CNH Industrial N.V. (CNH) vs Deere & Company (DE)

CNH Industrial N.V. and Deere & Company are both Farm & Heavy Construction Machinery companies. Deere & Company is the larger, with a market value of $175.4B against $14.8B — 11.9× the size. Deere & Company trades at the lower P/E: 35.6× against 46.6×. Deere & Company grew revenue faster over the last twelve months: 7.99% against 0.64%. Deere & Company has the higher net margin (10.2% vs 1.71%) and the higher return on invested capital (4.93% vs 4.91%). Both pay a dividend; Deere & Company yields more (1.01% vs 0.86%). Across the 23 metrics below, Deere & Company leads on 18 and CNH Industrial N.V. on 5.

Valuation

Metric CNH DE Farm & Heavy Construction Machinery median
P/E 46.56 35.56 23.28
P/S 0.79 3.61 0.75
P/B 1.85 6.19 1.43
Price to free cash flow 23.58 21.62 22.25
EV/EBITDA 12.18 19.40 11.41
EV/Sales 2.08 4.73 1.14
Earnings yield 2.15% 2.81% 2.83%
Free cash flow yield 4.24% 4.62% 2.91%

Profitability

Metric CNH DE Farm & Heavy Construction Machinery median
Gross margin 30.55% 36.59% 24.21%
Operating margin 13.52% 19.47% 4.47%
Net margin 1.71% 10.16% 1.49%
Free cash flow margin 3.36% 16.69% 2.15%
Return on equity 3.99% 18.33% 3.99%
Return on assets 0.72% 4.52% 1.31%
Return on invested capital 4.91% 4.93% 3.36%

Growth

Metric CNH DE Farm & Heavy Construction Machinery median
Revenue growth (TTM) 0.64% 7.99% 2.18%
EPS growth (last fiscal year) (58.59%) (27.79%) (27.79%)
Revenue growth, 5-year CAGR (7.02%) 5.15% 7.34%
Net income growth, 5-year CAGR 0.00% 12.81% 0.00%

Health

Metric CNH DE Farm & Heavy Construction Machinery median
Debt to equity 3.33 2.28 0.67
Current ratio 12.23 2.10 1.98
Net debt to EBITDA 6.90 4.65 1.12

Dividend

Metric CNH DE Farm & Heavy Construction Machinery median
Dividend yield 0.86% 1.01% 1.34%
Payout ratio 0.40 0.36 0.30

Size

Metric CNH DE Farm & Heavy Construction Machinery median
Market cap 14.79b 175.44b 808.87m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack