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%

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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 Segments Valuation Filings

Caterpillar Inc. (CAT) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Caterpillar Inc. (CAT) trades at a P/E ratio of 21.7×. Over the past ten years it has ranged from 0.0× (June 2017) to 737× (September 2017); the current reading is higher than 63% of that period. That is in line with the Farm & Heavy Construction Machinery industry median of 21.7× and below the Industrials sector median of 23.3×.

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<iframe src="https://stockrow.com/embed/CAT/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Caterpillar Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CAT/metrics/pe-ratio">Caterpillar Inc. (CAT) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	30.3×	85.13%
FY2024	16.4×	13.15%
FY2023	14.5×	(22.97%)
FY2022	18.8×	8.38%
FY2021	17.3×	(47.68%)
FY2020	33.1×	142.70%
FY2019	13.6×	11.18%
FY2018	12.3×	(89.85%)
FY2017	121×	—
FY2016	0.0×	—

Period	P/E ratio	Change
Sep 2026	31.7×	(30.54%)
Jun 2026	45.6×	29.98%
Mar 2026	35.1×	15.83%
Dec 2025	30.3×	24.25%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 737×

Ten-year median 17.7×

Current reading's percentile 58

Company	P/E ratio
BLBD Blue Bird Corporation compare	7.0×
OSK Oshkosh Corporation compare	17.2×
PCAR PACCAR Inc. compare	19.9×
CAT Caterpillar Inc.	21.7×
FSS Federal Signal Corporation compare	23.0×
TEX Terex Corporation compare	27.3×
AGCO AGCO Corporation compare	28.6×
DE Deere & Company compare	36.9×
CNH CNH Industrial N.V. compare	45.1×
Farm & Heavy Construction Machinery industry median	21.7×
Industrials sector median	23.3×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Caterpillar Inc. (CAT) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CAT

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CAT

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