(CAT) Caterpillar - Overview

Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: NYSE (USA) | Market Cap: 335.644m USD | Total Return: 185.6% in 12m

Construction Equipment, Mining Equipment, Engines, Locomotives, Power
Total Rating 84
Safety 90
Buy Signal 1.39
Farm & Heavy Construction Machinery
Industry Rotation: +3.5
Market Cap: 336B
Avg Turnover: 1.50B USD
ATR: 3.52%
Peers RS (IBD): 94.6
Risk 5d forecast
Volatility38.2%
Rel. Tail Risk-9.26%
Reward TTM
Sharpe Ratio3.12
Alpha125.62
Character TTM
Beta1.342
Beta Downside1.231
Drawdowns 3y
Max DD34.05%
CAGR/Max DD1.61
EPS (Earnings per Share) EPS (Earnings per Share) of CAT over the last years for every Quarter: "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, "2025-12": 5.16,
EPS CAGR: 16.82%
EPS Trend: 60.8%
Last SUE: 1.49
Qual. Beats: 2
Revenue Revenue of CAT over the last years for every Quarter: 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, 2025-12: 19133,
Rev. CAGR: 9.55%
Rev. Trend: 58.3%
Last SUE: 3.51
Qual. Beats: 3

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: CAT Caterpillar

Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, engines, and turbines globally. The company operates in the industrial machinery sector. Its business model includes manufacturing, sales, and financial services.

The Construction Industries segment provides various heavy equipment, including excavators and loaders. The Resource Industries segment focuses on mining equipment like shovels and trucks, along with technology solutions for fleet management and autonomous operations. Mining equipment often requires significant capital expenditure from buyers.

The Energy & Transportation segment supplies power generation systems, engines, and locomotive components. The Financial Products segment offers leasing, loans, and insurance to support equipment sales. This captive financing model is common among large equipment manufacturers.

The All Other segment covers parts distribution, logistics, and digital services. Caterpillar Inc. was founded in 1925 and is headquartered in Irving, Texas. To delve deeper into CATs financial health and market position, consider exploring its detailed analytics on ValueRay.

Headlines to Watch Out For
  • Global infrastructure spending boosts demand for construction equipment
  • Commodity price fluctuations impact mining equipment sales
  • Interest rate changes affect equipment financing costs
  • Energy transition policies influence engine and turbine demand
Piotroski VR‑10 (Strict) 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 3.20k% > 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? As of April 09, 2026, the stock is trading at USD 771.58 with a total of 3,012,684 shares traded.
Over the past week, the price has changed by +5.65%, over one month by +9.47%, over three months by +27.17% and over the past year by +185.58%.
Is CAT a buy, sell or hold? Caterpillar has received a consensus analysts rating of 3.89. Therefore, it is recommended to buy CAT.
  • StrongBuy: 11
  • Buy: 3
  • Hold: 14
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the CAT price?
Analysts Target Price 742.2 -3.8%
Caterpillar (CAT) - Fundamental Data Overview as of 04 April 2026
P/E Trailing = 38.1703
P/E Forward = 32.3625
P/S = 4.966
P/B = 15.94
P/EG = 1.9951
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 = 368.99b USD (335.64b + Debt 43.33b - CCE 9.98b)
Interest Coverage Ratio = 12.23 (Ebit TTM 12.60b / Interest Expense TTM 1.03b)
EV/FCF = 35.92x (Enterprise Value 368.99b / FCF TTM 10.27b)
FCF Yield = 2.78% (FCF TTM 10.27b / Enterprise Value 368.99b)
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 = 3.74 (Enterprise Value 368.99b / 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 = 15.86% (NOPAT 9.63b / Invested Capital 60.72b)
WACC = 9.57% (E(335.64b)/V(378.97b) * Re(10.70%) + D(43.33b)/V(378.97b) * Rd(1.10%) * (1-Tc(0.24)))
Discount Rate = 10.70% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.82%
[DCF] Terminal Value 72.53% ; FCFF base≈9.69b ; Y1≈9.49b ; Y5≈9.66b
[DCF] Fair Price = 212.4 (EV 132.17b - Net Debt 33.35b = Equity 98.82b / Shares 465.3m; r=9.57% [WACC]; 5y FCF grow -3.03% → 3.0% )
EPS Correlation: 60.77 | EPS CAGR: 16.82% | SUE: 1.49 | # QB: 2
Revenue Correlation: 58.27 | Revenue CAGR: 9.55% | SUE: 3.51 | # QB: 3
EPS next Quarter (2026-06-30): EPS=5.71 | Chg7d=+0.016 | Chg30d=+0.062 | Revisions Net=+2 | Analysts=21
EPS current Year (2026-12-31): EPS=22.91 | Chg7d=+0.049 | Chg30d=+0.130 | Revisions Net=+4 | Growth EPS=+20.2% | Growth Revenue=+9.0%
EPS next Year (2027-12-31): EPS=27.77 | Chg7d=+0.080 | Chg30d=+0.228 | Revisions Net=+5 | Growth EPS=+21.2% | Growth Revenue=+9.0%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 8.1% (Discount Rate 10.7% - Earnings Yield 2.6%)
[Growth] Growth Spread = +2.2% (Analyst 10.3% - Implied 8.1%)
External Resources
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