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Heavy machinery

The 19 companies in this industry listed on the NYSE and Nasdaq are worth $623 bn combined; the largest are Caterpillar (CAT), Deere & Company (DE) and Cummins (CMI). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
19 companies value 623 bn revenue 212 bn margin 8.3% free cash flow 24 bn avg. score 4.8
CAT holds 53.5% of the group's value, 2.0x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 CAT Caterpillar
United States · score 6.1
 54% 334 bn 75 bn 11.9% 11 bn 3.2% 0.8% Construction and mining machinery, engines and turbines · World's largest maker of construction and mining machinery; an unbeatable dealer network
2 DE Deere & Company
United States · score 6.1
 27% 169 bn 48 bn 10.2% 6.0 bn 3.6% 1.0% Agricultural, construction and forestry machinery · Global leader in farm machinery and precision agriculture
3 CMI Cummins
United States · score 6.5
 12% 72 bn 34 bn 8.4% 3.4 bn 4.7% 1.5% Diesel engines, generators and propulsion systems · World's largest independent diesel engine maker
4 CNH CNH Industrial
United Kingdom/United States · score 6.4
 2% 14 bn 18 bn 1.7% 1.8 bn 12.8% 1.0% Agricultural and construction machinery: Case IH and New Holland · Case IH and New Holland; 2nd largest in farm machinery
5 INIO INNIO N.V.
Germany · score 5.3
 2% 12 bn 3.1 bn 0.7% 0.7 bn 5.6% — Engines and distributed power generation solutions · Germany — revenue of $3.1bn
6 AGCO AGCO Corporation
United States · score 5.5
 1% 7.2 bn 10 bn 5.2% 0.3 bn 4.6% 1.2% Farm machinery and precision agriculture · Owner of Massey Ferguson and Fendt; strong in Brazilian agriculture
7 TEX Terex
United States · score 5.1
 1% 5.8 bn 5.4 bn 2.7% 0.3 bn 6.0% 1.1% Materials processing machinery and cranes · Cranes, aerial work platforms and materials processing equipment
8 ALG ALAMO GROUP INC
United States · score 6.3
 0% 1.8 bn 1.6 bn 6.3% 0.1 bn 7.5% 0.8% Machinery for road maintenance, agriculture and tree care · Texas — revenue of $1.6bn
9 PSIX POWER SOLUTIONS INTERNATIONAL, INC.
United States · score 6.1
 0% 1.1 bn 0.7 bn 10.0% 0.1 bn 5.9% — Emissions-certified engines and power systems · Illinois — revenue of $676m
10 LNN LINDSAY CORP
United States · score 5.8
 0% 1.1 bn 0.6 bn 8.8% 0.0 bn 4.1% 1.4% Agricultural irrigation and road infrastructure · Nebraska — revenue of $628m
11 CYD CHINA YUCHAI INTERNATIONAL LTD
Singapore · score 6.5
 0% 1.0 bn 3.6 bn 3.3% 0.3 bn 33.2% — Diesel engine holding company, with a stake in Yuchai · Singapore — revenue of $3.6bn
12 AEBI Aebi Schmidt Holding AG
Switzerland · score 3.2
 0% 0.9 bn 1.9 bn 1.1% 0.0 bn 0.7% 0.9% Global manufacturing of specialty vehicles · Switzerland — revenue of $2bn
13 ASTE ASTEC INDUSTRIES INC
United States · score 4.5
 0% 0.9 bn 1.6 bn 1.3% 0.0 bn 3.6% 1.4% Equipment for asphalt, concrete and road construction · Tennessee — revenue of $1.6bn
14 PLOW DOUGLAS DYNAMICS, INC
United States · score 6.5
 0% 0.9 bn 0.7 bn 7.5% 0.1 bn 5.6% 3.1% Truck attachments: snowplows, cranes and dump bodies · Wisconsin — revenue of $699m
15 MTW MANITOWOC CO INC
United States · score 5.1
 0% 0.8 bn 2.3 bn 0.9% 0.1 bn 8.9% — Grove, Manitowoc, National Crane and Potain cranes · Wisconsin — revenue of $2.3bn
16 HY HYSTER-YALE, INC.
United States · score 3.0
 0% 0.5 bn 3.5 bn -3.3% 0.0 bn 3.0% 5.2% Forklifts and port equipment · Ohio — revenue of $3.5bn
17 CMCO COLUMBUS MCKINNON CORP
United States · score 0.2
 0% 0.4 bn 1.5 bn -21.2% -0.1 bn -29.1% 1.9% Material handling and lifting solutions · North Carolina — revenue of $1.5bn
18 GENC GENCOR INDUSTRIES INC
United States · score 3.4
 0% 0.3 bn 0.1 bn 13.5% 0.0 bn -0.6% — Heavy machinery for road construction and environmental control · Florida — revenue of $110m
19 ARTW ARTS WAY MANUFACTURING CO INC
United States · score 0.4
 0% 0.0 bn 0.0 bn -1.6% 0.0 bn -6.6% — Farm machinery sold through independent dealers · Iowa — revenue of $25m

Other industries in the same sector

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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