Quarter
Charts

CATERPILLAR INC.

CAT

CIK 0000018230 · Quarterly mode · latest period FY2025 (Q4) (ending 2025-12-31) · sourced from SEC EDGAR

At a glance · FY2025 (Q4)

Revenue
$19.13B
↑+18.0% +$2.92Bvs FY2024 (Q4)
Operating Income
$2.66B
↓-9.0% -$264Mvs FY2024 (Q4)
Net Income
$2.40B
↓-13.9% -$389Mvs FY2024 (Q4)
Gross Profit
$5.83B
↓-1.2% -$68Mvs FY2024 (Q4)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Weak
42/100
  • Profitability
    61ROIC 17.1% (10% = solid, 20%+ = moat)
  • Liquidity
    47Current Ratio 1.44 (above 1.5 = solid)
  • Leverage
    28D/E 1.44 (under 0.5 = conservative)
  • Efficiency
    40Asset Turnover 0.73x (1.0+ = capital-efficient)
  • Growth
    77Revenue YoY +18.0% (10% = solid, 25%+ = elite)
  • Margin Trend
    0Op Margin 13.9% · trend -3.5pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project CAT's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

11%

Trailing 3-yr CAGR was 11.3%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$367.02
Total enterprise IV
$173.34B
Diluted shares
0.47B
Terminal PV
$127.52B (74% of total)
Year-5 FCF
$15.03B
YearProjected FCFDiscounted PV
+1$9.90B$9.00B
+2$10.99B$9.08B
+3$12.20B$9.16B
+4$13.54B$9.25B
+5$15.03B$9.33B
Terminal$205.37B$127.52B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$2.82B
investment in PP&E
Dividends paid (TTM)
$2.75B
cash returned to holders
Stock buybacks (TTM)
$5.19B
share count reduction
Stock-based comp (TTM)
$45M
non-cash dilution

Balance sheet · 2025-12-31

latest filed snapshot
Total assets
$98.58B
everything owned
Total liabilities
$77.27B
everything owed
Stockholders' equity
$21.32B
shareholder claim
Net debt
$20.72B
LT debt minus cash

Recent performance · 71 quarters

Revenue↑+18.0% +$2.92B
$19.13B
Net Income↓-13.9% -$389M
$2.40B
Free Cash Flow↑+0.1% +$3M
$2.69B
Operating Margin↓-4.1pts
13.9%

Drill down

CAT Sankey

See CATERPILLAR INC.'s revenue flow into every line item of the income statement and balance sheet — every dollar accounted for, with prior-period comparison.

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CAT Charts

71 quarters of historical line items — Income, Cash Flow, Balance Sheet, plus margins. Click any chart for the trend dialog.

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CAT Key Metrics

EPS, BVPS, FCF/Share, ROE, ROA, ROIC, D/E, Current Ratio, Quick Ratio, Asset Turnover — 10 CFA-grade fundamentals derived from EDGAR data.

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