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Caterpillar Inc.
CATIndustrialsGenerated Jul 5, 2026, 03:41 PM UTC
CAT (Caterpillar Inc.) analytical snapshot. Revenue grew +12.8% YoY to $67.06B. 5-year revenue CAGR +4.5%; 10y CAGR +2.2%. Net margin at 0.00% (contracting ▼). Market cap $443.84B at $963.53 per share. Trailing P/E 47.89, P/S 6.62, P/B 23.79. EV/Operating income ≈ 36.28 (EV $470.46B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -5 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$443.84B
460.64M shares
Price
$963.53
NYQ
P/E (ttm)
47.89
Revenue (FY)
$67.06B
YoY +12.8%
Net margin
0.00%
▼ 0.00pp
Free cash flow
$11.29B
16.83% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 25Improving
80% conf
Revenue grew +12.8% YoY to $67.06B. 5-year revenue CAGR +4.5%; 10y CAGR +2.2%. Net margin at 0.00% (contracting ▼).
- Revenue grew +12.8% YoY to $67.06B.
- 5-year revenue CAGR +4.5%; 10y CAGR +2.2%.
- Net margin at 0.00% (contracting ▼).
- Return on equity 0.00%, ROA 0.00%, ROIC 29.98%.
- Gross margin 0.00%, operating margin 19.33%.
- Free cash flow margin 16.83% ($11.29B).
- Debt/equity 1.65, current ratio 1.35, net debt $26.62B.
- Asset turnover 0.70 — capital efficiency.
Revenue (FY)
$67.06B
YoY +12.8%
Net margin
0.00%
▼ 0.00pp
ROE
0.00%
ROA 0.00%
ROIC
29.98%
EPS (diluted)
$20.12
FY2025
Free cash flow
$11.29B
16.83% margin
Debt / equity
1.65
Cash $4.07B
Current ratio
1.35
Equity $18.66B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $55.18B | — | 5.80 | 6.01 | 0.00 | — | 0.00 |
| 2017 | $47.01B | -14.8% | 4.16 | 8.05 | 0.00 | — | 0.00 |
| 2018 | $38.54B | -18.0% | 6.04 | 3.02 | 0.00 | — | 0.00 |
| 2019 | $45.46B | +18.0% | 7.88 | 9.81 | 0.00 | — | 0.00 |
| 2020 | $54.72B | +20.4% | 6.80 | 15.15 | 0.00 | $5.28B | 0.00 |
| 2021 | $53.80B | -1.7% | 0.00 | 15.41 | 0.00 | $5.86B | 0.00 |
| 2022 | $41.75B | -22.4% | 0.00 | 10.91 | 0.00 | $5.35B | 0.00 |
| 2023 | $50.97B | +22.1% | 0.00 | 13.49 | 0.00 | $6.11B | 0.00 |
| 2024 | $59.43B | +16.6% | 0.00 | 13.30 | 0.00 | $6.47B | 0.00 |
| 2025 | $67.06B | +12.8% | 0.00 | 19.33 | 0.00 | $11.29B | 0.00 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $14.25B | -9.8% | — | — |
| Jun 30, 2025 | $30.82B | -5.1% | +116.3% | — |
| Jun 30, 2025 | $16.57B | -49.0% | -46.2% | — |
| Sep 30, 2025 | $48.46B | -0.3% | +192.4% | — |
| Sep 30, 2025 | $17.64B | -63.7% | -63.6% | — |
| Mar 31, 2026 | $17.41B | +22.2% | -1.3% | — |
Revenue (annual, SEC 10-K)
2016: 55,184
2017: 47,011
2018: 38,537
2019: 45,462
2020: 54,722
2021: 53,800
2022: 41,748
2023: 50,971
2024: 59,427
2025: 67,060
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 0
2017: 0
2018: 0
2019: 0
2020: 5,282
2021: 5,856
2022: 5,349
2023: 6,105
2024: 6,470
2025: 11,288
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free 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 May 6, 2026. 5 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 13, 2026.
- Latest quarterly report (10-Q) filed May 6, 2026.
- 5 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
May 6, 2026
8-K (recent)
5
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 |
|---|---|---|
| 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 -24Deteriorating
70% conf
2 risk signal(s), 2 positive signal(s) detected from XBRL filing diff 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.
- Material weakness in internal controls: The term "material weakness" appears in 32 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 30 filing(s).
- Operating cash flow exceeds net income: OCF is 3.62x 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 +20.4% to $2.32B, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- 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.
- 3 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Restatement of financial statements.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$67.06B
+12.8% YoY
Gross profit
$3.72B
+3.8% YoY
Operating income
$12.97B
+64.0% YoY
Net income
$3.56B
+0.5% YoY
Operating cash flow
$12.88B
+65.9% YoY
Capex
$1.60B
+23.2% YoY
Total assets
$87.76B
+0.3% YoY
Total liabilities
$68.27B
+0.4% YoY
Filing quality score
66/100
3 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $59.43B | $67.06B | $7.63B | +12.8% |
| Gross profit | $3.58B | $3.72B | $137.0M | +3.8% |
| Operating income | $7.90B | $12.97B | $5.06B | +64.0% |
| Net income | $3.54B | $3.56B | $16.0M | +0.5% |
| Operating cash flow | $7.77B | $12.88B | $5.12B | +65.9% |
| Capex | $1.30B | $1.60B | $301.0M | +23.2% |
| Total assets | $87.48B | $87.76B | $288.0M | +0.3% |
| Total liabilities | $67.97B | $68.27B | $297.0M | +0.4% |
| Long-term debt | $24.47B | $27.35B | $2.88B | +11.8% |
| Cash & equivalents | $6.98B | $6.89B | $-89.0M | -1.3% |
| Stockholders equity | $16.52B | $15.89B | $-625.0M | -3.8% |
| Inventory | $16.57B | $16.83B | $262.0M | +1.6% |
| Accounts receivable | $9.31B | $9.28B | $-28.0M | -0.3% |
| R&D expense | $1.81B | $2.11B | $294.0M | +16.2% |
| SG&A expense | $5.65B | $6.37B | $720.0M | +12.7% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount, FinitelivedIntangibleAssetsAcquired1, GoodwillAcquiredDuringPeriod |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition, CommonStockDividendsPerShareDeclared, ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice, CostOfGoodsAndServicesSold, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 32 | 2 | Ongoing |
| Restatement of financial statements | high | 30 | 0 | NEW |
| Impairment charge | medium | 67 | 2 | Ongoing |
| Restructuring | medium | 148 | 8 | Ongoing |
| Off-balance sheet arrangements | medium | 47 | 2 | Ongoing |
| Related party transactions | low | 5 | 0 | NEW |
Filing signal breakdown
Red flags: 2
Positive: 2
Watch: 0
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $443.84B at $963.53 per share.
- ProPrice & TechnicalsPrice $963.53 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
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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
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewRevenue grew **+12.8%** YoY to $67.06B..
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 |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
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| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
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| Boeing Co. BA | 0 | Supportive |
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| United Airlines Holdings UAL | -5 | Supportive |
| Caterpillar Inc. CAT● you | -5 | Supportive |
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