caterpillar’s fair value estimate remains steady at $426.17, as both its future P/E ratio and consensus revenue growth forecasts show no significant change. What's in the News Caterpillar, Joule Capital Partners, and Wheeler Machinery Co. agreed to power Joule's Utah data center campus with Caterpillar's advanced generator sets, integrated cooling and power solutions, and substantial grid-forming battery energy storage, emphasizing fast deployment and comprehensive support.
ITW
US$263.94
Illinois Tool Works
7D
1.3%
1Y
8.4%

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
CR
US$191.99
Crane
7D
-2.7%
1Y
29.6%
SWK
US$76.21
Stanley Black & Decker
7D
6.7%
1Y
-21.4%
CNH
US$12.23
CNH Industrial
7D
-2.3%
1Y
24.9%