CNH Industrial N.V. (CNH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.83B | 5.16B | 4.4B | 4.71B | 3.83B | 4.88B | 4.65B | 5.49B | 4.82B | 6.79B | 5.99B | 6.57B | 5.34B | 6.94B | 5.88B | 6.08B | 4.64B | 9.07B | 4.75B | 8.91B |
| Revenue Growth % | -0.1% | 5.78% | -5.5% | -14.16% | -20.51% | -28.21% | -22.25% | -16.43% | -9.81% | -2.17% | 1.79% | 7.97% | 15.01% | -23.47% | 23.91% | -31.75% | 13.35% | 6.72% | -26.89% | 59.77% |
| Cost of Goods Sold | 2.6B | 3.64B | 2.98B | 3.19B | 2.56B | 3.32B | 3.13B | 3.7B | 3.19B | 4.71B | 4.06B | 4.46B | 3.61B | 4.98B | 4.16B | 4.38B | 3.29B | 7.12B | 3.45B | 7B |
| COGS % of Revenue | 68.09% | 70.55% | 67.74% | 67.76% | 66.87% | 68.15% | 67.25% | 67.46% | 66.31% | 69.27% | 67.81% | 67.96% | 67.6% | 71.7% | 70.67% | 71.97% | 70.74% | 78.44% | 72.73% | 78.59% |
| Gross Profit | 1.22B | 1.52B | 1.42B | 1.52B | 1.27B | 1.55B | 1.52B | 1.79B | 1.62B | 2.09B | 1.93B | 2.1B | 1.73B | 1.97B | 1.73B | 1.71B | 1.36B | 1.96B | 1.3B | 1.91B |
| Gross Margin % | 31.91% | 29.45% | 32.26% | 32.24% | 33.13% | 31.85% | 32.75% | 32.54% | 33.69% | 30.73% | 32.19% | 32.04% | 32.4% | 28.3% | 29.33% | 28.03% | 29.26% | 21.56% | 27.43% | 21.41% |
| Gross Profit Growth % | -3.78% | -2.19% | -6.89% | -14.95% | -21.81% | -25.59% | -20.91% | -15.11% | -6.24% | 6.21% | 11.71% | 23.4% | 27.37% | 0.46% | 32.49% | -10.64% | 15.46% | 4.04% | -0.91% | 449.86% |
| Operating Expenses | 697M | 805M | 830M | 696M | 570M | 652M | 647M | 698M | 639M | 753M | 728M | 754M | 669M | 785M | 635M | 636M | 562M | 1.07B | 506M | 816M |
| OpEx % of Revenue | 18.22% | 15.61% | 18.87% | 14.77% | 14.88% | 13.37% | 13.9% | 12.72% | 13.26% | 11.09% | 12.16% | 11.48% | 12.52% | 11.31% | 10.8% | 10.46% | 12.1% | 11.85% | 10.66% | 9.16% |
| Selling, General & Admin | 465M | 463M | 549M | 478M | 386M | 414M | 426M | 461M | 411M | 478M | 462M | 485M | 438M | 528M | 422M | 424M | 378M | 721M | 349M | 333M |
| SG&A % of Revenue | 12.15% | 8.98% | 12.48% | 10.15% | 10.08% | 8.49% | 9.15% | 8.4% | 8.53% | 7.04% | 7.72% | 7.39% | 8.2% | 7.6% | 7.18% | 6.97% | 8.14% | 7.95% | 7.35% | 3.74% |
| Research & Development | 232M | 342M | 281M | 218M | 184M | 238M | 221M | 237M | 228M | 275M | 266M | 269M | 231M | 257M | 213M | 212M | 184M | 354M | 157M | 164M |
| R&D % of Revenue | 6.06% | 6.63% | 6.39% | 4.63% | 4.8% | 4.88% | 4.75% | 4.32% | 4.73% | 4.05% | 4.44% | 4.1% | 4.32% | 3.7% | 3.62% | 3.49% | 3.96% | 3.9% | 3.31% | 1.84% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Operating Income | 524M | 714M | 589M | 823M | 699M | 901M | 877M | 1.09B | 984M | 1.33B | 1.2B | 1.35B | 1.06B | 1.18B | 1.09B | 1.07B | 797M | 881M | 796M | 1.09B |
| Operating Margin % | 13.7% | 13.84% | 13.39% | 17.47% | 18.25% | 18.48% | 18.84% | 19.83% | 20.42% | 19.64% | 20.03% | 20.56% | 19.88% | 17% | 18.53% | 17.58% | 17.16% | 9.71% | 16.77% | 12.25% |
| Operating Income Growth % | -25.04% | -20.75% | -32.84% | -24.36% | -28.96% | -32.46% | -26.86% | -19.41% | -7.34% | 13.05% | 10% | 26.29% | 33.25% | 33.94% | 36.93% | -2.11% | 9.78% | -6.97% | 35.6% | 408.47% |
| EBITDA | 690M | 878M | 748M | 979M | 849M | 1.05B | 1.03B | 1.24B | 1.13B | 1.48B | 1.34B | 1.49B | 1.19B | 1.31B | 1.23B | 1.2B | 934M | 1.17B | 1.08B | 1.38B |
| EBITDA Margin % | 18.03% | 17.02% | 17.01% | 20.78% | 22.17% | 21.58% | 22.17% | 22.58% | 23.5% | 21.82% | 22.47% | 22.66% | 22.35% | 18.84% | 20.83% | 19.8% | 20.11% | 12.92% | 22.67% | 15.51% |
| EBITDA Growth % | -18.73% | -16.54% | -27.52% | -20.98% | -25% | -29.01% | -23.27% | -16.73% | -5.19% | 13.3% | 9.8% | 23.59% | 27.84% | 11.6% | 13.85% | -12.88% | 8.6% | -7.64% | 23.54% | 2046.48% |
| D&A (Non-Cash Add-back) | 166M | 164M | 159M | 156M | 150M | 151M | 155M | 151M | 148M | 148M | 146M | 138M | 132M | 128M | 135M | 135M | 137M | 291M | 280M | 290M |
| EBIT | 524M | 714M | 589M | 823M | 699M | 662M | 738M | 872M | 796M | 981M | 1.01B | 1.16B | 898M | 969M | 920M | 915M | 612M | 341M | 796M | 1.09B |
| Net Interest Income | -365M | -385M | -398M | -360M | -391M | -421M | -378M | -418M | -394M | -404M | -346M | -323M | -272M | -244M | -190M | -162M | -138M | -145M | -122M | -144M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 365M | 385M | 398M | 360M | 391M | 421M | 378M | 418M | 394M | 404M | 346M | 323M | 272M | 251M | 190M | 162M | 138M | 145M | 122M | 144M |
| Other Income/Expense | -510M | -565M | -521M | -530M | -520M | -636M | -492M | -589M | -538M | -659M | -488M | -448M | -403M | -420M | -339M | -289M | -302M | -685M | -257M | -205M |
| Pretax Income | 14M | 149M | 68M | 293M | 179M | 265M | 385M | 499M | 446M | 675M | 711M | 902M | 659M | 760M | 751M | 780M | 495M | 196M | 539M | 887M |
| Pretax Margin % | 0.37% | 2.89% | 1.55% | 6.22% | 4.67% | 5.43% | 8.27% | 9.09% | 9.26% | 9.94% | 11.88% | 13.74% | 12.34% | 10.95% | 12.77% | 12.82% | 10.66% | 2.16% | 11.36% | 9.95% |
| Income Tax | 4M | 60M | 1M | 76M | 47M | 89M | 75M | 95M | 77M | 58M | 171M | 192M | 173M | 168M | 192M | 228M | 159M | -82M | 79M | 188M |
| Effective Tax Rate % | 28.57% | 40.27% | 1.47% | 25.94% | 26.26% | 33.58% | 19.48% | 19.04% | 17.26% | 8.59% | 24.05% | 21.29% | 26.25% | 22.11% | 25.57% | 29.23% | 32.12% | -41.84% | 14.66% | 21.2% |
| Net Income | 7M | 86M | 80M | 213M | 131M | 173M | 306M | 399M | 368M | 616M | 537M | 706M | 482M | 592M | 556M | 548M | 333M | 302M | 323M | 690M |
| Net Margin % | 0.18% | 1.67% | 1.82% | 4.52% | 3.42% | 3.55% | 6.58% | 7.27% | 7.64% | 9.07% | 8.97% | 10.75% | 9.02% | 8.53% | 9.45% | 9.01% | 7.17% | 3.33% | 6.81% | 7.74% |
| Net Income Growth % | -94.66% | -50.29% | -73.86% | -46.62% | -64.4% | -71.92% | -43.02% | -43.48% | -23.65% | 4.05% | -3.42% | 28.83% | 44.74% | 96.03% | 72.14% | -20.58% | -18.38% | 84.15% | 134.29% | 97.14% |
| Net Income (Continuing) | 10M | 89M | 67M | 217M | 132M | 176M | 310M | 404M | 369M | 617M | 540M | 710M | 486M | 592M | 559M | 552M | 336M | 278M | 460M | 699M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 |
| Minority Interest | 56M | 95M | 105M | 121M | 120M | 117M | 126M | 124M | 120M | 120M | 130M | 130M | 127M | 49M | 55M | 55M | 54M | 75M | 59M | 146M |
| EPS (Diluted) | 0.01 | 0.07 | 0.06 | 0.17 | 0.10 | 0.14 | 0.24 | 0.34 | 0.29 | 0.46 | 0.42 | 0.52 | 0.35 | 0.44 | 0.41 | 0.40 | 0.24 | 0.22 | 0.24 | 0.51 |
| EPS Growth % | -94.4% | -50.71% | -73.42% | -50% | -65.52% | -69.57% | -42.86% | -34.62% | -17.14% | 4.55% | 2.44% | 30% | 45.83% | 100% | 70.83% | -21.57% | -20% | 83.33% | 134.78% | 96.15% |
| EPS (Basic) | 0.01 | 0.07 | 0.06 | 0.17 | 0.11 | 0.14 | 0.24 | 0.34 | 0.29 | 0.47 | 0.43 | 0.53 | 0.36 | 0.44 | 0.41 | 0.40 | 0.24 | 0.22 | 0.24 | 0.51 |
| Diluted Shares Outstanding | 1.24B | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.26B | 1.27B | 1.33B | 1.35B | 1.35B | 1.36B | 1.36B | 1.35B | 1.36B | 1.36B | 1.35B | 1.36B | 1.36B |
| Basic Shares Outstanding | 1.24B | 1.24B | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.26B | 1.26B | 1.32B | 1.33B | 1.34B | 1.34B | 1.34B | 1.35B | 1.35B | 1.36B | 1.35B | 1.35B | 1.35B |
| Dividend Payout Ratio | - | 12.79% | 1.25% | 150.23% | 0.76% | 4.05% | 1.96% | 148.62% | 0.27% | 1.14% | 0.37% | 74.79% | 0.21% | 1.18% | 0.18% | 75.55% | 0.3% | 1.32% | 0.31% | 26.38% |