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U.S. Machinery Industry Analysis

UpdatedAug 08, 2026
DataAggregated Company Financials
Companies189
  • 7D3.7%
  • 3M3.2%
  • 1Y38.0%
  • YTD21.7%

Parker-Hannifin is up 10.0%, leading the way for the Machinery industry, which has gained 3.7%. Meanwhile, JBT Marel actually underperformed within the industry, shrinking 11% in the last week. This takes the industry's 12 month performance to a gain of 38%. 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, 08 Aug 2026US$1.6tUS$496.5bUS$47.6b28x33.1x3.2x
Mon, 06 Jul 2026US$1.6tUS$462.0bUS$43.4b27.9x36x3.4x
Wed, 03 Jun 2026US$1.4tUS$461.9bUS$43.7b27.5x32.8x3.1x
Fri, 01 May 2026US$1.5tUS$452.4bUS$43.8b27.8x33.4x3.2x
Sun, 29 Mar 2026US$1.3tUS$451.7bUS$43.5b26.1x30.9x3x
Tue, 24 Feb 2026US$1.5tUS$449.5bUS$42.7b29.5x35.6x3.4x
Thu, 22 Jan 2026US$1.3tUS$450.6bUS$43.7b27.2x30.8x3x
Sat, 20 Dec 2025US$1.2tUS$450.9bUS$43.7b25.3x28.6x2.8x
Mon, 17 Nov 2025US$1.2tUS$449.4bUS$43.8b23.9x27.5x2.7x
Wed, 15 Oct 2025US$1.2tUS$446.9bUS$44.9b23.8x25.7x2.6x
Fri, 12 Sep 2025US$1.1tUS$447.0bUS$44.2b24.6x25.6x2.5x
Sun, 10 Aug 2025US$1.1tUS$448.1bUS$44.3b23.1x25.3x2.5x
Tue, 08 Jul 2025US$1.1tUS$448.4bUS$44.6b23.8x25.1x2.5x
Thu, 05 Jun 2025US$1.0tUS$449.2bUS$44.5b23x23.5x2.3x
Sat, 03 May 2025US$970.8bUS$451.7bUS$46.7b21.8x20.8x2.1x
Mon, 31 Mar 2025US$993.7bUS$457.3bUS$48.2b20.3x20.6x2.2x
Wed, 26 Feb 2025US$1.1tUS$458.0bUS$47.9b23.2x22.2x2.3x
Fri, 24 Jan 2025US$1.1tUS$467.3bUS$47.9b23.9x23.3x2.4x
Sun, 22 Dec 2024US$1.1tUS$467.6bUS$47.9b22.6x22x2.3x
Tue, 19 Nov 2024US$1.1tUS$471.7bUS$49.0b24.2x22.4x2.3x
Thu, 17 Oct 2024US$1.1tUS$474.2bUS$49.4b21.9x21.7x2.3x
Sat, 14 Sep 2024US$984.3bUS$474.2bUS$49.4b21x19.9x2.1x
Mon, 12 Aug 2024US$954.0bUS$476.5bUS$50.1b21x19x2x
Wed, 10 Jul 2024US$948.7bUS$476.7bUS$51.6b19.8x18.4x2x
Fri, 07 Jun 2024US$978.5bUS$477.0bUS$51.3b22.4x19.1x2.1x
Sun, 05 May 2024US$998.5bUS$479.1bUS$51.7b22.5x19.3x2.1x
Tue, 02 Apr 2024US$1.1tUS$476.8bUS$47.9b24.1x22.2x2.2x
Thu, 29 Feb 2024US$989.5bUS$476.8bUS$47.5b24.2x20.8x2.1x
Sat, 27 Jan 2024US$963.0bUS$486.4bUS$48.3b22.8x19.9x2x
Mon, 25 Dec 2023US$964.5bUS$484.9bUS$47.8b22.8x20.2x2x
Wed, 22 Nov 2023US$880.7bUS$484.0bUS$47.5b20.4x18.5x1.8x
Fri, 20 Oct 2023US$843.0bUS$475.2bUS$44.4b19.2x19x1.8x
Sun, 17 Sep 2023US$895.3bUS$475.0bUS$44.4b20.5x20.2x1.9x
Tue, 15 Aug 2023US$935.2bUS$473.4bUS$43.5b20.5x21.5x2x
Price to Earnings Ratio

21.5x


Total Market Cap: US$935.2bTotal Earnings: US$43.5bTotal 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 33.1x 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 Market4.05%
Industrials3.79%
Machinery3.67%
Agricultural Machinery4.90%
Industrial Machinery4.61%
Construction Machinery and Vehicles2.41%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 14.6%, which is higher than its past year's earnings growth of 8.8% 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

PH
US$1,073.87
Parker-Hannifin
7D
10.0%
1Y
47.6%
ESE
US$305.72
ESCO Technologies
7D
-3.0%
1Y
58.2%
WTS
US$392.23
Watts Water Technologies
7D
13.4%
1Y
49.6%
TNC
US$73.89
Tennant
7D
-12.1%
1Y
-8.0%
ITT
US$213.13
ITT
7D
8.8%
1Y
28.6%
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

Analysts have lifted the Blue Bird fair value estimate from $83.25 to $87.38, citing higher Street price targets in the $85 to $95 range. These targets are supported by confidence in the school bus business, new partnerships, and acquisitions that broaden the company’s market opportunity.
SYM
US$40.18
Symbotic
7D
-6.7%
1Y
-27.7%
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

Analysts have raised the price target for Albany International to $60.25 from $56.67, citing updated views on revenue growth, margins, and future P/E assumptions following recent company actions highlighted in Street research. What’s in the News for Albany International Albany International was added to the Russell 2000 Dynamic Index, based on a recent index constituent change event.
IR
US$86.97
Ingersoll Rand
7D
4.3%
1Y
14.6%
TKR
US$130.33
Timken
7D
-5.2%
1Y
75.2%
CAT
US$842.19
Caterpillar
7D
3.4%
1Y
102.2%
Narrative Update • Aug 06

CAT: Data Center Regulation And Margin Pressure Will Restrain Future Upside

The fair value estimate for Caterpillar has been revised higher to $691.73 from $670.12 as analysts factor in recent price target increases tied to strong Q2 execution, backlog momentum, and growing AI and data center related power demand. Analyst Commentary Street research on Caterpillar remains mixed, with several firms lifting price targets after recent Q2 results while others are turning more cautious on the stock's risk and reward.
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%
SPXC
US$215.68
SPX Technologies
7D
-1.8%
1Y
7.0%
ITW
US$296.66
Illinois Tool Works
7D
3.4%
1Y
15.4%
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.