CNH Industrial N.V.

CNH ·Industrials, Farm & Heavy Construction Machinery
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
Revenue $18.10B $19.84B $24.69B $23.55B $19.50B $14.78B
Cost of Revenue $12.39B $13.35B $16.84B $16.80B $14.11B $11.15B
Gross Profit $5.71B $6.49B $7.85B $6.75B $5.39B $3.63B
Gross Margin 31.5% 32.7% 31.8% 28.7% 27.6% 24.5%
Operating Expenses
Research & Development $1.03B $924.0M $1.04B $866.0M $642.0M $493.0M
SG&A Expense $1.88B $1.71B $1.86B $1.75B $1.45B $1.30B
Operating Income $620.0M $1.46B $4.05B $3.42B $2.49B $481.0M
Operating Margin 3.4% 7.3% 16.4% 14.5% 12.8% 3.3%
Interest Expense $1.35B $734.0M $549.0M $660.0M
Pretax Income $620.0M $1.46B $2.70B $2.68B $1.94B $-179.0M
Income Tax Expense $184.0M $336.0M $594.0M $747.0M $229.0M $85.0M
Net Income $510.0M $1.25B $2.28B $2.03B $1.72B $-493.0M
Net Margin 2.8% 6.3% 9.2% 8.6% 8.8% -3.3%
EPS (Basic) $0.41 $0.99 $1.71 $1.50 $1.27 $-0.36
EPS (Diluted) $0.41 $0.99 $1.69 $1.49 $1.27 $-0.36
Shares Outstanding (Basic) 1.24B 1.25B 1.25B 1.33B 1.35B 1.35B 1.35B
Shares Outstanding (Diluted) 1.24B 1.25B 1.26B 1.35B 1.36B 1.36B 1.35B
Dividends Per Share $0.25 $0.47 $0.40 $0.30 $0.13 $0.00