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    C

    Caterpillar Inc (CAT)

    Official site

    INDUSTRIALS • FARM & HEAVY CONSTRUCTION MACHINERY • NYSE

    $735.61
    -13.37 (-1.79%)

    Market Cap: $338.16B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    79%(31/39)
    Avg Surprise
    +16.01%
    Streak
    4 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$6.93
    Range$6.23 - $7.96
    21 analysts
    EPS Revisions
    1
    0
    7d
    16
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$6.42+8.0%
    60d ago$6.89+0.6%
    30d ago$6.92+0.2%
    7d ago$6.92+0.2%
    Current$6.93
    Revenue Consensus
    $20.5B
    Range$20.0B - $21.0B
    12 analysts
    Period ending Dec 31, 2026
    EPS Consensus$9.43
    Range$6.49 - $11.38
    27 analysts
    Revenue Consensus
    $23.1B
    Range$19.8B - $24.9B
    17 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$9.43---
    Sep 26EST
    		-$6.93---
    Jun 26
    Reported Aug 4
    		$8.17$6.25+30.72%Beat+73.1%
    Mar 26
    Reported Apr 30
    		$5.54$4.64+19.40%Beat+30.4%
    Dec 25
    Reported Jan 29
    		$5.16$4.71+9.55%Beat+0.4%
    Sep 25
    Reported Oct 29
    		$4.95$4.52+9.51%Beat-4.3%
    Jun 25
    Reported Aug 5
    		$4.72$4.90-3.67%Miss-21.2%
    Mar 25
    Reported Apr 30
    		$4.25$4.34-2.07%Miss-24.1%
    Dec 24
    Reported Jan 30
    		$5.14$5.03+2.19%Beat-1.7%
    Sep 24
    Reported Oct 30
    		$5.17$5.35-3.36%Miss-6.3%
    Jun 24
    Reported Aug 6
    		$5.99$5.54+8.12%Beat+7.9%
    Mar 24
    Reported Apr 25
    		$5.60$5.14+8.95%Beat+14.1%
    Dec 23
    Reported Feb 5
    		$5.23$4.75+10.11%Beat+35.5%
    Sep 23
    Reported Oct 31
    		$5.52$4.79+15.24%Beat+39.7%
    Jun 23
    Reported Aug 1
    		$5.55$4.58+21.18%Beat+74.5%
    Mar 23
    Reported Apr 27
    		$4.91$3.79+29.55%Beat+70.5%
    Dec 22
    Reported Jan 31
    		$3.86$4.03-4.22%Miss+43.5%
    Sep 22
    Reported Oct 27
    		$3.95$3.17+24.61%Beat+48.5%
    Jun 22
    Reported Aug 2
    		$3.18$3.02+5.30%Beat+22.3%
    Mar 22
    Reported Apr 28
    		$2.88$2.60+10.77%Beat+0.3%
    Dec 21
    Reported Jan 28
    		$2.69$2.26+19.03%Beat+26.9%
    Sep 21
    Reported Oct 28
    		$2.66$2.20+20.91%Beat+98.5%
    Jun 21
    Reported Jul 30
    		$2.60$2.41+7.88%Beat+152.4%
    Mar 21
    Reported Apr 29
    		$2.87$1.94+47.94%Beat+79.4%
    Dec 20
    Reported Jan 29
    		$2.12$1.49+42.28%Beat-19.4%
    Sep 20
    Reported Oct 27
    		$1.34$1.18+13.56%Beat-49.6%
    Jun 20
    Reported Jul 31
    		$1.03$0.72+43.06%Beat-63.6%
    Mar 20
    Reported Apr 28
    		$1.60$1.67-4.19%Miss-45.6%
    Dec 19
    Reported Jan 31
    		$2.63$2.38+10.50%Beat+3.1%
    Sep 19
    Reported Oct 23
    		$2.66$2.89-7.96%Miss-7.0%
    Jun 19
    Reported Jul 24
    		$2.83$3.12-9.29%Miss-4.7%
    Mar 19
    Reported Apr 24
    		$2.94$2.86+2.80%Beat+4.3%
    Dec 18
    Reported Jan 28
    		$2.55$2.99-14.72%Miss+18.1%
    Sep 18
    Reported Oct 23
    		$2.86$2.85+0.35%Beat+46.7%
    Jun 18
    Reported Jul 30
    		$2.97$2.74+8.39%Beat+99.3%
    Mar 18
    Reported Apr 24
    		$2.82$2.12+33.02%Beat+120.3%
    Dec 17
    Reported Jan 25
    		$2.16$1.78+21.35%Beat+160.2%
    Sep 17
    Reported Oct 24
    		$1.95$1.28+52.34%Beat-
    Jun 17
    Reported Jul 25
    		$1.49$1.26+18.25%Beat-
    Mar 17
    Reported Apr 25
    		$1.28$0.63+103.17%Beat-
    Dec 16
    Reported Jan 26
    		$0.83$0.67+23.88%Beat-

    Dividends

    Dividend Metrics

    Forward Yield0.89%
    Forward Annual Dividend$6.52
    Payout Ratio26.16%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+8.12%
    5Y CAGR+7.23%
    CAT dividend history and ex-dividend datesRun CAT in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio30.88EV/EBITDA22.41x
    Price/FCF37.66xFCF Yield2.66%
    Profitability
    Profit Margin14.50%Operating Margin22.20%
    ROE57.00%ROIC17.13%
    Financial Health
    Debt/Equity2.33xInterest Coverage27.32x
    Current Ratio1.37xQuick Ratio0.85x
    Trading Statistics
    Beta1.58Avg Volume2.60M
    52-Week High$1071.4752-Week Low$507.11

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$802.42
    SMA 20$809.01
    SMA 50$815.28
    SMA 200$803.60
    EMA 10$785.89
    EMA 20$799.74
    EMA 50$819.11
    EMA 200$777.53

    MACD

    Line: -13.98Signal: -5.05Hist: -8.93

    ADX

    ADX: 16.4+DI: 16.1-DI: 41.2

    Aroon & PSAR

    Aroon Up72.0
    Aroon Down100.0
    PSAR$849.58

    Bollinger Bands

    Upper Band$869.63
    Lower Band$748.40
    %B Position1498%(Upper)
    Band Width-0.11

    RSI (14-Day)

    Neutral
    31.5

    Momentum Oscillators

    Stoch %K12.6
    Stoch %D12.1
    Williams %R-81.7
    ROC (10d)-11.0%
    Momentum-90.74
    CCI (20d)-267.9
    MFI (14d)35.5

    Volatility Measures

    ATR (14d)$28.45(3.9%)
    StdDev (20d)30.31
    Hist Vol33.4%(Moderate)

    Volume Flow

    VWAP$726.60
    OBV113.1M
    AD Line-270.6M
    CMF (20d)0.150

    Volume Metrics

    Avg Vol (20d)2.6M
    Vol Ratio1.7x(High)
    VWMA (20d)$803.62

    Pivot Points

    R3$793.88
    R2$782.11
    R1$765.55
    Pivot Point$753.78
    S1$737.21
    S2$725.44
    S3$708.88

    Advanced Oscillators

    TSI-14.67
    Ultimate Osc39.7
    KST-7.57

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$20.54B$17.41B$19.13B$17.64B$16.57B$14.25B$16.21B$16.11B$16.69B$15.80B$17.07B$16.81B
    Cost of Revenue$12.78B$11.31B$13.31B$11.67B$10.81B$8.96B$10.32B$10.07B$10.15B$9.66B$11.02B$10.58B
    Gross Profit$7.76B$6.11B$5.83B$5.96B$5.76B$5.28B$5.89B$6.04B$6.54B$6.14B$6.05B$6.23B
    Operating Expenses$3.47B$3.02B$3.17B$2.91B$2.90B$2.71B$2.97B$2.89B$3.06B$2.62B$3.17B$2.78B
    R&D$616.00M$537.00M$562.00M$555.00M$551.00M$480.00M$519.00M$533.00M$535.00M$520.00M$554.00M$554.00M
    SG&A$2.02B$1.82B$1.88B$1.82B$1.69B$1.59B$1.77B$1.67B$1.65B$1.58B$1.76B$1.62B
    Operating Income$4.29B$3.08B$2.66B$3.05B$2.86B$2.58B$2.92B$3.15B$3.48B$3.52B$3.13B$3.45B
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$135.00M$134.00M$127.00M$133.00M$126.00M$116.00M$107.00M$125.00M$137.00M$143.00M$-119,000,000$129.00M
    Income Before Tax$4.56B$3.21B$3.03B$3.13B$2.82B$2.57B$3.24B$3.10B$3.50B$3.53B$3.25B$3.52B
    Income Tax Expense$1.05B$670.00M$712.00M$836.00M$646.00M$574.00M$463.00M$642.00M$836.00M$688.00M$587.00M$734.00M
    Net Income$3.59B$2.55B$2.40B$2.30B$2.18B$2.00B$2.79B$2.46B$2.68B$2.85B$2.67B$2.79B
    EBITDA$5.31B$3.94B$3.75B$3.83B$3.50B$3.23B$3.90B$3.77B$4.17B$4.20B$3.92B$4.17B
    EBIT$4.69B$3.35B$3.15B$3.26B$2.94B$2.69B$3.35B$3.22B$3.64B$3.67B$3.38B$3.64B
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $194.48M
    Gov Obligations / Revenue
    0.3%
    Obligations YoY
    -57.7%
    Active Awards
    322
    New Awards (TTM)
    194
    Avg Remaining Term
    7.0 mo

    Top agency: Department of Defense at 91.6% of trailing twelve month obligations across 9 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    W912CH26F0173Department of DefenseDepartment of the Army$25.31MMar 20, 2026
    W91CRB26FA009Department of DefenseDepartment of the Army$23.35MOct 9, 2025
    SPRDL126C0001Department of DefenseDefense Logistics Agency$20.79MNov 3, 2025
    W912CH26F0106Department of DefenseDepartment of the Army$12.78MJan 15, 2026
    W912CH26F0058Department of DefenseDepartment of the Army$6.50MJan 12, 2026
    SPRDL125C0120Department of DefenseDefense Logistics Agency$5.18MSep 30, 2025
    SPE8EC25F0921Department of DefenseDefense Logistics Agency$4.62MAug 12, 2025
    SPE8EC26F0445Department of DefenseDefense Logistics Agency$4.58MApr 28, 2026
    SPE8EC25F0884Department of DefenseDefense Logistics Agency$4.30MAug 4, 2025
    SPE8EC26F0409Department of DefenseDefense Logistics Agency$3.38MApr 13, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

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    Can CAT's North Carolina Investments Support Sustainable Growth?

    Caterpillar Inc. has committed $10 million to North Carolina as part of its "Building the Future Workforce" Initiative...

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    CAT Valuation and Fair Value

    P/E
    30.9x
    Forward P/E
    25.4x
    EV/EBITDA
    22.4x
    P/FCF
    37.7x
    PEG
    1.4x
    P/B
    17.5x
    See GNG's fair value

    CAT Profitability: Margins, ROIC and FCF

    Gross margin
    34.3%
    Operating margin
    22.2%
    Net margin
    14.5%
    ROIC
    17.1%
    ROE
    57.0%
    FCF margin
    12.0%
    FCF yield
    2.7%

    CAT Competitors

    CompanyTicker
    Space Exploration Technologies Corp. Class A Common StockSPCX
    GE AerospaceGE
    RTX CorporationRTX
    GE Vernova LLCGEV
    Deere & CompanyDE
    Union Pacific CorporationUNP
    Eaton Corporation PLCETN
    The Boeing CompanyBA

    Sector: Industrials

    CAT Analyst Ratings

    Consensus
    Hold
    Analysts
    28
    Strong Buy
    1
    Buy
    14
    Hold
    11
    Sell
    1
    Strong Sell
    1

    CAT Bull Case vs Bear Case

    Bull case

    • CAT earns a 17.1% return on invested capital.
    • CAT grew quarterly revenue 24.0% year over year.

    Bear case

    • CAT has a debt-to-equity ratio of 2.3x.

    CAT Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    7.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $6.93
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    16 up, 2 down

    CAT Dividend

    Forward yield
    0.9%
    Payout ratio
    26.2%
    3Y DPS growth
    8.1%
    5Y DPS growth
    7.2%
    Pay months
    Feb, May, Aug, Nov
    CAT dividend history

    Frequently Asked Questions About CAT

    What is CAT's current dividend yield?

    Caterpillar Inc (CAT) has a forward dividend yield of 0.89%.

    Does CAT pay dividends?

    Yes, Caterpillar Inc pays dividends with a forward dividend yield of 0.89%.

    What is CAT's P/E ratio?

    Caterpillar Inc has a price-to-earnings (P/E) ratio of 30.88.

    What is CAT's market cap?

    Caterpillar Inc (CAT) has a market capitalization of $338.16B with a current stock price of $735.61.

    Related stocks

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