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Earnings transcript
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CAT
Caterpillar Inc.
$888.73
-5.81
(-0.65%)
| Exchange: | NYSE |
| Market Cap: | 409.382B |
| Shares Outstanding: | 776.471M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Agricultural – Machinery | |||||
| CEO: | Joseph E. Creed | |||||
| Full Time Employees: | 118000 | |||||
| Address: |
| |||||
| Website: | https://www.caterpillar.com |
Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company’s extensive offerings are organized into several operational divisions: Construction Industries: This segment delivers a broad spectrum of machinery for construction projects, including asphalt pavers, versatile backhoe and skid steer loaders, various sizes of excavators (from compact to heavy-duty), compactors, road-building equipment like cold planers and motorgraders, pipelayers, site preparation tractors, telehandlers, and utility vehicles, alongside a range of wheel loaders and track-type equipment. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capital loans, and wholesale financing schemes. It also offers insurance and risk management products tailored for vehicles, power generation facilities, and marine vessels. All Other: This encompassing segment is responsible for manufacturing essential consumables and components like filters, fluids, undercarriage parts, and ground engaging tools.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 67,060,000 | 64,809,000 | 67,589,000 |
| Gross Profit | 23,263,000 | 23,324,000 | 21,859,000 |
| EBITDA | 15,705,000 | 16,038,000 | 14,855,000 |
| Operating Income | 12,966,000 | 13,072,000 | 11,210,000 |
| Net Income | 10,335,000 | 10,792,000 | 8,873,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 87,476,000 | 87,764,000 | 98,585,000 |
| Total Liabilities | 67,973,000 | 68,270,000 | 77,267,000 |
| Total Stockholders Equity | 19,494,000 | 19,491,000 | 21,318,000 |
| Total Debt | 37,878,000 | 38,409,000 | 43,330,000 |
| Cash and Cash Equivalents | 6,978,000 | 6,889,000 | 9,980,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 12,885,000 | 12,035,000 | 11,739,000 |
| Capital Expenditure | -3,092,000 | -3,215,000 | -1,465,000 |
| Free Cash Flow | 9,793,000 | 8,820,000 | 10,274,000 |
| Net Income | 10,332,000 | 10,788,000 | 8,882,000 |
| Net Change in Cash | -28,000 | -89,000 | 3,090,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 91,285,270.054 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 101,012,539.226 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 95,626,095.187 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 22,821,277.998 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 25,253,091.081 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 23,906,482.403 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 16,735,852.315 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 19,087,765.380 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 17,785,399.277 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 9,157,164.908 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 10,132,943.452 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 9,592,609.219 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 37.920 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 40.700 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 35.680 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 5 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: CAT demonstrates robust revenue and net income growth as per the latest income statements, supported by consistent operating cash flow and free cash flow figures from the cash flow statements. This indicates a solid operational foundation and ability to generate shareholder value.
- Market Leadership in Industry: As a key player in the industrial machinery sector (based on company profile and industry data), CAT benefits from a strong market position, reflected in its substantial market capitalization and high average trading volume, signaling investor confidence and liquidity.
- Dividend Stability: The company offers a competitive dividend yield (as per key metrics), with a history of consistent dividend payments (lastDiv), appealing to income-focused investors seeking stable returns.
- Global Presence: Revenue from diverse geographic segments (as per revenue geo segments data) highlights CAT’s global operational reach, reducing reliance on any single market and providing a buffer against regional economic downturns.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CAT intrinsic value between $266.65 – $297.70 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CAT valuation
Is Caterpillar Inc. (CAT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Caterpillar Inc. (CAT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CAT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CAT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CAT’s P/E ratio?
You can see CAT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CAT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CAT a good long-term investment?
Whether CAT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CAT
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Daily snapshot
-0.65
Trading Metrics:
| Open: | 895 | Previous Close: | 894.54 | |
| Day Low: | 881.19 | Day High: | 902.82 | |
| Year Low: | 405.46 | Year High: | 1073.46 | |
| Price Avg 50: | 926.83 | Price Avg 200: | 727.97 | |
| Volume: | 1.978M | Average Volume: | 3.118M |
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Hey everyone, welcome back to the channel! Today, we’re diving deep into a company that’s been a heavyweight in the industrial space for nearly a century—Caterpillar Inc., ticker symbol CAT. If you’re curious about whether this stock deserves a spot in your portfolio, stick around because we’re breaking down everything from financials to valuation, recent performance, and more. Let’s get started! So, why are we talking about Caterpillar today? Well, this isn’t just any company—it’s a global leader in construction…
