CAT
Caterpillar Inc.
CAT has lower modeled downside risk, despite its lower overall score.
ECO
Okeanis Eco Tankers Corp.
ECO has the edge over CAT overall, supported by stronger valuation and stronger fundamentals.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
ECO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Stable | |
| Strong |
ECO's revenue, profitability and balance sheet are currently strong, and its cash flow is stable.
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.
ECO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.8x | $87.67 | — |
| Cheap | 6.7x | $71.57 | -18% |
| Current | 8.2x | $87.67 | — |
| Fair | 9.5x | $102 | +16% |
| Expensive | 14x | $154 | +76% |
Historical ranges are pointers, not guarantees.
ECO 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.
ECO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for ECO, with profitability holding steady. However, they disagree widely on these estimates.
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 ECO on earnings, with stronger typical year-over-year growth.
ECO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $18.39 | +72% |
| Q2 2026 | $10.72 | +413% |
| Q1 2026 | $5.66 | +128% |
| Q4 2025 | $3.74 | +11% |
| Q3 2025 | $2.39 | -34% |
| Q2 2025 | $2.09 | -45% |
| Q1 2025 | $2.48 | -41% |
| Q4 2024 | $3.38 | -25% |
| Q3 2024 | $3.63 | -32% |
ECO's earnings per share have jumped to their highest in seven years: $10.72 over the past year, up from $2.09 the year before.
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 ECO 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's operating margin was 20% last quarter, up 3.1 points from the same quarter a year ago.
ECO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $318.9M | +239% |
| Q1 2026 | $170.2M | +112% |
| Q4 2025 | $126.9M | +49% |
| Q3 2025 | $90.6M | +6.7% |
| Q2 2025 | $93.9M | -16% |
| Q1 2025 | $80.1M | -28% |
| Q4 2024 | $85.2M | -7.1% |
| Q3 2024 | $84.9M | -4.6% |
ECO's revenue has grown year over year for four quarters in a row: $319M last quarter, up 239% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 75% | +36 points |
| Q1 2026 | 58% | +30 points |
| Q4 2025 | 54% | +23 points |
| Q3 2025 | 38% | +6 points |
| Q2 2025 | 39% | -8.6 points |
| Q1 2025 | 28% | -22 points |
| Q4 2024 | 31% | -5.6 points |
| Q3 2024 | 32% | -7.5 points |
ECO has the edge over CAT on profitability, with a higher operating margin.
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 ECO on cash flow, with more consistent year-over-year improvement.
ECO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $110.7M | +197% |
| Q1 2026 | -$87.6M | -833% |
| Q4 2025 | -$7.7M | -125% |
| Q3 2025 | $29.5M | +331% |
| Q2 2025 | $37.3M | -27% |
| Q1 2025 | $12M | -84% |
| Q4 2024 | $30.6M | +696% |
| Q3 2024 | $6.9M | -88% |
ECO still generates free cash flow, though less than at its 2026 peak: $45M over the past year.
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 ECO 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.
ECO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.3% | +883K shares |
| 1 year | +21% | +6.9M shares |
| 3 years | +21% | +6.9M shares |
| 5 years | +21% | +6.7M shares |
| Available history | +19% | +6.2M shares |
ECO has 39M diluted shares, up 21% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $11.8M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $11.3M |
| Q4 2024 | $14.5M |
| Q3 2024 | $35.4M |
ECO spent $12M buying back its own shares over the past year, down 81% from the year before.
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 the edge over ECO on leverage, with a lower net debt burden relative to earnings.
ECO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q1 2025 | 3.4x | Elevated |
| Q4 2024 | 2.9x | Moderate |
| Q3 2024 | 2.8x | Moderate |
ECO's net debt is about a year of its operating earnings (EBITDA), down from 3.6 years a year ago.
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).
ECO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.4 | Neutral |
| Stochastic | 72.9 | Neutral |
ECO's weekly RSI is 61 (neutral) and its Stochastic is 73 (neutral).
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.
ECO PE vs Industrials Sector
| Metric | ECO | Sector median | Relative |
|---|---|---|---|
| PE | 8.2x | 24x | 66% below |
| PE % | 36 | 49 | 13 pts below |
ECO 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 |
ECO has stronger trend alignment. CAT is above 2 of 5 weekly averages versus ECO above 3 of 4.
ECO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $89.4 | 1.9% below |
| 20 week MA | $74.1 | 18% above |
| 50 week MA | $57.2 | 53% above |
| 100 week MA | $41.3 | 112% above |
ECO's trend is up, with a small recent dip: it's below only its 8-week average, and 112% above its 100-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.
ECO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $25.9 | $26.8 | +3.7% |
| 2024 | $26.8 | $21.0 | -22% |
| 2025 | $21.0 | $33.5 | +59% |
| 2026 YTD | $33.5 | $87.7 | +162% |
ECO has the edge over CAT on returns for 2026, with the stronger performance.