(CAT) Caterpillar - Overview
Stock: Excavators, Bulldozers, Loaders, Engines, Generators
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.39% |
| Yield on Cost 5y | 3.30% |
| Yield CAGR 5y | 8.08% |
| Payout Consistency | 74.2% |
| Payout Ratio | 31.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 37.5% |
| Relative Tail Risk | -7.83% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.16 |
| Alpha | 87.53 |
| Character TTM | |
|---|---|
| Beta | 1.174 |
| Beta Downside | 1.171 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.05% |
| CAGR/Max DD | 1.35 |
Description: CAT Caterpillar January 28, 2026
Caterpillar Inc. (NYSE: CAT) is a diversified manufacturer of heavy-duty equipment and power systems. Its four core operating segments are: Construction Industries (asphalt pavers, excavators, loaders, etc.); Resource Industries (mining shovels, trucks, autonomous-ready vehicles, and related services); Energy & Transportation (diesel-electric locomotives, generator sets, turbines, compressors); and Financial Products (leasing, financing, insurance). A smaller “All Other” segment provides parts, logistics, dealer services, and digital solutions. The company, founded in 1925 and based in Irving, Texas, serves customers worldwide across construction, mining, energy, and rail markets.
As of the most recent Q3 2024 earnings release, Caterpillar reported consolidated revenue of **$13.5 billion**, a **5 % year-over-year increase** driven primarily by higher demand in its Construction and Resource Industries segments. The **order backlog rose to $71 billion (+6 % YoY)**, indicating a solid pipeline of future shipments. Operating margin improved to **10.2 %**, reflecting cost-control measures despite elevated input-price inflation. Key macro drivers include: (1) U.S. construction spending, which the U.S. Census Bureau estimates grew **3 % YoY** in Q3 2024, supporting equipment sales; (2) global mining activity, buoyed by a **12 % rise in copper prices** since early 2024, which underpins demand for high-productivity shovels and trucks; and (3) continued infrastructure stimulus in Europe and Asia, where government spending on rail and renewable-energy projects is projected to expand **4-5 % annually** through 2026. These factors collectively set a moderately positive near-term outlook, though sensitivity remains to interest-rate cycles and commodity-price volatility.
For a deeper quantitative assessment of CAT’s valuation and risk profile, consider exploring the ValueRay analytics platform.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 8.87b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.37 > 1.0 |
| NWC/Revenue: 23.56% < 20% (prev 20.69%; Δ 2.87% < -1%) |
| CFO/TA 0.12 > 3% & CFO 11.74b > Net Income 8.87b |
| Net Debt (33.35b) to EBITDA (14.86b): 2.24 < 3 |
| Current Ratio: 1.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (469.0m) vs 12m ago -3.64% < -2% |
| Gross Margin: 32.34% > 18% (prev 0.36%; Δ 3198 % > 0.5%) |
| Asset Turnover: 72.54% > 50% (prev 73.84%; Δ -1.30% > 0%) |
| Interest Coverage Ratio: 12.23 > 6 (EBITDA TTM 14.86b / Interest Expense TTM 1.03b) |
Altman Z'' 5.10
| A: 0.16 (Total Current Assets 52.48b - Total Current Liabilities 36.56b) / Total Assets 98.58b |
| B: 0.66 (Retained Earnings 65.45b / Total Assets 98.58b) |
| C: 0.14 (EBIT TTM 12.60b / Avg Total Assets 93.17b) |
| D: 0.92 (Book Value of Equity 70.86b / Total Liabilities 77.27b) |
| Altman-Z'' Score: 5.10 = AAA |
Beneish M -2.87
| DSRI: 1.10 (Receivables 21.57b/18.85b, Revenue 67.59b/64.81b) |
| GMI: 1.11 (GM 32.34% / 35.99%) |
| AQI: 0.96 (AQ_t 0.31 / AQ_t-1 0.33) |
| SGI: 1.04 (Revenue 67.59b / 64.81b) |
| TATA: -0.03 (NI 8.87b - CFO 11.74b) / TA 98.58b) |
| Beneish M-Score: -2.87 (Cap -4..+1) = A |
What is the price of CAT shares?
Over the past week, the price has changed by +5.11%, over one month by +19.69%, over three months by +27.51% and over the past year by +102.72%.
Is CAT a buy, sell or hold?
- StrongBuy: 11
- Buy: 3
- Hold: 14
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CAT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 686.2 | -5.5% |
| Analysts Target Price | 686.2 | -5.5% |
| ValueRay Target Price | 1041 | 43.4% |
CAT Fundamental Data Overview February 07, 2026
P/E Forward = 30.9598
P/S = 4.7016
P/B = 15.1871
P/EG = 1.9081
Revenue TTM = 67.59b USD
EBIT TTM = 12.60b USD
EBITDA TTM = 14.86b USD
Long Term Debt = 30.70b USD (from longTermDebt, last quarter)
Short Term Debt = 12.63b USD (from shortTermDebt, last quarter)
Debt = 43.33b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 33.35b USD (from netDebt column, last quarter)
Enterprise Value = 351.12b USD (317.77b + Debt 43.33b - CCE 9.98b)
Interest Coverage Ratio = 12.23 (Ebit TTM 12.60b / Interest Expense TTM 1.03b)
EV/FCF = 34.18x (Enterprise Value 351.12b / FCF TTM 10.27b)
FCF Yield = 2.93% (FCF TTM 10.27b / Enterprise Value 351.12b)
FCF Margin = 15.20% (FCF TTM 10.27b / Revenue TTM 67.59b)
Net Margin = 13.13% (Net Income TTM 8.87b / Revenue TTM 67.59b)
Gross Margin = 32.34% ((Revenue TTM 67.59b - Cost of Revenue TTM 45.73b) / Revenue TTM)
Gross Margin QoQ = 28.62% (prev 33.82%)
Tobins Q-Ratio = 3.56 (Enterprise Value 351.12b / Total Assets 98.58b)
Interest Expense / Debt = 1.10% (Interest Expense 478.0m / Debt 43.33b)
Taxrate = 23.53% (712.0m / 3.03b)
NOPAT = 9.63b (EBIT 12.60b * (1 - 23.53%))
Current Ratio = 1.44 (Total Current Assets 52.48b / Total Current Liabilities 36.56b)
Debt / Equity = 2.03 (Debt 43.33b / totalStockholderEquity, last quarter 21.32b)
Debt / EBITDA = 2.24 (Net Debt 33.35b / EBITDA 14.86b)
Debt / FCF = 3.25 (Net Debt 33.35b / FCF TTM 10.27b)
Total Stockholder Equity = 19.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.52% (Net Income 8.87b / Total Assets 98.58b)
RoE = 45.10% (Net Income TTM 8.87b / Total Stockholder Equity 19.68b)
RoCE = 25.01% (EBIT 12.60b / Capital Employed (Equity 19.68b + L.T.Debt 30.70b))
RoIC = 16.21% (NOPAT 9.63b / Invested Capital 59.42b)
WACC = 9.11% (E(317.77b)/V(361.10b) * Re(10.24%) + D(43.33b)/V(361.10b) * Rd(1.10%) * (1-Tc(0.24)))
Discount Rate = 10.24% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.82%
[DCF Debug] Terminal Value 73.77% ; FCFF base≈9.69b ; Y1≈9.49b ; Y5≈9.64b
Fair Price DCF = 227.8 (EV 139.94b - Net Debt 33.35b = Equity 106.59b / Shares 468.0m; r=9.11% [WACC]; 5y FCF grow -3.03% → 2.90% )
EPS Correlation: 59.65 | EPS CAGR: 16.82% | SUE: 1.46 | # QB: 2
Revenue Correlation: 58.27 | Revenue CAGR: 9.55% | SUE: 3.51 | # QB: 3
EPS next Quarter (2026-03-31): EPS=4.54 | Chg30d=+0.094 | Revisions Net=+1 | Analysts=20
EPS current Year (2026-12-31): EPS=22.75 | Chg30d=+0.359 | Revisions Net=+6 | Growth EPS=+19.3% | Growth Revenue=+8.7%
EPS next Year (2027-12-31): EPS=27.50 | Chg30d=+0.675 | Revisions Net=+8 | Growth EPS=+20.9% | Growth Revenue=+8.0%