Overview Dividends

(CAT) Caterpillar - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US1491231015

Excavators, Loaders, Dozers, Engines, Locomotives

CAT EPS (Earnings per Share)

EPS Growth (3Y CAGR): 9.47%
EPS Trend (3Y Correlation): 1.1%

CAT Revenue

Revenue Growth (3Y CAGR): 2.24%
Revenue Trend (3Y Correlation): -13.7%

Risk via 10d forecast
Volatility	31.2%
Value at Risk 5%th	42.5%

Reward
Sharpe Ratio	1.25
Alpha Jensen	18.51

Character
Hurst Exponent	0.324
Beta	1.562

Drawdowns 3y
Max DD	34.05%
Mean DD	8.07%

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	263,800m
Sub-Industry	Construction Machinery & Heavy Transportation Equipment
IPO / Inception	1962-01-02
Return 12m vs S&P 500	25.9%
Analyst Rating	3.89 of 5

CAT Dividends

Dividend Yield	1.03%
Yield on Cost 5y	3.74%
Yield CAGR 5y	7.10%
Payout Consistency	51.5%
Payout Ratio	30.7%

CAT Growth Ratios

CAGR	36.99%
CAGR/Max DD Calmar Ratio	1.09
CAGR/Mean DD Pain Ratio	4.58
Current Volume	1507.1k
Average Volume	2619.4k

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 (14.65b) 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 18.87 (EBITDA TTM 14.65b / 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

(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) 65.76

1. Piotroski 5.50pt = 0.50

2. FCF Yield 3.29% = 1.64

3. FCF Margin 14.66% = 3.67

4. Debt/Equity 1.56 = 1.39

5. Debt/Ebitda 1.69 = 0.61

6. ROIC - WACC (= 5.14)% = 6.43

7. RoE 48.20% = 2.50

8. Rev. Trend -13.74% = -1.03

9. EPS Trend 1.07% = 0.05

What is the price of CAT shares?

As of November 12, 2025, the stock is trading at USD 567.93 with a total of 1,507,136 shares traded.
Over the past week, the price has changed by +3.72%, over one month by +12.84%, over three months by +39.41% and over the past year by +45.41%.

Is Caterpillar a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Caterpillar (NYSE:CAT) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 65.76 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CAT is around 664.81 USD . This means that CAT is currently undervalued and has a potential upside of +17.06% (Margin of Safety).

Is CAT a buy, sell or hold?

Caterpillar has received a consensus analysts rating of 3.89. Therefore, it is recommended to buy CAT.

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	576	1.4%
Analysts Target Price	576	1.4%
ValueRay Target Price	755	32.9%

CAT Fundamental Data Overview November 09, 2025

Market Cap USD = 263.80b (263.80b USD * 1.0 USD.USD)
P/E Trailing = 28.9066
P/E Forward = 23.2019
P/S = 4.0791
P/B = 12.3156
P/EG = 2.1242
Beta = 1.562
Revenue TTM = 64.67b USD
EBIT TTM = 12.43b USD
EBITDA TTM = 14.65b 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 = 288.54b USD (263.80b + Debt 32.28b - CCE 7.54b)
Interest Coverage Ratio = 18.87 (Ebit TTM 12.43b / Interest Expense TTM 659.0m)
FCF Yield = 3.29% (FCF TTM 9.48b / Enterprise Value 288.54b)
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 = 3.08 (Enterprise Value 288.54b / 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 12.43b * (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 14.65b)
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 = 26.64% (EBIT 12.43b / Capital Employed (Equity 19.22b + L.T.Debt 27.45b))
RoIC = 15.72% (NOPAT 9.12b / Invested Capital 58.02b)
WACC = 10.57% (E(263.80b)/V(296.08b) * Re(11.77%) + D(32.28b)/V(296.08b) * Rd(1.07%) * (1-Tc(0.27)))
Discount Rate = 11.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.64%
[DCF Debug] Terminal Value 65.45% ; FCFE base≈9.54b ; Y1≈9.34b ; Y5≈9.51b
Fair Price DCF = 208.7 (DCF Value 97.79b / Shares Outstanding 468.5m; 5y FCF grow -3.03% → 3.0% )
EPS Correlation: 1.07 | 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

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle