Farm & heavy construction machinery
7 companies · $157B combined revenue · $20.3B operating profit
The typical US-listed farm & heavy construction machinery company grew revenue -1.6% and earnings -31.6% in its latest year, at a 11.4% operating margin, and 2 of 5 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 0% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more0%
- Operating leverage · Operating income growing faster than a growing revenue20%
- Margin expansion · Operating margin up 1 point or more33%
- Debt reduction · Debt down 5% or more, or net cash17%
Combined revenue · 7 companies reporting in US dollars
Combined operating margin
All 7 companies
| Median | – | -1.6% | -31.6% | 11.4% | 12.6% | 0.93x |
| CATCaterpillar | $67.6B | 4.3%▲ | -17.7%▲ | 16.5%▲ | 18%▲ | 1.70x▼ |
| DEDEERE | $45.7B | -11.7%▼ | -29.2%▲ | 13.7%▲ | – | – |
| DOVDOVER | $8.1B | 4.5%▲ | -59.4%▼ | 17%▲ | 12.6% | 0.45x▲ |
| CNHCNH Industrial | $15.3B | -10%▼ | -59.1%▼ | – | – | 3.44x▼ |
| TTCTORO | $4.5B | -1.6% | -24.5%▲ | 9.1%▼ | 16.2%▲ | 0.63x▲ |
| AGCOAGCO | $10.1B | -13.5%▼ | – | 5.9%▼ | 7.3%▼ | 0.57x▲ |
| TEXTEREX | $5.4B | 5.7%▲ | -34%▼ | 8.8%▼ | 9.6%▼ | 1.23x▼ |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).