Caterpillar vs Deere CAT vs DE
Caterpillar and Deere on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
CATDE
What differs most
- Return on equity: Caterpillar 55.9%, Deere 17.4%.
- Consensus revenue growth for next year: Caterpillar +18.3%, Deere −7.3%.
- Market value: Caterpillar $318.15B, Deere $172.90B.
- Net margin: Caterpillar 14.5%, Deere 10.2%.
Price return
2025-10-26 → 2026-10-26
CAT+32.4%
DE+35.6%
Profile
latestSector
Industrials
Industrials
Industry
Agricultural - Machinery
Agricultural - Machinery
Market value
$318.15B
$172.90B
Enterprise value
$356.59B
$228.15B
Employees
118,000
73,100
Revenue per employee (TTM)
$633K
$652K
Our models
nightlythe valuation on each stock's pagePrice vs model
208% overvalued vs model
228% overvalued vs model
Model range
$141–422
$57.31–750
Models in the headline
1
1
FCF growth priced in, at a 10% return
25.7%
33.6%
Every model, its assumptions and its range: CAT valuation · DE valuation. The growth priced in, at any return: CAT reverse DCF · DE reverse DCF.
Trading
close 2026-10-26Last close
$692.13
$641.25
52-week high
$1064.90
$709.48
52-week low
$524.47
$461.63
Price vs 52-week high
−35.0%
−9.6%
Price vs 52-week low
+32.0%
+38.9%
Average daily volume / shares
0.6%
0.5%
Beta
1.58
0.87
Returns
to 2026-10-261 month
−15.8%
−7.1%
3 months
−22.1%
+2.1%
6 months
−16.7%
+14.0%
Year to date
+20.8%
+37.7%
1 year
+32.4%
+35.6%
1 year, dividends added
+33.9%
+37.0%
2 years
+79.3%
+57.2%
Valuation
CAT price × TTM to Jun 2026 · DE price × TTM to Aug 2026P/E (TTM)
29.8×
35.6×
P/E on consensus EPS (next FY)
25.3×
35.4×
Price / sales
4.3×
3.6×
EV / sales
4.8×
4.8×
EV / EBITDA
20.5×
19.5×
Price / book
16.4×
6.2×
Price / free cash flow (FY)
42.7×
53.5×
Free-cash-flow yield (FY)
2.3%
1.9%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+18.3%
−7.3%
Revenue, 3-year CAGR
4.4%
−4.5%
Revenue, 5-year CAGR
10.1%
5.2%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+45.5%
−2.2%
EPS, 3-year CAGR
14.2%
−7.4%
Free cash flow, 3-year CAGR
13.0%
52.5%
Diluted shares, 3-year change
−11.6%
−11.3%
Profitability
CAT TTM to Jun 2026 · DE TTM to Aug 2026Gross margin (FY)†
32.3%
36.5%
Operating margin
17.5%
19.0%
EBITDA margin
23.3%
24.5%
Net margin
14.5%
10.2%
Free-cash-flow margin (FY)
11.0%
7.2%
Return on equity
55.9%
17.4%
Return on assets
10.6%
4.5%
Asset turnover
0.73
0.44
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
CAT MRQ Jun 2026 · DE MRQ Aug 2026Cash
$6.71B
$8.93B
Total debt
$45.15B
$64.18B
Net debt
$38.43B
$55.25B
Debt / equity
2.3×
2.3×
Net debt / EBITDA (TTM)
2.2×
4.7×
Interest coverage (FY)
10.9×
2.7×
Current ratio (FY)
1.44
2.31
Dividends
trailing 12 monthsDividend yield
1.1%
1.0%
Dividends per share
$7.91
$6.48
Payout ratio (of TTM EPS)
34.0%
36.0%
Dividend per share, 5-year CAGR
13.1%
12.4%
Frequency
Irregular
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
7
8
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$26.2M
$15.9M
Analyst upgrades
1
2
Analyst downgrades
1
0
Statements
CAT income TTM to Jun 2026 · cash flow FY2025 · DE income TTM to Aug 2026 · cash flow FY2025Revenue
$74.73B
$47.68B
EBITDA
$17.40B
$11.70B
Operating income
$13.09B
$9.05B
Net income
$10.83B
$4.87B
EPS (diluted)
$23.25
$17.99
Operating cash flow
$11.74B
$7.46B
Capital expenditure
−$4.29B
−$4.23B
Free cash flow
$7.45B
$3.23B
Dividends paid
$2.75B
$1.72B
Keep comparing
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.