CNH Industrial(NYSE) CNHI

CNH helps farmers and builders do their work by making large tractors and construction machines. People use these tools to grow food and build roads or houses all over the world. The company also helps customers pay for this expensive equipment through its own bank.

What CNH Builds

• Agriculture: Tractors, combines, and tools for planting or spraying crops under the Case IH and New Holland brands.
• Construction: Diggers, loaders, and graders used for making roads, buildings, and landscaping projects.
• Financial Services: Loans and insurance that help farmers and dealers buy or stock the heavy machinery they need.
• Precision Technology: Digital tools and automated steering systems that help machines work more accurately using satellite data.

Strategic Moves and Purchases

• Acquired Raven Industries in 2021 to improve its self-driving and automated farming technology.
• Purchased Sampierana in 2021 to gain better control over making small and medium-sized excavators.
• Bought Hemisphere GNSS in 2023 to design and sell its own high-precision satellite positioning solutions.
• Acquired Augmenta Holding SAS in 2023 to use special sensors that help machines see and understand farm fields in real time.
• Took a controlling stake in Bennamann to develop systems that turn farm waste into clean fuel for tractors.

Global Power and Tech

The company sells products in roughly 166 countries through a network of more than 3,600 dealer and distribution locations. Its Iron + Tech strategy focuses on adding artificial intelligence and automation to traditional heavy metal machinery.

The Financial Scorecard

• Revenue reached $5.2 billion in Q4 2025, up 5.8% from Q4 2024.
• Operating income rose to $1.2 billion in Q4 2025, a 31% increase year-over-year.
• Net income fell to $86 million in Q4 2025, down 50.3% from the previous year.
• Free cash flow was $533 million in Q4 2025, down 56.2% compared to Q4 2024.

Evolution Summary

CNH has shifted from a traditional equipment maker into a technology-focused industrial company. By combining heavy machinery with digital automation, it has created a more integrated business for the modern farming and building sectors.