Caterpillar Inc
—- Market cap
- —
- Debt
- —
- Cash
- −$9.98B
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $401.25B
Decision snapshot: CAT stock price near parity vs COST $818.57 current versus $934.58 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at COST's multiple
Implied fair value · at CAT's multiple
Snapshot Sep 11, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Reported gross margin
Operating income + D&A
Lower is better
Lower P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Complete market value, debt and cash evidence is required for enterprise value.
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
CATERPILLAR INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
COSTCO WHOLESALE CORP /NEW · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
DEERE & CO
CAT vs DE
CUMMINS INC
CAT vs CMI
Parker-Hannifin Corp
CAT vs PH
TEREX CORP
CAT vs TEX
AGCO CORP /DE
CAT vs AGCO
CNH Industrial N.V.
CAT vs CNHI
Walmart Inc.
CAT vs WMT
TARGET CORP
CAT vs TGT
KROGER CO
CAT vs KR
DOLLAR GENERAL CORP
CAT vs DG
AMAZON COM INC
CAT vs AMZN
HOME DEPOT, INC.
CAT vs HD
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe CAT can sustain its much stronger margins while also narrowing the growth and leverage gap versus COST, then hold or add modestly because CAT is already close to fair value on P/E but still supported by superior profitability.
CAT’s current price of $963.53 is only 2.0% below the P/E-based implied price of $983.03, indicating the stock is priced close to fair value on this framework. The broader COST comparison is less supportive because CAT screens much richer on sales-based multiples despite weaker growth.
Supporting Metrics