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.
Decision snapshot: CAT stock price vs HWM: inconclusive — current versus $1.16K 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 HWM's multiple
Implied fair value · at CAT's multiple
Needs CAT P/E.
Snapshot Sep 10, 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
Not comparable
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
Nine 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.
Capital structure 97% equity / 3% debt · EV / Revenue 11.29x · EV proxy / EBITDA proxy 40.02x
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.
HOWMET AEROSPACE INC. · implied price per share
Bear
$35.51
Base
$44.03
Bull
$55.79
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.
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CAT vs TEX
AGCO CORP /DE
CAT vs AGCO
CNH Industrial N.V.
CAT vs CNHI
RTX Corp
CAT vs RTX
LOCKHEED MARTIN CORP
CAT vs LMT
NORTHROP GRUMMAN CORP /DE/
CAT vs NOC
BOEING CO
CAT vs BA
GENERAL DYNAMICS CORP
CAT vs GD
HUNTINGTON INGALLS INDUSTRIES, INC.
CAT vs HII
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 sustainably re-rate toward HWM-like multiples despite slower growth and weaker margins, then hold or consider buying only on a meaningful pullback because HWM-implied upside model still points to a much higher value than the current price, but the operating and valuation gap versus HWM is difficult to ignore.
CAT appears deeply overpriced versus HWM on the provided HWM-implied framework: the implied price of $1451.77 is 74.9% above the current price of $830.03. The gap is driven by CAT's much lower valuation multiples than HWM on a relative basis, but CAT's own current pricing still sits well below HWM-implied range.
Supporting Metrics