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Japanese maker of tractors and farm machinery, also a major supplier of ductile iron pipes and water infrastructure equipment.
Japanese maker of tractors and farm machinery, also a major supplier of ductile iron pipes and water infrastructure equipment.
Sells machines through dealers and finances them through its own financing arm, with most sales outside Japan and North America the largest region. The pipe and water-infrastructure unit mostly serves Japanese public utilities, whose spending does not follow the farm cycle.
In one line: Japan's Deere & Company, with an added water-infrastructure business.
Moat: narrow (brand, distribution, installed base). Strong dealer network and brand in compact/mid-size tractors, especially in North America.
Headquarters: Osaka, Japan · Founded: 1890 · Employees: 52,503
Size Kubota (6326.T) is a Japan Industrials company (Trucks/Construction/Farm Machinery) with a market value of $18.2B, the 87th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,528 on 6 Nov 2026.
Performance Over six months the shares fell 0.1%, against -13.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 12.5% over the last twelve months (peer median +9.1%); the operating margin is 11.0% (peer median 13.3%).
Valuation It trades at 10.0× forward earnings against a peer median of 13.3× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.2 points below its cost of capital (8.0% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥3.25T | ¥3.02T | ¥3.02T | ¥3.02T | ¥2.68T |
| Revenue growth | — | 0% | 0% | +13% | — |
| Gross profit | ¥984B | ¥884B | ¥928B | ¥876B | ¥686B |
| EBITDA | ¥500B | ¥409B | ¥451B | ¥445B | ¥296B |
| Net income | ¥268B | ¥187B | ¥230B | ¥238B | ¥156B |
| Free cash flow | ¥240B | ¥175B | ¥101B | -¥167B | -¥142B |
| Capital expenditure | ¥173B | ¥186B | ¥214B | ¥172B | ¥170B |
| Total debt | ¥2.26T | ¥2.33T | ¥2.34T | ¥2.05T | ¥1.66T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Kubota 6326.T | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% |
| Deere & DE | $181B | +17% | +8% | 20% | 32.0× | 16.2% |
| CNH Industrial CNH | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% |
| AGCO AGCO | $7.61B | -6% | +1% | 6% | 17.1× | 10.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6326.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.1% | -9.0% | 11th highest of 21 |
| 6-month return | -0.1% | -13.7% | 7th highest of 21 |
| Distance from 52-week high | -21.9% | -30.9% | 9th highest of 21 |
| Revenue growth (TTM) | +12.5% | +9.1% | 10th highest of 21 |
| Operating margin | 11.0% | 13.3% | 7th lowest of 21 |
| Forward P/E | 10.0× | 13.3× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 7.5% | -1.1% | 6th most demanding of 18 |
| Growth delivered (Del g) | +10.3% | +9.6% | 9th highest of 18 |
| Hurdle (Req g minus delivered) | -2.7 pp | -4.1 pp | 9th most demanding of 18 |
| ROIC minus cost of capital | -3.2 pp | +7.2 pp | lowest of 20 |
| EV / EBITDA | 10.2× | 12.4× | 5th cheapest of 12 |
| Net debt / EBITDA | 3.9× | 1.1× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kubota 6326.T | Japan | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% | +10.3% |
| Wartsila Oyj Abp WRT1V.HE | Finland | $17.1B | -25% | -2% | 13% | 23.5× | 7.2% | +8.5% |
| Hd Hyundai Heavy Industries 329180.KS | South Korea | $20.3B | -62% | +41% | 15% | 9.5× | -7.0% | +16.2% |
| Doosan Enerbility 034020.KS | South Korea | $21.1B | -65% | +9% | 5% | 82.3× | 22.7% | +13.2% |
| Metso METSO.HE | Finland | $15.8B | +14% | +8% | 15% | 23.6× | 15.3% | +9.6% |
| CNH Industrial CNH | United States | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% | -7.0% |
| Sany Heavy Industry 6031.HK | Hong Kong | $24.2B | -27% | +25% | 11% | 12.9× | -1.1% | -2.9% |
| Yangzijiang Shipbuilding (Holdings) BS6.SI | Singapore | $13.5B | +11% | +26% | 32% | 8.2× | -10.1% | +11.8% |
| CRRC 1766.HK | Hong Kong | $26.4B | +4% | +7% | 6% | 9.2× | -2.4% | +3.1% |
| XCMG Construction Machinery 000425.SZ | China | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% | +6.4% |
| Hdksoe 009540.KS | South Korea | $12.5B | -48% | +23% | 23% | 4.4× | n/a | n/a |
| Sinotruk Hong Kong 3808.HK | Hong Kong | $12.3B | -12% | +38% | 7% | 9.4× | -3.2% | +1.5% |
| Epiroc EPI-A.ST | Sweden | $28.6B | -10% | +1% | 19% | 29.3× | 16.5% | +11.4% |
| Ashok Leyland ASHOKLEY.NS | India | $10.7B | +1% | +16% | 17% | 24.8× | n/a | n/a |
| Hanwha Ocean 042660.KS | South Korea | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% | +13.2% |
| Komatsu 6301.T | Japan | $32.2B | -12% | +9% | 13% | 13.1× | 9.5% | +13.6% |
| SamsungHvyInd 010140.KS | South Korea | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% | +11.4% |
| Toro TTC | United States | $9.92B | +10% | +5% | 11% | 21.2× | 5.6% | +6.0% |
| China CSSC 600150.SS | China | $39.7B | -16% | +80% | 8% | 13.3× | -7.8% | +22.4% |
| Weir WEIR.L | United Kingdom | $8.18B | -3% | +6% | 18% | 18.1× | 19.3% | +5.5% |
| Mazagon Dock Shipbuilders MAZDOCK.NS | India | $7.87B | -31% | +8% | 15% | 30.5× | n/a | n/a |