Saturday 17 October 2026 Export CNH’s income statement to Excel — free account

CNH Industrial N.V.

CNH Industrials Farm & Heavy Construction Machinery

CNH Industrial N.V.’s revenue for fiscal 2025 (year ended December 2025) was $18.1 billion, down 8.78% from fiscal 2024. In the quarter to June 2026, revenue grew 1.95%, EPS fell 35.3%, free cash flow fell 124.6% and total debt fell 5.26%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

11.64 0.31 −2.59%

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Market cap: $14.8B
P/E: 46.6×
Fwd P/E: 27.5×
Dividend yield: 0.86%
F-score: 4/9
Altman Z: 2.00
Beneish M: −2.68
Dividend safety: 37/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.70

Total sells 0.49

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	3	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	—	—	—

Insider Ownership 29.97%

Capital & Financial Ratios $m

Market Cap 14,790.00

Revenue 18,185.00

Net Income 307.00

Free Cash Flow 611.00

Net Debt 23,502.00

Current Ratio 12.23

Debt/Equity 3.33

P/E ratio 46.56

Fwd P/E 27.50

P/S ratio 0.79

P/B ratio 1.85

Past 5Y EPS Growth —

This Y EPS Growth (19.09%)

Next Y EPS Growth 52.79%

Next Y revenue growth 0.96%

Next 5Y EPS Growth 19.90%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 92.32%

10-year low 10-year high

P/S against its own 10 years 78.22%

10-year low 10-year high

P/B against its own 10 years 28.49%

10-year low 10-year high

EV/Sales against its own 10 years 93.48%

10-year low 10-year high

EV/FCF against its own 10 years 84.26%

10-year low 10-year high

Dividends

Payout Ratio 0.40

Annual Dividend Rate 0.10

Annual Dividend Yield 0.86%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.16	0.10
2025	0.25	0.25
2024	0.47	0.47
2023	0.39	0.39
2022	0.30	0.30
2021	0.13	0.13
2020	Powerpack
2019	0.20	0.20
2018	0.17	0.17
2017	0.12	0.12
2016	0.15	0.15

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5,045	3,866	3,229	2,464
Receivables	24,762	23,378	23,526	22,986
Inventory	5,545	4,776	4,651	5,171
Other	—	—	—	—
	35,352	32,020	31,406	30,621

	2023	2024	2025	Q'26
Payables	3,611	2,292	2,247	2,412
ST’ Debt	—	—	—	—
Other	—	—	—	—
	3,792	2,382	2,355	2,504

Compound Annual Growth %

	10y	5y	3y
Sales	(3.53%)	(7.02%)	(8.41%)
Cash Flow	(0.93%)	(14.42%)	65.79%
Earnings	7.26%	0.00%	(36.89%)
Book Value	4.84%	9.27%	3.91%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,826	4,803	—	—	—
’25	3,828	4,711	4,399	5,157	18,095
’24	4,818	5,488	4,654	4,876	19,836
’23	5,342	6,567	5,986	6,792	24,687
’22	4,645	6,082	5,881	6,943	23,551
’21	4,096	5,169	4,746	5,485	19,496
’20	5,461	5,578	6,492	8,501	26,032

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	35	145	—	—	—
’25	162	772	659	945	2,538
’24	(894)	379	791	1,692	1,968
’23	(701)	(139)	232	1,515	907
’22	(887)	(271)	272	1,443	557
’21	372	1,049	471	2,190	4,082
’20	(532)	1,067	2,228	2,766	5,529

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(183)	(128)	—	—	—
’25	(102)	520	396	526	1,340
’24	(1,096)	162	500	1,216	782
’23	(898)	(402)	(92)	1,120	(272)
’22	(1,063)	(484)	73	1,129	(345)
’21	335	919	104	1,814	3,172
’20	(846)	772	1,850	1,906	3,682

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.01	0.11	—	—	—
’25	0.10	0.17	0.06	0.07	0.41
’24	0.31	0.34	0.24	0.14	0.99
’23	0.35	0.52	0.42	0.46	1.76
’22	0.24	0.40	0.41	0.43	1.49
’21	0.30	0.51	0.24	0.22	1.27
’20	(0.05)	0.26	(0.70)	0.12	(0.36)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	4.93	7.46	7.32	7.42	4.40	10.84	10.60	9.77	9.28	9.00	Analyst estimates 2026–2028 Powerpack
	High	8.05	11.87	13.62	10.44	11.29	17.14	17.13	17.98	13.30	14.27
People
People	Employees	62,828	63,356	64,625	63,499	64,016	71,895	40,070	40,220	35,850	34,197
	Revenue/emp, $m	0.40	0.44	0.46	0.44	0.41	0.27	0.59	0.61	0.55	0.53
Income, $m
Income, $m	Revenue	24,872	27,701	29,706	28,079	26,032	19,496	23,551	24,687	19,836	18,095
	Gross margin, %	21.44	22.13	22.72	22.25	18.07	27.63	28.68	31.79	32.70	31.53
	EBT	(9)	659	1,466	1,170	(505)	1,939	2,682	2,703	1,457	620
	EBT margin, %	(0.04)	2.38	4.94	4.17	(1.94)	9.95	11.39	10.95	7.35	3.43
	Net income	(249)	290	1,099	1,454	(438)	1,801	2,039	2,287	1,259	505
	Depreciation	1,261	1,350	1,337	1,215	1,172	537	535	564	605	629
Per share, $
Per share, $	Revenue	18.26	20.31	21.89	20.77	19.27	14.40	17.43	18.53	15.82	14.50
	Earnings	(0.18)	0.22	0.79	1.05	(0.36)	1.27	1.50	1.78	0.99	0.41
	Cash flow	1.55	2.10	1.88	1.35	4.09	3.01	0.41	0.68	1.57	2.03
	Capex	(1.07)	(1.63)	(1.40)	(1.41)	(1.37)	(0.67)	(0.67)	(0.89)	(0.95)	(0.96)
	Free cash flow	0.47	0.47	0.49	(0.06)	2.73	2.34	(0.26)	(0.20)	0.62	1.07
	Book value	3.27	3.10	3.73	4.53	3.69	5.03	5.13	6.08	6.15	6.23
	Shares, m	1,362	1,364	1,357	1,352	1,351	1,354	1,351	1,332	1,254	1,248
Valuation, ×
Valuation, ×	P/E	0.00	55.33	10.28	9.11	0.00	13.32	10.81	6.79	10.89	23.05
	P/S	0.44	0.58	0.37	0.46	0.58	1.17	0.92	0.66	0.72	0.64
	P/B	2.29	3.80	2.15	2.11	3.02	3.36	3.14	2.00	1.84	1.48
	EV/Sales	1.27	1.29	0.99	1.14	1.21	1.95	1.68	1.56	1.88	1.94
	EV/FCF	(126.53)	55.30	44.80	(426.93)	8.56	11.96	(114.78)	(141.46)	47.60	26.15
Cash, $m
Cash, $m	Operating cash flow	2,108	2,865	2,554	1,826	5,529	4,082	557	907	1,968	2,538
	Capex	(1,462)	(2,218)	(1,895)	(1,901)	(1,847)	(910)	(902)	(1,179)	(1,186)	(1,198)
	Free cash flow	646	647	659	(75)	3,682	3,172	(345)	(272)	782	1,340
Balance, $m
Balance, $m	Working capital	25,563	26,883	26,206	27,067	28,257	21,291	25,727	31,560	29,638	29,051
	Total debt	25,276	25,895	24,445	24,854	26,053	20,897	22,962	27,326	26,882	26,762
	Net debt	19,422	19,695	18,642	19,081	16,424	15,052	17,833	22,281	23,016	23,533
	Shareholders’ equity	4,451	4,232	5,068	6,121	4,989	6,808	6,927	8,096	7,713	7,772
Returns, %
Returns, %	ROA	(0.55)	0.58	2.26	3.04	(1.03)	3.51	4.57	5.31	2.79	1.19
	ROIC	5.67	7.22	8.63	7.17	4.58	9.31	10.36	10.04	7.59	5.56
	ROE	(5.42)	6.27	22.97	25.42	(8.87)	29.21	29.54	30.29	15.76	6.59

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DE Deere & Company	$175.4B	35.6×	32.2×	+4.91% (above 0%: growing)	+7.35% (above 0%: growing)	−20.06% (below 0%: shrinking)	37.03%	20.56%	Compare
PCAR PACCAR Inc.	$58.3B	23.3×	20.5×	+0.48% (above 0%: growing)	+3.62% (above 0%: growing)	−16.22% (below 0%: shrinking)	20.64%	14.56%	Compare
CNH CNH Industrial N.V.	$14.8B	46.6×	27.5×	+1.95% (above 0%: growing)	−35.29% (below 0%: shrinking)	−124.62% (below 0%: shrinking)	29.29%	13.66%
OSK Oshkosh Corporation	$8.0B	14.5×	12.2×	+6.70% (above 0%: growing)	−7.57% (below 0%: shrinking)	+814.92% (above 0%: growing)	16.48%	8.34%	Compare
AGCO AGCO Corporation	$7.4B	14.3×	20.4×	−0.96% (below 0%: shrinking)	−74.41% (below 0%: shrinking)	−66.49% (below 0%: shrinking)	24.75%	5.39%	Compare
FSS Federal Signal Corporation	$6.9B	24.0×	21.5×	+18.70% (above 0%: growing)	+19.49% (above 0%: growing)	+92.75% (above 0%: growing)	30.41%	17.64%	Compare
TEX Terex Corporation	$6.0B	25.6×	17.6×	+50.50% (above 0%: growing)	−11.82% (below 0%: shrinking)	+21.79% (above 0%: growing)	19.84%	8.36%	Compare
ALG Alamo Group, Inc.	$1.9B	18.0×	14.3×	+7.55% (above 0%: growing)	−0.77% (below 0%: shrinking)	+147.74% (above 0%: growing)	24.59%	10.15%	Compare
BLBD Blue Bird Corporation	$1.8B	6.8×	14.9×	+29.94% (above 0%: growing)	+366.38% (above 0%: growing)	−58.60% (below 0%: shrinking)	19.99%	12.12%	Compare
Median of peers	$7.2B	20.6×	19.0×	+7.13%	+1.43%	+2.79%	22.62%	11.14%

All 27 Farm & Heavy Construction Machinery stocks →