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Stock research / United States / CNH · Construction Machinery & Equip · NYSE

CNH Industrial N.V. (CNH)

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CNH Industrial N.V. (CNH) reported revenue of $4.8 billion for Q2 FY2026, the quarter ended 30 June 2026, up 2.0% on the same quarter a year earlier. Net income was $138 million, down 35.2% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.

Revenue$4.8 billionup 2.0%
Net income$138 milliondown 35.2%
Diluted EPS$0.11
QuarterQ2 FY2026ended 30 June 2026

CNH Industrial (CNH) in brief

CNH Industrial (CNH) reported revenue of $18.1 billion for fiscal 2025, the year ended 31 December 2025, down 8.8% on the year before.
Read moreNet income was $510 million and diluted earnings per share $0.41. Revenue was $19.8 billion in fiscal 2024, $24.7 billion in fiscal 2023, $23.6 billion in fiscal 2022 and $19.5 billion in fiscal 2021. Net income in the same years was $1.2 billion, $2.3 billion, $2.0 billion and $1.7 billion. Over the twelve months to 30 June 2026, CNH Industrial reported revenue of $18.2 billion and net income of $311 million. Revenue grew 4.1% a year, compounded, over the five years to fiscal 2025. CNH Industrial declared $0.25 a share in dividends over the last four quarters and had 1.24 billion shares outstanding at the latest filed count. At 30 June 2026 it carried $26.0 billion of debt and $1.9 billion of cash. At the close of 7 October 2026 the market cap of CNH Industrial was $15.4 billion, 49.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE4.0%
ROCEn/a
Operating marginn/a
Net margin1.7%
FCF marginn/a
Interest covern/a
Debt to equity3.33
Cash conversion5.74
Share count, 1 year-1.0%
Sales CAGR, 3 years-8.4%
Profit CAGR, 3 years-36.9%
EPS, TTM$0.25

At the close of 7 October 2026

Price$12.46
Market cap$15.4 billion
Stock P/E49.84
Price to book1.98
EV / EBITDAn/a
Dividend yield2.0%
Market cap / sales0.85
52-week high$14.40
52-week low$9.22
Price, 1 year13.7%
Price CAGR, 3 years2.0%
Price CAGR, 5 years-5.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from CBOE. Debt to equity here stands on the borrowing lines of CNH Industrial N.V.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
CNHgreeksoup.ai
Daily closes to 7 October 2026, adjusted for splits; prices from CBOE.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CNH

Filings16 in twelve months: 8 current reports (8-K), about 5 regulation fd disclosure; 4 results of operations; 3 other events; 2 officer or director change; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $490,087; latest 4 May 2026
Options tapeput/call 0.55 by open interest at the 8 October 2026 close; the straddle prices a 5.6% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Harris Associates; 2 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 4 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest52.4 million shares short, 2.02 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue5,9866,7924,8185,4884,6544,8763,8284,7114,3995,1573,8264,803
Cost of revenue4,0594,7053,1953,7023,1303,3232,5693,1922,9953,6332,6053,396
Gross profit1,9272,0871,6231,7861,5241,5531,2591,5191,4041,5241,2211,407
Gross margin32%31%34%33%33%32%33%32%32%30%32%29%
R&D266275228237221238184218281342232230
SG&A462478411461426414386478549463465494
Interest expense346404394418378n/an/an/an/an/an/an/a
Pre-tax income71157747953338524116227551.013213.0172
Tax rate24%10%16%18%19%37%29%28%2%45%31%25%
Net income53761636839930617313121380.086.07.0138
Net margin9%9%8%7%7%4%3%5%2%2%0%3%
Diluted EPS$0.42$0.46$0.31$0.34$0.24$0.14$0.10$0.17$0.06$0.07$0.01$0.11
Operating cash flow2321,515-8943797911,69216277265994535.0145
Dividends paid2.07.01.05936.07.01.03201.011.01.0126
Shares outstanding1,330m1,291m1,257m1,254m1,249m1,248m1,249m1,251m1,246m1,242m1,240m1,238m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023 †FY2024FY2025TTM
Revenue32,55525,91225,09527,70129,70628,07914,77919,49623,55124,68719,83618,09518,185
Cost of revenue25,53420,35719,42021,57222,95821,83211,15214,10916,79716,83813,35012,38912,629
Gross profit7,0215,5555,6756,1296,7486,2473,6275,3876,7547,8496,4865,7065,556
Gross margin21.6%21.4%22.6%22.1%22.7%22.2%24.5%27.6%28.7%31.8%32.7%31.5%30.6%
Research and development1,1068568609571,0611,0304936428661,0419241,0251,085
Selling, general and administrative2,9252,3172,2462,3152,3512,2161,2961,4541,7521,8631,7121,8761,971
Operating income2,1991,6351,4511,662n/an/an/an/an/an/an/an/an/a
Operating margin6.8%6.3%5.8%6.0%n/an/an/an/an/an/an/an/an/a
Interest expense1,3181,1061,0289408127986605497341,345n/an/an/a
Pre-tax income1,089567-22.06591,4661,170-1791,9392,6822,7031,457620368
Income tax467360297457417-27185.0229747594336184108
Effective tax rate42.9%63.5%n/a69.3%28.4%-23.2%n/a11.8%27.9%22.0%23.1%29.7%29.3%
Net income710253-2642721,0681,422-4931,7232,0292,2751,246510311
Net margin2.2%1.0%-1.1%1.0%3.6%5.1%-3.3%8.8%8.6%9.2%6.3%2.8%1.7%
Diluted EPS$0.52$0.19-$0.19$0.20$0.78$1.05-$0.36$1.27$1.49$1.69$0.99$0.41$0.25
Filing20-F20-F20-F20-F20-F20-F20-F20-F10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Agriculture18,14814,00712,39068.6%
Construction3,9323,0532,95616.4%
Financial Services2,5732,7742,72015.1%
AgricultureConstructionFinancial Services
24.7FY202319.8FY202418.1FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023 †FY2024FY2025TTM
Operating cash flown/an/a2,7682,8652,5541,8265,5294,0825579071,9682,5381,784
Capital expenditure2,8362,5072,134n/an/an/an/an/an/an/an/an/an/a
Free cash flown/an/a634n/an/an/an/an/an/an/an/an/an/a
Free cash flow marginn/an/a2.5%n/an/an/an/an/an/an/an/an/an/a
Cash from investingn/an/a-1,656-1,869-1,920-1,987-2,750-5,001-3,009-3,699-2,772-1,380-685
Cash from financingn/an/a-1,538-1,045-723206659-1,4451,9642,598-67.0-2,020-1,783
Depreciation and amortisation1,1401,146716725703660299295328377417432n/a
Share-based compensation49.049.03.019.035.033.030.090.087.099.071.045.0n/a
Dividends paid3822972071682432838.0188423538607333139
Dividend per share$0.28$0.21$0.15$0.12$0.17$0.20$0.00$0.13$0.30$0.39$0.47$0.25n/a
Diluted shares, weighted1,360m1,363m1,362m1,367m1,361m1,354m1,351m1,361m1,362m1,350m1,260m1,251m1,241m
Shares outstanding at period end1,355m1,362m1,362m1,364m1,354m1,350m1,354m1,356m1,344m1,291m1,248m1,242m1,238m
Filing20-F20-F20-F20-F20-F20-F20-F20-F10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity4,9614,8434,3204,2325,0686,1214,9896,8086,9278,0967,7137,7727,794
Redeemable equity16.018.021.025.030.035.040.045.049.054.055.053.059.0
Debtn/a50.0n/an/an/an/an/an/a22,96227,32626,88226,76225,966
Other liabilities46,93641,83541,20644,01841,00241,19643,69042,5639,44310,8758,2838,1608,353
Total liabilities and equity51,91346,74645,54748,27546,10047,35248,71949,41639,38146,35142,93342,74742,172
Owned
Fixed assets6,8656,4816,3976,8315,9015,2694,9231,4751,5321,9131,9362,1812,190
Goodwill2,4842,4472,4492,4722,4532,5381,8383,2103,3223,6143,5843,6173,606
Intangible assets8508107877927888067721,2071,1291,2921,2211,0861,061
Loans21,47219,00118,66219,79519,16719,428n/an/an/an/an/an/an/a
Cash and equivalents5,1635,3845,0175,4305,0314,8758,7855,0444,3764,3223,1912,5781,868
Inventory7,0085,6905,6096,4526,7267,0826,0224,2164,8115,5454,7764,6515,171
Other assets8,0716,9336,6266,5036,0347,35426,37934,26424,21129,66528,22528,63428,276
Total assets51,91346,74645,54748,27546,10047,35248,71949,41639,38146,35142,93342,74742,172
Filing20-F20-F20-F20-F20-F20-F20-F20-F10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-3.5%4.1%-8.4%0.6%
Profit growth, compounded7.3%n/a-36.9%-62.2%
Return on equity, average14.0%21.1%16.9%6.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
All 41 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$695.7 billion64.8849.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$401.1 billion55.6658.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$164.9 billion43.1918.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$94.0 billion26.7826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.4 billion24.00110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.4 billion38.509.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.3 billion32.109.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$26.6 billion44.8615.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7714.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
1 company shares its SEC industry code (Construction Machinery & Equip); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20263 August 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20254 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20246 May 2024EDGAR

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