LIVE
CNH
CNH Industrial N.V. · Industrials - Agricultural & Construction Equipment
$10.46
+3.24% this month
VERSUS
⟷
COMPARE
AGCO
AGCO Corporation · Industrials - Agricultural Equipment
$113.66
+1.92% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
CNH
1
AGCO
3
Comparison scoreboard
AGCO LEADS 3/5AI Score
CNH 37.2
AGCO ✓38.7
1Y Return
CNH -17.62%
AGCO ✓+11.98%
Fwd P/E
CNH 14.34
AGCO ✓14.05
Target Up.
CNH ✓+27.20%
AGCO +12.62%
Op. Margin
CNH N/A
AGCO N/A
Metrics last refreshed: 6/20/2026
Quick take
CNH vs AGCO Stock Comparison: AI Score, Valuation, Performance and Upside
CNH (CNH Industrial) and AGCO are both major agricultural machinery manufacturers navigating the same farm equipment downcycle after 2021-2023 highs — CNH has dual agricultural brands (Case IH and New Holland) plus construction equipment, while AGCO is a pure-play agricultural equipment company with the premium Fendt brand as its jewel. CNH offers diversification; AGCO offers pure agricultural equipment purity with premium brand positioning.
CNH vs AGCO is multi-brand agricultural plus construction diversification (CNH's Case IH, New Holland Agriculture, and CASE Construction covering the full equipment spectrum) versus pure-play agricultural premium brand focus (AGCO's Fendt-led pure farm equipment portfolio with Precision Planting technology growth) — breadth versus focus within the agricultural machinery cycle.
Live analysis · updated 6/20/2026
AGCO holds the edge across 3 of 5 key metrics in this comparison. AGCO leads on both 1-year return (+11.98%) and forward P/E (14.05x vs 14.34x for CNH), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for CNH (+27.20%) than for AGCO (+12.62%).
Normalized 1Y performance
CNH
AGCO
Recent returns
CNH
AGCO
Analyst price targets & sentiment
CNH · 19 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.2/5.0)
Price target range
analyst low$9.50
analyst high$20.50
analyst mean$13.31
current price$10.46
+27.2% upside to analyst mean
AGCO · 14 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.7/5.0)
Price target range
analyst low$105.00
analyst high$152.00
analyst mean$128.00
current price$113.66
+12.6% upside to analyst mean
Who should consider this stock?
CNH may suit investors who:
- →Want agricultural equipment exposure with partial construction equipment diversification — CNH's CASE Construction provides some counter-cyclical revenue when farm capex softens
- →Value CNH's North American large row-crop equipment strength through Case IH, which shares a duopoly with John Deere in large combine harvesters and planters
- →See the Iveco separation as simplifying CNH into a more focused agriculture-and-construction equipment company with clearer capital allocation priorities
AGCO may suit investors who:
- →Want pure-play agricultural equipment exposure with the Fendt premium brand as a unique quality differentiation in the European tractor market and a growing premium tractor position in North America
- →Value AGCO's Precision Planting platform as a technology growth layer above traditional equipment cycles — recurring software and sensing revenue as farmers adopt precision planting technology
- →Believe in agricultural equipment's secular growth from food security, farm productivity improvement, and global population growth as a long-term demand driver regardless of near-term farm income cycles
Performance & AI score
| Metric | CNH | AGCO |
|---|---|---|
| AI score | 37.2 | 38.7 |
| AI rank | #1435 | #1243 |
| Latest close | $10.46 | $113.66 |
| 1M return | +3.24% | +1.92% |
| 6M return | +10.24% | +7.36% |
| 1Y return | -17.62% | +11.98% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | CNH | AGCO |
|---|---|---|
| 1Y ago | $8.32K (-16.8%) started 2025-06-18 | $11.31K (+13.1%) started 2025-06-18 |
| 5Y ago | $9.4K (-6.0%) started 2021-06-18 | $12.61K (+26.1%) started 2021-06-18 |
| 10Y ago | $22.77K (+127.7%) started 2016-06-20 | $34.31K (+243.1%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | CNH | AGCO |
|---|---|---|
| Market cap | $12.97B | $8.23B |
| Trailing P/E | 32.69 | 10.96 |
| Forward P/E | 14.34 | 14.05 |
| Price/Sales | 0.72 | 0.79 |
| EV/Revenue | 2.10 | 1.03 |
| Analyst target | $13.31 | $128.00 |
| Target upside | +27.20% | +12.62% |
Growth, profitability & risk
| Metric | CNH | AGCO |
|---|---|---|
| Revenue growth | -0.10% | 14.30% |
| Earnings growth | -94.40% | 441.90% |
| EPS growth | -94.40% | +441.90% |
| FCF margin | +1.37% | +6.71% |
| Operating margin | N/A | N/A |
| Profit margin | 2.13% | 7.43% |
| ROIC proxy | 4.84% | 17.53% |
| Return on equity | 4.84% | 17.53% |
| Dividend yield | 0.95% | 1.06% |
| Beta | 1.23 | 1.08 |
| Debt/equity | 333.72 | 59.71 |
| Current ratio | 4.90 | 1.29 |
| Quick ratio | 3.93 | 0.43 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
CNH max drawdown33.19%
AGCO max drawdown22.42%
CNH max wkly drop10.49%
AGCO max wkly drop9.57%
5Y risk snapshot
CNH max drawdown43.80%
AGCO max drawdown43.50%
CNH max wkly drop17.17%
AGCO max wkly drop18.37%
10Y risk snapshot
CNH max drawdown65.82%
AGCO max drawdown54.07%
CNH max wkly drop29.30%
AGCO max wkly drop34.24%
Performance metrics by period
| Period | Metric | CNH | AGCO |
|---|---|---|---|
| 1Y | Growth | -17.62% | +11.98% |
| CAGR | -17.63% | +11.99% | |
| Sharpe ratio | -0.49 | 0.37 | |
| Max drawdown | 33.19% | 22.42% | |
| Max daily drop | 7.40% | 5.96% | |
| Max wkly drop | 10.49% | 9.57% | |
| 5Y | Growth | -16.69% | +7.76% |
| CAGR | -3.59% | +1.51% | |
| Sharpe ratio | -0.06 | 0.09 | |
| Max drawdown | 43.80% | 43.50% | |
| Max daily drop | 10.58% | 11.23% | |
| Max wkly drop | 17.17% | 18.37% | |
| 10Y | Growth | +90.12% | +169.34% |
| CAGR | +6.64% | +10.42% | |
| Sharpe ratio | 0.24 | 0.33 | |
| Max drawdown | 65.82% | 54.07% | |
| Max daily drop | 14.95% | 18.78% | |
| Max wkly drop | 29.30% | 34.24% |
Business comparison
| Category | CNH | AGCO |
|---|---|---|
| Company | CNH Industrial N.V. | AGCO Corporation |
| Sector | Industrials - Agricultural & Construction Equipment | Industrials - Agricultural Equipment |
| Industry | N/A | N/A |
| Core business | CNH Industrial is a global agricultural and construction equipment manufacturer — owning Case IH and New Holland Agriculture (tractors, combines, planters) for farming, CASE Construction Equipment and New Holland Construction (excavators, wheel loaders) for construction, and financial services for equipment financing. CNH is separating its Iveco truck/bus business to become more focused on agriculture and construction. | AGCO Corporation is a pure-play agricultural equipment manufacturer — owning Fendt (premium German tractors), Massey Ferguson (global economy to mid-range tractors and combines), Challenger (rubber-tracked tractors for large farms), and Valtra (Scandinavian specialty tractors). AGCO also acquired Precision Planting to expand its precision agriculture technology business. |
| Investor focus | Investors track CNH's agricultural equipment revenue (the largest segment), market share in large row-crop equipment (combines, large tractors), precision agriculture technology investment, construction equipment cycle, Iveco separation impact on the remaining business, and the CNH financial services portfolio. | Investors track AGCO's revenue by brand and region, Fendt market share in Europe (the premium market where AGCO is strongest), Precision Planting technology growth, dealer inventory levels, and the agricultural equipment cycle as farm income normalizes from its 2021-2023 highs. |
CNH strengths
- →Brand portfolio diversity — Case IH serves the North American row-crop farmer market while New Holland serves European and emerging market farmers; two major brands give CNH coverage across different customer loyalty groups
- →Construction equipment diversification — the CASE Construction segment provides partial counter-cyclicality to agricultural equipment; construction spending and farm capex cycles don't always coincide
- →Scale in North American large row-crop equipment — combine harvesters and large planters are a duopoly (Deere and CNH's Case IH), giving Case IH significant pricing power in North American grain farming
AGCO strengths
- →Fendt premium brand positioning — Fendt is consistently ranked as the highest-quality tractor brand in Europe and has been gaining share in North American high-horsepower tractor market; premium brand commands pricing power and loyal customers
- →Pure-play agricultural focus — unlike CNH's construction equipment exposure, AGCO is 100% agricultural equipment, simplifying strategy and allowing capital allocation entirely around farm equipment cycles
- →Precision Planting technology platform — the 2021 acquisition of Precision Planting (planter attachments, connectivity, agronomic data tools) provides a growing technology services revenue stream alongside traditional equipment sales
Risks to watch — CNH
- →Agricultural equipment downcycle — after record high farm income in 2021-2023, equipment demand is normalizing downward; CNH faces order slowdown and dealer inventory buildup that will pressure volumes and pricing
- →Two-brand complexity — maintaining separate engineering, manufacturing, and dealer networks for Case IH and New Holland creates higher fixed costs than a single-brand strategy
- →Technology investment requirements — precision agriculture, autonomous machinery, and electrification require massive R&D investment that smaller CNH-scale competitors may not be able to fund
Risks to watch — AGCO
- →Fendt concentration in Europe creates exposure to European agricultural policy, currency (EUR/USD), and agricultural conditions that may differ from North American cycles
- →No construction equipment diversification — AGCO has no alternative revenue stream when agricultural equipment demand declines, unlike CNH's partial construction offset
- →North American market position — AGCO competes against Deere and CNH in North America from a smaller market share position; building North American market share requires significant dealer network development investment
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