CAT

Caterpillar Inc.

$725.24

-0.08% Oct 20 close

IndustrialsS&P 500

1M 3M 6M 1Y 2Y

CATSPY

-6.2%

-10.4%

-18.5%

-9.2%

YTD

+27.4%

+37.4%

Live chart

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What they do

Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers. Its Resource Industries segment provides electric rope and hydraulic shovels.

Industrials · Farm & Heavy Construction Machinery

For information only · Important disclosures

Grades vs sector

Momentum

86th percentile in sector

A-

12-1 return: +41.3%
Percentile within its GICS sector across the S&P 1500.

Growth

86th percentile in sector

A-

Revenue growth (YoY): +24.0%
Percentile within its GICS sector across the S&P 1500.

Value

21st percentile in sector

Forward E/P: 4.5% · EBITDA/EV: 4.3%
Percentile within its GICS sector across the S&P 1500.

Profitability

87th percentile in sector

A-

Profit margin: +14.5% · Return on equity: +57.0%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

ranked 44 of 499 · 12-month momentum 68.6%

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

Coteau Long Book

Not in the current book

News

More news

The S&P 500 Would Be Flat Without Tech Stocks

Barrons.com · 58m ago

How Big Could Caterpillar Stock's Next Fall Be?

Trefis · 2h ago

Oppenheimer Lists Top Industrial Efficiency Stocks Into Q3 Earnings

Investing.com · 5h ago

State Street SPDR Dow Jones (DIA) Sells Goldman Sachs and Caterpillar on Monday

GuruFocus.com · 8h ago

See Which Recent 13F Filers Hold CAT But Englebert Financial Advisers, Sentinel Advisory Group and Sage Capital Management Exited

Nasdaq · 8h ago

Key stats

52-week range$510.79 – $1,062.93

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -2 (DCF counts double).

▼DCF (base case)below the price by 55%

•Piotroski F-score5/9

•Net debt / EBITDA1.9x

Discounted cash flow

Bear

$186

-74%

growth -1% · disc. 10.2% · term. 2.0%

Base

$330

-55%

growth 4% · disc. 9.2% · term. 2.5%

Bull

$525

-28%

growth 7% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Not enough data to run a reverse DCF.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)

sector median 26.4×

–

Forward P/E

sector median 17.1×

–

EV / EBITDA

sector median 14.8×

–

Price / sales

sector median 2.1×

–

Price / book

sector median 3.5×

–

FCF yield

sector median 4.5%

–

Backlog (remaining performance obligations)

RPO

$44.1B

as of 2026-06-30

vs a year ago

+124%

YoY

× TTM revenue

0.59×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-03

26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

34.3%

Operating margin

17.5%

FCF margin

14.3%

Net margin

5.8%

Return on equity

–

Return on invested capital

34.4%

Net debt / EBITDA

1.9×

Current ratio

1.4×

Interest cover

–

Cash conversion (OCF/NI)

3.1×

Piotroski F-score 5/9 · last two fiscal years

✓ Positive net income✗ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FY	Revenue	Net income	Free cash flow
2025	$67.6B	–	$8.9B
2024	$64.8B	–	$10.0B
2023	$67.1B	–	$11.3B
2022	$59.4B	–	$6.5B
2021	$51.0B	–	$6.1B
2020	$41.7B	–	$5.3B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +4.4%.

Earnings

Next report: 2026-10-29 · before open · EPS est 7.03

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-04	6.20	8.17	+31.8%
2026-04-30	4.64	5.54	+19.3%
2026-01-29	4.71	5.16	+9.5%
2025-10-29	4.52	4.95	+9.4%
2025-08-05	4.90	4.72	-3.7%
2025-04-30	4.34	4.25	-2.2%
2025-01-30	5.03	5.14	+2.2%
2024-10-30	5.35	5.17	-3.4%

Insider trades

Creed Joseph E