Filing Flows › CNH Industrial N.V. (CNH) › Q1 2026 › vs Q4 2025
CNH Industrial N.V. (CNH) Q1 2026 vs Q4 2025 (quarter over quarter)
CNH Industrial N.V.'s revenue fell $1.3B (-26%) from $5.2B in Q4 2025 to $3.8B in Q1 2026. The biggest changes: Total Industrial Activities −$1.3B (-29%); Financial Services −$54.0M (-8%). Operating margin 0.4% against 2.9% (-2.5 pts).
CNH Industrial N.V., Q1 2026: revenue $3.8B (-0.1% year over year), operating margin 0.4%, net earnings $10.0M, operating cash flow $35.0M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 0.4% | 2.9% | -2.5 pts |
| Net margin | 0.3% | 1.7% | -1.5 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Agriculture | $2.6B | $3.6B | −$1.0B | -28% |
| Construction | $574M | $853M | −$279M | -33% |
| Total Industrial Activities | $3.2B | $4.5B | −$1.3B | -29% |
| Financial Services | $646M | $700M | −$54.0M | -8% |
| Revenue | $3.8B | $5.2B | −$1.3B | -26% |
| Operating profit | $14.0M | $149M | −$135M | -91% |
| Costs & expenses | $3.8B | $5.0B | −$1.2B | -24% |
| Pre-tax earnings | $14.0M | $149M | −$135M | -91% |
| Cost of revenue | $2.6B | $3.6B | −$1.0B | -28% |
| Research & development | $232M | $342M | −$110M | -32% |
| SG&A | $465M | $463M | $2.0M | +0.4% |
| Other operating costs | $510M | $570M | −$60.0M | -11% |
| Net earnings | $10.0M | $89.0M | −$79.0M | -89% |
| Income tax | $4.0M | $60.0M | −$56.0M | -93% |
| Working capital & other | $25.0M | $856M | −$831M | -97% |
| Operating cash flow | $35.0M | $945M | −$910M | -96% |
Questions
How much did CNH Industrial N.V.'s revenue grow quarter over quarter in Q1 2026?
CNH Industrial N.V.'s revenue fell $1.3B (-26%) from $5.2B in Q4 2025 to $3.8B in Q1 2026.
What drove CNH Industrial N.V.'s revenue change in Q1 2026?
Total Industrial Activities −$1.3B (-29%); Financial Services −$54.0M (-8%).