(CAT) Caterpillar - Ratings and Ratios

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

Excavators, Loaders, Engines, Generators, Locomotives

Construction Machinery & Heavy Transportation Equipment
Market Cap in USD: 284,896m

IPO / Inception: 1962-01-02
12m vs SPY: 45.5%

EPS (Earnings per Share)

EPS CAGR: 17.66%
EPS Trend: 69.8%

Last SUE: 1.22
Qual. Beats: 1

Revenue

Rev. CAGR: 6.77%
Rev. Trend: 56.7%

Last SUE: 3.88
Qual. Beats: 2

Dividends

Dividend Yield	1.50%
Yield on Cost 5y	4.14%
Yield CAGR 5y	8.08%
Payout Consistency	51.9%
Payout Ratio	31.2%

Risk via 5d forecast
Volatility	28.5%
Value at Risk 5%th	42.6%
Relative Tail Risk	-8.94%

Reward TTM
Sharpe Ratio	1.76
Alpha	56.56
CAGR/Max DD	1.18

Character TTM
Hurst Exponent	0.418
Beta	1.137
Beta Downside	1.174

Drawdowns 3y
Max DD	34.05%
Mean DD	8.22%
Median DD	6.56%

Description: CAT Caterpillar December 02, 2025

Caterpillar Inc. (NYSE: CAT) designs, manufactures, and sells a broad portfolio of heavy-equipment products-including construction machinery, mining gear, off-highway diesel and natural-gas engines, industrial gas turbines, and diesel-electric locomotives-through four operating segments: Construction Industries, Resource Industries, Energy & Transportation, and Financial Products, plus ancillary services in its All Other segment.

In FY 2023 the company generated $53.8 billion in revenue, with the Construction and Resource Industries segments together accounting for roughly 70 % of sales. Backlog levels remain near $20 billion, reflecting strong demand for autonomous-ready mining trucks and the ongoing U.S. infrastructure spending surge, while the Financial Products segment contributes about 15 % of operating profit and cushions cyclical swings in equipment orders. Free cash flow for Q3 FY 2024 was $2.5 billion, supporting a dividend yield near 2.5 % and ongoing share-repurchase programs.

For a deeper quantitative assessment, see the CAT analysis on ValueRay.

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 (34.00b) to EBITDA (14.66b) ratio: 2.32 <= 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

(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) 74.23

1. Piotroski 5.50pt

2. FCF Yield 2.97%

3. FCF Margin 14.66%

4. Debt/Equity 2.01

5. Debt/Ebitda 2.32

6. ROIC - WACC (= 6.56)%

7. RoE 48.20%

8. Rev. Trend 56.72%

9. EPS Trend 69.79%

What is the price of CAT shares?

As of January 15, 2026, the stock is trading at USD 638.75 with a total of 2,100,088 shares traded.
Over the past week, the price has changed by +7.08%, over one month by +8.31%, over three months by +21.44% and over the past year by +74.53%.

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	605.2	-5.3%
Analysts Target Price	605.2	-5.3%
ValueRay Target Price	913.7	43%

CAT Fundamental Data Overview January 10, 2026

P/E Trailing = 31.2503
P/E Forward = 27.027
P/S = 4.4053
P/B = 13.5134
P/EG = 2.0514
Revenue TTM = 64.67b USD
EBIT TTM = 12.44b USD
EBITDA TTM = 14.66b USD
Long Term Debt = 27.74b USD (from longTermDebt, last quarter)
Short Term Debt = 13.80b USD (from shortTermDebt, last quarter)
Debt = 41.53b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 34.00b USD (from netDebt column, last quarter)
Enterprise Value = 318.89b USD (284.90b + Debt 41.53b - CCE 7.54b)
Interest Coverage Ratio = 18.88 (Ebit TTM 12.44b / Interest Expense TTM 659.0m)
EV/FCF = 33.63x (Enterprise Value 318.89b / FCF TTM 9.48b)
FCF Yield = 2.97% (FCF TTM 9.48b / Enterprise Value 318.89b)
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 = 3.40 (Enterprise Value 318.89b / Total Assets 93.72b)
Interest Expense / Debt = 0.83% (Interest Expense 346.0m / Debt 41.53b)
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 = 2.01 (Debt 41.53b / totalStockholderEquity, last quarter 20.66b)
Debt / EBITDA = 2.32 (Net Debt 34.00b / EBITDA 14.66b)
Debt / FCF = 3.58 (Net Debt 34.00b / FCF TTM 9.48b)
Total Stockholder Equity = 19.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.29% (Net Income 9.26b / Total Assets 93.72b)
RoE = 48.20% (Net Income TTM 9.26b / Total Stockholder Equity 19.22b)
RoCE = 26.50% (EBIT 12.44b / Capital Employed (Equity 19.22b + L.T.Debt 27.74b))
RoIC = 15.45% (NOPAT 9.12b / Invested Capital 59.06b)
WACC = 8.89% (E(284.90b)/V(326.43b) * Re(10.10%) + D(41.53b)/V(326.43b) * Rd(0.83%) * (1-Tc(0.27)))
Discount Rate = 10.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.64%
[DCF Debug] Terminal Value 74.54% ; FCFF base≈9.54b ; Y1≈9.34b ; Y5≈9.48b
Fair Price DCF = 232.2 (EV 142.67b - Net Debt 34.00b = Equity 108.67b / Shares 468.0m; r=8.89% [WACC]; 5y FCF grow -3.03% → 2.90% )
EPS Correlation: 69.79 | EPS CAGR: 17.66% | SUE: 1.22 | # QB: 1
Revenue Correlation: 56.72 | Revenue CAGR: 6.77% | SUE: 3.88 | # QB: 2
EPS next Quarter (2026-03-31): EPS=4.45 | Chg30d=+0.048 | Revisions Net=+3 | Analysts=16
EPS next Year (2026-12-31): EPS=22.39 | Chg30d=+0.108 | Revisions Net=+4 | Growth EPS=+19.9% | Growth Revenue=+7.3%

Additional Sources for CAT Stock

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