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Saturday 17 October 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. In the quarter to June 2026, revenue grew 24.0%, EPS grew 68.1%, free cash flow grew 47.1% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

729.49 9.60 −1.30%
Market cap
$338.2B
P/E
31.2×
Fwd P/E
37.6×
Dividend yield
0.84%
F-score
5/9
Altman Z
4.32
Beneish M
−2.43
Dividend safety
86/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Caterpillar Inc. (CAT) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Caterpillar Inc. (CAT) trades at a EV/EBITDA of 22.2×. Over the past ten years it has ranged from 7.0× (March 2020) to 34.4× (June 2026); the current reading is higher than 94% of that period. That is above the Farm & Heavy Construction Machinery industry median of 11.4× and above the Industrials sector median of 12.6×.

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
Jun 2026 31.3× 30.96%
Mar 2026 23.9× 16.79%
Dec 2025 20.5× 19.13%
Sep 2025 17.2× 18.81%
42 more quarters

Against its own ten years

Low 7.0× High 34.4×
Ten-year median 12.7×
Current reading's percentile 94

EV/EBITDA against peers

Company EV/EBITDA
OSK Oshkosh Corporation compare 7.9×
ALG Alamo Group, Inc. compare 9.2×
AGCO AGCO Corporation compare 10.1×
CNH CNH Industrial N.V. compare 12.2×
TEX Terex Corporation compare 12.9×
PCAR PACCAR Inc. compare 14.2×
FSS Federal Signal Corporation compare 14.9×
DE Deere & Company compare 19.4×
CAT Caterpillar Inc. 22.2×
Farm & Heavy Construction Machinery industry median 11.4×
Industrials sector median 12.6×
Market median 11.0×

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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