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.

Ticker
CNH
Exchange
NYSE
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Market cap
$14.31B
52-week range
$9.00 - $14.46

Valuation

Share price
$11.56 (close of Nov 6, 2026)
P/E (TTM)
44.46x
Price to book
1.84x
Price to free cash flow
23.42x
Enterprise value
$38.70B
Book value per share
$6.30

Price performance

PeriodChange
1 day+2.76%
5 days-1.70%
1 month-12.89%
3 months+6.54%
6 months+6.84%
Year to date+25.38%
1 year+12.67%
3 years+1.94%
5 years-24.84%
10 years+85.26%
All time+6.26%

Short interest

As of
Oct 15, 2026
Short % of float
5.53%
Shares short
48.07M
Days to cover
3.09
Change since prior report
-5.83%
Source
FINRA consolidated short interest

Members of Congress who disclosed CNH trades

Lisa McClain

Super investors holding CNH

Bill Nygren (Harris Associates LP) · Tweedy Browne (Tweedy Browne Company LLC) · First Pacific Advisors (First Pacific Advisors, LP) · David Einhorn (DME Capital Management) · Mason Hawkins (Southeastern Asset Management) · Ken Griffin (Citadel)

Profitability and growth

Return on equity
6.56%
Return on assets
1.19%
Gross margin
19.27%
Net margin
3.32%
EBITDA margin
16.99%
Revenue growth
-10.05%
Net income growth
-59.07%
Free cash flow growth
71.36%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.27%
Net debt to EBITDA
9.68x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$15.35B
Cost of revenue
$12.39B
Gross profit
$2.96B
EBITDA
$2.61B
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 endRevenueGross profitNet incomeEPS
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 endGross marginNet marginReturn on equityReturn on capital
2025-12-3119.27%3.32%6.56%-
2024-12-3121.75%7.30%16.15%-
2023-12-3123.74%10.30%28.10%-
2022-12-3122.02%9.42%29.29%-
2021-12-3120.74%9.68%25.31%-
2020-12-3114.76%-3.77%-9.88%-
2019-12-3116.51%5.44%23.23%-
2018-12-3117.51%3.84%21.07%-
2017-12-3116.29%1.06%6.43%28.50%
2016-12-3116.35%-1.14%-6.11%26.71%

Cash and debt by year

Period endCash
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 endFree cash flowStock-based compensation
2025-12-31$1.34B$45.00M
2024-12-31$782.00M$71.00M
2023-12-31-$288.00M$99.00M
2022-12-31-$442.00M$87.00M
2021-12-31$3.16B$90.00M
2020-12-31$4.68B$30.00M
2019-12-31-$136.00M$33.00M
2018-12-31$652.00M$35.00M
2017-12-31$630.00M$19.00M
2016-12-31$634.00M$3.00M

Dividend history

Most recent payment
May 21, 2026
Paid in the last twelve months
$0.10
Payment dateDividend 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
Nov 9, 2026
Consensus EPS estimate
$0.10

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun 2026$0.11
2026-04-30Mar 2026$0.01
2026-02-17Dec 2025$0.11
2025-11-07Sep 2025$0.13
2025-08-01Jun 2025$0.16
2025-05-01Mar 2025$0.09
2025-02-04Dec 2024$0.19
2024-11-07Sep 2024$0.28

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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