Full history for every metric is available with a Kvantra account
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $bn | 41.7 | 51.0 | 59.4 | 67.1 | 64.8 | 67.6 | 77.8 | 79.5 |
| Operating profit | $bn | 11.2 | 14.3 | ||||||
| Net profit | $bn | 3.0 | 6.5 | 6.7 | 10.3 | 10.8 | 8.9 | 11.8 | 12.5 |
| EPS reported | $ | 18.83 | 25.49 | ||||||
| Operating cashflow per share | $ | 25.16 | 30.90 | ||||||
| Capex per share | $ | 9.19 | 9.95 | ||||||
| FCF per share | $ | 15.98 | 20.95 | ||||||
| Free cash flow | $bn | 7.45 | 9.62 | ||||||
| Net debt | $bn | 33.4 | 37.3 | ||||||
| Book value equity | $bn | 21.3 | 21.5 | ||||||
| Book value per share | $ | 45.45 | 46.61 | ||||||
| Number of shares | m | 469 | 460.9 | ||||||
| DPS (TTM paid) | $ | 5.84 | 6.28 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 30.42 | 22.93 | ||||||
| P/B LTM | x | 12.54 | 12.45 | ||||||
| P/S LTM | x | 3.95 | 3.44 | ||||||
| P/FCF LTM | x | 35.86 | 27.82 | ||||||
| EV/EBITDA LTM | x | 20.24 | 16.64 | ||||||
| EV/Sales LTM | x | 4.45 | 3.92 | ||||||
| Earnings Yield LTM | % | 3.29% | 4.36% | ||||||
| FCF Yield | % | 2.79% | 3.59% | ||||||
| Quality | |||||||||
| ROE | % | 41.62% | 58.52% | ||||||
| ROIC | % | 11.42% | 14.02% | ||||||
| Operating margin | % | 16.59% | 18.33% | ||||||
| Gross margin | % | 32.34% | 34.33% | ||||||
| FCF/Sales | % | 11.03% | 12.36% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -14.60% | +30.79% | ||||||
| Sales Growth YoY | % | +4.29% | +20.26% | ||||||
| Net Income Growth YoY | % | -17.78% | +27.71% | ||||||
| FCF Growth | % | -15.50% | +27.20% | ||||||
| Operating Profit Growth | % | -14.24% | +24.23% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 1.03% | 1.07% | ||||||
| Dividend Growth | % | +7.75% | +7.53% | ||||||
| Payout Ratio | % | 31.13% | 24.10% | ||||||
| FCF/Debt | x | 0.17 | 0.21 | ||||||
| Net Debt/EBITDA | x | 2.25 | 2.04 | ||||||
| EBIT/Net interest | x | 10.88 | 16.27 | ||||||
| Net debt/market cap | % | 12.48% | 13.93% | ||||||
| Net debt/Equity | x | 1.56 | 1.73 | ||||||
| Gross debt/equity | x | 2.03 | 2.10 | ||||||
ETFs that hold Caterpillar
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard Morningstar Value ETF | VTV | 10 | 1.41% |
| Vanguard High Dividend Yield ETF | VYM | 8 | 1.56% |
| State Street SPDR Dow Jones Industrial Average ETF Trust | DIA | 2 | 6.38% |
| State Street Industrial Select Sector SPDR ETF | XLI | 3 | 4.93% |
| Amplify CWP Enhanced Dividend Income ETF | DIVO | 10 | 4.11% |
| Vanguard Industrials ETF | VIS | 1 | 5.60% |
| iShares U.S. Infrastructure ETF | IFRA | 8 | 2.90% |
| iShares MSCI USA Quality GARP ETF | GARP | 8 | 2.84% |
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | WCOA.L | 4 | 6.27% |
| Fidelity MSCI Industrials Index ETF | FIDU | 3 | 4.01% |
Funds with Caterpillar among their ten largest holdings, largest fund first.
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
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. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capital loans, and wholesale financing schemes. It also offers insurance and risk management products tailored for vehicles, power generation facilities, and marine vessels. All Other: This encompassing segment is responsible for manufacturing essential consumables and components like filters, fluids, undercarriage parts, and ground engaging tools.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard Morningstar Value ETF | VTV | 10 | 1.41% |
| Vanguard High Dividend Yield ETF | VYM | 8 | 1.56% |
| State Street SPDR Dow Jones Industrial Average ETF Trust | DIA | 2 | 6.38% |
| State Street Industrial Select Sector SPDR ETF | XLI | 3 | 4.93% |
| Amplify CWP Enhanced Dividend Income ETF | DIVO | 10 | 4.11% |
| Vanguard Industrials ETF | VIS | 1 | 5.60% |
| iShares U.S. Infrastructure ETF | IFRA | 8 | 2.90% |
| iShares MSCI USA Quality GARP ETF | GARP | 8 | 2.84% |
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | WCOA.L | 4 | 6.27% |
| Fidelity MSCI Industrials Index ETF | FIDU | 3 | 4.01% |
Funds with Caterpillar among their ten largest holdings, largest fund first.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
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. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capital loans, and wholesale financing schemes. It also offers insurance and risk management products tailored for vehicles, power generation facilities, and marine vessels. All Other: This encompassing segment is responsible for manufacturing essential consumables and components like filters, fluids, undercarriage parts, and ground engaging tools.
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