The following is an extract from the press release “CNH Industrial N.V. Reports Fourth Quarter and Full Year 2025 Results”.
The complete press release can be consulted in the accompanying PDF on the CNH Newsroom.
- Fourth quarter consolidated revenues increased 6%; full year revenues declined 9% on lower industry equipment demand
- Fourth quarter net income of $89 million; full year net income of $505 million
- Full year diluted EPS at $0.41; adjusted diluted EPS at $0.55
- Amid persistent agricultural equipment market challenges, the Company is preparing for lower demand levels in 2026 ahead of the start of an expected industry recovery in 2027
CNH Industrial N.V. (NYSE: CNH) today reported results for the three and twelve months ended December 31, 2025. Fourth quarter net income was $89 million, with diluted earnings per share of $0.07, compared with net income of $176 million and diluted earnings per share of $0.14 in Q4 2024. Consolidated revenues were $5.16 billion in the quarter (up 6% compared to Q4 2024) and Net sales of Industrial Activities were $4.45 billion (up 8% compared to Q4 2024). Net cash provided by operating activities was $945 million, and Industrial Free Cash Flow was $817 million in Q4 2025.
Full year 2025 consolidated revenues were $18.10 billion, down 9% year-over-year, with Net sales of Industrial Activities at $15.35 billion, down 10%. Full year net income was $505 million compared to 2024 net income of $1,259 million. Full year diluted earnings per share was $0.41 compared to $0.99 in 2024. Adjusted net income was $703 million compared to $1,339 million in 2024, with adjusted diluted earnings per share of $0.55 compared to $1.05 in 2024. Full year net cash provided by operating activities was $2,538 million, and Industrial Free Cash Flow was $513 million.
“Despite a challenging market environment, CNH delivered solid progress toward its long-term goals in 2025 and strengthened its foundation for success,” said Gerrit Marx, CNH Chief Executive Officer. “We continued reducing dealer inventories, advanced our Quality and Operational Excellence initiatives, and introduced products that directly address the evolving needs of farmers and builders. Our teams executed with discipline, focusing on what we can control while supporting our customers through dynamic economic conditions. As we move into 2026, we remain committed to prudent production planning, purposeful innovation, and delivering superior iron and technology integration. In this industry trough year, while markets are still moving slowly, CNH is moving fast in its transformation and engagement of exceptional colleagues to deliver on our ambitious commitments.”
Basildon, February 17, 2026