Caterpillar Inc. (CAT)

US — Industrials Sector
Peers: RTX  DE  GE  ETN  PCAR  PH  HY  AGCO  ASTE  REVG 

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Key Metrics & Ratings

  • symbol CAT
  • Rev/Share 144.8853
  • Book/Share 45.6977
  • PB 14.8434
  • Debt/Equity 2.0326
  • CurrentRatio 1.4357
  • ROIC 0.1142

 

  • MktCap 317773938260.0
  • FreeCF/Share 22.0236
  • PFCF 30.9299
  • PE 35.6623
  • Debt/Assets 0.4395
  • DivYield 0.0088
  • ROE 0.451

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 3
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation CAT Wells Fargo -- Overweight -- -- Nov. 14, 2025
Upgrade CAT HSBC Securities Hold Buy -- $660 Nov. 6, 2025
Initiation CAT RBC Capital Mkts -- Sector Perform -- $560 Oct. 22, 2025
Upgrade CAT Erste Group Hold Buy -- -- Oct. 3, 2025
Upgrade CAT Evercore ISI In-line Outperform -- $476 Aug. 19, 2025
Downgrade CAT Morgan Stanley Equal Weight Underweight -- $350 Aug. 7, 2025
Upgrade CAT Melius Hold Buy -- $500 July 9, 2025
Reiterated CAT BofA Securities -- Buy $335 $385 May 30, 2025
Upgrade CAT UBS Sell Neutral -- $357 May 16, 2025
Upgrade CAT Robert W. Baird Neutral Outperform -- $395 May 13, 2025

News

Should You Buy, Sell or Hold Caterpillar Stock Post Q4 Earnings?
CAT
Published: February 06, 2026 by: Zacks Investment Research
Sentiment: Neutral

CAT posts record Q4 revenues and backlog as volumes surge, but margin pressure and a premium valuation raise questions on what to do next.

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image for news Should You Buy, Sell or Hold Caterpillar Stock Post Q4 Earnings?
Wall Street Roundup: Risk Off
AAPL, ADBE, AMD, AMGN, AMZN, APP, CAT, COIN, CRM, F, GOOG, GOOGL, HIMS, HOOD, HSY, KO, META, MRK, MSFT, MSTR, NOW, ORCL, PEP, PLTR, SHOP
Published: February 06, 2026 by: Seeking Alpha
Sentiment: Negative

Risk-off sentiment is driving sharp sell-offs in Bitcoin and major software stocks, with investors reallocating away from stretched tech valuations. AI-driven CapEx arms race at Alphabet (GOOGL) and Amazon (AMZN) is sparking concerns about profitability and sector disruption, despite strong revenue growth.

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image for news Wall Street Roundup: Risk Off
Caterpillar Is Riding the Data Center Boom—But Is It Too Expensive Now?
CAT
Published: February 04, 2026 by: MarketBeat
Sentiment: Positive

Amid a strong year for the industrials sector, U.S. machinery giant Caterpillar NYSE: CAT was among the most notable standouts of 2025. Using the Industrial Select Sector SPDR Fund NYSEARCA: XLI as a proxy, the sector delivered a total return of around 19% last year.

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image for news Caterpillar Is Riding the Data Center Boom—But Is It Too Expensive Now?
Is Trending Stock Caterpillar Inc. (CAT) a Buy Now?
CAT
Published: February 04, 2026 by: Zacks Investment Research
Sentiment: Positive

Caterpillar (CAT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Is Trending Stock Caterpillar Inc. (CAT) a Buy Now?
ACI Wins Multi-Year Caterpillar Engagement as Strategic Technology Transformation Partner
CAT
Published: February 03, 2026 by: PRNewsWire
Sentiment: Neutral

Global Technology Firm Selected to Lead Mission-Critical Digital Infrastructure Modernization for the Heavy Equipment Leader SOMERSET, N.J., Feb. 3, 2026 /PRNewswire/ -- ACI, a global provider of enterprise-grade technology services, today announced it has entered into a multi-year, strategic partnership with Caterpillar Inc. (NYSE: CAT).

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image for news ACI Wins Multi-Year Caterpillar Engagement as Strategic Technology Transformation Partner
Caterpillar Rewards Shareholders With $56 Billion Returns
CAT
Published: February 03, 2026 by: Forbes
Sentiment: Positive

Building on its recent January 2026 earnings report, where Caterpillar (CAT) posted a decisive beat with record full-year revenues of $67.6 billion and adjusted EPS of $19.06, the company continues to solidify its reputation as a powerhouse of shareholder value.

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image for news Caterpillar Rewards Shareholders With $56 Billion Returns
These Analysts Boost Their Forecasts On Caterpillar Following Better-Than-Expected Q4 Earnings
CAT
Published: January 30, 2026 by: Benzinga
Sentiment: Positive

Caterpillar Inc. (NYSE: CAT) reported upbeat earnings for the fourth quarter on Thursday.

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image for news These Analysts Boost Their Forecasts On Caterpillar Following Better-Than-Expected Q4 Earnings
CAT Tops Q4 Earnings Estimates, Posts Record Revenues on Higher Volumes
CAT
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

Caterpillar beats Q4 EPS estimates as record $19.1B revenues on higher volumes end earnings declines, though tariffs and costs squeeze margins.

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image for news CAT Tops Q4 Earnings Estimates, Posts Record Revenues on Higher Volumes
Caterpillar Inc. (CAT) Q4 2025 Earnings Call Transcript
CAT
Published: January 29, 2026 by: Seeking Alpha
Sentiment: Neutral

Caterpillar Inc. (CAT) Q4 2025 Earnings Call Transcript

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image for news Caterpillar Inc. (CAT) Q4 2025 Earnings Call Transcript
Unit Labor Costs Remain Negative
AAPL, CAT, LMT, MA, V, VLO
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Neutral

It's a busy morning for data today, with Q4 earnings season continuing to heat up and Thursday Weekly Jobless Claims leading a train of economic data. Pre-market futures are currently in the green: the Dow +50 points, the S&P 500 +20, the Nasdaq +57 and the small-cap Russell 2000 +7 points at this hour.

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image for news Unit Labor Costs Remain Negative
If You Don't Believe In Geo-Capex, Look At Caterpillar's Q4 Earnings
CAT
Published: January 29, 2026 by: Seeking Alpha
Sentiment: Positive

Caterpillar's earnings are hard evidence that geo-capex is real: volumes drove growth, backlog hit a record $51B (+71% YoY), and power & energy demand tied to data centers keeps accelerating. Services now exceed $24B, cash flows remain strong despite tariff headwinds, and Power & Energy profits surged +55% YoY, confirming Caterpillar's positioning at the center of the AI-infrastructure cycle. The problem is no longer the business, but the price.

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image for news If You Don't Believe In Geo-Capex, Look At Caterpillar's Q4 Earnings
Caterpillar fourth quarter earnings top estimates on strong equipment sales
CAT
Published: January 29, 2026 by: Proactive Investors
Sentiment: Positive

Caterpillar Inc (NYSE:CAT, XETRA:CAT) posted fourth quarter financial results that exceeded Wall Street expectations on both earnings and revenue, supported by higher equipment sales volumes. The heavy-equipment maker posted adjusted earnings of $5.16 per share for the fourth quarter, slightly up from $5.14 per share a year earlier and above analysts' expectations of $4.71.

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image for news Caterpillar fourth quarter earnings top estimates on strong equipment sales
Caterpillar Stock Hits Record Highs After Earnings
CAT
Published: January 29, 2026 by: Schaeffers Research
Sentiment: Positive

Meta Platforms (META) and Microsoft (MSFT) aren't the only Dow stocks moving after earnings today.

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image for news Caterpillar Stock Hits Record Highs After Earnings
Caterpillar is Set to Report Q4 Earnings: Buy, Sell or Hold the Stock?
CAT
Published: January 27, 2026 by: Zacks Investment Research
Sentiment: Negative

CAT's Q4 earnings are set to decline for the sixth straight quarter, with weaker pricing and higher costs pressuring results despite higher volumes.

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image for news Caterpillar is Set to Report Q4 Earnings: Buy, Sell or Hold the Stock?
Caterpillar Q4 Preview: Backlog, Margins, And The AI Power Trade
CAT
Published: January 26, 2026 by: Seeking Alpha
Sentiment: Positive

I initiate Caterpillar Inc. with a Buy rating heading into the Q4 2025 print. My main focus is on the Energy & Transportation segment, since it drove the recent re-rate. CAT Q3 sales to users rose 25%, and Power Generation increased 33% on engine demand. Backlog jumped $2.4B in Q3 and was up 39% YOY. I think the stock could see a double-digit sequential increase in Q4.

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image for news Caterpillar Q4 Preview: Backlog, Margins, And The AI Power Trade
Ahead of Caterpillar (CAT) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
CAT
Published: January 26, 2026 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for Caterpillar (CAT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2025.

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image for news Ahead of Caterpillar (CAT) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Final Trades: Capital One, Medtronic, Transocean and Caterpillar
CAT, COF, MDT, RIG
Published: January 23, 2026 by: CNBC Television
Sentiment: Neutral

The Investment Committee give you their top stocks to watch for the second half.

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image for news Final Trades: Capital One, Medtronic, Transocean and Caterpillar
Analysts Estimate Caterpillar (CAT) to Report a Decline in Earnings: What to Look Out for
CAT
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Negative

Caterpillar (CAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Analysts Estimate Caterpillar (CAT) to Report a Decline in Earnings: What to Look Out for
Is Most-Watched Stock Caterpillar Inc. (CAT) Worth Betting on Now?
CAT
Published: January 21, 2026 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Caterpillar (CAT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

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image for news Is Most-Watched Stock Caterpillar Inc. (CAT) Worth Betting on Now?
Caterpillar vs. Volvo: Which Heavy Equipment Stock is the Better Buy?
CAT, VLVLY
Published: January 19, 2026 by: Zacks Investment Research
Sentiment: Negative

CAT and VLVLY face slowing demand and tariff pressures, but both are investing in technology and capacity to position for long-term infrastructure growth.

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image for news Caterpillar vs. Volvo: Which Heavy Equipment Stock is the Better Buy?
These 2 Industrial Products Stocks Could Beat Earnings: Why They Should Be on Your Radar
CAT, HUBB
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Positive

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

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image for news These 2 Industrial Products Stocks Could Beat Earnings: Why They Should Be on Your Radar
Caterpillar's 30% Payout Ratio Shows Why Its Dividend Can Survive the Next Recession
CAT
Published: January 15, 2026 by: 24/7 Wall Street
Sentiment: Neutral

Caterpillar Inc (NYSE: CAT) manufactures heavy equipment that builds the world's infrastructure.

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image for news Caterpillar's 30% Payout Ratio Shows Why Its Dividend Can Survive the Next Recession
Wall Street Roundup: Is Everything Priced In But Normalcy?
BAC, C, CAT, DAL, GS, HAL, IIPR, JBHT, META, MU, OKLO, RBLX, SNDK, VST, WFC
Published: January 09, 2026 by: Seeking Alpha
Sentiment: Neutral

AI-driven demand is fueling outsized gains in memory, storage, and power infrastructure stocks, with SNDK up 71% in a month and MU up 230% in 2025. Geopolitical events, notably US action in Venezuela, boosted oil and defense stocks, but pressured Canadian oil sands due to heavy crude competition.

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image for news Wall Street Roundup: Is Everything Priced In But Normalcy?
Trump Tariff Takedown Threat: 2 Stocks Facing Supreme Court Doom
CAT, GM
Published: January 08, 2026 by: 24/7 Wall Street
Sentiment: Negative

Caterpillar (CAT) shares rose 58% over the past year. Tariffs curbing cheap Chinese imports boosted domestic demand for Caterpillar equipment. General Motors (GM) stock climbed 53% over the past year. A 25% duty on imported trucks shielded GM models like the Chevrolet Silverado.

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image for news Trump Tariff Takedown Threat: 2 Stocks Facing Supreme Court Doom
Caterpillar Teams With NVIDIA to Revolutionize Heavy Industry with Physical AI and Robotics
CAT
Published: January 07, 2026 by: PRNewsWire
Sentiment: Neutral

AI-powered solutions to transform machines, job sites, factories and supply chains LAS VEGAS, Jan. 7, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced an expanded collaboration with NVIDIA to drive innovation across industries through next-generation, AI-enhanced customer solutions and manufacturing systems. This engagement will transform how work gets done for Caterpillar's customers, dealers and employees.

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image for news Caterpillar Teams With NVIDIA to Revolutionize Heavy Industry with Physical AI and Robotics
Caterpillar Unveils AI-Powered Future and Invests in the Workforce Building It
CAT
Published: January 07, 2026 by: PRNewsWire
Sentiment: Neutral

New Cat AI Assistant joins the Cat ecosystem as company previews machines built for the next frontier in autonomy: construction NVIDIA collaboration will accelerate the ability to turn insights into action, transforming how work gets done Company pledges $25 million to support the workforce building a better, more sustainable world LAS VEGAS, Jan. 7, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today unveiled a set of AI-powered and autonomous innovations that mark a major step forward for heavy industry, transforming machines into intelligent, connected systems that help customers build and power the world's critical infrastructure. Caterpillar CEO Joe Creed took …

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image for news Caterpillar Unveils AI-Powered Future and Invests in the Workforce Building It
Caterpillar taps Nvidia to bring AI to its construction equipment
CAT, NVDA
Published: January 07, 2026 by: TechCrunch
Sentiment: Positive

Caterpillar is diving deeper into incorporating AI and automation into its fleet of construction machinery through a partnership with semiconductor giant Nvidia.

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image for news Caterpillar taps Nvidia to bring AI to its construction equipment
Caterpillar Inc. (CAT) is Attracting Investor Attention: Here is What You Should Know
CAT
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

Caterpillar (CAT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Caterpillar Inc. (CAT) is Attracting Investor Attention: Here is What You Should Know
Caterpillar Introduces Cat AI Assistant
CAT
Published: January 06, 2026 by: PRNewsWire
Sentiment: Neutral

Information-rich AI client helps industry turn insights into action, transforms worksite experience for customers, operators and technicians LAS VEGAS, Jan. 6, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) has unveiled Cat AI Assistant, an AI-based solution that allows Cat customers to engage with Caterpillar's equipment and portfolio of digital applications in new, powerful ways. With Cat AI Assistant, Caterpillar is making it easier for customers to buy, maintain, manage and operate their equipment — no matter where they are.

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image for news Caterpillar Introduces Cat AI Assistant
Is It Worth Investing in Caterpillar (CAT) Based on Wall Street's Bullish Views?
CAT
Published: January 05, 2026 by: Zacks Investment Research
Sentiment: Positive

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

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image for news Is It Worth Investing in Caterpillar (CAT) Based on Wall Street's Bullish Views?

About Caterpillar Inc. (CAT)

  • IPO Date 1929-12-02
  • Website https://www.caterpillar.com
  • Industry Agricultural - Machinery
  • CEO Joseph E. Creed
  • Employees 112900

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators. The Resource Industries segment provides electric rope shovels, draglines, hydraulic shovels, rotary drills, hard rock vehicles, track-type tractors, mining trucks, longwall miners, wheel loaders, off-highway trucks, articulated trucks, wheel tractor scrapers, wheel dozers, fleet management, landfill compactors, soil compactors, machinery components, autonomous ready vehicles and solutions, select work tools, and safety services and mining performance solutions. The Energy & Transportation segment offers reciprocating engines, generator sets, integrated systems and solutions, turbines and turbine-related services, remanufactured reciprocating engines and components, centrifugal gas compressors, diesel-electric locomotives and components, and other rail-related products and services for marine, oil and gas, industrial, and electric power generation sectors. The company's Financial Products segment provides operating and finance leases, installment sale contracts, working capital loans, and wholesale financing plans; and insurance and risk management products for vehicles, power generation facilities, and marine vessels. The All Other operating segment manufactures filters and fluids, undercarriage, ground engaging tools, etc. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. The company was founded in 1925 and is headquartered in Deerfield, Illinois.