Full text
Earnings transcript
Read the complete earnings call transcript.
CAT
Caterpillar Inc.
$717.22
-13.1
(-1.79%)
| Exchange: | NYSE |
| Market Cap: | 335.644B |
| Shares Outstanding: | 776.471M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Agricultural – Machinery | |||||
| CEO: | Joseph E. Creed | |||||
| Full Time Employees: | 112900 | |||||
| Address: |
| |||||
| Website: | https://www.caterpillar.com |
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators. The Resource Industries segment provides electric rope shovels, draglines, hydraulic shovels, rotary drills, hard rock vehicles, track-type tractors, mining trucks, longwall miners, wheel loaders, off-highway trucks, articulated trucks, wheel tractor scrapers, wheel dozers, fleet management, landfill compactors, soil compactors, machinery components, autonomous ready vehicles and solutions, select work tools, and safety services and mining performance solutions. The Energy & Transportation segment offers reciprocating engines, generator sets, integrated systems and solutions, turbines and turbine-related services, remanufactured reciprocating engines and components, centrifugal gas compressors, diesel-electric locomotives and components, and other rail-related products and services for marine, oil and gas, industrial, and electric power generation sectors. The company’s Financial Products segment provides operating and finance leases, installment sale contracts, working capital loans, and wholesale financing plans; and insurance and risk management products for vehicles, power generation facilities, and marine vessels. The All Other operating segment manufactures filters and fluids, undercarriage, ground engaging tools, etc. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. The company was founded in 1925 and is headquartered in Deerfield, Illinois.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 87,321,224.074 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 93,836,100.422 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 89,713,723.766 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 21,830,268.219 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 23,458,984.486 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 22,428,392.107 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 17,376,243.677 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 19,075,547.930 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 18,000,290.388 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 8,759,516.714 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 9,413,048.188 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 8,999,517.255 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 38.380 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 40.670 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 37.050 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: CAT has demonstrated consistent revenue growth in recent income statements, with strong net income and operating cash flow figures. High gross profit margins (as per Key Metrics TTM) reflect operational efficiency and pricing power within the industrial machinery sector.
- Strong Free Cash Flow: Significant free cash flow (as reported in Cash Flow Statements) indicates financial flexibility, enabling reinvestment in innovation and capital expenditures while maintaining dividend payouts (evidenced by dividend yield TTM).
- Global Market Presence: Revenue from diverse geographic segments (Revenue Geo Segments) highlights CAT’s ability to generate income across multiple regions, reducing dependency on any single market and enhancing resilience against localized economic downturns.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
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.
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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-1.79
Trading Metrics:
| Open: | 708.92 | Previous Close: | 730.32 | |
| Day Low: | 705.45 | Day High: | 735.32 | |
| Year Low: | 267.3 | Year High: | 789.81 | |
| Price Avg 50: | 711.27 | Price Avg 200: | 549.67 | |
| Volume: | 1.386M | Average Volume: | 2.816M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeCAT full analysis
Welcome to MARKETSNAP’s SWOT analysis for Caterpillar Inc., or CAT as it’s known on the ticker. If you’re a long-term investor looking to dig into the heavy machinery giant, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for Caterpillar, a company that’s been a cornerstone in construction and mining equipment for decades. Let’s get straight into it with a quick overview of where Caterpillar stands right now, dive into some recent news and…
