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CNH Industrial
(NYSE:CNH)
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Rating:50Neutral
Price Target:
$11.00
â–¼(-1.35% Downside)
Action:Reiterated
Date:08/04/26
CNH scores around the middle primarily due to weakened profitability and leverage risk (despite a TTM revenue rebound and positive, but uneven, cash generation). Technicals are mildly supportive with the price above key moving averages, but valuation is a headwind given a high P/E and low yield. The latest earnings call reinforced a mixed near-term outlook: some operational progress and Construction strength, offset by tariff-driven margin pressure, South America weakness, and strained cash flow trends.
Positive Factors
Diversified revenue streams & recurring after‑sales
CNH's mix of new equipment sales, parts & service, precision technology and captive financial services creates diversified, recurring cash flows. After‑sales and financing support margins and customer stickiness, tempering cyclicality and aiding cash generation over 2–6 months.
Negative Factors
Elevated leverage and balance sheet risk
Reported leverage near multi‑year highs reduces financial flexibility in a cyclical capital‑goods business, increasing refinancing and interest exposure. The TTM debt discontinuity raises uncertainty, but excluding it the company faces constrained capacity for investments or shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams & recurring after‑sales
CNH's mix of new equipment sales, parts & service, precision technology and captive financial services creates diversified, recurring cash flows. After‑sales and financing support margins and customer stickiness, tempering cyclicality and aiding cash generation over 2–6 months.
Read all positive factors
CNH Industrial Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how sales are split across CNH’s business lines (e.g., agriculture, construction, parts/financial services), indicating how diversified the company is and which segments fuel growth. Reveals reliance on cyclical businesses and where strategic investments or weaknesses may concentrate risk.
Shows how sales are split across CNH’s business lines (e.g., agriculture, construction, parts/financial services), indicating how diversified the company is and which segments fuel growth. Reveals reliance on cyclical businesses and where strategic investments or weaknesses may concentrate risk.
Data provided by:
The Fly
The FlyCNH Industrial (CNH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.50B
Dividend Yield0.92%
Average Volume (3M)10.24M
Price to Earnings (P/E)43.9
Beta (1Y)0.80
Revenue Growth0.60%
EPS Growth-62.01%
CountryUS
Employees34,197
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.25
Shares Outstanding1,237,726,000
10 Day Avg. Volume10,517,376
30 Day Avg. Volume10,240,850
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)1.49
Price to Sales (P/S)0.64
P/FCF Ratio5.77
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$12.96Price Target Upside16.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)0.44
Revenue Forecast (FY)$18.24B
CNH Industrial Business Overview & Revenue Model
Company Description
CNH Industrial N.V. operates as a multinational producer of heavy-duty industrial machinery, specializing in a diverse portfolio that includes both agricultural and construction equipment. A testament to its legacy, the highly recognized Case IH b...
How the Company Makes Money
CNH Industrial makes money mainly by selling agricultural and construction equipment to dealers and end customers, supplemented by recurring after-sales revenue and financing income. (1) Equipment sales (primary revenue driver): CNH generates reve...
CNH Industrial Earnings Call Summary
Earnings Call Date:Aug 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: modest revenue growth and notable Construction strength, disciplined operational progress (procurement, dealer consolidation, pricing positive vs. cost), and improved guidance in some areas, but these positives are offset by significant margin compression from tariffs and product mix, sharp weakness in South America, H1 negative industrial free cash flow, and constrained farm economics. Management highlighted concrete strategic actions and potential tailwinds (underproduction correction, tariff rate reductions, sourcing savings), but material near-term demand and profitability headwinds remain.Positive Updates
Consolidated Revenue Growth
Consolidated revenues of $4.8 billion, up 2% year-over-year (including ~2% positive currency impact).
Negative Updates
Significant South America Weakness
South America Agriculture sales declined ~27% year-over-year, contributing to regional softness and higher Financial Services risk costs in Brazil.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Consolidated revenues of $4.8 billion, up 2% year-over-year (including ~2% positive currency impact).
Read all positive updates
Company Guidance
Management updated 2026 guidance with Agriculture net sales now expected to be about flat year‑over‑year (including ~2% favorable currency) with positive pricing of 1.5–2% and Agriculture adjusted EBIT margin narrowed to 5.0–5.5%; Construction net sales raised to +5–10% (including ~2% currency and ~1% pricing) with Construction EBIT margin 1.8–2.3%; Industrial net sales are forecast flat to +2% with Industrial adjusted EBIT margin 3.2–3.8%, Industrial free cash flow of $200–$400 million, and adjusted EPS narrowed to $0.41–$0.46. Q3 color: Agriculture sales and EBIT about flat YoY; Construction sales expected up low‑to‑mid teens with EBIT in the low‑to‑mid single digits; dealer inventories targeted to be reduced by $400–$500 million by year‑end. Recent Q2 results (not included in the full‑year outlook for refunds) were consolidated revenues $4.8 billion (+2% YoY), Agriculture sales ~$3.3 billion (+1%), Construction sales $866 million (+12%), Q2 adjusted net income $161 million (EPS $0.13), industrial free cash flow $150 million, Financial Services retail originations $2.5 billion, managed portfolio $28 billion and delinquencies of 4.4%. Guidance excludes additional IEEPA tariff refunds beyond the $5 million received in Q2 (Phase 2 claims ~ $135 million, Phase 3 ~ $15 million) and reflects updated Section 232 tariff impacts (~170 bps headwind in Ag, ~470 bps in Construction) with Q3 tariffs ~flat YoY and Q4 slightly lower.CNH Industrial Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
38
Negative
Cash Flow
53
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.18B | 18.09B | 19.84B | 24.69B | 23.55B | 19.49B |
| Gross Profit | 5.57B | 5.71B | 6.49B | 7.85B | 6.97B | 5.40B |
| EBITDA | 2.58B | 2.80B | 3.67B | 4.61B | 3.88B | 2.98B |
| Net Income | 311.00M | 510.00M | 1.25B | 2.27B | 2.03B | 1.72B |
Balance Sheet | ||||||
| Total Assets | 42.17B | 42.75B | 42.93B | 46.27B | 39.38B | 49.42B |
| Cash, Cash Equivalents and Short-Term Investments | 1.87B | 2.58B | 3.19B | 4.32B | 4.38B | 5.04B |
| Total Debt | 25.97B | 27.03B | 27.16B | 27.63B | 23.19B | 31.16B |
| Total Liabilities | 34.32B | 34.92B | 35.16B | 38.12B | 32.41B | 42.56B |
| Stockholders Equity | 7.76B | 7.73B | 7.65B | 8.03B | 6.93B | 6.78B |
Cash Flow | ||||||
| Free Cash Flow | 1.19B | 2.00B | 782.00M | -288.00M | -442.00M | 3.16B |
| Operating Cash Flow | 1.78B | 2.54B | 1.97B | 907.00M | 557.00M | 4.08B |
| Investing Cash Flow | -685.00M | -1.38B | -2.77B | -3.70B | -3.01B | -5.00B |
| Financing Cash Flow | -1.78B | -2.02B | -67.00M | 2.60B | 1.96B | -1.45B |
CNH Industrial Technical Analysis
Negative
11.15
Price Trends
10.64
Negative
10.59
Negative
10.55
Negative
Market Momentum
0.04
Positive
46.71
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNH, the sentiment is Negative. The current price of 11.15 is above the 20-day moving average (MA) of 10.71, above the 50-day MA of 10.64, and above the 200-day MA of 10.55, indicating a bearish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 46.71 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNH.
CNH Industrial Risk Analysis
CNH Industrial disclosed 45 risk factors in its most recent earnings report. CNH Industrial reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CNH Industrial Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $70.06B | 27.96 | 12.73% | 2.05% | -10.49% | -18.64% | |
72 Outperform | $387.13B | 36.08 | 54.14% | 0.69% | 11.85% | -2.07% | |
72 Outperform | $9.59B | 17.66 | 12.32% | 1.39% | 1.93% | -12.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $7.20B | 14.20 | 12.45% | 0.97% | 1.74% | 443.88% | |
61 Neutral | $167.59B | 35.09 | 18.25% | 1.03% | 3.98% | -14.68% | |
50 Neutral | $13.50B | 43.87 | 4.00% | 0.90% | 0.60% | -62.01% |
* Industrials Sector Average
CNH
CNH Industrial
10.48
-1.87
-15.14%
AGCO
Agco
100.87
-8.72
-7.96%
CAT
Caterpillar
837.58
432.69
106.86%
DE
Deere
609.28
108.57
21.68%
OSK
Oshkosh
155.39
22.26
16.72%
PCAR
Paccar
131.24
36.49
38.51%
CNH Industrial Corporate Events
Business Operations and StrategyFinancial Disclosures
CNH Industrial Reports Mixed Second-Quarter 2026 Results
Negative
Aug 3, 2026
On August 3, 2026, CNH Industrial reported second-quarter 2026 consolidated revenues of $4.8 billion, up 2% year-on-year, with net sales from Industrial Activities rising 3% to $4.14 billion, but net income falling to $141 million from $217 millio...
Business Operations and StrategyExecutive/Board Changes
CNH Industrial announces leadership transitions in technology and sales
Neutral
Jul 28, 2026
CNH Industrial announced on July 28, 2026, that Chief Technology Officer Jay Schroeder will retire effective January 1, 2027, and Agriculture Chief Commercial Officer Stefano Pampalone will retire effective September 1, 2026, after decades of serv...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.