(CAT) Caterpillar - Ratings and Ratios
Excavators, Loaders, Dozers, Engines, Locomotives
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 28.5% |
| Value at Risk 5%th | 42.1% |
| Relative Tail Risk | -10.04% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.24 |
| Alpha | 32.28 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.448 |
| Beta | 1.100 |
| Beta Downside | 1.139 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.05% |
| Mean DD | 8.11% |
| Median DD | 6.17% |
Description: CAT Caterpillar September 24, 2025
Caterpillar Inc. (NYSE: CAT) designs, manufactures, and sells a broad portfolio of heavy-equipment products, including construction and mining machinery, off-highway diesel and natural-gas engines, industrial gas turbines, and diesel-electric locomotives, serving customers in the United States and globally.
The company operates through four primary segments: (1) **Construction Industries**, which offers asphalt pavers, excavators, loaders, telehandlers and related parts; (2) **Resource Industries**, providing electric rope shovels, draglines, mining trucks, autonomous-ready vehicles, and associated services; (3) **Energy & Transportation**, delivering generator sets, turbines, compressors, drivetrain systems, and rail-related products; and (4) **Financial Products**, which finances equipment sales via leases, loans, and insurance solutions. A fifth “All Other” segment adds wear components, logistics, dealer management, and digital services.
Key performance indicators from recent filings show CAT generated **$53 billion in revenue for FY 2023**, with an **operating margin of ~12%** and an **order backlog of roughly $30 billion**, underscoring the cyclical but sizable demand for capital-intensive equipment. The segment’s earnings are highly sensitive to **global construction spending**, which is driven by government infrastructure programs (e.g., the U.S. Bipartisan Infrastructure Law) and **commodity price cycles** that affect mining investment. Additionally, CAT’s **financial services arm contributes about 15% of total operating profit**, providing a relatively stable cash-flow buffer during downturns in equipment sales.
For a deeper dive into CAT’s valuation metrics and scenario analysis, the ValueRay platform offers a structured framework worth exploring.
CAT Stock Overview
| Market Cap in USD | 259,326m |
| Sub-Industry | Construction Machinery & Heavy Transportation Equipment |
| IPO / Inception | 1962-01-02 |
| Return 12m vs S&P 500 | 27.7% |
| Analyst Rating | 3.89 of 5 |
CAT Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 1.06% |
| Yield on Cost 5y | 3.68% |
| Yield CAGR 5y | 7.10% |
| Payout Consistency | 51.5% |
| Payout Ratio | 30.9% |
CAT Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 36.00% |
| CAGR/Max DD Calmar Ratio | 1.06 |
| CAGR/Mean DD Pain Ratio | 4.44 |
| Current Volume | 2864.4k |
| Average Volume | 2574.8k |
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (9.26b TTM) > 0 and > 6% of Revenue (6% = 3.88b TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA -1.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 21.38% (prev 19.38%; Δ 2.00pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 11.54b > Net Income 9.26b (YES >=105%, WARN >=100%) |
| Net Debt (24.74b) to EBITDA (14.66b) ratio: 1.69 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.38 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (470.8m) change vs 12m ago -3.27% (target <= -2.0% for YES) |
| Gross Margin 33.93% (prev 35.84%; Δ -1.91pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 71.86% (prev 76.11%; Δ -4.25pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 18.88 (EBITDA TTM 14.66b / Interest Expense TTM 659.0m) >= 6 (WARN >= 3) |
Altman Z'' 5.13
| (A) 0.15 = (Total Current Assets 49.82b - Total Current Liabilities 35.99b) / Total Assets 93.72b |
| (B) 0.69 = Retained Earnings (Balance) 64.46b / Total Assets 93.72b |
| (C) 0.14 = EBIT TTM 12.44b / Avg Total Assets 90.00b |
| (D) 0.94 = Book Value of Equity 68.96b / Total Liabilities 73.06b |
| Total Rating: 5.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 67.61
| 1. Piotroski 5.50pt |
| 2. FCF Yield 3.34% |
| 3. FCF Margin 14.66% |
| 4. Debt/Equity 1.56 |
| 5. Debt/Ebitda 1.69 |
| 6. ROIC - WACC (= 6.68)% |
| 7. RoE 48.20% |
| 8. Rev. Trend -13.74% |
| 9. EPS Trend -0.87% |
What is the price of CAT shares?
Over the past week, the price has changed by -0.65%, over one month by +4.91%, over three months by +32.09% and over the past year by +43.44%.
Is CAT a buy, sell or hold?
- Strong Buy: 11
- Buy: 3
- Hold: 14
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CAT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 577.7 | 4.9% |
| Analysts Target Price | 577.7 | 4.9% |
| ValueRay Target Price | 730.3 | 32.7% |
CAT Fundamental Data Overview November 15, 2025
P/E Trailing = 28.4163
P/E Forward = 26.178
P/S = 4.0099
P/B = 12.9949
P/EG = 1.9867
Beta = 1.562
Revenue TTM = 64.67b USD
EBIT TTM = 12.44b USD
EBITDA TTM = 14.66b USD
Long Term Debt = 27.45b USD (from longTermDebt, last fiscal year)
Short Term Debt = 4.54b USD (from shortTermDebt, last quarter)
Debt = 32.28b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 24.74b USD (from netDebt column, last quarter)
Enterprise Value = 284.07b USD (259.33b + Debt 32.28b - CCE 7.54b)
Interest Coverage Ratio = 18.88 (Ebit TTM 12.44b / Interest Expense TTM 659.0m)
FCF Yield = 3.34% (FCF TTM 9.48b / Enterprise Value 284.07b)
FCF Margin = 14.66% (FCF TTM 9.48b / Revenue TTM 64.67b)
Net Margin = 14.32% (Net Income TTM 9.26b / Revenue TTM 64.67b)
Gross Margin = 33.93% ((Revenue TTM 64.67b - Cost of Revenue TTM 42.73b) / Revenue TTM)
Gross Margin QoQ = 33.82% (prev 32.96%)
Tobins Q-Ratio = 3.03 (Enterprise Value 284.07b / Total Assets 93.72b)
Interest Expense / Debt = 1.07% (Interest Expense 346.0m / Debt 32.28b)
Taxrate = 26.67% (836.0m / 3.13b)
NOPAT = 9.12b (EBIT 12.44b * (1 - 26.67%))
Current Ratio = 1.38 (Total Current Assets 49.82b / Total Current Liabilities 35.99b)
Debt / Equity = 1.56 (Debt 32.28b / totalStockholderEquity, last quarter 20.66b)
Debt / EBITDA = 1.69 (Net Debt 24.74b / EBITDA 14.66b)
Debt / FCF = 2.61 (Net Debt 24.74b / FCF TTM 9.48b)
Total Stockholder Equity = 19.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.88% (Net Income 9.26b / Total Assets 93.72b)
RoE = 48.20% (Net Income TTM 9.26b / Total Stockholder Equity 19.22b)
RoCE = 26.66% (EBIT 12.44b / Capital Employed (Equity 19.22b + L.T.Debt 27.45b))
RoIC = 15.73% (NOPAT 9.12b / Invested Capital 58.02b)
WACC = 9.04% (E(259.33b)/V(291.60b) * Re(10.07%) + D(32.28b)/V(291.60b) * Rd(1.07%) * (1-Tc(0.27)))
Discount Rate = 10.07% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.64%
[DCF Debug] Terminal Value 70.85% ; FCFE base≈9.54b ; Y1≈9.34b ; Y5≈9.51b
Fair Price DCF = 258.2 (DCF Value 120.98b / Shares Outstanding 468.5m; 5y FCF grow -3.03% → 3.0% )
EPS Correlation: -0.87 | EPS CAGR: 9.47% | SUE: 1.20 | # QB: 1
Revenue Correlation: -13.74 | Revenue CAGR: 2.24% | SUE: 3.88 | # QB: 2
Additional Sources for CAT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle