CNH Industrial
Builds agricultural and construction equipment with integrated precision and automation technology.
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Profile
Designs agricultural and construction equipment under Case IH, New Holland and other inherited brands. The business centers on off-highway machinery, while acquired precision technologies add guidance, sensing, automation and autonomy across distinct customer brands that share platforms and research capabilities.
Designs and manufactures agricultural and construction equipment through Case IH, New Holland and other inherited brands. Since the Iveco demerger, operations have centered on off-highway machines, with precision guidance, sensing, automation and autonomy increasingly built into the portfolio.
Combines distinct customer-facing brands with shared manufacturing platforms and research capabilities. Acquisitions brought more precision-agriculture hardware, software, machine vision and satellite-positioning technology in-house.
Operates from a UK principal office, is incorporated in the Netherlands and trades solely in New York. Built through successive combinations of machinery businesses, the group retains Exor as its largest shareholder and depends on maintaining separate brand identities over common platforms and technology infrastructure.
Company facts
Key statistics
Year to date +24.9% · Average volume (30d) 15.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | BMO Capital | Reiterate | Market Perform | $11 | $12 | |
| May 11, 2026 | Evercore ISI | Target | $12.25 | |||
| May 11, 2026 | Goldman Sachs | Downgrade | Buy | Neutral | ||
| May 10, 2026 | Industrial Alliance Securities | Target | $13 | $10.50 | ||
| May 1, 2026 | Truist Financial | Target | $12 | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.10 | $0.13 | +24.5% | $4.77B | $4.80B | +0.7% | +5.37% |
| Apr 30, 2026Q1 FY26 | $0.01 | $0.01 | 0.0% | $3.80B | $3.83B | +0.6% | −2.15% |
| Feb 17, 2026Q4 FY25 | $0.11 | $0.19 | +72.7% | $4.96B | $5.16B | +4.0% | −3.21% |
| Nov 7, 2025Q3 FY25 | $0.13 | $0.08 | −38.9% | $4.26B | $4.40B | +3.4% | −0.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.83B | $4.71B | $4.40B | $5.16B | $3.83B | $4.80B | |
| Gross profit | $1.27B | $1.52B | $1.42B | $1.52B | $1.22B | $1.41B | |
| Operating income | $699.0M | $823.0M | $589.0M | $714.0M | $524.0M | $656.0M | |
| Net income | $131.0M | $213.0M | $80.0M | $86.0M | $7.0M | $138.0M | |
| Diluted EPS | $0.10 | $0.17 | $0.06 | $0.07 | $0.01 | $0.11 | |
| Gross margin | 33.1% | 32.2% | 32.3% | 29.4% | 31.9% | 29.3% | |
| Operating margin | 18.3% | 17.5% | 13.4% | 13.8% | 13.7% | 13.7% |
Fiscal years (4-quarter sums)FY21 $26.83B · FY22 $23.55B · FY23 $24.69B · FY24 $19.84B · FY25 $18.10B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $2.32B · Total debt $26.26B · Total assets $42.17B · Shareholders' equity $7.76B
Dividends
Last cut to $0.10 from $0.25 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 21, 2026 | May 21 | May 29 | $0.10 | cut from $0.25 |
| May 21, 2025 | May 21 | May 30 | $0.25 | cut from $0.47 |
| May 10, 2024 | May 13 | May 29 | $0.47 | raised from $0.396 |
| Apr 24, 2023 | Apr 25 | May 3 | $0.396 | raised from $0.3021 |
| Apr 19, 2022 | Apr 20 | May 4 | $0.3021 |
Ownership
Shares outstanding 1.24B · Float 867.70M · 70.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 98.25M | 7.90% | 13G | Apr 23, 2025 |
| Oddone Incisa · officer: Chief Financial Officer | 856.6K | 0.07% | Form 4 | May 12, 2025 |
| Gerrit A. Marx · director, officer: See Remarks | 661.9K | 0.05% | Form 4 | Mar 3, 2026 |
| Suzanne Heywood · director | 633.4K | 0.05% | Form 4 | May 5, 2026 |
| Stefano Pampalone · officer: See Remarks | 449.1K | 0.04% | Form 4 | May 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 4, 2026 | Francesco Vincenzo Maria Tutino | officer: Chief Human Resources Officer | −48,385 | $10.13 |
| Nov 18, 2025 | Suzanne Heywood | director | +52,522 | $9.52 |
| Nov 11, 2025 | Howard W. Buffett | director | +6,000 | $9.68 |
| Nov 12, 2025 | Howard W. Buffett | director | +4,100 | $10.29 |
| Nov 11, 2025 | Vagn O. Sorensen | director | +10,385 | $9.62 |
Peers
- Deere & Company
Broad rival in farm machinery, precision agriculture, and construction
- AGCO
Direct farm-machinery and mixed-fleet precision-agriculture rival
- Caterpillar
Global construction-equipment rival across earthmoving and compact machines
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CNH Industrial | $11.68 | 0.00% | $14.48B | 47.0 | 21.1 | 0.8 | +2.0% |
| Deere & Company | $630.06 | −0.02% | $170.15B | 35.0 | 30.2 | 3.6 | +7.0% |
| AGCO | $114.70 | +1.16% | $7.94B | 15.7 | 17.5 | 0.8 | −1.0% |
| Caterpillar | $799.82 | −0.02% | $368.62B | 34.4 | 27.8 | 4.9 | +24.0% |
| Median | 34.4 | 27.8 | 3.6 | +7.0% |