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Caterpillar Inc. (CAT)

Caterpillar makes construction and mining machinery, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. It sells through independent dealers, and it runs its own finance company, which lends to both the dealer and the customer buying the machine. It was organised as Caterpillar Tractor Co. in California in 1925 and reorganised as Caterpillar Inc. in Delaware in 1986.

Caterpillar Inc.

Caterpillar makes construction and mining machinery, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. It sells through independent dealers, and it runs its own finance company, which lends to both the dealer and the customer buying the machine. It was organised as Caterpillar Tractor Co. in California in 1925 and reorganised as Caterpillar Inc. in Delaware in 1986.

How the company is cut up

Two categories sit above everything. Machinery, Power & Energy covers the design, manufacture and marketing of the products. Financial Products covers the finance and insurance subsidiaries, principally Caterpillar Financial Services Corporation, known as Cat Financial, and Caterpillar Insurance Holdings. Below those, the company runs five operating segments, four of which it reports on: Construction Industries, Resource Industries, Power & Energy, and Financial Products.

Construction Industries

This segment serves customers using machines in infrastructure and building work. Most of its machine sales go into heavy and general construction, rental, quarrying and aggregates, and mining. The product line runs to asphalt pavers, backhoe loaders, cold planers, compactors, compact track loaders, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, skid steer loaders, telehandlers, track-type loaders and tractors, track and wheel excavators, and wheel loaders, together with the parts, services and work tools that go with them. What customers weigh differs by market: in developing economies purchase price tends to decide, while in developed economies the cost of owning and running the machine over its life carries more weight. Caterpillar builds separate product lines for the first group, including its SEM brand.

Resource Industries

This segment serves mining, heavy construction, and quarrying and aggregates. It builds equipment for surface and underground mining, and sells work tools, machinery components, wear and maintenance parts. The machines are used to extract and haul copper, iron ore, coal, oil sands, aggregates, gold and other minerals. The product line covers electric rope shovels, draglines, hydraulic shovels, rotary drills, hard rock vehicles, large track-type tractors, large mining trucks, large wheel loaders, off-highway, wide-body and articulated trucks, wheel tractor scrapers, wheel dozers, and landfill and soil compactors. Beside the iron, the segment sells technology: fleet management, equipment management analytics, autonomous machine capability, safety services and mining performance work.

Power & Energy

This segment serves oil and gas, power generation, marine, rail and industrial customers, and supplies Caterpillar's own machines as well. It covers reciprocating engines and the generator sets built around them, integrated systems, turbines and centrifugal gas compressors with their services, electrified powertrains and zero-emission power sources, diesel-electric and hybrid locomotives and other rail products, the remanufacturing of Caterpillar engines and components, remanufacturing done for other companies, and product support for on-highway engines. Emissions rules shape the spending here, and the company notes that compliance in developing markets is complicated by requirements that change quickly and enforcement that varies.

The dealers, and the money behind the machine

Caterpillar sells through what it describes as one of the largest independent global dealer networks. Cat Financial, a wholly owned subsidiary, has been financing Caterpillar products for over 40 years and lends on both sides of that network. To customers it offers loans secured on the equipment, revolving charge accounts for parts, service and rentals at participating dealers, and leases, both the kind where the customer is treated as the owner for tax and the kind where Caterpillar is. To dealers it offers wholesale financing for inventory and rental fleets, and retail loans for working capital secured on dealership assets. It also buys short-term wholesale trade receivables from Caterpillar itself. Rates are fixed or floating, Cat Financial usually keeps a security interest in the financed equipment, and it generally requires physical damage insurance on it. Most of its activity is in North America, with further offices in Latin America, Asia-Pacific, Europe and Africa.

From Caterpillar's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Caterpillar became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 4 November 2026
Revenue
$20.7 billion
+17.3% on the year · +0.7% on the quarter
Q4 FY2024Q3 FY2026
Net income
$3.3 billion
+42.9% on the year · -8.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$7.13
+46.1% on the year · -8.2% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 13 February 2026
Revenue
$67.6 billion
+4.3% on the year
FY2018FY2025
Net income
$8.9 billion
-17.7% on the year
FY2018FY2025
Diluted EPS
$18.81
-14.7% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsCaterpillar (CAT) reported revenue of $67.6 billion for fiscal 2025, the year ended 31 December 2025, up 4.3% on the year before. Net income was $8.9 billion and diluted earnings per share $18.81. Revenue was $64.8 billion in fiscal 2024, $67.1 billion in fiscal 2023, $59.4 billion in fiscal 2022 and $51.0 billion in fiscal 2021. Net income in the same years was $10.8 billion, $10.3 billion, $6.7 billion and $6.5 billion. Over the twelve months to 30 September 2026, Caterpillar reported revenue of $77.8 billion and net income of $11.8 billion. Revenue grew 10.1% a year, compounded, over the five years to fiscal 2025. Caterpillar declared $5.94 a share in dividends over the last four quarters and had 458 million shares outstanding at the latest filed count. At 30 September 2026 it carried $45.2 billion of debt and $7.9 billion of cash. At the close of 6 November 2026 the market cap of Caterpillar was $255.6 billion, 21.9 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE55.1%
ROCE21.4%
Operating margin18.3%
Net margin15.2%
FCF margin14.5%
Interest covern/a
Debt to equity2.10x
Cash conversion1.20x
Share count, last 12 months-2.2%
Sales CAGR, 3 years4.4%
Profit CAGR, 3 years9.8%
EPS, TTM$25.48

At the close of 6 November 2026

Price$558.57
Market cap$255.6 billion
Stock P/E21.9x
Price to book11.9x
EV / EBITDA17.6x
Dividend yield1.1%
Market cap / sales3.3x
52-week high$1,064.90
52-week low$546.13
Price, 1 year-2.0%
Price CAGR, 3 years33.5%
Price CAGR, 5 years22.1%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Caterpillar Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
CATgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026
Revenue13,79813,58914,24714,99416,59715,86217,31816,81017,07015,79916,68916,10616,21514,24916,56917,63819,13317,41520,54320,682
Cost of revenue10,0039,5599,97510,20211,61410,10311,06510,58311,0169,66210,15010,06610,3218,96510,80711,67313,30711,30612,78113,332
Gross profit3,7954,0304,2724,7924,9835,7596,2536,2276,0546,1376,5396,0405,8945,2845,7625,9655,8266,1097,7627,350
Gross margin28%30%30%32%30%36%36%37%35%39%39%38%36%37%35%34%30%35%38%36%
R&D439457480476401472528554554520535533519480551555562537616596
SG&A1,4221,3461,4251,4011,4791,4631,5281,6241,7561,5771,6521,6691,7691,5931,6941,8221,8761,8162,0181,797
Operating income1,6111,8551,9442,4251,6802,7313,6523,4493,1343,5193,4823,1472,9242,5792,8603,0522,6603,0854,2954,214
Operating margin12%14%14%16%10%17%21%21%18%22%21%20%18%18%17%17%14%18%21%20%
Pre-tax income2,5621,9992,0962,5582,0992,6343,6523,5153,2493,5323,5003,0983,2432,5702,8183,1273,0263,2114,5584,220
Tax rate17%23%20%21%31%27%21%21%18%19%24%21%14%22%23%27%24%21%23%23%
Net income2,1201,5371,6732,0411,4541,9432,9222,7942,6762,8562,6812,4642,7912,0032,1792,3002,4022,5493,5933,287
Net margin15%11%12%14%9%12%17%17%16%18%16%15%17%14%13%13%13%15%17%16%
Diluted EPS$3.91$2.86$3.13$3.87$2.79$3.74$5.67$5.45$5.28$5.75$5.48$5.06$5.76$4.20$4.62$4.88$5.11$5.47$7.77$7.13
Operating cash flow1,4123132,2332,4812,7391,5733,2494,0604,0032,0523,0213,5693,3931,2893,1223,7373,5911,8704,3714,352
Capital expenditure420346240282428422261378536500341444703710555658898728587697
Free cash flow992-33.01,9932,1992,3111,1512,9883,6823,4671,5522,6803,1252,6905792,5673,0792,6931,1423,7843,655
Buybacks1,0468201,1041,3859214001,4293802,7664,4551,8207826403,6608283623405,0281,4941,223
Dividends paid599595592633620620618663662648635683680674662707706703696749
Shares outstanding536m533m528m520m516m516m510m509m499m489m485m483m478m471m468m468m465m461m460m458m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q8-K10-Q10-Q10-Q8-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue44,95851,32432,39642,58860,13865,87555,65655,18447,01138,53745,46254,72253,80041,74850,97159,42767,06064,80967,58977,773
Cost of revenue32,62638,41523,88630,36743,57847,05538,43240,71833,54628,04431,26036,99736,63029,08235,51341,35042,76740,19944,75250,726
Gross profit12,33212,9098,51012,22116,56018,82017,22414,46613,46510,49314,20217,72517,17012,66615,45818,07724,29324,61022,83727,047
Gross margin27.4%25.2%26.3%28.7%27.5%28.6%30.9%26.2%28.6%27.2%31.2%32.4%31.9%30.3%30.3%30.4%36.2%38.0%33.8%34.8%
Research and development1,4041,7281,4211,9052,2972,4661,5522,3802,1191,8531,8421,8501,6931,4151,6861,8142,1082,1072,1482,311
Selling, general and administrative3,8214,3993,6454,2485,2035,9194,1226,5294,9514,3834,9995,4785,1624,6425,3655,6516,3716,6676,9857,507
Operating income4,9214,4485773,9637,1538,5739,8703,3143,7851,1624,4608,2938,2904,5536,8787,90412,96613,07211,15114,254
Operating margin10.9%8.7%1.8%9.3%11.9%13.0%17.7%6.0%8.1%3.0%9.8%15.2%15.4%10.9%13.5%13.3%19.3%20.2%16.5%18.3%
Pre-tax income4,9904,5015693,7506,7258,2369,3713,1523,4391394,0827,8227,8123,9958,2048,75213,05013,37311,54115,015
Income tax1,485953-2709681,7202,5282,7956929161923,3391,6981,7461,0061,7422,0672,7812,6292,7683,405
Effective tax rate29.8%21.2%-47.5%25.8%25.6%30.7%29.8%22.0%26.6%138.1%81.8%21.7%22.4%25.2%21.2%23.6%21.3%19.7%24.0%22.7%
Net income3,5413,5578952,7004,9285,6816,5562,4522,512-67.07546,1476,0932,9986,4896,70510,33510,7928,88411,831
Net margin7.9%6.9%2.8%6.3%8.2%8.6%11.8%4.4%5.3%-0.2%1.7%11.2%11.3%7.2%12.7%11.3%15.4%16.7%13.1%15.2%
Diluted EPS$5.37$5.66$1.43$4.15$7.40$8.48$9.95$3.90$4.18-$0.11$1.26$10.26$10.74$5.46$11.83$12.64$20.12$22.05$18.81$25.48
Filing10-K10-K10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Machinery, Power & Energyn/an/an/an/an/an/an/a63,86961,36363,98094.7%
Financial Productsn/a2,7862,9003,0452,7262,7832,8533,1913,4463,6095.3%
Financial Service2,764n/an/an/an/an/an/an/an/an/an/a
Machinery, Energy & Transportation35,77342,67651,82250,75539,02248,18856,574n/an/an/an/a
Machinery, Power & Energy FY2023 to FY2025Financial Products FY2017 to FY2025Machinery, Energy & Transportation FY2016 to FY2022Financial Service FY2016
45.5FY201753.8FY201951.0FY202167.1FY202367.6FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2013 to FY2025

FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Outside United States37,07734,06227,79322,58126,91032,03230,99425,47931,67335,05936,00734,18534,70951.4%
United States18,57921,12219,21815,95618,55222,69022,80616,26919,29824,36831,05330,62432,88048.6%
Outside United StatesUnited States
55.7FY201347.0FY201545.5FY201753.8FY201951.0FY202167.1FY202367.6FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008 †FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow7,9554,6726,4995,0096,9575,18410,1918,0576,6995,6395,7066,5586,9126,3277,1987,76612,88512,03511,73914,184
Capital expenditure1,7002,3201,5041,5752,5153,3502,5221,5391,3881,1098981,2761,0569781,0931,2961,5971,9882,8212,910
Free cash flow6,2552,3524,9953,4344,4421,8347,6696,5185,3114,5304,8085,2825,8565,3496,1056,47011,28810,0478,91811,274
Free cash flow margin13.9%4.6%15.4%8.1%7.4%2.8%13.8%11.8%11.3%11.8%10.6%9.7%10.9%12.8%12.0%10.9%16.8%15.5%13.2%14.5%
Cash from investing-4,408-6,171846-1,595n/an/an/an/an/an/a-966-3,212-1,928-1,485-3,084-2,541-5,871-2,453-4,707-6,635
Cash from financing-2,9892,955-5,215-4,613n/an/an/an/an/an/a-3,657-3,650-4,538-3,755-4,188-7,281-6,932-9,565-3,899-7,075
Depreciation and amortisation1,7971,9802,3362,2962,5272,8133,0873,1633,0463,0342,8772,7662,5772,4322,3522,2192,1442,1532,2622,424
Share-based compensationn/a194132226193245231254283218206197205202200193208223242267
Buybacks2,4051,8000.0n/a0.00.02,0004,2382,0250.00.03,7984,0471,1302,6684,2304,9757,6975,1908,085
Dividends paid8459531,0291,0841,1591,6171,1111,6201,7571,7991,8311,9512,1322,2432,3322,4402,5632,6462,7492,854
Dividend per share$1.38$1.62$1.68$1.74$1.82$2.02$2.32$2.70$3.01$3.08$3.11$3.36$3.95$4.12$4.36$4.71$5.10$5.53$5.94n/a
Diluted shares, weighted660m628m626m650m666m670m659m629m601m584m599m599m568m549m548m530m514m489m472m461m
Shares outstanding at period endn/a602m625m639m648m655m638m606m582m586m598m576m550m545m536m516m499m478m465m458m
Filing10-K10-K10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity8,9966,1908,82310,86412,92917,58220,87816,82614,88513,21313,76614,08014,62915,37816,51615,89119,50319,49421,31821,482
Short-term borrowingsn/a7,2094,083n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Debtn/a22,83421,84728,41834,59240,14337,75039,28538,01336,78334,87836,55337,65737,16337,78936,99337,87838,40943,33045,201
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/an/a457484428427459570n/a
Other liabilities47,13631,54925,28524,73833,69731,24526,26828,38725,59924,70828,31827,87626,16725,32628,00428,63129,66829,40233,36740,160
Total liabilities and equity56,13267,78260,03864,02081,21888,97084,89684,49878,49774,70476,96278,50978,45378,32482,79381,94387,47687,76498,585106,843
Owned
Fixed assets9,99712,52412,38612,53914,39516,46117,07516,57716,09015,32214,15513,57412,90412,40112,09012,02812,68013,36115,14016,011
Goodwill1,9632,2612,2692,6147,0806,9426,9566,6946,6156,0206,2006,2176,1966,3946,3245,2885,3085,2415,3215,905
Intangible assets4755114658054,3684,0163,5963,0762,8212,3492,1111,8971,5651,3081,042758564399241409
Securities held for sale or to maturityn/an/an/an/an/an/an/an/an/an/an/a1,1511,3651,6831,7213,1645,6974,0423,5493,994
Cash and equivalents1,1222,7364,867n/an/an/an/an/a6,5117,1998,3207,8908,2929,3529,2547,0046,9786,8899,9807,929
Receivables8,2499,3975,6118,49410,0579,7068,4137,7376,6955,9817,4368,8028,5687,3178,4778,8569,3109,28210,92013,440
Inventory7,2048,7816,3609,58714,54415,54712,62512,2059,7008,61410,01811,52911,26611,40214,03816,27016,56516,82718,13522,214
Other assets27,12231,57228,08029,98130,77436,29836,23138,20930,06529,21928,72227,44928,29728,46729,84728,57530,37431,72335,29936,941
Total assets56,13267,78260,03864,02081,21888,97084,89684,49878,49774,70476,96278,50978,45378,32482,79381,94387,47687,76498,585106,843
Filing10-K10-K10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.7%10.1%4.4%20.3%
Profit growth, compounded13.5%24.3%9.8%27.6%
Return on equity, average34.1%46.3%50.0%41.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Caterpillar's revenue in fiscal 2025?

Caterpillar (CAT) reported revenue of $67.6 billion for fiscal 2025, the year ended 31 December 2025, up 4.3% on the year before.

How much did Caterpillar earn in fiscal 2025?

Net income was $8.9 billion for fiscal 2025, and diluted earnings per share $18.81.

What is Caterpillar's P/E ratio?

At the close of 6 November 2026, Caterpillar traded at 21.9 times its earnings over the twelve months to 30 September 2026.

What is Caterpillar's market cap?

The market cap of Caterpillar was $255.6 billion at the close of 6 November 2026.

Does Caterpillar pay a dividend?

Yes. Caterpillar declared $5.94 a share in dividends over the four quarters to 30 September 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ASML Holding N.V. ASML *$549.0 billion51.6449.0%34.6%15.6%0.220.5%
Caterpillar Inc. CAT$255.6 billion21.9255.1%18.3%20.3%2.101.1%
Lam Research Corp. LRCX$250.2 billion29.8660.8%37.0%33.4%0.270.6%
Deere & Co. DE$181.2 billion37.3317.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$132.8 billion34.1418.6%n/a20.1%0.961.3%
CNH Industrial N.V. CNH$14.3 billion46.224.0%n/a0.6%3.332.2%
Aebi Schmidt Holding AG AEBI$864 million35.062.6%4.5%79.4%0.751.5%
Douglas Dynamics, Inc. PLOW$839 million13.1720.8%12.7%22.8%0.333.3%
Astec Industries Inc. ASTE$824 million71.501.7%3.1%13.8%0.551.5%
Manitowoc Co. Inc. MTW$807 million31.493.7%3.6%10.2%0.67n/a
Columbus McKinnon Corp. CMCO$510 millionn/a-25.9%-6.8%80.7%1.801.6%
Gencor Industries Inc. GENC$250 million16.886.6%11.7%-6.4%0.00n/a
All 85 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ASML Holding N.V. ASML *$549.0 billion51.6449.0%34.6%15.6%0.220.5%
Caterpillar Inc. CAT$255.6 billion21.9255.1%18.3%20.3%2.101.1%
Lam Research Corp. LRCX$250.2 billion29.8660.8%37.0%33.4%0.270.6%
Deere & Co. DE$181.2 billion37.3317.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$132.8 billion34.1418.6%n/a20.1%0.961.3%
Johnson Controls International plc JCI$81.8 billion23.4726.5%n/a6.8%0.701.2%
Illinois Tool Works Inc. ITW$79.9 billion25.04102.7%26.6%4.8%2.982.3%
Cummins Inc. CMI$61.7 billion18.7924.9%12.5%6.7%0.561.8%
Baker Hughes Co. BKR$47.5 billion16.5014.4%n/a3.7%0.91n/a
Carrier Global Corp. CARR$42.8 billionn/a-17.3%-4.8%3.3%1.101.3%
Ingersoll Rand Inc. IR$31.9 billion23.3713.2%22.9%8.0%0.45n/a
Dover Corp. DOV$27.1 billion23.8915.3%17.0%8.2%0.431.0%
TechnipFMC plc FTI$24.8 billion19.9838.6%16.8%9.1%0.120.3%
Xylem Inc. XYL$22.4 billion21.6510.5%15.1%1.9%0.281.7%
Symbotic Inc. SYM$22.2 billion409.171.8%0.9%20.6%0.00n/a
ITT Inc. ITT$18.3 billion42.308.8%14.0%35.8%0.740.7%
Nordson Corp. NDSN$17.3 billion31.3417.0%26.9%7.0%0.531.1%
nVent Electric plc NVT$17.2 billion25.6016.5%17.8%48.0%0.530.8%
Curtiss Wright Corp. CW$16.9 billion30.9021.7%18.9%10.7%0.370.2%
Idex Corp. IEX$16.7 billion31.5413.3%20.9%6.9%0.441.3%
RBC Bearings Inc. RBC$15.6 billion42.4610.0%24.4%17.4%0.20n/a
Zebra Technologies Corp. ZBRA$15.2 billion25.9816.9%14.9%16.9%0.72n/a
Lincoln Electric Holdings Inc. LECO$14.9 billion26.4137.0%17.3%11.1%0.741.1%
CNH Industrial N.V. CNH$14.3 billion46.224.0%n/a0.6%3.332.2%
Lennox International Inc. LII$11.7 billion15.8756.9%18.8%1.9%1.231.5%
Regal Rexnord Corp. RRX$11.3 billion48.883.4%10.0%4.7%0.650.8%
BWX Technologies, Inc. BWXT$11.0 billion29.3026.4%12.4%17.7%1.430.9%
Graco Inc. GGG$10.9 billion21.8221.0%26.8%5.4%0.051.7%
Pentair plc PNR$10.9 billion18.0715.9%19.6%-3.9%0.381.6%
Moog Inc. MOG.A$10.3 billion27.5517.0%13.3%15.6%0.410.4%
Flowserve Corp. FLS$10.2 billion40.3811.0%10.0%0.2%0.891.1%
Toro Co. TTC$9.9 billion28.0327.2%10.3%5.2%0.721.5%
Donaldson Co. Inc. DCI$9.8 billion21.9025.7%15.4%5.3%0.751.4%
Agco Corp. AGCO$7.6 billion28.416.9%5.6%0.9%0.661.1%
Zurn Elkay Water Solutions Corp. ZWS$7.2 billion25.4217.2%22.1%10.1%0.301.0%
SPX Technologies, Inc. SPXC$7.1 billion24.1812.2%16.1%20.2%0.55n/a
Timken Co. TKR$7.0 billion25.258.9%11.0%5.9%0.611.4%
JBT Marel Corp. JBTM$6.6 billion34.224.4%7.3%20.3%0.380.3%
NOV Inc. NOV$6.3 billion43.912.3%5.5%-1.0%0.272.0%
Middleby Corp. MIDD$6.2 billionn/a-21.3%16.5%8.4%0.90n/a
Weatherford International plc WFRD$6.1 billion15.0620.7%12.4%-5.7%0.761.3%
Gates Industrial Corp. Ltd. GTES$6.1 billion16.7410.4%13.5%4.0%0.62n/a
Esab Corp. ESAB$5.1 billion33.536.1%11.2%11.0%0.910.5%
Brunswick Corp. BC$5.0 billion23.6312.5%5.7%10.4%1.182.3%
Aaon, Inc. AAON$4.7 billion29.7915.8%11.0%53.5%0.430.7%
Cactus, Inc. WHD$4.7 billion40.3714.1%18.8%40.4%0.001.0%
Solaris Energy Infrastructure, Inc. SEI$4.6 billion60.165.9%22.8%73.8%2.040.8%
Alliance Laundry Holdings Inc. ALH$4.5 billion24.8535.6%19.1%n/an/a0.0%
Kadant Inc. KAI$3.5 billion31.5210.7%15.0%12.5%0.500.5%
Hayward Holdings, Inc. HAYW$3.4 billion20.8310.7%21.6%7.6%0.600.0%
ACM Research, Inc. ACMR$3.3 billion27.876.1%14.5%29.1%0.18n/a
Axcelis Technologies Inc. ACLS$3.1 billion29.549.4%10.3%4.3%0.00n/a
Standex International Corp. SXI$2.8 billion24.3414.6%22.5%8.3%0.670.6%
Ouster, Inc. OUST$2.5 billionn/a-8.2%-25.6%63.7%0.00n/a
Dnow Inc. DNOW$2.4 billionn/a-8.8%-3.9%96.8%0.18n/a
Veeco Instruments Inc. VECO$2.3 billion92.962.8%3.0%6.6%0.25n/a
Enerpac Tool Group Corp. EPAC$2.0 billion22.5819.8%19.8%5.7%0.400.1%
Cricut, Inc. CRCT$1.8 billion19.0723.8%16.7%-0.9%0.002.3%
Flowco Holdings Inc. FLOC$1.8 billion18.2210.5%18.6%20.4%0.670.4%
Gorman Rupp Co. GRC$1.8 billion24.1216.0%16.1%6.5%0.54n/a
Kennametal Inc. KMT$1.8 billion3.0332.4%31.0%32.5%0.623.5%
Innovex International, Inc. INVX$1.8 billion36.394.4%6.9%7.0%0.02n/a
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.00n/a
Alamo Group Inc. ALG$1.6 billion20.876.5%6.9%1.8%0.201.0%
Tennant Co. TNC$1.2 billion53.354.2%3.9%-0.4%0.651.7%
Lindsay Corp. LNN$1.1 billion19.9511.0%10.5%-6.0%0.231.4%
Graham Corp. GHM$915 million67.776.7%6.0%16.2%0.00n/a
Power Solutions International, Inc. PSIX$903 million12.8330.1%14.9%-0.2%0.16n/a
Aebi Schmidt Holding AG AEBI$864 million35.062.6%4.5%79.4%0.751.5%
Douglas Dynamics, Inc. PLOW$839 million13.1720.8%12.7%22.8%0.333.3%
Astec Industries Inc. ASTE$824 million71.501.7%3.1%13.8%0.551.5%
Manitowoc Co. Inc. MTW$807 million31.493.7%3.6%10.2%0.67n/a
Forum Energy Technologies, Inc. FET$800 million27.469.5%7.4%10.6%0.40n/a
Columbus McKinnon Corp. CMCO$510 millionn/a-25.9%-6.8%80.7%1.801.6%
Oil States International, Inc. OIS$499 millionn/a-18.4%-14.0%-0.7%0.03n/a
Energy Recovery, Inc. ERII$364 million79.333.1%0.8%-26.2%0.00n/a
Twin Disc Inc. TWIN$331 million10.5914.1%5.2%12.1%0.180.7%
Gencor Industries Inc. GENC$250 million16.886.6%11.7%-6.4%0.00n/a
Taylor Devices, Inc. TAYD$244 millionn/a9.3%13.2%-12.5%0.00n/a
Perma-Pipe International Holdings, Inc. PPIH$234 million15.0016.7%12.1%24.8%0.39n/a
NN Inc. NNBR$225 millionn/a-25.3%-3.1%13.9%1.63n/a
Serve Robotics Inc. SERV$203 millionn/a-67.7%-2,207.0%410.9%0.00n/a
Amtech Systems Inc. ASYS$200 million43.963.5%8.1%-2.4%0.00n/a
Ampco Pittsburgh Corp. AP$122 millionn/a-190.4%-11.1%3.3%4.42n/a
Sono TEK Corp. SOTK$68 million35.929.5%10.2%4.4%0.00n/a
7 companies share its SEC industry code (Construction Machinery & Equip); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on CAT

Dividends$5.94 a share in FY2025
Filings24 in twelve months: 11 current reports (8-K), about 5 regulation FD disclosure; 4 results of operations; 3 officer or director change; 3 other events; 1 material agreement
Planned insider sales26 Form 144 notices in twelve months, $235.6 million; latest 28 August 2026
Options tapeput/call 0.73 by open interest at the 6 November 2026 close; the straddle prices a 5.6% move to 13 November 2026
13F holders4,082 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading89 sales and 2 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest7.6 million shares short, 2.76 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20264 November 2026EDGAR
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 20253 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR

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