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Cnh Industrial Financials

CNH
Trailing 12 months to June 30, 2026
Revenue $18.2B +0.6% YoY
Net Income $311.0M -62.2% YoY
EPS (Diluted) $0.25 -61.5% YoY
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Cnh Industrial (CNH) reported $18.2B in revenue over the twelve months to Jun 30, 2026, up 0.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CNH FY2025

Profit compression at CNH looks driven more by financing and overhead drag than by a collapse in factory-level margins.

From FY2023 to FY2025, operating cash flow strengthened from $907M to $2.5B even as revenue and net income both moved lower. Because FY2025 cash flow was about five times net income and inventory also shrank over that span, cash generation was helped by working-capital release rather than better demand, which is why cash looked sturdier than reported profit.

FY2025 gross margin stayed at 31.5%, close to FY2024's 32.7%, yet net margin fell to 2.8%. That gap says the pressure is happening below gross profit rather than in product economics, and interest expense being larger than net income shows how little of each sales dollar ultimately reached shareholders.

The balance sheet still carries a leveraged posture, with debt-to-equity at 4.5x in FY2025. Cash of $2.6B remains small relative to $34.9B of liabilities, although liabilities have come down since FY2023, so the repair is coming more from gradual balance-sheet tightening than from rising earnings power.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Cnh Industrial does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
4/7

Cnh Industrial passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
4.98x

For every $1 of reported earnings, Cnh Industrial generates $4.98 in operating cash flow ($2.5B OCF vs $510.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$18.1B
YoY-8.8%
5Y CAGR+4.1%
10Y CAGR-3.5%

Cnh Industrial generated $18.1B in revenue in fiscal year 2025. This represents a decrease of 8.8% from the prior year.

Net Income
$510.0M
YoY-59.1%
10Y CAGR+7.3%

Cnh Industrial reported $510.0M in net income in fiscal year 2025. This represents a decrease of 59.1% from the prior year.

EPS (Diluted)
$0.41
YoY-58.6%
10Y CAGR+8.0%

Cnh Industrial earned $0.41 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 58.6% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$2.6B
YoY-19.2%
5Y CAGR-21.7%
10Y CAGR-7.1%

Cnh Industrial held $2.6B in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share
$0.25
YoY-46.8%
10Y CAGR+1.6%

Cnh Industrial paid $0.25 per share in dividends in fiscal year 2025. This represents a decrease of 46.8% from the prior year.

Shares Outstanding
1.24B
YoY-0.6%
5Y CAGR-1.7%
10Y CAGR-0.9%

Cnh Industrial had 1.24B shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
31.5%
YoY-1.2pp
5Y CAGR+7.0pp
10Y CAGR+10.1pp

Cnh Industrial's gross margin was 31.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Net Margin
2.8%
YoY-3.5pp
5Y CAGR+6.2pp
10Y CAGR+1.8pp

Cnh Industrial's net profit margin was 2.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.5 percentage points from the prior year.

Return on Equity
6.6%
YoY-9.6pp
5Y CAGR+16.4pp
10Y CAGR+1.3pp

Cnh Industrial's ROE was 6.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.6 percentage points from the prior year.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

R&D Spending
$1.0B
YoY+10.9%
5Y CAGR+15.8%
10Y CAGR+1.8%

Cnh Industrial invested $1.0B in research and development in fiscal year 2025. This represents an increase of 10.9% from the prior year.

Share Buybacks

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

CNH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CNH quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$4.8B+25.5%$3.8B-25.8%$5.2B+17.2%$4.4B-6.6%$4.7B+23.1%$3.8B-21.5%$4.9B+4.8%$4.7B
Cost of Revenue$3.4B+30.4%$2.6B-28.3%$3.6B+21.3%$3.0B-6.2%$3.2B+24.3%$2.6B-22.7%$3.3B+6.2%$3.1B
Gross Profit$1.4B+15.2%$1.2B-19.9%$1.5B+8.5%$1.4B-7.6%$1.5B+20.7%$1.3B-18.9%$1.6B+1.9%$1.5B
R&D Expenses$230.0M-0.9%$232.0M-32.2%$342.0M+21.7%$281.0M+28.9%$218.0M+18.5%$184.0M-22.7%$238.0M+7.7%$221.0M
SG&A Expenses$494.0M+6.2%$465.0M+0.4%$463.0M-15.7%$549.0M+14.9%$478.0M+23.8%$386.0M-6.8%$414.0M-2.8%$426.0M
Interest Expense$372.0M+1.9%$365.0M-4.5%$382.0M+1.1%$378.0M+5.0%$360.0M-0.6%$362.0M-14.0%$421.0M+11.4%$378.0M
Income Tax$43.0M+975.0%$4.0M-93.3%$60.0M+5900.0%$1.0M-98.7%$76.0M+61.7%$47.0M-47.2%$89.0M+18.7%$75.0M
Net Income$138.0M+1871.4%$7.0M-91.9%$86.0M+7.5%$80.0M-62.4%$213.0M+62.6%$131.0M-24.3%$173.0M-43.5%$306.0M
EPS (Diluted)$0.11$0.01$0.07+16.7%$0.06-64.7%$0.17+70.0%$0.10-28.6%$0.14-41.7%$0.24

Not reported in any period shown, so not listed: Operating Income.

CNH Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CNH quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$42.2B+0.3%$42.0B-1.7%$42.7B-1.2%$43.3B-1.0%$43.7B+3.9%$42.1B-2.0%$42.9B-2.5%$44.0B
Cash & Equivalents$1.9B+16.5%$1.6B-37.8%$2.6B+11.9%$2.3B-8.3%$2.5B+48.2%$1.7B-46.9%$3.2B+77.2%$1.8B
Inventory$5.2B-1.2%$5.2B+12.5%$4.7B-13.1%$5.4B+2.6%$5.2B+1.2%$5.2B+8.0%$4.8B-19.5%$5.9B
Accounts ReceivableN/AN/A$226.0MN/AN/AN/A$125.0MN/A
Goodwill$3.6B-0.1%$3.6B-0.2%$3.6B+0.1%$3.6B-0.1%$3.6B+0.7%$3.6B+0.3%$3.6B-0.9%$3.6B
Total Liabilities$34.3B+0.4%$34.2B-2.2%$34.9B-1.4%$35.4B-1.2%$35.9B+5.1%$34.1B-3.0%$35.2B-3.0%$36.3B
Total Equity$7.8B-0.2%$7.8B+0.5%$7.8B-0.1%$7.8B0.0%$7.8B-1.6%$7.9B+2.5%$7.7B0.0%$7.7B
Retained Earnings$10.5B+0.1%$10.5B+0.1%$10.5B+0.8%$10.4B+0.8%$10.3B-1.0%$10.4B+1.3%$10.3B+1.7%$10.1B

Not reported in any period shown, so not listed: Current Assets, Current Liabilities, Long-Term Debt.

CNH Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CNH quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$145.0M+314.3%$35.0M-96.3%$945.0M+43.4%$659.0M-14.6%$772.0M+376.5%$162.0M-90.4%$1.7B+113.9%$791.0M
Investing Cash Flow$19.0M-64.8%$54.0M+118.5%-$292.0M+37.3%-$466.0M-36.3%-$342.0M-22.1%-$280.0M+71.9%-$995.0M-17.3%-$848.0M
Financing Cash Flow-$34.0M+96.6%-$990.0M-156.5%-$386.0M-3.5%-$373.0M-331.7%$161.0M+111.3%-$1.4B-253.1%$929.0M+627.8%-$176.0M
Dividends Paid$126.0M+12500.0%$1.0M-90.9%$11.0M+1000.0%$1.0M-99.7%$320.0M+31900.0%$1.0M-85.7%$7.0M+16.7%$6.0M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.

CNH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

CNH quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Gross Margin29.3%-2.6pp31.9%+2.4pp29.5%-2.4pp31.9%-0.3pp32.2%-0.7pp32.9%+1.0pp31.9%-0.9pp32.8%
Net Margin2.9%+2.7pp0.2%-1.5pp1.7%-0.2pp1.8%-2.7pp4.5%+1.1pp3.4%-0.1pp3.5%-3.0pp6.6%
Return on Equity1.8%+1.7pp0.1%-1.0pp1.1%+0.1pp1.0%-1.7pp2.7%+1.1pp1.7%-0.6pp2.2%-1.7pp4.0%
Return on Assets0.3%+0.3pp0.0%-0.2pp0.2%0.0pp0.2%-0.3pp0.5%+0.2pp0.3%-0.1pp0.4%-0.3pp0.7%
Debt-to-Equity4.400.0x4.37-0.1x4.49-0.1x4.55-0.1x4.61+0.3x4.32-0.2x4.56-0.1x4.70

Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.

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Frequently Asked Questions

What is Cnh Industrial's annual revenue?

Cnh Industrial (CNH) reported $18.1B in total revenue for fiscal year 2025. This represents a -8.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cnh Industrial's revenue growing?

Cnh Industrial (CNH) revenue declined by 8.8% year-over-year, from $19.8B to $18.1B in fiscal year 2025.

Is Cnh Industrial profitable?

Yes, Cnh Industrial (CNH) reported a net income of $510.0M in fiscal year 2025, with a net profit margin of 2.8%.

Cnh Industrial (CNH) reported diluted earnings per share of $0.41 for fiscal year 2025. This represents a -58.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cnh Industrial (CNH) had a gross margin of 31.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Cnh Industrial (CNH) had a net profit margin of 2.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Cnh Industrial (CNH) paid $0.25 per share in dividends during fiscal year 2025.

Cnh Industrial (CNH) has a return on equity of 6.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Cnh Industrial (CNH) generated $2.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Cnh Industrial (CNH) had $42.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Cnh Industrial (CNH) invested $1.0B in research and development during fiscal year 2025.

Cnh Industrial (CNH) had 1.24B shares outstanding as of fiscal year 2025.

Cnh Industrial (CNH) had a debt-to-equity ratio of 4.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Cnh Industrial (CNH) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Cnh Industrial (CNH) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Cnh Industrial (CNH) has an earnings quality ratio of 4.98x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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