# Caterpillar share price today (Caterpillar Inc., CAT)

> Caterpillar Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. CAT · Industrials · Farm & Heavy Construction Machinery · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/cat

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: $623.94 (+8.1% in a year)
- P/E: 24.5× (higher than 77% of the last 4.6 years)
- Revenue (Sep 2026): $20.7 B (+17.3% on a year ago)
- Profit (Sep 2026): $3.3 B (+42.9% on a year ago)
- Operating margin: 20.5% (+2.8 points on a year ago)
- ROE: 42%, FY25
- ROIC: 19.5%, against a 11.6% cost of capital: +7.9 points

Biggest thing to watch: the P/E is higher than 77% of its own history, so the multiple has already done part of the work. ## What is the Caterpillar share price today? Caterpillar Inc.'s share price was $623.94 at the close on 3 November 2026. It has been moving sideways for 5 weeks. That is 22.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between $550 and $997, and at that close it sat 16% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 15 weeks running. Over the last 10 years the share price moved +706% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Caterpillar pay? Caterpillar Inc. paid $6.16 per share over the last four reported quarters. The most recent declaration was $1.63 for Jun 2026. At today's price of $623.94 that is a yield of 0.99%, based on dividends already paid, not a forecast. ## Which stock lists is Caterpillar on? Caterpillar is on 2 of our US lists: S&P 500 companies and Dow Jones 30 stocks. - [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)
- [Dow Jones 30 stocks](https://www.sectoralpha.in/dow-jones-stocks)

## Is Caterpillar profitable? Caterpillar Inc. earned $3.3 B of net profit in the Sep 2026 quarter, +42.9% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY25 profit was $8.9 B. Over 4 years profit has grown 8.2% a year on average. That is 15.9% of the quarter's revenue. The same quarter a year earlier earned $2.3 B. For the full year, FY25 profit was $8.9 B (−17.7% on the year before). Why profit moved: revenue changed +17.3% on a year earlier and the margin moved +2.8 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +30.3% and revenue +20.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Caterpillar make, and is it growing? Caterpillar Inc. reported $20.7 B of revenue in the Sep 2026 quarter, +17.3% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 7.3% a year on average. The last full year, FY25, came in at $67.6 B. The last four reported quarters add to $77.8 B. FY25 revenue was $67.6 B, +4.3% on the year before. Recent pace: the last four quarters grew +20.4% on average, against 7.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +20.3%, against +8.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +27.6%, against +5.3% a year (accelerating). ## How much of every $100 of sales does Caterpillar keep? Caterpillar Inc.'s operating margin was 20.5% in the Sep 2026 quarter, 2.8 percentage points higher than the same quarter a year ago. Across 5 years it has been between 16.2% and 20.9%. The latest quarter is within that range. Why the margin moved: operating margin changed +2.8 percentage points on the year while gross margin changed +2.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Caterpillar's profit turning into cash? Over the last 3 years, 122% of Caterpillar Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $11.7 B of operating cash against $8.9 B of profit. After $4.3 B of spending on assets, $7.5 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Caterpillar's cash go? Caterpillar Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $10.6 B on assets over the last 3 years. Averaged over those years that is 5.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $10.6 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Caterpillar's P/E ratio, and how does it compare with its own history? Caterpillar Inc.'s P/E is 24.5×, near the high end of its own history: higher than 77% of past readings. Its usual P/E (the middle reading) is 17.2×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −14.7% while the price moved +8.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +37.4% a year; about +13.0% a year came from earnings growth and about +24.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Caterpillar business getting better or worse? Caterpillar Inc.'s business is turning around. Profit growth has swung from −14.3% at its low to +27.6%, improving for 4 quarters in a row, with ROCE rising at 24.3%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Caterpillar earn on its capital? Caterpillar Inc. earned a ROE of 42% in FY25. That is up from a low of 39% in FY21. Its return on capital used (ROIC) is 7.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 13.1% net margin and 0.69× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 13.1% net margin × 0.69× asset turnover × 4.62× leverage (assets divided by equity) ≈ 41.8% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 19.5% − 11.6% = +7.9 percentage points. The 11.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 19.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 16.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Caterpillar have too much debt? Caterpillar Inc. has total debt of $45.2 B against shareholder equity of $21.5 B as of Sep 2026, so its debt is 2.10× its equity. Year by year, that ratio went from 2.33 in FY21 to 2.07 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Caterpillar shareholding pattern? 1.6% of Caterpillar Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 2.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Caterpillar from balance-sheet trouble? For Caterpillar Inc., the Z-score is 4.76. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.76 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Caterpillar rank in its industry? 61.5 out of 100, rank 3 of 21 in Farm & Heavy Construction Machinery, with 85% of the evidence available. Caterpillar Inc. scores 61.5 out of 100 against the 21 companies it is compared with in Farm & Heavy Construction Machinery, ranking 3. Earnings are strong; relative strength in its sector is -17.6% and the one-year return is 10.8%. The four parts add up to the total exactly: 28.9 + 21.1 + 10.5 + 1 = 61.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Caterpillar compared with? Caterpillar ranks 3 of 21 Farm & Heavy Construction Machinery companies on the 4-Factor Sector Score, with 61.5 out of 100. 1. [Federal Signal Corporation](https://www.sectoralpha.in/us/stocks/fss) FSS · quiet · Most evidence points up · 81% evidence 68.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.1/35 · Revenue 23.9% · Profit 29% · Operating margin change 0.4 points · 83% evidence Capital efficiency 19.3/25 · ROCE 19.3% · Operating margin 17.7% · 76% evidence Valuation 11.6/20 · P/E 27.5× · PEG 0.93 · 65% evidence Relative strength 12.6/20 · Lead over its industry 2.5% · Lead over S&P 500 -2.9% · 1 year 5.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 25.1 + 19.3 + 11.6 + 12.6 = 68.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [The Manitowoc Company, Inc.](https://www.sectoralpha.in/us/stocks/mtw) MTW · leader · Evidence leans up · 81% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 8.8% · Profit -56.5% · Operating margin change 3.7 points · 83% evidence Capital efficiency 8.4/25 · ROCE 5.8% · Operating margin 5.7% · 76% evidence Valuation 14.9/20 · P/E 24.7× · PEG 0.13 · 65% evidence Relative strength 19.8/20 · Lead over its industry 58.5% · Lead over S&P 500 50.7% · 1 year 117.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.3 + 8.4 + 14.9 + 19.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Caterpillar Inc. this page CAT · quiet · Evidence leans up · 85% evidence 61.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 20.3% · Profit 27.6% · Operating margin change 2.8 points · 95% evidence Capital efficiency 21.1/25 · ROCE 22.7% · Operating margin 20.5% · 76% evidence Valuation 10.5/20 · P/E 31.5× · PEG 1.02 · 65% evidence Relative strength 1.0/20 · Lead over its industry -17.6% · Lead over S&P 500 -21.8% · 1 year 10.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.9 + 21.1 + 10.5 + 1 = 61.5 · What this means: Earnings are strong; relative strength in its sector is -17.6% and the one-year return is 10.8%. 4. [Deere & Company](https://www.sectoralpha.in/us/stocks/de) DE · leader · Evidence leans up · 85% evidence 59.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 8.3% · Profit -6.4% · Operating margin change -1.7 points · 95% evidence Capital efficiency 14.3/25 · ROCE 9.1% · Operating margin 13.4% · 76% evidence Valuation 10.7/20 · P/E 32.8× · PEG 1 · 65% evidence Relative strength 18.6/20 · Lead over its industry 15.1% · Lead over S&P 500 9.1% · 1 year 42.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 16.1 + 14.3 + 10.7 + 18.6 = 59.7 · What this means: Relative strength against the index is 9.1%, and revenue and profit growth are weak. 5. [AGCO Corporation](https://www.sectoralpha.in/us/stocks/agco) AGCO · turning · Evidence leans up · 81% evidence 56.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 1.7% · Profit 100% · Operating margin change -1.7 points · 83% evidence Capital efficiency 10.8/25 · ROCE 8.6% · Operating margin 5.7% · 76% evidence Valuation 14.6/20 · P/E 16.2× · PEG 0.58 · 65% evidence Relative strength 11.5/20 · Lead over its industry -2.3% · Lead over S&P 500 -7.6% · 1 year 5.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19.6 + 10.8 + 14.6 + 11.5 = 56.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Blue Bird Corporation](https://www.sectoralpha.in/us/stocks/blbd) BLBD · quiet · Evidence leans up · 81% evidence 56.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.1/35 · Revenue 13.4% · Profit 100% · Operating margin change -0.6 points · 83% evidence Capital efficiency 17.6/25 · ROCE 22.2% · Operating margin 12.1% · 76% evidence Valuation 15.2/20 · P/E 8.8× · PEG 0.5 · 65% evidence Relative strength 5.6/20 · Lead over its industry -4.3% · Lead over S&P 500 -9.1% · 1 year 14.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.1 + 17.6 + 15.2 + 5.6 = 56.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Gencor Industries, Inc.](https://www.sectoralpha.in/us/stocks/genc) GENC · leader · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue -5.1% · Profit 0% · Operating margin change 5.6 points · 83% evidence Capital efficiency 11.0/25 · ROCE 5.7% · Operating margin 17.2% · 76% evidence Valuation 9.7/20 · P/E 14.7× · PEG 1.49 · 65% evidence Relative strength 19.0/20 · Lead over its industry 13.3% · Lead over S&P 500 7.5% · 1 year 26.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.5 + 11 + 9.7 + 19 = 56.2 · What this means: Relative strength against the index is 7.5%, and revenue and profit growth are weak. 8. [Columbus McKinnon Corporation](https://www.sectoralpha.in/us/stocks/cmco) CMCO · losing its lead · Evidence leans up · 64% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.3/35 · Revenue 55.3% · Profit n/a · Operating margin change 8.2 points · 62% evidence Capital efficiency 8.6/25 · ROCE 2.8% · Operating margin 10.4% · 76% evidence Valuation 8.5/20 · P/E 81.5× · PEG n/a · 15% evidence Relative strength 13.9/20 · Lead over its industry 9.9% · Lead over S&P 500 3.7% · 1 year 16% · 100% evidence · 8 of 12 weeks ahead Exact sum: 23.3 + 8.6 + 8.5 + 13.9 = 54.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Oshkosh Corporation](https://www.sectoralpha.in/us/stocks/osk) OSK · quiet · Evidence leans down · 81% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.8/35 · Revenue 2.2% · Profit -14.5% · Operating margin change -2.5 points · 83% evidence Capital efficiency 14.3/25 · ROCE 11.5% · Operating margin 8.4% · 76% evidence Valuation 13.7/20 · P/E 17.2× · PEG 0.65 · 65% evidence Relative strength 10.1/20 · Lead over its industry 0.2% · Lead over S&P 500 -5.4% · 1 year 17.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 11.8 + 14.3 + 13.7 + 10.1 = 49.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [CNH Industrial N.V.](https://www.sectoralpha.in/us/stocks/cnh) CNH · breaking out · Evidence leans down · 81% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 0.6% · Profit -63.2% · Operating margin change -0.9 points · 83% evidence Capital efficiency 8.1/25 · ROCE 1.7% · Operating margin 5.5% · 76% evidence Valuation 13.8/20 · P/E 44.8× · PEG 0.49 · 65% evidence Relative strength 16.2/20 · Lead over its industry 7% · Lead over S&P 500 1.2% · 1 year 21.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 11.7 + 8.1 + 13.8 + 16.2 = 49.8 · What this means: Relative strength against the index is 1.2%, and revenue and profit growth are weak. 11. [Alamo Group Inc.](https://www.sectoralpha.in/us/stocks/alg) ALG · quiet · Evidence leans down · 81% evidence 44.4 out of 100 Growth Capital Valuation Relative
12. [Aebi Schmidt Holding AG](https://www.sectoralpha.in/us/stocks/aebi) AEBI · quiet · Evidence leans down · 64% evidence 44.3 out of 100 Growth Capital Valuation Relative
13. [Wabash National Corporation](https://www.sectoralpha.in/us/stocks/wnc) WNC · quiet · Evidence leans down · 64% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Lindsay Corporation](https://www.sectoralpha.in/us/stocks/lnn) LNN · quiet · Evidence leans down · 85% evidence 42.1 out of 100 Growth Capital Valuation Relative
15. [Terex Corporation](https://www.sectoralpha.in/us/stocks/tex) TEX · quiet · Evidence leans down · 81% evidence 41.7 out of 100 Growth Capital Valuation Relative
16. [PACCAR Inc](https://www.sectoralpha.in/us/stocks/pcar) PCAR · quiet · Evidence leans down · 81% evidence 38.8 out of 100 Growth Capital Valuation Relative
17. [Titan International, Inc.](https://www.sectoralpha.in/us/stocks/twi) TWI · quiet · Evidence leans down · 64% evidence 36.6 out of 100 Growth Capital Valuation Relative
18. [Astec Industries, Inc.](https://www.sectoralpha.in/us/stocks/aste) ASTE · basing · Most evidence points down · 71% evidence 32.6 out of 100 Growth Capital Valuation Relative
19. [Hyster-Yale, Inc.](https://www.sectoralpha.in/us/stocks/hy) HY · quiet · Most evidence points down · 64% evidence 25.4 out of 100 Growth Capital Valuation Relative
20. SunScout Holding Limited SNSC · Too little evidence to rank firmly · 19% evidence 57.7 out of 100 Growth Capital Valuation Relative
21. CEA Industries Inc. BNC · Too little evidence to rank firmly · 47% evidence 25.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Farm & Heavy Construction Machinery](https://www.sectoralpha.in/us/sectors/farm-heavy-construction-machinery), all 21 compared on one page. ## Which companies are close to Caterpillar in size? Caterpillar is the largest of 19 Farm & Heavy Construction Machinery companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: Deere & Company, PACCAR Inc, CNH Industrial N.V., Oshkosh Corporation, AGCO Corporation and Federal Signal Corporation. ### Farm & Heavy Construction Machinery companies close in size

1. Caterpillar Inc. $286.8 billion
2. [Deere & Company](https://www.sectoralpha.in/us/stocks/de) $179.5 billion
3. [PACCAR Inc](https://www.sectoralpha.in/us/stocks/pcar) $53.7 billion
4. [CNH Industrial N.V.](https://www.sectoralpha.in/us/stocks/cnh) $14.5 billion
5. [Oshkosh Corporation](https://www.sectoralpha.in/us/stocks/osk) $8.7 billion
6. [AGCO Corporation](https://www.sectoralpha.in/us/stocks/agco) $7.7 billion
7. [Federal Signal Corporation](https://www.sectoralpha.in/us/stocks/fss) $7.1 billion

[All 19 Farm & Heavy Construction Machinery companies, largest first](https://www.sectoralpha.in/us/sectors/farm-heavy-construction-machinery#all-companies)

### Companies close in size in other industries

1. [Lam Research Corporation](https://www.sectoralpha.in/us/stocks/lrcx) $284.3 billion · Semiconductor Equipment & Materials
2. [Royal Bank of Canada](https://www.sectoralpha.in/us/stocks/ry) $283.6 billion · Banks - Diversified
3. Caterpillar Inc. $282.1 billion
4. [Texas Instruments Incorporated](https://www.sectoralpha.in/us/stocks/txn) $276 billion · Semiconductors
5. [RTX Corporation](https://www.sectoralpha.in/us/stocks/rtx) $273.7 billion · Aerospace & Defense

## What else do people ask about Caterpillar? ### What is Caterpillar's stock price today? Caterpillar Inc.'s stock price is $623.94, +8.1% over the past year. The whole company is worth $287 B on the market. In the last 52 weeks it traded between $550 to $997; today it is 16% of the way up from the low, 22.9% below its 200-day average (as of 3 November 2026). ### What were Caterpillar's latest quarterly results? Caterpillar Inc. reported revenue of $20.7 B and net profit of $3.3 B for the Sep 2026 quarter. Revenue rose 17.3% and profit rose 42.9% compared with a year earlier. Earnings per share were $7.13. The operating margin was 20.5%, 2.8 percentage points higher than a year earlier (as of 3 November 2026). ### What is Caterpillar's market cap? Caterpillar Inc.'s market capitalisation is $287 B at a stock price of $623.94. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Caterpillar performing? Caterpillar Inc.'s share price has been moving sideways for 5 weeks. In its latest quarter, revenue rose 17.3% and profit rose 42.9% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 15 weeks running (as of 3 November 2026). ### Will Caterpillar's stock price go up? This page does not forecast Caterpillar Inc.'s stock price. What it shows instead: the stock price is $623.94, and it has been moving sideways for 5 weeks. Its P/E of 24.5× is higher than 77% of its own last 5 years (as of 3 November 2026). ### Where is Caterpillar in its business cycle? Caterpillar Inc.'s FY25 operating margin was 17.4%, against a 5-year range of 16.2% to 20.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 20.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Caterpillar story? Biggest thing to watch: the P/E is higher than 77% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Caterpillar a stock worth studying right now? What the numbers show: Caterpillar Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- S&P 500 companies: https://www.sectoralpha.in/sp-500-stocks
- Dow Jones 30 stocks: https://www.sectoralpha.in/dow-jones-stocks

This is research, not advice. We’re not SEBI-registered.