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CNH Industrial
(NYSE:CNH)
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Rating:51Neutral
Price Target:
$10.00
▼(-5.57% Downside)
Action:Reiterated
Date:04/30/26
The score is held back mainly by deteriorated earnings (revenue declines and sharply lower net margins) and a leveraged balance sheet, alongside bearish technicals with the stock trading below key moving averages. Partly offsetting these risks are improved recent free cash flow and a moderate dividend yield, while the latest guidance was reaffirmed but cautious due to tariffs and regional demand weakness.
Positive Factors
Recurring parts & service revenue
A substantial installed base plus parts and service revenue creates durable, higher-frequency cash streams that smooth cyclicality from new-equipment sales. Over 2–6 months this supports revenue resilience, dealer engagement, and customer retention, underpinned by CNH’s global brands and distribution.
Negative Factors
Elevated financial leverage
High debt-to-equity leaves limited financial flexibility if the cycle weakens or capex needs rise. In a capital-goods model with volatile sales, elevated leverage increases refinancing and covenant risk, constrains investment optionality, and amplifies downside in prolonged demand slumps.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring parts & service revenue
A substantial installed base plus parts and service revenue creates durable, higher-frequency cash streams that smooth cyclicality from new-equipment sales. Over 2–6 months this supports revenue resilience, dealer engagement, and customer retention, underpinned by CNH’s global brands and distribution.
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
$12.73B
Dividend Yield2.67%
Average Volume (3M)10.88M
Price to Earnings (P/E)33.3
Beta (1Y)0.81
Revenue Growth-4.04%
EPS Growth-62.88%
CountryUS
Employees35,850
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.31
Shares Outstanding1,239,950,600
10 Day Avg. Volume10,625,076
30 Day Avg. Volume10,880,395
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 Cap2.93
Enterprise Value/Revenue2.06
Enterprise Value/Gross Profit6.58
Enterprise Value/Ebitda13.95
Forecast
1Y Price Target
$13.08Price Target Upside23.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.41
Revenue Forecast (FY)$17.89B
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 (the largest source of revenue), including tractors, harvesters, planting and seeding equipment, hay and forage equipment, and construction machinery such as back...
CNH Industrial Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: management executed disciplined operational moves (inventory control, production discipline, manufacturing cost projects, tech rollouts) and reaffirmed guidance, with solid order coverage and regional product momentum (notably EMEA). However, significant headwinds — including tariff changes (materially increasing construction margin pressure), steep weakness in South America (-28% sales), compressed agricultural margins (ag EBIT margin down to 1%), an industrial EBIT loss of $45M, a large Q1 industrial cash outflow ($569M), and Financial Services credit strain in Brazil — materially offset many positives. Given the comparable weight of constructive operational progress and persistent, material macro and tariff-driven challenges, the overall tone is balanced but cautious.Positive Updates
Consolidated Revenue Stability
Consolidated revenues of $3.8 billion were flat year-over-year, including ~4% positive currency translation, in line with company guidance.
Negative Updates
Compressed Agriculture Margins and Profitability
Agriculture gross margin declined to 19.1% from 20.0% a year ago; agriculture adjusted EBIT margin fell to 1.0% from 5.4% in Q1 2025, with tariff impacts, negative mix and higher R&D/SG&A contributing.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Stability
Consolidated revenues of $3.8 billion were flat year-over-year, including ~4% positive currency translation, in line with company guidance.
Read all positive updates
Company Guidance
Management reaffirmed 2026 guidance: industrial net sales flat to down 4% y/y, industrial EBIT margin 2.5–3.5%, industrial free cash flow $150–$350M and adjusted EPS $0.35–$0.45 (assuming ~1.25B average shares). Agriculture: net sales roughly flat to down 5% (currency +2%, pricing +1.5–2%), EBIT margin 4.5–5.5% and a tariff headwind of ~210–220 bps; Construction: net sales ~flat (currency +1%, pricing +2%), EBIT margin 1–2% with a tariff impact now ~600 bps. Near-term color: Q2 ag sales ~flat y/y, Q2 construction sales up mid-teens (Q2 CE expected above breakeven), Financial Services Q2 net income down $20–25M y/y. Company targets dealer destocking of ~$500M this year; reminded investors of Q1 metrics (consolidated revenues $3.8B, ag Q1 sales ~$2.6B, Q1 adjusted EPS $0.01, industrial FCF outflow $569M).CNH Industrial Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
42
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.09B | 18.10B | 19.84B | 24.69B | 23.55B | 19.49B |
| Gross Profit | 5.68B | 5.69B | 6.49B | 7.85B | 6.97B | 5.40B |
| EBITDA | 2.68B | 2.87B | 3.67B | 4.61B | 3.88B | 2.98B |
| Net Income | 386.00M | 510.00M | 1.25B | 2.27B | 2.03B | 1.72B |
Balance Sheet | ||||||
| Total Assets | 42.04B | 42.75B | 42.93B | 46.27B | 39.38B | 49.42B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60B | 3.23B | 3.19B | 4.32B | 4.38B | 5.04B |
| Total Debt | 26.19B | 27.03B | 27.16B | 27.63B | 23.19B | 31.16B |
| Total Liabilities | 34.17B | 34.92B | 35.16B | 38.12B | 32.41B | 42.56B |
| Stockholders Equity | 7.77B | 7.73B | 7.65B | 8.03B | 6.93B | 6.78B |
Cash Flow | ||||||
| Free Cash Flow | 1.84B | 2.00B | 782.00M | -288.00M | -442.00M | 3.16B |
| Operating Cash Flow | 2.41B | 2.54B | 1.97B | 907.00M | 557.00M | 4.08B |
| Investing Cash Flow | -1.05B | -1.38B | -2.77B | -3.70B | -3.01B | -5.00B |
| Financing Cash Flow | -1.59B | -2.02B | -67.00M | 2.60B | 1.96B | -1.45B |
CNH Industrial Technical Analysis
Negative
10.59
Price Trends
10.52
Negative
10.83
Negative
10.54
Negative
Market Momentum
<0.01
Positive
44.58
Neutral
19.45
Positive
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 10.59 is below the 20-day moving average (MA) of 10.59, above the 50-day MA of 10.52, and above the 200-day MA of 10.54, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.58 is Neutral, neither overbought nor oversold. The STOCH value of 19.45 is Positive, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $436.72B | 46.50 | 47.51% | 0.98% | 11.85% | -2.07% | |
68 Neutral | $8.73B | 15.81 | 12.85% | 1.56% | -0.92% | -4.01% | |
65 Neutral | $64.47B | 26.17 | 12.81% | 3.83% | -14.13% | -28.77% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $8.24B | 10.91 | 17.90% | 1.10% | -3.80% | ― | |
61 Neutral | $161.08B | 33.52 | 18.25% | 1.34% | 3.98% | -14.68% | |
51 Neutral | $12.73B | 33.30 | 4.99% | 2.67% | -4.04% | -62.88% |
* Industrials Sector Average
CNH
CNH Industrial
10.28
-3.39
-24.79%
AGCO
Agco
113.26
0.62
0.55%
CAT
Caterpillar
938.39
534.43
132.30%
DE
Deere
592.90
80.12
15.63%
OSK
Oshkosh
142.77
17.55
14.01%
PCAR
Paccar
123.28
26.51
27.39%
CNH Industrial Corporate Events
Business Operations and StrategyFinancial Disclosures
CNH Industrial Q1 Profit Plunges but Guidance Reaffirmed
Negative
Apr 30, 2026
On April 30, 2026, CNH Industrial reported first-quarter 2026 consolidated revenues of $3.83 billion, flat year-on-year, but net income fell sharply to $10 million from $132 million a year earlier, with diluted earnings per share down to $0.01. Ad...
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.