CNH Industrial N.V. (CNH)
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
- Symbol
- CNH
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Farm & Heavy Construction Machinery
- Market cap
- $17.18B
- 52 week range
- 9 - 14.46
Valuation
- Share price
- $13.75 (close of 2026-09-23)
- P/E (TTM)
- 53.38x
- Price to book
- 2.20x
- Price to free cash flow
- 9.63x
- Enterprise value
- $41.57B
- Book value per share
- $6.30
Price performance
| Period | Change |
|---|
| 1 day | +2.00% |
| 5 days | -1.79% |
| 1 month | +15.84% |
| 3 months | +37.64% |
| 6 months | +31.58% |
| Year to date | +49.13% |
| 1 year | +25.46% |
| 3 years | +11.88% |
| 5 years | -8.33% |
| 10 years | +116.88% |
| All time | +26.38% |
Profitability and growth
- Return on equity
- 6.56%
- Return on assets
- 1.19%
- Gross margin
- 19.27%
- Net margin
- 3.32%
- EBITDA margin
- 15.92%
- Revenue growth
- -10.05%
- Net income growth
- -59.07%
- Free cash flow growth
- 28.96%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 10.38%
- Net debt to EBITDA
- 9.68x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $15.35B
- Cost of revenue
- $12.39B
- Gross profit
- $2.96B
- EBITDA
- $2.44B
- Net income
- $510.00M
- Earnings per share
- $0.41
- Research and development
- $1.02B
- Interest expense
- $1.48B
- Shares outstanding
- 1.25B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $15.35B | $2.96B | $510.00M | $0.41 |
| 2024-12-31 | $17.06B | $3.71B | $1.25B | $0.99 |
| 2023-12-31 | $22.08B | $5.24B | $2.27B | $1.71 |
| 2022-12-31 | $21.54B | $4.74B | $2.03B | $1.50 |
| 2021-12-31 | $17.80B | $3.69B | $1.72B | $1.27 |
| 2020-12-31 | $13.08B | $1.93B | $-493.00M | $-0.36 |
| 2019-12-31 | $26.15B | $4.32B | $1.42B | $1.05 |
| 2018-12-31 | $27.83B | $4.87B | $1.07B | $0.79 |
| 2017-12-31 | $25.77B | $4.20B | $272.00M | $0.20 |
| 2016-12-31 | $23.22B | $3.80B | $-264.00M | $-0.19 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity |
|---|
| 2025-12-31 | 19.27% | 3.32% | 6.56% |
| 2024-12-31 | 21.75% | 7.30% | 16.15% |
| 2023-12-31 | 23.74% | 10.30% | 28.10% |
| 2022-12-31 | 22.02% | 9.42% | 29.29% |
| 2021-12-31 | 20.74% | 9.68% | 25.31% |
| 2020-12-31 | 14.76% | -3.77% | -9.88% |
| 2019-12-31 | 16.51% | 5.44% | 23.23% |
| 2018-12-31 | 17.51% | 3.84% | 21.07% |
| 2017-12-31 | 16.29% | 1.06% | 6.43% |
| 2016-12-31 | 16.35% | -1.14% | -6.11% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $2.58B |
| 2024-12-31 | $3.19B |
| 2023-12-31 | $4.32B |
| 2022-12-31 | $4.38B |
| 2021-12-31 | $5.04B |
| 2020-12-31 | $8.79B |
| 2019-12-31 | $4.88B |
| 2018-12-31 | $5.03B |
| 2017-12-31 | $5.43B |
| 2016-12-31 | $5.02B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $2.54B | $45.00M |
| 2024-12-31 | $1.97B | $71.00M |
| 2023-12-31 | $907.00M | $99.00M |
| 2022-12-31 | $557.00M | $87.00M |
| 2021-12-31 | $4.08B | $90.00M |
| 2020-12-31 | $5.53B | $30.00M |
| 2019-12-31 | $1.83B | $33.00M |
| 2018-12-31 | $2.55B | $35.00M |
| 2017-12-31 | $2.87B | $19.00M |
| 2016-12-31 | $634.00M | $3.00M |
Dividend history
- Most recent payment
- 2026-05-21
- Paid in the last twelve months
- $0.10
| Payment date | Dividend per share |
|---|
| 2026-05-21 | $0.10 |
| 2025-05-21 | $0.25 |
| 2024-05-10 | $0.47 |
| 2023-04-24 | $0.40 |
| 2022-04-19 | $0.30 |
| 2021-04-19 | $0.11 |
| 2019-04-23 | $0.18 |
| 2018-04-23 | $0.15 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-06
- Consensus EPS estimate
- $0.10
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-03 | Jun/2026 | $0.11 |
| 2026-04-30 | - | - |
| 2026-02-17 | - | - |
| 2025-11-07 | - | - |
| 2025-08-01 | - | - |
| 2025-05-02 | - | - |
| 2025-05-01 | - | - |
| 2025-02-04 | - | - |
Filings and sources
- Company website
- cnh.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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