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U.S. Machinery Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies194
  • 7D0.2%
  • 3M-4.8%
  • 1Y41.3%
  • YTD13.7%

Over the last 7 days, the Machinery industry has remained flat, although notably Deere declined by 6.3%. The past year has been better, since the industry has gained 41% in that time. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 May 2026US$1.4tUS$461.8bUS$43.7b26.9x33.2x3.1x
Wed, 22 Apr 2026US$1.5tUS$451.6bUS$43.6b27.7x34.4x3.3x
Fri, 20 Mar 2026US$1.4tUS$451.7bUS$43.4b26.3x31.3x3x
Sun, 15 Feb 2026US$1.5tUS$447.9bUS$43.0b29.9x35.1x3.4x
Tue, 13 Jan 2026US$1.3tUS$450.7bUS$43.7b26.4x30.5x3x
Thu, 11 Dec 2025US$1.3tUS$450.7bUS$43.7b25.7x28.7x2.8x
Sat, 08 Nov 2025US$1.2tUS$449.3bUS$44.1b24.1x27.9x2.7x
Mon, 06 Oct 2025US$1.2tUS$447.0bUS$44.2b24.5x26.7x2.6x
Wed, 03 Sep 2025US$1.1tUS$446.9bUS$44.2b24x25.6x2.5x
Fri, 01 Aug 2025US$1.1tUS$448.8bUS$44.4b23.2x25.5x2.5x
Sun, 29 Jun 2025US$1.1tUS$449.2bUS$44.6b24.1x23.9x2.4x
Tue, 27 May 2025US$1.0tUS$449.1bUS$44.6b23.1x23.1x2.3x
Thu, 24 Apr 2025US$919.0bUS$457.3bUS$48.7b19.9x18.9x2x
Sat, 22 Mar 2025US$1.0tUS$457.3bUS$47.9b21.3x21.3x2.2x
Mon, 17 Feb 2025US$1.1tUS$458.2bUS$48.0b23.8x22.7x2.4x
Wed, 15 Jan 2025US$1.1tUS$467.3bUS$47.9b23.4x22.2x2.3x
Fri, 13 Dec 2024US$1.1tUS$467.6bUS$47.9b24.3x23.5x2.4x
Sun, 10 Nov 2024US$1.1tUS$471.6bUS$49.0b24.9x22.7x2.4x
Tue, 08 Oct 2024US$1.1tUS$474.2bUS$49.4b21.5x21.5x2.2x
Thu, 05 Sep 2024US$978.9bUS$474.2bUS$49.3b20.9x19.9x2.1x
Sat, 03 Aug 2024US$975.1bUS$476.6bUS$50.5b21.7x19.3x2x
Mon, 01 Jul 2024US$962.9bUS$476.9bUS$51.6b21.4x18.7x2x
Wed, 29 May 2024US$1.0tUS$477.0bUS$51.3b22.1x19.7x2.1x
Fri, 26 Apr 2024US$1.0tUS$478.3bUS$49.6b22.9x20.4x2.1x
Sun, 24 Mar 2024US$1.1tUS$476.8bUS$48.0b23x21.9x2.2x
Tue, 20 Feb 2024US$975.9bUS$476.7bUS$47.4b22.9x20.6x2x
Thu, 18 Jan 2024US$922.8bUS$485.5bUS$47.8b21.6x19.3x1.9x
Sat, 16 Dec 2023US$950.7bUS$485.2bUS$47.9b22.4x19.9x2x
Mon, 13 Nov 2023US$846.6bUS$484.4bUS$47.2b19.9x18x1.7x
Wed, 11 Oct 2023US$880.9bUS$475.1bUS$44.4b20.4x19.8x1.9x
Fri, 08 Sep 2023US$906.6bUS$475.1bUS$44.5b19.8x20.4x1.9x
Sun, 06 Aug 2023US$940.2bUS$472.8bUS$43.7b20.4x21.5x2x
Tue, 04 Jul 2023US$908.8bUS$459.8bUS$40.2b20.6x22.6x2x
Thu, 01 Jun 2023US$782.7bUS$460.7bUS$40.4b18.1x19.4x1.7x
Price to Earnings Ratio

19.4x


Total Market Cap: US$782.7bTotal Earnings: US$40.4bTotal Revenue: US$460.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.4x202420252026
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 33.2x which is higher than its 3-year average PE of 23.4x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% 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 Market1.11%
Industrials1.11%
Machinery0.19%
Industrial Machinery2.03%
Construction Machinery and Vehicles0.016%
Agricultural Machinery-5.34%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 5.5% 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 18.0x.
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 17% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% 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$879.891.8%
+US$7.3b		156.2%PE43x
PH Parker-HannifinUS$866.961.0%
+US$1.1b		32.4%PE31.4x
SYM SymboticUS$54.0314.8%
+US$888.0m		87.9%PS2.7x
ITW Illinois Tool WorksUS$252.201.1%
+US$788.3m		4.3%PE23.2x
NDSN NordsonUS$289.904.7%
+US$714.0m		49.9%PE30.6x

Latest News

DE
US$529.15
Deere
7D
-6.3%
1Y
3.7%
Seeking Alpha • May 24

Deere: The Hard Part May Already Be Over

Summary Deere is rated Buy, viewed as undervalued, with strong AI-driven and cyclical tailwinds supporting double-digit growth and potential benchmark outperformance. DE posted its fifth consecutive double-beat, with small ag & turf and construction & forestry segments delivering 16% and 29% YoY sales growth, respectively. Management anticipates 15–20% sales growth in key segments and margin expansion, while share repurchases and debt reduction remain priorities. Risks include continued weakness in production & precision ag, high leverage, and macro uncertainty, but long-term upside is supported by AI and rate cut catalysts. Read the full article on Seeking Alpha
WAB
US$256.41
Westinghouse Air Brake Technologies
7D
-1.4%
1Y
28.6%
ITW
US$252.20
Illinois Tool Works
7D
1.1%
1Y
4.3%
Narrative Update • May 23

ITW: AI Hardware Risk And 2026 Margin Guidance Will Shape Outlook

Illinois Tool Works' analyst price target has shifted modestly lower by $1 to $274.54, as analysts weigh mixed target revisions alongside updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent research shows a mix of cautious and constructive views on Illinois Tool Works, with several firms adjusting price targets in both directions and reassessing assumptions around growth, margins, and valuation multiples.
NDSN
US$289.90
Nordson
7D
4.7%
1Y
49.9%
SYM
US$54.03
Symbotic
7D
14.8%
1Y
87.9%
Seeking Alpha • May 23

Symbotic: A Premium Growth Story Still Searching For Earnings Power

Summary Symbotic offers compelling warehouse automation technology, but current valuation reflects near-flawless execution, leaving little margin of safety. Walmart anchors SYM’s revenue, driving multi-quarter visibility, but customer concentration and lumpy project-based revenue recognition heighten risk. SYM’s modest profitability and clean balance sheet are positives, yet thin margins and volatile earnings quality undermine a durable business model. I see fair value near $37/share; at ~$58, risk/reward skews negative—awaiting margin expansion or customer diversification before initiating a position. Read the full article on Seeking Alpha
CMI
US$639.55
Cummins
7D
-5.7%
1Y
101.6%
PH
US$866.96
Parker-Hannifin
7D
1.0%
1Y
32.4%
Seeking Alpha • May 22

Parker-Hannifin Just Made Another Big Move

Summary Parker-Hannifin continues aggressive acquisition-driven growth, highlighted by the $9.25B Filtration Group and $2.55B CIRCOR Aerospace deals. PH delivered 7.8% revenue growth Y/Y, with both Aerospace Systems and Diversified Industrial segments contributing, though net profits declined. Management guides for 7% revenue growth and adjusted EPS of $27.10–31.20, but the company trades at a premium to peers on key valuation metrics. I maintain a 'Hold' rating, citing impressive operational execution but insufficient value to warrant a bullish stance given current pricing. Read the full article on Seeking Alpha
CR
US$179.75
Crane
7D
5.3%
1Y
5.7%
Narrative Update • May 21

CR: Acquisition Capacity And 2026 Outlook Will Support Fair Pricing

Analysts have adjusted Crane's price target slightly higher from $186.23 to $192.36 as they factor in updated assumptions for the discount rate, revenue growth, profit margin, and future P/E levels. What's in the News Crane is actively looking for acquisitions, with management highlighting a strong balance sheet and substantial capacity for mergers and acquisitions across Aerospace & Advanced Technologies and Process Flow Technologies, while emphasizing a disciplined approach and no imminent deals at this time (earnings call).
TKR
US$119.95
Timken
7D
6.4%
1Y
75.2%
CNH
US$10.11
CNH Industrial
7D
-3.7%
1Y
-20.8%
Narrative Update • May 21

CNH: Construction Mega Projects And 2026 Trough Will Support Recovery

Analysts have trimmed the CNH Industrial fair value estimate by about $0.52 to $13.36, reflecting updated price targets that balance slightly higher revenue growth and margin assumptions with a lower future P/E and a modestly higher discount rate. Analyst Commentary Recent Street research on CNH Industrial has tilted more cautious overall, with several price target trims and at least one downgrade, offset by a handful of modest target increases and a neutral initiation.
BLBD
US$66.30
Blue Bird
7D
-8.9%
1Y
71.6%
Narrative Update • May 21

BLBD: Higher Forward P E And Electrification Wins Will Support Further Upside

The analyst fair value estimate for Blue Bird has shifted from $55.00 to $73.00. The change is tied to updated views on revenue growth, profit margins and forward P/E multiples outlined in recent Street research from analysts.
OTIS
US$72.77
Otis Worldwide
7D
2.3%
1Y
-24.8%
CAT
US$879.89
Caterpillar
7D
1.8%
1Y
156.2%
Narrative Update • May 19

CAT: Future Returns Will Reflect Data Center Power And Physical AI Opportunities

Caterpillar's updated analyst price target framework moves from a fair value of about $754 to roughly $913, with analysts generally pointing to firmer profit margin assumptions and a higher future P/E multiple as key drivers of the change, even as they apply a slightly higher discount rate and trim revenue growth expectations. Analyst Commentary Recent Street research on Caterpillar clusters around a consistent theme, with a series of higher price targets and at least one fresh upgrade.
ALSN
US$109.87
Allison Transmission Holdings
7D
-3.7%
1Y
7.4%
MLI
US$133.39
Mueller Industries
7D
-2.0%
1Y
75.8%
PCAR
US$109.35
PACCAR
7D
-2.1%
1Y
17.3%