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Caterpillar CAT Price / earnings

Price / earnings at other companies

Cummins logo
CumminsCMI
35.3×+20.7×
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Gencor IndustriesGENC
16.9×+4.1×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
11.2×-1.2×
Terex logo
TerexTEX
60.5×+50.5×
Twin Disc logo
Twin DiscTWIN
24.3×+3.0×
Deere & Company logo
Deere & CompanyDE
30.6×+6.2×

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/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 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 6:31 AM EDT
Accession
0000018230-26-000040

FAQ

What is Caterpillar's price / earnings?
Caterpillar (CAT) reported price / earnings of 45.2× in Q2 2026.
How has Caterpillar's price / earnings changed year-over-year?
Caterpillar's price / earnings increased by 143.3% year-over-year, from 18.6× to 45.2×.
What is the long-term trend for Caterpillar's price / earnings?
Over 5 years (2020 to 2025), Caterpillar's price / earnings has grown at a -1.6% compound annual growth rate (CAGR), from 32.8× to 30.2×.
What does price / earnings mean?
Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

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