What is Ditch Witch and what is the underground construction equipment market?

Ditch Witch is the leading brand in compact underground construction equipment — machines used to install underground utilities (gas lines, water lines, fiber optic cable, electrical conduit) without major surface excavation. Ditch Witch product categories: Trenchers — chain-driven or wheel excavation tools that cut a narrow trench for pipe and cable installation. Vacuum excavation trucks — high-pressure water or air plus suction to safely expose underground utilities (used by utility contractors before digging to avoid hitting existing buried utilities, called hydro-vac). Horizontal directional drills (HDD) — drill horizontal underground bores without surface trenching; critical for installing utilities under roads, rivers, and sensitive surfaces where trenching is impractical. Market drivers: fiber optic broadband rollout — major telecom companies are deploying fiber to the home nationwide, requiring miles of fiber trench and bore work; utility infrastructure upgrades — aging gas, water, and electrical distribution networks require pipe replacement; EV charging infrastructure — installing underground charging conduit for commercial EV charging stations; 5G small cell fiber backhaul installation. The Ditch Witch acquisition made Toro a significant player in the infrastructure services equipment market, diversifying beyond turf maintenance.

How does precision agriculture technology affect CNH's equipment business?

Precision agriculture uses GPS, sensors, and data analytics to optimize farming operations — improving crop yield while reducing input waste (seed, fertilizer, herbicide, water). Key precision agriculture technologies in CNH's equipment: Auto-Steer and GPS guidance — CNH's AFS (Advanced Farming Systems) suite allows tractors and combines to follow GPS-guided paths with centimeter accuracy; eliminates overlap passes, reduces fuel consumption, reduces driver fatigue; virtually standard on large row-crop equipment. Variable rate application (VRA) — planters and sprayers equipped with sensors and electronic controls vary seed population or chemical rates across a field based on yield maps; reduces input costs while optimizing yield. Combine yield mapping — combines record georeferenced grain yield data during harvest; yield maps guide next year's input decisions. Remote telematics and fleet management — AFS Connect (CNH's platform) monitors equipment operating conditions, fuel consumption, and maintenance needs remotely. Why it matters for CNH: precision agriculture features are premium additions to tractors and combines that customers pay more for; they drive trade-up to larger, fully-featured machines; precision agriculture software subscriptions add recurring revenue to traditionally product-only equipment businesses.

What does the professional turf equipment market include and what makes Toro's position strong?

Professional turf equipment serves commercial customers maintaining large turf areas — very different from residential lawn care: Golf course equipment — fairway mowers (ride-on reel mowers maintaining fairway grass at 0.5-1 inch height), greens mowers (extremely precise reel mowers for putting greens at 0.1-0.15 inch height), rough mowers, and turf utility vehicles; Toro and Jacobsen (a Textron company) dominate golf course equipment; golf courses maintain fleets of 30-80+ machines worth $500,000-2 million or more; equipment replacement is ongoing and relatively non-cyclical since golf courses cannot let grass die. Sports field equipment — stadium riding mowers, aeration equipment for NFL stadiums, baseball and soccer field maintenance equipment; municipalities and professional sports teams are consistent buyers. Landscape contractor equipment — commercial zero-turn mowers used by landscaping companies maintaining commercial properties, office parks, and HOA communities; brands include Toro, Exmark (a Toro subsidiary), Husqvarna, and others. Why Toro's golf position is strong: golf course equipment relationships are decades-long; golf course superintendents are brand loyal; once a course fleet is Toro, parts and service familiarity makes switching costly; Toro Golf has consistent presence at industry events like the Golf Industry Show.

brimindinvest.com / compare / cnhi-vs-toroLIVE

CNHI

CNH Industrial N.V. · Industrials - Agricultural & Construction Equipment

N/A

N/A this month

VERSUS

⟷

COMPARE

TTC

The Toro Company · Industrials - Outdoor Maintenance Equipment

$92.61

+4.26% this month

Scoreboard verdict

Across AI score, momentum, valuation, upside, operating margin

CNHI

0

TTC

0

MIXED SETUP

Comparison scoreboard

MIXED SETUP

AI Score

CNHI N/A

TTC 39.2

1Y Return

CNHI N/A

TTC +36.15%

Fwd P/E

CNHI N/A

TTC 18.28

Target Up.

CNHI N/A

TTC +17.97%

Op. Margin

CNHI N/A

TTC N/A

Metrics last refreshed: 6/20/2026

Quick take

CNHI vs TTC Stock Comparison: AI Score, Valuation, Performance and Upside

CNHI (CNH Industrial) and TTC (Toro Company) both manufacture outdoor power and maintenance equipment but at very different scales and market segments — CNH Industrial makes large agricultural tractors and combines (Case IH, New Holland) and construction equipment serving farmers and contractors globally, while Toro makes professional turf equipment (golf courses, municipalities), residential mowers, and underground construction equipment (Ditch Witch) for groundskeeping and utility installation.

CNHI vs TTC is large-scale global agricultural and construction equipment OEM with commodity price cycle exposure (CNH Industrial's Case IH and New Holland brands serving row-crop farmers globally with large tractors and combines whose purchasing is driven by crop profitability) versus professional turf, grounds, and underground construction equipment specialist (Toro's dominant brand positions in golf course maintenance equipment and Ditch Witch underground construction serving municipal, golf, and telecom utility contractor markets) — global agricultural cycle exposure versus professional outdoor maintenance niche leadership.

Live analysis · updated 6/20/2026

CNHI and TTC are closely matched — they split the tracked metrics evenly.

Normalized 1Y performance

CNHI

TTC

Not enough data to chart yet.

Recent returns

CNHI

TTC

Analyst price targets & sentiment

CNHI

Price target data unavailable

N/A

TTC · 4 analysts

STRONG BUYHOLDSTRONG SELL

Buy (2.2/5.0)

Price target range

analyst low$100.00
analyst high$120.00
analyst mean$109.25
current price$92.61

+18.0% upside to analyst mean

Who should consider this stock?

CNHI may suit investors who:

→Want exposure to global agricultural equipment demand driven by the secular need to increase global food production — CNH's Case IH and New Holland brands are positioned across the world's major agricultural regions
→Value CNH's diversification across agricultural and construction equipment segments, with the Iveco truck spin-off having simplified the portfolio to a more focused equipment play
→See the current agricultural equipment destocking cycle as a temporary headwind before returning to normalized demand tied to longer-term precision agriculture investment trends

TTC may suit investors who:

→Value Toro's niche professional market leadership in golf course maintenance equipment and Ditch Witch underground construction equipment as providing more stable demand than commodity agricultural equipment
→Believe Toro's electrification initiative (battery-electric commercial mowers, electric Ditch Witch equipment) positions the company to benefit from commercial landscaping customers' sustainability requirements
→Prefer Toro's smaller scale and more focused portfolio (turf and grounds, underground construction) versus CNH Industrial's larger, more globally exposed agricultural and construction equipment conglomerate

Performance & AI score

Metric	CNHI	TTC
AI score	N/A	39.2
AI rank	N/A	#1190
Latest close	N/A	$92.61
1M return	N/A	+4.26%
6M return	N/A	+16.73%
1Y return	N/A	+36.15%

$10,000 invested — hypothetical growth (dividends reinvested)

How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?

Period	CNHI	TTC
1Y ago	N/A	$13.87K (+38.7%) started 2025-06-18
5Y ago	N/A	$10.49K (+4.9%) started 2021-06-18
10Y ago	N/A	$28.54K (+185.4%) started 2016-06-20

Hypothetical — past performance does not guarantee future results.

Valuation & upside potential

Metric	CNHI	TTC
Market cap	N/A	$8.82B
Trailing P/E	N/A	26.69
Forward P/E	N/A	18.28
Price/Sales	0.58	1.89
EV/Revenue	N/A	2.06
Analyst target	N/A	$109.25
Target upside	N/A	+17.97%

Growth, profitability & risk

Metric	CNHI	TTC
Revenue growth	N/A	8.10%
Earnings growth	N/A	9.50%
EPS growth	N/A	+9.50%
FCF margin	N/A	+14.39%
Operating margin	N/A	N/A
Profit margin	N/A	7.29%
ROIC proxy	N/A	23.89%
Return on equity	N/A	23.89%
Dividend yield	N/A	1.72%
Beta	1.15	0.71
Debt/equity	N/A	83.11
Current ratio	N/A	1.56
Quick ratio	N/A	0.67

Drawdown & downside risk

Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.

1Y risk snapshot

CNHI max drawdownN/A

TTC max drawdown17.22%

CNHI max wkly dropN/A

TTC max wkly drop7.14%

5Y risk snapshot

CNHI max drawdownN/A

TTC max drawdown43.32%

CNHI max wkly dropN/A

TTC max wkly drop21.03%

10Y risk snapshot

CNHI max drawdownN/A

TTC max drawdown43.32%

CNHI max wkly dropN/A

TTC max wkly drop21.03%

Performance metrics by period

Period	Metric	CNHI	TTC
1Y	Growth	N/A	+36.15%
	CAGR	N/A	+36.18%
	Sharpe ratio	N/A	1.18
	Max drawdown	N/A	17.22%
	Max daily drop	N/A	4.95%
	Max wkly drop	N/A	7.14%
5Y	Growth	N/A	-3.66%
	CAGR	N/A	-0.74%
	Sharpe ratio	N/A	-0.04
	Max drawdown	N/A	43.32%
	Max daily drop	N/A	12.69%
	Max wkly drop	N/A	21.03%
10Y	Growth	N/A	+144.99%
	CAGR	N/A	+9.38%
	Sharpe ratio	N/A	0.30
	Max drawdown	N/A	43.32%
	Max daily drop	N/A	14.18%
	Max wkly drop	N/A	21.03%

Business comparison

Category	CNHI	TTC
Company	CNH Industrial N.V.	The Toro Company
Sector	Industrials - Agricultural & Construction Equipment	Industrials - Outdoor Maintenance Equipment
Industry	N/A	N/A
Core business	CNH Industrial manufactures large-scale agricultural and construction equipment under the Case IH, New Holland Agriculture, Case Construction Equipment, and New Holland Construction brands. Agricultural equipment includes tractors (small utility to large row-crop tractors), combines, planters, sprayers, and hay equipment. Construction equipment includes backhoe loaders, excavators, skid steer loaders, and compact track loaders. CNH also provides financial services (CNH Industrial Capital) financing dealer and customer equipment purchases. CNH is headquartered in the UK with significant Italian heritage (former parent Fiat Industrial) and trades on NYSE and Borsa Italiana.	Toro Company manufactures professional and residential outdoor maintenance equipment including turf maintenance equipment (zero-turn mowers, riding mowers, commercial walk-behind mowers), snow and ice management (snow throwers, snow plows), underground construction (Ditch Witch brand — trenchers, vacuum excavation trucks, horizontal directional drills), and grounds equipment for golf courses, sports fields, and municipalities. Toro's professional segment (golf courses, sports facilities, municipalities, landscape contractors) represents approximately 80% of revenue; the residential segment serves homeowners. Toro acquired Charles Machine Works (Ditch Witch brand) in 2019 for approximately $900 million.
Investor focus	Investors track CNH's agricultural equipment order volumes (heavily influenced by farmer income driven by commodity prices), construction equipment demand, dealer inventory normalization cycles, and the Iveco truck spin-off (completed 2022) which made CNH a purer equipment play.	Investors track Toro's professional equipment order volumes and dealer inventory levels, the Ditch Witch underground construction portfolio performance (tied to fiber and utility infrastructure construction cycles), and Toro's progress toward electrification of its equipment portfolio (battery-electric commercial mowers).

CNHI strengths

→Case IH and New Holland are among the world's leading agricultural equipment brands — globally recognized brands with dealer networks in every major agricultural market from the North American corn belt to Brazilian soybean farms to European dairy operations
→Exposure to global food security and precision agriculture investment trends — crop production increases require larger, more productive farm equipment; precision agriculture technology (GPS-guided planting, variable rate application) is driving equipment upgrades
→Diversified geographic presence reduces single-market dependence — CNH operates across North America, Europe, South America, and rest of world, providing exposure to global agricultural trends rather than single-country farm income cycles

TTC strengths

→Toro and Ditch Witch are the leading brands in their respective niches — Toro dominates professional turf maintenance equipment for golf courses and sports stadiums; Ditch Witch is the leading brand in compact underground construction equipment; brand leadership in niche professional markets creates pricing power and switching costs
→Professional market orientation provides more stable demand versus residential — professional groundskeeping (golf courses, municipalities, sports stadiums) is less cyclical than residential; professional customers maintain equipment purchases as ongoing business operations
→Zero-turn mower growth and product innovation — zero-turn mowers are replacing traditional riding tractors for residential and commercial mowing; Toro's Titan and TimeCutter lines participate in this growing segment; battery-electric zero-turns address commercial customers' sustainability requirements

Risks to watch — CNHI

→Agricultural equipment demand is heavily cyclical with farm income — equipment purchases follow farmer profitability; when crop prices fall or input costs rise, farmers defer equipment purchases; CNH's revenue can decline significantly in down-cycle years
→Dealer inventory destocking creates near-term volume headwinds — after the COVID supply-chain tightening period, agricultural equipment dealers accumulated excessive inventory; the dealer destocking cycle reduces factory orders even when end demand is healthy
→John Deere and AGCO competition — CNH competes with industry leader Deere and Company and AGCO Corporation in every agricultural equipment segment; all three companies are investing heavily in precision agriculture and autonomous equipment technology

Risks to watch — TTC

→Ditch Witch underground construction exposure adds cyclicality — Ditch Witch trenchers and horizontal directional drills are purchased by contractors installing utilities, fiber, and gas lines; telecom fiber rollout and utility construction drive Ditch Witch demand; construction cycle slowdowns affect this segment
→Dealer inventory normalization after COVID-era supply chain surge — Toro's professional equipment channel accumulated above-normal dealer inventory during supply chain disruptions; destocking reduces factory order volumes
→Residential mower market is competitive with Husqvarna, Deere, and MTD — residential mower pricing competition creates margin pressure in the residential segment

Frequently asked questions

Agricultural equipment demand is fundamentally driven by farmer income, which is largely determined by crop prices (corn, soybeans, wheat, cotton) and input costs (fuel, fertilizer, seed). The cycle: High crop prices lead to strong farmer income, which leads to farmers investing in equipment upgrades (larger tractors, new combines, precision planting equipment); low crop prices or high input costs compress farmer margins, causing farmers to defer equipment purchases and extend equipment life. Historical cycles: 2010-2014 — strong corn and soybean prices drove a major agricultural equipment boom; 2015-2016 — crop price decline caused a significant equipment demand downturn; 2020-2022 — post-COVID crop price inflation created another strong cycle; 2023-2024 — crop price normalization and dealer inventory destocking created a down cycle. For CNH specifically: large row-crop tractors and combines ($200,000-500,000+ machines) are most affected by this cycle; small utility tractors are less cyclical; the construction segment follows a different cycle driven by construction activity and infrastructure spending. Agricultural equipment stocks typically trade at low multiples near cycle troughs and higher multiples near cycle peaks.

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