Caterpillar Inc (CAT) Fair Value & Analysis
Industrials · US · Market cap $433B
Caterpillar Inc
CAT · US
Fair value as of: Jun 24, 2026
From 26 valuation models · updated 5 days ago
Share price +18.0% over the past month.
Price vs Fair Value (12 months)
12‑month range $362.56 – $1,007 · fair‑value band $194.91 – $402.89 · the $984.24 price screens above the $307.83 fair value. As of Jun 24, 2026.
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Caterpillar Inc (CAT) currently trades at $984.24, while our model-based Fair Value estimate is $307.83 — implying the stock looks roughly 68.7% overvalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Caterpillar Inc generated revenue of $70.8B at a net margin of 13.3%. Revenue grew 22.2% year over year. It earns a return on equity of 51.3%. Net debt stands at $33.4B. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
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. Its Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, mining trucks, wheel loaders, off-highway and articulated trucks, wide-body trucks, wheel tractor scrapers and dozers, and landfill and soil compactors; machinery components, and wear and maintenance components; and technology products and services for fleet management, equipment management analytics, autonomous machine capabilities…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Caterpillar Inc reported revenue of $67.6B in FY2025 versus $51.0B in FY2021, a compound +7.3%/yr. Reported net income was $8.9B in FY2025, compounding +8.1%/yr from FY2021.
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Recent news
- BHP, Rio Tinto PLC ADR (RIO) and Caterpillar Advance Battery‑Electric Haul Truck Trial in Pilbara
- Caterpillar (CAT) Joins Russell Top 50 As AI Power Backlog Draws Investor Focus
- Heatmap Highlights: Tech rotation, defensive surge shape S&P 500
- Top Analyst Reports for Caterpillar, Palo Alto & Toyota
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
Similar stocks
6 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Deere & Company DE | $591.75 | $128.61 | -78% |
| Sany Heavy Industry Co SNHIY | $11.25 | $2.82 | -75% |
| AB Volvo (publ), VLVLY | $33.35 | $35.41 | +6% |
| PACCAR Inc PCAR | $116.68 | $71.72 | -39% |
| Toyota Industries Corporation TYIDF | $128.00 | $89.56 | -30% |
| Komatsu Ltd KMTUY | $40.94 | $51.73 | +26% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.