Caterpillar (CAT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Caterpillar

NYSE•Industrials•Farm & Heavy Construction Machinery

$798.57+15.85(0.02%)After hours

Market Cap

$367.66B

P/E

33.9x

P/S

4.9x

P/B

19.0x

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.

How this company scores

ExcellentMetricSide Score: 86/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability24/25

Growth22/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 33.9x5y range 11.8x – 33.9x

Currently above its 20-quarter median.

P/S · 4.9x5y range 1.5x – 4.9x

Currently above its 20-quarter median.

P/B · 19.0x5y range 5.6x – 19.0x

Price & Volume

Market Cap $367.66B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $74.73B
Q. Revenue: $20.54B
TTM EBITDA: $15.47B
TTM Op. Income: $13.09B
Q. Op. Income: $4.29B
TTM Net Income: $10.84B
Q. Net Income: $3.59B
EPS: $7.8
Shares Out.: $460.40M

$74.73B in TTM revenue grew 18.4% YoY, reaching $20.54B last quarter. TTM EBITDA of $15.47B and TTM operating income of $13.09B show growth is flowing through to the bottom line. TTM net income of $10.84B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 37.8%
EBITDA Margin: 23.9%
Op. Margin: 20.9%
Net Margin: 17.5%

Op. margin of 20.9% is up 3.6% YoY — cost efficiency is improving. Net margin at 17.5% and gross margin of 37.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 33.9x
P/S Ratio: 4.9x
P/B Ratio: 19.0x

At 33.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.9x and P/B of 19.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $102.61B
Cash: $6.71B
Long-Term Debt: N/A
Book Value: $19.39B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $4.37B
TTM Free Cash Flow: $10.70B
FCF Margin: 14.3%
FCF / Net Income: 1.0

TTM FCF of $10.70B on $4.37B in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.