CNH Industrial N.V. (CNH) vs Terex Corporation (TEX)

CNH Industrial N.V. and Terex Corporation are both Farm & Heavy Construction Machinery companies. CNH Industrial N.V. is the larger, with a market value of $14.8B against $6.0B — 2.5× the size. Terex Corporation trades at the lower P/E: 25.6× against 46.6×. Terex Corporation grew revenue faster over the last twelve months: 29.2% against 0.64%. Terex Corporation has the higher net margin (2.23% vs 1.71%) and the lower return on invested capital (3.31% vs 4.91%). Both pay a dividend; Terex Corporation yields more (1.34% vs 0.86%). Across the 22 metrics below, Terex Corporation leads on 16 and CNH Industrial N.V. on 6.

Valuation

Metric CNH TEX Farm & Heavy Construction Machinery median
P/E 46.56 25.59 23.28
P/S 0.79 0.87 0.75
P/B 1.85 1.17 1.43
Price to free cash flow 23.58 16.92 22.25
EV/EBITDA 12.18 12.93 11.41
EV/Sales 2.08 1.21 1.14
Earnings yield 2.15% 3.91% 2.83%
Free cash flow yield 4.24% 5.91% 2.91%

Profitability

Metric CNH TEX Farm & Heavy Construction Machinery median
Gross margin 30.55% 17.16% 24.21%
Operating margin 13.52% 5.72% 4.47%
Net margin 1.71% 2.23% 1.49%
Free cash flow margin 3.36% 5.12% 2.15%
Return on equity 3.99% 4.33% 3.99%
Return on assets 0.72% 1.81% 1.31%
Return on invested capital 4.91% 3.31% 3.36%

Growth

Metric CNH TEX Farm & Heavy Construction Machinery median
Revenue growth (TTM) 0.64% 29.17% 2.18%
EPS growth (last fiscal year) (58.59%) (32.86%) (27.79%)
Revenue growth, 5-year CAGR (7.02%) 12.00% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CNH TEX Farm & Heavy Construction Machinery median
Debt to equity 3.33 0.55 0.67
Current ratio 12.23 1.82 1.98
Net debt to EBITDA 6.90 2.86 1.12

Dividend

Metric CNH TEX Farm & Heavy Construction Machinery median
Dividend yield 0.86% 1.34% 1.34%
Payout ratio 0.40 0.35 0.30

Size

Metric CNH TEX Farm & Heavy Construction Machinery median
Market cap 14.79b 6.02b 808.87m

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