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Friday 6 November 2026 Export CAT’s income statement to Excel — free account

Caterpillar Inc.

CAT Industrials Farm & Heavy Construction Machinery

Caterpillar Inc.’s revenue for fiscal 2025 (year ended December 2025) was $67.6 billion, up 4.29% from fiscal 2024.

Revenue
+17.3%
EPS
+45.8%
Free cash flow
+27.4%
Total debt
+8.83%

Quarter to September 2026, against a year earlier

557.58 3.94 +0.71%
Market cap
$254.5B
P/E
21.7×
Fwd P/E
23.2×
Dividend yield
1.13%
F-score
5/9
Altman Z
4.32
Beneish M
−2.43
Dividend safety
86/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Caterpillar Inc. (CAT) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Caterpillar Inc. (CAT) trades at a EV/EBITDA of 17.3×. Over the past ten years it has ranged from 7.0× (March 2020) to 34.4× (June 2026); the current reading is higher than 79% of that period. That is above the Farm & Heavy Construction Machinery industry median of 11.3× and above the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 20.5× 62.55%
FY2024 12.6× 12.78%
FY2023 11.2× (16.74%)
FY2022 13.4× (7.82%)
FY2021 14.6× (13.07%)
FY2020 16.7× 73.29%
FY2019 9.7× 9.64%
FY2018 8.8× (41.14%)
FY2017 15.0× (15.10%)
FY2016 17.6× 81.89%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 24.3× (22.55%)
Jun 2026 31.3× 30.96%
Mar 2026 23.9× 16.79%
Dec 2025 20.5× 19.13%
43 more quarters

Against its own ten years

Low 7.0× High 34.4×
Ten-year median 12.7×
Current reading's percentile 79

EV/EBITDA against peers

Company EV/EBITDA
OSK Oshkosh Corporation compare 8.7×
BLBD Blue Bird Corporation compare 9.6×
AGCO AGCO Corporation compare 11.0×
TEX Terex Corporation compare 11.7×
CNH CNH Industrial N.V. compare 12.0×
PCAR PACCAR Inc. compare 12.5×
FSS Federal Signal Corporation compare 14.2×
CAT Caterpillar Inc. 17.3×
DE Deere & Company compare 19.9×
Farm & Heavy Construction Machinery industry median 11.3×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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