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
- Consensus revenue growth for next year: Caterpillar +18.3%, Deere −9.4%.
- Market value: Caterpillar $335.91B, Deere $173.06B.
- Net margin: Caterpillar 14.5%, Deere 10.2%.
- Free-cash-flow yield: Deere 3.5%, Caterpillar 2.7%.
Price return
2025-10-16 → 2026-10-16
CAT+35.1%
DE+40.4%
Profile
latestSector
Industrials
Industrials
Industry
Agricultural - Machinery
Agricultural - Machinery
Market value
$335.91B
$173.06B
Enterprise value
$365.41B
$181.25B
Employees
118,000
73,100
Revenue per employee (TTM)
$633K
$656K
Our models
nightlythe valuation on each stock's pagePrice vs model
180% overvalued vs model
80% overvalued vs model
Model range
$176–455
$250–641
Models in the headline
1
1
FCF growth priced in, at a 10% return
22.8%
16.5%
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 2026-10-16Last close
$730.76
$641.86
52-week high
$1064.90
$709.48
52-week low
$513.91
$458.50
Price vs 52-week high
−31.4%
−9.5%
Price vs 52-week low
+42.2%
+40.0%
Average daily volume / shares
0.6%
0.5%
Beta
1.58
0.87
Returns
to 2026-10-161 month
−6.6%
−4.1%
3 months
−16.7%
+7.2%
6 months
−5.4%
+9.9%
Year to date
+27.6%
+37.9%
1 year
+35.1%
+40.4%
1 year, dividends added
+36.2%
+41.8%
2 years
+85.7%
+56.8%
Valuation
CAT price × TTM to Jun 2026 · DE price × TTM to Aug 2026P/E (TTM)
31.5×
35.7×
P/E on consensus EPS (next FY)
26.8×
35.5×
Price / sales
4.5×
3.6×
EV / sales
4.9×
3.8×
EV / EBITDA
23.6×
—
Price / book
—
6.2×
Price / free cash flow (FY)
37.7×
28.4×
Free-cash-flow yield (FY)
2.7%
3.5%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+18.3%
−9.4%
Revenue, 3-year CAGR
4.4%
−4.6%
Revenue, 5-year CAGR
10.1%
5.2%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+45.1%
−2.2%
EPS, 3-year CAGR
14.2%
−7.4%
Free cash flow, 3-year CAGR
11.3%
19.6%
Diluted shares, 3-year change
−11.0%
−11.3%
Profitability
CAT TTM to Jun 2026 · DE TTM to Aug 2026Gross margin (FY)†
32.3%
36.5%
Operating margin
17.5%
—
EBITDA margin
20.7%
—
Net margin
14.5%
10.2%
Free-cash-flow margin (FY)
13.2%
13.4%
Return on equity
—
17.4%
Return on assets
10.6%
4.5%
Asset turnover
0.73
0.45
† 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
$36.21B
$17.11B
Net debt
$29.50B
$8.19B
Debt / equity
—
0.6×
Net debt / EBITDA (TTM)
1.9×
—
Interest coverage (FY)
10.9×
2.7×
Current ratio (FY)
1.44
2.31
Dividends
trailing 12 monthsDividend yield
0.8%
1.0%
Dividends per share
$6.16
$6.48
Payout ratio (of TTM EPS)
26.5%
36.0%
Dividend per share, 5-year CAGR
8.0%
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
$23.4M
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
$47.98B
EBITDA
$15.47B
—
Operating income
$13.09B
—
Net income
$10.84B
$4.87B
EPS (diluted)
$23.23
$17.99
Operating cash flow
$11.74B
$7.46B
Capital expenditure
−$2.82B
−$1.36B
Free cash flow
$8.92B
$6.10B
Dividends paid
$2.75B
$1.72B
Keep comparing
Statements from the companies' SEC filings; 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.