CNH Industrial (CNH) Operating Margin (2013 - 2026)
CNH Industrial's (CNH) quarterly Operating Margin came in at 13.59% in Q1 2026, down 425.0% YoY from 4.18% in Q1 2025, and down 2.52% on a QoQ basis from 13.94% in Q4 2025.
CNH Industrial (CNH) Operating Margin (2013 - 2026) Analysis & Trends
CNH Industrial (CNH) has 14 years of Operating Margin data on file, last reported at 13.59% in Q1 2026.
- Quarterly Operating Margin fell 425.0% year-over-year to 13.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.52% (down 294.0% YoY) and the FY2025 annual result came in at 15.38%, down 343.0% from the prior year.
- Operating Margin fell to 13.59% in Q1 2026, from 13.94% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 20.53% in Q2 2023 to a low of 12.98% in Q3 2025.
- A 5-year average of 17.44% and a median of 17.75% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin jumped 305 bps — and 2025, when it slumped 561 bps.
- Tracing CNH's Operating Margin over 5 years: stood at 16.82% in 2022, then increased by 12 bps to 18.77% in 2023, then fell by 16 bps to 15.79% in 2024, then retreated by 12 bps to 13.94% in 2025, then fell by 3 bps to 13.59% in 2026.
- The last three Operating Margin figures came in at 13.59% (Q1 2026), 13.94% (Q4 2025), and 12.98% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 390.12 Bn | 383.41 Bn | 7.76 Bn | 20.91% |
| 2 | Deere | 166.90 Bn | 159.00 Bn | 13.06 Bn | 1.88% |
| 3 | Paccar | 69.84 Bn | 61.17 Bn | 1.56 Bn | -61.85% |
| 4 | CNH Industrial | 13.37 Bn | 11.50 Bn | 1.41 Bn | 13.66% |
| 5 | Oshkosh | 9.77 Bn | 9.37 Bn | 480.30 Mn | 8.34% |
| 6 | Terex | 7.67 Bn | 7.27 Bn | 444.00 Mn | 8.36% |
| 7 | Agco | 7.27 Bn | 6.70 Bn | 645.90 Mn | 5.39% |
| 8 | Blue Bird | 2.25 Bn | 2.14 Bn | 103.37 Mn | 12.12% |
| 9 | Alamo | 2.08 Bn | 1.88 Bn | 110.86 Mn | 10.15% |
| 10 | Lindsay | 1.19 Bn | 1.04 Bn | 47.83 Mn | 11.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.66% |
| Mar 31, 2026 | 13.59% |
| Dec 31, 2025 | 13.94% |
| Sep 30, 2025 | 12.98% |
| Jun 30, 2025 | 17.36% |
| Mar 31, 2025 | 17.84% |
| Dec 31, 2024 | 15.79% |
| Sep 30, 2024 | 18.59% |
| Jun 30, 2024 | 17.75% |
| Mar 31, 2024 | 19.78% |
| Dec 31, 2023 | 18.77% |
| Sep 30, 2023 | 19.95% |
| Jun 30, 2023 | 20.53% |
| Mar 31, 2023 | 19.86% |
| Dec 31, 2022 | 16.82% |
| Sep 30, 2022 | 18.35% |
| Jun 30, 2022 | 17.48% |
| Mar 31, 2022 | 17.12% |
| Dec 31, 2021 | 14.62% |
| Sep 30, 2021 | 16.29% |