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CNHCNH Industrial N.V.
$13.67$17.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CNH logo

CNH Industrial N.V.

CNH
NYSE · Agricultural Machinery
$13.67
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$16.95B
P/E33.3x
52W High$14.46
Volume16.8M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cyclical Trough Pressures Margins Amid High Leverage

CNH Industrial is navigating a severe agricultural downturn, with revenue down 8.8% year-over-year in 2026Q2 and gross margins compressing 440bps from 2024Q1 to 29.3%. The company's high operating leverage has driven operating margins down 670bps to 13.7%, whi...

GrowthDecelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

CNH price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

+55% Peers

P/E is 55% above peer median

03

Market leadership

RS 86 · Leader

High momentum (Outperforming 86% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 9
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue contracted 8.8% year-over-year in 2026Q2 to $4.8B, with gross margin down 440bps to 29.3% and operating margin down 670bps to 13.7% from 2024Q1 peaks, reflecting severe cyclical pressure.

Analyst Consensus+5.9% target
Buy(15 analysts)
10 Buy4 Hold1 Sell

The Bull Case

Upside Catalysts

Dividend and Board Appointments

CNH Industrial approved a cash dividend and appointed new non-executive directors, signaling confidence in governance and shareholder returns.

Institutional Investor Confidence

Value-focused asset manager Tweedy Browne significantly increased its holdings in CNH, indicating strong institutional belief in the company's long-term prospects.

Strategic Market Position

CNH is a world-class leader in agriculture and construction equipment, with strong R&D capabilities and a global footprint driving sustainable growth.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CNH+47.27%
S&P 500 (^GSPC)+13.20%
1-Year Return
CNH+25.18%
S&P 500 (^GSPC)+15.98%
3-Year Return
CNH+17.90%
S&P 500 (^GSPC)+84.15%
5-Year Return
CNH-9.38%
S&P 500 (^GSPC)+75.03%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
33.5x
Forward P/EExpansion
31.0x
EV/EBITDA80th %ile
12.2x
FCF YieldCash Flow
11.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
33.5x
11.4x
100th· High
EV/EBITDA
12.2x
8.6x
80th· High
Price/FCF
8.5x
8.4x
67th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$0.00N/A
Base (Fair)$17.04+26.7%
Bull$29.06+112.6%
$0.00 Bear$17.04 Base$29.06 Bull
Current Market Price: $13.67
Trades at a 19.8% discount to Base DCF ($17.04)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$18.09B-8.8% YoY
Net income
$510M-59.1% YoY
Free cash flow
$2B+155.1% YoY
Operating margin
15.4%-4.0 pts YoY
ROIC (TTM)6.5%
Avg ROIC 5Y-
ROE (TTM)6.5%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 3, 2026
$0.13+24.5%
vs $0.10
$4.8B+0.7%
vs $4.8B
Q2 2026
Apr 30, 2026
$0.01+138.7%
vs $0.00
$3.8B+0.6%
vs $3.8B
Q1 2026
Feb 17, 2026
$0.19+72.7%
vs $0.11
$5.2B+4.0%
vs $5.0B
Q4 2025
Nov 7, 2025
$0.08-38.9%
vs $0.13
$4.4B+3.4%
vs $4.3B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
MarketBeat·3d ago
These 3 Stocks Under $20 Have Wall Street Looking Past the Share Price

Math also plays a part. A 10% gain on a $20 stock means the stock only has to move $2.

GlobeNewsWire·Sep 16, 2026
CNH announces emissions-system software updates to help customers maximize uptime

Software rollout begins in Q4 2026: CNH will begin releasing software updates that give customers more time to address certain emissions-system faults. Helping maximize uptime: The updates are intended to help customers reduce avoidable downtime during critical operating periods.

Zacks Investment Research·Sep 2, 2026
Why Is CNH (CNH) Up 11.4% Since Last Earnings Report?

CNH (CNH) reported earnings 30 days ago. What's next for the stock?

Defense World·Sep 2, 2026
CNH Industrial (NYSE:CNH) Trading 5% Higher Following Analyst Upgrade

CNH Industrial N.V. (NYSE: CNH - Get Free Report) shot up 5% during mid-day trading on Tuesday after Robert W. Baird upgraded the stock from a neutral rating to an outperform rating. Robert W. Baird now has a $15.00 price target on the stock. CNH Industrial traded as high as $12.42 and last traded at $12.4180.

Filtered for CNH Industrial N.V.More Headlines
04

Compare before deciding

Benchmark CNH against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for CNH Industrial N.V. (CNH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CNH logoCNHCNH Industrial N.V.Current
$13.67$16.95B33.34-8.78%2.82%6.54%1.95%
DE logoDEDeere & Company
$703.12$189.8B38.01-11.59%10.22%18.07%—
AGCO logoAGCOAGCO Corporation
$120.65$8.74B12.37-13.55%5.15%11.64%—
CAT logoCATCaterpillar Inc.
$808.01$372.2B42.914.29%14.5%54.14%—
PCAR logoPCARPACCAR Inc
$113.86$59.92B25.25-15.5%9.18%12.73%—
CMI logoCMICummins Inc.
$526.13$72.6B25.66-1.27%7.82%20.19%—

Compare CNH vs Peers

CNH Industrial N.V. (CNH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DE

Most directly comparable listed peer for CNH.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare CNH against a more recognizable public peer.

Peer Set

Compare Top 5

vs DE, AGCO, CAT, PCAR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CNH SEC Filings & Documents

CNH Industrial N.V. (CNH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 3, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

May 11, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 3, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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CNH Frequently Asked Questions

CNH Industrial N.V. (CNH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CNH Industrial N.V.'s revenue?

CNH Industrial N.V. (CNH) reported $18.18B in revenue for fiscal year 2025. This represents a 49% increase from $12.18B in 2004.

How fast is CNH Industrial N.V. growing?

CNH Industrial N.V. (CNH) saw revenue decline by 8.8% over the past year.

Is CNH profitable?

Yes, CNH Industrial N.V. (CNH) is profitable, generating $311.0M in net income for fiscal year 2025 (2.8% net margin).

Dividend & Returns
Does CNH pay dividends?

Yes, CNH Industrial N.V. (CNH) pays a dividend with a yield of 1.95%. This makes it attractive for income-focused investors.

What is CNH's return on equity?

CNH Industrial N.V. (CNH) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

What is CNH Industrial N.V.'s free cash flow?

CNH Industrial N.V. (CNH) generated $1.19B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CNH back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

See returns →