CNH Industrial N.V. Common Shares (CNH)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business and the numbers filed with regulators. In fiscal 2023, the year ended 2023-12-31, CNH reported revenue of $22.1 billion, net income of $2.3 billion, and diluted EPS of $1.69. By fiscal 2025, the year ended 2025-12-31, revenue had fallen to $15.3 billion, net income to $510.0 million, and diluted EPS to $0.41. Fiscal 2024, the year ended 2024-12-31, sat between those with revenue of $17.1 billion, net income of $1.2 billion, and diluted EPS of $0.99. The latest filed quarter, fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $4.1 billion, net income of $138.0 million, and diluted EPS of $0.11, versus fiscal Q2 2025, the quarter ended 2025-06-30, with revenue of $4.0 billion, net income of $213.0 million, and diluted EPS of $0.17. So revenue is not collapsing further, but profit is much lower. At the 2026-10-13 close of $12.17, FairStock's calculations give a P/E of 48.68, P/B of 1.94, ROE of 3.91%, ROCE of 0.87%, FCF yield of 4.1%, Graham Number of $5.21, and margin of safety of -133.59%. Those are not the marks of a cheap, high-return compounder. The Piotroski F-Score is 6/9 and the Altman Z-Score is 1.53, suggesting some accounting strength but real balance-sheet risk. FairStock classifies CNH as CYCLICAL — Farm & Heavy Construction Machinery, because earnings follow the economic cycle. The company still produced $611.0 million of trailing free cash flow, a 4.1% FCF yield, which is a positive. But with low returns on capital and high debt, the filings need to show an earnings recovery before the current multiple can be justified. The price may reflect hope for a cycle rebound; the filings show the rebound has not yet arrived.

In plain English: The company makes farm and construction equipment and also runs a financial services arm. The business has weakened lately: sales and profits have fallen from their recent peaks, and it carries a lot of debt. At the recent price, the stock looks expensive compared with the company's recent profits and the value shown in its books, even though it is below its 52-week high.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer