# CNH INDUSTRIAL N.V. (CNH) — Stock CV

CNH Industrial N.V. is a $18.4B industrial company. Revenue grew 0.6% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~40.1 years of free cash flow. It trades at 45.3× earnings.

> CNH Industrial is the world's second largest manufacturer of agricultural machinery (82% of industrial net sales) as well as a major player in construction equipment (18% of industrial net sales). Its Case and New Holland brands have served farmers for generations.

## Identity

- **Ticker**: CNH
- **Sector**: Industrials
- **Industry**: Construction Machinery & Equip
- **Headquarters**: BASILDON, ESSEX
- **Employees**: 34 197
- **Website**: https://www.cnh.com
- **Market cap**: $18.4B
- **Last price**: $11.42
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $18.2B
- **Net income**: $311M
- **Free cash flow**: $611M
- **Net debt**: $24.5B
- **P/E**: 45.3
- **Revenue growth (YoY)**: 0.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 25 |
| Profitability | 28 |
| Health | 25 |
| Quality | 60 |
| Moat | 28 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +0.6% YoY
- [x] Profitable — $311M TTM
- [ ] Profit growing — -35.1% YoY
- [x] Generates cash — $611M TTM
- [ ] Debt under control — ~40.1y of cash flow to repay
- [x] Established company — $18.4B market cap
- [x] Not printing shares — -7.7% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [ ] Financially stable — Altman Z 1.5 — distress
- [x] Pays a dividend — yield 0.99%
- [x] Valuation not extreme — P/E 45.3

## Experience (career milestones)

- **FY2023** — Best year on record: $2.27B net income
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $10B: $19.5B in first reported year

## Strengths

- None stand out in the data.

## Watch-outs

- Altman Z-Score 1.53 — elevated financial-distress risk
- Thin interest coverage (1.4×)
- Net debt equals ~40.1 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $19.5B | $1.72B | $3.16B |
| FY2022 | $23.6B | $2.03B | -$442M |
| FY2023 | $24.7B | $2.27B | -$288M |
| FY2024 | $19.8B | $1.25B | $782M |
| FY2025 | $18.1B | $510M | $1.34B |

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Source: https://stockcv.com/CNH — derived from company filings; may be delayed or incomplete. Information, not investment advice.