CAT Stock Analysis: Caterpillar | NYSE
Farm & Heavy Construction Machinery | NYSE, USA | Market Cap: 297.589m USD | 12M Return: 8.9% | US1491231015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.25B
EPS Trend: 16.1%
Qual. Beats: 0
Rev. Trend: 41.2%
Qual. Beats: 5
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Caterpillar Inc. is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, operating through four primary segments: Construction Industries, Resource Industries, Energy & Transportation, and Financial Products, along with an All Other segment covering parts distribution and digital services. The company sells machinery such as excavators, loaders, mining trucks, and generator sets, and also offers financing, leasing, and insurance products through its Financial Products arm. Incorporated in 1925 and headquartered in Irving, Texas, Caterpillar serves customers in the United States and internationally.
As a mega-cap company in the Construction Machinery & Heavy Transportation Equipment sub-industry, Caterpillar operates a diversified business model that combines heavy equipment manufacturing with a captive financial services division, which is a common structure in capital-intensive industrial sectors where equipment buyers often require financing support. The inclusion of digital and autonomous mining technology services reflects the broader industry shift toward equipment telematics and data-driven fleet management.
- Construction Industries sales rise on U.S. infrastructure spending
- Mining equipment orders weaken on commodity price declines
- Energy & Transportation margin pressured by lower turbine demand
- Share buybacks accelerate capital return to shareholders
| Net Income: 10.8b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.20 > 1.0 |
| NWC/Revenue: 19.62% < 20% (prev 18.72%; Δ 0.90% < -1%) |
| CFO/TA 0.13 > 3% & CFO 13.6b > Net Income 10.8b |
| Net Debt (38.4b) to EBITDA (17.4b): 2.21 < 3 |
| Current Ratio: 1.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (462.5m) vs 12m ago -1.91% < -2% |
| Gross Margin: 33.87% > 18% (prev 34.34%; Δ -0.46% > 0.5%) |
| Asset Turnover: 77.47% > 50% (prev 69.90%; Δ 7.56% > 0%) |
| Interest Coverage Ratio: 13.74 > 6 (EBIT TTM 15.0b / Interest Expense TTM 1.09b) |
| A: 0.14 (Total Current Assets 54.5b - Total Current Liabilities 39.8b) / Total Assets 103b |
| B: 0.68 (Retained Earnings 70.1b / Total Assets 103b) |
| C: 0.16 (EBIT TTM 15.0b / Avg Total Assets 96.5b) |
| D: 0.23 (Book Value of Equity 19.4b / Total Liabilities 83.2b) |
| Altman-Z'' = 4.46 = AA |
| DSRI: 1.01 (Receivables 24.0b/20.1b, Revenue 74.7b/63.1b) |
| GMI: 1.01 (GM 34.34% / 33.87%) |
| AQI: 0.97 (AQ_t 0.32 / AQ_t-1 0.33) |
| SGI: 1.18 (Revenue 74.7b / 63.1b) |
| TATA: -0.03 (NI 10.8b - CFO 13.6b) / TA 103b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of November 05, 2026, the stock is trading at USD 591.30 with a total of 5,744,025 shares traded. Over the past week, the price has changed by -17.11%, over one month by -30.12%, over three months by -32.38% and over the past year by +8.90%.
Current recommended Stop Loss: 554.70 (which is 6.2% or 1.3 ATR below the current price).
Caterpillar has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy CAT.
- StrongBuy: 15
- Buy: 1
- Hold: 12
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 926.9 | 56.8% |
P/E Trailing = 27.8687
P/E Forward = 22.1729
P/S = 3.9822
P/B = 16.9076
P/EG = 1.241
Revenue TTM = 74.7b USD
EBIT TTM = 15.0b USD
EBITDA TTM = 17.4b USD
Long Term Debt = 32.0b USD (from longTermDebt, last quarter)
Short Term Debt = 13.1b USD (from shortTermDebt, last quarter)
Debt = 45.2b USD (from shortLongTermDebtTotal, last quarter) + Leases 6.00m
Net Debt = 38.4b USD (calculated: Debt 45.2b - CCE 6.71b)
Enterprise Value = 336b USD (298b + Debt 45.2b - CCE 6.71b)
Interest Coverage Ratio = 13.74 (Ebit TTM 15.0b / Interest Expense TTM 1.09b)
EV/FCF = 37.36x (Enterprise Value 336b / FCF TTM 8.99b)
FCF Yield = 2.68% (FCF TTM 8.99b / Enterprise Value 336b)
FCF Margin = 12.04% (FCF TTM 8.99b / Revenue TTM 74.7b)
Net Margin = 14.50% (Net Income TTM 10.8b / Revenue TTM 74.7b)
Gross Margin = 33.87% ((Revenue TTM 74.7b - Cost of Revenue TTM 49.4b) / Revenue TTM)
Gross Margin QoQ = 37.78% (prev 35.08%)
Tobins Q-Ratio = 3.27 (Enterprise Value 336b / Total Assets 103b)
Interest Expense / Debt = 2.42% (Interest Expense 1.09b / Debt 45.2b)
Taxrate = 22.85% (3.18b / 13.9b)
NOPAT = 11.6b (EBIT 15.0b * (1 - 22.85%))
Current Ratio = 1.37 (Total Current Assets 54.5b / Total Current Liabilities 39.8b)
Debt / Equity = 2.33 (Debt 45.2b / totalStockholderEquity, last quarter 19.4b)
Debt / EBITDA = 2.21 (Net Debt 38.4b / EBITDA 17.4b)
Debt / FCF = 4.27 (Net Debt 38.4b / FCF TTM 8.99b)
Total Stockholder Equity = 20.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.23% (Net Income 10.8b / Total Assets 103b)
RoE = 54.14% (Net Income TTM 10.8b / Total Stockholder Equity 20.0b)
RoCE = 28.86% (EBIT 15.0b / Capital Employed (Equity 20.0b + L.T.Debt 32.0b))
RoIC = 16.06% (NOPAT 11.6b / Invested Capital 72.2b)
WACC = 10.12% (E(298b)/V(343b) * Re(11.37%) + D(45.2b)/V(343b) * Rd(2.42%) * (1-Tc(0.23)))
Discount Rate = 11.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.91 | Cagr: -3.14%
[DCF] Terminal Value 72.47% ; FCFF base≈8.49b ; Y1≈9.74b ; Y5≈14.3b
[DCF] Fair Price = 273.8 (EV 164b - Net Debt 38.4b = Equity 126b / Shares 459.7m; r=10.12% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 16.08 | EPS CAGR: 1.68% | SUE: 0.35 | # QB: 0
Revenue Correlation: 41.19 | Revenue CAGR: 2.18% | SUE: 2.27 | # QB: 5
EPS current Quarter (2027-03-31): EPS=6.53 | Chg30d=+0.43% | Revisions=+25% | Analysts=11
EPS current Year (2026-12-31): EPS=27.33 | Chg30d=+0.53% | Revisions=+0% | GrowthEPS=+43.4% | GrowthRev=+17.8%
EPS next Year (2027-12-31): EPS=32.59 | Chg30d=+0.64% | Revisions=+0% | GrowthEPS=+19.2% | GrowthRev=+11.4%
[Analyst] Revisions Ratio: +12% (up=3, down=2)