Skip to content
OpenCapital
Get started

Caterpillar CAT Net debt / EBITDA

Net debt / EBITDA at other companies

Cummins logo
CumminsCMI
1.1×+0.1×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
Deere & Company logo
Deere & CompanyDE
4.4×+0.3×
Wabtec logo
WabtecWAB
2.7×+1.0×
United Rentals logo
United RentalsURI
3.8×+0.4×
Quanta Services logo
Quanta ServicesPWR
2.2×+0.3×

Other financials

Income statement

See full
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

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

Cash flow

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

Valuation

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

Profitability

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

Returns & leverage

See full
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.

net debt/ebitda=2×

Based on the most recent quarter.

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

Ask your AI about Caterpillar's net debt / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Caterpillar's net debt / EBITDA?
Caterpillar (CAT) reported net debt / EBITDA of 2× in Q4 2025.
How has Caterpillar's net debt / EBITDA changed year-over-year?
Caterpillar's net debt / EBITDA increased by 20.2% year-over-year, from 1.7× to 2×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.