Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Machinery Industry Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies191
  • 7D0.1%
  • 3M9.4%
  • 1Y11.9%
  • YTD19.8%

Last week, the Machinery industry hasn't moved much but Parker-Hannifin is up 9.2% in that time. The past year has been better, since the industry has gained 12% in that time. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025US$1.2tUS$449.3bUS$44.1b24.1x27.9x2.7x
Tue, 07 Oct 2025US$1.2tUS$447.0bUS$44.2b24.1x26.7x2.6x
Thu, 04 Sep 2025US$1.1tUS$447.0bUS$44.2b24x25.3x2.5x
Sat, 02 Aug 2025US$1.1tUS$448.3bUS$44.7b22.7x25.5x2.5x
Mon, 30 Jun 2025US$1.1tUS$449.2bUS$44.6b24.1x23.9x2.4x
Wed, 28 May 2025US$1.0tUS$449.1bUS$44.6b23.7x23.1x2.3x
Fri, 25 Apr 2025US$932.3bUS$457.3bUS$48.7b20.6x19.1x2x
Sun, 23 Mar 2025US$1.0tUS$457.3bUS$47.9b21.3x21.1x2.2x
Tue, 18 Feb 2025US$1.1tUS$458.2bUS$48.0b23.8x22.7x2.4x
Thu, 16 Jan 2025US$1.1tUS$467.3bUS$47.9b22.9x22.3x2.3x
Sat, 14 Dec 2024US$1.1tUS$467.6bUS$47.9b24x23.2x2.4x
Mon, 11 Nov 2024US$1.1tUS$471.6bUS$49.0b24.9x22.7x2.4x
Wed, 09 Oct 2024US$1.1tUS$474.2bUS$49.4b21.6x21.4x2.2x
Fri, 06 Sep 2024US$972.9bUS$474.2bUS$49.4b20.6x19.7x2.1x
Sun, 04 Aug 2024US$948.4bUS$476.8bUS$50.6b21.7x18.8x2x
Tue, 02 Jul 2024US$962.9bUS$476.9bUS$51.6b20.5x18.7x2x
Thu, 30 May 2024US$995.5bUS$477.0bUS$51.3b22.1x19.4x2.1x
Sat, 27 Apr 2024US$1.0tUS$478.5bUS$49.6b23.2x20.5x2.1x
Mon, 25 Mar 2024US$1.1tUS$476.8bUS$48.0b23x21.9x2.2x
Wed, 21 Feb 2024US$965.9bUS$476.7bUS$47.4b23.1x20.4x2x
Fri, 19 Jan 2024US$933.1bUS$485.5bUS$47.8b21.8x19.5x1.9x
Sun, 17 Dec 2023US$950.7bUS$485.2bUS$47.9b22.4x19.9x2x
Tue, 14 Nov 2023US$845.3bUS$484.4bUS$47.2b19.6x17.9x1.7x
Thu, 12 Oct 2023US$748.1bUS$410.3bUS$36.0b20.6x20.8x1.8x
Sat, 09 Sep 2023US$905.2bUS$475.0bUS$44.4b20.5x20.4x1.9x
Mon, 07 Aug 2023US$938.2bUS$472.7bUS$43.7b20.4x21.5x2x
Wed, 05 Jul 2023US$909.2bUS$459.8bUS$40.2b20.6x22.6x2x
Fri, 02 Jun 2023US$790.2bUS$460.8bUS$40.4b18.4x19.5x1.7x
Sun, 30 Apr 2023US$821.1bUS$450.3bUS$39.1b19.7x21x1.8x
Tue, 28 Mar 2023US$810.2bUS$442.9bUS$38.1b21.4x21.3x1.8x
Thu, 23 Feb 2023US$857.6bUS$442.2bUS$38.1b22.9x22.5x1.9x
Sat, 21 Jan 2023US$835.5bUS$439.6bUS$36.4b22.7x22.9x1.9x
Mon, 19 Dec 2022US$804.5bUS$439.1bUS$35.8b20.2x22.5x1.8x
Wed, 16 Nov 2022US$827.2bUS$435.0bUS$34.8b22.4x23.8x1.9x
Price to Earnings Ratio

23.8x


Total Market Cap: US$827.2bTotal Earnings: US$34.8bTotal Revenue: US$435.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 21.8x202320242025
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 27.9x which is higher than its 3-year average PE of 21.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 7.2% 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 Market-1.99%
Industrials-1.75%
Machinery0.12%
Industrial Machinery0.51%
Agricultural Machinery0.25%
Construction Machinery and Vehicles-0.44%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 30.3x.
    • Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings decline of 2.2% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.8x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 2.2% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 14% 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$844.019.2%
+US$9.0b		21.3%PE29.3x
CMI CumminsUS$473.348.1%
+US$5.0b		32.8%PE24.5x
DE DeereUS$467.791.3%
+US$1.7b		18.7%PE24.3x
JBTM JBT MarelUS$141.3012.1%
+US$790.1m		18.8%PS2.3x
IR Ingersoll RandUS$77.501.5%
+US$462.3m		-24.5%PE56.2x

Latest News

CMI
US$473.34
Cummins
7D
8.1%
1Y
32.8%
AIN
US$48.24
Albany International
7D
-14.7%
1Y
-41.1%
KMT
US$26.26
Kennametal
7D
19.6%
1Y
-10.9%
OTIS
US$91.02
Otis Worldwide
7D
-1.9%
1Y
-9.0%

Otis Worldwide's (NYSE:OTIS) Soft Earnings Are Actually Better Than They Appear

Nov 07
Otis Worldwide's (NYSE:OTIS) Soft Earnings Are Actually Better Than They Appear
SNA
US$343.71
Snap-on
7D
2.4%
1Y
-4.3%
JBTM
US$141.30
JBT Marel
7D
12.1%
1Y
18.8%

JBTM: Future Expansion Will Stem From Margin Gains Amid Slower Revenue Growth

Analysts have raised their price target for JBT Marel from $149.42 to $152.75, citing improved profit margin expectations, even as projected revenue growth is expected to moderate. What's in the News JBT Marel raised its earnings guidance for the full year 2025, forecasting revenue between $3,760 million and $3,790 million and GAAP loss per share in the range of $1.05 to $0.75 (Key Developments).
CAT
US$563.10
Caterpillar
7D
-2.5%
1Y
43.1%
CNH
US$9.66
CNH Industrial
7D
-7.9%
1Y
-9.4%

CNH: Sector Headwinds From Tariffs Will Present Opportunity For Medium-Term Upside

CNH Industrial's average analyst price target has been revised downward by $1, now standing at $12. Analysts are adjusting expectations in response to expanded steel and aluminum tariffs, as well as broader sector headwinds.
PH
US$844.01
Parker-Hannifin
7D
9.2%
1Y
21.3%

PH: Share Repurchase Increase Will Sustain Fair Value and Steady Outlook

Analysts have slightly raised their price target for Parker-Hannifin to $802.71, citing modest adjustments in key forecast assumptions and continued confidence in the company’s long-term growth trajectory. What's in the News On August 21, 2025, Parker-Hannifin increased its remaining number of shares to be repurchased to 20,000,000 shares (Key Developments).
NPO
US$213.07
Enpro
7D
-8.2%
1Y
30.3%

NPO: Revenue Outlook And Recent Acquisitions Will Drive Measured Performance Ahead

Narrative Update on Enpro: Analyst Price Target Revision Analysts have raised their price target for Enpro from $241 to $249. This change reflects optimism about increased revenue growth, despite slightly lower profit margin projections.
SYM
US$69.80
Symbotic
7D
-13.8%
1Y
105.6%

SYM: Stretch in Current Rally May Worsen With Deployment Slowdown Risk

Symbotic's analyst price target has seen modest upward revisions to $50, as analysts weigh recent progress in system deployments alongside concerns over valuation and customer expansion. Analyst Commentary Recent analyst coverage has provided a spectrum of opinions on Symbotic, reflecting both confidence in the company’s technological potential and caution around its near-term execution and valuation.
IR
US$77.50
Ingersoll Rand
7D
1.5%
1Y
-24.5%

IR: Share Repurchase Momentum And Margin Expansion Will Drive Future Upside

Analysts have slightly reduced their price target for Ingersoll Rand from $90 to about $89.67 per share. This change reflects updated expectations for revenue growth and margins in the company’s outlook.
LECO
US$226.89
Lincoln Electric Holdings
7D
-3.2%
1Y
6.2%

LECO: Accelerating Automation Demand Will Drive Share Price Momentum

Analysts have raised their fair value estimate for Lincoln Electric Holdings to $260.60 from $259.70. They cite stronger revenue growth expectations and optimism around improving inventories and global automation demand in the machinery sector.
ITW
US$245.49
Illinois Tool Works
7D
0.6%
1Y
-9.7%
FSS
US$110.71
Federal Signal
7D
-6.2%
1Y
22.5%
DE
US$467.79
Deere
7D
1.3%
1Y
18.7%

Precision Farming Advances Will Drive Cycle Recovery Despite Headwinds

Deere's analyst price target was revised slightly lower to approximately $524.95. This modest decrease reflects analysts' cautious outlook on near-term agriculture fundamentals, tariff impacts, and expectations for a longer earnings recovery cycle, balanced by ongoing innovation and the company's strong market position.