CNH Industrial (CNH) Gross Margin (2013 - 2026)
CNH Industrial's (CNH) quarterly Gross Margin came in at 31.91% in Q1 2026, down 98.0% YoY from 1595.66% in Q1 2025, and up 7.99% on a QoQ basis from 29.55% in Q4 2025.
Analysis
CNH Industrial (CNH) Gross Margin (2013 - 2026) Analysis & Trends
CNH Industrial (CNH) has 14 years of Gross Margin data on file, last reported at 31.91% in Q1 2026.
- Quarterly Gross Margin fell 98.0% year-over-year to 31.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 31.33% (down 116.0% YoY) and the FY2025 annual result came in at 31.53%, down 116.0% from the prior year.
- Gross Margin improved to 31.91% in Q1 2026, from 29.55% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 33.69% in Q1 2024 to a low of 28.03% in Q2 2022.
- A 5-year average of 31.27% and a median of 31.92% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 401 bps — and 2025, when it sank 230 bps.
- Tracing CNH's Gross Margin over 5 years: stood at 28.3% in 2022, then grew by 9 bps to 30.73% in 2023, then rose by 4 bps to 31.85% in 2024, then declined by 7 bps to 29.55% in 2025, then climbed by 8 bps to 31.91% in 2026.
- The last three Gross Margin figures came in at 31.91% (Q1 2026), 29.55% (Q4 2025), and 31.92% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 364.77 Bn | 358.05 Bn | 7.76 Bn | 37.78% |
| 2 | Deere | 188.05 Bn | 179.12 Bn | 12.32 Bn | 97.70% |
| 3 | Paccar | 64.20 Bn | 55.54 Bn | 1.56 Bn | 20.64% |
| 4 | CNH Industrial | 16.95 Bn | 15.09 Bn | 1.41 Bn | 29.29% |
| 5 | Oshkosh | 9.54 Bn | 9.14 Bn | 480.30 Mn | 16.48% |
| 6 | Agco | 9.05 Bn | 8.48 Bn | 645.90 Mn | 24.75% |
| 7 | Terex | 7.04 Bn | 6.63 Bn | 444.00 Mn | 19.84% |
| 8 | Blue Bird | 2.12 Bn | 2.01 Bn | 103.37 Mn | 19.99% |
| 9 | Alamo | 2.08 Bn | 1.88 Bn | 110.86 Mn | 24.59% |
| 10 | Lindsay | 1.24 Bn | 1.09 Bn | 47.83 Mn | 29.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.29% |
| Mar 31, 2026 | 31.91% |
| Dec 31, 2025 | 29.55% |
| Sep 30, 2025 | 31.92% |
| Jun 30, 2025 | 32.24% |
| Mar 31, 2025 | 32.89% |
| Dec 31, 2024 | 31.85% |
| Sep 30, 2024 | 32.75% |
| Jun 30, 2024 | 32.54% |
| Mar 31, 2024 | 33.69% |
| Dec 31, 2023 | 30.73% |
| Sep 30, 2023 | 32.19% |
| Jun 30, 2023 | 32.04% |
| Mar 31, 2023 | 32.40% |
| Dec 31, 2022 | 28.30% |
| Sep 30, 2022 | 29.33% |
| Jun 30, 2022 | 28.03% |
| Mar 31, 2022 | 29.26% |
| Dec 31, 2021 | 26.19% |
| Sep 30, 2021 | 27.27% |