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U.S. Machinery Industry Analysis

UpdatedSep 01, 2025
DataAggregated Company Financials
Companies188
  • 7D-1.1%
  • 3M8.5%
  • 1Y13.2%
  • YTD10.2%

Over the last 7 days, the Machinery industry has dropped 1.1%, driven by a pullback from Caterpillar of 3.1%. In the past year, the industry has gained 13%. 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
Mon, 01 Sep 2025US$1.1tUS$447.0bUS$44.2b24.1x25.6x2.5x
Wed, 30 Jul 2025US$1.1tUS$448.7bUS$44.5b23.2x25.7x2.5x
Fri, 27 Jun 2025US$1.1tUS$449.2bUS$44.6b24x23.8x2.4x
Sun, 25 May 2025US$1.0tUS$449.1bUS$44.6b23.1x23.1x2.3x
Tue, 22 Apr 2025US$915.5bUS$457.0bUS$48.6b19.1x18.8x2x
Thu, 20 Mar 2025US$1.0tUS$457.3bUS$47.9b22x21.4x2.2x
Sat, 15 Feb 2025US$1.1tUS$458.2bUS$48.0b23.8x22.7x2.4x
Mon, 13 Jan 2025US$1.0tUS$463.7bUS$47.7b22.9x21.5x2.2x
Wed, 11 Dec 2024US$1.1tUS$467.6bUS$47.8b24.7x23.7x2.4x
Fri, 08 Nov 2024US$1.1tUS$472.9bUS$49.2b25.4x23x2.4x
Sun, 06 Oct 2024US$1.1tUS$474.2bUS$49.4b21.9x21.5x2.2x
Tue, 03 Sep 2024US$1.0tUS$474.2bUS$49.3b21.5x20.5x2.1x
Thu, 01 Aug 2024US$1.0tUS$476.1bUS$50.4b22.4x20x2.1x
Sat, 29 Jun 2024US$961.0bUS$476.9bUS$51.6b21.4x18.6x2x
Mon, 27 May 2024US$1.0tUS$477.0bUS$51.3b22x19.7x2.1x
Wed, 24 Apr 2024US$1.0tUS$478.0bUS$48.1b23.2x21.4x2.2x
Fri, 22 Mar 2024US$1.0tUS$476.8bUS$48.0b23.5x21.7x2.2x
Sun, 18 Feb 2024US$975.9bUS$476.7bUS$47.4b22.9x20.6x2x
Tue, 16 Jan 2024US$939.8bUS$485.5bUS$47.8b22.2x19.7x1.9x
Thu, 14 Dec 2023US$907.4bUS$485.1bUS$47.8b21.8x19x1.9x
Sat, 11 Nov 2023US$834.3bUS$484.4bUS$47.2b19.9x17.7x1.7x
Mon, 09 Oct 2023US$865.8bUS$475.1bUS$44.4b19.6x19.5x1.8x
Wed, 06 Sep 2023US$915.4bUS$475.1bUS$44.5b20.1x20.6x1.9x
Fri, 04 Aug 2023US$950.6bUS$472.5bUS$43.4b20.7x21.9x2x
Sun, 02 Jul 2023US$906.9bUS$459.8bUS$40.2b20.6x22.6x2x
Tue, 30 May 2023US$802.7bUS$460.8bUS$40.4b18x19.9x1.7x
Thu, 27 Apr 2023US$799.5bUS$446.7bUS$38.4b19.2x20.8x1.8x
Sat, 25 Mar 2023US$802.5bUS$442.9bUS$38.1b21.4x21.1x1.8x
Mon, 20 Feb 2023US$883.5bUS$441.5bUS$38.2b23.7x23.2x2x
Wed, 18 Jan 2023US$860.8bUS$439.6bUS$36.4b23.2x23.6x2x
Fri, 16 Dec 2022US$808.7bUS$439.1bUS$35.8b20.4x22.6x1.8x
Sun, 13 Nov 2022US$826.4bUS$434.9bUS$35.8b21.9x23.1x1.9x
Tue, 11 Oct 2022US$702.5bUS$422.4bUS$35.4b18.8x19.8x1.7x
Thu, 08 Sep 2022US$721.5bUS$421.8bUS$35.4b19x20.4x1.7x
Price to Earnings Ratio

20.4x


Total Market Cap: US$721.5bTotal 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 25.6x 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 2.5x.
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 Market0.46%
Industrials-0.16%
Machinery-1.09%
Industrial Machinery-0.29%
Construction Machinery and Vehicles-1.69%
Agricultural Machinery-2.51%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 30.0x.
    • 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
PH Parker-HannifinUS$759.351.2%
+US$1.1b		26.5%PE27.2x
DCI Donaldson CompanyUS$79.675.7%
+US$504.5m		9.5%PE25.3x
CMI CumminsUS$398.440.6%
+US$322.4m		27.4%PE18.7x
SYM SymboticUS$47.433.7%
+US$188.1m		147.0%PS2.4x
ESE ESCO TechnologiesUS$200.913.7%
+US$184.9m		67.6%PE47.2x

Latest News

CAT
US$419.04
Caterpillar
7D
-3.1%
1Y
17.7%
MLI
US$95.94
Mueller Industries
7D
1.4%
1Y
31.9%
DE
US$478.64
Deere
7D
-1.9%
1Y
24.1%
RR
US$3.05
Richtech Robotics
7D
27.9%
1Y
143.6%
DCI
US$79.67
Donaldson Company
7D
5.7%
1Y
9.5%

Environmental Regulations Will Expand Global Advanced Filtration Demand

Despite a notable decline in revenue growth forecasts, increased valuation multiples have driven Donaldson Company's consensus analyst price target higher from $72.40 to $78.00. What's in the News Fiscal 2026 earnings guidance issued: EPS expected between $3.92 and $4.08, with sales projected to increase 1% to 5% to $3.8 billion at midpoint, including a 1% pricing benefit.
PH
US$759.35
Parker-Hannifin
7D
1.2%
1Y
26.5%
SYM
US$47.43
Symbotic
7D
3.7%
1Y
147.0%
CR
US$185.30
Crane
7D
-3.4%
1Y
17.0%

Advanced Sensing And Process Automation Will Unlock Global Opportunity

With both Crane's future P/E and discount rate remaining effectively unchanged, consensus fair value has been marginally revised upward, with the analyst price target increasing slightly from $208.75 to $211.88. What's in the News Crane is actively seeking acquisitions, supported by a strong balance sheet and a robust pipeline of M&A opportunities.
SWK
US$74.29
Stanley Black & Decker
7D
-2.9%
1Y
-27.4%
AGCO
US$108.19
AGCO
7D
-6.0%
1Y
18.8%

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
RBC
US$389.96
RBC Bearings
7D
-2.4%
1Y
30.9%
ESE
US$200.91
ESCO Technologies
7D
3.7%
1Y
67.6%
CMI
US$398.44
Cummins
7D
0.6%
1Y
27.4%

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$264.65
Illinois Tool Works
7D
-0.8%
1Y
4.5%

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
GTLS
US$199.36
Chart Industries
7D
0.9%
1Y
62.9%
CNH
US$11.45
CNH Industrial
7D
-6.4%
1Y
10.7%