MarketCap
Facebook
X
Telegram
Caterpillar Financial Ratios 2025-2006 | CAT
Brief overview of Caterpillar 's multiples and efficiency
The comparison uses the five latest available annual observations between 2021 and 2025.
Market valuation is represented by P/E 40.88x (median 17.14x), EV/EBITDA 36.64x (median 18.2x), P/S 18.98x (median 2.45x). Multiples are on average 102.2% above their own medians. A substantial share of positive expectations may already be priced in.
Earnings yield calculated as 1/P/E is about 2.4%, showing current profit per unit of share price.
The latest available business-quality ratios are ROE 41.7%, ROA 9%, ROCE 52.3%. Current resource returns are convincing and help explain a higher market valuation.
On PEG (2.45x), valuation is stretched relative to growth and requires strong execution.
The cash conversion cycle lengthened from 113.9 days to 267.4 days, or 153.5 days. More cash is tied up in operations.
Overall assessment
Caterpillar 's profitability supports higher multiples, although much of the quality is already reflected in price.
Annual Financial Ratios Caterpillar
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
40.9 | 15.9 | 15.9 | 19.5 | 17.1 | 32.0 | 12.5 | 12.5 | 128.5 | -844.1 | 17.6 | 13.4 | 15.9 | 11.3 | 14.5 | 38.7 | 99.6 | 14.1 | 14.1 | - |
P/S |
19.0 | 10.6 | 2.5 | 2.2 | 2.2 | 2.3 | 1.4 | 1.4 | 2.1 | 1.5 | 0.8 | 0.9 | 1.1 | 1.0 | 1.2 | 0.9 | 0.7 | 1.0 | 1.1 | - |
EPS |
18.9 | 22.2 | 20.2 | 12.7 | 11.9 | 5.5 | 10.8 | 10.4 | 1.3 | -0.1 | 4.2 | 4.0 | 10.2 | 8.7 | 7.6 | 4.3 | 1.4 | 5.8 | 5.5 | - |
EV (Enterprise Value) |
431 B | 233 B | 225 B | 190 B | 168 B | 150 B | 132 B | 133 B | 152 B | 111 B | 101 B | 117 B | 124 B | 136 B | 139 B | 90.1 B | 69 B | 109 B | 95.9 B | -530 M |
EBITDA per Share |
25 | 28 | 29.6 | 19.2 | 17 | 12.8 | 19.4 | 18.7 | 12.3 | 7.06 | 10.6 | 13.8 | 13.5 | 18.3 | 18 | 9.91 | 4.74 | 10.5 | 10.5 | - |
EV/EBITDA |
36.6 | 17.1 | 14.9 | 18.7 | 18.2 | 18.2 | 9.7 | 9.5 | 16.2 | 19.1 | 9.8 | 9.0 | 10.1 | 7.8 | 8.9 | 14.4 | 23.7 | 16.9 | 14.3 | - |
PEG |
2.45 | 1.32 | 1.15 | 1.45 | 0.67 | 2.55 | 2.82 | 0.02 | 0.1 | 8.23 | -0.6 | 6.53 | -0.49 | 0.81 | 0.18 | - | - | - | - | - |
P/B |
17.0 | 8.8 | 8.4 | 8.2 | 6.7 | 6.2 | 5.2 | 5.5 | 7.0 | 4.3 | 2.5 | 2.9 | 2.9 | 3.7 | 5.3 | 3.3 | 2.5 | 7.5 | 5.5 | - |
P/CF |
30.9 | 14.3 | 12.8 | 16.8 | 15.5 | 15.2 | 17.9 | 21.1 | 28.8 | 21.1 | 10.8 | 10.6 | 10.5 | 390.2 | 23.1 | 7.5 | 3.6 | 10.8 | 6.3 | - |
ROE % |
41.67 | 55.36 | 52.99 | 42.19 | 39.31 | 19.53 | 41.65 | 43.66 | 5.48 | -0.51 | 14.12 | 21.96 | 18.15 | 32.31 | 36.77 | 8.91 | 2.63 | 57.46 | 39.43 | - |
ROA % |
9.01 | 12.30 | 11.81 | 8.18 | 7.84 | 3.83 | 7.77 | 7.83 | 0.98 | -0.09 | 2.68 | 4.36 | 4.46 | 6.36 | 6.05 | 1.51 | 0.39 | 5.25 | 6.31 | - |
ROCE % |
52.31 | 67.06 | 66.48 | 49.74 | 41.64 | 29.61 | 15.99 | 16.49 | 8.81 | 2.25 | 6.24 | 9.38 | 9.77 | 15.36 | 17.13 | 36.48 | 6.54 | 71.86 | 54.80 | - |
Current Ratio |
1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.5 | 1.4 | 1.3 | 1.2 | 1.3 | 1.4 | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 | 1.1 | 1.2 | - |
DSO |
192.7 | 209.3 | 49.4 | 53.2 | 56.5 | 65.4 | 121.5 | 116.4 | 130.0 | 137.4 | 121.8 | 110.9 | 112.6 | 105.0 | 109.0 | 60.4 | 84.5 | 62.7 | 33.5 | - |
DIO |
142.6 | 151.6 | 140.1 | 133.8 | 130.7 | 142.2 | 110.0 | 111.6 | 115.4 | 108.8 | 103.1 | 110.3 | 111.2 | 118.6 | 121.8 | - | - | - | - | - |
DPO |
67.9 | 70.7 | 70.8 | 74.3 | 73.4 | 75.8 | 58.2 | 68.2 | 74.7 | 58.3 | 53.4 | 58.9 | 57.8 | 51.5 | 68.4 | - | - | - | - | - |
Operating Cycle |
335.3 | 360.9 | 189.6 | 187.0 | 187.3 | 207.7 | 231.5 | 228.0 | 245.4 | 246.1 | 224.9 | 221.2 | 223.8 | 223.6 | 230.8 | 60.4 | 84.5 | 62.8 | 33.5 | - |
Cash Conversion Cycle |
267.4 | 290.1 | 118.7 | 112.7 | 113.9 | 131.8 | 173.3 | 159.7 | 170.7 | 187.9 | 171.5 | 162.3 | 166.0 | 172.1 | 162.4 | 60.4 | 84.5 | 62.8 | 33.5 | - |
All numbers in USD currency
Quarterly Financial Ratios Caterpillar
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
7.8 | 5.5 | 4.91 | 4.64 | 4.22 | 5.09 | 5.5 | 5.78 | 5.48 | 5.7 | 3.76 | - | 3.89 | 3.15 | 2.88 | - | 2.62 | 2.58 | 2.8 | 1.43 | 1.23 | 0.84 | 2 | 2 | 2.69 | 2.85 | 3.29 | 1.8 | 2.92 | 2.86 | 2.78 | -2.18 | 1.79 | 1.36 | 0.33 | -2 | 0.48 | 0.94 | 0.46 | -0.16 | 0.95 | 1.33 | 2.06 | -1.36 | 1.89 | 1.76 | 1.62 | 1.57 | 1.48 | 1.48 | 1.34 | 1.07 | 2.6 | 2.6 | 2.44 | 2.39 | 1.76 | 1.57 | 1.91 | 1.25 | 1.12 | 0.37 | 0.65 | 0.61 |
EBITDA per Share |
10.7 | 7.94 | 7.73 | 7.27 | 6.57 | 7.62 | 8.24 | 8.19 | 7.8 | 8.18 | 6.32 | - | 5.67 | 4.7 | 4.51 | - | 4.15 | 4.34 | 4.39 | - | 2.91 | 2.57 | 3.69 | - | 4.79 | 5.04 | 4.98 | - | 4.78 | 4.79 | 4.66 | - | 3.76 | 3.23 | 1.86 | - | 2.12 | 2.63 | 2.12 | - | 2.86 | 3.47 | 4.06 | - | 3.58 | 3.61 | 3.48 | - | 3.41 | 3.57 | 2.96 | - | 5.07 | 5.06 | 4.59 | - | 3.74 | 3.41 | 3.75 | 2.77 | 2.44 | 1.7 | 3.07 | 2.32 |
ROE % |
54.99 | 47.54 | 46.58 | 51.10 | 55.60 | 58.13 | 61.46 | 56.50 | 53.38 | 50.38 | 43.35 | 32.66 | 41.22 | 36.54 | 35.13 | 26.14 | 31.22 | 27.03 | 21.63 | 19.53 | 21.96 | 27.81 | 35.89 | 41.66 | 41.60 | 43.65 | 44.70 | 43.66 | 26.78 | 22.22 | 15.94 | 5.51 | 6.10 | 0.53 | -1.12 | -0.47 | 7.75 | 9.39 | 10.60 | 16.92 | 12.67 | 14.96 | 15.52 | 12.64 | 22.32 | 20.81 | 19.47 | 18.20 | 17.36 | 22.49 | 27.59 | 32.53 | 40.53 | 39.67 | 37.80 | 38.12 | 34.17 | 32.97 | 27.70 | 23.23 | 20.24 | 2.58 | 5.00 | 5.03 |
ROA % |
11.03 | 9.89 | 10.08 | 10.84 | 11.84 | 12.70 | 13.27 | 12.37 | 11.48 | 10.13 | 8.48 | 6.16 | 7.89 | 5.37 | 7.26 | 5.39 | 6.39 | 5.48 | 4.34 | 3.83 | 4.24 | 5.29 | 6.76 | 7.77 | 7.70 | 8.00 | 8.11 | 7.83 | 4.81 | 3.99 | 2.86 | 0.99 | 1.11 | 0.11 | -0.20 | -0.08 | 1.36 | 1.70 | 1.99 | 3.22 | 2.36 | 2.85 | 3.01 | 2.51 | 4.66 | 4.58 | 4.53 | 4.48 | 4.08 | 4.86 | 5.64 | 6.40 | 7.52 | 7.02 | 6.35 | 6.06 | 5.44 | 5.24 | 4.39 | 3.55 | 2.86 | 0.40 | 0.66 | 0.60 |
ROCE % |
68.78 | 60.90 | 60.59 | 66.14 | 70.75 | 73.30 | 77.09 | 71.80 | 67.38 | 62.89 | 53.74 | 38.71 | 48.68 | 43.75 | 42.33 | 31.48 | 37.89 | 33.02 | 31.55 | 20.63 | 34.44 | 43.16 | 53.15 | 44.02 | 59.19 | 60.77 | 60.61 | 45.53 | 56.49 | 49.92 | 37.29 | 22.32 | 25.96 | 20.94 | 16.08 | 13.32 | 19.53 | 24.85 | 30.34 | 26.60 | 34.88 | 37.43 | 36.78 | 25.35 | 32.06 | 31.24 | 28.31 | 20.00 | 34.77 | 42.94 | 48.69 | 42.86 | 56.46 | 54.08 | 53.38 | 40.17 | 52.19 | 49.12 | 42.37 | 31.62 | 24.30 | 5.63 | 3.43 | 4.71 |
Current Ratio |
1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | - | 1.2 | - | 1.3 | 1.2 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 |
DSO |
54.7 | 56.6 | 51.4 | 51.8 | 58.3 | 52.4 | 51.2 | 53.2 | 50.4 | 49.1 | 26.6 | - | 24.8 | 29.2 | 59.1 | - | 57.0 | 55.9 | 58.6 | 59.4 | 62.4 | 63.1 | 65.6 | 51.4 | 53.7 | 49.1 | 52.1 | 49.3 | 52.3 | 53.2 | 57.0 | 55.6 | 63.3 | 63.8 | 67.0 | 61.4 | 64.5 | 56.6 | 65.9 | 59.2 | 59.4 | 52.7 | 55.0 | 52.3 | 55.3 | 52.7 | 59.0 | 56.3 | 60.5 | 55.3 | 66.2 | 58.8 | 58.5 | 55.2 | 60.1 | 56.1 | 62.5 | 69.3 | 65.7 | 56.3 | 54.4 | 65.4 | 76.7 | - |
DIO |
143.7 | 155.7 | 146.8 | 153.9 | 179.0 | 155.9 | 153.0 | 163.1 | 152.3 | 145.9 | 79.6 | - | 75.4 | 68.8 | 138.8 | - | 139.4 | 127.5 | 134.1 | 133.7 | 150.4 | 146.3 | 142.3 | 112.8 | 120.0 | 103.4 | 115.5 | 105.3 | 116.6 | 111.7 | 114.8 | 102.0 | 119.1 | 117.0 | 125.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DPO |
71.2 | 74.1 | 67.6 | 69.0 | 78.9 | 69.3 | 69.0 | 73.7 | 70.1 | 71.7 | 40.4 | - | 36.9 | 38.2 | 78.8 | - | 74.9 | 70.0 | 73.0 | 71.8 | 80.8 | 78.6 | 75.9 | 59.6 | 63.4 | 54.7 | 65.9 | 64.4 | 71.3 | 68.3 | 72.1 | 66.0 | 77.1 | 75.7 | 74.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | - | 198.1 | 205.7 | 237.3 | 208.3 | 204.2 | 216.3 | 202.7 | 195.0 | 106.2 | - | 100.2 | 98.0 | 197.9 | - | 196.4 | 183.4 | 192.7 | 193.1 | 212.7 | 209.4 | 207.9 | 164.2 | 173.7 | 152.5 | 167.7 | 154.6 | 168.9 | 164.9 | 171.8 | 157.6 | 182.4 | 180.7 | 192.0 | 61.4 | 64.5 | 56.6 | 65.9 | 59.2 | 59.4 | 52.7 | 55.0 | 52.3 | 55.3 | 52.7 | 59.0 | 56.3 | 60.5 | 55.3 | 66.2 | 58.8 | 58.5 | 55.2 | 60.1 | 56.1 | 62.5 | 69.3 | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | 130.5 | 136.7 | 158.4 | 139.1 | 135.2 | 142.6 | 132.5 | 123.3 | 65.8 | - | 63.3 | 59.8 | 119.1 | - | 121.6 | 113.5 | 119.7 | 121.2 | 131.9 | 130.8 | 132.1 | 104.5 | 110.3 | 97.8 | 101.8 | 90.2 | 97.6 | 96.6 | 99.7 | 91.6 | 105.3 | 105.0 | 117.6 | 61.4 | 64.5 | 56.6 | 65.9 | 59.2 | 59.4 | 52.7 | 55.0 | 52.3 | 55.3 | 52.7 | 59.0 | 56.3 | 60.5 | 55.3 | 66.2 | 58.8 | 58.5 | 55.2 | 60.1 | 56.1 | 62.5 | 69.3 | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Caterpillar , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
USA
Britain
