CAT
Caterpillar Inc.
CAT has the edge over CVV overall, supported by stronger fundamentals and stronger modeled upside.
CVV
CVD Equipment Corporation
CVV offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
CVV Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| Under pressure | |
| Strong |
CVV's balance sheet is currently strong, but its revenue, profitability and cash flow are under pressure.
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.
CVV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.4x | $3.98 | — |
| Cheap | 5x | $5.89 | +48% |
| Fair | 14x | $16.15 | +306% |
| Expensive | 73x | $85.38 | +2045% |
Historical ranges are pointers, not guarantees.
CVV 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 | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for CAT, with profitability improving. However, they disagree widely on these estimates.
CVV Forward outlook
There aren't enough analyst estimates for CVV to show an outlook.
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.
CVV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.17 | +$1.19 |
| Q2 2026 | $1.44 | +$1.49 |
| Q1 2026 | -$0.52 | -$0.51 |
| Q4 2025 | -$0.23 | +$0.05 |
| Q3 2025 | -$0.02 | +$0.62 |
| Q2 2025 | -$0.05 | +$0.73 |
| Q1 2025 | -$0.01 | +$0.82 |
| Q4 2024 | -$0.28 | +$0.34 |
CVV 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 has the edge over CVV on sales, with more consistent year-over-year improvement.
| 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 CVV on profitability, with a higher operating margin.
CVV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6M | -79% |
| Q2 2026 | $2M | -62% |
| Q1 2026 | $1.8M | -78% |
| Q4 2025 | $5M | -33% |
| Q3 2025 | $7.4M | -9.6% |
| Q2 2025 | $5.1M | -19% |
| Q1 2025 | $8.3M | +69% |
| Q4 2024 | $7.4M | +80% |
CVV's revenue has slid since its 2023 peak: $2M last quarter, down 79% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -149% | -153 points |
| Q2 2026 | -80% | -58 points |
| Q1 2026 | -97% | -101 points |
| Q4 2025 | -27% | -28 points |
| Q3 2025 | 4.2% | +3.2 points |
| Q2 2025 | -22% | -8.2 points |
| Q1 2025 | 3.2% | +36 points |
| Q4 2024 | 0.5% | +61 points |
CVV's operating margin was −149% last quarter, down 153 points from the same quarter a year ago, near the bottom of its range since 2019.
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 CVV on cash generation, producing positive trailing cash flow while its opponent burns cash.
CVV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44K | -97% |
| Q2 2026 | -$426K | +$2.7M |
| Q1 2026 | -$865K | +$1.4M |
| Q4 2025 | $398K | -83% |
| Q3 2025 | $1.4M | +$1.4M |
| Q2 2025 | -$3.2M | -$1.3M |
| Q1 2025 | -$2.3M | -$194K |
| Q4 2024 | $2.4M | +$2.6M |
CVV has burned cash in most quarters: −$849,000 over the past year, against −$2M 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 CVV 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.
CVV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +23K shares |
| 1 year | +1% | +66.8K shares |
| 3 years | +3.2% | +216K shares |
| 5 years | +4.7% | +310K shares |
| Available history | +5.9% | +388K shares |
CVV has 7M diluted shares, up 1% from 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.
CVV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -41.4x | Net Cash |
| Q1 2025 | -50.1x | Net Cash |
CVV has more cash than debt.
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).
CVV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.8 | Neutral |
| Stochastic | 7.3 | Oversold |
CVV's weekly RSI is 39 (neutral) and its Stochastic is 7 (oversold).
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.
CVV PE vs Industrials Sector
| Metric | CVV | Sector median | Relative |
|---|---|---|---|
| PE | 3.4x | 24x | 86% below |
| PE % | 10 | 58 | 48 pts below |
CVV 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 the edge over CVV on trend strength, trading above more of its moving averages.
CVV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.05 | 1.7% below |
| 20 week MA | $5.78 | 31% below |
| 50 week MA | $5.19 | 23% below |
| 100 week MA | $4.24 | 6.1% below |
| 200 week MA | $5.22 | 24% below |
CVV is in a downtrend: it's below all five of its weekly moving averages, and 24% below its 200-week average.
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.
CVV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.31 | $4.47 | +35% |
| 2021 | $4.47 | $4.09 | -8.5% |
| 2022 | $4.09 | $5.54 | +35% |
| 2023 | $5.54 | $4.43 | -20% |
| 2024 | $4.43 | $4.06 | -8.4% |
| 2025 | $4.06 | $3.03 | -25% |
| 2026 YTD | $3.03 | $3.98 | +31% |
CVV has the edge over CAT on returns for 2026, with the stronger performance.