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U.S. Machinery Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies190
  • 7D5.5%
  • 3M8.2%
  • 1Y9.1%
  • YTD21.6%

Over the last 7 days, the Machinery industry has risen 2.4%, and PACCAR contributed the most with a gain of 8.8%. This takes the industry's 12 month performance to a gain of 6.0%. 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
Wed, 26 Nov 2025US$1.2tUS$449.1bUS$43.9b23.7x27.6x2.7x
Fri, 24 Oct 2025US$1.2tUS$445.6bUS$44.6b24.7x26.4x2.6x
Sun, 21 Sep 2025US$1.2tUS$447.0bUS$44.2b24.4x26.2x2.6x
Tue, 19 Aug 2025US$1.1tUS$446.8bUS$44.2b23.9x25.3x2.5x
Thu, 17 Jul 2025US$1.1tUS$449.5bUS$44.6b23x24.8x2.5x
Sat, 14 Jun 2025US$1.1tUS$449.2bUS$44.5b23x23.7x2.3x
Mon, 12 May 2025US$993.4bUS$451.6bUS$45.3b22.1x21.9x2.2x
Wed, 09 Apr 2025US$876.8bUS$457.0bUS$48.6b17.9x18x1.9x
Fri, 07 Mar 2025US$1.0tUS$458.0bUS$47.9b21.6x21.7x2.3x
Sun, 02 Feb 2025US$1.1tUS$462.7bUS$47.6b23.5x23.4x2.4x
Tue, 31 Dec 2024US$1.1tUS$467.6bUS$47.9b22.4x22x2.2x
Thu, 28 Nov 2024US$1.2tUS$467.6bUS$47.8b25.3x24.2x2.5x
Sat, 26 Oct 2024US$1.1tUS$473.9bUS$49.0b21.3x21.6x2.2x
Mon, 23 Sep 2024US$1.0tUS$474.2bUS$49.4b21.4x20.9x2.2x
Wed, 21 Aug 2024US$983.7bUS$474.2bUS$49.0b21.2x20.1x2.1x
Fri, 19 Jul 2024US$1.0tUS$476.7bUS$51.6b21.2x19.9x2.2x
Sun, 16 Jun 2024US$957.8bUS$477.0bUS$51.3b21.7x18.7x2x
Tue, 14 May 2024US$1.0tUS$479.5bUS$51.8b21.9x19.9x2.1x
Thu, 11 Apr 2024US$1.1tUS$478.1bUS$48.1b23.7x22.2x2.2x
Sat, 09 Mar 2024US$1.0tUS$477.2bUS$47.5b24.2x21.2x2.1x
Mon, 05 Feb 2024US$993.6bUS$485.3bUS$48.3b23.1x20.6x2x
Wed, 03 Jan 2024US$962.4bUS$485.5bUS$47.8b22.4x20.1x2x
Fri, 01 Dec 2023US$880.1bUS$483.9bUS$47.8b20.5x18.4x1.8x
Sun, 29 Oct 2023US$811.5bUS$478.5bUS$45.4b18.3x17.9x1.7x
Tue, 26 Sep 2023US$873.8bUS$475.1bUS$44.4b20x19.7x1.8x
Thu, 24 Aug 2023US$904.3bUS$475.1bUS$44.5b19.9x20.3x1.9x
Sat, 22 Jul 2023US$943.6bUS$459.8bUS$40.2b20.5x23.5x2.1x
Mon, 19 Jun 2023US$896.1bUS$460.9bUS$40.5b20.1x22.2x1.9x
Wed, 17 May 2023US$793.1bUS$456.7bUS$39.7b18.1x20x1.7x
Fri, 14 Apr 2023US$820.4bUS$444.6bUS$38.3b20.7x21.4x1.8x
Sun, 12 Mar 2023US$825.4bUS$443.0bUS$38.0b21.9x21.7x1.9x
Tue, 07 Feb 2023US$874.3bUS$434.6bUS$36.8b23.9x23.8x2x
Thu, 05 Jan 2023US$818.6bUS$439.3bUS$35.9b20.7x22.8x1.9x
Sat, 03 Dec 2022US$846.3bUS$439.7bUS$35.8b21.4x23.7x1.9x
Price to Earnings Ratio

23.7x


Total Market Cap: US$846.3bTotal Earnings: US$35.8bTotal Revenue: US$439.7bTotal 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 27.6x which is higher than its 3-year average PE of 21.8x.
  • 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 7.0% 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 Market2.41%
Industrials2.28%
Machinery5.45%
Industrial Machinery6.15%
Agricultural Machinery5.04%
Construction Machinery and Vehicles4.71%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings decline of 2.0% 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 18.1x.
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 2.0% 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
CAT CaterpillarUS$566.613.6%
+US$9.2b		38.9%PE28.6x
DE DeereUS$498.135.1%
+US$6.6b		8.0%PE25.9x
PH Parker-HannifinUS$852.044.3%
+US$4.4b		20.5%PE29.5x
PCAR PACCARUS$104.928.2%
+US$4.2b		-9.4%PE20.5x
CMI CumminsUS$494.946.5%
+US$4.1b		31.1%PE25.6x

Latest News

IR
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Ingersoll Rand
7D
8.0%
1Y
-24.1%

Calculating The Intrinsic Value Of Ingersoll Rand Inc. (NYSE:IR)

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DE
US$498.13
Deere
7D
5.1%
1Y
8.0%

DE: Technology-Driven Offerings Will Aid Earnings Recovery Amid Steel Tariff Headwinds

Deere's analyst price target was modestly increased to $525.78 from $525.40, reflecting analysts' expectations for ongoing growth in Precision Ag adoption, technology-driven profitability, and constructive long-term fundamentals. This outlook remains despite mixed cyclical indicators and tariff headwinds.
SYM
US$77.29
Symbotic
7D
46.0%
1Y
106.6%

SYM: Deployment Delays And Customer Expansion Will Shape Shares Going Forward

Analysts have revised Symbotic's price target to $50.82. This reflects no change from previous estimates, as recent research highlights mixed views on valuation and near-term growth prospects.
PH
US$852.04
Parker-Hannifin
7D
4.3%
1Y
20.5%

PH: Share Repurchases and Improved Outlook Will Maintain Fair Value Ahead

Parker-Hannifin Analyst Price Target Raised on Improving Outlook Analysts have increased their price target for Parker-Hannifin from $802.71 to $900.42. They cite higher expected revenue growth and profit margins as key drivers behind the upward revision.
CAT
US$566.61
Caterpillar
7D
3.6%
1Y
38.9%

CAT: Future Performance Will Balance Demand Momentum And Rising Tariff Headwinds

Caterpillar's analyst price target has increased from $559 to $588. This reflects growing confidence among analysts due to strong recent earnings and an improved demand outlook across key segments.
DDD
US$2.02
3D Systems
7D
-2.9%
1Y
-40.8%
CLIR
US$0.75
ClearSign Technologies
7D
-8.9%
1Y
-26.8%

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CMI
US$494.94
Cummins
7D
6.5%
1Y
31.1%
MVST
US$3.41
Microvast Holdings
7D
-6.8%
1Y
357.5%

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GTEC
US$1.09
Greenland Technologies Holding
7D
-8.4%
1Y
-49.5%
AIRJ
US$3.12
AirJoule Technologies
7D
-23.0%
1Y
-62.0%
PCAR
US$104.92
PACCAR
7D
8.2%
1Y
-9.4%

PCAR: Future Profit Margins Will Balance Out Tariff Relief and Demand Uncertainty

Analysts have modestly raised their price target on PACCAR to approximately $108, citing benefits from tariff relief under Section 232, improved margin visibility, and a slight uptick in profit margin projections, even as expectations for revenue growth remain tempered. Analyst Commentary Recent Street research reflects a range of perspectives on PACCAR's valuation and outlook, with analysts weighing the effects of tariff relief, margin trends, and sector demand.
ITW
US$248.35
Illinois Tool Works
7D
2.7%
1Y
-10.2%
CYD
US$35.07
China Yuchai International
7D
-0.4%
1Y
280.8%
KITT
US$0.88
Nauticus Robotics
7D
-21.2%
1Y
-90.4%
PDYN
US$5.34
Palladyne AI
7D
-5.2%
1Y
-25.9%

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