Caterpillar, Inc.
CAT
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- Caterpillar's strong market position in the heavy machinery sector allows it to leverage economies of scale and maintain competitive pricing, which is crucial in a capital-intensive industry.
- Caterpillar's revenue increased by 18% compared to the prior quarter, reaching $20.5 billion.
- The company's gross margin improved to 36% from 33.1% in the previous quarter.
- The high debt-to-equity ratio of 232.78 raises concerns about financial stability and the ability to weather economic downturns.
- Caterpillar's trailing P/E ratio stands at 37.17, indicating that the stock may be overvalued compared to its earnings growth potential.
- The operating margin decreased from 20.17% in 2024 to 16.50% in 2025, reflecting potential operational challenges.
Fundamentals
| Market cap | $365.98B | Enterprise value | $405.18B | Trailing P/E | 34.27 | Forward P/E | 24.56 |
| PEG | 1.42 | Price / book | 18.87 | Beta | 1.58 | Dividend yield | 0.82% |
| Revenue growth | 24.0% | Earnings growth | 68.2% | Gross margin | 29.7% | Operating margin | 22.2% |
| Profit margin | 14.5% | ROE | 57.0% | ROA | 9.0% | Debt / equity | 2.33 |
| Current ratio | 1.37 | Free cash flow | $5.05B | Analyst recommendation | buy | Mean target | $970.80 |
| 52w high | $1,073.46 | 52w low | $491.30 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $20.5B | $17.4B | $19.1B | $17.6B | $16.6B |
| Op margin | 20.9% | 17.7% | 13.9% | 17.3% | 17.3% |
| Net income | $3.6B | $2.5B | $2.4B | $2.3B | $2.2B |
| Gross margin | 36.0% | 33.1% | 28.6% | 31.9% | 32.7% |
| Gross profit | $7.4B | $5.8B | $5.5B | $5.6B | $5.4B |
| Operating income | $4.3B | $3.1B | $2.7B | $3.1B | $2.9B |
- Revenue +18% vs prior quarter ($20.5B vs $17.4B).
- Gross margin 36% (was 33.1% prior quarter).
- Operating margin expanded to 20.9%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $67.6B | $64.8B | $67.1B | $59.4B | — |
| Op margin | 16.5% | 20.2% | 19.3% | 14.9% | — |
| Net income | $8.9B | $10.8B | $10.3B | $6.7B | — |
| Gross margin | 31.8% | 36.0% | 34.7% | 29.5% | — |
| Gross profit | $21.5B | $23.3B | $23.3B | $17.5B | — |
| Operating income | $11.2B | $13.1B | $13.0B | $8.8B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Will a $1 Billion Automation Push in North Carolina Change Caterpillar's (CAT) Small-Equipment Narrative?
2026-10-09 · Caterpillar (CAT) Faces Regulatory And Rate Pressure, Is The Pullback A Bargain?
2026-10-09 · Will Caterpillar's Strong Volume Growth Keep Driving Sales Up in 2026?
2026-10-09 · Caterpillar Stock’s Pullback Is a Reason to Buy—if You Believe the Market Is Headed Higher
2026-10-08 · The S&P 500 Would Be Green Without Tech
2026-10-08 · Caterpillar Stock Could Bounce From Key Trendline
2026-10-08 · Why CoreWeave Is My High-Beta AI Play I Keep Adding
2026-10-08 · MoneyMasters Podcast 10-8-26- AI "Super Boom" - Why the Nasdaq Could Hit 74,000
2026-10-08 · Does Wabtec's Expanding Rail Services Business Make WAB a Buy?
2026-10-08 · CAT Falls Below 50-Day SMA: Is It Time to Hold or Exit the Stock?
2026-10-08 · Evercore ISI Adjusts Price Target on Caterpillar to $1,045 From $1,103
Price (daily)
Full chart · RSI · MACD · patternsOn Trade and Ticker
- 2026-10-07 · Midday UpdateDow Drops as 10-Year Yield Hits 2002 High; Caterpillar Slides, Micron Rises
- 2026-10-07 · Closing WrapCaterpillar and Deere Slide, Micron's $3,000 Target, SpaceX's Nvidia Debt, Levi Strauss
- 2026-10-05 · Midday UpdateNasdaq Hits Record as Yields Climb; PTC and RXO Jump on Buyout Deals