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Originally organized as Caterpillar Tractor Co. in 1925 in the State of California, our company was reorganized as Caterpillar Inc. in 1986 in the State of Delaware. As used herein, the term Caterpillar, we, us, our or the company refers to Caterpillar Inc. and its subsidiaries unless designated or identified otherwise.
$865.36
$10.51 (-1.20%)
Price from 2 days ago
16.52% operating margin is respectable but not wide. ROIC at 15.23%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 4.3%, steady but not accelerating. Margins contracted 3.7pp, which offsets some of the top-line progress.
At 43x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 11% versus the prior year, cash generation momentum has weakened.
43.1x earnings, 42.5x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$70.65B
▲ +4.3% YoY
Net Income (TTM)
$9.43B
▼ -17.7% YoY
Op. Margin
16.50%
▼ -3.7pp YoY
ROIC
30.26%
▼ -5.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$9.48B
▼ -11.2% YoY
Op. Cash Flow (TTM)
$12.32B
▼ -2.5% YoY
Net Debt
-$4.07B
Net Cash Position
Cash & Equiv.
$4.07B
5Y CAGR: +10.1%
5Y CAGR: +10.8%
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