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Caterpillar CAT EV / EBITDA

EV / EBITDA at other companies

Cummins logo
CumminsCMI
16.1×+6.5×
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Gencor IndustriesGENC
13.9×+6.4×
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Wells Fargo & CompanyWFC
4.1×-1.0×
Terex logo
TerexTEX
17.5×+8.7×
Deere & Company logo
Deere & CompanyDE
17.2×+2.2×
Foster (Lb) Co. logo
Foster (Lb) Co.FSTR
9.7×-1.9×

Other financials

Income statement

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Revenue$20.5B+24.0%
Gross profit$7.8B+34.7%
Operating income$4.3B+50.2%
Net income$3.6B+64.9%
EPS (diluted)$7.77+68.2%

Balance sheet

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Cash & equivalents$6.7B+23.4%
Total debt$36.9B+14.2%
Total equity$21.3B+9.4%
Total assets$102.61B+13.6%

Cash flow

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Operating cash flow$4.4B+40.0%
CapEx$587.0M+5.8%
Free cash flow$3.8B+47.4%

Valuation

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Market cap$375.29B+84.0%
P/E34.6×+13.0×
P/S+1.8×

Profitability

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Gross margin94.2%-5.9pp
Operating margin17.5%-0.7pp
Net margin14.5%-0.4pp
FCF margin14.3%+0.1pp

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.

Based on the most recent quarter.

The source filing: Caterpillar’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 6, 2026, 11:08 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000018230-26-000021

FAQ

What is Caterpillar's EV / EBITDA?
Caterpillar (CAT) reported EV / EBITDA of 22× in Q4 2025.
How has Caterpillar's EV / EBITDA changed year-over-year?
Caterpillar's EV / EBITDA increased by 67.0% year-over-year, from 13.2× to 22×.
What is the long-term trend for Caterpillar's EV / EBITDA?
Over 5 years (2020 to 2025), Caterpillar's EV / EBITDA has grown at a 5.5% compound annual growth rate (CAGR), from 16.9× to 22×.
What does EV / EBITDA mean?
Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

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