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

U.S. Machinery Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies189
  • 7D6.5%
  • 3M20.7%
  • 1Y36.6%
  • YTD16.8%

Over the last 7 days, the Machinery industry has risen 8.0%, driven by gains from Caterpillar of 7.4%. Meanwhile, Mueller Industries actually underperformed within the industry, shrinking 17% in the last week. This takes the industry's 12 month performance to a gain of 36%. 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
Tue, 10 Feb 2026US$1.5tUS$449.4bUS$42.9b29.4x34.4x3.3x
Thu, 08 Jan 2026US$1.3tUS$450.9bUS$43.7b25.6x30.3x2.9x
Sat, 06 Dec 2025US$1.3tUS$450.7bUS$43.7b25.5x29x2.8x
Mon, 03 Nov 2025US$1.2tUS$447.9bUS$44.8b23.5x27.3x2.7x
Wed, 01 Oct 2025US$1.2tUS$447.1bUS$44.2b24.2x26.1x2.6x
Fri, 29 Aug 2025US$1.2tUS$447.0bUS$44.2b24.5x26.1x2.6x
Sun, 27 Jul 2025US$1.1tUS$448.7bUS$44.3b23.5x25.9x2.6x
Tue, 24 Jun 2025US$1.1tUS$449.2bUS$44.5b22.4x23.6x2.3x
Thu, 22 May 2025US$1.1tUS$449.1bUS$44.6b23.2x23.9x2.4x
Sat, 19 Apr 2025US$915.8bUS$457.0bUS$48.6b19.4x18.8x2x
Mon, 17 Mar 2025US$1.0tUS$457.3bUS$47.9b21.4x21x2.2x
Wed, 12 Feb 2025US$1.1tUS$461.5bUS$49.0b22.9x22.5x2.4x
Fri, 10 Jan 2025US$1.0tUS$467.4bUS$47.9b22.4x21.8x2.2x
Sun, 08 Dec 2024US$1.1tUS$467.7bUS$47.8b24.8x23.6x2.4x
Tue, 05 Nov 2024US$1.0tUS$473.8bUS$49.3b23x21.3x2.2x
Thu, 03 Oct 2024US$1.1tUS$474.2bUS$49.4b22.1x21.5x2.2x
Sat, 31 Aug 2024US$998.3bUS$474.2bUS$49.3b21.5x20.2x2.1x
Mon, 29 Jul 2024US$1.0tUS$477.0bUS$51.6b21.8x19.7x2.1x
Wed, 26 Jun 2024US$973.4bUS$476.9bUS$51.6b21.8x18.9x2x
Fri, 24 May 2024US$1.0tUS$477.3bUS$51.3b21.8x20x2.2x
Sun, 21 Apr 2024US$1.0tUS$478.1bUS$48.2b23x21x2.1x
Tue, 19 Mar 2024US$1.0tUS$476.8bUS$48.0b23.1x21.4x2.2x
Thu, 15 Feb 2024US$963.9bUS$476.7bUS$47.3b22.9x20.4x2x
Sat, 13 Jan 2024US$940.0bUS$485.5bUS$47.8b22.2x19.7x1.9x
Mon, 11 Dec 2023US$878.3bUS$483.9bUS$47.8b21.5x18.4x1.8x
Wed, 08 Nov 2023US$845.8bUS$484.2bUS$46.9b19.4x18x1.7x
Fri, 06 Oct 2023US$857.0bUS$475.1bUS$44.4b19.5x19.3x1.8x
Sun, 03 Sep 2023US$935.5bUS$475.1bUS$44.5b20.8x21x2x
Tue, 01 Aug 2023US$951.2bUS$465.5bUS$41.3b20.9x23.1x2x
Thu, 29 Jun 2023US$889.8bUS$460.9bUS$40.5b20.2x22x1.9x
Sat, 27 May 2023US$802.3bUS$460.8bUS$40.4b18x19.8x1.7x
Mon, 24 Apr 2023US$822.7bUS$444.7bUS$38.3b20x21.5x1.9x
Wed, 22 Mar 2023US$822.8bUS$442.9bUS$38.1b21.8x21.6x1.9x
Fri, 17 Feb 2023US$868.6bUS$438.3bUS$37.1b23.2x23.4x2x
Price to Earnings Ratio

23.4x


Total Market Cap: US$868.6bTotal Earnings: US$37.1bTotal Revenue: US$438.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 22.3x202420252026
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 34.4x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 5.0% 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 Market0.33%
Industrials4.03%
Machinery6.46%
Agricultural Machinery10.26%
Industrial Machinery6.14%
Construction Machinery and Vehicles5.61%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 30.7x.
    • Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings growth of 3.7% 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 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 3.7% 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$742.127.4%
+US$24.0b		104.3%PE39.1x
DE DeereUS$585.6710.0%
+US$14.5b		24.6%PE31.6x
ITW Illinois Tool WorksUS$290.5810.0%
+US$7.6b		12.8%PE27.5x
IR Ingersoll RandUS$98.3910.6%
+US$3.7b		6.7%PE71.3x
PH Parker-HannifinUS$978.872.8%
+US$3.4b		43.8%PE34.9x

Latest News

SNA
US$368.12
Snap-on
7D
-0.9%
1Y
8.1%
WAB
US$244.74
Westinghouse Air Brake Technologies
7D
4.7%
1Y
17.5%
IR
US$98.39
Ingersoll Rand
7D
10.6%
1Y
6.7%
PH
US$978.87
Parker-Hannifin
7D
2.8%
1Y
43.8%

PH: Higher Fair Value Will Rely On Sustained Buybacks And Margin Execution

Analysts have lifted their price target on Parker Hannifin from $849 to $1,139, citing updated assumptions for revenue growth, profitability, and future P/E that feed into a higher fair value estimate and a slightly adjusted discount rate. What's in the News Parker-Hannifin updated its share repurchase activity for the period from October 1, 2025 to December 31, 2025, buying back 92,199 shares, or 0.07%, for $75m under its ongoing program (Key Developments).
MLI
US$115.90
Mueller Industries
7D
-16.7%
1Y
44.2%
ITW
US$290.58
Illinois Tool Works
7D
10.0%
1Y
12.8%
CAT
US$742.12
Caterpillar
7D
7.4%
1Y
104.3%

CAT: Data Center Engine Reliance Will Likely Erode Future Return Expectations

The analyst price target for Caterpillar has moved higher from about US$393 to roughly US$475, with analysts pointing to updated assumptions for slightly stronger profit margins, a higher future P/E multiple, and ongoing support from data center driven engine demand. Analyst Commentary Across recent research, the tone around Caterpillar has leaned constructive, with a cluster of firms lifting their price targets by wide ranges, from around US$15 to as high as US$125.
PNR
US$97.52
Pentair
7D
-7.6%
1Y
-0.9%
FTV
US$60.70
Fortive
7D
13.0%
1Y
-24.6%

FTV: JPMorgan Downgrade And Buybacks Will Shape A Measured Return Profile

Analysts have trimmed their price target on Fortive to US$58.13, citing a slightly lower discount rate, modestly softer revenue expectations and a higher assumed profit margin supported by a reduced future P/E multiple. Analyst Commentary Recent commentary around the new US$58.13 price target reflects a mixed view on Fortive, with the latest JPMorgan downgrade underlining both execution opportunities and areas of concern for valuation and growth.
DE
US$585.67
Deere
7D
10.0%
1Y
24.6%
VHUB
US$3.49
VenHub Global
7D
-56.8%
1Y
n/a
RR
US$3.48
Richtech Robotics
7D
-3.6%
1Y
15.6%
DOV
US$224.99
Dover
7D
8.5%
1Y
10.5%
LASE
US$0.76
Laser Photonics
7D
-45.1%
1Y
-81.4%
BURU
US$0.15
Nuburu
7D
-18.9%
1Y
-52.2%
SCAG
US$1.95
Scage Future
7D
-17.0%
1Y
n/a