CNH Industrial N.V. (CNH) 10-Year Financial Performance & Capital Metrics

CNH • • Industrial / General

IndustrialsAgricultural MachineryAgricultural Machinery & EquipmentMajor Agricultural Equipment Manufacturers

AboutCNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations worldwide. CNH’s finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.Show more

Revenue $19.84B -19.7%
EBITDA $4.46B -19.1%
Net Income $1.25B -45.2%
EPS (Diluted) 0.99 -41.4%
Gross Margin 32.7% +2.8%
EBITDA Margin 22.46% +0.6%
Operating Margin 19.41% -3.1%
Net Margin 6.28% -31.8%
ROE 15.66% -48.0%
ROIC 9.35% -29.7%
Debt/Equity 3.50 +3.2%
Interest Coverage 2.39 -35.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 25.0%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.5%
✓Share count reduced 6.7% through buybacks

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Sales declining 6.7% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-6.71%

3Y0.58%

TTM-18.1%

Profit (Net Income) CAGR

10Y-

5Y-2.61%

3Y-10.24%

TTM-64.65%

EPS CAGR

10Y-

5Y-1.17%

3Y-7.97%

TTM-64.66%

ROCE

10Y Avg10.53%

5Y Avg11.6%

3Y Avg13.58%

Latest9.71%

Peer Comparison

Major Agricultural Equipment Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DEDeere & Company	139.61B	515.04	27.84	-9.57%	11.18%	19.33%	2.31%	2.46
CNHCNH Industrial N.V.	13.49B	10.82	10.93	-19.65%	3.35%	7.62%	5.8%	3.50
AGCOAGCO Corporation	8.45B	113.27	-19.91	-19.08%	3.73%	7.83%	3.51%	0.69

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	24.82B	27.7B	29.71B	28.08B	14.78B	19.49B	23.55B	24.69B	19.84B
Revenue Growth %	-	0.12%	0.07%	-0.05%	-0.47%	0.32%	0.21%	0.05%	-0.2%
Cost of Goods Sold+	19.78B	21.83B	23.23B	21.76B	11.15B	14.1B	16.58B	16.84B	13.35B
COGS % of Revenue	0.8%	0.79%	0.78%	0.78%	0.75%	0.72%	0.7%	0.68%	0.67%
Gross Profit+	5.04B	5.87B	6.48B	6.32B	3.63B	5.4B	6.97B	7.85B	6.49B
Gross Margin %	0.2%	0.21%	0.22%	0.22%	0.25%	0.28%	0.3%	0.32%	0.33%
Gross Profit Growth %	-	0.16%	0.11%	-0.03%	-0.43%	0.49%	0.29%	0.13%	-0.17%
Operating Expenses+	3.12B	2.97B	3.16B	3B	1.79B	2.1B	2.62B	2.9B	2.64B
OpEx % of Revenue	0.13%	0.11%	0.11%	0.11%	0.12%	0.11%	0.11%	0.12%	0.13%
Selling, General & Admin	2.26B	2.31B	2.35B	2.22B	1.3B	1.45B	1.75B	1.86B	1.71B
SG&A % of Revenue	0.09%	0.08%	0.08%	0.08%	0.09%	0.07%	0.07%	0.08%	0.09%
Research & Development	860M	957M	1.06B	1.03B	493M	642M	866M	1.04B	924M
R&D % of Revenue	0.03%	0.03%	0.04%	0.04%	0.03%	0.03%	0.04%	0.04%	0.05%
Other Operating Expenses	0	-305M	-256M	-250M	0	0	0	0	0
Operating Income+	1.92B	2.9B	3.33B	3.32B	1.84B	3.3B	4.36B	4.95B	3.85B
Operating Margin %	0.08%	0.1%	0.11%	0.12%	0.12%	0.17%	0.18%	0.2%	0.19%
Operating Income Growth %	-	0.51%	0.15%	-0%	-0.45%	0.8%	0.32%	0.14%	-0.22%
EBITDA+	3.18B	4.25B	4.67B	4.54B	2.38B	3.84B	4.89B	5.51B	4.46B
EBITDA Margin %	0.13%	0.15%	0.16%	0.16%	0.16%	0.2%	0.21%	0.22%	0.22%
EBITDA Growth %	-	0.34%	0.1%	-0.03%	-0.48%	0.61%	0.28%	0.13%	-0.19%
D&A (Non-Cash Add-back)	1.26B	1.35B	1.34B	1.22B	538M	536M	535M	564M	605M
EBIT	1.01B	1.6B	2.28B	1.97B	481M	2.44B	3.34B	4.05B	3.07B
Net Interest Income+	-1.03B	-940M	-812M	-798M	-660M	-549M	-734M	-1.34B	-1.61B
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	1.02B	884M	812M	798M	660M	549M	734M	1.34B	1.61B
Other Income/Expense	-1.88B	-2.2B	-1.87B	0	-1.95B	-1.27B	-1.57B	-2.06B	-2.25B
Pretax Income+	-9M	659M	1.47B	1.17B	-113M	2.03B	2.79B	2.88B	1.59B
Pretax Margin %	-0%	0.02%	0.05%	0.04%	-0.01%	0.1%	0.12%	0.12%	0.08%
Income Tax+	298M	457M	417M	-271M	85M	229M	747M	594M	336M
Effective Tax Rate %	28%	0.41%	0.73%	1.22%	4.36%	0.85%	0.73%	0.79%	0.78%
Net Income+	-252M	272M	1.07B	1.42B	-493M	1.72B	2.03B	2.27B	1.25B
Net Margin %	-0.01%	0.01%	0.04%	0.05%	-0.03%	0.09%	0.09%	0.09%	0.06%
Net Income Growth %	-	2.08%	2.93%	0.33%	-1.35%	4.49%	0.18%	0.12%	-0.45%
Net Income (Continuing)	-307M	290M	1.1B	1.44B	-198M	1.8B	2.04B	2.29B	1.26B
Discontinued Operations	-12M	0	0	0	-240M	-132M	0	0	0
Minority Interest	28M	33M	55M	75M	122M	75M	49M	120M	117M
EPS (Diluted)+	-0.19	0.20	0.78	1.05	-0.36	1.27	1.49	1.69	0.99
EPS Growth %	-	2.05%	2.9%	0.35%	-1.34%	4.53%	0.17%	0.13%	-0.41%
EPS (Basic)	-0.19	0.20	0.79	1.05	-0.36	1.27	1.50	1.71	0.99
Diluted Shares Outstanding	1.36B	1.37B	1.36B	1.35B	1.37B	1.36B	1.36B	1.35B	1.26B
Basic Shares Outstanding	1.36B	1.36B	1.36B	1.35B	1.37B	1.35B	1.35B	1.33B	1.25B
Dividend Payout Ratio	-	0.62%	0.23%	0.2%	-	0.11%	0.21%	0.24%	0.49%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	30.75B	32.94B	32.09B	32.7B	34.61B	39.17B	29.67B	35.35B	32.02B
Cash & Short-Term Investments	5.85B	6.2B	5.8B	5.77B	9.63B	5.04B	5.13B	5.04B	3.87B
Cash Only	5.85B	6.2B	5.8B	5.77B	9.63B	5.04B	5.13B	5.04B	3.87B
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	19.29B	20.29B	19.57B	19.84B	18.96B	15.57B	19.73B	24.76B	23.38B
Days Sales Outstanding	283.64	267.42	240.35	257.95	468.33	291.49	305.77	366.11	430.18
Inventory	5.61B	6.45B	6.73B	7.08B	6.02B	4.22B	4.81B	5.54B	4.78B
Days Inventory Outstanding	103.52	107.88	105.69	118.78	197.1	109.15	105.92	120.2	130.58
Other Current Assets	0	0	0	0	0	14.35B	0	0	0
Total Non-Current Assets+	14.8B	15.36B	14.01B	14.65B	14.11B	10.24B	9.71B	10.91B	10.91B
Property, Plant & Equipment	8.3B	8.68B	7.67B	7.58B	7.16B	3.21B	3.03B	3.33B	3.4B
Fixed Asset Turnover	2.99x	3.19x	3.87x	3.71x	2.06x	6.07x	7.76x	7.41x	5.83x
Goodwill	2.45B	2.47B	2.45B	2.54B	1.92B	3.21B	3.32B	3.61B	3.58B
Intangible Assets	787M	792M	788M	806M	772M	1.21B	1.13B	1.29B	1.22B
Long-Term Investments	582M	638M	624M	704M	1.08B	333M	574M	615M	686M
Other Non-Current Assets	1.74B	1.93B	1.87B	1.9B	1.72B	1.86B	1.22B	1.08B	1.09B
Total Assets+	45.55B	48.3B	46.1B	47.35B	48.72B	49.42B	39.38B	46.27B	42.93B
Asset Turnover	0.54x	0.57x	0.64x	0.59x	0.30x	0.39x	0.60x	0.53x	0.46x
Asset Growth %	-	0.06%	-0.05%	0.03%	0.03%	0.01%	-0.2%	0.17%	-0.07%
Total Current Liabilities+	17.45B	8.19B	18.31B	18.13B	20.04B	17.72B	15.41B	5.93B	3.98B
Accounts Payable	5.18B	6.06B	5.89B	5.63B	6.36B	3.53B	3.86B	3.76B	2.35B
Days Payables Outstanding	95.7	101.32	92.53	94.46	208.06	91.39	84.94	81.44	64.36
Short-Term Debt	10.28B	0	10.45B	10.6B	11.68B	10.06B	9.81B	0	86M
Deferred Revenue (Current)	0	0	0	0	0	1000K	0	0	0
Other Current Liabilities	634M	610M	609M	639M	672M	2.38B	700M	946M	917M
Current Ratio	1.76x	4.02x	1.75x	1.80x	1.73x	2.21x	1.93x	5.96x	8.05x
Quick Ratio	1.44x	3.24x	1.39x	1.41x	1.43x	1.97x	1.61x	5.03x	6.85x
Cash Conversion Cycle	291.46	273.97	253.5	282.27	457.37	309.25	326.75	404.87	496.4
Total Non-Current Liabilities+	23.63B	35.85B	22.69B	23.07B	23.65B	24.84B	17B	32.19B	31.19B
Long-Term Debt	14.95B	25.89B	14B	14.38B	14.51B	20.9B	13.22B	27.33B	26.88B
Capital Lease Obligations	48M	0	2M	323M	320M	196M	165M	300M	196M
Deferred Tax Liabilities	84M	94M	114M	172M	112M	125M	85M	35M	28M
Other Non-Current Liabilities	8.55B	8.37B	7.21B	6.96B	7.33B	3.63B	3.5B	4.47B	4.01B
Total Liabilities	41.08B	44.04B	41B	41.2B	43.69B	42.56B	32.41B	38.12B	35.16B
Total Debt+	25.28B	25.89B	24.45B	25.3B	26.51B	31.16B	23.19B	27.63B	27.16B
Net Debt	19.42B	19.7B	18.64B	19.53B	16.88B	26.11B	18.06B	22.58B	23.3B
Debt / Equity	5.65x	6.08x	4.80x	4.11x	5.27x	4.55x	3.32x	3.39x	3.50x
Debt / EBITDA	7.95x	6.10x	5.24x	5.58x	11.16x	8.12x	4.74x	5.01x	6.10x
Net Debt / EBITDA	6.11x	4.64x	4.00x	4.31x	7.10x	6.81x	3.69x	4.10x	5.23x
Interest Coverage	1.87x	3.28x	4.10x	4.16x	2.78x	6.01x	5.93x	3.68x	2.39x
Total Equity+	4.47B	4.26B	5.1B	6.16B	5.03B	6.85B	6.98B	8.15B	7.77B
Equity Growth %	-	-0.05%	0.2%	0.21%	-0.18%	0.36%	0.02%	0.17%	-0.05%
Book Value per Share	3.28	3.11	3.75	4.55	3.67	5.04	5.12	6.04	6.17
Total Shareholders' Equity	4.44B	4.22B	5.04B	6.08B	4.91B	6.78B	6.93B	8.03B	7.65B
Common Stock	25M	25M	25M	25M	25M	25M	25M	25M	25M
Retained Earnings	1.79B	1.76B	2.6B	3.81B	3.28B	4.82B	7.91B	9.65B	10.31B
Treasury Stock	-9M	-10M	-128M	-154M	-109M	-84M	-230M	-865M	-1.39B
Accumulated OCI	-1.77B	-1.97B	-1.86B	-2B	-2.68B	-2.44B	-2.28B	-2.36B	-2.71B
Minority Interest	28M	33M	55M	75M	122M	75M	49M	120M	117M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.73B	2.87B	2.55B	1.83B	5.53B	4.08B	557M	907M	1.97B
Operating CF Margin %	0.11%	0.1%	0.09%	0.07%	0.37%	0.21%	0.02%	0.04%	0.1%
Operating CF Growth %	-	0.05%	-0.11%	-0.29%	2.03%	-0.26%	-0.86%	0.63%	1.17%
Net Income	-261M	290M	1.1B	1.45B	-198M	1.8B	2.04B	2.29B	1.26B
Depreciation & Amortization	1.26B	1.35B	1.34B	1.22B	538M	537M	535M	564M	605M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	263M	300M	179M	218M	2.39B	989M	85M	68M	329M
Working Capital Changes	1.5B	925M	-61M	-1.06B	2.79B	755M	-2.1B	-2.01B	-225M
Change in Receivables	-92M	-659M	-180M	-460M	1.01B	191M	-2.45B	-2.27B	1.01B
Change in Inventory	769M	682M	112M	440M	1.22B	-555M	-151M	-259M	787M
Change in Payables	96M	344M	280M	-179M	314M	738M	125M	-157M	-1.19B
Cash from Investing+	-1.66B	-1.87B	-1.92B	-1.99B	-2.75B	-5B	-3.01B	-3.7B	-2.77B
Capital Expenditures	-2.13B	-2.23B	-1.9B	-1.96B	-1.85B	-921M	-999M	-1.2B	-1.19B
CapEx % of Revenue	0.09%	0.08%	0.06%	0.07%	0.13%	0.05%	0.04%	0.05%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	478M	366M	-18M	-25M	-900M	-4.08B	-2.01B	-2.5B	-1.59B
Cash from Financing+	-1.54B	-1.04B	-723M	206M	659M	-1.45B	1.96B	2.6B	-67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-201M	-168M	-243M	-283M	-8M	-188M	-423M	-538M	-607M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-196M	29M	230M	217M	-994M	-157M	580M	2.07B	-416M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	592M	630M	652M	-136M	4.68B	3.16B	-442M	-288M	782M
FCF Margin %	0.02%	0.02%	0.02%	-0%	0.32%	0.16%	-0.02%	-0.01%	0.04%
FCF Growth %	-	0.06%	0.03%	-1.21%	35.43%	-0.33%	-1.14%	0.35%	3.72%
FCF per Share	0.43	0.46	0.48	-0.10	3.42	2.32	-0.32	-0.21	0.62
FCF Conversion (FCF/Net Income)	-10.82x	10.53x	2.39x	1.28x	-11.22x	2.37x	0.27x	0.40x	1.58x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.64%	6.23%	22.83%	25.27%	-8.82%	29%	29.34%	30.08%	15.66%
Return on Invested Capital (ROIC)	6.02%	9.09%	10.47%	10.08%	5.79%	9.02%	11.27%	13.3%	9.35%
Gross Margin	20.31%	21.18%	21.82%	22.5%	24.54%	27.68%	29.61%	31.79%	32.7%
Net Margin	-1.02%	0.98%	3.59%	5.06%	-3.34%	8.84%	8.62%	9.22%	6.28%
Debt / Equity	5.65x	6.08x	4.80x	4.11x	5.27x	4.55x	3.32x	3.39x	3.50x
Interest Coverage	1.87x	3.28x	4.10x	4.16x	2.78x	6.01x	5.93x	3.68x	2.39x
FCF Conversion	-10.82x	10.53x	2.39x	1.28x	-11.22x	2.37x	0.27x	0.40x	1.58x
Revenue Growth	-	11.6%	7.29%	-5.5%	-47.37%	31.9%	20.82%	4.82%	-19.65%

Frequently Asked Questions

Valuation & Price

CNH Industrial N.V. (CNH) has a price-to-earnings (P/E) ratio of 10.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

CNH Industrial N.V. (CNH) reported $17.81B in revenue for fiscal year 2024. This represents a 28% decrease from $24.82B in 2016.

CNH Industrial N.V. (CNH) saw revenue decline by 19.7% over the past year.

Yes, CNH Industrial N.V. (CNH) is profitable, generating $597.0M in net income for fiscal year 2024 (6.3% net margin).

Dividend & Returns

Yes, CNH Industrial N.V. (CNH) pays a dividend with a yield of 4.45%. This makes it attractive for income-focused investors.

CNH Industrial N.V. (CNH) has a return on equity (ROE) of 15.7%. This is reasonable for most industries.

CNH Industrial N.V. (CNH) generated $2.48B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

CNH Industrial N.V. (CNH) 10-Year Financial Performance & Capital Metrics

CNH • • Industrial / General

IndustrialsAgricultural MachineryAgricultural Machinery & EquipmentMajor Agricultural Equipment Manufacturers

Revenue $19.84B -19.7%
EBITDA $4.46B -19.1%
Net Income $1.25B -45.2%
EPS (Diluted) 0.99 -41.4%
Gross Margin 32.7% +2.8%
EBITDA Margin 22.46% +0.6%
Operating Margin 19.41% -3.1%
Net Margin 6.28% -31.8%
ROE 15.66% -48.0%
ROIC 9.35% -29.7%
Debt/Equity 3.50 +3.2%
Interest Coverage 2.39 -35.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 25.0%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.5%
✓Share count reduced 6.7% through buybacks

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Sales declining 6.7% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-6.71%

3Y0.58%

TTM-18.1%

Profit (Net Income) CAGR

10Y-

5Y-2.61%

3Y-10.24%

TTM-64.65%

EPS CAGR

10Y-

5Y-1.17%

3Y-7.97%

TTM-64.66%

ROCE

10Y Avg10.53%

5Y Avg11.6%

3Y Avg13.58%

Latest9.71%

Peer Comparison

Major Agricultural Equipment Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DEDeere & Company	139.61B	515.04	27.84	-9.57%	11.18%	19.33%	2.31%	2.46
CNHCNH Industrial N.V.	13.49B	10.82	10.93	-19.65%	3.35%	7.62%	5.8%	3.50
AGCOAGCO Corporation	8.45B	113.27	-19.91	-19.08%	3.73%	7.83%	3.51%	0.69

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	24.82B	27.7B	29.71B	28.08B	14.78B	19.49B	23.55B	24.69B	19.84B
Revenue Growth %	-	0.12%	0.07%	-0.05%	-0.47%	0.32%	0.21%	0.05%	-0.2%
Cost of Goods Sold+	19.78B	21.83B	23.23B	21.76B	11.15B	14.1B	16.58B	16.84B	13.35B
COGS % of Revenue	0.8%	0.79%	0.78%	0.78%	0.75%	0.72%	0.7%	0.68%	0.67%
Gross Profit+	5.04B	5.87B	6.48B	6.32B	3.63B	5.4B	6.97B	7.85B	6.49B
Gross Margin %	0.2%	0.21%	0.22%	0.22%	0.25%	0.28%	0.3%	0.32%	0.33%
Gross Profit Growth %	-	0.16%	0.11%	-0.03%	-0.43%	0.49%	0.29%	0.13%	-0.17%
Operating Expenses+	3.12B	2.97B	3.16B	3B	1.79B	2.1B	2.62B	2.9B	2.64B
OpEx % of Revenue	0.13%	0.11%	0.11%	0.11%	0.12%	0.11%	0.11%	0.12%	0.13%
Selling, General & Admin	2.26B	2.31B	2.35B	2.22B	1.3B	1.45B	1.75B	1.86B	1.71B
SG&A % of Revenue	0.09%	0.08%	0.08%	0.08%	0.09%	0.07%	0.07%	0.08%	0.09%
Research & Development	860M	957M	1.06B	1.03B	493M	642M	866M	1.04B	924M
R&D % of Revenue	0.03%	0.03%	0.04%	0.04%	0.03%	0.03%	0.04%	0.04%	0.05%
Other Operating Expenses	0	-305M	-256M	-250M	0	0	0	0	0
Operating Income+	1.92B	2.9B	3.33B	3.32B	1.84B	3.3B	4.36B	4.95B	3.85B
Operating Margin %	0.08%	0.1%	0.11%	0.12%	0.12%	0.17%	0.18%	0.2%	0.19%
Operating Income Growth %	-	0.51%	0.15%	-0%	-0.45%	0.8%	0.32%	0.14%	-0.22%
EBITDA+	3.18B	4.25B	4.67B	4.54B	2.38B	3.84B	4.89B	5.51B	4.46B
EBITDA Margin %	0.13%	0.15%	0.16%	0.16%	0.16%	0.2%	0.21%	0.22%	0.22%
EBITDA Growth %	-	0.34%	0.1%	-0.03%	-0.48%	0.61%	0.28%	0.13%	-0.19%
D&A (Non-Cash Add-back)	1.26B	1.35B	1.34B	1.22B	538M	536M	535M	564M	605M
EBIT	1.01B	1.6B	2.28B	1.97B	481M	2.44B	3.34B	4.05B	3.07B
Net Interest Income+	-1.03B	-940M	-812M	-798M	-660M	-549M	-734M	-1.34B	-1.61B
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	1.02B	884M	812M	798M	660M	549M	734M	1.34B	1.61B
Other Income/Expense	-1.88B	-2.2B	-1.87B	0	-1.95B	-1.27B	-1.57B	-2.06B	-2.25B
Pretax Income+	-9M	659M	1.47B	1.17B	-113M	2.03B	2.79B	2.88B	1.59B
Pretax Margin %	-0%	0.02%	0.05%	0.04%	-0.01%	0.1%	0.12%	0.12%	0.08%
Income Tax+	298M	457M	417M	-271M	85M	229M	747M	594M	336M
Effective Tax Rate %	28%	0.41%	0.73%	1.22%	4.36%	0.85%	0.73%	0.79%	0.78%
Net Income+	-252M	272M	1.07B	1.42B	-493M	1.72B	2.03B	2.27B	1.25B
Net Margin %	-0.01%	0.01%	0.04%	0.05%	-0.03%	0.09%	0.09%	0.09%	0.06%
Net Income Growth %	-	2.08%	2.93%	0.33%	-1.35%	4.49%	0.18%	0.12%	-0.45%
Net Income (Continuing)	-307M	290M	1.1B	1.44B	-198M	1.8B	2.04B	2.29B	1.26B
Discontinued Operations	-12M	0	0	0	-240M	-132M	0	0	0
Minority Interest	28M	33M	55M	75M	122M	75M	49M	120M	117M
EPS (Diluted)+	-0.19	0.20	0.78	1.05	-0.36	1.27	1.49	1.69	0.99
EPS Growth %	-	2.05%	2.9%	0.35%	-1.34%	4.53%	0.17%	0.13%	-0.41%
EPS (Basic)	-0.19	0.20	0.79	1.05	-0.36	1.27	1.50	1.71	0.99
Diluted Shares Outstanding	1.36B	1.37B	1.36B	1.35B	1.37B	1.36B	1.36B	1.35B	1.26B
Basic Shares Outstanding	1.36B	1.36B	1.36B	1.35B	1.37B	1.35B	1.35B	1.33B	1.25B
Dividend Payout Ratio	-	0.62%	0.23%	0.2%	-	0.11%	0.21%	0.24%	0.49%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	30.75B	32.94B	32.09B	32.7B	34.61B	39.17B	29.67B	35.35B	32.02B
Cash & Short-Term Investments	5.85B	6.2B	5.8B	5.77B	9.63B	5.04B	5.13B	5.04B	3.87B
Cash Only	5.85B	6.2B	5.8B	5.77B	9.63B	5.04B	5.13B	5.04B	3.87B
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	19.29B	20.29B	19.57B	19.84B	18.96B	15.57B	19.73B	24.76B	23.38B
Days Sales Outstanding	283.64	267.42	240.35	257.95	468.33	291.49	305.77	366.11	430.18
Inventory	5.61B	6.45B	6.73B	7.08B	6.02B	4.22B	4.81B	5.54B	4.78B
Days Inventory Outstanding	103.52	107.88	105.69	118.78	197.1	109.15	105.92	120.2	130.58
Other Current Assets	0	0	0	0	0	14.35B	0	0	0
Total Non-Current Assets+	14.8B	15.36B	14.01B	14.65B	14.11B	10.24B	9.71B	10.91B	10.91B
Property, Plant & Equipment	8.3B	8.68B	7.67B	7.58B	7.16B	3.21B	3.03B	3.33B	3.4B
Fixed Asset Turnover	2.99x	3.19x	3.87x	3.71x	2.06x	6.07x	7.76x	7.41x	5.83x
Goodwill	2.45B	2.47B	2.45B	2.54B	1.92B	3.21B	3.32B	3.61B	3.58B
Intangible Assets	787M	792M	788M	806M	772M	1.21B	1.13B	1.29B	1.22B
Long-Term Investments	582M	638M	624M	704M	1.08B	333M	574M	615M	686M
Other Non-Current Assets	1.74B	1.93B	1.87B	1.9B	1.72B	1.86B	1.22B	1.08B	1.09B
Total Assets+	45.55B	48.3B	46.1B	47.35B	48.72B	49.42B	39.38B	46.27B	42.93B
Asset Turnover	0.54x	0.57x	0.64x	0.59x	0.30x	0.39x	0.60x	0.53x	0.46x
Asset Growth %	-	0.06%	-0.05%	0.03%	0.03%	0.01%	-0.2%	0.17%	-0.07%
Total Current Liabilities+	17.45B	8.19B	18.31B	18.13B	20.04B	17.72B	15.41B	5.93B	3.98B
Accounts Payable	5.18B	6.06B	5.89B	5.63B	6.36B	3.53B	3.86B	3.76B	2.35B
Days Payables Outstanding	95.7	101.32	92.53	94.46	208.06	91.39	84.94	81.44	64.36
Short-Term Debt	10.28B	0	10.45B	10.6B	11.68B	10.06B	9.81B	0	86M
Deferred Revenue (Current)	0	0	0	0	0	1000K	0	0	0
Other Current Liabilities	634M	610M	609M	639M	672M	2.38B	700M	946M	917M
Current Ratio	1.76x	4.02x	1.75x	1.80x	1.73x	2.21x	1.93x	5.96x	8.05x
Quick Ratio	1.44x	3.24x	1.39x	1.41x	1.43x	1.97x	1.61x	5.03x	6.85x
Cash Conversion Cycle	291.46	273.97	253.5	282.27	457.37	309.25	326.75	404.87	496.4
Total Non-Current Liabilities+	23.63B	35.85B	22.69B	23.07B	23.65B	24.84B	17B	32.19B	31.19B
Long-Term Debt	14.95B	25.89B	14B	14.38B	14.51B	20.9B	13.22B	27.33B	26.88B
Capital Lease Obligations	48M	0	2M	323M	320M	196M	165M	300M	196M
Deferred Tax Liabilities	84M	94M	114M	172M	112M	125M	85M	35M	28M
Other Non-Current Liabilities	8.55B	8.37B	7.21B	6.96B	7.33B	3.63B	3.5B	4.47B	4.01B
Total Liabilities	41.08B	44.04B	41B	41.2B	43.69B	42.56B	32.41B	38.12B	35.16B
Total Debt+	25.28B	25.89B	24.45B	25.3B	26.51B	31.16B	23.19B	27.63B	27.16B
Net Debt	19.42B	19.7B	18.64B	19.53B	16.88B	26.11B	18.06B	22.58B	23.3B
Debt / Equity	5.65x	6.08x	4.80x	4.11x	5.27x	4.55x	3.32x	3.39x	3.50x
Debt / EBITDA	7.95x	6.10x	5.24x	5.58x	11.16x	8.12x	4.74x	5.01x	6.10x
Net Debt / EBITDA	6.11x	4.64x	4.00x	4.31x	7.10x	6.81x	3.69x	4.10x	5.23x
Interest Coverage	1.87x	3.28x	4.10x	4.16x	2.78x	6.01x	5.93x	3.68x	2.39x
Total Equity+	4.47B	4.26B	5.1B	6.16B	5.03B	6.85B	6.98B	8.15B	7.77B
Equity Growth %	-	-0.05%	0.2%	0.21%	-0.18%	0.36%	0.02%	0.17%	-0.05%
Book Value per Share	3.28	3.11	3.75	4.55	3.67	5.04	5.12	6.04	6.17
Total Shareholders' Equity	4.44B	4.22B	5.04B	6.08B	4.91B	6.78B	6.93B	8.03B	7.65B
Common Stock	25M	25M	25M	25M	25M	25M	25M	25M	25M
Retained Earnings	1.79B	1.76B	2.6B	3.81B	3.28B	4.82B	7.91B	9.65B	10.31B
Treasury Stock	-9M	-10M	-128M	-154M	-109M	-84M	-230M	-865M	-1.39B
Accumulated OCI	-1.77B	-1.97B	-1.86B	-2B	-2.68B	-2.44B	-2.28B	-2.36B	-2.71B
Minority Interest	28M	33M	55M	75M	122M	75M	49M	120M	117M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.73B	2.87B	2.55B	1.83B	5.53B	4.08B	557M	907M	1.97B
Operating CF Margin %	0.11%	0.1%	0.09%	0.07%	0.37%	0.21%	0.02%	0.04%	0.1%
Operating CF Growth %	-	0.05%	-0.11%	-0.29%	2.03%	-0.26%	-0.86%	0.63%	1.17%
Net Income	-261M	290M	1.1B	1.45B	-198M	1.8B	2.04B	2.29B	1.26B
Depreciation & Amortization	1.26B	1.35B	1.34B	1.22B	538M	537M	535M	564M	605M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	263M	300M	179M	218M	2.39B	989M	85M	68M	329M
Working Capital Changes	1.5B	925M	-61M	-1.06B	2.79B	755M	-2.1B	-2.01B	-225M
Change in Receivables	-92M	-659M	-180M	-460M	1.01B	191M	-2.45B	-2.27B	1.01B
Change in Inventory	769M	682M	112M	440M	1.22B	-555M	-151M	-259M	787M
Change in Payables	96M	344M	280M	-179M	314M	738M	125M	-157M	-1.19B
Cash from Investing+	-1.66B	-1.87B	-1.92B	-1.99B	-2.75B	-5B	-3.01B	-3.7B	-2.77B
Capital Expenditures	-2.13B	-2.23B	-1.9B	-1.96B	-1.85B	-921M	-999M	-1.2B	-1.19B
CapEx % of Revenue	0.09%	0.08%	0.06%	0.07%	0.13%	0.05%	0.04%	0.05%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	478M	366M	-18M	-25M	-900M	-4.08B	-2.01B	-2.5B	-1.59B
Cash from Financing+	-1.54B	-1.04B	-723M	206M	659M	-1.45B	1.96B	2.6B	-67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-201M	-168M	-243M	-283M	-8M	-188M	-423M	-538M	-607M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-196M	29M	230M	217M	-994M	-157M	580M	2.07B	-416M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	592M	630M	652M	-136M	4.68B	3.16B	-442M	-288M	782M
FCF Margin %	0.02%	0.02%	0.02%	-0%	0.32%	0.16%	-0.02%	-0.01%	0.04%
FCF Growth %	-	0.06%	0.03%	-1.21%	35.43%	-0.33%	-1.14%	0.35%	3.72%
FCF per Share	0.43	0.46	0.48	-0.10	3.42	2.32	-0.32	-0.21	0.62
FCF Conversion (FCF/Net Income)	-10.82x	10.53x	2.39x	1.28x	-11.22x	2.37x	0.27x	0.40x	1.58x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.64%	6.23%	22.83%	25.27%	-8.82%	29%	29.34%	30.08%	15.66%
Return on Invested Capital (ROIC)	6.02%	9.09%	10.47%	10.08%	5.79%	9.02%	11.27%	13.3%	9.35%
Gross Margin	20.31%	21.18%	21.82%	22.5%	24.54%	27.68%	29.61%	31.79%	32.7%
Net Margin	-1.02%	0.98%	3.59%	5.06%	-3.34%	8.84%	8.62%	9.22%	6.28%
Debt / Equity	5.65x	6.08x	4.80x	4.11x	5.27x	4.55x	3.32x	3.39x	3.50x
Interest Coverage	1.87x	3.28x	4.10x	4.16x	2.78x	6.01x	5.93x	3.68x	2.39x
FCF Conversion	-10.82x	10.53x	2.39x	1.28x	-11.22x	2.37x	0.27x	0.40x	1.58x
Revenue Growth	-	11.6%	7.29%	-5.5%	-47.37%	31.9%	20.82%	4.82%	-19.65%

Frequently Asked Questions

Valuation & Price

CNH Industrial N.V. (CNH) has a price-to-earnings (P/E) ratio of 10.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

CNH Industrial N.V. (CNH) reported $17.81B in revenue for fiscal year 2024. This represents a 28% decrease from $24.82B in 2016.

CNH Industrial N.V. (CNH) saw revenue decline by 19.7% over the past year.

Yes, CNH Industrial N.V. (CNH) is profitable, generating $597.0M in net income for fiscal year 2024 (6.3% net margin).

Dividend & Returns

Yes, CNH Industrial N.V. (CNH) pays a dividend with a yield of 4.45%. This makes it attractive for income-focused investors.

CNH Industrial N.V. (CNH) has a return on equity (ROE) of 15.7%. This is reasonable for most industries.

CNH Industrial N.V. (CNH) generated $2.48B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.