Caterpillar, Inc.: stock overview

CATNYSEIndustrials · Construction Machinery & Equip

Price

$600.20

November 13, 2026Market cap $279B

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  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
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In short

Caterpillar had revenue of $77.8B over the last 12 months and net income of $11.8B, a net margin of 15.2%. Revenue grew by 10.1% a year on average over the last 5 years. At $600.20 the shares trade at a P/E of 23.6, against a median of 17.5 over the last 5 fiscal years. It has net debt of $34.5B. It pays a dividend yielding 1.02%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$279B
465M shares
P/E
23.6
Today23.6
Median17.5
Revenue, 12 months
$77.8B
+10.1% a year over 5 years
Net margin
15.2%
2025: 13.1%, above 77% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+0.4% a year over 2 years

  • 202510-K
    Revenue$67.6B
  • 202410-K
    Revenue$64.8B
  • 202310-K
    Revenue$67.1B

Fiscal years in figures

CAT's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $173B
$279B
Enterprise value 
$314B
P/E 3-year median: 16.5
23.6
EV / EBIT 
22.0
EV / Revenue 
4.0
P/B 3-year median: 8.9
13.0
FCF yield 3-year median: 5.8%
4.0%
Earnings yield 3-year median: 6.1%
4.2%

Profitability

Gross margin 
34.8%
Operating margin 
18.3%
Net margin 3-year median: 15.4%
15.2%
ROIC 
21.1%
ROIC, 5-year average 
16.2%
ROE 
58.3%

Growth

Revenue, yearly change 
+4.3%
EPS, yearly change 
-14.7%
FCF, yearly change 
-11.2%
Revenue, average a year 
+10.1%
EPS, average a year 
+28.1%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$8.8B
Total debt 
$43.3B
Net debt 
$34.5B
Net debt / EBITDA 
2.1x
Interest cover 
–
Current ratio 
1.42

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 1.5%
1.02%
Buybacks 
1.86%
Total returned 
2.88%
Shares, yearly change 
-2.6%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 35).

Operating margin

16.5%

Above 79% of the 138 companies in its industry, and 77% of all.

Net margin

13.1%

Above 77% of the 147 companies in its industry, and 72% of all.

ROE

41.7%

Above 94% of the 136 companies in its industry, and 95% of all.

ROA

9.0%

Above 84% of the 146 companies in its industry, and 85% of all.

Revenue growth

4.3%

Above 46% of the 144 companies in its industry, and 43% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
CATERPILLAR INC
CIK
18230
Exchange
NYSE
Industry (SIC)
3531 · Construction Machinery & Equip
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
465M

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The full analysis

What do Caterpillar's filings show?

These are Caterpillar's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about CAT

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What is CAT's market cap?

Caterpillar, Inc.'s market cap is $279B, at a price of $600.20 on November 13, 2026 and 465M shares.

What is CAT's P/E?

CAT's P/E is 23.6, on earnings per share of $25.49 over the last 12 months. The median over the last 5 fiscal years was 17.5.

How much revenue does CAT have?

Caterpillar had revenue of $77.8B over the last 12 months. Over the last 5 years it changed by +10.1% a year on average.

Does CAT pay a dividend?

Yes. Caterpillar paid $6.13 per share over the last 12 months, a yield of 1.02% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Caterpillar, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.