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U.S. Machinery Industry Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies189
  • 7D-3.0%
  • 3M-0.3%
  • 1Y30.0%
  • YTD16.9%

Over the last 7 days, the Machinery industry has dropped 3.0%, driven by Caterpillar declining 9.5%. Over the past 12 months, the industry was up 30%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jul 2026US$1.5tUS$485.7bUS$45.4b27.3x33.1x3.1x
Sun, 28 Jun 2026US$1.6tUS$489.3bUS$44.9b28.2x36.4x3.3x
Tue, 26 May 2026US$1.4tUS$461.8bUS$43.7b26.9x33.2x3.1x
Thu, 23 Apr 2026US$1.5tUS$451.9bUS$43.6b27.2x34.1x3.3x
Sat, 21 Mar 2026US$1.4tUS$451.7bUS$43.4b25.9x31.1x3x
Mon, 16 Feb 2026US$1.5tUS$447.9bUS$43.0b29.9x35.1x3.4x
Wed, 14 Jan 2026US$1.3tUS$450.7bUS$43.7b26.4x30.8x3x
Fri, 12 Dec 2025US$1.3tUS$450.8bUS$43.7b26x29.4x2.8x
Sun, 09 Nov 2025US$1.2tUS$449.2bUS$43.9b24.1x28x2.7x
Tue, 07 Oct 2025US$1.2tUS$447.0bUS$44.2b24.1x26.7x2.6x
Thu, 04 Sep 2025US$1.1tUS$447.0bUS$44.2b24x25.3x2.5x
Sat, 02 Aug 2025US$1.1tUS$448.3bUS$44.7b22.7x25.5x2.5x
Mon, 30 Jun 2025US$1.1tUS$449.2bUS$44.6b24.1x23.9x2.4x
Wed, 28 May 2025US$1.0tUS$449.1bUS$44.6b23.7x23.1x2.3x
Fri, 25 Apr 2025US$932.3bUS$457.3bUS$48.7b20.6x19.1x2x
Sun, 23 Mar 2025US$1.0tUS$457.3bUS$47.9b21.3x21.1x2.2x
Tue, 18 Feb 2025US$1.1tUS$458.2bUS$48.0b23.8x22.7x2.4x
Thu, 16 Jan 2025US$1.1tUS$467.3bUS$47.9b22.9x22.3x2.3x
Sat, 14 Dec 2024US$1.1tUS$467.6bUS$47.9b24x23.2x2.4x
Mon, 11 Nov 2024US$1.1tUS$471.6bUS$49.0b24.9x22.7x2.4x
Wed, 09 Oct 2024US$1.1tUS$474.2bUS$49.4b21.6x21.4x2.2x
Fri, 06 Sep 2024US$972.9bUS$474.2bUS$49.4b20.6x19.7x2.1x
Sun, 04 Aug 2024US$948.4bUS$476.8bUS$50.6b21.7x18.8x2x
Tue, 02 Jul 2024US$962.9bUS$476.9bUS$51.6b20.5x18.7x2x
Thu, 30 May 2024US$995.5bUS$477.0bUS$51.3b22.1x19.4x2.1x
Sat, 27 Apr 2024US$1.0tUS$478.5bUS$49.6b23.2x20.5x2.1x
Mon, 25 Mar 2024US$1.1tUS$476.8bUS$48.0b23x21.9x2.2x
Wed, 21 Feb 2024US$965.9bUS$476.7bUS$47.4b23.1x20.4x2x
Fri, 19 Jan 2024US$933.1bUS$485.5bUS$47.8b21.8x19.5x1.9x
Sun, 17 Dec 2023US$950.7bUS$485.2bUS$47.9b22.4x19.9x2x
Tue, 14 Nov 2023US$845.3bUS$484.4bUS$47.2b19.6x17.9x1.7x
Thu, 12 Oct 2023US$748.1bUS$410.3bUS$36.0b20.6x20.8x1.8x
Sat, 09 Sep 2023US$905.2bUS$475.0bUS$44.4b20.5x20.4x1.9x
Mon, 07 Aug 2023US$938.2bUS$472.7bUS$43.7b20.4x21.5x2x
Price to Earnings Ratio

21.5x


Total Market Cap: US$938.2bTotal Earnings: US$43.7bTotal Revenue: US$472.7bTotal 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 33.1x 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 3.1x.
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 Market0.50%
Industrials-2.30%
Machinery-3.03%
Industrial Machinery0.13%
Agricultural Machinery-2.10%
Construction Machinery and Vehicles-6.26%
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 17.5%, 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
ITW Illinois Tool WorksUS$283.702.5%
+US$2.0b		10.8%PE25.6x
PCAR PACCARUS$133.762.3%
+US$1.6b		35.4%PE28.1x
SWK Stanley Black & DeckerUS$95.559.3%
+US$1.3b		41.2%PE23.9x
DOV DoverUS$204.063.2%
+US$843.1m		12.7%PE24.3x
MLI Mueller IndustriesUS$66.865.9%
+US$825.0m		56.6%PE17.4x

Latest News

CECO
US$65.54
CECO Environmental
7D
-17.7%
1Y
45.8%
DE
US$599.47
Deere
7D
-1.7%
1Y
14.3%
SWK
US$95.55
Stanley Black & Decker
7D
9.3%
1Y
41.2%
IEX
US$233.77
IDEX
7D
5.2%
1Y
43.0%
ITW
US$283.70
Illinois Tool Works
7D
2.5%
1Y
10.8%
Narrative Update • Jul 30

ITW: Dividend Strength And Q1 Execution Will Support Fairly Valued Shares

Analysts have lifted the fair value estimate for Illinois Tool Works from about $280 to about $296. They cite refreshed models after Q2 results, modestly higher assumed revenue growth and margins, and updated longer term P/E expectations that are broadly in line with a wave of recent price target increases across the Street.
PCAR
US$133.76
PACCAR
7D
2.3%
1Y
35.4%
SNA
US$409.05
Snap-on
7D
3.4%
1Y
27.4%
DOV
US$204.06
Dover
7D
3.2%
1Y
12.7%
PNR
US$66.17
Pentair
7D
6.6%
1Y
-35.3%
PH
US$962.79
Parker-Hannifin
7D
-2.3%
1Y
31.5%
WAB
US$292.46
Westinghouse Air Brake Technologies
7D
-1.9%
1Y
52.3%
RBC
US$561.90
RBC Bearings
7D
-5.6%
1Y
45.1%
SPXC
US$199.30
SPX Technologies
7D
-9.3%
1Y
9.3%
CMI
US$632.98
Cummins
7D
-4.8%
1Y
72.2%
MLI
US$66.86
Mueller Industries
7D
5.9%
1Y
56.6%
CAT
US$809.14
Caterpillar
7D
-9.5%
1Y
84.7%