What is Cnh Industrial's earnings per share (EPS)?

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 Financials

CNH

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Cnh Industrial (CNH) financial statements, including the 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 2026-04-22

Stronger unit economics have been overwhelmed by lower scale and financing drag, leaving cash sturdier than reported earnings.

By FY2025, gross margin held near recent highs at 31.5% while net margin fell to 2.8%, so the pressure is showing up below the gross-profit line rather than in basic product economics. Meanwhile, operating cash flow of $2.5B against net income of $510M suggests working-capital release helped keep cash generation firmer than accounting profit during the volume downturn.

The balance sheet is still liability-heavy: total liabilities were about $34.9B against equity of $7.8B, which means a thin equity cushion is supporting a large operating base. Even with leverage easing versus prior years, that structure leaves profitability more sensitive to cyclical swings.

The recent earnings compression looks like a fixed-cost absorption problem more than a gross-margin problem. SG&A plus R&D absorbed about 51% of gross profit in FY2025 versus about 37% in FY2023, so lower sales volume is covering overhead and financing costs much less efficiently.

Financial Health Signals

Financial Profile 10/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Cnh Industrial's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Cnh Industrial's revenue declined 8.8% year-over-year, from $19.8B to $18.1B. This contraction results in a growth score of 9/100.

Leverage

Cnh Industrial has elevated debt relative to equity (D/E of 4.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 10/100, reflecting increased financial risk.

Returns

Cnh Industrial's ROE of 6.6% shows moderate profitability relative to equity, earning a score of 42/100. This is down from 16.2% the prior year.

Piotroski F-Score Neutral

4/9

Cnh Industrial passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 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.

EBITDA

N/A

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.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.6B

YoY-19.2%

5Y CAGR-21.7%

10Y CAGR-7.1%

Cnh Industrial held $2.6B in cash against $0 in long-term debt as of fiscal year 2025.

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.

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.

Operating Margin

N/A

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.

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

N/A

Capital Expenditures

N/A

CNH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$18.1B-8.8%	$19.8B-19.7%	$24.7B+4.8%	$23.6B+20.8%	$19.5B+31.9%	$14.8B
Cost of Revenue	$12.4B-7.2%	$13.3B-20.7%	$16.8B+0.2%	$16.8B+19.1%	$14.1B+26.5%	$11.2B
Gross Profit	$5.7B-12.0%	$6.5B-17.4%	$7.8B+16.2%	$6.8B+25.4%	$5.4B+48.5%	$3.6B
R&D Expenses	$1.0B+10.9%	$924.0M-11.2%	$1.0B+20.2%	$866.0M+34.9%	$642.0M+30.2%	$493.0M
SG&A Expenses	$1.9B+9.6%	$1.7B-8.1%	$1.9B+6.3%	$1.8B+20.5%	$1.5B+12.2%	$1.3B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.5B-8.0%	$1.6B+19.8%	$1.3B+83.2%	$734.0M+33.7%	$549.0M-16.8%	$660.0M
Income Tax	$184.0M-45.2%	$336.0M-43.4%	$594.0M-20.5%	$747.0M+226.2%	$229.0M+169.4%	$85.0M
Net Income	$510.0M-59.1%	$1.2B-45.2%	$2.3B+12.1%	$2.0B+17.8%	$1.7B+449.5%	-$493.0M
EPS (Diluted)	$0.41-58.6%	$0.99-41.4%	$1.69+13.4%	$1.49+17.3%	$1.27+452.8%	$-0.36

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$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-15.2%	$5.5B
Cost of Revenue	$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-15.5%	$3.7B
Gross Profit	$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-14.7%	$1.8B
R&D Expenses	$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-6.8%	$237.0M
SG&A Expenses	$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-7.6%	$461.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$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-9.6%	$418.0M
Income Tax	$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-21.1%	$95.0M
Net Income	$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-23.3%	$399.0M
EPS (Diluted)	$0.01	N/A	$0.06-64.7%	$0.17+70.0%	$0.10	N/A	$0.24-25.0%	$0.32

CNH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$42.7B-0.4%	$42.9B-7.2%	$46.3B+17.5%	$39.4B-20.3%	$49.4B+1.4%	$48.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.6B-19.2%	$3.2B-26.2%	$4.3B-1.2%	$4.4B-13.2%	$5.0B-42.6%	$8.8B
Inventory	$4.7B-2.6%	$4.8B-13.9%	$5.5B+15.3%	$4.8B+14.1%	$4.2B-30.0%	$6.0B
Accounts Receivable	$226.0M+80.8%	$125.0M-6.0%	$133.0M-22.7%	$172.0M-10.4%	$192.0M-62.1%	$506.0M
Goodwill	$3.6B+0.9%	$3.6B-0.8%	$3.6B+8.8%	$3.3B+3.5%	$3.2B+74.6%	$1.8B
Total Liabilities	$34.9B-0.7%	$35.2B-7.7%	$38.1B+17.6%	$32.4B-23.9%	$42.6B-2.6%	$43.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.8B+0.8%	$7.7B-4.7%	$8.1B+16.9%	$6.9B+1.7%	$6.8B+36.5%	$5.0B
Retained Earnings	$10.5B+1.9%	$10.3B+6.8%	$9.7B+22.1%	$7.9B+64.1%	$4.8B+46.9%	$3.3B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$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+0.2%	$44.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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-10.0%	$2.0B
Inventory	$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-0.4%	$6.0B
Accounts Receivable	N/A	$226.0M	N/A	N/A	N/A	$125.0M	N/A	N/A
Goodwill	$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+0.4%	$3.6B
Total Liabilities	$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-0.1%	$36.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.8B+0.5%	$7.8B-0.1%	$7.8B0.0%	$7.8B-1.6%	$7.9B+2.5%	$7.7B0.0%	$7.7B+3.5%	$7.5B
Retained Earnings	$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+1.4%	$10.0B

CNH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.5B+29.0%	$2.0B+117.0%	$907.0M+62.8%	$557.0M-86.4%	$4.1B-26.2%	$5.5B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.4B+50.2%	-$2.8B+25.1%	-$3.7B-22.9%	-$3.0B+39.8%	-$5.0B-81.9%	-$2.8B
Financing Cash Flow	-$2.0B-2914.9%	-$67.0M-102.6%	$2.6B+32.3%	$2.0B+235.9%	-$1.4B-319.3%	$659.0M
Dividends Paid	$333.0M-45.1%	$607.0M+12.8%	$538.0M+27.2%	$423.0M+125.0%	$188.0M+2250.0%	$8.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$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+108.7%	$379.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$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-66.3%	-$510.0M
Financing Cash Flow	-$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+84.5%	-$1.1B
Dividends Paid	$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-99.0%	$593.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CNH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	31.5%-1.2pp	32.7%+0.9pp	31.8%+3.1pp	28.7%+1.1pp	27.6%+3.1pp	24.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	2.8%-3.5pp	6.3%-2.9pp	9.2%+0.6pp	8.6%-0.2pp	8.8%+12.2pp	-3.3%
Return on Equity	6.6%-9.6pp	16.2%-12.0pp	28.1%-1.2pp	29.3%+4.0pp	25.3%+35.2pp	-9.9%
Return on Assets	1.2%-1.7pp	2.9%-2.0pp	4.9%-0.2pp	5.1%+1.7pp	3.5%+4.5pp	-1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.49-0.1	4.56-0.1	4.71+0.0	4.68-1.6	6.25-2.5	8.76
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	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%+0.2pp	32.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	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%-0.7pp	7.3%
Return on Equity	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%-1.4pp	5.3%
Return on Assets	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%-0.2pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.37-0.1	4.49-0.1	4.55-0.1	4.61+0.3	4.32-0.2	4.56-0.1	4.70-0.2	4.87
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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%.

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.

How many shares does Cnh Industrial have outstanding?

Cnh Industrial (CNH) had 1.24B shares outstanding as of 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 9, indicating neutral financial health. 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.

How financially healthy is Cnh Industrial?

Cnh Industrial (CNH) scores 10 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.