# Farm & Heavy Construction Machinery — company-by-company sector analysis > Farm & Heavy Construction Machinery: Caterpillar Inc. owns the largest revenue base; Aebi Schmidt Holding AG has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice. ## Bottom line Farm & Heavy Construction Machinery has underperformed S&P 500 by 7.1% over 52 weeks and 3.9% over 13 weeks. 9 of 20 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 20 beat the sector itself. Caterpillar Inc. leads with revenue of $70,755 million, based on 12 of 21 comparable companies through Mar 2026. ## Sector relative strength Farm & Heavy Construction Machinery has underperformed S&P 500 by 7.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 3.9%. 9 of 20 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Columbus McKinnon Corporation is the strongest against the sector itself at +21%. 13-week sector return versus NIFTY 500: 3.9% 52-week sector return versus NIFTY 500: -7.1% Stocks leading NIFTY: 9/20 Stocks leading sector: 10/20 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 21 Combined market value: ₹7.0 L Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Blue Bird Corporation (BLBD): 64/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 20.3/35 | Capital efficiency 14.4/25 | Valuation 15.2/20 | Relative strength 14.4/20 - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks - Exact sum: 20.3 + 14.4 + 15.2 + 14.4 = 64.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 2. Federal Signal Corporation (FSS): 62/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 22.3/35 | Capital efficiency 16.2/25 | Valuation 9.9/20 | Relative strength 14.0/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 22.3 + 16.2 + 9.9 + 14 = 62.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 3. Caterpillar Inc. (CAT): 61/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 23.3/35 | Capital efficiency 16.1/25 | Valuation 8.1/20 | Relative strength 13.0/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks - Exact sum: 23.3 + 16.1 + 8.1 + 13 = 60.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. PACCAR Inc (PCAR): 60/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 19.5/35 | Capital efficiency 12.6/25 | Valuation 10.1/20 | Relative strength 18.1/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 19.5 + 12.6 + 10.1 + 18.1 = 60.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 5. Deere & Company (DE): 57/100 — Mixed-positive evidence; evidence 85% - Growth & earnings 15.9/35 | Capital efficiency 16.1/25 | Valuation 11.8/20 | Relative strength 13.4/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 15.9 + 16.1 + 11.8 + 13.4 = 57.2 - Decision use: Price leads the evidence: RS versus the benchmark is 3.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 6. The Manitowoc Company, Inc. (MTW): 53/100 — Mixed-positive evidence; evidence 68% - Growth & earnings 18.0/35 | Capital efficiency 6.0/25 | Valuation 14.0/20 | Relative strength 14.6/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 18 + 6 + 14 + 14.6 = 52.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 7. Oshkosh Corporation (OSK): 52/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 16.0/35 | Capital efficiency 13.2/25 | Valuation 10.6/20 | Relative strength 11.8/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 16 + 13.2 + 10.6 + 11.8 = 51.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 8. Alamo Group Inc. (ALG): 47/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 16.3/35 | Capital efficiency 13.7/25 | Valuation 10.4/20 | Relative strength 7.0/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 16.3 + 13.7 + 10.4 + 7 = 47.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 9. Terex Corporation (TEX): 46/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 15.2/35 | Capital efficiency 10.8/25 | Valuation 9.3/20 | Relative strength 11.1/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 15.2 + 10.8 + 9.3 + 11.1 = 46.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 10. Columbus McKinnon Corporation (CMCO): 45/100 — Thin evidence · provisional; evidence 52% - Growth & earnings 13.6/35 | Capital efficiency 6.0/25 | Valuation 8.7/20 | Relative strength 17.0/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 13.6 + 6 + 8.7 + 17 = 45.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 11. CNH Industrial N.V. (CNH): 45/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 12.7/35 | Capital efficiency 10.3/25 | Valuation 14.0/20 | Relative strength 7.7/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 12.7 + 10.3 + 14 + 7.7 = 44.7 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 12. Wabash National Corporation (WNC): 43/100 — Thin evidence · provisional; evidence 52% - Growth & earnings 11.3/35 | Capital efficiency 5.2/25 | Valuation 11.3/20 | Relative strength 15.6/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks - Exact sum: 11.3 + 5.2 + 11.3 + 15.6 = 43.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 13. Astec Industries, Inc. (ASTE): 43/100 — Mixed-negative evidence; evidence 75% - Growth & earnings 18.4/35 | Capital efficiency 6.7/25 | Valuation 11.7/20 | Relative strength 6.3/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 18.4 + 6.7 + 11.7 + 6.3 = 43.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 14. AGCO Corporation (AGCO): 43/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 20.5/35 | Capital efficiency 9.8/25 | Valuation 11.0/20 | Relative strength 1.4/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 20.5 + 9.8 + 11 + 1.4 = 42.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 15. Aebi Schmidt Holding AG (AEBI): 41/100 — Mixed-negative evidence; evidence 65% - Growth & earnings 14.6/35 | Capital efficiency 9.3/25 | Valuation 8.8/20 | Relative strength 8.4/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks - Exact sum: 14.6 + 9.3 + 8.8 + 8.4 = 41.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 16. Gencor Industries, Inc. (GENC): 39/100 — Mixed-negative evidence; evidence 75% - Growth & earnings 10.9/35 | Capital efficiency 11.0/25 | Valuation 11.4/20 | Relative strength 5.4/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 10.9 + 11 + 11.4 + 5.4 = 38.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 17. Titan International, Inc. (TWI): 38/100 — Thin evidence · provisional; evidence 52% - Growth & earnings 16.7/35 | Capital efficiency 7.0/25 | Valuation 10.9/20 | Relative strength 3.5/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 16.7 + 7 + 10.9 + 3.5 = 38.1 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 18. Lindsay Corporation (LNN): 37/100 — Mixed-negative evidence; evidence 79% - Growth & earnings 11.7/35 | Capital efficiency 13.1/25 | Valuation 7.3/20 | Relative strength 4.9/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 11.7 + 13.1 + 7.3 + 4.9 = 37 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 19. CEA Industries Inc. (BNC): 27/100 — Thin evidence · provisional; evidence 52% - Growth & earnings 9.6/35 | Capital efficiency 3.0/25 | Valuation 11.5/20 | Relative strength 3.0/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 9.6 + 3 + 11.5 + 3 = 27.1 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 20. Hyster-Yale, Inc. (HY): 23/100 — Adverse evidence; evidence 65% - Growth & earnings 4.1/35 | Capital efficiency 4.1/25 | Valuation 8.5/20 | Relative strength 5.9/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 4.1 + 4.1 + 8.5 + 5.9 = 22.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 21. SunScout Holding Limited (SNSC): 56/100 — Thin evidence · provisional; evidence 11% - Growth & earnings 17.5/35 | Capital efficiency 18.2/25 | Valuation 10.0/20 | Relative strength 10.0/20 - Exact sum: 17.5 + 18.2 + 10 + 10 = 55.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action Caterpillar Inc. has the strongest one-year price move in Farm & Heavy Construction Machinery at +110.4%. Columbus McKinnon Corporation leads on Mansfield relative strength against the S&P 500 at +19.4%. 9 of 20 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04. ### Strongest one-year price performers 1. Caterpillar Inc. (CAT): 110% 2. Columbus McKinnon Corporation (CMCO): 55% 3. Blue Bird Corporation (BLBD): 41% 4. PACCAR Inc (PCAR): 40% 5. The Manitowoc Company, Inc. (MTW): 38% ### Strongest relative strength versus NIFTY 500 1. Columbus McKinnon Corporation (CMCO): 19% 2. Blue Bird Corporation (BLBD): 17% 3. Caterpillar Inc. (CAT): 15% 4. Wabash National Corporation (WNC): 13% 5. PACCAR Inc (PCAR): 7.7% ## Revenue Scale & Growth Durability What the numbers say: Caterpillar Inc. is the scale leader at $70,755 million, 49.3% ahead of Deere & Company. Aebi Schmidt Holding AG's growth is 61.2% from a $1,733 million base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Caterpillar Inc. is the scale benchmark; Aebi Schmidt Holding AG is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Caterpillar Inc.'s growth falls below Aebi Schmidt Holding AG's for two consecutive comparable reports while operating margin also compresses. Evidence: Caterpillar Inc. · $70,755 million | 49.3% versus #2 · Deere & Company | 3/8 recent comparable periods | 12/21 companies · 369 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Caterpillar Inc. (CAT): ₹70.8K Cr 2. Deere & Company (DE): ₹47.4K Cr 3. CNH Industrial N.V. (CNH): ₹18.1K Cr 4. Hyster-Yale, Inc. (HY): ₹3.7K Cr 5. The Manitowoc Company, Inc. (MTW): ₹2.3K Cr ### Revenue growth — fastest growers 1. Aebi Schmidt Holding AG (AEBI): 61% 2. Caterpillar Inc. (CAT): 12% 3. Astec Industries, Inc. (ASTE): 12% 4. Blue Bird Corporation (BLBD): 10% 5. The Manitowoc Company, Inc. (MTW): 5.2% ### 20-quarter Revenue history - CAT: Sep 2021 ₹12.4K Cr | Dec 2021 ₹13.8K Cr | Mar 2022 ₹13.6K Cr | Jun 2022 ₹14.2K Cr | Sep 2022 ₹15.0K Cr | Dec 2022 ₹16.6K Cr | Mar 2023 ₹15.9K Cr | Jun 2023 ₹17.3K Cr | Sep 2023 ₹16.8K Cr | Dec 2023 ₹17.1K Cr | Mar 2024 ₹15.8K Cr | Jun 2024 ₹16.7K Cr | Sep 2024 ₹16.1K Cr | Dec 2024 ₹16.2K Cr | Mar 2025 ₹14.2K Cr | Jun 2025 ₹16.6K Cr | Sep 2025 ₹17.6K Cr | Dec 2025 ₹19.1K Cr | Mar 2026 ₹17.4K Cr | Jun 2026 — - DE: Sep 2021 ₹11.5K Cr | Dec 2021 ₹11.3K Cr | Mar 2022 ₹9.6K Cr | Jun 2022 ₹13.4K Cr | Sep 2022 ₹14.1K Cr | Dec 2022 ₹15.5K Cr | Mar 2023 ₹12.7K Cr | Jun 2023 ₹17.4K Cr | Sep 2023 ₹15.8K Cr | Dec 2023 ₹15.4K Cr | Mar 2024 ₹12.2K Cr | Jun 2024 ₹15.2K Cr | Sep 2024 ₹13.2K Cr | Dec 2024 ₹11.1K Cr | Mar 2025 ₹8.5K Cr | Jun 2025 ₹12.8K Cr | Sep 2025 ₹12.0K Cr | Dec 2025 ₹12.4K Cr | Mar 2026 ₹9.6K Cr | Jun 2026 ₹13.4K Cr - PCAR: Sep 2021 ₹5.1K Cr | Dec 2021 ₹6.7K Cr | Mar 2022 ₹6.5K Cr | Jun 2022 ₹7.2K Cr | Sep 2022 ₹7.1K Cr | Dec 2022 ₹8.1K Cr | Mar 2023 ₹8.5K Cr | Jun 2023 ₹8.9K Cr | Sep 2023 ₹8.7K Cr | Dec 2023 ₹9.1K Cr | Mar 2024 ₹8.7K Cr | Jun 2024 ₹8.8K Cr | Sep 2024 ₹8.2K Cr | Dec 2024 ₹7.9K Cr | Mar 2025 ₹7.4K Cr | Jun 2025 ₹7.5K Cr | Sep 2025 ₹6.7K Cr | Dec 2025 ₹6.8K Cr | Mar 2026 ₹6.8K Cr | Jun 2026 — - CNH: Sep 2021 ₹4.7K Cr | Dec 2021 ₹5.5K Cr | Mar 2022 ₹4.6K Cr | Jun 2022 ₹6.1K Cr | Sep 2022 ₹5.9K Cr | Dec 2022 ₹6.9K Cr | Mar 2023 ₹5.3K Cr | Jun 2023 ₹6.6K Cr | Sep 2023 ₹6.0K Cr | Dec 2023 ₹6.8K Cr | Mar 2024 ₹4.8K Cr | Jun 2024 ₹5.5K Cr | Sep 2024 ₹4.7K Cr | Dec 2024 ₹4.9K Cr | Mar 2025 ₹3.8K Cr | Jun 2025 ₹4.7K Cr | Sep 2025 ₹4.4K Cr | Dec 2025 ₹5.2K Cr | Mar 2026 ₹3.8K Cr | Jun 2026 — - OSK: Sep 2021 ₹2.1K Cr | Dec 2021 ₹1.8K Cr | Mar 2022 ₹1.9K Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹2.1K Cr | Dec 2022 ₹2.2K Cr | Mar 2023 ₹2.3K Cr | Jun 2023 ₹2.4K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.5K Cr | Jun 2024 ₹2.8K Cr | Sep 2024 ₹2.7K Cr | Dec 2024 ₹2.6K Cr | Mar 2025 ₹2.3K Cr | Jun 2025 ₹2.7K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.7K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 — - FSS: Sep 2021 ₹298 Cr | Dec 2021 ₹301 Cr | Mar 2022 ₹330 Cr | Jun 2022 ₹367 Cr | Sep 2022 ₹346 Cr | Dec 2022 ₹392 Cr | Mar 2023 ₹386 Cr | Jun 2023 ₹442 Cr | Sep 2023 ₹446 Cr | Dec 2023 ₹448 Cr | Mar 2024 ₹425 Cr | Jun 2024 ₹490 Cr | Sep 2024 ₹474 Cr | Dec 2024 ₹472 Cr | Mar 2025 ₹464 Cr | Jun 2025 ₹565 Cr | Sep 2025 ₹555 Cr | Dec 2025 ₹597 Cr | Mar 2026 ₹626 Cr | Jun 2026 — - TEX: Sep 2021 ₹994 Cr | Dec 2021 ₹990 Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 — - AGCO: Sep 2021 ₹2.7K Cr | Dec 2021 ₹3.2K Cr | Mar 2022 ₹2.7K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹3.1K Cr | Dec 2022 ₹3.9K Cr | Mar 2023 ₹3.3K Cr | Jun 2023 ₹3.8K Cr | Sep 2023 ₹3.5K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹2.9K Cr | Jun 2024 ₹3.2K Cr | Sep 2024 ₹2.6K Cr | Dec 2024 ₹2.9K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹2.6K Cr | Sep 2025 ₹2.5K Cr | Dec 2025 ₹2.9K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 — - BLBD: Sep 2021 ₹197 Cr | Dec 2021 ₹192 Cr | Mar 2022 ₹129 Cr | Jun 2022 ₹208 Cr | Sep 2022 ₹206 Cr | Dec 2022 ₹258 Cr | Mar 2023 — | Jun 2023 ₹300 Cr | Sep 2023 ₹294 Cr | Dec 2023 ₹318 Cr | Mar 2024 ₹346 Cr | Jun 2024 ₹333 Cr | Sep 2024 ₹350 Cr | Dec 2024 ₹314 Cr | Mar 2025 ₹359 Cr | Jun 2025 ₹398 Cr | Sep 2025 ₹409 Cr | Dec 2025 ₹333 Cr | Mar 2026 ₹353 Cr | Jun 2026 — - ALG: Sep 2021 ₹338 Cr | Dec 2021 ₹337 Cr | Mar 2022 ₹362 Cr | Jun 2022 ₹396 Cr | Sep 2022 ₹369 Cr | Dec 2022 ₹387 Cr | Mar 2023 ₹412 Cr | Jun 2023 ₹441 Cr | Sep 2023 ₹420 Cr | Dec 2023 ₹418 Cr | Mar 2024 ₹426 Cr | Jun 2024 ₹416 Cr | Sep 2024 ₹401 Cr | Dec 2024 ₹385 Cr | Mar 2025 ₹391 Cr | Jun 2025 ₹419 Cr | Sep 2025 ₹420 Cr | Dec 2025 ₹374 Cr | Mar 2026 ₹417 Cr | Jun 2026 — - ASTE: Sep 2021 ₹267 Cr | Dec 2021 ₹267 Cr | Mar 2022 ₹291 Cr | Jun 2022 ₹318 Cr | Sep 2022 ₹315 Cr | Dec 2022 ₹350 Cr | Mar 2023 ₹348 Cr | Jun 2023 ₹350 Cr | Sep 2023 ₹303 Cr | Dec 2023 ₹337 Cr | Mar 2024 ₹309 Cr | Jun 2024 ₹346 Cr | Sep 2024 ₹291 Cr | Dec 2024 ₹359 Cr | Mar 2025 ₹329 Cr | Jun 2025 ₹330 Cr | Sep 2025 ₹350 Cr | Dec 2025 ₹401 Cr | Mar 2026 ₹396 Cr | Jun 2026 — - LNN: Sep 2021 ₹154 Cr | Dec 2021 ₹166 Cr | Mar 2022 ₹200 Cr | Jun 2022 ₹214 Cr | Sep 2022 ₹190 Cr | Dec 2022 ₹176 Cr | Mar 2023 ₹166 Cr | Jun 2023 ₹165 Cr | Sep 2023 ₹167 Cr | Dec 2023 ₹161 Cr | Mar 2024 ₹152 Cr | Jun 2024 ₹139 Cr | Sep 2024 ₹155 Cr | Dec 2024 ₹166 Cr | Mar 2025 ₹187 Cr | Jun 2025 ₹169 Cr | Sep 2025 ₹154 Cr | Dec 2025 ₹156 Cr | Mar 2026 ₹158 Cr | Jun 2026 ₹161 Cr - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹259 Cr | Jun 2024 ₹266 Cr | Sep 2024 ₹262 Cr | Dec 2024 ₹298 Cr | Mar 2025 ₹249 Cr | Jun 2025 ₹278 Cr | Sep 2025 ₹471 Cr | Dec 2025 ₹528 Cr | Mar 2026 ₹456 Cr | Jun 2026 — - HY: Sep 2021 ₹748 Cr | Dec 2021 ₹830 Cr | Mar 2022 ₹828 Cr | Jun 2022 ₹895 Cr | Sep 2022 ₹840 Cr | Dec 2022 ₹985 Cr | Mar 2023 ₹999 Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹1.0K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹910 Cr | Jun 2025 ₹957 Cr | Sep 2025 ₹979 Cr | Dec 2025 ₹923 Cr | Mar 2026 ₹795 Cr | Jun 2026 — - CMCO: Sep 2021 ₹224 Cr | Dec 2021 ₹216 Cr | Mar 2022 ₹253 Cr | Jun 2022 ₹220 Cr | Sep 2022 ₹232 Cr | Dec 2022 ₹230 Cr | Mar 2023 ₹254 Cr | Jun 2023 ₹235 Cr | Sep 2023 ₹258 Cr | Dec 2023 ₹254 Cr | Mar 2024 ₹266 Cr | Jun 2024 ₹240 Cr | Sep 2024 ₹242 Cr | Dec 2024 ₹234 Cr | Mar 2025 ₹247 Cr | Jun 2025 ₹236 Cr | Sep 2025 ₹261 Cr | Dec 2025 ₹259 Cr | Mar 2026 ₹438 Cr | Jun 2026 — - MTW: Sep 2021 ₹405 Cr | Dec 2021 ₹498 Cr | Mar 2022 ₹459 Cr | Jun 2022 ₹497 Cr | Sep 2022 ₹455 Cr | Dec 2022 ₹622 Cr | Mar 2023 ₹508 Cr | Jun 2023 ₹603 Cr | Sep 2023 ₹521 Cr | Dec 2023 ₹596 Cr | Mar 2024 ₹495 Cr | Jun 2024 ₹562 Cr | Sep 2024 ₹525 Cr | Dec 2024 ₹596 Cr | Mar 2025 ₹471 Cr | Jun 2025 ₹540 Cr | Sep 2025 ₹553 Cr | Dec 2025 ₹677 Cr | Mar 2026 ₹495 Cr | Jun 2026 — - WNC: Sep 2021 ₹483 Cr | Dec 2021 ₹479 Cr | Mar 2022 ₹547 Cr | Jun 2022 ₹643 Cr | Sep 2022 ₹655 Cr | Dec 2022 ₹657 Cr | Mar 2023 ₹621 Cr | Jun 2023 ₹687 Cr | Sep 2023 ₹633 Cr | Dec 2023 ₹596 Cr | Mar 2024 ₹515 Cr | Jun 2024 ₹551 Cr | Sep 2024 ₹464 Cr | Dec 2024 ₹417 Cr | Mar 2025 ₹381 Cr | Jun 2025 ₹459 Cr | Sep 2025 ₹382 Cr | Dec 2025 ₹321 Cr | Mar 2026 ₹303 Cr | Jun 2026 — - TWI: Sep 2021 ₹450 Cr | Dec 2021 ₹488 Cr | Mar 2022 ₹556 Cr | Jun 2022 ₹573 Cr | Sep 2022 ₹531 Cr | Dec 2022 ₹510 Cr | Mar 2023 ₹549 Cr | Jun 2023 ₹481 Cr | Sep 2023 ₹402 Cr | Dec 2023 ₹390 Cr | Mar 2024 ₹482 Cr | Jun 2024 ₹532 Cr | Sep 2024 ₹448 Cr | Dec 2024 ₹384 Cr | Mar 2025 ₹491 Cr | Jun 2025 ₹461 Cr | Sep 2025 ₹466 Cr | Dec 2025 ₹410 Cr | Mar 2026 ₹505 Cr | Jun 2026 — - GENC: Sep 2021 ₹20 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹31 Cr | Jun 2022 ₹30 Cr | Sep 2022 ₹23 Cr | Dec 2022 ₹26 Cr | Mar 2023 ₹31 Cr | Jun 2023 ₹28 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹41 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹21 Cr | Dec 2024 ₹31 Cr | Mar 2025 ₹38 Cr | Jun 2025 ₹27 Cr | Sep 2025 ₹19 Cr | Dec 2025 ₹24 Cr | Mar 2026 ₹34 Cr | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 ₹2 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹5 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹7 Cr | Jun 2025 — | Sep 2025 ₹8 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹7 Cr | Jun 2026 ₹7 Cr ### 20-quarter Revenue growth history - CAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 11% | Sep 2022 21% | Dec 2022 20% | Mar 2023 17% | Jun 2023 22% | Sep 2023 12% | Dec 2023 2.9% | Mar 2024 -0.4% | Jun 2024 -3.6% | Sep 2024 -4.2% | Dec 2024 -5.0% | Mar 2025 -9.8% | Jun 2025 -0.7% | Sep 2025 9.5% | Dec 2025 18% | Mar 2026 22% | Jun 2026 — - DE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 22% | Dec 2022 37% | Mar 2023 32% | Jun 2023 30% | Sep 2023 12% | Dec 2023 -0.8% | Mar 2024 -3.7% | Jun 2024 -12% | Sep 2024 -17% | Dec 2024 -28% | Mar 2025 -30% | Jun 2025 -16% | Sep 2025 -8.6% | Dec 2025 11% | Mar 2026 13% | Jun 2026 4.8% - PCAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 23% | Sep 2022 37% | Dec 2022 22% | Mar 2023 31% | Jun 2023 24% | Sep 2023 23% | Dec 2023 12% | Mar 2024 3.2% | Jun 2024 -1.2% | Sep 2024 -5.2% | Dec 2024 -13% | Mar 2025 -15% | Jun 2025 -14% | Sep 2025 -19% | Dec 2025 -14% | Mar 2026 -8.9% | Jun 2026 — - CNH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 24% | Dec 2022 27% | Mar 2023 15% | Jun 2023 8.0% | Sep 2023 1.8% | Dec 2023 -2.2% | Mar 2024 -9.8% | Jun 2024 -16% | Sep 2024 -22% | Dec 2024 -28% | Mar 2025 -21% | Jun 2025 -14% | Sep 2025 -5.5% | Dec 2025 5.8% | Mar 2026 -0.1% | Jun 2026 — - OSK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -6.5% | Sep 2022 0.2% | Dec 2022 23% | Mar 2023 17% | Jun 2023 17% | Sep 2023 21% | Dec 2023 12% | Mar 2024 12% | Jun 2024 18% | Sep 2024 9.2% | Dec 2024 5.3% | Mar 2025 -9.1% | Jun 2025 -4.0% | Sep 2025 -1.9% | Dec 2025 3.5% | Mar 2026 0.2% | Jun 2026 — - FSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.6% | Sep 2022 16% | Dec 2022 30% | Mar 2023 17% | Jun 2023 20% | Sep 2023 29% | Dec 2023 14% | Mar 2024 10% | Jun 2024 11% | Sep 2024 6.3% | Dec 2024 5.4% | Mar 2025 9.2% | Jun 2025 15% | Sep 2025 17% | Dec 2025 26% | Mar 2026 35% | Jun 2026 — - TEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 3.7% | Sep 2022 13% | Dec 2022 23% | Mar 2023 23% | Jun 2023 30% | Sep 2023 15% | Dec 2023 0.4% | Mar 2024 4.5% | Jun 2024 -1.5% | Sep 2024 -6.1% | Dec 2024 1.5% | Mar 2025 -4.9% | Jun 2025 7.6% | Sep 2025 14% | Dec 2025 6.2% | Mar 2026 41% | Jun 2026 — - AGCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.3% | Sep 2022 15% | Dec 2022 24% | Mar 2023 24% | Jun 2023 30% | Sep 2023 11% | Dec 2023 -2.5% | Mar 2024 -12% | Jun 2024 -15% | Sep 2024 -25% | Dec 2024 -24% | Mar 2025 -30% | Jun 2025 -19% | Sep 2025 -4.7% | Dec 2025 1.1% | Mar 2026 14% | Jun 2026 — - BLBD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 4.6% | Dec 2022 34% | Mar 2023 — | Jun 2023 44% | Sep 2023 43% | Dec 2023 23% | Mar 2024 — | Jun 2024 11% | Sep 2024 19% | Dec 2024 -1.3% | Mar 2025 3.8% | Jun 2025 20% | Sep 2025 17% | Dec 2025 6.1% | Mar 2026 -1.7% | Jun 2026 — - ALG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 14% | Sep 2022 9.2% | Dec 2022 15% | Mar 2023 14% | Jun 2023 11% | Sep 2023 14% | Dec 2023 8.0% | Mar 2024 3.4% | Jun 2024 -5.7% | Sep 2024 -4.5% | Dec 2024 -7.9% | Mar 2025 -8.2% | Jun 2025 0.7% | Sep 2025 4.7% | Dec 2025 -2.9% | Mar 2026 6.7% | Jun 2026 — - ASTE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 14% | Sep 2022 18% | Dec 2022 31% | Mar 2023 20% | Jun 2023 10% | Sep 2023 -3.8% | Dec 2023 -3.7% | Mar 2024 -11% | Jun 2024 -1.1% | Sep 2024 -4.0% | Dec 2024 6.5% | Mar 2025 6.5% | Jun 2025 -4.6% | Sep 2025 20% | Dec 2025 12% | Mar 2026 20% | Jun 2026 — - LNN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 23% | Dec 2022 6.0% | Mar 2023 -17% | Jun 2023 -23% | Sep 2023 -12% | Dec 2023 -8.5% | Mar 2024 -8.4% | Jun 2024 -16% | Sep 2024 -7.2% | Dec 2024 3.1% | Mar 2025 23% | Jun 2025 22% | Sep 2025 -0.7% | Dec 2025 -6.0% | Mar 2026 -16% | Jun 2026 -4.7% - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -3.9% | Jun 2025 4.5% | Sep 2025 80% | Dec 2025 77% | Mar 2026 83% | Jun 2026 — - HY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 17% | Sep 2022 12% | Dec 2022 19% | Mar 2023 21% | Jun 2023 22% | Sep 2023 19% | Dec 2023 4.3% | Mar 2024 5.8% | Jun 2024 7.1% | Sep 2024 1.5% | Dec 2024 4.0% | Mar 2025 -14% | Jun 2025 -18% | Sep 2025 -3.6% | Dec 2025 -14% | Mar 2026 -13% | Jun 2026 — - CMCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 3.3% | Sep 2022 3.6% | Dec 2022 6.5% | Mar 2023 0.4% | Jun 2023 6.8% | Sep 2023 11% | Dec 2023 10% | Mar 2024 4.7% | Jun 2024 2.1% | Sep 2024 -6.2% | Dec 2024 -7.9% | Mar 2025 -7.1% | Jun 2025 -1.7% | Sep 2025 7.9% | Dec 2025 11% | Mar 2026 77% | Jun 2026 — - MTW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.1% | Sep 2022 12% | Dec 2022 25% | Mar 2023 11% | Jun 2023 21% | Sep 2023 15% | Dec 2023 -4.2% | Mar 2024 -2.6% | Jun 2024 -6.8% | Sep 2024 0.8% | Dec 2024 0.0% | Mar 2025 -4.9% | Jun 2025 -3.9% | Sep 2025 5.3% | Dec 2025 14% | Mar 2026 5.1% | Jun 2026 — - WNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 43% | Sep 2022 36% | Dec 2022 37% | Mar 2023 14% | Jun 2023 6.8% | Sep 2023 -3.4% | Dec 2023 -9.3% | Mar 2024 -17% | Jun 2024 -20% | Sep 2024 -27% | Dec 2024 -30% | Mar 2025 -26% | Jun 2025 -17% | Sep 2025 -18% | Dec 2025 -23% | Mar 2026 -20% | Jun 2026 — - TWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 18% | Dec 2022 4.5% | Mar 2023 -1.3% | Jun 2023 -16% | Sep 2023 -24% | Dec 2023 -24% | Mar 2024 -12% | Jun 2024 11% | Sep 2024 11% | Dec 2024 -1.5% | Mar 2025 1.9% | Jun 2025 -13% | Sep 2025 4.0% | Dec 2025 6.8% | Mar 2026 2.9% | Jun 2026 — - GENC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 15% | Dec 2022 30% | Mar 2023 0.0% | Jun 2023 -6.7% | Sep 2023 -8.7% | Dec 2023 0.0% | Mar 2024 32% | Jun 2024 -7.1% | Sep 2024 0.0% | Dec 2024 19% | Mar 2025 -7.3% | Jun 2025 3.9% | Sep 2025 -9.5% | Dec 2025 -23% | Mar 2026 -11% | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 150% | Jun 2023 -67% | Sep 2023 -80% | Dec 2023 -100% | Mar 2024 -100% | Jun 2024 100% | Sep 2024 600% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 14% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: Deere & Company leads opm at 22.5%; Blue Bird Corporation leads margin change at +1.7 percentage points. Investor read: Deere & Company sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Deere & Company · 22.5% | 27.1% versus #2 · Caterpillar Inc. | 0/8 recent comparable periods | 20/21 companies · 367 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Deere & Company (DE): 23% 2. Caterpillar Inc. (CAT): 18% 3. Federal Signal Corporation (FSS): 16% 4. Gencor Industries, Inc. (GENC): 13% 5. Lindsay Corporation (LNN): 12% ### Margin change — fastest expanders 1. Blue Bird Corporation (BLBD): +1.7 pp 2. Federal Signal Corporation (FSS): +1.7 pp 3. AGCO Corporation (AGCO): +1.0 pp 4. Caterpillar Inc. (CAT): −0.4 pp 5. The Manitowoc Company, Inc. (MTW): −0.5 pp ### 20-quarter OPM history - CAT: Sep 2021 13% | Dec 2021 12% | Mar 2022 14% | Jun 2022 14% | Sep 2022 16% | Dec 2022 10% | Mar 2023 17% | Jun 2023 21% | Sep 2023 21% | Dec 2023 18% | Mar 2024 22% | Jun 2024 21% | Sep 2024 20% | Dec 2024 18% | Mar 2025 18% | Jun 2025 17% | Sep 2025 17% | Dec 2025 14% | Mar 2026 18% | Jun 2026 — - DE: Sep 2021 21% | Dec 2021 16% | Mar 2022 14% | Jun 2022 21% | Sep 2022 20% | Dec 2022 21% | Mar 2023 24% | Jun 2023 25% | Sep 2023 27% | Dec 2023 25% | Mar 2024 25% | Jun 2024 26% | Sep 2024 24% | Dec 2024 21% | Mar 2025 20% | Jun 2025 25% | Sep 2025 20% | Dec 2025 18% | Mar 2026 16% | Jun 2026 23% - PCAR: Sep 2021 9.2% | Dec 2021 9.4% | Mar 2022 12% | Jun 2022 13% | Sep 2022 13% | Dec 2022 14% | Mar 2023 17% | Jun 2023 17% | Sep 2023 17% | Dec 2023 17% | Mar 2024 16% | Jun 2024 15% | Sep 2024 14% | Dec 2024 13% | Mar 2025 12% | Jun 2025 11% | Sep 2025 9.5% | Dec 2025 8.8% | Mar 2026 10% | Jun 2026 — - CNH: Sep 2021 14% | Dec 2021 8.3% | Mar 2022 13% | Jun 2022 15% | Sep 2022 16% | Dec 2022 14% | Mar 2023 17% | Jun 2023 18% | Sep 2023 17% | Dec 2023 14% | Mar 2024 17% | Jun 2024 16% | Sep 2024 16% | Dec 2024 14% | Mar 2025 14% | Jun 2025 14% | Sep 2025 9.8% | Dec 2025 10% | Mar 2026 9.9% | Jun 2026 — - OSK: Sep 2021 5.1% | Dec 2021 2.3% | Mar 2022 1.6% | Jun 2022 3.7% | Sep 2022 5.7% | Dec 2022 6.7% | Mar 2023 5.8% | Jun 2023 9.7% | Sep 2023 10% | Dec 2023 8.7% | Mar 2024 10% | Jun 2024 9.2% | Sep 2024 9.7% | Dec 2024 8.6% | Mar 2025 7.6% | Jun 2025 11% | Sep 2025 9.7% | Dec 2025 7.9% | Mar 2026 3.5% | Jun 2026 — - FSS: Sep 2021 12% | Dec 2021 10% | Mar 2022 8.6% | Jun 2022 13% | Sep 2022 11% | Dec 2022 12% | Mar 2023 10% | Jun 2023 13% | Sep 2023 14% | Dec 2023 14% | Mar 2024 13% | Jun 2024 17% | Sep 2024 16% | Dec 2024 15% | Mar 2025 14% | Jun 2025 17% | Sep 2025 17% | Dec 2025 14% | Mar 2026 16% | Jun 2026 — - TEX: Sep 2021 7.5% | Dec 2021 7.0% | Mar 2022 7.4% | Jun 2022 9.6% | Sep 2022 11% | Dec 2022 9.9% | Mar 2023 12% | Jun 2023 15% | Sep 2023 13% | Dec 2023 9.5% | Mar 2024 12% | Jun 2024 14% | Sep 2024 10% | Dec 2024 4.3% | Mar 2025 5.6% | Jun 2025 8.7% | Sep 2025 10% | Dec 2025 10% | Mar 2026 -4.7% | Jun 2026 — - AGCO: Sep 2021 9.2% | Dec 2021 8.4% | Mar 2022 7.6% | Jun 2022 8.9% | Sep 2022 11% | Dec 2022 12% | Mar 2023 12% | Jun 2023 13% | Sep 2023 12% | Dec 2023 10% | Mar 2024 9.3% | Jun 2024 -7.4% | Sep 2024 4.4% | Dec 2024 -9.3% | Mar 2025 2.4% | Jun 2025 6.2% | Sep 2025 6.1% | Dec 2025 7.9% | Mar 2026 3.4% | Jun 2026 — - BLBD: Sep 2021 4.1% | Dec 2021 -1.3% | Mar 2022 -1.6% | Jun 2022 -8.0% | Sep 2022 0.5% | Dec 2022 -8.9% | Mar 2023 — | Jun 2023 4.2% | Sep 2023 6.6% | Dec 2023 12% | Mar 2024 10% | Jun 2024 12% | Sep 2024 7.3% | Dec 2024 11% | Mar 2025 9.4% | Jun 2025 13% | Sep 2025 12% | Dec 2025 11% | Mar 2026 11% | Jun 2026 — - ALG: Sep 2021 8.9% | Dec 2021 8.3% | Mar 2022 8.0% | Jun 2022 10% | Sep 2022 9.7% | Dec 2022 11% | Mar 2023 12% | Jun 2023 12% | Sep 2023 12% | Dec 2023 11% | Mar 2024 11% | Jun 2024 10% | Sep 2024 10% | Dec 2024 8.9% | Mar 2025 11% | Jun 2025 11% | Sep 2025 8.9% | Dec 2025 6.0% | Mar 2026 10% | Jun 2026 — - ASTE: Sep 2021 2.4% | Dec 2021 -2.3% | Mar 2022 1.4% | Jun 2022 -0.5% | Sep 2022 0.6% | Dec 2022 0.9% | Mar 2023 5.1% | Jun 2023 4.9% | Sep 2023 -1.7% | Dec 2023 5.6% | Mar 2024 2.0% | Jun 2024 -3.1% | Sep 2024 -2.5% | Dec 2024 9.7% | Mar 2025 6.2% | Jun 2025 6.5% | Sep 2025 0.3% | Dec 2025 5.7% | Mar 2026 2.3% | Jun 2026 — - LNN: Sep 2021 6.1% | Dec 2021 8.0% | Mar 2022 9.2% | Jun 2022 16% | Sep 2022 15% | Dec 2022 14% | Mar 2023 16% | Jun 2023 16% | Sep 2023 14% | Dec 2023 13% | Mar 2024 15% | Jun 2024 14% | Sep 2024 8.7% | Dec 2024 13% | Mar 2025 17% | Jun 2025 14% | Sep 2025 7.4% | Dec 2025 13% | Mar 2026 8.3% | Jun 2026 12% - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 7.8% | Jun 2024 7.3% | Sep 2024 6.2% | Dec 2024 4.3% | Mar 2025 5.8% | Jun 2025 5.0% | Sep 2025 3.7% | Dec 2025 5.2% | Mar 2026 3.4% | Jun 2026 — - HY: Sep 2021 -7.3% | Dec 2021 -13% | Mar 2022 -2.2% | Jun 2022 -1.8% | Sep 2022 -3.0% | Dec 2022 2.0% | Mar 2023 4.3% | Jun 2023 5.4% | Sep 2023 5.9% | Dec 2023 4.7% | Mar 2024 7.9% | Jun 2024 8.2% | Sep 2024 3.3% | Dec 2024 3.0% | Mar 2025 2.3% | Jun 2025 -0.9% | Sep 2025 0.2% | Dec 2025 -4.0% | Mar 2026 -3.5% | Jun 2026 — - CMCO: Sep 2021 11% | Dec 2021 7.1% | Mar 2022 9.5% | Jun 2022 10% | Sep 2022 12% | Dec 2022 8.8% | Mar 2023 11% | Jun 2023 9.1% | Sep 2023 13% | Dec 2023 11% | Mar 2024 9.6% | Jun 2024 8.8% | Sep 2024 4.5% | Dec 2024 7.6% | Mar 2025 2.0% | Jun 2025 2.3% | Sep 2025 4.7% | Dec 2025 6.3% | Mar 2026 -35% | Jun 2026 — - MTW: Sep 2021 1.8% | Dec 2021 0.4% | Mar 2022 3.8% | Jun 2022 3.7% | Sep 2022 1.7% | Dec 2022 5.7% | Mar 2023 5.9% | Jun 2023 5.7% | Sep 2023 3.5% | Dec 2023 1.6% | Mar 2024 3.1% | Jun 2024 2.3% | Sep 2024 1.4% | Dec 2024 2.7% | Mar 2025 1.1% | Jun 2025 1.8% | Sep 2025 3.3% | Dec 2025 3.0% | Mar 2026 0.6% | Jun 2026 — - WNC: Sep 2021 3.8% | Dec 2021 -3.9% | Mar 2022 3.7% | Jun 2022 5.6% | Sep 2022 8.1% | Dec 2022 8.8% | Mar 2023 11% | Jun 2023 15% | Sep 2023 12% | Dec 2023 10% | Mar 2024 5.7% | Jun 2024 7.9% | Sep 2024 -93% | Dec 2024 0.9% | Mar 2025 83% | Jun 2025 -1.0% | Sep 2025 15% | Dec 2025 -19% | Mar 2026 -17% | Jun 2026 — - TWI: Sep 2021 5.1% | Dec 2021 5.0% | Mar 2022 8.0% | Jun 2022 12% | Sep 2022 9.5% | Dec 2022 8.0% | Mar 2023 10% | Jun 2023 9.5% | Sep 2023 6.7% | Dec 2023 5.3% | Mar 2024 5.2% | Jun 2024 4.2% | Sep 2024 0.6% | Dec 2024 -4.4% | Mar 2025 2.4% | Jun 2025 2.2% | Sep 2025 2.1% | Dec 2025 -2.7% | Mar 2026 -2.7% | Jun 2026 — - GENC: Sep 2021 -3.5% | Dec 2021 -5.2% | Mar 2022 6.2% | Jun 2022 7.3% | Sep 2022 5.0% | Dec 2022 8.2% | Mar 2023 17% | Jun 2023 12% | Sep 2023 13% | Dec 2023 13% | Mar 2024 17% | Jun 2024 7.8% | Sep 2024 5.9% | Dec 2024 15% | Mar 2025 17% | Jun 2025 12% | Sep 2025 -1.2% | Dec 2025 13% | Mar 2026 13% | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 -92% | Jun 2022 -59% | Sep 2022 -21% | Dec 2022 -88% | Mar 2023 -9.5% | Jun 2023 -66% | Sep 2023 -88% | Dec 2023 -396% | Mar 2024 -394% | Jun 2024 -27% | Sep 2024 12% | Dec 2024 5.1% | Mar 2025 14% | Jun 2025 — | Sep 2025 -75% | Dec 2025 — | Mar 2026 — | Jun 2026 -993% ### 20-quarter Margin change history - CAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.3 pp | Sep 2022 +2.8 pp | Dec 2022 −1.6 pp | Mar 2023 +3.5 pp | Jun 2023 +7.5 pp | Sep 2023 +4.3 pp | Dec 2023 +8.3 pp | Mar 2024 +5.1 pp | Jun 2024 −0.2 pp | Sep 2024 −1.0 pp | Dec 2024 −0.4 pp | Mar 2025 −4.2 pp | Jun 2025 −3.6 pp | Sep 2025 −2.2 pp | Dec 2025 −4.1 pp | Mar 2026 −0.4 pp | Jun 2026 — - DE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +4.7 pp | Mar 2023 +9.1 pp | Jun 2023 +4.9 pp | Sep 2023 +6.7 pp | Dec 2023 +4.2 pp | Mar 2024 +1.3 pp | Jun 2024 +0.5 pp | Sep 2024 −2.5 pp | Dec 2024 −3.6 pp | Mar 2025 −4.5 pp | Jun 2025 −1.4 pp | Sep 2025 −4.4 pp | Dec 2025 −3.8 pp | Mar 2026 −4.1 pp | Jun 2026 −2.0 pp - PCAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.9 pp | Sep 2022 +3.9 pp | Dec 2022 +4.4 pp | Mar 2023 +5.6 pp | Jun 2023 +4.3 pp | Sep 2023 +4.1 pp | Dec 2023 +2.9 pp | Mar 2024 −0.8 pp | Jun 2024 −1.5 pp | Sep 2024 −3.6 pp | Dec 2024 −4.0 pp | Mar 2025 −4.4 pp | Jun 2025 −4.1 pp | Sep 2025 −4.1 pp | Dec 2025 −3.9 pp | Mar 2026 −1.9 pp | Jun 2026 — - CNH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +2.3 pp | Sep 2022 +1.9 pp | Dec 2022 +5.7 pp | Mar 2023 +3.6 pp | Jun 2023 +2.7 pp | Sep 2023 +1.2 pp | Dec 2023 +0.4 pp | Mar 2024 −0.3 pp | Jun 2024 −1.8 pp | Sep 2024 −0.9 pp | Dec 2024 −0.8 pp | Mar 2025 −2.8 pp | Jun 2025 −2.4 pp | Sep 2025 −6.1 pp | Dec 2025 −3.6 pp | Mar 2026 −3.8 pp | Jun 2026 — - OSK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −5.5 pp | Sep 2022 +0.6 pp | Dec 2022 +4.4 pp | Mar 2023 +4.2 pp | Jun 2023 +6.0 pp | Sep 2023 +4.5 pp | Dec 2023 +2.0 pp | Mar 2024 +4.4 pp | Jun 2024 −0.5 pp | Sep 2024 −0.5 pp | Dec 2024 −0.1 pp | Mar 2025 −2.6 pp | Jun 2025 +1.5 pp | Sep 2025 0.0 pp | Dec 2025 −0.7 pp | Mar 2026 −4.1 pp | Jun 2026 — - FSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.1 pp | Sep 2022 −0.1 pp | Dec 2022 +1.9 pp | Mar 2023 +1.6 pp | Jun 2023 +0.8 pp | Sep 2023 +2.6 pp | Dec 2023 +2.2 pp | Mar 2024 +2.6 pp | Jun 2024 +3.1 pp | Sep 2024 +2.0 pp | Dec 2024 +0.8 pp | Mar 2025 +1.4 pp | Jun 2025 +0.8 pp | Sep 2025 +0.9 pp | Dec 2025 −0.9 pp | Mar 2026 +1.7 pp | Jun 2026 — - TEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.2 pp | Sep 2022 +3.3 pp | Dec 2022 +2.9 pp | Mar 2023 +4.6 pp | Jun 2023 +5.4 pp | Sep 2023 +1.8 pp | Dec 2023 −0.4 pp | Mar 2024 +0.2 pp | Jun 2024 −1.0 pp | Sep 2024 −2.5 pp | Dec 2024 −5.2 pp | Mar 2025 −6.6 pp | Jun 2025 −5.3 pp | Sep 2025 0.0 pp | Dec 2025 +6.1 pp | Mar 2026 −10.3 pp | Jun 2026 — - AGCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.2 pp | Sep 2022 +1.4 pp | Dec 2022 +3.5 pp | Mar 2023 +4.0 pp | Jun 2023 +4.1 pp | Sep 2023 +1.7 pp | Dec 2023 −1.6 pp | Mar 2024 −2.3 pp | Jun 2024 −20.4 pp | Sep 2024 −7.9 pp | Dec 2024 −19.6 pp | Mar 2025 −6.9 pp | Jun 2025 +13.6 pp | Sep 2025 +1.7 pp | Dec 2025 +17.2 pp | Mar 2026 +1.0 pp | Jun 2026 — - BLBD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.6 pp | Dec 2022 −7.6 pp | Mar 2023 — | Jun 2023 +12.2 pp | Sep 2023 +6.1 pp | Dec 2023 +20.8 pp | Mar 2024 — | Jun 2024 +7.7 pp | Sep 2024 +0.7 pp | Dec 2024 −1.4 pp | Mar 2025 −1.0 pp | Jun 2025 +0.7 pp | Sep 2025 +5.0 pp | Dec 2025 +0.8 pp | Mar 2026 +1.7 pp | Jun 2026 — - ALG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.6 pp | Sep 2022 +0.8 pp | Dec 2022 +2.7 pp | Mar 2023 +3.9 pp | Jun 2023 +2.0 pp | Sep 2023 +2.2 pp | Dec 2023 −0.3 pp | Mar 2024 −0.9 pp | Jun 2024 −1.9 pp | Sep 2024 −1.9 pp | Dec 2024 −1.8 pp | Mar 2025 +0.4 pp | Jun 2025 +0.8 pp | Sep 2025 −1.1 pp | Dec 2025 −2.9 pp | Mar 2026 −1.3 pp | Jun 2026 — - ASTE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.2 pp | Sep 2022 −1.8 pp | Dec 2022 +3.2 pp | Mar 2023 +3.7 pp | Jun 2023 +5.4 pp | Sep 2023 −2.3 pp | Dec 2023 +4.7 pp | Mar 2024 −3.1 pp | Jun 2024 −8.0 pp | Sep 2024 −0.8 pp | Dec 2024 +4.1 pp | Mar 2025 +4.2 pp | Jun 2025 +9.6 pp | Sep 2025 +2.8 pp | Dec 2025 −4.0 pp | Mar 2026 −3.9 pp | Jun 2026 — - LNN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +8.5 pp | Dec 2022 +6.0 pp | Mar 2023 +7.2 pp | Jun 2023 0.0 pp | Sep 2023 −0.6 pp | Dec 2023 −0.9 pp | Mar 2024 −1.8 pp | Jun 2024 −2.1 pp | Sep 2024 −5.3 pp | Dec 2024 −0.5 pp | Mar 2025 +2.6 pp | Jun 2025 −0.3 pp | Sep 2025 −1.3 pp | Dec 2025 0.0 pp | Mar 2026 −8.9 pp | Jun 2026 −2.5 pp - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 −2.0 pp | Jun 2025 −2.3 pp | Sep 2025 −2.5 pp | Dec 2025 +0.9 pp | Mar 2026 −2.4 pp | Jun 2026 — - HY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.6 pp | Sep 2022 +4.3 pp | Dec 2022 +14.9 pp | Mar 2023 +6.5 pp | Jun 2023 +7.2 pp | Sep 2023 +8.9 pp | Dec 2023 +2.7 pp | Mar 2024 +3.6 pp | Jun 2024 +2.8 pp | Sep 2024 −2.6 pp | Dec 2024 −1.7 pp | Mar 2025 −5.6 pp | Jun 2025 −9.1 pp | Sep 2025 −3.1 pp | Dec 2025 −7.0 pp | Mar 2026 −5.8 pp | Jun 2026 — - CMCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +5.4 pp | Sep 2022 +1.2 pp | Dec 2022 +1.7 pp | Mar 2023 +1.3 pp | Jun 2023 −1.3 pp | Sep 2023 +1.1 pp | Dec 2023 +1.8 pp | Mar 2024 −1.2 pp | Jun 2024 −0.3 pp | Sep 2024 −8.4 pp | Dec 2024 −3.0 pp | Mar 2025 −7.6 pp | Jun 2025 −6.5 pp | Sep 2025 +0.2 pp | Dec 2025 −1.3 pp | Mar 2026 −37.0 pp | Jun 2026 — - MTW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.1 pp | Sep 2022 −0.1 pp | Dec 2022 +5.3 pp | Mar 2023 +2.1 pp | Jun 2023 +2.0 pp | Sep 2023 +1.8 pp | Dec 2023 −4.1 pp | Mar 2024 −2.8 pp | Jun 2024 −3.4 pp | Sep 2024 −2.1 pp | Dec 2024 +1.1 pp | Mar 2025 −2.0 pp | Jun 2025 −0.5 pp | Sep 2025 +1.9 pp | Dec 2025 +0.3 pp | Mar 2026 −0.5 pp | Jun 2026 — - WNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.6 pp | Sep 2022 +4.3 pp | Dec 2022 +12.7 pp | Mar 2023 +7.6 pp | Jun 2023 +9.4 pp | Sep 2023 +4.2 pp | Dec 2023 +1.5 pp | Mar 2024 −5.6 pp | Jun 2024 −7.1 pp | Sep 2024 −105.6 pp | Dec 2024 −9.4 pp | Mar 2025 +76.9 pp | Jun 2025 −8.9 pp | Sep 2025 +108.4 pp | Dec 2025 −19.5 pp | Mar 2026 −99.9 pp | Jun 2026 — - TWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +6.8 pp | Sep 2022 +4.4 pp | Dec 2022 +3.0 pp | Mar 2023 +2.0 pp | Jun 2023 −2.7 pp | Sep 2023 −2.8 pp | Dec 2023 −2.7 pp | Mar 2024 −4.8 pp | Jun 2024 −5.3 pp | Sep 2024 −6.1 pp | Dec 2024 −9.7 pp | Mar 2025 −2.8 pp | Jun 2025 −2.0 pp | Sep 2025 +1.5 pp | Dec 2025 +1.7 pp | Mar 2026 −5.1 pp | Jun 2026 — - GENC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +2.4 pp | Sep 2022 +8.5 pp | Dec 2022 +13.4 pp | Mar 2023 +10.7 pp | Jun 2023 +5.1 pp | Sep 2023 +7.9 pp | Dec 2023 +4.8 pp | Mar 2024 +0.5 pp | Jun 2024 −4.6 pp | Sep 2024 −7.0 pp | Dec 2024 +1.7 pp | Mar 2025 −0.4 pp | Jun 2025 +3.8 pp | Sep 2025 −7.1 pp | Dec 2025 −1.5 pp | Mar 2026 −4.5 pp | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +82.9 pp | Jun 2023 −7.5 pp | Sep 2023 −67.4 pp | Dec 2023 −308.6 pp | Mar 2024 −384.4 pp | Jun 2024 +39.1 pp | Sep 2024 +100.7 pp | Dec 2024 +401.5 pp | Mar 2025 +407.8 pp | Jun 2025 — | Sep 2025 −87.3 pp | Dec 2025 +1,252.1 pp | Mar 2026 −2,254.1 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Caterpillar Inc. leads with $9,318 million of TTM profit, 95.9% above Deere & Company. Astec Industries, Inc. shows 73.3% growth from a $26 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Caterpillar Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Caterpillar Inc. · $9,318 million | 95.9% versus #2 · Deere & Company | 2/8 recent comparable periods | 12/21 companies · 369 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Caterpillar Inc. (CAT): ₹9.3K Cr 2. Deere & Company (DE): ₹4.8K Cr 3. CNH Industrial N.V. (CNH): ₹383 Cr 4. Blue Bird Corporation (BLBD): ₹132 Cr 5. CEA Industries Inc. (BNC): ₹115 Cr ### Profit growth — fastest growers 1. Astec Industries, Inc. (ASTE): 73% 2. Blue Bird Corporation (BLBD): 21% 3. Caterpillar Inc. (CAT): -5.8% 4. Gencor Industries, Inc. (GENC): -7.1% 5. Alamo Group Inc. (ALG): -12% ### 20-quarter Net profit history - CAT: Sep 2021 ₹1.4K Cr | Dec 2021 ₹2.1K Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹1.7K Cr | Sep 2022 ₹2.0K Cr | Dec 2022 ₹1.5K Cr | Mar 2023 ₹1.9K Cr | Jun 2023 ₹2.9K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹2.7K Cr | Mar 2024 ₹2.8K Cr | Jun 2024 ₹2.7K Cr | Sep 2024 ₹2.5K Cr | Dec 2024 ₹2.8K Cr | Mar 2025 ₹2.0K Cr | Jun 2025 ₹2.2K Cr | Sep 2025 ₹2.3K Cr | Dec 2025 ₹2.3K Cr | Mar 2026 ₹2.5K Cr | Jun 2026 — - DE: Sep 2021 ₹1.7K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹904 Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹1.9K Cr | Dec 2022 ₹2.2K Cr | Mar 2023 ₹2.0K Cr | Jun 2023 ₹2.9K Cr | Sep 2023 ₹3.0K Cr | Dec 2023 ₹2.4K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹2.4K Cr | Sep 2024 ₹1.7K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹867 Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹655 Cr | Jun 2026 ₹1.8K Cr - PCAR: Sep 2021 ₹381 Cr | Dec 2021 ₹519 Cr | Mar 2022 ₹601 Cr | Jun 2022 ₹720 Cr | Sep 2022 ₹769 Cr | Dec 2022 ₹921 Cr | Mar 2023 ₹734 Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹972 Cr | Dec 2024 ₹872 Cr | Mar 2025 ₹505 Cr | Jun 2025 ₹724 Cr | Sep 2025 ₹590 Cr | Dec 2025 ₹557 Cr | Mar 2026 ₹605 Cr | Jun 2026 — - CNH: Sep 2021 ₹329 Cr | Dec 2021 ₹307 Cr | Mar 2022 ₹336 Cr | Jun 2022 ₹552 Cr | Sep 2022 ₹559 Cr | Dec 2022 ₹592 Cr | Mar 2023 ₹486 Cr | Jun 2023 ₹710 Cr | Sep 2023 ₹540 Cr | Dec 2023 ₹583 Cr | Mar 2024 ₹369 Cr | Jun 2024 ₹404 Cr | Sep 2024 ₹310 Cr | Dec 2024 ₹176 Cr | Mar 2025 ₹132 Cr | Jun 2025 ₹217 Cr | Sep 2025 ₹67 Cr | Dec 2025 ₹89 Cr | Mar 2026 ₹10 Cr | Jun 2026 — - OSK: Sep 2021 ₹89 Cr | Dec 2021 ₹23 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹34 Cr | Sep 2022 ₹67 Cr | Dec 2022 ₹76 Cr | Mar 2023 ₹95 Cr | Jun 2023 ₹175 Cr | Sep 2023 ₹186 Cr | Dec 2023 ₹151 Cr | Mar 2024 ₹182 Cr | Jun 2024 ₹176 Cr | Sep 2024 ₹182 Cr | Dec 2024 ₹154 Cr | Mar 2025 ₹114 Cr | Jun 2025 ₹206 Cr | Sep 2025 ₹197 Cr | Dec 2025 ₹134 Cr | Mar 2026 ₹44 Cr | Jun 2026 — - FSS: Sep 2021 ₹29 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹21 Cr | Jun 2022 ₹34 Cr | Sep 2022 ₹32 Cr | Dec 2022 ₹35 Cr | Mar 2023 ₹27 Cr | Jun 2023 ₹40 Cr | Sep 2023 ₹43 Cr | Dec 2023 ₹46 Cr | Mar 2024 ₹50 Cr | Jun 2024 ₹61 Cr | Sep 2024 ₹54 Cr | Dec 2024 ₹50 Cr | Mar 2025 ₹46 Cr | Jun 2025 ₹71 Cr | Sep 2025 ₹68 Cr | Dec 2025 ₹61 Cr | Mar 2026 ₹70 Cr | Jun 2026 — - TEX: Sep 2021 ₹63 Cr | Dec 2021 ₹58 Cr | Mar 2022 ₹65 Cr | Jun 2022 ₹93 Cr | Sep 2022 ₹108 Cr | Dec 2022 ₹108 Cr | Mar 2023 ₹135 Cr | Jun 2023 ₹196 Cr | Sep 2023 ₹148 Cr | Dec 2023 ₹102 Cr | Mar 2024 ₹147 Cr | Jun 2024 ₹174 Cr | Sep 2024 ₹112 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹21 Cr | Jun 2025 ₹89 Cr | Sep 2025 ₹98 Cr | Dec 2025 ₹97 Cr | Mar 2026 ₹-93 Cr | Jun 2026 — - AGCO: Sep 2021 ₹182 Cr | Dec 2021 ₹283 Cr | Mar 2022 ₹137 Cr | Jun 2022 ₹178 Cr | Sep 2022 ₹238 Cr | Dec 2022 ₹322 Cr | Mar 2023 ₹233 Cr | Jun 2023 ₹319 Cr | Sep 2023 ₹281 Cr | Dec 2023 ₹263 Cr | Mar 2024 ₹168 Cr | Jun 2024 ₹-369 Cr | Sep 2024 ₹29 Cr | Dec 2024 ₹-314 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹314 Cr | Sep 2025 ₹303 Cr | Dec 2025 ₹93 Cr | Mar 2026 ₹52 Cr | Jun 2026 — - BLBD: Sep 2021 ₹4 Cr | Dec 2021 ₹-2 Cr | Mar 2022 ₹-4 Cr | Jun 2022 ₹-12 Cr | Sep 2022 ₹-6 Cr | Dec 2022 ₹-23 Cr | Mar 2023 — | Jun 2023 ₹7 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹25 Cr | Dec 2024 ₹29 Cr | Mar 2025 ₹26 Cr | Jun 2025 ₹36 Cr | Sep 2025 ₹36 Cr | Dec 2025 ₹31 Cr | Mar 2026 ₹29 Cr | Jun 2026 — - ALG: Sep 2021 ₹18 Cr | Dec 2021 ₹19 Cr | Mar 2022 ₹18 Cr | Jun 2022 ₹28 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹29 Cr | Mar 2023 ₹33 Cr | Jun 2023 ₹36 Cr | Sep 2023 ₹35 Cr | Dec 2023 ₹32 Cr | Mar 2024 ₹32 Cr | Jun 2024 ₹28 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹28 Cr | Mar 2025 ₹32 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹29 Cr | Jun 2026 — - ASTE: Sep 2021 ₹9 Cr | Dec 2021 ₹-10 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹-4 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹-1 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹-7 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹-14 Cr | Sep 2024 ₹-6 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹14 Cr | Jun 2025 ₹17 Cr | Sep 2025 ₹-4 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - LNN: Sep 2021 ₹6 Cr | Dec 2021 ₹8 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹25 Cr | Sep 2022 ₹18 Cr | Dec 2022 ₹18 Cr | Mar 2023 ₹18 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹18 Cr | Jun 2024 ₹20 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹27 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹12 Cr | Jun 2026 ₹16 Cr - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹9 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹-2 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - HY: Sep 2021 ₹-77 Cr | Dec 2021 ₹-115 Cr | Mar 2022 ₹-24 Cr | Jun 2022 ₹-19 Cr | Sep 2022 ₹-37 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹27 Cr | Jun 2023 ₹39 Cr | Sep 2023 ₹36 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹52 Cr | Jun 2024 ₹64 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹24 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹-13 Cr | Sep 2025 ₹-2 Cr | Dec 2025 ₹-42 Cr | Mar 2026 ₹-30 Cr | Jun 2026 — - CMCO: Sep 2021 ₹15 Cr | Dec 2021 ₹10 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹14 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹-15 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹-2 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹-238 Cr | Jun 2026 — - MTW: Sep 2021 ₹0 Cr | Dec 2021 ₹-4 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹15 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹-144 Cr | Mar 2023 ₹17 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹-8 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹-7 Cr | Dec 2024 ₹57 Cr | Mar 2025 ₹-6 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹-6 Cr | Jun 2026 — - WNC: Sep 2021 ₹11 Cr | Dec 2021 ₹-25 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹36 Cr | Dec 2022 ₹42 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹74 Cr | Sep 2023 ₹55 Cr | Dec 2023 ₹51 Cr | Mar 2024 ₹18 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹-330 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹231 Cr | Jun 2025 ₹-10 Cr | Sep 2025 ₹40 Cr | Dec 2025 ₹-50 Cr | Mar 2026 ₹-45 Cr | Jun 2026 — - TWI: Sep 2021 ₹11 Cr | Dec 2021 ₹28 Cr | Mar 2022 ₹25 Cr | Jun 2022 ₹69 Cr | Sep 2022 ₹43 Cr | Dec 2022 ₹43 Cr | Mar 2023 ₹33 Cr | Jun 2023 ₹32 Cr | Sep 2023 ₹20 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹-18 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹-4 Cr | Sep 2025 ₹-2 Cr | Dec 2025 ₹-55 Cr | Mar 2026 ₹-24 Cr | Jun 2026 — - GENC: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹-1 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹4 Cr | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 ₹-1 Cr | Jun 2022 ₹-2 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹-1 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹-1 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹1 Cr | Jun 2025 — | Sep 2025 ₹-6 Cr | Dec 2025 ₹284 Cr | Mar 2026 ₹-107 Cr | Jun 2026 ₹-56 Cr ### 20-quarter Profit growth history - CAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 44% | Dec 2022 -32% | Mar 2023 26% | Jun 2023 74% | Sep 2023 37% | Dec 2023 83% | Mar 2024 48% | Jun 2024 -8.1% | Sep 2024 -12% | Dec 2024 4.4% | Mar 2025 -30% | Jun 2025 -18% | Sep 2025 -6.7% | Dec 2025 -17% | Mar 2026 27% | Jun 2026 — - DE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 13% | Dec 2022 75% | Mar 2023 116% | Jun 2023 36% | Sep 2023 58% | Dec 2023 5.5% | Mar 2024 -11% | Jun 2024 -17% | Sep 2024 -42% | Dec 2024 -48% | Mar 2025 -50% | Jun 2025 -24% | Sep 2025 -27% | Dec 2025 -15% | Mar 2026 -24% | Jun 2026 -1.7% - PCAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 45% | Sep 2022 102% | Dec 2022 77% | Mar 2023 22% | Jun 2023 70% | Sep 2023 60% | Dec 2023 54% | Mar 2024 63% | Jun 2024 -8.0% | Sep 2024 -21% | Dec 2024 -38% | Mar 2025 -58% | Jun 2025 -36% | Sep 2025 -39% | Dec 2025 -36% | Mar 2026 20% | Jun 2026 — - CNH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -2.5% | Sep 2022 70% | Dec 2022 93% | Mar 2023 45% | Jun 2023 29% | Sep 2023 -3.4% | Dec 2023 -1.5% | Mar 2024 -24% | Jun 2024 -43% | Sep 2024 -43% | Dec 2024 -70% | Mar 2025 -64% | Jun 2025 -46% | Sep 2025 -78% | Dec 2025 -49% | Mar 2026 -92% | Jun 2026 — - OSK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -84% | Sep 2022 -25% | Dec 2022 230% | Mar 2023 9,400% | Jun 2023 415% | Sep 2023 178% | Dec 2023 99% | Mar 2024 92% | Jun 2024 0.6% | Sep 2024 -2.2% | Dec 2024 2.0% | Mar 2025 -37% | Jun 2025 17% | Sep 2025 8.2% | Dec 2025 -13% | Mar 2026 -61% | Jun 2026 — - FSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 13% | Sep 2022 10% | Dec 2022 75% | Mar 2023 29% | Jun 2023 18% | Sep 2023 34% | Dec 2023 31% | Mar 2024 85% | Jun 2024 53% | Sep 2024 26% | Dec 2024 8.7% | Mar 2025 -8.0% | Jun 2025 16% | Sep 2025 26% | Dec 2025 22% | Mar 2026 52% | Jun 2026 — - TEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.1% | Sep 2022 71% | Dec 2022 86% | Mar 2023 108% | Jun 2023 111% | Sep 2023 37% | Dec 2023 -5.6% | Mar 2024 8.9% | Jun 2024 -11% | Sep 2024 -24% | Dec 2024 -88% | Mar 2025 -86% | Jun 2025 -49% | Sep 2025 -13% | Dec 2025 708% | Mar 2026 -543% | Jun 2026 — - AGCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -37% | Sep 2022 31% | Dec 2022 14% | Mar 2023 70% | Jun 2023 79% | Sep 2023 18% | Dec 2023 -18% | Mar 2024 -28% | Jun 2024 -216% | Sep 2024 -90% | Dec 2024 -219% | Mar 2025 -95% | Jun 2025 — | Sep 2025 945% | Dec 2025 — | Mar 2026 478% | Jun 2026 — - BLBD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -250% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 314% | Sep 2024 178% | Dec 2024 12% | Mar 2025 0.0% | Jun 2025 24% | Sep 2025 44% | Dec 2025 6.9% | Mar 2026 12% | Jun 2026 — - ALG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.7% | Sep 2022 44% | Dec 2022 53% | Mar 2023 83% | Jun 2023 29% | Sep 2023 35% | Dec 2023 10% | Mar 2024 -3.0% | Jun 2024 -22% | Sep 2024 -23% | Dec 2024 -13% | Mar 2025 0.0% | Jun 2025 11% | Sep 2025 -7.4% | Dec 2025 -43% | Mar 2026 -9.4% | Jun 2026 — - ASTE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -150% | Sep 2022 -89% | Dec 2022 — | Mar 2023 200% | Jun 2023 — | Sep 2023 -800% | Dec 2023 — | Mar 2024 -75% | Jun 2024 -208% | Sep 2024 — | Dec 2024 40% | Mar 2025 367% | Jun 2025 — | Sep 2025 — | Dec 2025 -43% | Mar 2026 -93% | Jun 2026 — - LNN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 200% | Dec 2022 125% | Mar 2023 20% | Jun 2023 -32% | Sep 2023 5.6% | Dec 2023 -17% | Mar 2024 0.0% | Jun 2024 18% | Sep 2024 -32% | Dec 2024 13% | Mar 2025 50% | Jun 2025 0.0% | Sep 2025 -15% | Dec 2025 0.0% | Mar 2026 -56% | Jun 2026 -20% - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -78% | Jun 2025 -125% | Sep 2025 -75% | Dec 2025 0.0% | Mar 2026 -50% | Jun 2026 — - HY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -1,050% | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 225% | Mar 2024 93% | Jun 2024 64% | Sep 2024 -50% | Dec 2024 -7.7% | Mar 2025 -83% | Jun 2025 -120% | Sep 2025 -111% | Dec 2025 -275% | Mar 2026 -433% | Jun 2026 — - CMCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -6.7% | Dec 2022 20% | Mar 2023 17% | Jun 2023 13% | Sep 2023 14% | Dec 2023 -17% | Mar 2024 -14% | Jun 2024 0.0% | Sep 2024 -194% | Dec 2024 -60% | Mar 2025 -125% | Jun 2025 -122% | Sep 2025 — | Dec 2025 50% | Mar 2026 — | Jun 2026 — - MTW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -17% | Sep 2022 — | Dec 2022 — | Mar 2023 467% | Jun 2023 33% | Sep 2023 400% | Dec 2023 — | Mar 2024 -71% | Jun 2024 -90% | Sep 2024 -170% | Dec 2024 — | Mar 2025 -220% | Jun 2025 0.0% | Sep 2025 — | Dec 2025 -88% | Mar 2026 — | Jun 2026 — - WNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 92% | Sep 2022 227% | Dec 2022 — | Mar 2023 325% | Jun 2023 222% | Sep 2023 53% | Dec 2023 21% | Mar 2024 -65% | Jun 2024 -61% | Sep 2024 -700% | Dec 2024 -102% | Mar 2025 1,183% | Jun 2025 -134% | Sep 2025 — | Dec 2025 — | Mar 2026 -119% | Jun 2026 — - TWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 291% | Dec 2022 54% | Mar 2023 32% | Jun 2023 -54% | Sep 2023 -53% | Dec 2023 -102% | Mar 2024 -70% | Jun 2024 -91% | Sep 2024 -190% | Dec 2024 — | Mar 2025 -100% | Jun 2025 -233% | Sep 2025 — | Dec 2025 -5,600% | Mar 2026 — | Jun 2026 — - GENC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -150% | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 33% | Mar 2024 20% | Jun 2024 0.0% | Sep 2024 -67% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 33% | Sep 2025 100% | Dec 2025 -25% | Mar 2026 -33% | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -700% | Dec 2025 — | Mar 2026 -10,800% | Jun 2026 — ## Return On Capital Employed What the numbers say: SunScout Holding Limited leads ROCE at 30.5%, 20.1 percentage points above Blue Bird Corporation. SunScout Holding Limited has the strongest latest improvement at +14.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: SunScout Holding Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: SunScout Holding Limited · 30.5% | 193.3% versus #2 · Blue Bird Corporation | Not enough history | 21/21 companies · 373 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. SunScout Holding Limited (SNSC): 31% 2. Blue Bird Corporation (BLBD): 10% 3. Federal Signal Corporation (FSS): 6.3% 4. Caterpillar Inc. (CAT): 5.5% 5. Deere & Company (DE): 4.3% ### ROCE change — fastest improvers 1. SunScout Holding Limited (SNSC): +14.6 pp 2. Caterpillar Inc. (CAT): +0.5 pp 3. Titan International, Inc. (TWI): +0.3 pp 4. Federal Signal Corporation (FSS): +0.1 pp 5. PACCAR Inc (PCAR): 0.0 pp ### 20-quarter ROCE history - CAT: Sep 2021 3.1% | Dec 2021 3.1% | Mar 2022 3.5% | Jun 2022 3.7% | Sep 2022 4.6% | Dec 2022 3.3% | Mar 2023 5.2% | Jun 2023 7.1% | Sep 2023 6.6% | Dec 2023 6.1% | Mar 2024 6.8% | Jun 2024 7.0% | Sep 2024 5.8% | Dec 2024 5.4% | Mar 2025 5.0% | Jun 2025 5.4% | Sep 2025 5.5% | Dec 2025 4.5% | Mar 2026 5.5% | Jun 2026 — - DE: Sep 2021 — | Dec 2021 3.4% | Mar 2022 2.6% | Jun 2022 5.0% | Sep 2022 5.2% | Dec 2022 5.7% | Mar 2023 5.2% | Jun 2023 7.6% | Sep 2023 7.1% | Dec 2023 6.4% | Mar 2024 4.9% | Jun 2024 6.2% | Sep 2024 4.8% | Dec 2024 3.6% | Mar 2025 2.6% | Jun 2025 4.6% | Sep 2025 3.4% | Dec 2025 3.1% | Mar 2026 2.2% | Jun 2026 4.3% - PCAR: Sep 2021 2.3% | Dec 2021 3.0% | Mar 2022 3.5% | Jun 2022 4.2% | Sep 2022 4.3% | Dec 2022 5.0% | Mar 2023 6.3% | Jun 2023 6.2% | Sep 2023 6.1% | Dec 2023 6.0% | Mar 2024 5.3% | Jun 2024 4.8% | Sep 2024 3.9% | Dec 2024 3.5% | Mar 2025 3.0% | Jun 2025 2.7% | Sep 2025 2.0% | Dec 2025 1.9% | Mar 2026 2.1% | Jun 2026 2.7% - CNH: Sep 2021 1.7% | Dec 2021 1.1% | Mar 2022 1.8% | Jun 2022 2.7% | Sep 2022 2.6% | Dec 2022 2.5% | Mar 2023 2.7% | Jun 2023 3.4% | Sep 2023 2.8% | Dec 2023 2.6% | Mar 2024 2.0% | Jun 2024 2.2% | Sep 2024 1.8% | Dec 2024 1.6% | Mar 2025 1.3% | Jun 2025 1.6% | Sep 2025 1.0% | Dec 2025 1.3% | Mar 2026 1.0% | Jun 2026 — - OSK: Sep 2021 2.3% | Dec 2021 0.9% | Mar 2022 0.7% | Jun 2022 1.7% | Sep 2022 2.4% | Dec 2022 2.9% | Mar 2023 2.6% | Jun 2023 4.6% | Sep 2023 4.9% | Dec 2023 3.8% | Mar 2024 4.5% | Jun 2024 4.4% | Sep 2024 4.4% | Dec 2024 3.6% | Mar 2025 2.7% | Jun 2025 4.3% | Sep 2025 3.8% | Dec 2025 3.1% | Mar 2026 1.2% | Jun 2026 3.4% - FSS: Sep 2021 3.1% | Dec 2021 2.7% | Mar 2022 2.4% | Jun 2022 3.9% | Sep 2022 3.2% | Dec 2022 3.7% | Mar 2023 3.0% | Jun 2023 4.4% | Sep 2023 4.6% | Dec 2023 4.6% | Mar 2024 3.8% | Jun 2024 5.5% | Sep 2024 5.1% | Dec 2024 4.8% | Mar 2025 4.3% | Jun 2025 6.2% | Sep 2025 5.9% | Dec 2025 4.6% | Mar 2026 5.3% | Jun 2026 6.3% - TEX: Sep 2021 3.4% | Dec 2021 3.3% | Mar 2022 3.6% | Jun 2022 5.0% | Sep 2022 5.8% | Dec 2022 5.9% | Mar 2023 6.9% | Jun 2023 9.6% | Sep 2023 7.4% | Dec 2023 5.0% | Mar 2024 6.5% | Jun 2024 7.7% | Sep 2024 4.7% | Dec 2024 1.5% | Mar 2025 1.9% | Jun 2025 3.4% | Sep 2025 3.6% | Dec 2025 2.9% | Mar 2026 -1.2% | Jun 2026 2.8% - AGCO: Sep 2021 4.8% | Dec 2021 4.9% | Mar 2022 3.6% | Jun 2022 4.6% | Sep 2022 5.7% | Dec 2022 7.9% | Mar 2023 5.8% | Jun 2023 7.4% | Sep 2023 6.3% | Dec 2023 6.0% | Mar 2024 3.4% | Jun 2024 -3.0% | Sep 2024 1.4% | Dec 2024 -3.7% | Mar 2025 0.6% | Jun 2025 1.8% | Sep 2025 1.7% | Dec 2025 3.0% | Mar 2026 1.0% | Jun 2026 1.7% - BLBD: Sep 2021 — | Dec 2021 -1.1% | Mar 2022 -0.9% | Jun 2022 -8.0% | Sep 2022 0.5% | Dec 2022 -11% | Mar 2023 — | Jun 2023 6.3% | Sep 2023 8.7% | Dec 2023 19% | Mar 2024 18% | Jun 2024 18% | Sep 2024 11% | Dec 2024 12% | Mar 2025 12% | Jun 2025 16% | Sep 2025 15% | Dec 2025 11% | Mar 2026 10% | Jun 2026 — - ALG: Sep 2021 2.9% | Dec 2021 2.8% | Mar 2022 2.7% | Jun 2022 3.8% | Sep 2022 3.3% | Dec 2022 4.0% | Mar 2023 4.1% | Jun 2023 4.6% | Sep 2023 4.2% | Dec 2023 3.9% | Mar 2024 3.7% | Jun 2024 3.4% | Sep 2024 3.2% | Dec 2024 2.8% | Mar 2025 3.4% | Jun 2025 3.6% | Sep 2025 2.8% | Dec 2025 1.7% | Mar 2026 3.0% | Jun 2026 — - ASTE: Sep 2021 0.9% | Dec 2021 -0.9% | Mar 2022 0.6% | Jun 2022 -0.2% | Sep 2022 0.3% | Dec 2022 0.5% | Mar 2023 2.5% | Jun 2023 2.4% | Sep 2023 -0.7% | Dec 2023 2.5% | Mar 2024 0.8% | Jun 2024 -1.4% | Sep 2024 -0.9% | Dec 2024 4.5% | Mar 2025 2.6% | Jun 2025 2.7% | Sep 2025 0.1% | Dec 2025 2.5% | Mar 2026 1.0% | Jun 2026 — - LNN: Sep 2021 — | Dec 2021 2.7% | Mar 2022 3.7% | Jun 2022 6.8% | Sep 2022 5.3% | Dec 2022 4.6% | Mar 2023 5.0% | Jun 2023 4.8% | Sep 2023 4.0% | Dec 2023 3.6% | Mar 2024 3.6% | Jun 2024 3.3% | Sep 2024 2.2% | Dec 2024 3.3% | Mar 2025 4.9% | Jun 2025 3.6% | Sep 2025 1.7% | Dec 2025 3.0% | Mar 2026 1.9% | Jun 2026 2.7% - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 2.0% | Dec 2024 1.5% | Mar 2025 3.4% | Jun 2025 3.0% | Sep 2025 1.4% | Dec 2025 2.3% | Mar 2026 1.3% | Jun 2026 — - HY: Sep 2021 -5.3% | Dec 2021 -11% | Mar 2022 -2.0% | Jun 2022 -1.7% | Sep 2022 -3.1% | Dec 2022 2.6% | Mar 2023 5.5% | Jun 2023 8.0% | Sep 2023 8.5% | Dec 2023 6.3% | Mar 2024 10% | Jun 2024 11% | Sep 2024 3.7% | Dec 2024 3.5% | Mar 2025 2.2% | Jun 2025 -0.9% | Sep 2025 0.2% | Dec 2025 -3.7% | Mar 2026 -2.8% | Jun 2026 — - CMCO: Sep 2021 2.0% | Dec 2021 1.3% | Mar 2022 2.0% | Jun 2022 1.7% | Sep 2022 2.0% | Dec 2022 1.4% | Mar 2023 1.9% | Jun 2023 1.4% | Sep 2023 2.2% | Dec 2023 1.8% | Mar 2024 1.7% | Jun 2024 1.3% | Sep 2024 0.7% | Dec 2024 1.1% | Mar 2025 0.3% | Jun 2025 0.4% | Sep 2025 0.8% | Dec 2025 1.1% | Mar 2026 -5.4% | Jun 2026 -0.6% - MTW: Sep 2021 0.6% | Dec 2021 0.1% | Mar 2022 1.5% | Jun 2022 1.5% | Sep 2022 0.6% | Dec 2022 3.0% | Mar 2023 2.6% | Jun 2023 3.0% | Sep 2023 1.6% | Dec 2023 0.9% | Mar 2024 1.4% | Jun 2024 1.1% | Sep 2024 0.6% | Dec 2024 1.4% | Mar 2025 0.4% | Jun 2025 0.8% | Sep 2025 1.4% | Dec 2025 1.6% | Mar 2026 0.2% | Jun 2026 — - WNC: Sep 2021 2.0% | Dec 2021 -2.1% | Mar 2022 2.2% | Jun 2022 4.1% | Sep 2022 6.0% | Dec 2022 6.9% | Mar 2023 7.9% | Jun 2023 11% | Sep 2023 8.3% | Dec 2023 6.5% | Mar 2024 3.1% | Jun 2024 4.4% | Sep 2024 -41% | Dec 2024 0.3% | Mar 2025 31% | Jun 2025 -0.5% | Sep 2025 5.7% | Dec 2025 -6.1% | Mar 2026 -5.6% | Jun 2026 -2.7% - TWI: Sep 2021 3.3% | Dec 2021 3.4% | Mar 2022 6.1% | Jun 2022 9.3% | Sep 2022 6.8% | Dec 2022 5.2% | Mar 2023 6.7% | Jun 2023 5.4% | Sep 2023 3.3% | Dec 2023 2.3% | Mar 2024 2.3% | Jun 2024 2.0% | Sep 2024 0.3% | Dec 2024 -1.6% | Mar 2025 0.9% | Jun 2025 0.8% | Sep 2025 0.8% | Dec 2025 -0.9% | Mar 2026 -1.1% | Jun 2026 1.1% - GENC: Sep 2021 -0.4% | Dec 2021 -0.6% | Mar 2022 1.1% | Jun 2022 1.3% | Sep 2022 0.7% | Dec 2022 1.3% | Mar 2023 3.0% | Jun 2023 2.0% | Sep 2023 1.5% | Dec 2023 1.9% | Mar 2024 3.8% | Jun 2024 1.1% | Sep 2024 0.7% | Dec 2024 2.4% | Mar 2025 3.2% | Jun 2025 1.5% | Sep 2025 -0.1% | Dec 2025 1.5% | Mar 2026 2.0% | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -13% | Dec 2022 -16% | Mar 2023 -2.6% | Jun 2023 -4.4% | Sep 2023 -5.4% | Dec 2023 -7.2% | Mar 2024 -6.9% | Jun 2024 -3.7% | Sep 2024 13% | Dec 2024 6.0% | Mar 2025 11% | Jun 2025 0.0% | Sep 2025 -53% | Dec 2025 29% | Mar 2026 -75% | Jun 2026 -44% ### 20-quarter ROCE change history - CAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.5 pp | Dec 2022 +0.2 pp | Mar 2023 +1.7 pp | Jun 2023 +3.4 pp | Sep 2023 +2.0 pp | Dec 2023 +2.8 pp | Mar 2024 +1.6 pp | Jun 2024 −0.1 pp | Sep 2024 −0.8 pp | Dec 2024 −0.7 pp | Mar 2025 −1.8 pp | Jun 2025 −1.6 pp | Sep 2025 −0.3 pp | Dec 2025 −0.9 pp | Mar 2026 +0.5 pp | Jun 2026 — - DE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +2.3 pp | Mar 2023 +2.6 pp | Jun 2023 +2.6 pp | Sep 2023 +1.9 pp | Dec 2023 +0.7 pp | Mar 2024 −0.3 pp | Jun 2024 −1.4 pp | Sep 2024 −2.3 pp | Dec 2024 −2.8 pp | Mar 2025 −2.3 pp | Jun 2025 −1.6 pp | Sep 2025 −1.4 pp | Dec 2025 −0.5 pp | Mar 2026 −0.4 pp | Jun 2026 −0.3 pp - PCAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.0 pp | Dec 2022 +2.0 pp | Mar 2023 +2.8 pp | Jun 2023 +2.0 pp | Sep 2023 +1.8 pp | Dec 2023 +1.0 pp | Mar 2024 −1.0 pp | Jun 2024 −1.4 pp | Sep 2024 −2.2 pp | Dec 2024 −2.5 pp | Mar 2025 −2.3 pp | Jun 2025 −2.1 pp | Sep 2025 −1.9 pp | Dec 2025 −1.6 pp | Mar 2026 −0.9 pp | Jun 2026 0.0 pp - CNH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.9 pp | Dec 2022 +1.4 pp | Mar 2023 +0.9 pp | Jun 2023 +0.7 pp | Sep 2023 +0.2 pp | Dec 2023 +0.1 pp | Mar 2024 −0.7 pp | Jun 2024 −1.2 pp | Sep 2024 −1.0 pp | Dec 2024 −1.0 pp | Mar 2025 −0.7 pp | Jun 2025 −0.6 pp | Sep 2025 −0.8 pp | Dec 2025 −0.3 pp | Mar 2026 −0.3 pp | Jun 2026 — - OSK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 +2.0 pp | Mar 2023 +1.9 pp | Jun 2023 +2.9 pp | Sep 2023 +2.5 pp | Dec 2023 +0.9 pp | Mar 2024 +1.9 pp | Jun 2024 −0.2 pp | Sep 2024 −0.5 pp | Dec 2024 −0.2 pp | Mar 2025 −1.8 pp | Jun 2025 −0.1 pp | Sep 2025 −0.6 pp | Dec 2025 −0.5 pp | Mar 2026 −1.5 pp | Jun 2026 −0.9 pp - FSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 +1.0 pp | Mar 2023 +0.6 pp | Jun 2023 +0.5 pp | Sep 2023 +1.4 pp | Dec 2023 +0.9 pp | Mar 2024 +0.8 pp | Jun 2024 +1.1 pp | Sep 2024 +0.5 pp | Dec 2024 +0.2 pp | Mar 2025 +0.5 pp | Jun 2025 +0.7 pp | Sep 2025 +0.8 pp | Dec 2025 −0.2 pp | Mar 2026 +1.0 pp | Jun 2026 +0.1 pp - TEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.4 pp | Dec 2022 +2.6 pp | Mar 2023 +3.3 pp | Jun 2023 +4.6 pp | Sep 2023 +1.6 pp | Dec 2023 −0.9 pp | Mar 2024 −0.4 pp | Jun 2024 −1.9 pp | Sep 2024 −2.7 pp | Dec 2024 −3.5 pp | Mar 2025 −4.6 pp | Jun 2025 −4.3 pp | Sep 2025 −1.1 pp | Dec 2025 +1.4 pp | Mar 2026 −3.1 pp | Jun 2026 −0.6 pp - AGCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.9 pp | Dec 2022 +3.0 pp | Mar 2023 +2.2 pp | Jun 2023 +2.8 pp | Sep 2023 +0.6 pp | Dec 2023 −1.9 pp | Mar 2024 −2.4 pp | Jun 2024 −10.4 pp | Sep 2024 −4.9 pp | Dec 2024 −9.7 pp | Mar 2025 −2.8 pp | Jun 2025 +4.8 pp | Sep 2025 +0.3 pp | Dec 2025 +6.7 pp | Mar 2026 +0.4 pp | Jun 2026 −0.1 pp - BLBD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −9.6 pp | Mar 2023 — | Jun 2023 +14.3 pp | Sep 2023 +8.2 pp | Dec 2023 +29.2 pp | Mar 2024 — | Jun 2024 +11.6 pp | Sep 2024 +2.0 pp | Dec 2024 −6.5 pp | Mar 2025 −5.7 pp | Jun 2025 −1.7 pp | Sep 2025 +4.2 pp | Dec 2025 −1.4 pp | Mar 2026 −1.8 pp | Jun 2026 — - ALG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 +1.2 pp | Mar 2023 +1.4 pp | Jun 2023 +0.8 pp | Sep 2023 +0.9 pp | Dec 2023 −0.1 pp | Mar 2024 −0.4 pp | Jun 2024 −1.2 pp | Sep 2024 −1.0 pp | Dec 2024 −1.1 pp | Mar 2025 −0.3 pp | Jun 2025 +0.2 pp | Sep 2025 −0.4 pp | Dec 2025 −1.1 pp | Mar 2026 −0.4 pp | Jun 2026 — - ASTE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 +1.4 pp | Mar 2023 +1.9 pp | Jun 2023 +2.6 pp | Sep 2023 −1.0 pp | Dec 2023 +2.0 pp | Mar 2024 −1.7 pp | Jun 2024 −3.8 pp | Sep 2024 −0.2 pp | Dec 2024 +2.0 pp | Mar 2025 +1.8 pp | Jun 2025 +4.1 pp | Sep 2025 +1.0 pp | Dec 2025 −2.0 pp | Mar 2026 −1.6 pp | Jun 2026 — - LNN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +1.9 pp | Mar 2023 +1.3 pp | Jun 2023 −2.0 pp | Sep 2023 −1.3 pp | Dec 2023 −1.0 pp | Mar 2024 −1.4 pp | Jun 2024 −1.5 pp | Sep 2024 −1.8 pp | Dec 2024 −0.3 pp | Mar 2025 +1.3 pp | Jun 2025 +0.3 pp | Sep 2025 −0.5 pp | Dec 2025 −0.3 pp | Mar 2026 −3.0 pp | Jun 2026 −0.9 pp - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +2.0 pp | Dec 2024 +1.5 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −0.6 pp | Dec 2025 +0.8 pp | Mar 2026 −2.1 pp | Jun 2026 — - HY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.2 pp | Dec 2022 +13.5 pp | Mar 2023 +7.5 pp | Jun 2023 +9.7 pp | Sep 2023 +11.6 pp | Dec 2023 +3.7 pp | Mar 2024 +4.9 pp | Jun 2024 +3.4 pp | Sep 2024 −4.8 pp | Dec 2024 −2.8 pp | Mar 2025 −8.2 pp | Jun 2025 −12.3 pp | Sep 2025 −3.5 pp | Dec 2025 −7.2 pp | Mar 2026 −5.0 pp | Jun 2026 — - CMCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +0.1 pp | Mar 2023 −0.1 pp | Jun 2023 −0.3 pp | Sep 2023 +0.2 pp | Dec 2023 +0.4 pp | Mar 2024 −0.2 pp | Jun 2024 −0.1 pp | Sep 2024 −1.5 pp | Dec 2024 −0.7 pp | Mar 2025 −1.4 pp | Jun 2025 −0.9 pp | Sep 2025 +0.1 pp | Dec 2025 0.0 pp | Mar 2026 −5.7 pp | Jun 2026 −1.0 pp - MTW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +2.9 pp | Mar 2023 +1.1 pp | Jun 2023 +1.5 pp | Sep 2023 +1.0 pp | Dec 2023 −2.1 pp | Mar 2024 −1.2 pp | Jun 2024 −1.9 pp | Sep 2024 −1.0 pp | Dec 2024 +0.5 pp | Mar 2025 −1.0 pp | Jun 2025 −0.3 pp | Sep 2025 +0.8 pp | Dec 2025 +0.2 pp | Mar 2026 −0.2 pp | Jun 2026 — - WNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.0 pp | Dec 2022 +9.0 pp | Mar 2023 +5.7 pp | Jun 2023 +7.3 pp | Sep 2023 +2.3 pp | Dec 2023 −0.4 pp | Mar 2024 −4.8 pp | Jun 2024 −7.0 pp | Sep 2024 −49.3 pp | Dec 2024 −6.2 pp | Mar 2025 +28.2 pp | Jun 2025 −4.9 pp | Sep 2025 +46.7 pp | Dec 2025 −6.4 pp | Mar 2026 −36.9 pp | Jun 2026 −2.2 pp - TWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.5 pp | Dec 2022 +1.8 pp | Mar 2023 +0.6 pp | Jun 2023 −3.9 pp | Sep 2023 −3.5 pp | Dec 2023 −2.9 pp | Mar 2024 −4.4 pp | Jun 2024 −3.4 pp | Sep 2024 −3.0 pp | Dec 2024 −3.9 pp | Mar 2025 −1.4 pp | Jun 2025 −1.2 pp | Sep 2025 +0.5 pp | Dec 2025 +0.7 pp | Mar 2026 −2.0 pp | Jun 2026 +0.3 pp - GENC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.1 pp | Dec 2022 +1.9 pp | Mar 2023 +1.9 pp | Jun 2023 +0.7 pp | Sep 2023 +0.8 pp | Dec 2023 +0.6 pp | Mar 2024 +0.8 pp | Jun 2024 −0.9 pp | Sep 2024 −0.8 pp | Dec 2024 +0.5 pp | Mar 2025 −0.6 pp | Jun 2025 +0.4 pp | Sep 2025 −0.8 pp | Dec 2025 −0.9 pp | Mar 2026 −1.2 pp | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +7.6 pp | Dec 2023 +8.7 pp | Mar 2024 −4.3 pp | Jun 2024 +0.7 pp | Sep 2024 +18.2 pp | Dec 2024 +13.2 pp | Mar 2025 +17.7 pp | Jun 2025 +3.7 pp | Sep 2025 −65.8 pp | Dec 2025 +23.2 pp | Mar 2026 −86.1 pp | Jun 2026 −43.5 pp ## Valuation Against Growth & Quality What the numbers say: The Manitowoc Company, Inc. has the lowest comparable PEG at 0.14×, 69.6% below CNH Industrial N.V.. Only 9 of 21 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: The Manitowoc Company, Inc. · 0.14× | 69.6% versus #2 · CNH Industrial N.V. | 0/8 recent comparable periods | 9/21 companies · 69 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG 1. The Manitowoc Company, Inc. (MTW): 0.1 2. CNH Industrial N.V. (CNH): 0.5 3. Blue Bird Corporation (BLBD): 0.5 4. Astec Industries, Inc. (ASTE): 1.0 5. Deere & Company (DE): 1.0 ### P/E — lowest P/E 1. CEA Industries Inc. (BNC): 1.2 2. Wabash National Corporation (WNC): 1.7 3. Blue Bird Corporation (BLBD): 13.5 4. AGCO Corporation (AGCO): 16.6 5. Titan International, Inc. (TWI): 16.8 ### 20-quarter PEG history - CAT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.3 | Jun 2023 0.5 | Sep 2023 0.6 | Dec 2023 0.3 | Mar 2024 — | Jun 2024 0.4 | Sep 2024 0.8 | Dec 2024 1.7 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - DE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.2 | Sep 2023 — | Dec 2023 0.2 | Mar 2024 0.4 | Jun 2024 1.0 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - PCAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.2 | Jun 2023 — | Sep 2023 0.2 | Dec 2023 0.2 | Mar 2024 — | Jun 2024 0.3 | Sep 2024 1.5 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - CNH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.5 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - OSK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.3 | Dec 2024 0.7 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - FSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 0.6 | Dec 2023 1.0 | Mar 2024 0.7 | Jun 2024 0.5 | Sep 2024 0.6 | Dec 2024 0.7 | Mar 2025 1.4 | Jun 2025 3.3 | Sep 2025 2.8 | Dec 2025 1.9 | Mar 2026 0.9 | Jun 2026 — - TEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 0.2 | Jun 2024 0.7 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - AGCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.2 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.2 | Mar 2024 0.6 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - BLBD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.2 | Jun 2025 0.4 | Sep 2025 0.7 | Dec 2025 0.6 | Mar 2026 0.5 | Jun 2026 — - ALG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.4 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.6 | Mar 2024 1.4 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - LNN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.6 | Sep 2023 1.9 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1.6 | Jun 2025 3.6 | Sep 2025 1.6 | Dec 2025 2.0 | Mar 2026 — | Jun 2026 — - HY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.2 | Dec 2024 0.6 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - CMCO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.9 | Sep 2023 1.0 | Dec 2023 4.1 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - MTW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 0.1 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - WNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 0.2 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - TWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.4 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - GENC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.5 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1.7 | Dec 2025 1.3 | Mar 2026 — | Jun 2026 — ### 20-quarter P/E history - CAT: Sep 2021 20.5 | Dec 2021 17.5 | Mar 2022 18.7 | Jun 2022 14.3 | Sep 2022 11.9 | Dec 2022 19.0 | Mar 2023 16.9 | Jun 2023 15.3 | Sep 2023 15.5 | Dec 2023 14.7 | Mar 2024 16.5 | Jun 2024 15.2 | Sep 2024 18.1 | Dec 2024 16.5 | Mar 2025 16.1 | Jun 2025 19.8 | Sep 2025 24.5 | Dec 2025 30.5 | Mar 2026 35.3 | Jun 2026 — - DE: Sep 2021 — | Dec 2021 18.0 | Mar 2022 20.7 | Jun 2022 19.7 | Sep 2022 17.2 | Dec 2022 17.1 | Mar 2023 15.5 | Jun 2023 12.7 | Sep 2023 12.6 | Dec 2023 10.4 | Mar 2024 11.5 | Jun 2024 11.8 | Sep 2024 13.2 | Dec 2024 15.9 | Mar 2025 21.2 | Jun 2025 22.2 | Sep 2025 27.1 | Dec 2025 25.0 | Mar 2026 29.8 | Jun 2026 32.7 - PCAR: Sep 2021 15.7 | Dec 2021 16.5 | Mar 2022 15.4 | Jun 2022 13.0 | Sep 2022 11.2 | Dec 2022 11.5 | Mar 2023 12.2 | Jun 2023 12.0 | Sep 2023 10.9 | Dec 2023 11.2 | Mar 2024 12.9 | Jun 2024 10.9 | Sep 2024 11.7 | Dec 2024 13.2 | Mar 2025 16.0 | Jun 2025 17.8 | Sep 2025 19.2 | Dec 2025 24.3 | Mar 2026 24.6 | Jun 2026 25.2 - CNH: Sep 2021 15.7 | Dec 2021 15.3 | Mar 2022 14.3 | Jun 2022 10.5 | Sep 2022 8.8 | Dec 2022 10.8 | Mar 2023 9.6 | Jun 2023 8.4 | Sep 2023 7.1 | Dec 2023 7.2 | Mar 2024 7.9 | Jun 2024 7.0 | Sep 2024 8.6 | Dec 2024 12.7 | Mar 2025 15.4 | Jun 2025 19.9 | Sep 2025 23.1 | Dec 2025 23.6 | Mar 2026 35.5 | Jun 2026 — - OSK: Sep 2021 13.9 | Dec 2021 16.9 | Mar 2022 21.0 | Jun 2022 38.0 | Sep 2022 38.0 | Dec 2022 33.5 | Mar 2023 20.9 | Jun 2023 14.0 | Sep 2023 12.0 | Dec 2023 11.9 | Mar 2024 11.9 | Jun 2024 10.5 | Sep 2024 9.7 | Dec 2024 9.2 | Mar 2025 10.1 | Jun 2025 11.4 | Sep 2025 12.7 | Dec 2025 12.5 | Mar 2026 16.4 | Jun 2026 17.6 - FSS: Sep 2021 22.3 | Dec 2021 26.6 | Mar 2022 21.1 | Jun 2022 21.3 | Sep 2022 21.7 | Dec 2022 23.6 | Mar 2023 25.9 | Jun 2023 29.1 | Sep 2023 25.0 | Dec 2023 30.0 | Mar 2024 28.7 | Jun 2024 25.4 | Sep 2024 27.1 | Dec 2024 26.4 | Mar 2025 21.5 | Jun 2025 29.6 | Sep 2025 31.1 | Dec 2025 27.1 | Mar 2026 24.6 | Jun 2026 27.7 - TEX: Sep 2021 16.9 | Dec 2021 14.1 | Mar 2022 10.9 | Jun 2022 8.3 | Sep 2022 7.7 | Dec 2022 9.9 | Mar 2023 9.2 | Jun 2023 9.2 | Sep 2023 8.1 | Dec 2023 7.6 | Mar 2024 8.5 | Jun 2024 7.5 | Sep 2024 7.7 | Dec 2024 9.3 | Mar 2025 10.3 | Jun 2025 17.4 | Sep 2025 21.8 | Dec 2025 16.0 | Mar 2026 28.3 | Jun 2026 36.9 - AGCO: Sep 2021 12.4 | Dec 2021 9.8 | Mar 2022 12.3 | Jun 2022 9.4 | Sep 2022 8.5 | Dec 2022 11.7 | Mar 2023 10.5 | Jun 2023 8.9 | Sep 2023 7.7 | Dec 2023 7.8 | Mar 2024 8.3 | Jun 2024 17.5 | Sep 2024 43.3 | Dec 2024 — | Mar 2025 — | Jun 2025 77.0 | Sep 2025 21.3 | Dec 2025 10.7 | Mar 2026 11.2 | Jun 2026 16.6 - BLBD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 28.9 | Dec 2023 14.2 | Mar 2024 15.5 | Jun 2024 17.8 | Sep 2024 15.3 | Dec 2024 12.2 | Mar 2025 10.2 | Jun 2025 12.3 | Sep 2025 14.9 | Dec 2025 12.8 | Mar 2026 13.5 | Jun 2026 — - ALG: Sep 2021 23.6 | Dec 2021 21.8 | Mar 2022 21.1 | Jun 2022 16.6 | Sep 2022 15.8 | Dec 2022 16.6 | Mar 2023 18.8 | Jun 2023 17.7 | Sep 2023 15.5 | Dec 2023 18.5 | Mar 2024 20.3 | Jun 2024 16.4 | Sep 2024 18.1 | Dec 2024 19.3 | Mar 2025 18.6 | Jun 2025 22.2 | Sep 2025 19.8 | Dec 2025 19.5 | Mar 2026 19.7 | Jun 2026 — - ASTE: Sep 2021 30.1 | Dec 2021 100.4 | Mar 2022 87.8 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 117.9 | Jun 2023 41.3 | Sep 2023 60.4 | Dec 2023 25.3 | Mar 2024 40.1 | Jun 2024 — | Sep 2024 — | Dec 2024 176.8 | Mar 2025 52.2 | Jun 2025 21.0 | Sep 2025 23.1 | Dec 2025 25.8 | Mar 2026 48.1 | Jun 2026 — - LNN: Sep 2021 — | Dec 2021 36.9 | Mar 2022 31.4 | Jun 2022 26.0 | Sep 2022 27.0 | Dec 2022 25.7 | Mar 2023 21.0 | Jun 2023 18.3 | Sep 2023 19.0 | Dec 2023 19.1 | Mar 2024 19.0 | Jun 2024 17.4 | Sep 2024 20.6 | Dec 2024 21.3 | Mar 2025 18.8 | Jun 2025 20.0 | Sep 2025 20.2 | Dec 2025 17.0 | Mar 2026 24.7 | Jun 2026 21.0 - AEBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 52.0 | Dec 2025 74.4 | Mar 2026 80.9 | Jun 2026 — - HY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 27.9 | Sep 2023 7.1 | Dec 2023 8.6 | Mar 2024 7.4 | Jun 2024 7.0 | Sep 2024 7.2 | Dec 2024 6.3 | Mar 2025 7.4 | Jun 2025 32.1 | Sep 2025 263.3 | Dec 2025 — | Mar 2026 — | Jun 2026 — - CMCO: Sep 2021 52.6 | Dec 2021 46.7 | Mar 2022 40.8 | Jun 2022 18.1 | Sep 2022 17.1 | Dec 2022 19.6 | Mar 2023 22.1 | Jun 2023 23.1 | Sep 2023 19.2 | Dec 2023 22.3 | Mar 2024 27.7 | Jun 2024 20.8 | Sep 2024 61.0 | Dec 2024 112.9 | Mar 2025 — | Jun 2025 — | Sep 2025 102.4 | Dec 2025 82.1 | Mar 2026 — | Jun 2026 — - MTW: Sep 2021 47.6 | Dec 2021 60.0 | Mar 2022 31.4 | Jun 2022 26.3 | Sep 2022 16.2 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 15.3 | Mar 2024 18.9 | Jun 2024 52.4 | Sep 2024 — | Dec 2024 5.9 | Mar 2025 6.9 | Jun 2025 9.6 | Sep 2025 6.3 | Dec 2025 60.0 | Mar 2026 58.3 | Jun 2026 — - WNC: Sep 2021 24.4 | Dec 2021 976.0 | Mar 2022 78.1 | Jun 2022 33.1 | Sep 2022 16.9 | Dec 2022 10.0 | Mar 2023 8.0 | Jun 2023 6.2 | Sep 2023 4.6 | Dec 2023 5.3 | Mar 2024 7.2 | Jun 2024 6.7 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1.6 | Dec 2025 1.7 | Mar 2026 — | Jun 2026 — - TWI: Sep 2021 89.5 | Dec 2021 13.9 | Mar 2022 15.5 | Jun 2022 7.4 | Sep 2022 4.8 | Dec 2022 5.5 | Mar 2023 3.6 | Jun 2023 5.0 | Sep 2023 6.9 | Dec 2023 11.9 | Mar 2024 14.0 | Jun 2024 16.8 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - GENC: Sep 2021 28.4 | Dec 2021 42.7 | Mar 2022 73.4 | Jun 2022 — | Sep 2022 — | Dec 2022 43.9 | Mar 2023 29.0 | Jun 2023 19.0 | Sep 2023 14.1 | Dec 2023 15.2 | Mar 2024 14.5 | Jun 2024 17.6 | Sep 2024 21.1 | Dec 2024 18.6 | Mar 2025 12.8 | Jun 2025 13.5 | Sep 2025 13.7 | Dec 2025 12.5 | Mar 2026 17.1 | Jun 2026 — - BNC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.0 | Sep 2024 — | Dec 2024 45.9 | Mar 2025 0.0 | Jun 2025 0.0 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 1.2 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. ## Every company - Caterpillar Inc. (CAT) — market value ₹4.0 L Cr; latest fundamentals Mar 2026 - Deere & Company (DE) — market value ₹1.7 L Cr; latest fundamentals Jun 2026 - PACCAR Inc (PCAR) — market value ₹71.6K Cr; latest fundamentals Jun 2026 - CNH Industrial N.V. (CNH) — market value ₹13.9K Cr; latest fundamentals Mar 2026 - Oshkosh Corporation (OSK) — market value ₹9.7K Cr; latest fundamentals Jun 2026 - Federal Signal Corporation (FSS) — market value ₹8.1K Cr; latest fundamentals Jun 2026 - Terex Corporation (TEX) — market value ₹7.6K Cr; latest fundamentals Jun 2026 - AGCO Corporation (AGCO) — market value ₹7.5K Cr; latest fundamentals Jun 2026 - Blue Bird Corporation (BLBD) — market value ₹2.5K Cr; latest fundamentals Mar 2026 - Alamo Group Inc. (ALG) — market value ₹2.1K Cr; latest fundamentals Mar 2026 - Astec Industries, Inc. (ASTE) — market value ₹1.2K Cr; latest fundamentals Mar 2026 - Lindsay Corporation (LNN) — market value ₹1.2K Cr; latest fundamentals Jun 2026 - Aebi Schmidt Holding AG (AEBI) — market value ₹1.0K Cr; latest fundamentals Mar 2026 - Hyster-Yale, Inc. (HY) — market value ₹629 Cr; latest fundamentals Mar 2026 - Columbus McKinnon Corporation (CMCO) — market value ₹616 Cr; latest fundamentals Jun 2026 - The Manitowoc Company, Inc. (MTW) — market value ₹519 Cr; latest fundamentals Mar 2026 - Wabash National Corporation (WNC) — market value ₹507 Cr; latest fundamentals Jun 2026 - Titan International, Inc. (TWI) — market value ₹483 Cr; latest fundamentals Jun 2026 - Gencor Industries, Inc. (GENC) — market value ₹214 Cr; latest fundamentals Mar 2026 - SunScout Holding Limited (SNSC) — market value ₹132 Cr; latest fundamentals unavailable - CEA Industries Inc. (BNC) — market value ₹103 Cr; latest fundamentals Jun 2026 ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-04. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Farm & Heavy Construction Machinery sector outperforming S&P 500? Farm & Heavy Construction Machinery has underperformed S&P 500 by 7.1% over 52 weeks and 3.9% over 13 weeks. 9 of 20 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 20 beat the sector itself. ### Which Farm & Heavy Construction Machinery company is largest by revenue? Caterpillar Inc. leads with revenue of $70,755 million, based on 12 of 21 comparable companies through Mar 2026. ### Which Farm & Heavy Construction Machinery company is growing fastest? Aebi Schmidt Holding AG has the fastest current revenue growth at 61.2%, across 11 of 21 comparable companies. ### Which Farm & Heavy Construction Machinery company has the strongest 4-Factor Sector Score? Blue Bird Corporation ranks first at 64.3/100 with 81.1% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Farm & Heavy Construction Machinery company has the lowest comparable PEG? The Manitowoc Company, Inc. has the lowest comparable PEG at 0.14, among 9 of 21 companies whose earnings and growth are steady enough for the ratio to mean anything. ### How much history does this Farm & Heavy Construction Machinery comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Which Farm & Heavy Construction Machinery company is the biggest? Caterpillar Inc. is the largest, with trailing-twelve-month revenue of $70,755 million, ahead of Deere & Company at $47,392 million. That covers 12 of 21 companies with comparable reporting through Mar 2026. ### Which Farm & Heavy Construction Machinery company has the best profit margins? Deere & Company has the highest operating margin at 22.5%, from 20 of 21 comparable companies. Blue Bird Corporation shows the biggest recent improvement, at +1.7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Farm & Heavy Construction Machinery company makes the most profit? Caterpillar Inc. earns the most, at $9,318 million of trailing-twelve-month net profit, from 12 of 21 comparable companies. Astec Industries, Inc. has the fastest profit growth at 73.3%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Farm & Heavy Construction Machinery company earns the highest return on capital? SunScout Holding Limited leads on return on capital employed at 30.5%, across 21 of 21 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Farm & Heavy Construction Machinery stock is the cheapest? On PEG — where a LOWER number is cheaper — The Manitowoc Company, Inc. screens cheapest at 0.14×. Only 9 of 21 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Is the Farm & Heavy Construction Machinery sector beating the market? Farm & Heavy Construction Machinery has underperformed S&P 500 by 7.1% over the last 52 weeks and 3.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 9 of 20 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Farm & Heavy Construction Machinery stock has the strongest price momentum? Columbus McKinnon Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Farm & Heavy Construction Machinery company scores highest for research priority? Blue Bird Corporation scores 64.3 out of 100 with 81.1% evidence confidence, from 20.3 points on growth and earnings, 14.4 on capital efficiency, 15.2 on valuation and 14.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Farm & Heavy Construction Machinery companies does this comparison cover, and over what period? It compares 21 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Farm & Heavy Construction Machinery sector? The 21 Farm & Heavy Construction Machinery companies on this page carry $699,828 million of combined market value. Caterpillar Inc. is the largest at $403,727 million, about 58% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04. ### What is the Farm & Heavy Construction Machinery sector's P/E ratio? The median price-to-earnings ratio across the 21 Farm & Heavy Construction Machinery companies on this page is 27.7×, measured on the 20 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04. ### How is the Farm & Heavy Construction Machinery sector performing? 9 of the 20 covered Farm & Heavy Construction Machinery companies are beating S&P 500 on Mansfield relative strength. The sector itself is 7.1% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04. ### How many Farm & Heavy Construction Machinery stocks are listed in the US? This comparison covers 21 listed Farm & Heavy Construction Machinery companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.