AMPX
Amprius Technologies, Inc.
AMPX offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
CAT
Caterpillar Inc.
CAT has the edge over AMPX overall, supported by lower modeled downside and stronger modeled upside.
AMPX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Weak | |
| Unavailable |
AMPX's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
AMPX PE Valuation
AMPX has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 496x next year's earnings.
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.
AMPX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AMPX to return to profit, with revenue growing. However, they disagree widely on these estimates.
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.
AMPX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.02 | — |
| Q3 2026 | -$0.29 | -$0.02 |
| Q2 2026 | -$0.30 | +$0.04 |
| Q1 2026 | -$0.31 | +$0.11 |
| Q4 2025 | -$0.35 | +$0.10 |
| Q3 2025 | -$0.27 | +$0.18 |
| Q2 2025 | -$0.34 | +$0.11 |
| Q1 2025 | -$0.42 | +$0.01 |
| Q4 2024 | -$0.45 | -$0.02 |
AMPX is still losing money, but less than at its worst: $0.29 per share over the past year, against $0.57 at its worst in late 2023.
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 has the edge over AMPX on earnings quality, reporting a profit while its opponent remains loss making.
AMPX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $39.1M | +83% |
| Q2 2026 | $34M | +126% |
| Q1 2026 | $28.5M | +153% |
| Q4 2025 | $25.2M | +137% |
| Q3 2025 | $21.4M | +173% |
| Q2 2025 | $15.1M | +350% |
| Q1 2025 | $11.3M | +383% |
| Q4 2024 | $10.6M | +170% |
AMPX has the edge over CAT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -12% | +9.8 points |
| Q2 2026 | -13% | +33 points |
| Q1 2026 | -23% | +62 points |
| Q4 2025 | -101% | +9.7 points |
| Q3 2025 | -22% | +121 points |
| Q2 2025 | -45% | +341 points |
| Q1 2025 | -86% | +356 points |
| Q4 2024 | -111% | +137 points |
AMPX's operating margin was −12% last quarter, up 9.8 points from the same quarter a year ago, near the top of its range since 2021.
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's revenue has grown year over year for five quarters in a row: $20.7B last quarter, up 17% from the same quarter a year ago.
| 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 AMPX on profitability, with a higher operating margin.
AMPX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$13M | -$3.4M |
| Q2 2026 | -$4.7M | +$311K |
| Q1 2026 | -$38.3M | -$23.2M |
| Q4 2025 | -$5.9M | -$3.4M |
| Q3 2025 | -$9.7M | +$1.2M |
| Q2 2025 | -$5M | +$4.6M |
| Q1 2025 | -$15M | -$1.4M |
| Q4 2024 | -$2.5M | +$8.1M |
AMPX has burned cash in almost every quarter: −$62M over the past year, against −$32M 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 AMPX on cash generation, producing positive trailing cash flow while its opponent burns cash.
AMPX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +2.9M shares |
| 1 year | +16% | +19.7M shares |
| 3 years | +69% | +60M shares |
| 5 years | +74% | +62.2M shares |
AMPX has 146M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
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 AMPX 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.
AMPX Net Leverage
AMPX's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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.
AMPX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.9 | Neutral |
| Stochastic | 23.0 | Neutral |
AMPX's weekly RSI is 39 (neutral) and its Stochastic is 23 (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).
AMPX PE vs Industrials Sector
AMPX has no meaningful PE right now: it lost money over the past year.
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.
AMPX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.80 | 5.1% below |
| 20 week MA | $9.84 | 15% below |
| 50 week MA | $12.6 | 34% below |
| 100 week MA | $9.21 | 9.3% below |
| 200 week MA | $6.64 | 26% above |
AMPX has fallen below most of its moving averages, though it's still 26% above its 200-week average.
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 the edge over AMPX on trend strength, trading above more of its moving averages.
AMPX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $8.30 | $7.87 | -5.2% |
| 2023 | $7.87 | $5.29 | -33% |
| 2024 | $5.29 | $2.36 | -55% |
| 2025 | $2.36 | $8.27 | +250% |
| 2026 YTD | $8.27 | $8.35 | +1% |
AMPX's yearly returns have swung widely, from +250% in 2025 to −55% in 2024. It's up 1% so far in 2026.
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 the edge over AMPX on returns for 2026, with the stronger performance.