CAT — Caterpillar Inc. $1,064.90

Generated 2026-06-30 21:49
USAIND

Quality Scorecard Transitional

B75/100
🟡 Pricing power (gross margin) 29% Gross margin 29% — moderate margins
✅ Return on equity 51% ROE 51% — high returns on capital
✅ Leverage (net debt / EBITDA) 2.7x Net debt / EBITDA 2.7x — low leverage
✅ Interest coverage 22x EBIT covers interest 22x — comfortably covered
🟡 Earnings consistency (revenue) 1/3 down 1 revenue-down year(s) in 3 — one down year
❌ Earnings growth (net income YoY) -18% Net income -18% YoY — earnings declining
✅ Cash conversion (CFO/NI) 132% Operating cash ÷ net income 132% — earnings convert to cash
✅ Operating margin trend improving Operating margin improving
✅ Revenue growth 22% Revenue +22% — strong demand growth
🟡 Growth trajectory holding steady YoY +4% vs +5% prior 2-yr avg — holding steady
🟡 Free cash flow margin 11% FCF margin 11% — moderate cash generation
✅ Returns capital to shareholders yes dividend ~63.0%; shares -4.6%/yr

Transitional-stage checklist (proxy metrics from yfinance). 12 of 12 criteria scored. Not financial advice.

Buy-Now Score

65/100
Quality ×40%75
Trajectory ×30%76
Valuation ×30%39

Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.

Valuation

$855.92$1,171.39
Price $1,064.90Analyst $951.02 (-11%)

Analyst: 26 analysts. MarketGist fair = analyst consensus only (no DCF — financial, or no free-cash-flow data). Not financial advice.

Key Trends (6-yr)

GAAP EPS
▼ -14.7% YoY
Sales
▲ +4.3% YoY
Shares Outstanding
▼ -3.5% YoY

Company Overview

Basic Information

Company Name: Caterpillar Inc.
Symbol: CAT
Exchange: NYQ
Sector: Industrials
Industry: Farm & Heavy Construction Machinery

Company Details

Country: United States
City: Irving
Employees: 118,000
Market Cap: $490.48B
Website: https://www.caterpillar.com

Business Description

Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, track-type tractors, and track and wheel excavators; backhoe, compact track, skid steer, track-type, and wheel loaders; and related parts and work tools. Its Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, mining trucks, wheel loaders, off-highway and articulated trucks, wide-body trucks, wheel tractor scrapers and dozers, and landfill and soil compactors; machinery components, and wear and maintenance components; and technology products and services for fleet management, equipment management analytics, autonomous machine capabilities, safety services, and mining performance solutions. The Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines, drivetrain, and integrated systems and solutions; centrifugal gas compressors and related services; and diesel-electric locomotive components, and other rail-related products. Its Financial Products segment provides operating and finance leases, revolving charge accounts, installment sale contracts, repair/rebuild financing, working capital loans, and wholesale financing; and insurance and risk management products and services. The All Other segment offers parts distribution; logistics and distribution services; electronics and control systems; dealer portfolio management; brand management and marketing strategy; and digital investment services. It also provides mining software solutions. The company was formerly known as Caterpillar Tractor Co. Caterpillar Inc. was incorporated in 1925 and is headquartered in Irving, Texas.

Key Metrics

Price & Valuation

Current Price
$1.06K
Market Cap
$490.48B
P/E Ratio
53.14
Forward P/E
35.36
PEG Ratio
2.37
Price to Book
26.29

Profitability

Profit Margin: 13.33%
Operating Margin: 18.18%
Gross Margin: 28.60%
Return on Equity (ROE): 51.33%
Return on Assets (ROA): 8.52%
Revenue Growth: 22.20%

Financial Health

Current Ratio: 1.35
Quick Ratio: 0.73
Debt to Equity: 230.79
Total Debt: $43.07B
Total Cash: $3.32B
Beta: 1.60

Trading & Analyst Info

52-Week Range

52-Week High: $1.07K
52-Week Low: $384.25
50-Day Average: $900.58
200-Day Average: $688.18

Analyst Recommendations

Recommendation: BUY
Target Mean Price: $951.02
Target High: $1.20K
Target Low: $575.00

Price graph

Price vs Rates, Inflation & Volume (long-term)

Dotted = market-implied expectation (next ~12 mo), not a prediction.

Quarterly Verdict

🟢 90/100

Worth buying

Quality grade B; 5 improving / 2 weakening metrics YoY.

➕ Return on equity: ROE 51% — high returns on capital
➕ Leverage (net debt / EBITDA): Net debt / EBITDA 2.7x — low leverage
➕ Interest coverage: EBIT covers interest 22x — comfortably covered
➖ Earnings growth (net income YoY): Net income -18% YoY — earnings declining
➕ Cash conversion (CFO/NI): Operating cash ÷ net income 132% — earnings convert to cash
➕ Operating margin trend: Operating margin improving
➕ Revenue growth: Revenue +22% — strong demand growth
➕ Returns capital to shareholders: dividend ~63.0%; shares -4.6%/yr
➕ Revenue +22.2% YoY
➕ Net income +27.3% YoY
➖ Operating margin -0.4 pts YoY
➕ Free cash flow +120.8% YoY
➕ Cash +14.3% YoY
➖ Debt +11.6% YoY
➕ Shares outstanding -2.2% YoY

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Financial Statements

Income Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Tax Effect Of Unusual Items$66.68M$116.38M$87.12M$-167.56MN/A
Tax Rate For Calcs$0.24$0.20$0.21$0.24N/A
Normalized EBITDA$14.03B$15.45B$15.30B$12.12BN/A
Total Unusual Items$278.00M$592.00M$409.00M$-710.00MN/A
Total Unusual Items Excluding Goodwill$278.00M$592.00M$409.00M$-710.00MN/A
Net Income From Continuing Operation Net Minority Interest$8.88B$10.79B$10.34B$6.71BN/A
Reconciled Depreciation$2.26B$2.15B$2.14B$2.22BN/A
Reconciled Cost Of Revenue$46.11B$41.48B$43.80B$41.91BN/A
EBITDA$14.30B$16.04B$15.71B$11.41BN/A
EBIT$12.04B$13.88B$13.56B$9.20BN/A
Net Interest Income$-502.00M$-512.00M$-511.00M$-443.00MN/A
Interest Expense$502.00M$512.00M$511.00M$443.00MN/A
Interest IncomeN/A$482.00M$494.00M$167.00M$80.00M
Normalized Income$8.67B$10.32B$10.01B$7.25BN/A
Net Income From Continuing And Discontinued Operation$8.88B$10.79B$10.34B$6.71BN/A

Showing 15 of 47 rows

Balance Sheet (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Treasury Shares Number$349.61M$336.96M$315.52M$298.55MN/A
Ordinary Shares Number$465.29M$477.93M$499.38M$516.35MN/A
Share Issued$814.89M$814.89M$814.89M$814.89MN/A
Net Debt$33.34B$31.62B$30.96B$30.10BN/A
Total Debt$43.33B$38.41B$37.88B$36.99BN/A
Tangible Book Value$15.76B$13.85B$13.62B$9.82BN/A
Invested Capital$64.64B$58.00B$57.43B$52.97BN/A
Working Capital$15.93B$13.41B$12.22B$12.25BN/A
Net Tangible Assets$15.76B$13.85B$13.62B$9.82BN/A
Capital Lease Obligations$6.00M$-103.00M$-61.00M$-112.00MN/A
Common Stock Equity$21.32B$19.49B$19.49B$15.87BN/A
Total Capitalization$52.01B$46.95B$44.03B$41.70BN/A
Total Equity Gross Minority Interest$21.32B$19.49B$19.50B$15.89BN/A
Minority Interest$0.00$3.00M$9.00M$22.00MN/A
Stockholders Equity$21.32B$19.49B$19.49B$15.87BN/A

Showing 15 of 73 rows

Cash Flow Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow$7.45B$8.82B$9.79B$5.17BN/A
Repurchase Of Capital Stock$-5.21B$-7.70B$-4.97B$-4.23BN/A
Repayment Of Debt$-8.08B$-9.32B$-6.32B$-7.73BN/A
Issuance Of Debt$11.11B$10.28B$8.26B$6.67BN/A
Issuance Of Capital StockN/A$20.00M$12.00M$51.00M$135.00M
Capital Expenditure$-4.29B$-3.21B$-3.09B$-2.60BN/A
End Cash Position$9.99B$6.90B$6.99B$7.01BN/A
Beginning Cash Position$6.90B$6.99B$7.01B$9.26BN/A
Effect Of Exchange Rate Changes$-43.00M$-106.00M$-110.00M$-194.00MN/A
Changes In Cash$3.13B$17.00M$82.00M$-2.06BN/A
Financing Cash Flow$-3.90B$-9.56B$-6.93B$-7.28BN/A
Cash Flow From Continuing Financing Activities$-3.90B$-9.56B$-6.93B$-7.28BN/A
Net Other Financing Charges$-74.00M$-41.00MN/A$-10.00M$-4.00M
Cash Dividends Paid$-2.75B$-2.65B$-2.56B$-2.44BN/A
Common Stock Dividend Paid$-2.75B$-2.65B$-2.56B$-2.44BN/A

Showing 15 of 57 rows

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