CATNYSE$890.1164

CATERPILLAR INC

Heavy Machinery & VehiclesVerified

Score breakdown

Valuation+2Profitability+20Sentiment+12Risk penalty-6Missing signals-2

Quality breakdown

Key fields100Profile75Conclusion85AI synthesis40Observations50

CATERPILLAR INC (CAT) is currently classified as Industrial Goods within Heavy Machinery & Vehicles (Industrials). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 98,585,000,000 USD, total equity 21,318,000,000, short-term debt 5,514,000,000, long-term debt 30,696,000,000. Net cash position is approximately -26,230,000,000 USD. Self-calculated market cap is 420,398,953,000 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 67,589,000,000, gross profit 0, operating income 11,151,000,000, net income 0. Risk profile from automated assessment: liquidity risk medium, dilution risk medium. Flags: Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk.. Management commentary signal: or stock received from (issuance to) bank in the settlement of the accelerated share repurchase agreement..

Profile

CompanyCATERPILLAR INC

ExchangeNYSE

TickerCAT

CIK0000018230

SICConstruction Machinery & Equip

SectorIndustrials

BusinessIndustrial Goods

Industry groupIndustrial Goods

IndustryHeavy Machinery & Vehicles

AI analysis

Business. CATERPILLAR INC is classified under Industrials / Heavy Machinery & Vehicles and appears not currently profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Heavy Machinery & Vehicles, Industrial Goods, Industrials.

Key takeaways

Debt to equity is about 1.7x.
Management signal detected: or stock received from (issuance to) bank in the settlement of the accelerated share repurchase agreement.
The nature of customer demand for construction machinery varies around the world.

Financial snapshot

PeriodFY2025

CurrencyUSD

Revenue$67.59B

Gross profit—

Operating income$11.15B

Net income—

R&D$2.15B

SG&A—

D&A$2.26B

SBC$242.0M

Operating cash flow$11.74B

CapEx$2.82B

Free cash flow$8.92B

Total assets$98.58B

Total liabilities$77.27B

Total equity$21.32B

Cash & equivalents$9.98B

Long-term debt$30.70B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY2025$67.59B$11.15B—$8.92B

FY2024$64.81B$13.07B—$10.05B

FY2025$64.81B$13.07B—$10.05B

FY2023$67.06B$12.97B—$11.29B

FY2024$67.06B$12.97B—$11.29B

PeriodGross %Op %Net %FCF %

FY2025————

FY2024————

FY2025————

FY2023————

FY2024————

PeriodAssetsEquityCashDebt

FY2025$98.58B$21.32B$9.98B—

FY2024$87.76B$19.49B$6.89B—

FY2025$87.76B$19.49B$6.89B—

FY2023$87.48B$19.50B$6.98B—

FY2024$87.48B$19.50B$6.98B—

PeriodOCFCapExFCFSBC

FY2025$11.74B$2.82B$8.92B$242.0M

FY2024$12.04B$1.99B$10.05B$223.0M

FY2025$12.04B$1.99B$10.05B$223.0M

FY2023$12.88B$1.60B$11.29B$208.0M

FY2024$12.88B$1.60B$11.29B$208.0M

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

Q3 2025$48.46B$8.49B—$6.22B

Q2 2025$30.82B$5.44B—$3.15B

Q3 2025————

Q1 2025$14.25B$2.58B—$579.0M

PeriodGross %Op %Net %FCF %

Q3 2025————

Q2 2025————

Q3 2025————

Q1 2025————

PeriodAssetsEquityCashDebt

Q3 2025$93.72B$20.66B$7.54B—

Q2 2025$90.33B$18.66B$5.44B—

Q3 2025—$18.66B——

Q1 2025$84.97B$18.07B$3.56B—

PeriodOCFCapExFCFSBC

Q3 2025$8.15B$1.92B$6.22B$202.0M

Q2 2025$4.41B$1.26B$3.15B$131.0M

Q3 2025————

Q1 2025$1.29B$710.0M$579.0M$45.0M

Valuation

Market price$890.11

Market cap$420.40B

Enterprise value$446.63B

P/E—

Reported non-GAAP P/E—

EV/Revenue6.6

EV/Op income40.0

EV/OCF38.0

P/B26.7

P/Tangible book26.7

Tangible book$15.76B

Net cash-$26.23B

Current ratio1.4

Debt/Equity1.7

ROA—

ROE—

Cash conversion—

CapEx/Revenue4.2%

SBC/Revenue0.4%

Asset intensity0.2

Dilution ratio1.5%

Risk assessment

Dilution riskMedium

Liquidity riskMedium

Net cash is negative after subtracting total debt.
Source documents mention dilution or offering risk.

Industry benchmarks

Activity: Industrial Goods · cohort 13 companies

MetricCATActivity

Op margin16.5%9.4% medp25 9.4% · p75 9.4%top quartile

Net margin—5.8% medp25 5.8% · p75 5.8%

Gross margin—26.9% medp25 26.9% · p75 26.9%

R&D / revenue3.2%2.0% medp25 1.6% · p75 3.0%top quartile

CapEx / revenue4.2%2.4% medp25 1.6% · p75 3.3%top quartile

Debt / equity170.0%106.4% medp25 106.4% · p75 106.4%top quartile

Observations

IR observations

Mean price target783.90 USD

Median price target769.00 USD

High price target1,165.00 USD

Low price target430.00 USD

Mean recommendation2.37 (1=strong buy, 5=strong sell)

Strong-buy count7.00

Buy count8.00

Hold count12.00

Sell count3.00

Strong-sell count0.00

Mean EPS estimate23.19 USD

Last actual EPS19.06 USD

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

SEC filingstype companyfacts · CIK 0000018230 · 701 us-gaap concepts

data.sec.gov/CIK0000018230.json

2026-05-01 02:28 UTC#777514d3

Market quoteclose USD 890.11 · shares 0.47B diluted

no public URL

2026-05-01 02:28 UTC#4d21a2db

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 02:28 UTCJob: 87cb3a11