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Italian maker of gearboxes and driveline systems supplying agricultural and construction equipment manufacturers.
Italian maker of gearboxes and driveline systems supplying agricultural and construction equipment manufacturers.
Sells to equipment makers rather than to farmers or contractors: each gearbox is engineered to a specific machine model and approved by the maker, so orders follow the makers' production plans and switching supplier is slow. Agricultural and construction machinery are the main outlets, with wind turbine gearboxes a smaller line.
In one line: A niche Italian driveline/gearbox supplier to farm and construction OEMs.
Moat: narrow (process know-how, customer qualification). Engineering customization and OEM qualification make switching suppliers costly.
Headquarters: Reggiolo, Italy · Founded: 1970 · Employees: 3,226
Size Comer Industries (COM.MI) is an Italy Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.43B, the 71st largest of 123 Italy companies the cockpit tracks. Shares closed at €44.40 on 6 Nov 2026.
Performance Over six months the shares fell 17.8%, against -18.1% for the median peer and +3.1% for the Italy market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 30.8% over the last twelve months (peer median +7.4%); the operating margin is 10.1% (peer median 11.9%).
Valuation It trades at 13.5× forward earnings against a peer median of 16.6× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points above its cost of capital (7.5% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.12B | €894M | €942M | €1.22B | €1.24B |
| Revenue growth | — | -5% | -23% | -1% | — |
| Gross profit | €199M | €157M | €166M | €257M | €237M |
| EBITDA | €173M | €135M | €146M | €200M | €174M |
| Net income | €71.3M | €61.3M | €67.2M | €94.0M | €90.7M |
| Free cash flow | €77.7M | €75.9M | €53.3M | €165M | €63.4M |
| Capital expenditure | €46.7M | €40.4M | €61.5M | €42.3M | €33.9M |
| Total debt | n/a | €214M | €158M | €163M | €300M |
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 |
|---|---|---|---|---|---|---|
| Comer Industries COM.MI | $1.43B | -18% | +31% | 10% | 13.5× | 3.1% |
| Dana DAN | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% |
| Twin Disc TWIN | $332M | +19% | +12% | 5% | 30.9× | 5.7% |
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 | COM.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.8% | -4.5% | 8th highest of 21 |
| 6-month return | -17.8% | -18.1% | 10th highest of 21 |
| Distance from 52-week high | -22.4% | -40.1% | 7th highest of 21 |
| Revenue growth (TTM) | +30.8% | +7.4% | 4th highest of 21 |
| Operating margin | 10.1% | 11.9% | 10th lowest of 21 |
| Forward P/E | 13.5× | 16.6× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 3.1% | 8.5% | 6th least demanding of 16 |
| Growth delivered (Del g) | +17.7% | +12.3% | 4th highest of 16 |
| Hurdle (Req g minus delivered) | -14.6 pp | -5.1 pp | 3rd least demanding of 16 |
| ROIC minus cost of capital | +2.4 pp | +0.8 pp | 10th highest of 21 |
| EV / EBITDA | 8.5× | 10.0× | 4th cheapest of 10 |
| Net debt / EBITDA | 0.7× | -0.4× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Comer Industries COM.MI | Italy | $1.43B | -18% | +31% | 10% | 13.5× | 3.1% | +17.7% |
| Weichai Heavy Machinery 000880.SZ | China | $1.44B | -33% | +58% | 2% | n/a | 6.8% | +13.1% |
| Hengbo 301225.SZ | China | $1.41B | -11% | +69% | 7% | 85.7× | n/a | n/a |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 29.0× | 29.6% | +21.7% |
| Hanwha Engine 082740.KS | South Korea | $1.50B | -72% | +3% | 12% | 10.9× | -0.3% | +10.6% |
| Bestway Marine & Energy Technology 300008.SZ | China | $1.51B | -29% | +1% | 8% | 30.6× | 14.5% | +54.0% |
| Ingersoll-Rand (India) INGERRAND.NS | India | $1.33B | -13% | +8% | 23% | 41.2× | 34.1% | +17.6% |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | n/a | 57.1% | +113.9% |
| Alimak ALIG.ST | Sweden | $1.31B | +13% | -2% | 15% | 16.6× | 8.5% | +12.9% |
| Lonking 3339.HK | Hong Kong | $1.57B | -14% | +22% | 12% | 7.0× | n/a | n/a |
| Greenbrier Companies GBX | United States | $1.29B | -18% | -24% | 4% | 13.0× | n/a | n/a |
| KTK 603680.SS | China | $1.28B | -24% | -16% | 17% | n/a | -6.0% | +2.3% |
| Namura Shipbuilding 7014.T | Japan | $1.62B | -9% | +7% | 19% | 9.9× | -3.1% | +10.1% |
| Alamo ALG | United States | $1.63B | -18% | +2% | 7% | 11.6× | 7.0% | +6.6% |
| Austal ASB.AX | Australia | $1.23B | 0% | +11% | -7% | 18.1× | n/a | n/a |
| Asian Star Anchor Chain 601890.SS | China | $1.22B | -23% | +2% | 13% | 19.6× | 10.7% | +13.5% |
| Xinjiang Machinery Research Institute 300159.SZ | China | $1.21B | -28% | +28% | -40% | n/a | n/a | n/a |
| Wacker Neuson WAC.DE | Germany | $1.71B | +20% | +14% | 7% | 13.4× | 1.5% | +6.6% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 15.4× | 2.2% | +12.3% |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | n/a | 36.1% | +4.4% |
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 22.8× | 22.1% | +6.1% |