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).
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
The balance sheet still carries a leveraged posture, with debt-to-equity at 4.5x in FY2025. Cash of
Financial Health Signals
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.
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.
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
Earnings & Revenue
Cnh Industrial generated $18.1B in revenue in fiscal year 2025. This represents a decrease of 8.8% from the prior year.
Cnh Industrial reported $510.0M in net income in fiscal year 2025. This represents a decrease of 59.1% from the prior year.
Cnh Industrial earned $0.41 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 58.6% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Cnh Industrial held $2.6B in cash as of fiscal year 2025; long-term debt is not reported for that period.
Cnh Industrial paid $0.25 per share in dividends in fiscal year 2025. This represents a decrease of 46.8% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
Cnh Industrial invested $1.0B in research and development in fiscal year 2025. This represents an increase of 10.9% from the prior year.
Not reported for fiscal year 2025.
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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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 Receivable | N/A | N/A | $226.0M | N/A | N/A | N/A | $125.0M | N/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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.3%-2.6pp | 31.9%+2.4pp | 29.5%-2.4pp | 31.9%-0.3pp | 32.2%-0.7pp | 32.9%+1.0pp | 31.9%-0.9pp | 32.8% |
| Net Margin | 2.9%+2.7pp | 0.2%-1.5pp | 1.7%-0.2pp | 1.8%-2.7pp | 4.5%+1.1pp | 3.4%-0.1pp | 3.5%-3.0pp | 6.6% |
| Return on Equity | 1.8%+1.7pp | 0.1%-1.0pp | 1.1%+0.1pp | 1.0%-1.7pp | 2.7%+1.1pp | 1.7%-0.6pp | 2.2%-1.7pp | 4.0% |
| Return on Assets | 0.3%+0.3pp | 0.0%-0.2pp | 0.2%0.0pp | 0.2%-0.3pp | 0.5%+0.2pp | 0.3%-0.1pp | 0.4%-0.3pp | 0.7% |
| Debt-to-Equity | 4.400.0x | 4.37-0.1x | 4.49-0.1x | 4.55-0.1x | 4.61+0.3x | 4.32-0.2x | 4.56-0.1x | 4.70 |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Where Cnh Industrial Ranks
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%.
What is Cnh Industrial's gross margin?
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.
What is Cnh Industrial's net profit margin?
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.
Does Cnh Industrial pay dividends?
Yes, Cnh Industrial (CNH) paid $0.25 per share in dividends during fiscal year 2025.
What is Cnh Industrial's return on equity (ROE)?
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.
What is Cnh Industrial's operating cash flow?
Cnh Industrial (CNH) generated $2.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cnh Industrial's total assets?
Cnh Industrial (CNH) had $42.7B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Cnh Industrial spend on research and development?
Cnh Industrial (CNH) invested $1.0B in research and development during fiscal year 2025.
What is Cnh Industrial's debt-to-equity ratio?
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.
What is Cnh Industrial's return on assets (ROA)?
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.
What is Cnh Industrial's Piotroski F-Score?
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.
Are Cnh Industrial's earnings high quality?
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.