CNH
CNH Industrial N.V.
Industrials • CIK: 0001567094
Loading...
Market Cap
$11.51B
P/E (TTM)
23.1x
Rev Growth (TTM)
-8.8%
Net Margin (TTM)
2.8%
FCF Yield (TTM)
22.1%
FCF Margin (TTM)
14.0%
Cash Flow Health
Free Cash Flow7/8 positive
TTM$2.5B
Q4 '25
$945M+43%
Q3 '25
$659M-15%
FCF Margin
TTM14.0%
Q4 '2518.3%+22%
Sector: 5.4%Top 25%
OCF Margin14.0%
OCF/NI4.98x
CapEx Coverage–
FCF Yield22.1%
FCF Growth (2Y)+66%
Cash Conversion Cycle
151 days
DSO: 0+DIO: 151−DPO: 0
Capital Allocation & Returns
Balanced
Total Shareholder YieldEst.
Est.2.7%
Div Yield2.7%
+Est. Buyback11.6%
Balancing returns with reinvestment
Dividend & Payout Metrics
Dividend Yield (TTM)2.7%
FCF Payout Ratio12.3%
Free Cash Flow (TTM)$2.5B
Capital Return / FCF13.1%
Est. Dividends Paid (TTM)$312.1M
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
22.3%
Moderate
+0.0% YoY-31.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
8.9%
8Q: 14.0%
Asset Turnover
0.42x
8Q: 0.43x
Leverage (1+D/E)
–
Asset & CapEx Efficiency
Fixed Asset Turn
8.61x
8Q:9.51x
-211.8%
Invested Cap Turn
2.52x
8Q:2.67x
-25.2%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $18.1B | $5.2B↑17.2% | $4.4B↓6.6% | $4.7B↑23.1% | $3.8B↓21.5% | $4.9B↑4.8% | $4.7B↓15.2% | $5.5B↑13.9% | $4.8B |
Operating Income | $2.8B | $719.0M↑25.3% | $574.0M↓30.3% | $823.0M↑19.4% | $689.0M↓23.5% | $901.0M↑2.7% | $877.0M↓19.4% | $1.1B↑10.6% | $984.0M |
Net Income | $510.0M | $86.0M↑7.5% | $80.0M↓62.4% | $213.0M↑62.6% | $131.0M↓24.3% | $173.0M↓43.5% | $306.0M↓23.3% | $399.0M↑8.4% | $368.0M |
Operating Cash Flow | $2.5B | $945.0M↑43.4% | $659.0M↓14.6% | $772.0M↑376.5% | $162.0M↓90.4% | $1.7B↑113.9% | $791.0M↑108.7% | $379.0M↑142.4% | $-894.0M |
Free Cash Flow | $2.5B | $945.0M↑43.4% | $659.0M↓14.6% | $772.0M↑376.5% | $162.0M↓90.4% | $1.7B↑113.9% | $791.0M↑108.7% | $379.0M↑142.4% | $-894.0M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
23.1x
Volatile
8Q: 78.6x+12278%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
23.1x
vs – sector
Cash Flow
3.3x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
1.0P/E per %ROIC
ROIC: 22.3%
Shareholder Returns
Dividend
2.7%
Buyback
–
Total Yield
2.7%
Market Cap$11.51B
EV$8.50B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
78/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)
–
8Q:–
Return on Invested Capital (ROIC)Top 25%
22.3%
8Q:–
-31.2%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 8.9%
Asset Turnover: 0.42x
Earnings Quality
Cash Conversion
4.98x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin31.5%
Capital Efficiency
Invested Capital Turnover2.52x
Working Capital
Cash Conversion Cycle151 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
51/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
-8.8%
OpInc Growth YoY
-20.2%
EPS Growth YoY
-59.6%
FCF 3Y CAGR
65.8%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
31.5%
Operating
15.5%
Top 25% in sector
Net
2.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+11.2 pts
FCF: 14.0% | Net: 2.8%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $3.23B
Interest Coverage
–
+Net cash position: $3.23B
Leverage Metrics
Debt-to-Equity
–x
Balance sheet risk & solvency analysis