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Caterpillar Inc.
CATIndustrialsGenerated Aug 19, 2026, 11:14 PM UTC
CAT (Caterpillar Inc.) analytical snapshot. Revenue grew +4.3% YoY to $67.59B. 5-year revenue CAGR +5.8%; 10y CAGR +6.4%. Net margin at 0.00% (contracting ▼). Market cap $375.16B at $816.15 per share. Trailing P/E 43.39, P/S 5.55, P/B 19.34. EV/Operating income ≈ 35.79 (EV $399.15B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -18 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$375.16B
459.67M shares
Price
$816.15
NYQ
P/E (ttm)
43.39
Revenue (FY)
$67.59B
YoY +4.3%
Net margin
0.00%
▼ 0.00pp
Free cash flow
$8.92B
13.19% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Feb 13, 2026. Latest quarterly report (10-Q) filed Aug 5, 2026. 6 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 13, 2026.
- Latest quarterly report (10-Q) filed Aug 5, 2026.
- 6 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Caterpillar Inc.; broad institutional reporting.
- Recent filers include COLUMBIA CAPITAL LLC, Axiom Investment Management LLC, SCOPIA MANAGEMENT INC.
- 2 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 18 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 13, 2026
Annual report
Latest 10-Q
Aug 5, 2026
8-K (recent)
6
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
2
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| COLUMBIA CAPITAL LLC | 13F-HR | Mar 5, 2013 |
| Axiom Investment Management LLC | 13F-HR | Feb 14, 2023 |
| SCOPIA MANAGEMENT INC | 13F-HR | May 14, 2010 |
| SCOPIA MANAGEMENT INC | 13F-HR | May 14, 2010 |
| SCOPIA MANAGEMENT INC | 13F-HR | Feb 14, 2011 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Aug 4, 2026 | 8-K | 8-K |
| Jun 11, 2026 | 8-K | FORM 8-K |
| Apr 30, 2026 | 8-K | 8-K |
| Apr 13, 2026 | 8-K | FORM 8-K |
| Apr 10, 2026 | 8-K | FORM 8-K |
| Mar 26, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -32Deteriorating
70% conf
3 risk signal(s), 2 positive signal(s) detected from XBRL filing diff analysis. Revenue grew +4.3% but receivables grew +17.6% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +17.6% YoY vs revenue growth of +4.3%. The +13.4% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Material weakness in internal controls: The term "material weakness" "internal control" appears in 2 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 5 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 3.91x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +42.7% to $3.31B, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- Endogenous analysis: Revenue grew +4.3% but receivables grew +17.6% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- 4 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
Revenue
$67.59B
+4.3% YoY
Gross profit
$2.79B
+20.7% YoY
Operating income
$11.15B
-14.7% YoY
Net income
$3.00B
-50.7% YoY
Operating cash flow
$11.74B
-2.5% YoY
Capex
$2.82B
+41.9% YoY
Total assets
$98.58B
+12.3% YoY
Total liabilities
$77.27B
+13.2% YoY
Filing quality score
68/100
4 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $64.81B | $67.59B | $2.78B | +4.3% |
| Gross profit | $2.31B | $2.79B | $477.0M | +20.7% |
| Operating income | $13.07B | $11.15B | $-1.92B | -14.7% |
| Net income | $6.09B | $3.00B | $-3.09B | -50.7% |
| Operating cash flow | $12.04B | $11.74B | $-296.0M | -2.5% |
| Capex | $1.99B | $2.82B | $833.0M | +41.9% |
| Total assets | $87.76B | $98.58B | $10.82B | +12.3% |
| Total liabilities | $68.27B | $77.27B | $9.00B | +13.2% |
| Long-term debt | $27.35B | $30.70B | $3.35B | +12.2% |
| Cash & equivalents | $6.89B | $9.98B | $3.09B | +44.9% |
| Stockholders equity | $19.49B | $21.32B | $1.82B | +9.4% |
| Inventory | $16.83B | $18.14B | $1.31B | +7.8% |
| Accounts receivable | $9.28B | $10.92B | $1.64B | +17.6% |
| R&D expense | $2.11B | $2.15B | $41.0M | +1.9% |
| SG&A expense | $6.67B | $6.99B | $318.0M | +4.8% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount, FinitelivedIntangibleAssetsAcquired1, GoodwillAcquiredDuringPeriod, ReceivableForRecoveryOfImportDutiesNet |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition, CostOfGoodsAndServicesSold, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit, DeferredForeignIncomeTaxExpenseBenefit, DeferredIncomeTaxLiabilities |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 2 | 2 | Ongoing |
| Restatement of financial statements | high | 5 | 1 | Ongoing |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 6 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 2 | Ongoing |
| Related party transactions | low | 2 | 0 | NEW |
Filing signal breakdown
Red flags: 3
Positive: 2
Watch: 0
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -5Stable
80% conf
Revenue grew +4.3% YoY to $67.59B. 5-year revenue CAGR +5.8%; 10y CAGR +6.4%. Net margin at 0.00% (contracting ▼).
- Revenue grew +4.3% YoY to $67.59B.
- 5-year revenue CAGR +5.8%; 10y CAGR +6.4%.
- Net margin at 0.00% (contracting ▼).
- Return on equity 0.00%, ROA 0.00%, ROIC 21.44%.
- Gross margin 0.00%, operating margin 16.50%.
- Free cash flow margin 13.19% ($8.92B).
- Debt/equity 1.58, current ratio 1.37, net debt $23.98B.
- Asset turnover 0.66 — capital efficiency.
Revenue (FY)
$67.59B
YoY +4.3%
Net margin
0.00%
▼ 0.00pp
ROE
0.00%
ROA 0.00%
ROIC
21.44%
EPS (diluted)
$18.81
FY2025
Free cash flow
$8.92B
13.19% margin
Debt / equity
1.58
Cash $6.71B
Current ratio
1.37
Equity $19.39B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $64.81B | -3.4% | 0.00 | 20.17 | 0.00 | $10.05B | 0.00 |
| 2025 | $67.59B | +4.3% | 0.00 | 16.50 | 0.00 | $8.92B | 0.00 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2024 | $16.11B | -4.2% | — | — |
| Mar 31, 2025 | $14.25B | -9.8% | -11.5% | — |
| Jun 30, 2025 | $16.57B | -0.7% | +16.3% | — |
| Sep 30, 2025 | $17.64B | +9.5% | +6.5% | — |
| Mar 31, 2026 | $17.41B | +22.2% | -1.3% | — |
| Jun 30, 2026 | $20.54B | +24.0% | +18.0% | — |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -60Deteriorating
95% conf
Market cap $375.16B at $816.15 per share. Trailing P/E 43.39, P/S 5.55, P/B 19.34. EV/Operating income ≈ 35.79 (EV $399.15B).
- Market cap $375.16B at $816.15 per share.
Market cap
$375.16B
459.67M shares
P/E (ttm)
43.39
P/S
5.55
P/B
19.34
EV
$399.15B
Intrinsic (DCF)
$333.74
-59.1% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score -5Stable
85% conf
Price $816.15 — uptrend (above 200-DMA); 1-month momentum negative. RSI(14) 51.61.
- Price $816.15 — uptrend (above 200-DMA); 1-month momentum negative.
Price
$816.15
NYQ
RSI(14)
51.61
50-DMA
$908.10
200-DMA
$758.62
Volatility (ann.)
39.66%
52w range
$410.52–$1073.46
-24.0% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -20Deteriorating
90% conf
Composite risk Elevated. Leverage debt/equity 1.58 (moderate). Liquidity current ratio 1.37 (adequate).
- Composite risk: Elevated.
Risk level
Elevated
Debt / equity
1.58
Current ratio
1.37
Margin stdev
3.30pp
Cash / assets
6.54%
Liab / assets
81.10%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Caterpillar Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewMarket regime: Risk-on · Supportive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow CAT stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
| MercadoLibre Inc. MELI | 32 | Supportive |
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