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US Machinery Stocks: Leading US Machinery Companies in 2026

US machinery companies span everything from heavy construction and agricultural equipment makers navigating a cyclical downturn to power management and turbine manufacturers riding a historic AI data centre electrification boom, with US data centre capacity projected to grow from roughly 24 GW to 110 GW between 2026 and 2030. In this article, we cover the US machinery stocks that might benefit from this environment, along with an overview of the top machinery companies available to explore on Tickertape US Stocks.

List of US Machinery Stocks in 2026

US Machinery Stocks

Explore US machinery stocks involved in industrial, agricultural, construction and manufacturing machinery and equipment. Analyse companies using live share price, market cap, returns, valuation, profitability and other key financial metrics.

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Showing 1 - 20 of 105 results

last updated at 5:00 AM IST 
NameUS Stocks (105)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE Ratio (TTM)PE Ratio (TTM)↓↓1M Return1M Return↓↓1D Return1D Return↓↓Return on EquityReturn on Equity↓↓PB RatioPB Ratio↓
1.Caterpillar IncCATFarm & Heavy Construction MachineryFarm & Heavy Construction Machinery3,67,450.293,67,450.29772.78772.7834.3734.37-1.43-1.43-3.03-3.0356.9756.9719.2519.25
2.GE Vernova LLCGEVSpecialty Industrial MachinerySpecialty Industrial Machinery2,65,481.312,65,481.31941.78941.7828.5828.587.667.66-6.21-6.2182.5882.5821.2021.20
3.Deere & CompanyDEFarm & Heavy Construction MachineryFarm & Heavy Construction Machinery1,70,567.731,70,567.73650.00650.0035.8235.82-4.62-4.620.150.1518.2418.246.606.60
4.Eaton Corporation PLCETNSpecialty Industrial MachinerySpecialty Industrial Machinery1,65,726.401,65,726.40408.85408.8543.4143.413.993.99-4.57-4.5719.6819.688.418.41
5.Parker-Hannifin CorporationPHSpecialty Industrial MachinerySpecialty Industrial Machinery1,20,675.711,20,675.71956.32956.3233.4033.402.962.960.310.3125.0825.087.907.90
6.Emerson Electric CompanyEMRSpecialty Industrial MachinerySpecialty Industrial Machinery90,620.1990,620.19161.08161.0835.5535.558.628.62-1.47-1.4712.8012.804.234.23
7.Illinois Tool Works IncITWSpecialty Industrial MachinerySpecialty Industrial Machinery75,503.3275,503.32269.47269.4724.1224.120.160.161.201.20104.62104.6226.6226.62
8.Cummins IncCMISpecialty Industrial MachinerySpecialty Industrial Machinery72,667.5772,667.57529.35529.3527.2127.21-2.17-2.17-0.62-0.6221.1121.115.615.61
9.Ametek IncAMESpecialty Industrial MachinerySpecialty Industrial Machinery57,290.0957,290.09250.48250.4836.5336.537.207.20-1.47-1.4714.5614.565.025.02
10.PACCAR IncPCARFarm & Heavy Construction MachineryFarm & Heavy Construction Machinery56,915.8456,915.84108.56108.5622.7622.76-11.64-11.640.550.5512.7612.762.902.90
11.Rockwell Automation IncROKSpecialty Industrial MachinerySpecialty Industrial Machinery48,289.5648,289.56423.42423.4240.7540.751.091.09-2.05-2.0530.6330.6313.7613.76
12.Ingersoll Rand IncIRSpecialty Industrial MachinerySpecialty Industrial Machinery30,686.8730,686.8777.9477.9432.6832.688.058.05-1.29-1.299.479.472.912.91
13.Dover CorporationDOVSpecialty Industrial MachinerySpecialty Industrial Machinery25,707.7625,707.76192.48192.4823.3423.341.761.760.450.4514.9114.913.303.30
14.Otis Worldwide CorpOTISSpecialty Industrial MachinerySpecialty Industrial Machinery25,409.6825,409.6869.1169.1117.3817.38-1.52-1.522.122.12--13.2013.20
15.Symbotic IncSYMSpecialty Industrial MachinerySpecialty Industrial Machinery24,250.9124,250.9137.9037.90500.75500.75-8.89-8.89-7.36-7.364.394.398.018.01
16.Xylem IncXYLSpecialty Industrial MachinerySpecialty Industrial Machinery23,953.4123,953.41102.74102.7424.4324.43-4.42-4.420.150.159.189.182.432.43
17.CNH Industrial N.V.CNHFarm & Heavy Construction MachineryFarm & Heavy Construction Machinery18,735.0518,735.0512.1712.1746.6046.60-11.49-11.49-1.52-1.523.913.912.852.85
18.ITT IncITTSpecialty Industrial MachinerySpecialty Industrial Machinery18,524.9718,524.97199.77199.7739.5139.510.140.14-0.89-0.8911.5711.573.893.89
19.Nordson CorporationNDSNSpecialty Industrial MachinerySpecialty Industrial Machinery18,405.3018,405.30328.73328.7333.6833.686.626.62-0.53-0.5317.7617.765.485.48
20.IDEX CorporationIEXSpecialty Industrial MachinerySpecialty Industrial Machinery17,380.9417,380.94238.62238.6234.1234.127.427.420.660.6612.9612.964.154.15
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Overviews of Top US Machinery Stocks

Caterpillar Inc

Caterpillar provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives through its Construction Industries, Energy & Transportation, and Financial Products segments. Formed in 1925 through the merger of the Holt Manufacturing Company and the C.L. Best Tractor Company, the company is headquartered in Irving, Texas, and reported a record $72 bn order backlog in its most recent quarter, with gas turbine orders now extending into 2028-2029 amid capacity constraints. Caterpillar shares have climbed roughly 88% over the past year, making it the largest company in this list by market capitalisation.

Deere & Company

Deere & Company manufactures agricultural, construction, forestry, and turf equipment through its Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services segments, selling brands and equipment, including tractors, harvesters, and excavators, worldwide. The company recently unveiled its JD AI Assistant, an AI platform offering field insights and predictive maintenance for Deere equipment, even as it navigates a cyclical downturn in farm equipment demand and labour tension after United Auto Workers members rejected a contract extension offer in August 2026. Deere shares have nonetheless rallied over 35% year to date amid signs of an approaching recovery in agricultural demand.

PACCAR Inc

PACCAR designs, manufactures and distributes light, medium and heavy-duty commercial trucks through its Truck, Parts and Financial Services segments, selling trucks through independent dealers under the Kenworth, Peterbilt and DAF nameplates. Founded in 1905 and headquartered in Bellevue, Washington, the company also manufactures industrial winches under the Braden, Carco and Gearmatic nameplates alongside its core truck business. PACCAR reported very good second-quarter 2026 revenues with net income up 24% from the preceding quarter, and its stock has delivered roughly 140% in returns to investors over the past five years.

CNH Industrial N.V.

CNH Industrial designs, produces and sells agricultural and construction equipment through its Agriculture, Construction and Financial Services segments, offering tractors, combines and harvesters under the Case IH, New Holland, STEYR and Raven brands, as well as excavators and loaders under CASE Construction Equipment and Eurocomach. Founded in 1842 and headquartered in Basildon, United Kingdom, the company posted second-quarter 2026 results in line with expectations, but margins were pressured by tariffs and weak farm profitability, even as replacement demand continues to support a gradual market recovery. CNH shares jumped over 16% following a recent earnings update as investors welcomed raised full-year guidance.

Oshkosh Corporation

Oshkosh Corporation provides purpose-built vehicles and equipment through its Access, Vocational, and Transport segments, designing aerial work platforms and telehandlers, as well as heavy tactical wheeled vehicles for defence, fire apparatus through its Pierce Manufacturing unit, and lift equipment through JLG Industries. Founded in 1915 (with the current corporate structure formerly known as Oshkosh Truck Corporation) and headquartered in Oshkosh, Wisconsin, the company reported second-quarter 2026 revenue of $2.915 bn, beating consensus, and raised its full-year 2026 revenue guidance to $11.2 bn. Oshkosh Defence recently secured $142 mn in new orders for its Family of Medium Tactical Vehicles programme.

What are US Machinery Stocks?

US machinery stocks are shares of companies that design, manufacture and sell industrial, agricultural, construction and power-generation equipment. This includes heavy equipment makers, industrial machinery stocks and agricultural equipment manufacturers. The category spans construction machinery, farm equipment, power systems and diversified industrial businesses. Investors building a machinery stocks list should therefore compare companies across different end markets and demand cycles.

How to Evaluate and Invest in US Machinery Sector Stocks?

Here's how to invest in the US Machinery stock market from India, step by step:

  1. Log in or Create an Account: Visit Tickertape US Stocks and log in to your account. Create an account if you have not registered yet and complete the US investing account-opening process.
  2. Search for Machinery Stocks: Use the Tickertape US Stock Screener and select 'Farm & Heavy Construction Machinery’ under the sector filter.
  3. Analyse the Stocks: Each stock page provides information such as the live market price, 52-week range, financial performance, peer comparison and recent news.
  4. Add Money to Your US Wallet: Connect an eligible bank account and transfer money to your US Wallet under the Liberalised Remittance Scheme.
  5. Place Your Order: Select the Machinery stock you want to invest in and click on 'Buy' to place the order through Tickertape.

Taxation of US Machinery Stocks for Indian Investors

The tax treatment of US machinery stocks generally depends on the holding period, the investor's applicable income tax rate, and US withholding rules on dividend income.

IncomeHolding Period / ConditionTax Rate in the USTax Rate in India
Long-Term Capital Gains (LTCG)Held for > 24 months0% (Taxed only in India under DTAA)12.5% (+ applicable surcharge & cess)
Short-Term Capital Gains (STCG)Held for < 24 months0% (Taxed only in India under DTAA)Taxed as per your applicable income slab rate

Advantages of Investing in US Machinery Stocks

Data Centre Demand

US data centre capacity could rise from about 24 GW in 2026 to 110 GW by 2030. This expansion is driving demand across industrial machinery stocks linked to turbines, switchgear and electrical infrastructure.

Record Backlogs

Major machinery stocks are reporting record order backlogs, including Caterpillar at about $72 bn and GE Vernova near $176 bn. These backlogs provide multi-year revenue visibility and support forward earnings expectations.

AI Innovation

Machinery companies are integrating AI into equipment for predictive maintenance, automation and route optimisation. These capabilities can improve efficiency, differentiate products and strengthen the competitive positioning of leading machinery stocks.

Market Diversity

The sector spans construction, agriculture, power generation and aerospace. This diversity helps explain why individual industrial machinery stocks can perform differently depending on their end-market exposure and business mix.

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Risks of Investing in US Machinery Stocks

Farm Weakness

Agricultural equipment demand remains under pressure, while labour negotiations can add uncertainty. A prolonged downturn in farming could weigh on production and earnings across agricultural machinery stocks.

Tariff Costs

Machinery companies face higher costs due to tariffs and global supply chains. Caterpillar expects about $2.2 bn in tariff costs for 2026, highlighting potential margin pressure across machinery stocks.

High Valuations

Several machinery stocks have risen sharply, leaving valuations elevated against historical levels. Slower AI-related investment or weaker earnings growth could trigger corrections in companies priced for sustained demand.

Supply Bottlenecks

Long equipment lead times support pricing but can restrict revenue conversion. Component shortages, limited manufacturing capacity or skilled-worker gaps may prevent machinery companies from delivering record backlogs as quickly as expected.

Factors to Consider Before Investing in US Machinery Stocks

Order Backlog

Backlogs and book-to-bill ratios help indicate future demand across machinery stocks. Rising orders relative to shipments support revenue visibility, while weakening backlogs may signal slower activity across industrial end markets.

End-Market Mix

Exposure to data centres, agriculture, construction and aerospace affects growth and volatility. Agricultural machinery stocks may follow farm cycles, while power-focused names can be more sensitive to electrification investment.

Input Costs

Tariffs, steel prices and speciality component costs can affect industrial machinery stocks. The ability to pass higher costs to customers without materially weakening demand remains an important factor.

Production Capacity

Manufacturing capacity and component availability determine how quickly companies can convert orders into revenue. Capacity expansions and stronger supply chain execution can support deliveries, margins, and overall performance across machinery stocks.

Key Growth Drivers for US Machinery Stocks

Power Infrastructure

The global data centre power systems market could grow from about $11.2 bn in 2026 to over $20.3 bn by 2034, supporting demand across electrical and industrial machinery stocks.

Long Lead Times

Lead times for critical equipment can run 18 to 36 months, while some gas turbine orders extend into 2028-2029. Tight supply can support pricing power for established machinery stocks.

Farm Recovery

Analysts expect agricultural machinery demand to recover in 2027 after a multi-year downturn. Improving farm incomes and replacement cycles could support agricultural machinery stocks with meaningful exposure to tractors, harvesters and related equipment.

Electrification

Industrial electrification and the integration of renewable energy continue to increase demand for power systems and electrical equipment. This provides industrial machinery stocks with a structural growth driver beyond AI-specific data centre investment.

How to Track the Best US Machinery Stocks from India on Tickertape?

You can track US Machinery stocks and ETFs from India on Tickertape's US Stocks & ETFs platform.

  1. Log in: Visit Tickertape and sign in to your account.
  2. Search Machinery stocks: Look up companies involved in Machinery, or explore Machinery-focused ETFs.
  3. Use the screener: Filter US stocks and ETFs by ‘Farm & Heavy Construction Machinery’ sector.
  4. Compare metrics: Review live prices, market capitalisation, returns, valuation ratios, profitability, financial health, risk indicators and ETF holdings.
  5. Create a watchlist: Add selected Machinery stocks and ETFs to monitor their prices, financial performance and company developments over time.

Conclusion

US machinery stocks span construction and mining equipment makers, agricultural machinery manufacturers, power generation and electrification equipment companies, and diversified industrial businesses, several of which are experiencing a historic demand surge tied to AI data centre power infrastructure even as agriculture-focused names navigate a cyclical downturn. Performance across the sector is shaped by order backlog trends, end-market mix between fast-growing and cyclical segments, tariff and input cost pressures, and manufacturing capacity execution. Agricultural-cycle weakness, tariff-cost exposure, elevated valuations after sharp rallies, and supply chain bottlenecks are among the factors to weigh when evaluating this sector. Investors looking to analyse machinery companies can use the Tickertape US Stock Screener to compare stocks using 60+ unique filters and custom filters across valuation, profitability, growth, financial health and other key metrics.

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Frequently Asked Questions on US Machinery Stocks

  1. What are US Machinery stocks?

    US machinery stocks are shares of companies that design, manufacture, and sell industrial, agricultural, construction, and power-generation equipment. This spans heavy equipment makers, agricultural machinery manufacturers, power and electrical equipment companies, and diversified industrial companies providing motion and control technologies.

  2. Who are the top 5 Machinery companies?

    As of 4th September 2026, the top 5 best machinery stocks in the US by market capitalisation include:
    1. Caterpillar Inc
    2. GE Vernova LLC
    3. Eaton Corporation PLC
    4. Deere & Company
    5. Parker-Hannifin Corporation


    Disclaimer: The above US machinery stocks list is for educational purposes only and do not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing in any US Machinery from India.

  3. What is the outlook for US Machinery stocks?

    The outlook is bifurcated: power generation and electrical equipment companies exposed to AI data center demand are seeing record order backlogs and extended lead times, while agricultural equipment makers are navigating a cyclical downturn with analysts anticipating a recovery beginning in 2027. Continued tariff costs and the risk of stretched valuations after sharp share price gains remain factors that could affect near-term performance across the sector.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

  4. Are US Machinery stocks risky for Indian investors?

    Like any industrial-sector investment, US machinery stocks carry risks, including cyclical demand swings, tariff and input-cost exposure, and the possibility of stretched valuations following sharp share-price rallies. Indian investors should also factor in currency movement between the rupee and the US dollar.

  5. How can I compare US Machinery stocks on Tickertape?

    You can use the Tickertape US Stock Screener to compare machinery stocks across valuation, profitability, growth, financial health and other metrics, and create a watchlist to track your shortlisted companies.

  6. Can beginners invest in US Machinery stocks?

    Yes, beginners can invest in US machinery stocks from India through platforms like Tickertape, which allow fractional-share investing starting with a small amount. This makes it possible to build exposure gradually rather than committing a large sum to a single company, which can be useful given how differently individual machinery stocks have performed recently.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.

  7. How to invest in US Machinery stocks from India?

    Investors in India can access US Machinery stocks through Tickertape. The process generally involves:
    1. Create an account: Open a US investing account on Tickertape.
    2. Explore Machinery stocks: Compare companies across athletic, performance, casual and lifestyle Machinery categories.
    3. Complete KYC: Verify your identity and submit the required documents.
    4. Link a bank account: Connect an eligible bank account for LRS remittances.
    5. Add funds: Transfer money to your US investing account.
    6. Place an order: Select a Machinery stock and place an order, including fractional orders where available.

  8. What are the advantages of investing in US Machinery stocks?

    Advantages include direct exposure to the AI-driven data centre electrification supercycle currently reshaping demand for power generation and electrical equipment, record order backlogs providing multi-year revenue visibility, and diversified end-market exposure that can help offset weakness in any single segment such as agriculture.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research before investing.

  9. What is the difference between individual US Machinery stocks and Machinery-focused ETFs?

    Individual machinery stocks provide targeted exposure to a specific company's end-market mix, order backlog, and competitive position, while an industrial- or infrastructure-focused ETF spreads investment across multiple machinery and industrial companies. This can reduce single-stock risk but also dilutes exposure to any one company's specific growth story, which matters given how differently individual machinery stocks have performed recently.

  10. What metrics are commonly used to evaluate US Machinery stocks?

    Commonly used metrics include order backlog, book-to-bill ratio, organic revenue growth, price-to-earnings (P/E) ratio and free cash flow. Given the current AI-driven surge in demand in parts of the sector, many investors are also tracking data-centre-related order growth and lead-time trends as leading indicators.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research before investing.

  11. Do US Machinery stocks pay dividends?

    Most established machinery companies, including Caterpillar, Eaton, Deere and Parker-Hannifin, pay regular quarterly dividends, with Parker-Hannifin having recently increased its dividend by 11%. Newer or more growth-focused names such as GE Vernova currently pay a comparatively modest dividend as the company prioritises reinvestment in capacity expansion.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.