Stock AnalizCaterpillar Inc. CAT
Construction/Ag Equipment/Trucks · data as of November 13, 2026
Caterpillar Inc. (CAT) is a industrial company listed in the US with a market value of about $274.6B. In the twelve months to September 30, 2026 it had revenue of $77.8B and net income of $11.8B, a net margin of 15.2%.
Its overall Stock Analiz score is 3.4 out of 5 (good). The strongest part is track record (5/5); the weakest is future growth (1/5).
Key numbers: a P/E of 23.5, a price to free cash flow of 24.4, 5-year revenue growth of 10% a year, a 5-year average ROIC of 16%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 6% above the current price.
Score: 3.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Checks not passed
- P/FCF below 20
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- More cash than debt, or low debt to equity
- Debt below 3 years of free cash flow
- Liabilities below 60% of assets
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.8B | $67.6B | $64.8B | $67.1B | $59.4B | $51.0B | $41.7B | $53.8B | $54.7B | $45.5B | $38.5B |
| Net income | $11.8B | $8.9B | $10.8B | $10.3B | $6.7B | $6.5B | $3.0B | $6.1B | $6.1B | $754M | -$67M |
| Free cash flow | $11.3B | $8.9B | $10.0B | $11.3B | $6.5B | $6.1B | $5.3B | $5.9B | $5.3B | $4.8B | $4.5B |
| EPS (diluted) | $25.49 | $18.81 | $22.05 | $20.12 | $12.64 | $11.83 | $5.46 | $10.74 | $10.26 | $1.26 | $-0.11 |
| Net margin | 15.2% | 13.1% | 16.7% | 15.4% | 11.3% | 12.7% | 7.2% | 11.3% | 11.2% | 1.7% | -0.2% |
| ROIC | — | 14.5% | 20.3% | 20.7% | 12.5% | 11.2% | 7.7% | 13.8% | 14.5% | 8.3% | 2.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 26 analysts is $823.41, 37% above the current price; targets range from $575.00 to $1044.68; the consensus rating is “Buy”; expected EPS is $27.11 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Caterpillar’s P/E ratio?
About 23.5, based on the last twelve months of diluted earnings per share (forward P/E about 20.7).
Is Caterpillar stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 6% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Caterpillar pay a dividend?
Yes. The dividend yield is about 1.08%, and it has paid dividends for 10 years in our data.
Is Caterpillar a good stock to buy?
We do not give buy or sell advice. Caterpillar scores 3.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.