Caterpillar Inc.
CAT · Price history
Price at last available close
$713.38
−$113.26 (-13.70%) 1M
2026-10-28
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Company & revenue
About Caterpillar Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 2, 2026. A research update is not a new financial filing.
Who they are
Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company's extensive offerings are organized into several operational divisions: Construction Industries: This segment delivers a broad spectrum of machinery for construction projects, including asphalt pavers, versatile backhoe and skid steer loaders, various sizes of excavators (from compact to heavy-duty), compactors, road-building equipment like cold planers and motorgraders, pipelayers, site preparation tractors, telehandlers, and utility vehicles, alongside a range of wheel loaders and track-type equipment.
How they make money
Caterpillar generates revenue primarily through the design, manufacture, and sale of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company also provides financing and related services to customers and dealers through its financial products segment.
Products & services
Construction equipment, mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
Brands & revenue mix
Primary brand for construction, mining, and energy equipment.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer types
Customer concentration
Caterpillar sells its products primarily through a global network of independent dealers and does not rely on any single customer for a significant portion of its total revenue as of the fiscal period ending 2025-12-31.
Suppliers, materials & equipment
- Steel and other raw materials — The company relies on various global suppliers for raw materials including steel, aluminum, and other commodities.Source
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
37
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
73
Strong
Financial Strength
59
Business Quality / Moat
80
Management
90
Growth Quality
55
Risk / Durability
92
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
39
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
47/100
Building Historical Record
Model Score 47/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for CAT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can CAT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is CAT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is CAT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify CAT's current valuation?
Essential Investment Snapshot
Wall Street Score
37
Opportunity Score
39
Market Cap
$327.92B
P/E Ratio
34.7
EPS
$23.34
52-Week High
$1073.46
52-Week Low
$471.14
Beta
1.59
Intrinsic Value
$403.00
Analyst Target
$975.00
Shares Outstanding
469.0M
Total Revenue
$74.73B
Total Debt
$45.15B
Dividend Yield (TTM)
0.65%
Liquidation Value / Share
$41.35
Dividend / Share (TTM)
$4.65
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CAT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on CAT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global independent dealer network.
- +Strong brand recognition and market leadership.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Agricultural - Machinery industry.
- −Cyclical nature of industries served.
- −Global economic and political conditions.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
37
Sep 14, 2026
Change
-0.1
points
Current Score
37
Oct 1, 2026
Category Changes
CAT decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
47
Projected Change
+9.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 9.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$713.38
Model Intrinsic Value
$403.00
Difference
+$310.38
+77.0% vs IV
Margin of Safety
-77.0%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $74.73B | $67.59B | $64.81B | $67.06B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $49.42B | $45.73B | $41.48B | $43.80B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $25.31B | $21.86B | $23.32B | $23.26B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $2.27B | $2.15B | $2.11B | $2.11B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $7.53B | $6.99B | $6.67B | $6.37B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $12.22B | $10.65B | $10.25B | $10.30B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $17.40B | $14.86B | $16.04B | $15.71B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $13.09B | $11.21B | $13.07B | $12.97B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $1.09B | $1.03B | $512.0M | $511.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $13.93B | $11.56B | $13.42B | $13.11B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $3.18B | $2.77B | $2.63B | $2.78B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $10.83B | $8.87B | $10.79B | $10.34B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $23.34 | $18.90 | $22.17 | $20.24 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 460M | 467M | 487M | 511M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 463M | 469M | 489M | 514M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$20.54B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$7.77
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+10.8%
Cash Change
+23.4%
Margin Change
+4.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 24.0%. EPS increased 68.2%. Cash increased 23.4%. Total debt increased 10.8%. Net income margin improved by 4.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
49
Smart Money
49
Number of Gurus
6
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · CAT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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