Caterpillar Inc. (CAT)

Caterpillar Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	367,804	268,091	175,141	150,521	124,669	111,834
Market Cap Growth	88.70%	53.07%	16.36%	20.74%	11.48%	13.10%
Enterprise Value	407,005	302,993	208,288	179,254	153,801	140,106
Last Close Price	800.14	569.39	355.19	284.93	226.23	190.75

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	34.48	30.18	16.23	14.56	18.59	17.23
Forward PE	27.84	27.73	17.06	14.51	15.83	17.95
PS Ratio	4.92	3.97	2.70	2.25	2.10	2.19
PB Ratio	18.96	12.58	8.98	7.72	7.85	6.77
P/TBV Ratio	28.04	17.02	12.65	11.05	12.69	12.27
P/FCF Ratio	40.89	35.97	19.86	15.37	24.13	23.66
P/OCF Ratio	27.11	22.84	14.55	11.68	16.05	15.54
PEG Ratio	1.52	3.63	2.39	1.02	0.93	0.67

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	5.45	4.48	3.21	2.67	2.59	2.75
EV/EBITDA Ratio	25.04	21.70	13.25	11.34	12.84	13.19
EV/EBIT Ratio	29.20	25.76	15.36	13.12	15.77	16.93
EV/FCF Ratio	45.25	40.65	23.62	18.30	29.77	29.65

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	2.33	2.07	2.00	1.97	2.36	2.33
Debt / EBITDA Ratio	2.73	3.10	2.44	2.39	3.07	3.53
Debt / FCF Ratio	5.02	5.91	4.42	3.93	7.27	8.13
Net Debt / Equity Ratio	2.02	1.63	1.69	1.56	1.98	1.76
Net Debt / EBITDA Ratio	2.41	2.49	2.09	1.93	2.63	2.73
Net Debt / FCF Ratio	4.36	4.66	3.72	3.11	6.10	6.15
Asset Turnover	0.78	0.73	0.74	0.79	0.72	0.63
Inventory Turnover	2.50	2.56	2.41	2.61	2.73	2.79
Quick Ratio	0.78	0.87	0.81	0.81	0.80	0.93
Current Ratio	1.37	1.44	1.42	1.35	1.39	1.46
Return on Equity (ROE)	56.97%	43.53%	55.33%	58.38%	41.37%	40.72%
Return on Assets (ROA)	9.03%	7.89%	9.68%	10.08%	7.40%	6.42%
Return on Invested Capital (ROIC)	18.30%	16.55%	21.32%	22.12%	16.04%	14.51%
Return on Capital Employed (ROCE)	22.20%	19.00%	24.40%	25.90%	19.40%	15.60%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	2.95%	3.31%	6.16%	6.87%	5.38%	5.80%
FCF Yield	2.45%	2.78%	5.04%	6.51%	4.15%	4.23%
Dividend Yield	0.81%	1.04%	1.56%	1.79%	2.08%	2.29%
Payout Ratio	28.10%	30.94%	24.52%	24.80%	36.39%	35.94%
Buyback Yield / Dilution	2.67%	3.49%	4.71%	3.17%	3.30%	0.02%
Total Shareholder Return	3.48%	4.54%	6.27%	4.96%	5.38%	2.30%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

Data Sources Report a data error