CNH Industrial: Cycle Ag Recovery Leverage, But Not A Lot Else Yet

Stephen Simpson20.85K FollowersFollow5ShareSavePlay(11min)CommentsSummaryCNH Industrial remains challenged by inconsistent execution, lagging tech leadership, and sub-scale construction operations, despite repeated self-help narratives and management changes.The recent Q4 beat was driven by ag business pulled forward from Q1 '26, while 2026 guidance signals further weakness with earnings meaningfully below Street expectations.Management has targeted significant margin expansion by 2030, but progress has been slow; operational improvement and tech adoption remain critical for upside.CNH appears undervalued with recovery potential in 2027, but is best viewed as a directional trade rather than a core holding given execution risks. SimplyCreativePhotography/iStock Unreleased via Getty Images When a company is saying a lot of the same things for five years but evidence of progress is limited, I think it’s fair to be skeptical of where the company is heading. Such is theThis article was written byStephen Simpson20.85K FollowersFollowStephen Simpson is a freelance financial writer and investor.Spent close to 15 years on the Street (sell-side, buy-side, equities, bonds).Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.