CNH Industrial N.V.

CNH Industrial N.V. is an equipment manufacturer organized in the Netherlands with its principal office in the United Kingdom and a global operating footprint across agriculture, construction, and captive finance. The company designs, produces, and sells tractors, harvesters, crop protection equipment, and construction machinery through a dealer network that serves farmers, builders, and contractors. Its Financial Services arm, marketed as CNH Capital, provides retail and wholesale financing that helps customers and dealers buy and stock CNH equipment. CNH is also pushing an "Iron + Tech" strategy that embeds precision agriculture, automation, connectivity, and autonomy into its product line to improve productivity and sustainability for customers.

31,5 %

2,8 %

−8,8 %

— CNH Industrial N.V.
%
Agriculture equipment60% Tractors, combines, harvesters, crop protection equipment, and related implements sold through dealers.
Construction equipment25% Earthmoving and construction machinery used in infrastructure, building, and site preparation.
Financial Services10% Retail, wholesale, and receivables financing that supports equipment sales and dealer inventory.
Parts and services5% Replacement parts, maintenance support, and service offerings that extend equipment life and uptime.

CNH sells primarily through dealers and distributors, so its direct customers are channel partners that buy equipment...

  • Agricultural end usersprimary

    Farmers and agricultural operators buying tractors, combines, harvesters, and crop protection equipment to improve productivity and yields.

  • Construction end usersprimary

    Builders, contractors, and site operators buying construction machinery for earthmoving, material handling, and infrastructure work.

  • Dealers and distributorsprimary

    Channel partners that purchase equipment wholesale, hold inventory, and resell to end customers while relying on CNH for support and incentives.

  • Financing customerssecondary

    Retail buyers and dealers that use CNH Capital for loans, leases, revolving credit, and inventory financing to support equipment purchases.

  • Parts and service buyerssecondary

    Existing equipment owners purchasing replacement parts and service to maintain uptime and extend machine life.

CNH describes its geographic reporting across North America, EMEA, South America, and Asia Pacific, reflecting a...

  • North America is a core market and includes the United States, Canada, and Mexico
  • EMEA covers Europe, the Middle East, and Africa across CNH's dealer network
  • South America is important for agricultural equipment demand and financing
  • Asia Pacific provides additional growth and diversification for equipment sales
  • Operations span 32 countries with commercial presence in about 166 countries
  • Regional demand is sensitive to farm economics, construction activity, and FX

CNH's strategy centers on organic growth through product leadership, technology integration, and commercial expansion...

01
Expand the Iron + Tech product platformmedium-term

Technology-rich equipment can improve customer productivity and differentiate CNH from lower-tech competitors.

02
Refresh core equipment linesshort-term

New generation combines and updated tractors support replacement demand and keep the portfolio competitive.

03
Strengthen commercial executionmedium-term

Dealer network rationalization and customer engagement can improve reach, service quality, and channel productivity.

CNH faces cybersecurity and digital risks because its equipment, dealer systems, and connected platforms rely heavily...

high

Cybersecurity breaches and IT system disruptions

CNH depends on connected systems for product development, manufacturing, distribution, invoicing, and payment collection.

Scope
Enterprise IT, dealer systems, connected equipment, cloud providers
Materiality
high
high

Unauthorized access to connected products

Embedded software and telematics can be manipulated, potentially affecting machine performance, safety, or compliance.

Scope
Precision technology, autonomy, telematics, machine control systems
Materiality
high
high

Cyclical end-market demand

Equipment purchases depend on farm economics, construction activity, and customer access to financing.

Scope
Agriculture and construction equipment volumes
Materiality
high
medium

Regulatory and privacy changes

The company handles sensitive customer and machine data and also operates financial services subject to evolving rules.

Scope
Data privacy, financial services, compliance
Materiality
medium
Revenue timing through dealer channel
Quarterly comparability and gross margin
Seasonality and working capital
Cash flow, inventory, and receivables
Credit loss estimates in Financial Services
Allowance for credit losses and finance income
Constant-currency presentation
Revenue growth interpretation
Net cash (debt) of Industrial Activities
Leverage analysis

: 11/08/2026