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Stocks/Industrials/Construction Machinery & Heavy Transportation Equipment

CaterpillarCAT

Construction Machinery & Heavy Transportation Equipment · Irving, Texas · In the S&P 500
Solid business
$622.75−3.81%After hours: $624.89 (+0.34%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 6.4% over 1 year
Caterpillar over 1 yearDaily close, $, to 30 Oct 2026
$800$1,000Nov2026MarMayJulSep$622.75$800$1,000NovMarJul$622.75
Source: Nasdaq daily closes
Market value$286B
Price to earnings24.4x
Forward P/E21.6x
Dividend yield1.05%
Year to date+8.7%
One year+6.4%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$546.13$1,064.90

Quality and valuation

How Caterpillar compares with other industrials stocks. A description, not a recommendation.

Caterpillar and 7 construction machinery & heavy transportation equipment peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among industrials companies, priced about in line with them.

Caterpillar trades at 21.6 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +18.4% vs +8.2%
  • Keeps less of each sale (gross margin): 34.3% vs 38.1%
  • Less profitable (operating margin): 17.5% vs 17.5%
  • Turns more of its sales into cash: 14.3% vs 13.1%
CAT trades at 21.6x forward earnings, above the sector medianForward p/e, Construction Machinery & Heavy Transportation Equipment peers
LMT20.6xCAT21.6xUNP22.3xETN24.4xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4xLMT20.6xCAT21.6xUNP22.3xETN24.4xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 26.8x earnings, CAT is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x40xAverage 26.9x2025202626.8x20x40xAverage 26.9x2025202626.8x
Source: Nasdaq prices; SEC filings

Financials

From Caterpillar's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 24.0% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$10bn$20bnQ3 ’24Q1 ’25Q3 ’25$20.5bnQ2 ’26$0bn$10bn$20bnQ3 ’24Q1 ’25Q3 ’25$20.5bnQ2 ’26
Source: SEC filings
Growth sped up to +24.0% last quarterRevenue growth, year on year, %
0%10%20%Q3 ’24Q1 ’25Q3 ’2524.0%Q2 ’260%20%Q3 ’24Q1 ’25Q3 ’2524.0%Q2 ’26
Source: SEC filings
Operating margin was 20.9% last quarterOperating income as a share of revenue, %
0%10%20%Q3 ’24Q1 ’25Q3 ’2520.9%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’2520.9%Q2 ’26
Source: SEC filings
Free cash flow was $10.7 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$1bn$2bn$3bnQ3 ’24Q1 ’25Q3 ’25$3.8bnQ2 ’26$0bn$2bnQ3 ’24Q1 ’25Q3 ’25$3.8bnQ2 ’26
Source: SEC filings
Last 12 monthsCATSector median
Revenue growth+18.4%+8.2%
Gross margin34.3%38.1%
Operating margin17.5%17.5%
Free cash flow margin14.3%13.1%
Price to earnings24.4x25.8x

Stories on Caterpillar

Thursday, 29 October
Earnings

Caterpillar (CAT) Beats Q3 Profit Estimates, but Shares Plunge on Its Outlook

Caterpillar's adjusted profit of $7.20 a share beat the $7.08 expected, but it kept its 2026 sales forecast unchanged. The stock plunged 9.25%, its worst day since March 2020.

CAT▼ 9.2%
Heavy equipment lined up in a yard

Similar companies

Construction Machinery & Heavy Transportation Equipment, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B
BABoeing$171.55−0.64%−21.0%$136B