Caterpillar Inc. (CAT)
NYSE · Industrials · market cap 403.42B
Share price
$613.45
At the last nightly close
Intrinsic value
$413.57
Range $413.57 – $486.18 — the conservative figure is the low end.
Margin of safety
-32.6%
($413.57 − $613.45) ÷ $613.45
EV / EBIT
45.2
On the median operating profit of 15 fiscal years through 2025.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.
The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-10-30.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2025-FY | 67.59B | 11.15B | 8.88B | 18.90 | 7.45B |
| 2024-FY | 64.81B | 13.07B | 10.79B | 22.17 | 8.82B |
| 2023-FY | 67.06B | 12.97B | 10.34B | 20.24 | 9.79B |
| 2022-FY | 59.43B | 8.83B | 6.71B | 12.72 | 5.17B |
| 2021-FY | 50.97B | 6.88B | 6.49B | 11.83 | 6.11B |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- Jim Cramer Shares Big Data Center Catalyst For Caterpillar (CAT)finance.yahoo.com
- 23 reactions · 4 comments | Caterpillar (CAT) is helping boost the Dow Jones Industrial Average following its second-quarter earnings. Nicole Petallides highlights the record quarter, driven by data center energy demand, a record backlog, and increased sales forecasts. For more market news, tune in at: SchwabNetwork.com/?CID=SM:Facebook:Organic:2026-8-4 | Schwab Networkfacebook.com
- CAT: Caterpillar Inc - Stock Price, Quote and News - CNBCcnbc.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on CAT.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.