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Private company

CNH Industrial Capital LLC

American miscellaneous business credit institution company based in Wilmington2

In its 2026 annual report the company says: “We also provide financing products related to new and used equipment manufactured by entities other than CNH North America, as well as financing for the purchase of parts, service, rentals, implements and attachments from CNH North America dealers which may or may not be manufactured or provided by CNH North America.”4

Last updated Oct 21, 2026.

Overview

  • IndustryMiscellaneous Business Credit Institution2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address1 Cnh Way, Waterford, Wi 531853
  • Filer categoryNon-accelerated filer3
  • Legal formLimited Liability Company2
  • LEI549300PNSJ5B81UMVO282
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 29142042

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CNH Industrial Capital LLC (together with its consolidated subsidiaries, “CNH Capital,” the “Company” or “we”) is an indirect wholly-owned subsidiary of CNH Industrial N.V. (“CNH N.V.” and together with its consolidated subsidiaries, “CNH”) and is headquartered in Waterford, Wisconsin. As a captive finance company, our primary business is to underwrite and manage financing products for end-use customers and dealers of CNH Industrial America LLC (“CNH America”) and CNH Industrial Canada Ltd. (“CNH Canada” and, together with CNH America, “CNH North America”) and provide other related financial products and services to support the sale of agricultural and construction equipment sold by CNH North America. We also provide financing products related to new and used equipment manufactured by entities other than CNH North America, as well as financing for the purchase of parts, service, rentals,…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

17.9%Net margin5
0.6%Revenue growth, 20255
14.6%Return on equity5
4.98×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs26¢$345.6M
  • Interest50¢$662.1M
  • Income tax6¢$80.0M
  • Profit18¢$236.9M

Out of $1.3B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid48¢$240.0M
  • Kept or used elsewhere52¢$264.7M

Out of $504.7M of cash from operations.5

Financial statements

Revenue67895$1.3B in 2025+47% since 2019
0$500.0M$1.0B$1.5B2019: $900.9M$900.9M20192020: $844.4M$844.4M2020−6%2021: $789.2M$789.2M2021−7%2022: $791.8M$791.8M2022+0%2023: $1.1B$1.1B2023+35%2024: $1.3B$1.3B2024+23%2025: $1.3B$1.3B2025+1%
Net income67895$236.9M in 2025+59% since 2019
0$100.0M$200.0M$300.0M2019: $149.0M$149.0M20192020: $143.3M$143.3M2020−4%2021: $230.2M$230.2M2021+61%2022: $219.1M$219.1M2022−5%2023: $215.1M$215.1M2023−2%2024: $246.7M$246.7M2024+15%2025: $236.9M$236.9M2025−4%
Fiscal year2019202020212022202320242025
Revenue$900.9M6$844.4M7$789.2M8$791.8M9$1.1B5$1.3B5$1.3B5
Operating expenses$293.3M8$260.0M9$261.4M5$296.2M5$345.6M5
Interest$347.3M6$280.0M7$195.8M8$241.8M9$534.2M5$706.0M5$662.1M5
Income before tax$300.1M8$290.0M9$277.0M5$314.3M5$316.8M5
Income tax$44.2M6$43.5M7$69.9M8$70.9M9$62.0M5$67.6M5$80.0M5
Net income$149.0M6$143.3M7$230.2M8$219.1M9$215.1M5$246.7M5$236.9M5

Compare CNH Industrial Capital LLC with another company

Corporate structure

CNH Industrial Capital LLC is part of a group headed by CNH Industrial. 76 entities, 23 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • CNH Industrial Basildon, United Kingdom
    • CNH Industrial (Canada) 100% · Ottawa, Ontario, Canada
    • CNH Industrial Capital LLC 100% · Wilmington, Delaware, United States
    • FPT Subsidiary · 100% · Turin, Italy
    • Heuliez Bus Subsidiary · 100% · Mauléon, France
    • Iveco Subsidiary · 100% · Turin, Italy
    • New Holland Construction Subsidiary · 100% · Torino
    • Iveco Czech Republic Subsidiary · 97.84% · Vysoké Mýto, Czechia
    • Magirus GmbH Subsidiary · 94% · Ulm, Germany
    • Nanjing Vehicle Subsidiary · 50% · Nanjing, People's Republic of China
    • Astra Subsidiary · Piacenza
    • Braud Subsidiary · Saint-Mars-la-Jaille
    • Case IH Subsidiary · Racine
    • CNH Industrial (Belgium) Subsidiary · Zedelgem, Belgium
    • Steyr Tractor Subsidiary · Sankt Valentin
    • Usine CNH Industrial de Croix Subsidiary · Croix
    • "CNH INDUSTRIAL POLSKA" SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Subsidiary · 100% · Płock, Poland
    • CNH Argentina S.A. Subsidiary · 100% · Buenos Aires, Argentina
    • CNH CAPITAL OPERATING LEASE EQUIPMENT RECEIVABLES LLC Subsidiary · 100% · Wilmington, Delaware, United States
    • CNH CAPITAL RECEIVABLES LLC Subsidiary · 100% · Wilmington, Delaware, United States
    • CNH COMPONENTES SA DE CV Subsidiary · 100% · Queretaro, Mexico
    • CNH INDUSTRIAL AMERICA LLC Subsidiary · 100% · Wilmington, Delaware, United States
    • CNH INDUSTRIAL ASIAN HOLDING LIMITED Subsidiary · 100% · Zedelgem, Belgium
    • CNH INDUSTRIAL AUSTRALIA PTY LIMITED Subsidiary · 100% · St Marys, Australia
      • CNH INDUSTRIAL CAPITAL AUSTRALIA PTY. LIMITED Subsidiary · 100% · St Marys, Australia
    • CNH INDUSTRIAL BRASIL LTDA. Subsidiary · 100% · Contagem, Brazil
    • CNH INDUSTRIAL CAPITAL AMERICA LLC Subsidiary · 100% · Wilmington, Delaware, United States
    • and 38 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What CNH Industrial Capital LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$62.9M5 Dec 31, 2025$53.2M5 Dec 31, 2024+18.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$353.1M5 Dec 31, 2025$446.9M5 Dec 31, 2024−21.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$108.3M5 Dec 31, 2025$107.1M5 Dec 31, 2024+1.1%

Properties, in its own words

We own an office building in Waterford, Wisconsin and lease office space in New Holland, Pennsylvania and Burlington, Ontario, Canada.

Item 2 of the 10-K filed Feb 26, 2026.4

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • CNH Capital LLCJun 28, 2012 to Jan 27, 20143

Timeline

  1. Jun 25, 20268-K New debt or obligation; Other events16
  2. Jun 23, 20268-K Other events17
  3. Jan 8, 20268-K New debt or obligation; Other events18
  4. Jan 6, 20268-K Other events19
  5. Sep 30, 20258-K New debt or obligation; Other events20
  6. Sep 26, 20258-K Other events21
  7. Jun 5, 20258-K New debt or obligation; Other events22
  8. Jun 3, 20258-K Other events23
  9. Mar 21, 20258-K New debt or obligation; Other events24
  10. Mar 19, 20258-K Other events25
  11. Oct 10, 20248-K New debt or obligation; Other events26
  12. Oct 9, 20248-K New debt or obligation; Other events27
  13. Jun 29, 1998Parent Directly consolidated by CNH Industrial2
  14. Jun 29, 1998Founded CNH Industrial Capital LLC is founded2

Calendar

When it reported results

  1. Feb 24, 2023Reported quarterly or annual results28

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

85 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 32 major events, 32 other. The latest 20:

  1. Aug 3, 202610-Q EDGAR
  2. Jun 25, 20268-K EDGAR
  3. Jun 23, 2026424B2 EDGAR
  4. Jun 23, 20268-K EDGAR
  5. Jun 22, 2026FWP EDGAR
  6. Jun 22, 2026424B5 EDGAR
  7. Apr 30, 202610-Q EDGAR
  8. Feb 26, 202610-K EDGAR
  9. Jan 8, 20268-K EDGAR
  10. Jan 7, 2026424B2 EDGAR
  11. Jan 6, 20268-K EDGAR
  12. Jan 6, 2026FWP EDGAR
  13. Jan 6, 2026424B5 EDGAR
  14. Nov 7, 202510-Q EDGAR
  15. Sep 30, 20258-K EDGAR
  16. Sep 26, 2025424B2 EDGAR
  17. Sep 26, 20258-K EDGAR
  18. Sep 25, 2025FWP EDGAR
  19. Sep 25, 2025424B5 EDGAR
  20. Aug 4, 202510-Q EDGAR

The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How CNH Industrial Capital LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCNH Industrial Capital LLC1
  • CIK0001552493
  • Employer ID (EIN)39-19376304
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6159 Miscellaneous Business Credit Institution1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address1 Cnh Way, Waterford, WI 531851
  • Phone262.636.60111
  • Shares outstanding0 as of Jun 30, 202610
  • Public float$0 as of Dec 31, 20255
  • AuditorDELOITTE & TOUCHE LLP, Chicago, IL PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 28, 20121
  • Filings236 in all: 8-K (86), 10-Q (42), 424B2 (18), 424B5 (18), FWP (18), 10-K (14), CORRESP (7), 424B3 (6)1
    All 17 form types

    EFFECT (6), S-4 (6), UPLOAD (4), S-4/A (3), 10-Q/A (2), F-3ASR (2), S-3ASR (2), 305B2 (1), 8-A12G (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 3, 2026
    Latest 8-K (8-K) Jun 25, 2026

Risk factors and legal proceedings

The risks CNH Industrial Capital LLC names in Item 1A of its 10-K filed Feb 26, 2026: 31 risks under these headings, as written.4

  • Risks Related to Our Indebtedness and Liquidity
  • Credit rating changes could affect our access to funding and our cost of funds, which could in turn adversely affect our financial condition and results of operations.
  • We have significant outstanding indebtedness, which may limit our ability to obtain additional funding and may limit our financial and operating flexibility.
  • Restrictive covenants in our debt agreements could limit our financial and operating flexibility.
  • Risks Related to Our Business, Strategy and Operations
  • Reduced demand for agricultural and construction equipment would reduce the opportunities for us to finance equipment.
  • We are subject to interest rate risks, and changes in interest rates could reduce demand for CNH North America equipment, adversely affect our interest margins, and limit access to capital markets while increasing borrowing costs.
  • Change in support from CNH North America could reduce our ability to offer competitively priced financing, which may have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • An increase in dealer or end-use customer credit risk may result in higher delinquencies and defaults, and deterioration in collateral valuation may reduce our collateral recoveries, which could increase losses on our receivables and operating leases and adversely affect our financial condition and results of operations.
  • Changes in interest rates, exchange rates and market liquidity could have a material adverse effect on our earnings and cash flows.
  • Our models could fail to properly anticipate and manage risk.
  • Our processes and procedures could fail to properly account for and mitigate fraud risk.
The other 21 risks
  • Changes in government monetary or fiscal policies may negatively impact our results.
  • If we are unable to obtain funding, in particular through the ABS market and committed asset-backed facilities, at competitive rates, our ability to conduct our financing business may be severely impaired and our financial condition, results of operations and cash flows may be materially and adversely affected.
  • If we breach our representations and warranties in connection with our ABS transactions, we may be required to repurchase non-conforming receivables from the securitization vehicles, which could have an adverse effect on our financial condition, results of operations and cash flows.
  • Certain of our operations are subject to supervision and regulation by governmental authorities and changes in applicable laws or regulations may adversely impact our ability to engage in related business activities, increase the cost of our operations, or reduce our revenues, thus adversely affecting our business, financial condition and results of operations.
  • New regulations or changes in financial services regulations could adversely impact us.
  • Our business may be affected by climate-related risks, unfavorable weather conditions or other calamities.
  • Global economic conditions, including the agricultural market business cycle, impact our business.
  • International trade policies can affect demand for CNH North America’s products and reduce the opportunities for us to finance equipment.
  • Changes in demand for food and alternative energy sources could impact our revenues.
  • Competitive activity or failure by us to respond to actions by our competitors could adversely affect our results of operations, in particular due to a cost of funds disparity between us and some of our competitors.
  • Our ability to execute our strategy depends upon our ability to attract, develop and retain qualified personnel.
  • A decrease in the value of the equipment that we lease or higher than expected return volumes of our leased equipment could adversely affect our results.
  • Our results of operations may be adversely impacted by various types of claims, lawsuits, and other contingent obligations.
  • Our affiliates may cease to provide us with financing support.
  • Our participation in cash management pools exposes us to CNH credit risk, which, in the event of a bankruptcy or insolvency of certain CNH entities, could render us unable to recover our deposits, materially and adversely affecting our financial condition and results of operations.
  • Cybersecurity breaches or IT system disruptions could impair operations, compromise data, and result in legal, financial, or reputational harm.
  • Our information technology systems may be susceptible to cybersecurity threats, failures, and other disruptions.
  • Disruptions or failures in our technology systems could adversely affect our business.
  • Our operations are subject to risks associated with our use of third-party service providers.
  • Technology platform changes and new product implementations could disrupt operations and adversely affect our business.
  • Changes in privacy laws could disrupt our business.

Legal proceedings

CNH Capital is party to various litigation matters and claims arising from its operations. Management believes that the outcome of these proceedings, individually and in the aggregate, will not have a material adverse effect on CNH Capital’s financial condition or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
  18. 18
  19. 19
    SEC EDGAROther events
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  21. 21
    SEC EDGAROther events
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    SEC EDGAROther events
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  25. 25
    SEC EDGAROther events
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  27. 27
  28. 28