CAT
CATERPILLAR INC
Industrials • NYSE • CIK 0000018230
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Market Cap
$372.72B
P/E (TTM)
34.7x
Rev Growth (TTM)
+18.4%
Net Margin (TTM)
14.5%
FCF Yield (TTM)
2.9%
FCF Margin (TTM)
14.3%
Figures as of June 30, 2026
Filings
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
8-KSep 20262026-09-01source
10-Q2026 Q22026-08-05source
8-KEarnings2026-08-04source
8-KJun 20262026-06-11source
10-Q2026 Q12026-05-06source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q2
about 2 months ago
8-K releaseRevenue
$20.54B
+24.0%
Net Income
$3.59B
+64.9%
EPS
$7.77
+68.2%
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow8/8 positive
TTM$10.7B
Q2 '26
$3.8B+231%
Q1 '26
$1.1B-58%
FCF Margin
TTM14.3%
Q2 '2618.4%+181%
Sector: 6.1%Top 25%
OCF Margin
18.2%
OCF/NI1.25x
CapEx Coverage
4.7x
FCF Yield2.9%
FCF Growth (3Y)+7%
Cash Conversion Cycle
127 days
DSO: 54+DIO: 142−DPO: 68
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM2.6%
Div Yield0.7%
+Buyback (TTM)1.8%
Dividend & Payout Metrics
Dividend Yield (TTM)0.7%
FCF Payout Ratio26.0%
Free Cash Flow (TTM)$10.7B
Stock Repurchases (TTM)$6.7B
Capital Return / FCF89.2%
Shares Outstanding (YoY)-1.9%↓ Buyback
Est. Dividends Paid (TTM)$2.8B
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
34.7x
Volatile
8Q: 22.6x+1793%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
34.7x
vs – sector
Cash Flow
38.0x
EV/FCF vs –
Growth-Adj
1.9xPEG
Fair for growth
Quality-Adj
2.1P/E per %ROIC
ROIC: 16.9%
Shareholder Returns
Dividend
0.7%
Buyback
1.8%
Total Yield
2.6%
Market Cap$372.72B
EV$406.11B
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
34.3%
Operating
17.5%
Top 25% in sector
Net
14.5%
Margins Unknown
Return on Invested CapitalTTM
16.9%
Stable
-0.0% YoY8Q: 16.2%+0.8%
P25MedianP75
75th pctl (med: 7.2%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
13.4%
8Q: 14.0%
Asset Turnover
0.78x
8Q: 0.76x
Leverage (1+D/E)
3.07x
D/E: 2.07x
DuPont: 32.0% ≈ 16.9% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
5.03x
8Q:4.98x
+24.3%
Invested Cap Turn
2.15x
8Q:2.16x
+13.8%
CapEx Intensity
8.2%
8Q:8.1%
CapEx/Depreciation
1.21x
FCF vs Net Margin Gap-0.2 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
ND/EBITDA 2.1x
Net Debt / EBITDA
2.1xNet Debt: $33.39B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
2.07x
Balance sheet risk & solvency analysis
Related Research
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