Caterpillar Inc.
CATNYSE
$684.05
Last price · USD
- Market cap
- $320.8B
- P/E
- 36.3x
- EV / EBITDA
- 23.8x
- P/S
- 4.7x
- FCF yield
- 3.2%
- Div. yield
- 0.86%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Revenue
$67.59B
+4.3%
4Y CAGR +7.3%
Gross profit
$21.86B
-6.3%
4Y CAGR +9.9%
Operating income
$11.21B
-14.2%
4Y CAGR +13.0%
Net income
$8.87B
-17.8%
4Y CAGR +8.1%
EPS (diluted)
$18.83
-14.6%
4Y CAGR +12.3%
Free cash flow
$10.27B
+16.5%
4Y CAGR +21.4%
Revenue & net income
Fiscal 2021–2025 · USD
RevenueNet income
Valuation
At $684.05 · FY2025 fundamentals
- Market cap
- $320.8B
- Enterprise value
- $354.2B
- P/E
- 36.3x
- P/S
- 4.7x
- P/B
- 15.0x
- EV / EBITDA
- 23.8x
- EV / Sales
- 5.2x
- Earnings yield
- 2.8%
- FCF yield
- 3.2%
- Shareholder yield
- 2.5%
Profitability
Margins as a share of revenue
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Gross margin | 32.3%+2.9pp | 29.4% | |
| Operating margin | 16.6%+3.1pp | 13.5% | |
| EBITDA margin | 22.0%+0.3pp | 21.7% | |
| Net margin | 13.1%+0.4pp | 12.7% | |
| FCF margin | 15.2%+5.9pp | 9.3% |
Returns & financial health
FY2025 with 4-year trend
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Return on equity | 41.6% | 39.4% | |
| Return on invested capital | 15.6% | 12.0% | |
| Return on assets | 9.0% | 7.8% | |
| Debt / equity | 2.03x | 2.29x | |
| Net debt / EBITDA | 2.25x | 2.58x | |
| Current ratio | 1.44x | 1.46x |
Cash & equivalents
$9.98B
Total debt
$43.33B
Capital allocation
How CAT used its cash in FY2025
- Operating cash flow
- $11.74B
- Capital expenditure
- $1.47B
- Dividends paid
- $2.75B
- Share repurchases
- $5.19B
- Stock-based compensation
- $242M
- Diluted shares
- 469.0M
- Share count change (4Y)
- -14.5%
Analyst estimates
Consensus for upcoming fiscal years
| Fiscal year | Revenue | Growth | EPS | Growth |
|---|---|---|---|---|
| FY2025 actual | $67.59B | $18.83 | ||
| FY2026E19 analysts | $79.95B | +18.3% | $27.39 | +45.5% |
| FY2027E19 analysts | $88.90B | +11.2% | $32.59 | +19.0% |
| FY2028E11 analysts | $98.52B | +10.8% | $39.27 | +20.5% |
About Caterpillar Inc.
Industrials · Agricultural - Machinery
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.
caterpillar.com- Sector
- Industrials
- Industry
- Agricultural - Machinery
- CEO
- Joseph E. Creed
- Employees
- 118,000
- Headquarters
- Irving, TX, US
- IPO date
- 1929-12-02
Caterpillar Inc. (CAT) — frequently asked questions
Answered from the company's SEC filings
Caterpillar Inc. , a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co.
Explore the full income statement, balance sheet and cash flow statement. Not investment advice.