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U.S. Machinery Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies189
  • 7D3.7%
  • 3M2.1%
  • 1Y37.8%
  • YTD21.6%

In the last week, the Machinery industry is up 3.7%, with Parker-Hannifin leading the way, up 10.0%. During this same period, the JBT Marel underperformed, falling 11%. This takes the industry's 12 month performance to a gain of 38%. 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
Sun, 09 Aug 2026US$1.6tUS$496.9bUS$47.6b28.4x33x3.2x
Tue, 07 Jul 2026US$1.6tUS$462.0bUS$43.4b28.3x36x3.4x
Thu, 04 Jun 2026US$1.5tUS$461.9bUS$43.7b27.2x34x3.2x
Sat, 02 May 2026US$1.5tUS$456.5bUS$44.3b27.5x34.1x3.3x
Mon, 30 Mar 2026US$1.3tUS$451.7bUS$43.5b26.1x30.9x3x
Wed, 25 Feb 2026US$1.5tUS$450.3bUS$42.7b29.7x35.2x3.3x
Fri, 23 Jan 2026US$1.4tUS$450.6bUS$43.7b27.4x31.6x3.1x
Sun, 21 Dec 2025US$1.3tUS$450.8bUS$43.7b25.3x28.8x2.8x
Tue, 18 Nov 2025US$1.2tUS$449.4bUS$43.8b23.3x27.5x2.7x
Thu, 16 Oct 2025US$1.2tUS$446.9bUS$44.9b24.1x26.2x2.6x
Sat, 13 Sep 2025US$1.1tUS$447.0bUS$44.2b24x26x2.6x
Mon, 11 Aug 2025US$1.1tUS$448.1bUS$44.3b23.1x25.3x2.5x
Wed, 09 Jul 2025US$1.1tUS$449.5bUS$44.6b23.5x24.7x2.4x
Fri, 06 Jun 2025US$1.0tUS$449.2bUS$44.5b22.9x23.4x2.3x
Sun, 04 May 2025US$990.2bUS$451.6bUS$46.6b21.8x21.2x2.2x
Tue, 01 Apr 2025US$993.7bUS$457.3bUS$48.2b20.5x20.6x2.2x
Thu, 27 Feb 2025US$1.1tUS$458.2bUS$48.0b22.4x22.3x2.3x
Sat, 25 Jan 2025US$1.1tUS$467.3bUS$47.9b23.9x23.6x2.4x
Mon, 23 Dec 2024US$1.1tUS$467.6bUS$47.9b22.6x22x2.3x
Wed, 20 Nov 2024US$1.1tUS$471.7bUS$49.0b23.8x22.5x2.3x
Fri, 18 Oct 2024US$1.1tUS$474.2bUS$49.4b22x21.8x2.3x
Sun, 15 Sep 2024US$991.3bUS$474.2bUS$49.4b21x20.1x2.1x
Tue, 13 Aug 2024US$954.0bUS$476.5bUS$50.1b20.8x19x2x
Thu, 11 Jul 2024US$942.2bUS$476.7bUS$51.6b20x18.2x2x
Sat, 08 Jun 2024US$971.5bUS$477.0bUS$51.3b22x18.9x2x
Mon, 06 May 2024US$998.6bUS$479.1bUS$51.7b22.5x19.3x2.1x
Wed, 03 Apr 2024US$1.1tUS$478.4bUS$48.1b23.6x22x2.2x
Fri, 01 Mar 2024US$992.8bUS$477.4bUS$47.3b24.9x21x2.1x
Sun, 28 Jan 2024US$962.4bUS$486.4bUS$48.3b22.8x19.9x2x
Tue, 26 Dec 2023US$964.5bUS$484.9bUS$47.8b22.8x20.2x2x
Thu, 23 Nov 2023US$877.5bUS$484.2bUS$47.5b20.3x18.5x1.8x
Sat, 21 Oct 2023US$834.8bUS$475.2bUS$44.4b19x18.8x1.8x
Mon, 18 Sep 2023US$895.3bUS$475.0bUS$44.4b20.5x20.2x1.9x
Wed, 16 Aug 2023US$922.2bUS$473.4bUS$43.4b20.2x21.2x1.9x
Price to Earnings Ratio

21.2x


Total Market Cap: US$922.2bTotal Earnings: US$43.4bTotal Revenue: US$473.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 24.3x202420252026
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 33.0x which is higher than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 2.4x 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 3.1% 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 Market4.18%
Industrials3.85%
Machinery3.68%
Agricultural Machinery4.90%
Industrial Machinery4.63%
Construction Machinery and Vehicles2.41%
Industry PE
  • Investors are most optimistic about the Agricultural Machinery industry which is trading above its 3-year average PE ratio of 19.3x.
    • Analysts are expecting annual earnings growth of 18.1%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.2x.
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
PH Parker-HannifinUS$1.07k10.0%
+US$12.3b		47.6%PE37.1x
CAT CaterpillarUS$842.193.4%
+US$11.8b		102.2%PE35.7x
DE DeereUS$620.834.8%
+US$7.6b		21.6%PE35x
ITW Illinois Tool WorksUS$296.663.4%
+US$1.9b		15.4%PE26.5x
WTS Watts Water TechnologiesUS$392.2313.4%
+US$1.5b		49.6%PE34.1x

Latest News

ITW
US$296.66
Illinois Tool Works
7D
3.4%
1Y
15.4%
WTS
US$392.23
Watts Water Technologies
7D
13.4%
1Y
49.6%
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TNC
US$73.89
Tennant
7D
-12.1%
1Y
-8.0%
Analysis Article • 4h

Tennant Company Just Missed EPS By 62%: Here's What Analysts Think Will Happen Next

It's been a mediocre week for Tennant Company ( NYSE:TNC ) shareholders, with the stock dropping 12% to US$73.89 in the...
PH
US$1,073.87
Parker-Hannifin
7D
10.0%
1Y
47.6%
Analysis Article • 4h

US$1,134 - That's What Analysts Think Parker-Hannifin Corporation (NYSE:PH) Is Worth After These Results

It's been a good week for Parker-Hannifin Corporation ( NYSE:PH ) shareholders, because the company has just released...
SYM
US$40.18
Symbotic
7D
-6.7%
1Y
-27.7%
TKR
US$130.33
Timken
7D
-5.2%
1Y
75.2%
CAT
US$842.19
Caterpillar
7D
3.4%
1Y
102.2%
Analysis Article • Aug 08

Caterpillar Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

A week ago, Caterpillar Inc. ( NYSE:CAT ) came out with a strong set of second-quarter numbers that could potentially...
SPXC
US$215.68
SPX Technologies
7D
-1.8%
1Y
7.0%
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ITT
US$213.13
ITT
7D
8.8%
1Y
28.6%
Narrative Update • Aug 08

ITT: EPS Beat And Raised Guidance Will Drive Bullish Re Rating

The ITT analyst price target has been revised higher by about $7 to reflect an updated fair value of roughly $252, with analysts citing stronger Q2 results, improving demand trends, and better backlog visibility as key supports for their revised assumptions. Analyst Commentary Recent Street research on ITT points to a cluster of upbeat reactions following the latest Q2 update, with several firms lifting price targets and, in one case, upgrading the rating.
ESE
US$305.72
ESCO Technologies
7D
-3.0%
1Y
58.2%
JBTM
US$123.12
JBT Marel
7D
-11.1%
1Y
-9.3%
BLBD
US$68.76
Blue Bird
7D
-7.6%
1Y
24.3%
Narrative Update • Aug 07

BLBD: Ford Partnership And Replacement Demand Will Shape Future Earnings Power

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AIN
US$62.71
Albany International
7D
-15.8%
1Y
2.9%
Narrative Update • Aug 06

AIN: Future Returns Will Reflect Recycling Progress As Expectations Remain Disciplined

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IR
US$86.97
Ingersoll Rand
7D
4.3%
1Y
14.6%
SWK
US$103.89
Stanley Black & Decker
7D
9.8%
1Y
49.9%
Narrative Update • Aug 05

SWK: Buybacks And Higher EPS Outlook Will Support Measured Future Returns

Analysts have revised their price target on Stanley Black & Decker from about $116.82 to $110.00, reflecting updated assumptions around a lower discount rate, adjusted revenue growth and profit margin expectations, and a more conservative future P/E multiple. What’s in the News for Stanley Black & Decker Stanley Black & Decker reported Q2 net sales that were described as stable and cited tariff refunds and the sale of its aerospace manufacturing business as key contributors to a more than threefold increase in net earnings, while also paying down debt and repurchasing shares.
DE
US$620.83
Deere
7D
4.8%
1Y
21.6%