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U.S. Machinery Industry Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies189
  • 7D-3.5%
  • 3M-0.09%
  • 1Y34.4%
  • YTD17.3%

Over the last 7 days, the Machinery industry has dropped 3.5%, driven by Caterpillar declining 8.3%. This takes the industry's 12 month performance to a gain of 34%. 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
Sat, 01 Aug 2026US$1.5tUS$487.9bUS$45.7b27x33.2x3.1x
Mon, 29 Jun 2026US$1.6tUS$489.3bUS$44.9b28.2x36.4x3.3x
Wed, 27 May 2026US$1.4tUS$461.8bUS$43.6b27x33.2x3.1x
Fri, 24 Apr 2026US$1.5tUS$452.1bUS$43.6b28.1x34x3.3x
Sun, 22 Mar 2026US$1.3tUS$451.7bUS$43.4b25.9x30.7x3x
Tue, 17 Feb 2026US$1.5tUS$447.9bUS$43.0b29.9x35.1x3.4x
Thu, 15 Jan 2026US$1.4tUS$450.7bUS$43.7b26.8x31x3x
Sat, 13 Dec 2025US$1.3tUS$450.8bUS$43.7b26x29.8x2.9x
Mon, 10 Nov 2025US$1.2tUS$449.2bUS$43.9b24.1x28x2.7x
Wed, 08 Oct 2025US$1.2tUS$447.0bUS$44.9b24.1x26.4x2.6x
Fri, 05 Sep 2025US$1.1tUS$447.0bUS$44.2b24.4x25.2x2.5x
Sun, 03 Aug 2025US$1.1tUS$447.5bUS$44.6b22.7x24.9x2.5x
Tue, 01 Jul 2025US$1.1tUS$449.2bUS$44.6b24x24.4x2.4x
Thu, 29 May 2025US$1.1tUS$449.1bUS$44.6b23.3x23.6x2.3x
Sat, 26 Apr 2025US$960.0bUS$457.3bUS$48.3b20.9x19.9x2.1x
Mon, 24 Mar 2025US$1.0tUS$457.3bUS$47.9b21.3x21.1x2.2x
Wed, 19 Feb 2025US$1.1tUS$458.2bUS$48.0b24.2x22.7x2.4x
Fri, 17 Jan 2025US$1.1tUS$467.3bUS$47.9b23.3x22.4x2.3x
Sun, 15 Dec 2024US$1.1tUS$467.4bUS$47.9b24x23.1x2.4x
Tue, 12 Nov 2024US$1.1tUS$471.6bUS$49.0b25.3x22.7x2.4x
Thu, 10 Oct 2024US$1.0tUS$474.2bUS$49.4b21.5x21.2x2.2x
Sat, 07 Sep 2024US$952.7bUS$474.2bUS$49.4b20.3x19.3x2x
Mon, 05 Aug 2024US$948.5bUS$476.8bUS$50.6b21.7x18.8x2x
Wed, 03 Jul 2024US$944.8bUS$476.9bUS$51.6b19.8x18.3x2x
Fri, 31 May 2024US$985.9bUS$477.0bUS$51.3b22.7x19.2x2.1x
Sun, 28 Apr 2024US$1.0tUS$478.5bUS$49.6b23.2x20.5x2.1x
Tue, 26 Mar 2024US$1.1tUS$476.8bUS$48.0b23.6x21.9x2.2x
Thu, 22 Feb 2024US$965.2bUS$476.2bUS$47.3b23.7x20.4x2x
Sat, 20 Jan 2024US$938.6bUS$485.5bUS$47.8b22.4x19.6x1.9x
Mon, 18 Dec 2023US$950.7bUS$485.2bUS$47.9b22.4x19.9x2x
Wed, 15 Nov 2023US$846.5bUS$484.5bUS$47.2b20.5x17.9x1.7x
Fri, 13 Oct 2023US$888.3bUS$475.1bUS$44.4b20.3x20x1.9x
Sun, 10 Sep 2023US$882.3bUS$475.0bUS$44.4b20.5x19.9x1.9x
Tue, 08 Aug 2023US$949.4bUS$472.8bUS$43.7b20.7x21.7x2x
Price to Earnings Ratio

21.7x


Total Market Cap: US$949.4bTotal 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 33.2x 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 Market0.77%
Industrials-1.55%
Machinery-3.54%
Industrial Machinery-0.066%
Construction Machinery and Vehicles-5.98%
Agricultural Machinery-6.07%
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 17.6%, 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$286.951.4%
+US$1.1b		13.7%PE25.8x
MLI Mueller IndustriesUS$66.413.9%
+US$553.0m		59.4%PE17.3x
LECO Lincoln Electric HoldingsUS$261.313.9%
+US$539.1m		8.4%PE25.9x
IEX IDEXUS$230.453.2%
+US$463.4m		44.8%PE32.7x
PNR PentairUS$65.444.1%
+US$410.7m		-35.0%PE16.4x

Latest News

RBC
US$551.31
RBC Bearings
7D
-7.4%
1Y
37.9%
FSS
US$124.95
Federal Signal
7D
5.1%
1Y
1.9%
AGCO
US$102.16
AGCO
7D
-15.7%
1Y
-10.1%
LECO
US$261.31
Lincoln Electric Holdings
7D
3.9%
1Y
8.4%
FLS
US$75.99
Flowserve
7D
5.0%
1Y
41.1%
IEX
US$230.45
IDEX
7D
3.2%
1Y
44.8%
Narrative Update • Jul 30

IEX: Ongoing Buybacks And Long Dividend Streak Will Support Future Returns

Analysts have raised their price target for IDEX to $248 from $238.29, citing updated assumptions that reflect the latest views on growth, profitability, and valuation multiples. What’s in the News for IDEX IDEX reported that from April 1, 2026 to June 30, 2026, the company repurchased 364,270 shares for US$77 million, representing 0.49% of its shares under an ongoing buyback program.
DE
US$592.67
Deere
7D
-5.6%
1Y
18.3%
ITW
US$286.95
Illinois Tool Works
7D
1.4%
1Y
13.7%
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.
XYL
US$116.97
Xylem
7D
-2.3%
1Y
-17.7%
Narrative Update • Jul 30

XYL: Future Returns Will Depend On AI Demand And Policy Uncertainty

The analyst fair value estimate for Xylem has been adjusted to $129.00 from $123.56 as analysts factor in recent price target increases tied to a solid Q2 operating performance, resilient municipal demand, and expectations for a more normal industrial path ahead. Analyst Commentary Recent research on Xylem shows a mix of optimism on execution and margins, alongside a more cautious pocket of views that focus on valuation and potential growth risks.
SYM
US$43.05
Symbotic
7D
7.2%
1Y
-15.3%
Narrative Update • Jul 29

SYM: AI Warehouse Software Expansion Will Drive Future Returns

Analysts now see modestly higher upside for Symbotic, lifting the fair value estimate from about $64.87 to $66.32, even as some Street targets, such as the recent cut to $45, reflect differing views on growth, profitability, and appropriate future P/E multiples. What’s in the News for Symbotic Symbotic agreed to acquire ARMS Innovations, a UK-based software company that focuses on real-time operational intelligence for complex automated warehouse environments.
PNR
US$65.44
Pentair
7D
4.1%
1Y
-35.0%
PH
US$976.53
Parker-Hannifin
7D
-1.1%
1Y
37.1%
WAB
US$290.86
Westinghouse Air Brake Technologies
7D
-3.8%
1Y
55.6%
CMI
US$634.20
Cummins
7D
-4.6%
1Y
78.2%
MLI
US$66.41
Mueller Industries
7D
3.9%
1Y
59.4%
CAT
US$814.81
Caterpillar
7D
-8.3%
1Y
90.1%