Overview Dividends

(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: 265,079m
IPO / Inception: 1962-01-02
Return 12m vs S&P 500: 38.3%

EPS (Earnings per Share)

EPS (Earnings per Share) of CAT over the last years for every Quarter: "2020-12": 2.12, "2021-03": 2.87, "2021-06": 2.6, "2021-09": 2.66, "2021-12": 2.69, "2022-03": 2.88, "2022-06": 3.18, "2022-09": 3.95, "2022-12": 3.86, "2023-03": 4.91, "2023-06": 5.55, "2023-09": 5.52, "2023-12": 5.23, "2024-03": 5.6, "2024-06": 5.99, "2024-09": 5.17, "2024-12": 5.14, "2025-03": 4.25, "2025-06": 4.72, "2025-09": 4.95,
EPS CAGR: 17.66%
EPS Trend: 69.8%
Last SUE: 1.22
Qual. Beats: 1

Revenue

Revenue of CAT over the last years for every Quarter: 2020-12: 11235, 2021-03: 11887, 2021-06: 12889, 2021-09: 12397, 2021-12: 13798, 2022-03: 13589, 2022-06: 14247, 2022-09: 14994, 2022-12: 16597, 2023-03: 15862, 2023-06: 17318, 2023-09: 16810, 2023-12: 17070, 2024-03: 15799, 2024-06: 16689, 2024-09: 16106, 2024-12: 16215, 2025-03: 14249, 2025-06: 16569, 2025-09: 17638,
Rev. CAGR: 6.77%
Rev. Trend: 56.7%
Last SUE: 3.88
Qual. Beats: 2

Dividends

Dividend Yield 1.00%
Yield on Cost 5y 3.60%
Yield CAGR 5y 7.10%
Payout Consistency 75.4%
Payout Ratio 30.6%
Risk via 5d forecast
Volatility 28.4%
Value at Risk 5%th 43.3%
Relative Tail Risk -7.42%
Reward TTM
Sharpe Ratio 1.54
Alpha 43.09
CAGR/Max DD 1.09
Character TTM
Hurst Exponent 0.545
Beta 1.123
Beta Downside 1.178
Drawdowns 3y
Max DD 34.05%
Mean DD 8.17%
Median DD 6.38%

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
(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) 74.37

1. Piotroski 5.50pt
2. FCF Yield 3.17%
3. FCF Margin 14.66%
4. Debt/Equity 2.01
5. Debt/Ebitda 2.32
6. ROIC - WACC (= 6.59)%
7. RoE 48.20%
8. Rev. Trend 56.72%
9. EPS Trend 69.79%

What is the price of CAT shares?

As of December 24, 2025, the stock is trading at USD 582.42 with a total of 1,723,292 shares traded.
Over the past week, the price has changed by -1.11%, over one month by +4.08%, over three months by +23.94% and over the past year by +61.83%.

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 589.1 1.1%
Analysts Target Price 589.1 1.1%
ValueRay Target Price 802.4 37.8%

CAT Fundamental Data Overview December 20, 2025

Market Cap USD = 265.08b (265.08b USD * 1.0 USD.USD)
P/E Trailing = 29.0169
P/E Forward = 25.4453
P/S = 4.0989
P/B = 12.7289
P/EG = 1.9323
Beta = 1.563
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 = 299.08b USD (265.08b + Debt 41.53b - CCE 7.54b)
Interest Coverage Ratio = 18.88 (Ebit TTM 12.44b / Interest Expense TTM 659.0m)
FCF Yield = 3.17% (FCF TTM 9.48b / Enterprise Value 299.08b)
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 = 3.19 (Enterprise Value 299.08b / 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 = 9.88% (Net Income 9.26b / Total Assets 93.72b)
RoE = 48.20% (Net Income TTM 9.26b / Total Stockholder Equity 19.22b)
RoCE = 26.50% (EBIT 12.44b / Capital Employed (Equity 19.22b + L.T.Debt 27.74b))
RoIC = 15.45% (NOPAT 9.12b / Invested Capital 59.06b)
WACC = 8.86% (E(265.08b)/V(306.61b) * Re(10.15%) + D(41.53b)/V(306.61b) * Rd(0.83%) * (1-Tc(0.27)))
Discount Rate = 10.15% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.64%
[DCF Debug] Terminal Value 70.58% ; FCFE base≈9.54b ; Y1≈9.34b ; Y5≈9.51b
Fair Price DCF = 255.7 (DCF Value 119.64b / Shares Outstanding 468.0m; 5y FCF grow -3.03% → 3.0% )
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=4.40 | Chg30d=+0.062 | Revisions Net=+0 | Analysts=16
EPS next Year (2026-12-31): EPS=22.30 | Chg30d=+0.201 | Revisions Net=+3 | Growth EPS=+19.5% | Growth Revenue=+7.4%

Additional Sources for CAT Stock

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