UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36085 CNH INDUSTRIAL N.V. (Exact name of registrant as specified in its charter) Netherlands 98-1125413 (State or other jurisdiction of incorpo ...

Group 1 - The company has been making similar statements for five years, but there is limited evidence of progress, leading to skepticism about its future direction [1] - The article expresses a critical viewpoint regarding the company's ability to deliver on its promises over an extended period [1] Group 2 - No specific financial data or performance metrics are provided in the content [2]

Core Insights - CNH has achieved a ranking in the top 1% of companies in S&P Global's 2026 Sustainability Yearbook, marking its first year in this elite category after two consecutive years in the top 5% [1] - The company scored 83 out of 100 in the S&P Global 2025 Corporate Sustainability Assessment, which evaluated over 9,200 organizations across 62 industries [1] - CNH is one of only two companies from its industry group to be included in the top 1% [1] Sustainability Recognition - This recognition follows CNH's inclusion in S&P Global's Dow Jones Sustainability World and North America Indices, where it received a joint first place ranking in the Machinery and Electrical Equipment Industry category [2] - CNH was awarded an A Climate score and an A- Water score from CDP, a global non-profit organization focused on environmental disclosure [4] Strategic Impact - The Chief Sustainability Officer of CNH emphasized that the company's sustainability strategy is making a significant impact in agriculture, particularly in enhancing soil health, protecting biodiversity, and improving resource efficiency [3]

Core Insights - CNH Industrial reported a 6% increase in consolidated revenues for Q4 2025, but full-year revenues declined by 9% due to lower demand in the agricultural equipment sector [1][2] - The company anticipates continued challenges in the agricultural equipment market, preparing for lower demand levels in 2026 before a projected recovery in 2027 [1][17] Financial Performance - Q4 2025 net income was $89 million, down from $176 million in Q4 2024, with diluted EPS of $0.07 compared to $0.14 in the previous year [1][2] - Full-year net income for 2025 was $505 million, a significant decrease from $1,259 million in 2024, with diluted EPS dropping from $0.99 to $0.41 [2][15] - Adjusted net income for Q4 2025 was $246 million, up 26% from $196 million in Q4 2024, while adjusted diluted EPS increased to $0.19 from $0.15 [3][1] Segment Performance - The Agriculture segment saw net sales increase by 5% in Q4 2025 to $3.6 billion, driven by favorable pricing and foreign exchange impacts, although adjusted EBIT decreased to $233 million [5][8] - The Construction segment's net sales rose by 19% to $853 million in Q4 2025, but adjusted EBIT fell sharply to $5 million due to higher production costs [9][10] - Financial Services revenues decreased by 6% in Q4 2025, with net income increasing by 18% to $109 million, attributed to improved interest margins [11][12] Market Outlook - The agricultural equipment market is expected to face a further 5% decline in global retail demand in 2026, with a recovery anticipated in 2027 [17][19] - Construction equipment demand is projected to remain flat in 2026, with varying strength across different market segments [18][19]

Core Viewpoint - CNH Industrial (NYSE: CNH) is set to announce its financial results for the Fourth Quarter and Full Year of 2025 on February 17, 2026, with a live webcast available for stakeholders [1]. Group 1: Financial Results Announcement - The financial results conference call will begin at 9:00 a.m. ET on February 17, 2026, and will be accessible via a live listen-only webcast [1]. - A replay of the financial results will be archived in the Investor Relations section of the corporate website for 12 months for those unable to attend the live session [1]. Group 2: Company Overview - CNH Industrial is recognized as a world-class equipment, technology, and services company, focusing on innovation, sustainability, and productivity [3]. - The company provides strategic direction and R&D capabilities that support its global and regional brands, including Case IH, New Holland, CASE, and others [3]. - CNH has a diverse portfolio that includes agricultural applications, construction products, and advanced technologies in precision agriculture and autonomous systems [3]. Group 3: Company History and Workforce - With a history spanning over two centuries, CNH has established itself as a pioneer in its sectors, continuously innovating to enhance customer efficiency and success [4]. - The company employs over 35,000 individuals globally, fostering a diverse and inclusive workplace aimed at empowering customers [4].

Company Overview - Titan Machinery Inc. is a leading network of full-service agricultural and construction equipment stores, founded in 1980 and headquartered in West Fargo, North Dakota [3] - The company operates locations in North America, Europe, and Australia, servicing farmers, ranchers, and commercial applicators [3] - The U.S. network includes locations in 12 states, while the international network comprises stores in Bulgaria, Germany, Romania, Ukraine, and Australia [3] Upcoming Event - Titan Machinery will participate in a fireside chat at the 2026 ICR Conference scheduled for January 12-14, 2026, in Orlando, FL [2] - The fireside chat is set for January 13, 2026, at 9:00 am Eastern Time, with a live audio webcast available on the company's Investor Relations website [2]

Core Insights - CNH has appointed Carlo Materazzo as Chief Manufacturing Officer and Britton Worthen as Chief Legal and Compliance Officer, effective January 1, 2026, to enhance its Global Leadership Team and support operational excellence, innovation, and governance [1][4] Group 1: Appointments - Carlo Materazzo will oversee global agriculture industrial operations across five regions and 15 countries, bringing over 20 years of international experience in manufacturing, operations, and logistics [2] - Britton Worthen joins CNH with extensive experience in legal strategy, compliance, and corporate governance, advising on key legal issues and serving as Board Secretary [3] Group 2: Company Vision and Strategy - CNH emphasizes its commitment to strengthening its leadership team with world-class talent, aiming to advance strategic priorities through the expertise of new appointees [4] - The company operates under the purpose of "Breaking New Ground," focusing on innovation, sustainability, and productivity across its global and regional brands [4][5] Group 3: Company Overview - CNH is a global leader in equipment, technology, and services, with a diverse workforce of over 35,000 employees dedicated to empowering customers and driving efficiency [5]

Core Insights - Deere & Company, known as John Deere, is a leading manufacturer in agricultural machinery, heavy equipment, and forestry machinery, with a strong global presence and competition from companies like Caterpillar and CNH Industrial [1][5] - Morgan Stanley has set a new price target of $560 for Deere, suggesting a potential increase of 19.54% from its current trading price of $467.19 [1][5] Company Developments - John Deere is focusing on technological advancements, including the development of a 'digital twin' of the farm, autonomous tractors, and 'See & Spray' technology to enhance farming efficiency and precision [2][5] - The current stock price of Deere is $467.19, with a slight increase of 0.18% or $0.84, and has fluctuated between $463.82 and $469.32 during the trading day [3][5] Market Position - Deere's market capitalization is approximately $126.29 billion, reflecting its size and influence in the agricultural machinery industry [4][5] - The trading volume for Deere on the NYSE is 98,608 shares, indicating it is an actively traded stock attracting investor interest [4]

Core Insights - CHC Navigation has formed a strategic partnership with CNH Industrial to integrate precision agriculture technologies into CNH's FP FleetPro aftermarket kits, enhancing accessibility for farmers [2][3][4] Group 1: Partnership Overview - The collaboration aims to incorporate CHCNAV's high-precision guidance systems into CNH's FP FleetPro product line, making precision farming tools more accessible and reliable for a broader audience [2][3] - The FP FleetPro guidance kits are designed to be cost-effective and easy to use, allowing installation across various types of agricultural equipment without the need for full fleet replacement [3][4] Group 2: Product Features and Benefits - Key features of the FP FleetPro guidance kits include universal compatibility with all brands and models of agricultural machinery, options for hydraulic and electric steering configurations, and user-friendly 10-inch and 12-inch displays [6] - The partnership focuses on reducing input costs, streamlining field operations, and improving crop yields, thereby supporting farmers in enhancing efficiency and productivity [4] Group 3: Availability and Market Reach - The FP FleetPro aftermarket kits are now available through authorized dealerships of Case IH, New Holland, and STEYR across the Europe, Middle East, and Africa (EMEA) region [7] - CHC Navigation operates in over 140 countries and employs more than 2,000 professionals, establishing itself as a leader in the geospatial industry [8]

Core Insights - CNH is currently in a stronger structural position compared to previous downcycles, indicating a shift in management focus from merely achieving scale to a more strategic approach [1]. Group 1 - The management has noticeably shifted its strategy, emphasizing quality over quantity in operations [1]. - The company has a diverse financial analysis background, with experience across various sectors such as Auto, Industrials, and IT [1]. - The market capitalization of the listed IT company managed by the company is approximately USD 2.5 billion, showcasing its significant market presence [1].