Filing Flows › CNH Industrial N.V. (CNH) › Q1 2025
CNH Industrial N.V. (CNH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
CNH Industrial N.V. (CNH) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), -21% from a year earlier and -21% from the quarter before. Operating margin was 4.7%, net earnings $132M (3.4% of revenue).
CNH Industrial N.V., Q1 2025: revenue $3.8B (-20% year over year), operating margin 4.7%, net earnings $132M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -21% | -21% |
| Operating profit | $179M | -32% | -60% |
| Net earnings | $132M | -25% | -64% |
| Operating cash flow | $162M | -90% | — |
What changed
Revenue was $3.8B in Q1 2025, down 21% year over year and down 21% from the previous quarter. Agriculture was the largest line at 67% of revenue. Agriculture lost $0.79B year over year (down 23%), 80% of the total change.
Operating profit was $0.18B, a 4.7% margin (down 4.6 points year over year). Total costs fell 17% while revenue fell 21%. Net earnings were $0.13B, down 64% year over year. The effective tax rate was 26.3%.
Operating cash flow was $0.16B, 123% of net earnings. Working capital and other items added $0.03B.
Questions
What was CNH Industrial N.V.'s revenue in the first quarter 2025?
CNH Industrial N.V.
Was CNH Industrial N.V. profitable in the first quarter 2025?
Operating profit was $179M (4.7% of revenue) and net earnings $132M.