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U.S. Machinery Industry Analysis

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies189
  • 7D1.7%
  • 3M5.4%
  • 1Y36.6%
  • YTD21.3%

In the last week, the Machinery industry is up 1.7%, with Deere up 9.0%. During this same period, the Caterpillar underperformed, falling 5.5%. This takes the industry's 12 month performance to a gain of 37%. 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, 29 Jul 2026US$1.6tUS$485.3bUS$45.1b28.5x35x3.2x
Fri, 26 Jun 2026US$1.6tUS$489.2bUS$44.8b28.3x36x3.3x
Sun, 24 May 2026US$1.4tUS$461.8bUS$43.7b26.9x33.2x3.1x
Tue, 21 Apr 2026US$1.5tUS$451.4bUS$43.5b27.5x34.2x3.3x
Thu, 19 Mar 2026US$1.4tUS$451.5bUS$43.4b26.4x31.6x3x
Sat, 14 Feb 2026US$1.5tUS$447.8bUS$42.9b29.9x34.8x3.3x
Mon, 12 Jan 2026US$1.3tUS$450.7bUS$43.7b26.3x30.5x3x
Wed, 10 Dec 2025US$1.3tUS$450.7bUS$43.7b24.9x28.6x2.8x
Fri, 07 Nov 2025US$1.2tUS$449.4bUS$44.3b23.8x27.7x2.7x
Sun, 05 Oct 2025US$1.2tUS$447.0bUS$44.2b24.5x26.7x2.6x
Tue, 02 Sep 2025US$1.1tUS$447.0bUS$44.2b24.1x25.6x2.5x
Thu, 31 Jul 2025US$1.1tUS$448.7bUS$44.5b23.2x25.5x2.5x
Sat, 28 Jun 2025US$1.1tUS$449.2bUS$44.6b24.1x24.2x2.4x
Mon, 26 May 2025US$1.0tUS$449.1bUS$44.6b23.1x23.1x2.3x
Wed, 23 Apr 2025US$892.9bUS$457.1bUS$48.6b19.9x18.4x2x
Fri, 21 Mar 2025US$1.0tUS$457.3bUS$47.9b21.3x21.5x2.2x
Sun, 16 Feb 2025US$1.1tUS$458.2bUS$48.0b23.8x22.7x2.4x
Tue, 14 Jan 2025US$1.0tUS$467.3bUS$47.9b23.3x21.4x2.2x
Thu, 12 Dec 2024US$1.1tUS$467.6bUS$47.9b24.4x23.5x2.4x
Sat, 09 Nov 2024US$1.1tUS$472.9bUS$49.2b24.9x22.7x2.4x
Mon, 07 Oct 2024US$1.1tUS$474.2bUS$49.4b21.9x21.5x2.2x
Wed, 04 Sep 2024US$1.0tUS$474.2bUS$49.3b20.7x20.5x2.1x
Fri, 02 Aug 2024US$1.0tUS$476.2bUS$50.4b22x20x2.1x
Sun, 30 Jun 2024US$962.9bUS$476.9bUS$51.6b21.4x18.7x2x
Tue, 28 May 2024US$1.0tUS$477.0bUS$51.3b22x19.7x2.1x
Thu, 25 Apr 2024US$1.0tUS$478.2bUS$48.2b23.2x21.3x2.1x
Sat, 23 Mar 2024US$1.1tUS$476.8bUS$48.0b23x21.9x2.2x
Mon, 19 Feb 2024US$975.9bUS$476.7bUS$47.4b22.9x20.6x2x
Wed, 17 Jan 2024US$939.8bUS$485.5bUS$47.8b21.8x19.7x1.9x
Fri, 15 Dec 2023US$923.8bUS$485.2bUS$47.9b22.5x19.3x1.9x
Sun, 12 Nov 2023US$845.7bUS$484.4bUS$47.2b19.9x17.9x1.7x
Tue, 10 Oct 2023US$873.0bUS$475.1bUS$44.4b20.1x19.7x1.8x
Thu, 07 Sep 2023US$917.8bUS$475.1bUS$44.5b20.3x20.6x1.9x
Sat, 05 Aug 2023US$940.1bUS$472.8bUS$43.7b20.4x21.5x2x
Price to Earnings Ratio

21.5x


Total Market Cap: US$940.1bTotal Earnings: US$43.7bTotal Revenue: US$472.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 24.2x202420252026
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 35.0x which is higher than its 3-year average PE of 24.2x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Machinery industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market-1.50%
Industrials0.82%
Machinery1.67%
Agricultural Machinery8.74%
Industrial Machinery3.47%
Construction Machinery and Vehicles-1.77%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 21.1x.
    • Analysts are expecting annual earnings growth of 17.3%, which is higher than its past year's earnings decline of 9.8% 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 19.1x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Industrial Machinery 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
DE DeereUS$639.849.0%
+US$14.3b		24.8%PE36.1x
WAB Westinghouse Air Brake TechnologiesUS$305.7916.0%
+US$6.9b		58.6%PE40.8x
ITW Illinois Tool WorksUS$295.168.5%
+US$6.7b		13.7%PE26.6x
PH Parker-HannifinUS$990.963.3%
+US$4.0b		34.9%PE35.9x
PCAR PACCARUS$138.215.4%
+US$3.7b		39.6%PE29x

Latest News

PCAR
US$138.21
PACCAR
7D
5.4%
1Y
39.6%
ITW
US$295.16
Illinois Tool Works
7D
8.5%
1Y
13.7%
XYL
US$124.97
Xylem
7D
6.8%
1Y
-5.3%
DOV
US$203.08
Dover
7D
-3.9%
1Y
10.3%
PH
US$990.96
Parker-Hannifin
7D
3.3%
1Y
34.9%
WAB
US$305.79
Westinghouse Air Brake Technologies
7D
16.0%
1Y
58.6%
RBC
US$576.37
RBC Bearings
7D
-1.5%
1Y
49.7%
SPXC
US$204.28
SPX Technologies
7D
-5.9%
1Y
13.3%
IR
US$86.50
Ingersoll Rand
7D
6.9%
1Y
-0.7%
CMI
US$641.60
Cummins
7D
-2.9%
1Y
75.1%
ESE
US$315.69
ESCO Technologies
7D
-5.0%
1Y
63.1%
NPO
US$313.65
Enpro
7D
-7.4%
1Y
46.1%
Seeking Alpha • Jul 22

Enpro: AST Growth And Sealing Durability Can Justify The Premium

Summary I rate Enpro Inc. (NPO) a buy, favoring its durable Sealing segment and fast-growing semiconductor-focused AST segment. NPO’s mission-critical, engineered components command pricing power and high retention, supporting robust margins—Sealing >30% EBITDA margin for nine quarters, AST at 23.3% in Q1 2026. Sealing’s aftermarket-driven, recurring revenue base remains resilient through cycles, while AST leverages semiconductor upcycle and lifecycle services for accelerated growth. Valuation at ~21.6x forward EBITDA appears justified; margin expansion and AST’s growth underpin a credible path to higher earnings and share price upside. Read the full article on Seeking Alpha
CECO
US$67.48
CECO Environmental
7D
-17.8%
1Y
67.2%
CAT
US$840.85
Caterpillar
7D
-5.5%
1Y
95.5%
CNH
US$11.44
CNH Industrial
7D
10.5%
1Y
-10.7%
DE
US$639.84
Deere
7D
9.0%
1Y
24.8%
Narrative Update • Jul 15

DE: AI Precision Investment And Tariff Relief Will Support Future Upside

Analysts have raised their price targets on Deere, increasing fair value estimates from $759.00 to about $803.77. This shift is supported by expectations for steadier margins, a slightly lower discount rate, modestly higher future P/E assumptions, and generally constructive sector research.