Added to YB: 2026-08-18
Pitch date: 2026-08-15
CAT [neutral]
Caterpillar Inc.
+2.04%
current return
Author Info
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Company Info
Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally.
Market Cap
$393.7B
Pitch Price
$864.03
Price Target
996.00 (+13%)
Dividend
0.76%
EV/EBITDA
25.92
P/E
36.91
EV/Sales
5.79
Sector
Machinery
Category
growth
Caterpillar – When a Cyclical Stops Trading Like One
CAT (earnings): Q2 rev $20.5B (+24% YoY) record, beat by $1.3B; non-GAAP EPS $8.17 (+73%) beat $1.97; op margin 21.9% (+430bps); FCF $5.1B; backlog $72B (+92% YoY). AI datacenter power play but 2/3 rev diversified across construction/mining. ROIC 22%. Trades 31x '26 EPS, 82% premium to 10yr median. Hold, accumulate <$700; 2028 PT $996, ~7% CAGR—too rich.
Read full article (15 min)