CNH Industrial N.V.CNH
NYSE•Industrials•Farm & Heavy Construction Machinery
CNH Industrial N.V., an equipment company, engages in the develops, manufacture, and sale agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services. The Agriculture segment develops, manufactures, distributes, and supports agriculture equipment, implements, and precision agriculture solutions, such as tractors, harvesters, hay and forage equipment, seeding and planting equipment, and self-propelled sprayers under Case IH, New Holland, STEYR, and Raven brands. The Construction segment develops, manufactures, distributes, and supports construction equipment comprising excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders under the New Holland Construction, Case Construction, and Eurocomach brands. The Financial Services segment provides and administers financing to end-use customers for the purchase of new and used agricultural and construction equipment and components, as well as revolving charge account financing and other financial services under the Banco CNH brand. This segment also offers wholesale financing to CNH dealers and distributors, as well as trade receivables factoring services. CNH Industrial N.V. was founded in 1842 and is headquartered in Basildon, the United Kingdom
CNH Industrial N.V. (CNH) reported trailing twelve months revenue of $18.09B as of March 2026, a 4.0% decline year-over-year. Quarterly revenue reached $3.83B, reflecting a contraction in sales.
CNH Industrial N.V. generated $386.00M in TTM net income, with quarterly EBITDA of $215.00M. The operating margin contracted from 7.1% to 2.6%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (2.6%) and net margin (0.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 3.4% a year ago, reflecting increased costs or interest expense.
CNH trades at a P/E of 33.4x (a premium multiple) and a P/S of 0.7x. The price-to-book ratio of 1.7x reflects a moderate premium to book value.
The company reported negative free cash flow of $-183.00M, indicating cash consumption over the period. The balance sheet shows $42.04B in total assets with no in long-term debt against $7.81B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 15 quarters of fundamental data
Operating margins are positive at ~14.1% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~13.2% on average, adequate but below the threshold typically associated with wide moats.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 15 quarters
Operating margins dropped 73.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
TTM revenue has contracted 13.7% — significant decline indicating deteriorating demand.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation