CAT
Caterpillar Inc.
CAT has the edge over CIX overall, supported by stronger modeled upside and lower modeled downside.
CIX
CompX International Inc.
CIX trails on the overall score without a compensating advantage in the available component scores.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
CIX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
CIX's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
CIX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $22.31 | -50% |
| Fair | 15x | $28.97 | -35% |
| Expensive | 18x | $34.20 | -23% |
| Current | 23x | $44.26 | — |
Historical ranges are pointers, not guarantees.
CIX has the edge over CAT in the historical PE scenario, which offers more potential upside but is not a forecast.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for CAT, with profitability improving. However, they disagree widely on these estimates.
CIX Forward outlook
There aren't enough analyst estimates for CIX to show an outlook.
CAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $29.73 | +17% |
| 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.
CIX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.89 | +20% |
| Q2 2026 | $1.79 | +19% |
| Q1 2026 | $1.64 | +12% |
| Q4 2025 | $1.58 | +17% |
| Q3 2025 | $1.57 | +2.6% |
| Q2 2025 | $1.51 | -12% |
| Q1 2025 | $1.46 | -12% |
| Q4 2024 | $1.35 | -27% |
CIX has the edge over CAT on earnings, with more consistent year-over-year improvement.
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 CIX on profitability, with a higher operating margin.
CIX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $44M | +10% |
| Q2 2026 | $43.6M | +8% |
| Q1 2026 | $40.6M | +0.7% |
| Q4 2025 | $37.7M | -1.9% |
| Q3 2025 | $40M | +19% |
| Q2 2025 | $40.4M | +12% |
| Q1 2025 | $40.3M | +6.1% |
| Q4 2024 | $38.4M | -11% |
CIX's revenue has picked up after three years of holding roughly level: $44M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +2.6 points |
| Q2 2026 | 20% | +4.8 points |
| Q1 2026 | 17% | +2.8 points |
| Q4 2025 | 15% | +2.3 points |
| Q3 2025 | 12% | +2 points |
| Q2 2025 | 16% | +1.5 points |
| Q1 2025 | 15% | +4.8 points |
| Q4 2024 | 13% | -4.6 points |
CIX's operating margin was 15% last quarter, up 2.6 points from the same quarter a year ago.
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 generated $11.3B in free cash flow over the past year, up 26% from the year before.
CIX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.7M | +46% |
| Q2 2026 | $6.1M | +80% |
| Q1 2026 | -$1.6M | -$602K |
| Q4 2025 | $11.4M | +61% |
| Q3 2025 | $5.3M | +45% |
| Q2 2025 | $3.4M | -64% |
| Q1 2025 | -$959K | -170% |
| Q4 2024 | $7.1M | -47% |
CIX generated $24M in free cash flow over the past year, up 60% from the year before.
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 CIX 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.
CIX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +2K shares |
| 1 year | 0% | +4K shares |
| 3 years | +0.1% | +16K shares |
| 5 years | -1% | -120K shares |
| Available history | -0.9% | -117K shares |
CIX has 12M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q4 2021 | $556,000 |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | $755,000 |
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.
CIX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | -1.8x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -1.8x | Net Cash |
| Q2 2025 | -2.3x | Net Cash |
| Q1 2025 | -2.5x | Net Cash |
| Q4 2024 | -2.9x | Net Cash |
CIX has the edge over CAT on leverage, with a lower net debt burden relative to earnings.
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).
CIX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 78.4 | Overbought |
| Stochastic | 84.2 | Overbought |
CIX's weekly RSI is 78 (overbought) and its Stochastic is 84 (overbought).
CAT PE vs Industrials Sector
| Metric | CAT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.1% below |
| PE % | 69 | 58 | 11 pts above |
CAT is trading at 24x earnings, in line with the Industrials sector's median of 24x.
CIX PE vs Industrials Sector
| Metric | CIX | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 2.5% below |
| PE % | 96 | 58 | 38 pts above |
CIX has the edge over CAT on valuation relative to its sector.
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.
CIX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.2 | 16% above |
| 20 week MA | $33.6 | 32% above |
| 50 week MA | $27.7 | 60% above |
| 100 week MA | $26.1 | 70% above |
| 200 week MA | $25.0 | 77% above |
CIX has the edge over CAT on trend strength, trading above more of its moving averages.
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.
CIX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.7 | $14.2 | -3.4% |
| 2021 | $14.2 | $22.5 | +59% |
| 2022 | $22.5 | $17.8 | -21% |
| 2023 | $17.8 | $25.3 | +42% |
| 2024 | $25.3 | $26.6 | +5.4% |
| 2025 | $26.6 | $23.1 | -13% |
| 2026 YTD | $23.1 | $44.3 | +92% |
CIX has the edge over CAT on returns for 2026, with the stronger performance.