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Caterpillar CAT Enterprise value

Enterprise value at other companies

Cummins logo
CumminsCMI
$79.75B+66.2%
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
$291.89B-22.4%
Deere & Company logo
Deere & CompanyDE
$196.68B+4.0%
Wabtec logo
WabtecWAB
$49B+41.6%
United Rentals logo
United RentalsURI
$62.65B+11.7%
Generac Holdings logo
Generac HoldingsGNRC
$12.58B+44.9%

Other financials

Income statement

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Revenue$17.4B+22.2%
Gross profit$6.1B+15.6%
Operating income$3.1B+19.6%
Net income$2.5B+27.2%
EPS (diluted)$5.47+30.2%

Balance sheet

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Cash & equivalents$4.1B+14.3%
Total assets$95.6B+12.5%

Cash flow

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Operating cash flow$1.9B+45.1%
CapEx$728.0M+2.5%
Free cash flow$1.1B+97.2%

Valuation

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Market cap$440.29B+109%
P/E46.7×+25.5×
P/S6.2×+2.9×

Profitability

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Gross margin96.6%-4.4pp
Operating margin16.5%-2.7pp
Net margin13.3%-2.4pp

Returns & leverage

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Return on equity43.5%-11.8pp
Debt / equity1.7×+0.1×
Current ratio1.4×0.0×

Where this comes from

Calculated from Caterpillar’s reported figures.

The official record: Caterpillar’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Caterpillar's enterprise value?
Caterpillar (CAT) reported enterprise value of $295.04B in Q4 2025.
How has Caterpillar's enterprise value changed year-over-year?
Caterpillar's enterprise value increased by 47.1% year-over-year, from $200.59B to $295.04B.
What does enterprise value mean?
What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?
The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?
Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.