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U.S. Machinery Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies187
  • 7D8.0%
  • 3M11.8%
  • 1Y65.2%
  • YTD16.7%

Over the last 7 days, the Machinery industry has risen 8.0%, driven by gains from Caterpillar of 9.7%. Meanwhile, Velo3D actually underperformed within the industry, shrinking 7.8% in the last week. In the last 12 months, the industry was up 65%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026US$1.5tUS$451.4bUS$43.6b28.1x33.6x3.2x
Sun, 08 Mar 2026US$1.4tUS$449.8bUS$43.2b27x32x3.1x
Tue, 03 Feb 2026US$1.4tUS$450.8bUS$42.8b27.8x31.9x3x
Thu, 01 Jan 2026US$1.3tUS$450.9bUS$43.7b25x28.9x2.8x
Sat, 29 Nov 2025US$1.3tUS$450.7bUS$43.7b24.9x28.7x2.8x
Mon, 27 Oct 2025US$1.2tUS$445.8bUS$44.2b24.6x27x2.7x
Wed, 24 Sep 2025US$1.2tUS$447.0bUS$44.2b24.4x26.4x2.6x
Fri, 22 Aug 2025US$1.1tUS$446.8bUS$44.2b23.7x25.5x2.5x
Sun, 20 Jul 2025US$1.1tUS$449.5bUS$44.6b23.3x24.5x2.4x
Tue, 17 Jun 2025US$1.0tUS$449.2bUS$44.5b23.2x23.3x2.3x
Thu, 15 May 2025US$1.1tUS$451.6bUS$45.2b22.9x23.4x2.3x
Sat, 12 Apr 2025US$908.6bUS$457.0bUS$48.6b19.7x18.7x2x
Mon, 10 Mar 2025US$1.1tUS$458.0bUS$47.8b22.1x22.2x2.3x
Wed, 05 Feb 2025US$1.1tUS$462.2bUS$49.2b23.5x22.3x2.4x
Fri, 03 Jan 2025US$1.0tUS$467.6bUS$47.9b22.7x21.8x2.2x
Sun, 01 Dec 2024US$1.2tUS$467.6bUS$47.8b25.5x24.1x2.5x
Tue, 29 Oct 2024US$1.1tUS$473.9bUS$49.0b21.5x21.5x2.2x
Thu, 26 Sep 2024US$1.1tUS$474.2bUS$49.4b21.8x21.3x2.2x
Sat, 24 Aug 2024US$984.6bUS$474.2bUS$49.1b21.8x20.1x2.1x
Mon, 22 Jul 2024US$1.0tUS$476.7bUS$51.7b20.9x19.5x2.1x
Wed, 19 Jun 2024US$965.3bUS$477.0bUS$51.3b21.5x18.8x2x
Fri, 17 May 2024US$1.0tUS$479.5bUS$51.8b22.1x20.2x2.2x
Sun, 14 Apr 2024US$1.1tUS$478.1bUS$48.1b23.4x22x2.2x
Tue, 12 Mar 2024US$1.0tUS$477.2bUS$47.5b24.3x21.2x2.1x
Thu, 08 Feb 2024US$971.2bUS$476.3bUS$47.1b22.8x20.6x2x
Sat, 06 Jan 2024US$939.6bUS$485.4bUS$47.8b22x19.7x1.9x
Mon, 04 Dec 2023US$902.0bUS$483.9bUS$47.8b20.8x18.9x1.9x
Wed, 01 Nov 2023US$811.8bUS$481.3bUS$46.3b18.7x17.5x1.7x
Fri, 29 Sep 2023US$877.1bUS$475.1bUS$44.4b20.3x19.8x1.8x
Sun, 27 Aug 2023US$900.2bUS$475.1bUS$44.5b20x20.2x1.9x
Tue, 25 Jul 2023US$945.9bUS$461.2bUS$40.4b20.5x23.4x2.1x
Thu, 22 Jun 2023US$894.5bUS$460.9bUS$40.5b20x22.1x1.9x
Sat, 20 May 2023US$810.8bUS$456.7bUS$39.7b18.3x20.4x1.8x
Mon, 17 Apr 2023US$820.6bUS$444.6bUS$38.3b20x21.4x1.8x
Price to Earnings Ratio

21.4x


Total Market Cap: US$820.6bTotal Earnings: US$38.3bTotal Revenue: US$444.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 22.9x202420252026
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 33.6x which is higher than its 3-year average PE of 22.9x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 4.4% 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 Market3.43%
Industrials5.01%
Machinery7.97%
Construction Machinery and Vehicles9.27%
Agricultural Machinery7.37%
Industrial Machinery6.97%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 3.8% 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 17.3x.
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 22% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 15% 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$787.079.7%
+US$32.5b		172.2%PE41.2x
DE DeereUS$618.007.3%
+US$11.4b		39.1%PE34.7x
PH Parker-HannifinUS$982.998.3%
+US$9.5b		75.5%PE35.1x
CMI CumminsUS$610.9911.2%
+US$8.5b		116.9%PE29.7x
PCAR PACCARUS$127.057.4%
+US$4.6b		43.1%PE28.1x

Latest News

RYM
US$24.39
RYTHM
7D
-15.4%
1Y
33.7%
CAT
US$787.07
Caterpillar
7D
9.7%
1Y
172.2%
IR
US$87.03
Ingersoll Rand
7D
11.7%
1Y
22.7%
DE
US$618.00
Deere
7D
7.3%
1Y
39.1%
WAB
US$270.94
Westinghouse Air Brake Technologies
7D
6.7%
1Y
60.6%
CMI
US$610.99
Cummins
7D
11.2%
1Y
116.9%
PCAR
US$127.05
PACCAR
7D
7.4%
1Y
43.1%

PCAR: Higher Multiple Hopes Will Likely Struggle Against Cycle Execution Risks

The analyst price target for PACCAR has shifted from $95.31 to $109.00 as analysts factor in updated assumptions on revenue growth, profit margins, and a higher future P/E multiple following a series of recent target revisions from major firms. Analyst Commentary Recent Street research around PACCAR clusters around a series of price target adjustments, with several large firms, including JPMorgan, Citi, BofA, Morgan Stanley, and Wells Fargo, updating their views.
PH
US$982.99
Parker-Hannifin
7D
8.3%
1Y
75.5%

PH: Buybacks And 2026 Guidance Will Support A Constructive Long Term View

Analysts have made a small downward adjustment to the Parker Hannifin price target, trimming it by less than $1 to reflect slightly updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Parker-Hannifin reported a buyback tranche update, repurchasing 92,199 shares, representing 0.07%, for US$75 million between October 1, 2025 and December 31, 2025, as part of the program announced on October 22, 2014 (Key Developments).
RAIN
US$2.34
Rain Enhancement Technologies Holdco
7D
-20.9%
1Y
-4.5%
TAYD
US$52.71
Taylor Devices
7D
-8.3%
1Y
64.0%
ITW
US$273.18
Illinois Tool Works
7D
5.8%
1Y
20.4%
RR
US$1.99
Richtech Robotics
7D
-3.4%
1Y
11.2%
VELO
US$10.95
Velo3D
7D
-7.8%
1Y
84.8%
INLF
US$3.92
INLIF
7D
-24.1%
1Y
-82.0%
ZJK
US$1.85
ZJK Industrial
7D
-5.6%
1Y
-52.1%
VHUB
US$0.60
VenHub Global
7D
-9.9%
1Y
n/a