Caterpillar Inc
Research Caterpillar Inc (CAT) on Bullrun: valuation model: 17.2% overvalued, market cap USD 372.93B, P/E 34.9, dividend yield 0.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCAT
- ExchangeNYSE
- CountryUnited States
- SectorIndustrials
- IndustryFarm & Heavy Construction Machinery
- CurrencyUSD
- Valuation signal17.2% overvalued
- Market capUSD 372.93B
- P/E34.9
- Dividend yield0.8%
- Financial periodQ2 2026
- RevenueUSD 20.54B
- Net incomeUSD 3.59B
- Free cash flowUSD 3.26B
- Gross margin36.0%
Valuation Snapshot
Bullrun's latest valuation model marks Caterpillar Inc as 17.2% overvalued; latest market cap is USD 372.93B; P/E is 34.9; dividend yield is 0.8%.
Peer valuation comparison
Latest P/E is 34.9x versus a Industrials sector median of 20.76x (68.1% above).
Latest dividend yield is 0.75% versus a Industrials sector median of 2.39% (68.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 67.59B | USD 8.88B | USD 8.92B | 33.8% | 18.81 | USD 9.98B | USD 36.21B | USD 21.32B |
| FY2024 | USD 64.81B | USD 10.79B | USD 10.05B | 38.0% | 22.05 | USD 6.89B | USD 31.74B | USD 19.49B |
| FY2023 | USD 67.06B | USD 10.34B | USD 11.29B | 36.2% | 20.12 | USD 6.98B | USD 29.12B | USD 19.50B |
| FY2022 | USD 59.43B | USD 6.71B | USD 6.47B | 30.4% | 12.64 | USD 7.00B | USD 31.67B | USD 15.89B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 372.93B | 34.9 | 0.8% | 6.16 |
| 2025 | 2025-12-31 | USD 266.55B | 30.4 | 1.0% | 5.84 |
| 2024 | 2024-12-31 | USD 173.37B | 16.4 | 1.5% | 5.42 |
| 2023 | 2023-12-29 | USD 150.52B | 16.7 | 1.7% | 5 |
| 2022 | 2022-12-30 | USD 124.67B | 17.4 | 1.9% | 4.62 |
| 2021 | 2021-12-31 | USD 110.79B | 17.4 | 2.1% | 4.28 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 6.16 USD, yield 0.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 5.94 USD |
| FY2024 | 5.53 USD |
| FY2023 | 5.1 USD |
| FY2022 | 4.71 USD |
About Caterpillar Inc
Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, track-type tractors, and track and wheel excavators; backhoe, compact track, skid steer, track-type, and wheel loaders;
Related stock research
Other Industrials stocks
Frequently asked questions
Is Caterpillar Inc overvalued or undervalued?
Bullrun's valuation model currently marks Caterpillar Inc as 17.2% overvalued.
What is Caterpillar Inc's market cap?
Caterpillar Inc's market capitalization is USD 372.93B.
What is Caterpillar Inc's P/E ratio?
Caterpillar Inc's price-to-earnings (P/E) ratio is 34.9.
Does Caterpillar Inc pay a dividend?
Caterpillar Inc has a dividend yield of 0.8%.
What does Caterpillar Inc do?
Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, track-type tractors, and track and wheel excavators; backhoe, compact track, skid steer, track-type, and wheel loaders; and related parts and work tools.