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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

555.00 36.30 −6.14%
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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Caterpillar Inc. (CAT) trades at a P/B ratio of 11.9×. Over the past ten years it has ranged from 2.2× (September 2015) to 26.2× (June 2026); the current reading is higher than 91% of that period. That is above the Farm & Heavy Construction Machinery industry median of 1.3× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 12.6× 39.45%
FY2024 9.1× 18.19%
FY2023 7.7× (3.25%)
FY2022 7.9× 16.32%
FY2021 6.8× 5.74%
FY2020 6.4× 13.60%
FY2019 5.7× 6.22%
FY2018 5.3× (20.94%)
FY2017 6.8× 62.43%
FY2016 4.2× 53.18%

Quarterly newest first

Period P/B ratio Change
Sep 2026 17.3× (31.46%)
Jun 2026 25.3× 43.69%
Mar 2026 17.6× 39.30%
Dec 2025 12.6× 16.70%
43 more quarters

Against its own ten years

Low 2.2× High 26.2×
Ten-year median 6.1×
Current reading's percentile 90

P/B ratio against peers

Company P/B ratio
TEX Terex Corporation compare 1.3×
CNH CNH Industrial N.V. compare 1.8×
OSK Oshkosh Corporation compare 1.9×
AGCO AGCO Corporation compare 1.9×
PCAR PACCAR Inc. compare 2.6×
BLBD Blue Bird Corporation compare 3.1×
FSS Federal Signal Corporation compare 4.3×
DE Deere & Company compare 6.4×
CAT Caterpillar Inc. 11.9×
Farm & Heavy Construction Machinery industry median 1.3×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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