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

Caterpillar Inc. (CAT) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, Caterpillar Inc. (CAT) trades at a EV/Sales of 5.0×. Over the past ten years it has ranged from 1.3× (September 2015) to 7.5× (June 2026); the current reading is higher than 94% of that period. That is above the Farm & Heavy Construction Machinery industry median of 1.1× and above the Industrials sector median of 1.9×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.5× 39.44%
FY2024 3.2× 19.38%
FY2023 2.7× 2.55%
FY2022 2.6× (5.19%)
FY2021 2.8× (8.96%)
FY2020 3.0× 45.55%
FY2019 2.1× 10.00%
FY2018 1.9× (27.84%)
FY2017 2.6× 19.88%
FY2016 2.2× 43.34%

Quarterly newest first

Period EV/Sales Change
Jun 2026 7.1× 36.29%
Mar 2026 5.2× 15.95%
Dec 2025 4.5× 12.40%
Sep 2025 4.0× 15.55%
42 more quarters

Against its own ten years

Low 1.3× High 7.5×
Ten-year median 2.5×
Current reading's percentile 93

EV/Sales against peers

Company EV/Sales
OSK Oshkosh Corporation compare 0.8×
AGCO AGCO Corporation compare 0.9×
ALG Alamo Group, Inc. compare 1.1×
TEX Terex Corporation compare 1.2×
CNH CNH Industrial N.V. compare 2.1×
PCAR PACCAR Inc. compare 2.3×
FSS Federal Signal Corporation compare 3.0×
DE Deere & Company compare 4.7×
CAT Caterpillar Inc. 5.0×
Farm & Heavy Construction Machinery industry median 1.1×
Industrials sector median 1.9×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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