CNHCNH Industrial N.V.
Construction Machinery & Equip
- Revenue
- $15.3B
- 10% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $14.6B
- Employees
- 34,197
- $449K revenue each
- Net debt / EBITDA
- —
- −$1.8B net debt
- AI in 10-K
- 3.8
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo498% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo13% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo9% of assetsOver 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$449K · 48th pctBottom quartile of its SIC industry
- Quiet on AINo3.8 per 10K words · 77th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.8× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$14.6B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$210K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $17.8B | $21.5B | $22.1B | $17.1B | $15.3B | 10% |
| Net income | $1.7B | $2.0B | $2.3B | $1.2B | $510M | 59% |
| Operating cash flow | $4.1B | $557M | $907M | $2.0B | $2.5B | 29% |
| Stock-based comp | $90M | $87M | $99M | $71M | $45M | 37% |
| Dividends | $188M | $423M | $538M | $607M | $333M | 45% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $700K · 4
- Open-market sells, 12 mo
- $490K · 1
- Net
- $210K
Pay vs performance
No pay-versus-performance disclosure yet.