CNH Industrial N.V. (CNH) Stock Price & How to Invest

CNH Industrial N.V. designs, builds, and finances agricultural and construction equipment through brands including Case IH, New Holland, STEYR, and CASE Construction, plus a captive financing arm (CNH Industrial Capital). Agriculture is roughly 82% of industrial net sales and construction the remaining ~18%, giving the company heavy exposure to global farm income, crop prices, and dealer inventories. It is the second-largest ag-machinery manufacturer in the world after Deere, with a large installed base and a growing push into precision-agriculture technology.

The investment picture in 2026 is defined by a cyclical downturn. Full-year 2025 revenue fell about 9% to roughly $18.1 billion and net income dropped to about $505 million from $1.26 billion in 2024, and management is guiding to a further ~5% decline in global ag-equipment demand in 2026 before an expected industry recovery in 2027. That makes CNH a classic trough-cycle name: the near-term earnings are depressed and tariff plus Brazil-credit pressures are real, while the bull case rests on normalization of dealer inventories and a demand rebound that has not yet arrived.

CNH sits in one of the more cyclical corners of industrials, and a prolonged ag downturn would keep volumes, pricing, and margins under pressure well past the expected 2027 recovery. Q1 2026 showed how quickly profits can compress: net income fell to roughly $10 million from over $130 million a year earlier, hurt by low North American demand, tariffs that management estimates as a ~210 to 220 basis-point drag on ag margins, and elevated Brazil credit costs. The captive finance book carries credit and interest-rate risk, and a weaker-than-hoped recovery could pressure the dividend, which was already modest at about $0.10 per share. Currency swings, commodity-price weakness that cuts farmer buying power, and intense competition from a better-capitalized Deere all add to the uncertainty.

19 analysts publish price targets on CNH, averaging $13.28 against a $10.25 price as of August 2026, or +29.6%. The published targets run from $10.00 to $20.50, a wide spread, and the ratings split 10 buy, 8 hold, 1 sell. Over the last six months there have been 4 raises and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full CNH forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on CNH Industrial N.V.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Ag-equipment cycle turning up. Management frames 2026 as a trough year, with global agricultural-equipment demand expected to fall about 5% before an industry recovery in 2027. The most optimistic published target, $20.50, assumes this works close to its best case.

The case against. CNH sits in one of the more cyclical corners of industrials, and a prolonged ag downturn would keep volumes, pricing, and margins under pressure well past the expected 2027 recovery. The most pessimistic target, $10.00, is roughly what CNH is worth if this bites instead.

Read the full bull and bear case on CNH, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see CNH Industrial N.V.'s investor relations page or your broker.

• Revenue (FY2025): ~$18.1B
• Net income (FY2025): ~$505M
• Adjusted diluted EPS (FY2025): ~$0.55
• 2026 adjusted EPS guidance: ~$0.35 to $0.45
• Market cap: ~$12-13B
• Forward P/E: ~25x

CNH's headline valuation looks elevated on a forward P/E of roughly 25x because earnings are depressed at the bottom of the cycle, a common pattern for cyclical industrials where the multiple peaks on trough earnings. Full-year 2025 revenue fell about 9% and net income more than halved versus 2024, and 2026 guidance points to further softness before a hoped-for 2027 recovery. The stock trades around low-double-digit dollars per share with a small dividend near $0.10 annually.

If you want CNH exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to CNH: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get CNH exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (DFAT), which spreads the position across many companies. Or build it into a focused thematic portfolio, so CNH sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where CNH fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

CNH is a global ag and construction equipment maker trading through the trough of a demand down-cycle, so the story hinges on when farm-equipment spending recovers and how well management defends margins in the meantime.

Whether CNH is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CNH a buy or a sell?, and where the stock could go from here in the CNH stock forecast.

For income investors, whether CNH pays a dividend and how the payout looks is covered in does CNH pay a dividend? And to weigh CNH against a peer, read the full side-by-side comparisons: CNH vs AGCO and CNH vs FERG.