CNH Industrial (CNH) Operating Margin (2021 - 2026)

CNH Industrial (CNH) reported Operating Margin of 4.29% for Q1 2026, down 2213.0% on a YoY basis from 0.2% in Q1 2025, and down 111.18% quarter-over-quarter from 38.36% in Q4 2025.

CNH Industrial (CNH) Operating Margin (2021 - 2026) Analysis & Trends

CNH Industrial has reported Operating Margin for 6 years, with the latest figure at 4.29% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin fell 2213.0% year-over-year to 4.29%; the trailing twelve-month figure through Mar 2026 stood at 14.52% (up 1971.0% YoY), and the FY2025 full-year result was 15.38%, up 978.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 4.29%, down from 38.36% in the prior quarter.
  • The five-year high for Operating Margin was 38.36% in Q4 2025, with the low at 95.52% in Q4 2024.
  • Historically, Operating Margin has averaged 3.07% across 5 years, with a median of 9.08% in 2022.
  • Annual changes were most pronounced in 2024 — Operating Margin plunged 6370 bps — and 2025, when it soared 13388 bps.
  • CNH Industrial's Operating Margin stood at 9.08% in 2022, then plunged by 450 bps to 31.83% in 2023, then tumbled by 200 bps to 95.52% in 2024, then soared by 140 bps to 38.36% in 2025, then slumped by 111 bps to 4.29% in 2026.
  • The last three Operating Margin figures came in at 4.29% (Q1 2026), 38.36% (Q4 2025), and 3.4% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Caterpillar 397.22 Bn 393.14 Bn 6.11 Bn 17.71%
2 Deere 151.61 Bn 143.71 Bn 13.06 Bn 16.73%
3 Paccar 60.18 Bn 59.49 Bn 1.36 Bn -63.36%
4 Oshkosh 8.00 Bn 7.75 Bn 311.90 Mn 3.54%
5 Terex 5.74 Bn 5.35 Bn 206.00 Mn -4.73%
6 Blue Bird 2.18 Bn 1.91 Bn 70.65 Mn 11.09%
7 Alamo 1.82 Bn 1.62 Bn 104.81 Mn 10.11%
8 Lindsay 1.21 Bn 1.02 Bn 42.35 Mn 8.41%
9 Astec Industries 1.14 Bn 1.06 Bn 99.10 Mn 2.27%
10 CNH Industrial - - 565.00 Mn -4.29%

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.29%
Dec 31, 2025 38.36%
Sep 30, 2025 -3.40%
Jun 30, 2025 3.18%
Mar 31, 2025 17.84%
Dec 31, 2024 -95.52%
Sep 30, 2024 5.20%
Jun 30, 2024 7.33%
Mar 31, 2024 19.78%
Dec 31, 2023 -31.83%
Sep 30, 2023 19.95%
Jun 30, 2023 12.34%
Mar 31, 2023 10.36%
Dec 31, 2022 9.08%
Sep 30, 2022 18.35%
Jun 30, 2022 17.48%
Mar 31, 2022 7.89%
Dec 31, 2021 14.62%
Sep 30, 2021 8.37%