CAT

CATERPILLAR INC

IndustrialsCIK 0000018230

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Market Cap
$489.53B
P/E (TTM)
45.6x
Rev Growth (TTM)
+18.4%
Net Margin (TTM)
14.5%
FCF Yield (TTM)
2.2%
FCF Margin (TTM)
14.3%

Filings

Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.

What your agent reads

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
13 days ago
8-K release
Revenue
$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: 4.7%Top 25%
OCF Margin18.2%
OCF/NI1.25x
CapEx Coverage4.7x
FCF Yield2.2%
FCF Growth (2Y)+7%
Cash Conversion Cycle
127 days
DSO: 54+DIO: 142DPO: 68
Cash flow trends & capital efficiency

Capital Allocation

Total Shareholder YieldTTM
TTM1.9%
Div Yield0.6%
+
Buyback (TTM)1.4%
Dividend & Payout Metrics
Dividend Yield (TTM)0.6%
FCF Payout Ratio26.0%
Free Cash Flow (TTM)$10.7B
Stock Repurchases (TTM)$6.7B
Capital Return / FCF89.2%
Est. Dividends Paid (TTM)$2.8B
Shows how management rewards shareholders

Valuation Metrics

Price-to-EarningsTTM
45.6x
Volatile
8Q: 22.6x+1794%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
45.6x
vs sector
Cash Flow
29.9x
EV/FCF vs
Growth-Adj
2.5xPEG
Expensive for growth
Quality-Adj
2.7P/E per %ROIC
ROIC: 16.9%
Shareholder Returns
Dividend
0.6%
Buyback
1.4%
Total Yield
1.9%
Market Cap$489.53B
EV$522.92B
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% YoY+0.8%
P25MedianP75
75th pctl (med: 0.1%)
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

D/E 2.07x
Net Debt / EBITDA
Net Debt: $33.39B
Interest Coverage
Leverage Metrics
Debt-to-Equity
2.07x
Balance sheet risk & solvency analysis