CNH Industrial N.V.
- Open
- 12.11
- Day high
- 12.25
- Day low
- 11.69
- Prev close
- 11.68
- Volume
- 101.3M
- Mkt cap
- $14.6B
- P/E (TTM)
- 47.6
- EPS (TTM)
- $0.25
- P/B
- 1.9
- P/S
- 0.8
- Yield
- 0.85%
- Per share
- $0.10
CNH Industrial N.V. (CNH) is a Industrials company listed on NYSE. The stock is up 9% over the past year. Drillr has 1 published research article covering CNH.
CNH Industrial N.V. (CNH) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CNH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 3, 2026 | $0.10 | $0.13 | +25.0% | $4.8B | +0.9% |
| Apr 30, 2026 | $0.01 | $0.01 | +0.0% | $3.8B | +1.1% |
| Feb 17, 2026 | $0.11 | $0.19 | +74.3% | $5.2B | +31.9% |
| Nov 7, 2025 | $0.13 | $0.08 | -38.9% | $4.4B | +3.4% |
| Aug 1, 2025 | $0.16 | $0.17 | +6.3% | $4.7B | +11.7% |
| May 1, 2025 | $0.09 | $0.10 | +9.6% | $3.8B | +2.2% |
| Feb 4, 2025 | $0.19 | $0.15 | -21.1% | $4.9B | +29.7% |
| Nov 7, 2024 | $0.28 | $0.24 | -14.3% | $4.7B | -6.1% |
| Jul 31, 2024 | $0.37 | $0.38 | +2.7% | $5.5B | +19.8% |
| May 2, 2024 | $0.26 | $0.33 | +26.9% | $4.8B | +5.2% |
| Feb 14, 2024 | $0.41 | $0.42 | +2.4% | $6.8B | +1.9% |
CNH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | Palmer Richard Keithdirector | Grant | 5,634 | — |
| May 27, 2026 | Bastoni Elizabeth A.director | Grant | 5,634 | — |
| May 27, 2026 | Sorensen Vagn Odirector | Grant | 5,634 | — |
| May 27, 2026 | Nasi Alessandrodirector | Grant | 5,634 | — |
| May 27, 2026 | Buffett Howard W.director | Grant | 5,634 | — |
| May 27, 2026 | Simonelli Lorenzodirector | Grant | 5,634 | — |
| May 27, 2026 | Tutino Francesco Vincenzo Mariaofficer: Chief Human Resources Officer | Grant | 34,997 | — |
| May 27, 2026 | Worthen Britton M.officer: See Remarks | Grant | 27,888 | — |
| May 27, 2026 | MacLeod Douglasofficer: President, Financial Services | Grant | 19,057 | — |
| May 27, 2026 | Nickolas James AJofficer: Chief Financial Officer | Grant | 95,863 | — |
| May 27, 2026 | Pampalone Stefanoofficer: See Remarks | Grant | 44,899 | — |
| May 27, 2026 | Heywood Suzannedirector | Grant | 41,080 | — |
| May 27, 2026 | Chishti Humayunofficer: President, Construction | Grant | 15,469 | — |
| May 27, 2026 | Schroeder Jayofficer: Chief Technology Officer | Grant | 23,472 | — |
| May 27, 2026 | Linehan Karendirector | Grant | 5,634 | — |
Source: CNH SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full CNH insider & 13F page →CNH Industrial N.V. company profile
Overview
CNH Industrial N.V. (NYSE:CNH) is a global manufacturer of heavy machinery founded through the merger of Case Corporation and New Holland in 1999, with roots tracing back to the 19th century through its predecessor companies. The company operates as one of the world's largest agricultural and construction equipment manufacturers, serving customers through an extensive dealer network of over 3,600 locations worldwide. CNH Industrial is headquartered in London, UK, and has manufacturing facilities across multiple continents. The company went public in 1996 and was previously dual-listed on both the New York Stock Exchange and Milan Stock Exchange before delisting from Milan in 2023 to focus solely on NYSE trading.
Business
CNH Industrial operates in the heavy machinery manufacturing industry, specifically focusing on agricultural and construction equipment. The company's business is organized into three primary segments that serve distinct market needs. The Agriculture segment represents the company's largest business unit, accounting for approximately 65-70% of total revenues. This division manufactures and sells a comprehensive range of farming equipment under well-known brands including Case IH, New Holland Agriculture, and Steyr. The product portfolio includes tractors ranging from compact utility models to high-horsepower machines exceeding 600 horsepower, combine harvesters for grain crops, hay and forage equipment, tillage tools, planting equipment, and application machinery for fertilizers and crop protection products. These machines are essential for modern farming operations, enabling farmers to plant, cultivate, harvest, and process crops efficiently across thousands of acres. The Construction segment generates approximately 25-30% of revenues and produces heavy equipment for construction, infrastructure, and industrial applications. This includes excavators for digging and earthmoving, wheel loaders for material handling, backhoe loaders that combine digging and loading capabilities, skid steer loaders for compact job sites, motor graders for road construction, and specialized equipment for quarrying and mining operations. These machines are crucial for building roads, structures, and infrastructure projects worldwide. The Financial Services segment contributes roughly 5-10% of revenues but plays a strategic role in supporting equipment sales. This division provides retail financing directly to end customers purchasing CNH equipment, wholesale financing to dealers to maintain inventory, insurance products, and extended warranty programs. The financial services arm manages a portfolio of nearly $29 billion in assets and helps facilitate equipment purchases that might otherwise be difficult for customers to finance, particularly given the high cost of modern agricultural and construction machinery which can range from tens of thousands to over one million dollars per unit.
Competitive moat
CNH Industrial operates in a moderately moated industry with several competitive advantages, though these moats face ongoing challenges from technological disruption and global competition. The company's strongest moat lies in its extensive dealer network and service infrastructure. With over 3,600 dealer locations worldwide, CNH has built relationships and service capabilities that are difficult and expensive for competitors to replicate. Agricultural and construction equipment requires specialized maintenance, parts availability, and technical support - farmers and contractors typically prefer to purchase from manufacturers with strong local dealer presence. This network also provides valuable market intelligence and customer relationships that have been built over decades. Brand recognition and customer loyalty represent another significant advantage. The Case IH and New Holland brands have served farmers for generations, creating strong emotional connections and trust relationships. In agriculture particularly, equipment purchases are often influenced by family tradition and proven performance over many years. The high cost and long service life of equipment makes customers risk-averse, favoring established brands with proven reliability. The company benefits from economies of scale in manufacturing, R&D, and procurement that smaller competitors cannot match. Developing modern agricultural and construction equipment requires substantial engineering resources and testing capabilities. CNH's global manufacturing footprint allows for cost optimization and market access advantages. However, these moats face significant challenges. Technology disruption from precision agriculture, autonomous equipment, and electrification could potentially allow new entrants to leapfrog traditional manufacturers. Asian competitors, particularly from China and India, are increasingly competitive on price and quality, especially in smaller equipment segments. The industry's cyclical nature and capital intensity make it vulnerable to economic downturns, and consolidation pressures from other large players like John Deere, Caterpillar, and AGCO create ongoing competitive intensity. Additionally, the company's high debt levels and capital requirements limit financial flexibility compared to some competitors.
Risks & safety
CNH Industrial presents a moderate margin of safety profile with mixed financial health indicators that require careful consideration. **Overall Assessment:** The company shows reasonable financial stability but operates with high leverage and cyclical earnings volatility that creates meaningful risks. **Cash and Debt Position:** - Cash and short-term investments: $1.7 billion (Q1 2025) - Debt-to-equity ratio: 3.35x, indicating high leverage - Current ratio: 7.96x, showing strong short-term liquidity - Free cash flow: -$102 million (Q1 2025), negative but improving from seasonal patterns - Financial Services portfolio provides stable cash generation of ~$29 billion in managed assets **Valuation Metrics:** - P/E ratio: 29.2x (Q1 2025), elevated due to cyclical earnings trough - EV/EBITDA: 14.8x, reflecting current market conditions - Price-to-book: 1.96x, reasonable for industrial company - Graham number suggests potential undervaluation at current levels **Other Considerations:** - Highly cyclical industry creates earnings volatility and unpredictable cash flows - Strong dealer network and aftermarket revenue provide some stability - Exposure to commodity price cycles and global economic conditions - Management implementing cost reduction programs and inventory optimization strategies
Recent development
Over the past several years, CNH Industrial has undergone significant strategic transformation focused on operational efficiency, technology advancement, and portfolio optimization. The company has been navigating a challenging agricultural downturn while positioning itself for future growth through several key initiatives. **Operational Restructuring:** CNH has implemented aggressive cost reduction programs, achieving $600 million in run-rate savings by the end of 2024. The company reduced its salaried workforce by 5% and closed the Burlington manufacturing plant as part of broader efficiency initiatives. Production hours have been dramatically cut - down 34% in Q4 2024 for agriculture and over 40% for certain product lines - as management focuses on reducing dealer inventories that had grown excessive during the post-pandemic demand surge. **Technology and Digital Innovation:** The company has made substantial investments in precision agriculture technology, launching the FieldOps digital farm management platform and partnering with Intelsat for satellite connectivity solutions. CNH acquired Hemisphere to enhance its positioning and guidance technology capabilities, reflecting a strategic shift toward integrating advanced technology with traditional "iron" manufacturing. The company is developing autonomous equipment capabilities and exploring electrification opportunities across its product portfolio. **Leadership Changes:** The organization has experienced significant leadership transitions, with CEO Scott Wine departing in 2024 to be replaced by Gerrit Marx. CFO Oddone Incisa stepped down in Q1 2025, replaced by Jim Nickolas, alongside other key executive appointments including new CIO, CHRO, and Chief Communications Officer positions. **Portfolio Focus:** Management designated agriculture as the core business while positioning construction as a distinct, independent operation. This strategic clarity has led to more focused resource allocation and operational improvements in both segments. **Market Challenges and Adaptation:** The company has been actively managing through a significant agricultural industry downturn, with global demand expected to decline 5-10% in 2025. CNH has responded with inventory reduction strategies, working to decrease dealer inventories by over $1 billion globally, while implementing targeted pricing strategies and exploring supply chain optimization to mitigate potential tariff impacts on imported components.
CNH company profile · for informational purposes only — not investment advice.
Track CNH with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free