AIRT
Air T, Inc.
There isn't enough reported data to score AIRT yet.
CAT
Caterpillar Inc.
CAT's fundamentals are strong, but it looks expensive: trading at 24x earnings, above its usual 18x. Analysts expect strong earnings growth, though they disagree widely on how much.
AIRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Weak | |
| Weak |
AIRT's revenue is currently strong, and its profitability is stable, but its cash flow and balance sheet are weak.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
AIRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.3x | $30.19 | — |
| Cheap | 3.4x | $80.81 | +168% |
| Fair | 7.2x | $169 | +460% |
| Expensive | 68x | $1,597 | +5191% |
Historical ranges are pointers, not guarantees.
AIRT has the edge over CAT in the historical PE scenario, which offers more potential upside but is not a forecast.
CAT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $380 | -37% |
| Fair | 18x | $461 | -24% |
| Forward | 20x | $605 | — |
| Current | 24x | $605 | — |
| Expensive | 33x | $840 | +39% |
Historical ranges are pointers, not guarantees.
CAT's PE is in its expensive range at 24x. If earnings grow as analysts expect, today's price would be 20x next year's earnings, in its fair range.
AIRT Forward outlook
There aren't enough analyst estimates for AIRT to show an outlook.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for CAT, with profitability improving. However, they disagree widely on these estimates.
AIRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $23.60 | +$26.32 |
| Q1 2026 | $28.85 | +$31.08 |
| Q4 2025 | -$2.46 | -$2.18 |
| Q3 2025 | -$2.02 | -$1.15 |
| Q2 2025 | -$2.72 | -$0.37 |
| Q1 2025 | -$2.23 | +$0.19 |
| Q4 2024 | -$0.28 | +$4.72 |
| Q3 2024 | -$0.87 | +$3.28 |
AIRT has the edge over CAT on earnings, with more consistent year-over-year improvement.
CAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $30.32 | +19% |
| Q3 2026 | $25.48 | +31% |
| Q2 2026 | $23.23 | +18% |
| Q1 2026 | $20.08 | -2% |
| Q4 2025 | $18.81 | -15% |
| Q3 2025 | $19.46 | -9.7% |
| Q2 2025 | $19.64 | -10% |
| Q1 2025 | $20.50 | -7.4% |
| Q4 2024 | $22.05 | +9.6% |
CAT earned $25.48 per share over the past year, up 31% from the year before.
AIRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $115.5M | +63% |
| Q1 2026 | $120.9M | +82% |
| Q4 2025 | $71.1M | -8.7% |
| Q3 2025 | $64.2M | -21% |
| Q2 2025 | $70.9M | +6.7% |
| Q1 2025 | $66.3M | -8.8% |
| Q4 2024 | $77.9M | +22% |
| Q3 2024 | $81.2M | +2.9% |
AIRT's revenue is growing: $115M last quarter, up 63% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -11% | -12 points |
| Q1 2026 | -11% | -6.5 points |
| Q4 2025 | -5.3% | -7.6 points |
| Q3 2025 | 8.6% | +3.8 points |
| Q2 2025 | 0.6% | +1.5 points |
| Q1 2025 | -4.9% | -6.9 points |
| Q4 2024 | 2.3% | +4.8 points |
| Q3 2024 | 4.8% | +3.8 points |
AIRT's operating margin was −11% last quarter, down 12 points from the same quarter a year ago, near the bottom of its range since 2019.
CAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.7B | +17% |
| Q2 2026 | $20.5B | +24% |
| Q1 2026 | $17.4B | +22% |
| Q4 2025 | $19.1B | +18% |
| Q3 2025 | $17.6B | +9.5% |
| Q2 2025 | $16.6B | -0.7% |
| Q1 2025 | $14.2B | -9.8% |
| Q4 2024 | $16.2B | -5% |
CAT has the edge over AIRT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +3.1 points |
| Q2 2026 | 21% | +3.6 points |
| Q1 2026 | 18% | -0.4 points |
| Q4 2025 | 14% | -4.1 points |
| Q3 2025 | 17% | -2.2 points |
| Q2 2025 | 17% | -3.6 points |
| Q1 2025 | 18% | -4.2 points |
| Q4 2024 | 18% | -0.3 points |
CAT has the edge over AIRT on profitability, with a higher operating margin.
AIRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$24.2M | -$22.8M |
| Q1 2026 | -$15.3M | -485% |
| Q4 2025 | -$19.3M | -221% |
| Q3 2025 | -$5.6M | -309% |
| Q2 2025 | -$1.3M | -$1.1M |
| Q1 2025 | $4M | +$10.3M |
| Q4 2024 | $16M | +124% |
| Q3 2024 | $2.7M | -78% |
AIRT has burned cash in most quarters: −$64M over the past year, against $21M the year before.
CAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +19% |
| Q2 2026 | $3.8B | +47% |
| Q1 2026 | $1.1B | +97% |
| Q4 2025 | $2.7B | +0.1% |
| Q3 2025 | $3.1B | -1.5% |
| Q2 2025 | $2.6B | -4.2% |
| Q1 2025 | $579M | -63% |
| Q4 2024 | $2.7B | -22% |
CAT has the edge over AIRT on cash generation, producing positive trailing cash flow while its opponent burns cash.
AIRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -7K shares |
| 1 year | -0.3% | -7K shares |
| 3 years | -4.3% | -122K shares |
| 5 years | -6.7% | -194K shares |
| Available history | -11% | -333K shares |
AIRT has 3M diluted shares, about the same as a year ago.
CAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -1.6M shares |
| 1 year | -2.1% | -9.9M shares |
| 3 years | -10% | -51.7M shares |
| 5 years | -16% | -86.7M shares |
| Available history | -19% | -107M shares |
CAT has the edge over AIRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.2B |
| Q2 2026 | $1.5B |
| Q1 2026 | $5B |
| Q4 2025 | $340M |
| Q3 2025 | $362M |
| Q2 2025 | $828M |
| Q1 2025 | $3.7B |
| Q4 2024 | $640M |
CAT spent $8.1B buying back its own shares over the past year, up 47% from the year before.
AIRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 252.9x | High |
| Q4 2025 | 39.6x | High |
| Q3 2025 | 10.9x | High |
| Q2 2025 | 14.0x | High |
| Q1 2025 | 16.7x | High |
| Q4 2024 | 10.1x | High |
| Q3 2024 | 18.8x | High |
| Q2 2024 | 36.0x | High |
AIRT's net debt is more than 20 years of its operating earnings (EBITDA), up from 17 years a year ago.
CAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | 1.6x | Healthy |
CAT has more cash than debt.
AIRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.5 | Neutral |
| Stochastic | 32.5 | Neutral |
AIRT's weekly RSI is 58 (neutral) and its Stochastic is 33 (neutral).
CAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.7 | Neutral |
| Stochastic | 6.7 | Oversold |
CAT's weekly RSI is 33 (neutral) and its Stochastic is 7 (oversold).
AIRT PE vs Industrials Sector
| Metric | AIRT | Sector median | Relative |
|---|---|---|---|
| PE | 1.3x | 24x | 95% below |
| PE % | 9 | 58 | 49 pts below |
AIRT has the edge over CAT on valuation relative to its sector.
CAT PE vs Industrials Sector
| Metric | CAT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.3% below |
| PE % | 69 | 58 | 11 pts above |
CAT is trading at 24x earnings, in line with the Industrials sector's median of 24x.
AIRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.6 | 5.4% above |
| 20 week MA | $29.2 | 3.6% above |
| 50 week MA | $24.5 | 23% above |
| 100 week MA | $22.5 | 34% above |
| 200 week MA | $22.0 | 37% above |
AIRT has the edge over CAT on trend strength, trading above more of its moving averages.
CAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $709.0 | 15% below |
| 20 week MA | $797.0 | 24% below |
| 50 week MA | $771.3 | 22% below |
| 100 week MA | $586.7 | 3.2% above |
| 200 week MA | $443.1 | 37% above |
CAT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 37% above its 200-week average.
AIRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.0 | $38.4 | +92% |
| 2021 | $38.4 | $24.1 | -37% |
| 2022 | $24.1 | $23.1 | -4.2% |
| 2023 | $23.1 | $16.9 | -27% |
| 2024 | $16.9 | $20.4 | +21% |
| 2025 | $20.4 | $19.3 | -5.6% |
| 2026 YTD | $19.3 | $30.2 | +57% |
AIRT has the edge over CAT on returns for 2026, with the stronger performance.
CAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $148.3 | $179.6 | +21% |
| 2021 | $179.6 | $206.2 | +15% |
| 2022 | $206.2 | $239.9 | +16% |
| 2023 | $239.9 | $295.7 | +23% |
| 2024 | $295.7 | $364.9 | +23% |
| 2025 | $364.9 | $583.0 | +60% |
| 2026 YTD | $583.0 | $605.3 | +3.8% |
CAT has finished every year since 2020 higher, and it's up 3.8% so far in 2026.