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CAT

Caterpillar Inc.

NYSEIndustrialsFarm & Heavy Construction MachinerySnapshot 2026-05-08

$897.45+0.20%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, CAT has a composite score of 12.7 and a signal label of "mild favorable." This score is influenced by various factors, including a medium confidence level of 75.8 and a moderate risk label. Key drivers include macroeconomic conditions related to growth, labor, rates, and inflation. The current assessment is provisional.

Composite +13as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
neutral
Mid-cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    0.02
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
3519286030523641
F2 · Value
expensive
Most expensive 20% of industrials cohort
Why this rank
Price
$897.45
TTM EPS
$20.31
Earnings yield
2.3%
P/E (TTM)
44.2

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
neutral
Mid-cohort cash conversion
Why this rank
TTM NI ($M)
10,788
TTM CFO ($M)
12,035
CFO/NI
1.12
L2

Watch

has something changed worth re-reading?
F4 · Management stability
neutral
Mid-cohort activity· see deep-dive ↓
capital unfriendlyBottom 30% — net capital-unfriendly direction
Earnings setup · pre-print positioning
forward-looking
bullish strongEPS revised +5.2% / 30d, n=20for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $5.71 → $6.01 (+5.2% / 30d). 12 raised, 1 cut, 20 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d. 54% of analysts rate Buy.

Price target activity

10 PT revisions / 30d. Avg target 3.5% above current price.

Material events

1 positive, 0 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Focus on long-term value deliverygrowthmixed65% progressprovisional
    1/29: CEO: 'We enter the new year with strong momentum and a continued focus on delivering long-term value.'
    Why this status

    Newly stated in 2025-Q4. Caterpillar reported full-year sales and revenues of $67.6 billion, up 4% from $64.8 billion in 2024, indicating growth. However, operating profit margin declined from 20.2% in 2024 to 16.5% in 2025, suggesting challenges in maintaining profitability. The focus on long-term value delivery is newly emphasized, with limited substantive delivery this quarter.

  2. 2.Increase sales volumegrowthmixed65% progressprovisional
    1/29: Sales and revenues for the fourth quarter of 2025 were $19.1 billion, an 18% increase compared with $16.2 billion in the fourth quarter of 2024.
    Why this status

    Newly stated in 2025-Q4. Sales and revenues for the fourth quarter of 2025 were $19.1 billion, an 18% increase compared with $16.2 billion in the fourth quarter of 2024, indicating strong growth in sales volume. This aligns with management's focus on increasing sales volume, driven by higher equipment sales to end users.

  3. 3.Manage operating profit margincostmixed65% progressprovisional
    1/29: Operating profit margin was 13.9% for the fourth quarter of 2025, compared with 18.0% for the fourth quarter of 2024.
    Why this status

    Newly stated in 2025-Q4. Operating profit margin declined from 18.0% in 2024-Q4 to 13.9% in 2025-Q4, despite an 18% increase in sales and revenues. This indicates challenges in managing costs and maintaining profitability, aligning with management's focus on managing operating profit margin amidst higher sales volume.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −14%, typical day ±1.5%
Why this risk level

Recent vol — 30d annualized 46%; 252d 33%.

Drawdown — Max 1y −14%. Bad day move −3%.

Beta to sector ETF (XLI) 1.58 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 45/100, drawdown 72/100, beta 42/100, earnings vol .

Calm + bullish setup — clean pre-earnings positioning pattern.

Sector regime
headwind-7.8%sector vs S&P 500, 60d

via XLI

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite65.0 / 100
Capital allocation83
Earnings discipline47
Margin discipline52
Balance sheet68
Guidance credibility
Post-call reaction50
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Focus on long-term value delivery

    Growth

    Caterpillar emphasizes delivering long-term value for customers and shareholders.

    Mixed

    Newly stated in 2025-Q4. Caterpillar reported full-year sales and revenues of $67.6 billion, up 4% from $64.8 billion in 2024, indicating growth. However, operating profit margin declined from 20.2% in 2024 to 16.5% in 2025, suggesting challenges in maintaining profitability. The focus on long-term value delivery is newly emphasized, with limited substantive delivery this quarter.

    65%
    CEO/CFO:CEO: 'We enter the new year with strong momentum and a continued focus on delivering long-term value.'
    Press releaseSource dated 2026-01-29Stated 1 of last 8 quartersFirst seen 2026-01-29provisional
    Show history (1)
    • 2025-Q4Press release

      CEO: 'We enter the new year with strong momentum and a continued focus on delivering long-term value.'

  • #2

    Increase sales volume

    Growth

    Caterpillar aims to increase sales volume, driven by higher equipment sales to end users.

    Mixed

    Newly stated in 2025-Q4. Sales and revenues for the fourth quarter of 2025 were $19.1 billion, an 18% increase compared with $16.2 billion in the fourth quarter of 2024, indicating strong growth in sales volume. This aligns with management's focus on increasing sales volume, driven by higher equipment sales to end users.

    Sales and revenues for the fourth quarter of 2025 were $19.1 billion, an 18% increase compared with $16.2 billion in the fourth quarter of 2024
    65%
    CEO/CFO:Sales and revenues for the fourth quarter of 2025 were $19.1 billion, an 18% increase compared with $16.2 billion in the fourth quarter of 2024.
    Press releaseSource dated 2026-01-29Stated 1 of last 8 quartersFirst seen 2026-01-29provisional
    Show history (1)
    • 2025-Q4Press release

      Sales and revenues for the fourth quarter of 2025 were $19.1 billion, an 18% increase compared with $16.2 billion in the fourth quarter of 2024.

  • #3

    Manage operating profit margin

    Cost

    Caterpillar is focused on managing operating profit margin amidst higher sales volume.

    Mixed

    Newly stated in 2025-Q4. Operating profit margin declined from 18.0% in 2024-Q4 to 13.9% in 2025-Q4, despite an 18% increase in sales and revenues. This indicates challenges in managing costs and maintaining profitability, aligning with management's focus on managing operating profit margin amidst higher sales volume.

    Operating profit margin was 13.9% for the fourth quarter of 2025, compared with 18.0% for the fourth quarter of 2024
    65%
    CEO/CFO:Operating profit margin was 13.9% for the fourth quarter of 2025, compared with 18.0% for the fourth quarter of 2024.
    Press releaseSource dated 2026-01-29Stated 1 of last 8 quartersFirst seen 2026-01-29provisional
    Show history (1)
    • 2025-Q4Press release

      Operating profit margin was 13.9% for the fourth quarter of 2025, compared with 18.0% for the fourth quarter of 2024.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
12higher = cheaper

Looks more expensive than peers.

Compared to its own history
3higher = cheaper

Richer than its own typical valuation.

P/E
44.3x
EV/EBITDA
29.1x
FCF yield
2.1%

P/E over the last 5 years

71 monthly points
expensiveas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
CAT
Caterpillar Inc.
+13expensivemoderate
GE
GE Aerospace
+11expensivemoderate
GEV
GE Vernova
+10fullmoderate
RTX
RTX Corporation
+20fairmoderate
BA
Boeing
-4.8expensivemoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
1.5%
A bad day (95th %ile)
A rough but not unusual down day.
-2.8%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-13.9%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If industrials sector trend rises from +0.05 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-04-30)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-04-30)-8.0 pts
  • If industrials sector trend falls from +0.05 into 'weakening' (<= -0.20)-5.0 pts
  • If growth state reverses from +0.25 (positive) to -0.25 (negative)-4.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-04-308d agoItem 2.02

    Results of Operations and Financial Condition. On April 30, 2026, Caterpillar Inc. issued a press release reporting its financial results for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this

    earnings preannouncementpositivescore 60
  2. 2026-04-1028d agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of New Chief Financial Officer On April 8, 2026, Caterpillar Inc. (the “Company”) announced that, on April 7, 2026, the Board of Directors (the “Board”) of the Company appointed Kyle Epley as the Company’s Chief Financial Officer, effective May 1, 2026, succeeding Andrew R.J. Bonfield. Mr. Bonfield will continue to serve as Chief Financ…

    executive changeneutralscore 42
  3. 2026-01-293mo agoItem 2.02

    Results of Operations and Financial Condition. On January 29, 2026, Caterpillar Inc. issued a press release reporting its financial results for the quarter ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this

    earnings preannouncementneutralscore 7
  4. 2026-01-064mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Board Leadership Transition On January 6, 2026, the Board of Directors (the “Board”) of Caterpillar Inc. (the “Company”) announced the resignation of D. James Umpleby III as a member of the Board, effective April 1, 2026 (the “Effective Date”). Mr. Umpleby currently serves as the Executive Chairman of the Board and previously served as the Company’…

    executive changeneutralscore 3
  5. 2025-08-288mo agoItem 8.01

    Other Events. Caterpillar Inc. (the “Company”) is providing an update relating to the estimated impact of tariffs on its financial results. Since the Company released its second quarter earnings on August 5, 2025, several additional clarifications and additional tariffs have been announced. These clarifications and additional tariffs will impact the Company’s financial results for the third quarter and the remainder of 2025. While the Company continues to take initial mitigating actions to re…

    legal regulatorynegativescore 0
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-13 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.