OakChart

CNH Industrial NV

CNHIndustrials·Farm & Heavy Construction Machinery·United Kingdom·Large·NYSE·Nov 11 • 10:05 AM ET

12.44+0.18 (1.49%)
2026-11-11 16:05 CET
Market cap
15,174.57 USD m
Revenue, TTM
18,145.00 USD m
Net income, TTM
261.00 USD m
Free cash flow, TTM
629.00 USD m
EPS diluted, TTM
0.21
P/E
59.25
Compare

Price

CNH against its 20, 50 and 200-day averages
2050200beatmiss
10.0012.0014.0051.6M103.2MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CNHclose 12.4420-day 11.6550-day 12.58200-day 11.3712.44

13.9% under 14.46 on 4 Sep 2026. Last 15 sessions, 23.4% high to low

Profile

CNH
52-week range, 62% of the way up
9.1214.46

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services. The Agriculture segment designs, manufactures, and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements and material handling equipment. The Construction segment comprises of a full line of construction equipment including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders. The Financial Services segment offers retail note and lease financing to end-use customers for the purchase of new and used agricultural and construction equipment and components. The company was founded in 1866 and is headquartered in Basildon, the United Kingdom.

IndexRUI
Employees34197
IPOSep 30, 2013
Beta1.22
ATR, 14d0.59
Rel volume0.36
Short float5.54%
Insider own29.95%
Inst own75.14%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap15.37B
Enterprise Value39.04B
Income261.00M
Sales18.14B
Book/sh6.30
Cash/sh1.80
Dividend Est.0.13 (1.04%)
Dividend TTM0.10 (0.80%)
Dividend Ex-DateMay 21, 2026
Dividend Gr. 3/5Y-37.00% -5.11%
Payout24.53%
Employees34197
IPOSep 30, 2013

Ratios

P/E59.25
Forward P/E18.68
PEG0.98
P/S0.85
P/B1.97
P/C6.91
P/FCF24.44
EV/EBITDA12.08
EV/Sales2.15
Quick Ratio6.42
Current Ratio7.74
Debt/Eq3.31
LT Debt/Eq3.31
Option/ShortYes / Yes

Earnings

EPS (ttm)0.21
EPS next Y0.67
EPS next Q0.18
EPS this Y-15.23%
EPS next Y42.91%
EPS next 5Y19.14%
EPS past 3/5Y-35.07% -
Sales past 3/5Y-8.40% -7.02%
EPS Y/Y TTM-55.96%
Sales Y/Y TTM1.82%
EPS Q/Q-62.07%
Sales Q/Q-0.95%
EarningsNov 09 BMO
EPS/Sales Surpr.67.01% -3.62%

Ownership

Insider Own29.95%
Insider Trans0.00%
Inst Own75.14%
Inst Trans3.12%
ROA0.62%
ROE3.36%
ROIC0.78%
Gross Margin30.35%
Oper. Margin14.15%
Profit Margin1.44%
SMA206.84%
SMA50-1.05%
SMA2009.48%
Trades-

Technical

Shs Outstand1.24B
Shs Float867.01M
Short Float5.54%
Short Ratio2.52
Short Interest48.02M
52W High14.46 -13.95%
52W Low9.12 36.44%
Volatility6.26% 4.54%
ATR (14)0.59
RSI (14)55.89
Beta1.22
Rel Volume0.36
Avg Volume19.03M
Volume925,413

Performance

Perf Week6.26%
Perf Month2.24%
Perf Quarter19.76%
Perf Half Y15.64%
Perf YTD34.96%
Perf Year25.94%
Perf 3Y24.93%
Perf 5Y-22.45%
Perf 10Y79.33%
Recom1.95
Target Price14.37
Prev Close12.26
Price12.44
Change %1.49%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 02, 2026UpgradeEEvercore ISIIn-line → Outperform$18+44.7%
Aug 31, 2026UpgradeRRobert W. BairdNeutral → Outperform$15+20.5%
May 11, 2026DowngradeGGoldmanBuy → Neutral$10.50-15.6%
May 07, 2026InitiatedBBernsteinMkt Perform$11-11.6%
Jan 14, 2026UpgradeGGoldmanNeutral → Buy$13+4.5%
Nov 28, 2025DowngradeJJP MorganNeutral → Underweight$10-19.6%
Jul 16, 2025DowngradeGGoldmanBuy → Neutral$11.50-7.6%
Apr 11, 2025UpgradeNNorthland CapitalMarket Perform → Outperform$18+44.7%
Mar 03, 2025DowngradeRRobert W. BairdOutperform → Neutral$16 → $15+20.5%
Jan 28, 2025UpgradeOOppenheimerPerform → Outperform$16+28.6%

Peers

Mkt cap
TickerCompanyMkt cap
AGCOAGCO Corp7.79B
DEDeere & Co185.97B
CATCaterpillar Inc272.04B
OSKOshkosh Corp8.51B
TEXTerex Corp6.41B
LNNLindsay Corp1.11B
ALGAlamo Group Inc1.73B
TWITitan International Inc330.14M
MTWManitowoc Co Inc882.46M
TITNTitan Machinery Inc572.79M

Insider trading

4 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Tutino Francesco Vincenzo MariChief Human Resources OfficerMay 04 '26Sale10.1348,385490,08771,926May 05 06:30 PM
FRANCESCO VINCENZO MARIA TUTINOfficerMay 04 '26Proposed Sale10.1348,385490,087May 04 04:54 PM
Heywood SuzanneDirectorNov 18 '25Buy9.5252,522500,009619,427Nov 19 03:12 PM
Buffett Howard W.DirectorNov 12 '25Buy10.294,10042,20933,403Nov 13 11:59 AM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
DFATU.S. Targeted Value Portfolio-ETF Class Shares-
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
VXFVanguard Extended Market Index ETFAUM: 30.47B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.22B
SPMDState Street SPDR Portfolio S&P 400TM Mid Cap ETFAUM: 18.90B
IJJiShares S&P Mid-Cap 400 Value ETFAUM: 8.81B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B

News

latest 14 of 206
  • CNH to sell 70% stake in construction equipment business to Kobelco (World Construction Network)
  • CNH: Q3 Earnings Snapshot (Associated Press) +10.90%
  • CNH Industrial N.V. Reports Third Quarter 2026 Results (GlobeNewswire)
  • CNH Announces Agreement to Form a Joint Venture by Selling a 70% Interest in its Construction Equipment Business to Kobelco Construction Machinery (GlobeNewswire)
  • CNH Must Show Margins Can Lift Profits On Flat Sales Before Its Raised Outlook (Earnings Whispers)
  • Loading…
  • CNH to announce 2026 Q3 results on November 9 (GlobeNewswire)
  • Farm equipment stocks fall on regulatory probe and falling crop prices (Investing.com) -6.10%
  • CNH equipment helps Thai rice farmer replace stubble burning (GlobeNewswire)
  • Caterpillar Leads Dow Slide in Steepest Drop Since July (The Wall Street Journal) -6.10%
  • DE, CNH, CAT, AGCO Stocks Slump - FTC, USDA Inquiry Puts Farm Equipment Market Practices In Focus (Stocktwits)
  • Deere, peer stocks slide as FTC and USDA launch agricultural equipment inquiry (Investing.com)
  • Pricing of CNH Industrial Capital Canada Ltd. Cdn$200 million notes due 2028 and Cdn$350 million notes due 2030 (GlobeNewswire)
  • Bear of the Day: AGCO (AGCO) (Zacks)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-090.1600.0960.0204,3544,51716
2026Q22026-08-030.1300.1040.1114,8034,77217
2026Q12026-04-300.0100.0040.0063,8263,80116
2025Q42026-02-170.1900.1080.0695,1574,95716
2025Q32025-11-070.0800.1310.0644,3994,25617
2025Q22025-08-010.1700.1420.1704,7114,49216
2025Q12025-05-010.1000.0910.1053,8283,75115
2024Q42025-02-040.1500.1830.1394,8764,86817
2024Q32024-11-070.2400.2750.2444,6544,78917
2024Q22024-07-310.3800.3700.3445,4885,24616
2024Q12024-05-020.3300.2670.3154,1314,41115
2023Q42024-02-140.4200.4210.4626,7926,50515
2023Q32023-11-070.4200.4270.4205,3325,96811
2023Q22023-07-280.5200.4810.5216,5676,41514
2023Q12023-05-050.3500.3190.3554,7765,063-
2022Q42023-02-020.3600.3510.4356,9435,976-

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.7300.7341.05028,07927,516
2020FY0.2430.120-0.36526,03224,224
2021FY1.2801.2421.26619,49631,720
2022FY1.4601.4681.49023,55122,069
2023FY1.7001.7181.68524,68723,920
2024FY1.0501.0820.98919,83619,422
2025FY0.5500.4690.41018,09517,877
2026FY-0.466--18,208
2027FY-0.665--18,891
2028FY-0.930--20,101
2029FY-0.973--19,878
2030FY-0.640--20,484

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-097305,2105,0185,419
2026Q4S2026-11-057005,1584,9375,318
2026Q4S2026-10-208005,1564,9375,318
2026Q4S2026-10-178015,1564,9375,318
2026Q4S2026-10-128615,1564,9375,318
2026Q4S2026-10-068615,1544,9375,304
2026Q4S2026-08-188615,1514,9375,304
2026Q4S2026-08-068615,1514,9375,304
2026Q4S2026-08-048605,1614,9375,382
2026Q4S2026-08-038605,1574,9375,382
2026Q4S2026-07-228014,9944,7935,382
2026Q4S2026-07-158104,9974,7935,382
2026Q4S2026-07-148114,9974,7935,382
2026Q4S2026-07-068244,9974,7935,382

Estimate history

EPS, annual0.1990.7851.05-0.3651.2661.491.6850.9890.4080.21
Period201720182019202020212022202320242025TTM
EPS, quarterly0.2440.1390.1050.170.0640.0690.0060.1110.024
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual27695297132807926039194942355224694198451809918145
Period201720182019202020212022202320242025TTM
Sales, quarterly465648803830471343985158382648054356
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual1363.5931353.8321350.1321353.911356.0771344.2411290.9381248.0241242.0651235.414
Period201720182019202020212022202320242025MRQ
Shares, quarterly1248.9831248.0241249.4321250.821246.4051242.0651239.9511237.7261235.414
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue18,145.0018,099.0019,845.0024,694.0023,552.0019,494.0026,039.0028,079.0029,713.00
Cost of Goods Sold Incl. D&A12,638.0012,408.0013,332.0016,805.0016,578.0014,098.0021,480.0021,762.0023,229.00
Gross Profit5,507.005,691.006,513.007,889.006,974.005,396.004,559.006,317.006,484.00
Selling, General and Administrative Excl. Other2,939.002,901.002,636.002,904.002,618.002,096.003,087.003,246.003,412.00
Research and Development1,027.001,025.00924.001,041.00866.00642.00932.001,030.001,061.00
Other Operating Expense0.000.000.000.000.000.00-266.00-250.00-256.00
Operating Income2,568.002,790.003,877.004,985.004,356.003,300.001,738.003,321.003,328.00
Interest Expense1,429.001,550.001,605.001,309.00660.00505.00704.00794.00786.00
Unusual Expense432.00229.00148.00176.00151.0093.00542.00426.0019.00
Net Income Before Taxes544.00620.001,457.002,703.002,682.001,939.00-505.001,170.001,466.00
Income Taxes311.00184.00336.00594.00747.00229.00-50.00-271.00417.00
Consolidated Net Income275.00505.001,259.002,287.002,039.001,801.00-438.001,454.001,099.00
Net Income From Continuing Operations261.00510.001,246.002,275.002,029.001,764.00-493.001,422.001,068.00
Net Income261.00510.001,246.002,275.002,029.001,723.00-493.001,422.001,068.00
EPS (Recurring)0.450.541.071.781.571.31-0.081.270.79
EPS (Basic, Before Extraordinaries)0.210.410.991.711.501.27-0.361.050.79
EPS (Diluted)0.210.410.991.691.491.27-0.361.050.78
EBITDA3,231.003,419.004,482.005,549.004,891.003,836.002,910.004,536.004,665.00
Non-Operating Income (Expense)-163.00-391.00-667.00-797.00-863.00-763.00-997.00-931.00-1,057.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense14.2219.7515.0199.0076.0093.0034.0030.0032.00
Price To Earnings Ratio58.3858.388.317.0412.5115.33-10.4511.79
Price To Sales Ratio0.880.640.720.670.931.360.670.530.42
Gross Margin30.3531.4432.8231.9529.6127.6817.5122.5021.82
Operating Margin14.1515.4219.5420.1918.5016.936.6711.8311.20
Net Margin1.442.826.289.218.618.84-1.895.063.59
Shares Outstanding1,235.411,242.061,248.021,290.941,344.241,356.081,353.911,350.131,353.83
Market Capitalization15,174.5715,174.5714,150.9416,205.2521,592.3526,313.8517,351.0814,864.6312,468.68

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue4,356.004,805.003,826.005,158.004,398.004,713.003,830.004,880.00
Cost of Goods Sold Incl. D&A2,909.003,437.002,653.003,639.002,979.003,197.002,561.003,331.00
Gross Profit1,447.001,368.001,173.001,519.001,419.001,516.001,269.001,549.00
Selling, General and Administrative Excl. Other713.00724.00697.00805.00830.00696.00570.00652.00
Research and Development223.00230.00232.00342.00281.00218.00184.00238.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income734.00644.00476.00714.00589.00820.00699.00897.00
Interest Expense297.00374.00373.00385.00398.00376.00391.00382.00
Unusual Expense102.0058.0060.00212.004.00-15.00-31.0053.00
Net Income Before Taxes227.00172.0013.00132.0051.00275.00162.00241.00
Income Taxes204.0043.004.0060.001.0076.0047.0089.00
Consolidated Net Income35.00141.0010.0089.0067.00217.00132.00176.00
Net Income From Continuing Operations30.00138.007.0086.0080.00213.00131.00173.00
Net Income30.00138.007.0086.0080.00213.00131.00173.00
EPS (Recurring)0.080.140.040.190.070.160.090.17
EPS (Basic, Before Extraordinaries)0.020.110.010.070.060.170.100.14
EPS (Diluted)0.020.110.010.070.060.170.100.14
EBITDA901.00810.00642.00878.00748.00976.00849.001,048.00
Non-Operating Income (Expense)-108.00-40.00-30.0015.00-136.00-184.00-177.00-221.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense7.115.53-0.792.3710.005.533.950.79
Price To Earnings Ratio58.3836.4127.0019.3316.5115.6011.808.31
Price To Sales Ratio0.880.770.760.640.760.900.820.72
Gross Margin33.2228.4730.6629.4532.2632.1733.1331.74
Operating Margin16.8513.4012.4413.8413.3917.4018.2518.38
Net Margin0.692.870.181.671.824.523.423.55
Shares Outstanding1,235.411,237.731,239.951,242.061,246.401,250.821,249.431,248.02
Market Capitalization15,174.5713,924.6413,650.4511,491.8113,571.4016,192.6115,325.9314,150.94

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments3,229.003,866.005,045.005,129.005,845.009,629.005,773.005,803.006,200.00
Short Term Receivables23,526.0023,378.0024,762.0019,730.0015,568.0018,963.0019,844.0019,566.0020,291.00
Inventories4,651.004,776.005,545.004,811.004,216.006,022.007,082.006,726.006,452.00
Total Current Assets31,406.0032,020.0035,352.0029,670.0025,629.0034,614.0032,699.0032,095.0032,943.00
Net Property, Plant & Equipment3,772.003,402.003,330.003,034.003,213.007,160.007,576.007,675.008,676.00
Total Investments and Advances579.00686.00615.00574.00515.001,081.00704.00624.00638.00
Intangible Assets4,703.004,805.004,906.004,451.004,417.002,696.003,344.003,241.003,264.00
Deferred Tax Assets1,207.00927.00979.00433.00421.001,451.001,134.00591.00852.00
Other Assets1,080.001,093.001,085.001,219.0015,221.001,717.001,895.001,874.001,925.00
Total Assets42,747.0042,933.0046,267.0039,381.0049,416.0048,719.0047,352.0046,100.0048,298.00
Short Term Debt Incl. Current Port. of LT Debt89.0086.000.009,807.000.0011,675.0010,599.0010,447.000.00
Accounts Payable2,338.002,354.003,757.003,858.004,032.006,357.005,632.005,889.006,060.00
Income Tax Payable323.00243.00704.00506.00671.00654.00696.00685.00765.00
Other Current Liabilities1,302.001,293.001,470.001,235.001,105.001,353.001,201.001,289.001,362.00
Total Current Liabilities4,052.003,976.005,931.0015,406.005,808.0020,039.0018,128.0018,310.008,187.00
Long Term Debt26,945.0027,078.0027,626.0013,383.0021,093.0014,831.0014,704.0013,998.0025,895.00
Provision for Risks Charges1,441.001,445.001,471.001,302.001,427.003,409.003,218.003,114.004,020.00
Deferred Tax Liabilities17.0028.0035.0085.00125.00112.00172.00114.0094.00
Other Liabilities2,467.002,638.003,054.002,229.0014,110.005,299.004,974.005,466.005,845.00
Total Liabilities34,922.0035,165.0038,117.0032,405.0042,563.0043,690.0041,196.0041,002.0044,041.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity7,730.007,651.008,030.006,927.006,778.004,907.006,081.005,043.004,224.00
Total Shareholders Equity7,730.007,651.008,030.006,927.006,778.004,907.006,081.005,043.004,224.00
Accumulated Minority Interest95.00117.00120.0049.0075.00122.0075.0055.0033.00
Total Equity7,825.007,768.008,150.006,976.006,853.005,029.006,156.005,098.004,257.00
Total Liabilities & Stockholders Equity42,747.0042,933.0046,267.0039,381.0049,416.0048,719.0047,352.0046,100.0048,298.00
Book Value Per Share6.226.136.225.155.003.624.503.723.10
Tangible Book Value Per Share2.442.282.421.841.741.632.031.330.70
Full-Time Employees34,19735,85040,22040,07071,89564,01663,49964,62563,356
Price to Book Ratio1.951.852.033.403.893.542.442.474.11
Return on Assets1.192.795.314.573.60-1.033.042.260.58
Return on Equity6.6315.8130.4229.6130.19-8.9725.5722.646.28
Return on Invested Capital1.473.596.389.996.18-2.506.845.610.90
Quick Ratio6.606.855.031.613.691.431.411.393.24
Current Ratio7.758.055.961.934.411.731.801.754.02

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income275.00505.001,259.002,287.002,039.001,801.00-438.001,454.001,099.00
Depreciation663.00629.00605.00564.00535.00537.001,172.001,215.001,337.00
Other Funds (Non Cash)578.00664.00329.0068.0085.00989.001,177.00218.00179.00
Funds from Operations1,426.001,600.002,086.002,384.002,609.003,054.001,647.002,415.002,663.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital385.00938.00-118.00-1,477.00-2,052.001,028.003,882.00-589.00-109.00
Income Taxes Payable----535.00-----
Cash from Operating Activities1,811.002,538.001,968.00907.00557.004,082.005,529.001,826.002,554.00
Capital Expenditures-1,182.00-1,198.00-1,186.00-1,195.00-999.00-921.00-1,850.00-1,962.00-1,902.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.00-
Sale of Fixed Assets and Businesses-7.000.001.0016.0097.0011.003.0061.007.00
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses-6,875.00-7,690.00-8,227.00-8,344.00-6,467.00-8,429.00-4,898.00-4,305.00-4,269.00
Other Sources7,480.007,508.006,640.005,824.004,360.004,338.003,995.004,219.004,244.00
Cash from Investing Activities-584.00-1,380.00-2,772.00-3,699.00-3,009.00-5,001.00-2,750.00-1,987.00-1,920.00
Cash Dividends Paid-140.00-333.00-607.00-538.00-423.00-188.00-8.00-283.00-243.00
Change in Capital Stock-132.00-100.00-702.00-652.00-153.000.000.000.000.00
Repurchase of Common Pref Stock-132.00-100.00-702.00-652.00-153.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,916.00-21.001,658.001,717.001,960.00-1,100.001,495.00272.00-710.00
Change in Long Term Debt-1,916.00-21.001,658.001,717.001,960.00-1,100.001,495.00272.00-710.00
Issuance of Long Term Debt11,966.0012,985.0015,111.009,941.0011,183.007,988.0012,007.0013,197.0016,211.00
Reduction of Long Term Debt-13,882.00-13,006.00-13,453.00-8,224.00-9,223.00-9,088.00-10,512.00-12,925.00-16,921.00
Net Financing Active Other Cash Flow218.00-1,566.00-416.002,071.00580.00-157.00-828.00217.00230.00
Other Financing Activities Uses218.00-1,566.00-416.000.000.00-157.00-828.00-57.00-156.00
Cash from Financing Activities-1,970.00-2,020.00-67.002,598.001,964.00-1,445.00659.00206.00-723.00
Exchange Rate Effect12.00225.00-308.00110.00-228.00-403.00418.00-75.00-308.00
Net Change in Cash-731.00-637.00-1,179.00-84.00-716.00-2,767.003,856.00-30.00-397.00
Free Cash Flow629.001,340.00782.00-288.00-442.003,161.003,679.00-136.00652.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow32.5611.4581.58--8.894.73-30.65
Deferred Taxes & Investment Tax Credit--198.00-107.00-535.00-50.00-273.00-264.00-472.0048.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments2,225.002,464.002,339.003,229.002,956.003,147.00
Short Term Receivables22,708.0022,986.0023,028.0023,526.0023,459.0023,851.00
Inventories5,134.005,171.005,234.004,651.005,353.005,216.00
Total Current Assets30,067.0030,621.0030,601.0031,406.0031,768.0032,214.00
Net Property, Plant & Equipment3,816.003,798.003,787.003,772.003,732.003,704.00
Total Investments and Advances602.00596.00589.00579.00663.00673.00
Intangible Assets4,660.004,667.004,678.004,703.004,800.004,861.00
Deferred Tax Assets1,104.001,291.001,236.001,207.001,018.001,040.00
Other Assets1,203.001,199.001,147.001,080.001,277.001,195.00
Total Assets41,452.0042,172.0042,038.0042,747.0043,258.0043,687.00
Short Term Debt Incl. Current Port. of LT Debt0.000.000.0089.000.00286.00
Accounts Payable2,195.002,490.002,479.002,338.002,277.002,486.00
Income Tax Payable258.00319.00272.00323.00228.00274.00
Other Current Liabilities1,432.001,390.001,379.001,302.001,414.001,270.00
Total Current Liabilities3,885.004,199.004,130.004,052.003,919.004,316.00
Long Term Debt25,796.0026,255.0026,192.0026,945.0027,415.0027,408.00
Provision for Risks Charges1,331.001,379.001,413.001,441.001,509.001,508.00
Deferred Tax Liabilities13.0014.0015.0017.0033.0036.00
Other Liabilities2,540.002,472.002,420.002,467.002,545.002,585.00
Total Liabilities33,565.0034,319.0034,170.0034,922.0035,421.0035,853.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity7,786.007,756.007,772.007,730.007,732.007,713.00
Total Shareholders Equity7,786.007,756.007,772.007,730.007,732.007,713.00
Accumulated Minority Interest101.0097.0096.0095.00105.00121.00
Total Equity7,887.007,853.007,868.007,825.007,837.007,834.00
Total Liabilities & Stockholders Equity41,452.0042,172.0042,038.0042,747.0043,258.0043,687.00
Book Value Per Share6.306.276.276.226.206.17
Tangible Book Value Per Share2.532.502.502.442.352.28
Full-Time Employees---34,197--
Price to Book Ratio1.951.791.771.491.762.07
Return on Assets0.620.720.921.191.371.88
Return on Equity3.364.024.956.637.7710.79
Return on Invested Capital0.090.410.020.250.230.61
Quick Ratio6.426.066.146.606.746.26
Current Ratio7.747.297.417.758.117.46

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income35.00141.0010.0089.0067.00217.00
Depreciation167.00166.00166.00164.00159.00156.00
Other Funds (Non Cash)102.00107.0096.00273.00197.00133.00
Funds from Operations484.00358.00256.00328.00423.00524.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital202.00-213.00-221.00617.00236.00248.00
Income Taxes Payable----39.00-
Cash from Operating Activities686.00145.0035.00945.00659.00772.00
Capital Expenditures-279.00-273.00-218.00-412.00-270.00-252.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.00-7.007.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-1,740.00-1,778.00-1,551.00-1,806.00-1,968.00-2,182.00
Other Sources1,654.002,070.001,823.001,933.001,765.002,092.00
Cash from Investing Activities-365.0019.0054.00-292.00-466.00-342.00
Cash Dividends Paid-2.00-126.00-1.00-11.00-1.00-320.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-25.00-36.00-26.00-45.00-50.000.00
Repurchase of Common Pref Stock-25.00-36.00-26.00-45.00-50.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,010.00280.00-432.00-754.00275.00613.00
Change in Long Term Debt-1,010.00280.00-432.00-754.00275.00613.00
Issuance of Long Term Debt2,393.003,590.003,090.002,893.003,824.003,639.00
Reduction of Long Term Debt-3,403.00-3,310.00-3,522.00-3,647.00-3,549.00-3,026.00
Net Financing Active Other Cash Flow477.00-152.00-531.00424.00-597.00-132.00
Other Financing Activities Uses477.00-152.00-531.00424.00-597.00-132.00
Cash from Financing Activities-560.00-34.00-990.00-386.00-373.00161.00
Exchange Rate Effect0.00-5.0011.006.00-11.00158.00
Net Change in Cash-239.00125.00-890.00273.00-191.00749.00
Free Cash Flow407.00-128.00-183.00533.00389.00520.00
Price to Free Cash Flow32.5629.5314.7811.428.029.02

Revenue breakdown

Agricultural Equipment2024: 14.01B
Agriculture2025: 12.39B
Consolidation, Policy2024: 2.78B 2025: 29.00M
Construction2025: 2.96B
Construction Equipment2024: 3.05B
Financial Services2025: 2.72B
Rest Of World And Other2024: 19.48B 2025: 17.70B
United Kingdom2024: 359.00M 2025: 393.00M
Agriculture2024: 14.01B 2025: 12.39B
Consolidation, Policy2024: 2.00M 2025: 29.00M
Construction2024: 3.05B 2025: 2.96B
Financial Services2024: 2.77B 2025: 2.72B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-305.54%48.0M867.0M19.15M
2026-10-155.54%48.1M867.0M18.42M
2026-09-305.89%51.0M867.0M17.37M
2026-09-156.04%52.4M867.0M16.85M
2026-08-316.96%60.3M867.0M14.42M
2026-08-146.58%57.1M867.7M12.20M
2026-07-317.81%67.8M867.7M11.98M
2026-07-158.73%75.9M869.3M12.63M
2026-06-308.88%77.2M869.3M13.89M
2026-06-157.74%67.2M868.9M15.30M
2026-05-297.12%61.9M869.5M15.60M
2026-05-156.71%58.3M869.5M16.30M
2026-04-305.91%51.4M869.5M16.27M
2026-04-156.71%58.4M870.3M15.47M
2026-03-316.40%55.5M867.0M15.18M
2026-03-135.57%48.3M867.0M12.92M
2026-02-275.33%46.2M867.0M13.15M
2026-02-135.34%46.5M870.8M12.80M
2026-01-305.58%48.7M871.6M12.91M
2026-01-156.90%60.1M871.6M12.88M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.508.4011.109.8513.60222.000.000.973-0.0500.001
call5.005.908.600.008.9300.000.000.961-0.0320.002
call7.503.406.104.705.1052.000.000.915-0.0460.003
call10.001.902.652.521.3477.000.000.853-0.0380.005
call12.500.200.900.601.1741230.000.529-0.0500.008
call15.000.000.050.051.07360.000.000.146-0.0250.005
call17.500.001.650.001.2460.000.000.052-0.0140.002
call20.000.001.650.041.6164.000.000.042-0.0160.002
call22.500.000.150.001.9260.000.000.037-0.0170.002
call25.000.001.650.002.1930.000.000.033-0.0180.001
put2.500.001.650.007.6240.000.00-0.026-0.0500.001
put5.000.001.000.004.4720.000.00-0.051-0.0500.002
put7.500.001.000.052.7612.000.00-0.083-0.0460.003
put10.000.000.250.041.5025090.00-0.147-0.0370.005
put12.500.150.900.601.12216.000.00-0.471-0.0490.008
put15.002.103.302.601.97812.000.00-0.925-0.0110.003
put17.503.906.606.602.8620.000.00-0.891-0.0290.004
put20.006.409.108.793.3791.000.00-0.908-0.0320.003
put22.508.9011.600.003.8040.000.00-0.918-0.0340.003
put25.0011.6013.9013.704.1660.000.00-0.925-0.0360.003

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-098-KCurrent report2026-11-09SEC
2026-11-098-KCurrent report2026-11-09SEC
2026-10-27SCHEDULE 13G/ASEC
2026-08-0310-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-038-KCurrent report2026-08-03SEC
2026-07-288-KCurrent report2026-07-28SEC
2026-05-28SDSpecialized Disclosure ReportSEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-183Initial statement of beneficial ownership of securities2026-05-08SEC
2026-05-183Initial statement of beneficial ownership of securities2026-05-08SEC
2026-05-15SCHEDULE 13G/ASEC
2026-05-144Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-11SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-11SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-11SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-0500490.09K1
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-11700.23K400

Institutional holders

Manager% owned
BlackRock, Inc.7.87%
HARRIS ASSOCIATES L P4.76%
FRANKLIN RESOURCES INC4.28%
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC3.96%
STATE STREET CORP3.19%
VANGUARD PORTFOLIO MANAGEMENT LLC3.06%
VANGUARD CAPITAL MANAGEMENT LLC3.01%
DIMENSIONAL FUND ADVISORS LP2.91%
Bank of New York Mellon Corp2.74%
Artisan Partners Limited Partnership2.40%

Funds

Fund% owned
iShares Core S&P Mid-Cap ETF2.43%
VANGUARD WINDSOR II FUND2.25%
Baird Core Plus Bond Fund2.11%
VANGUARD TOTAL STOCK MARKET INDEX FUND2.07%
Oakmark International Fund1.98%
Baird Aggregate Bond Fund1.91%
Artisan International Value Fund1.87%
VANGUARD SMALL-CAP INDEX FUND1.49%
Tweedy, Browne International Value Fund1.02%
VANGUARD SMALL-CAP VALUE INDEX FUND0.94%

OakChart. CNH. Cached 15 minutes.