CNH
CNH Industrial N.V.
CNH has lower modeled downside risk, despite its lower overall score.
RDW
Redwire Corporation
RDW has the edge over CNH overall, supported by stronger modeled upside and stronger valuation.
CNH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
CNH's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
CNH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $1.52 | -87% |
| Fair | 11x | $2.37 | -80% |
| Forward | 21x | $11.97 | — |
| Expensive | 25x | $5.49 | -54% |
| Current | 54x | $11.97 | — |
Historical ranges are pointers, not guarantees.
CNH's PE is in its expensive range at 54x. If earnings grow as analysts expect, today's price would be 21x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
CNH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect CNH's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over CNH on the outlook, with more favorable revenue expectations.
CNH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.56 | +153% |
| Q3 2026 | $0.22 | -49% |
| Q2 2026 | $0.26 | -57% |
| Q1 2026 | $0.32 | -59% |
| Q4 2025 | $0.41 | -59% |
| Q3 2025 | $0.43 | -68% |
| Q2 2025 | $0.61 | -60% |
| Q1 2025 | $0.78 | -55% |
| Q4 2024 | $0.99 | -44% |
CNH has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
CNH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.4B | -1% |
| Q2 2026 | $4.8B | +2% |
| Q1 2026 | $3.8B | -0.1% |
| Q4 2025 | $5.2B | +5.8% |
| Q3 2025 | $4.4B | -5.5% |
| Q2 2025 | $4.7B | -14% |
| Q1 2025 | $3.8B | -21% |
| Q4 2024 | $4.9B | -28% |
CNH's revenue fell from its 2021 peak and has held roughly level since: $4.4B last quarter, down 1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.2% | +4 points |
| Q2 2026 | 3.6% | -2.3 points |
| Q1 2026 | 0.3% | -3.9 points |
| Q4 2025 | 2.6% | -2.4 points |
| Q3 2025 | 1.2% | -7.1 points |
| Q2 2025 | 5.8% | -3.9 points |
| Q1 2025 | 4.2% | -5.7 points |
| Q4 2024 | 4.9% | -3.6 points |
CNH has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over CNH on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
CNH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $686M | +4.1% |
| Q2 2026 | $145M | -81% |
| Q1 2026 | $35M | -78% |
| Q4 2025 | $945M | -44% |
| Q3 2025 | $659M | -17% |
| Q2 2025 | $772M | +104% |
| Q1 2025 | $162M | +$1.1B |
| Q4 2024 | $1.7B | +12% |
CNH has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
CNH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | -1.1% | -14M shares |
| 3 years | -8.3% | -112M shares |
| 5 years | -9% | -122M shares |
| Available history | -13% | -186M shares |
CNH has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2022 | $20M |
| Q1 2022 | $20M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CNH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 5.4x | High |
| Q1 2022 | 5.0x | High |
| Q4 2021 | 7.0x | High |
| Q3 2021 | 3.9x | Elevated |
| Q2 2021 | 4.0x | Elevated |
| Q1 2021 | 5.7x | High |
| Q4 2020 | 11.0x | High |
| Q3 2020 | 7.6x | High |
CNH's net debt is about 5.4 years of its operating earnings (EBITDA), up from 4.0 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CNH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 39.1 | Neutral |
CNH's weekly RSI is 52 (neutral) and its Stochastic is 39 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
CNH PE vs Industrials Sector
| Metric | CNH | Sector median | Relative |
|---|---|---|---|
| PE | 54x | 24x | 126% above |
| PE % | 96 | 58 | 38 pts above |
CNH is trading at 54x earnings, a 126% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
CNH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.0 | 0.6% below |
| 20 week MA | $11.8 | 1.5% above |
| 50 week MA | $11.2 | 7.4% above |
| 100 week MA | $11.5 | 3.8% above |
| 200 week MA | $12.0 | 0.2% below |
CNH has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
CNH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.1 | $12.8 | +15% |
| 2021 | $12.8 | $18.9 | +48% |
| 2022 | $18.9 | $16.2 | -15% |
| 2023 | $16.2 | $12.2 | -25% |
| 2024 | $12.2 | $11.3 | -7.3% |
| 2025 | $11.3 | $9.44 | -16% |
| 2026 YTD | $9.44 | $12.0 | +27% |
CNH has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.