CAT
Caterpillar Inc.
CAT has the edge over ESLT overall, supported by stronger modeled upside and stronger valuation.
ESLT
Elbit Systems Ltd.
ESLT 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.
ESLT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ESLT'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 has the edge over ESLT in the historical PE scenario, which offers more potential upside but is not a forecast.
ESLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $341 | -53% |
| Fair | 34x | $455 | -37% |
| Current | 54x | $723 | — |
| Expensive | 56x | $752 | +4% |
Historical ranges are pointers, not guarantees.
ESLT's PE is in its expensive range at 54x.
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.
ESLT Forward outlook
There aren't enough analyst estimates for ESLT 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.
ESLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $13.38 | +52% |
| Q1 2026 | $12.46 | +58% |
| Q4 2025 | $11.47 | +60% |
| Q3 2025 | $9.88 | +68% |
| Q2 2025 | $8.81 | +62% |
| Q1 2025 | $7.88 | +56% |
| Q4 2024 | $7.16 | +50% |
| Q3 2024 | $5.87 | -1.7% |
ESLT 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 ESLT on profitability, with a higher operating margin.
ESLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.3B | +16% |
| Q1 2026 | $2.2B | +15% |
| Q4 2025 | $2.1B | +11% |
| Q3 2025 | $1.9B | +12% |
| Q2 2025 | $2B | +21% |
| Q1 2025 | $1.9B | +22% |
| Q4 2024 | $1.9B | +19% |
| Q3 2024 | $1.7B | +14% |
ESLT has the edge over CAT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.6% | +1.6 points |
| Q1 2026 | 9.4% | +1.5 points |
| Q4 2025 | 9.7% | +1.3 points |
| Q3 2025 | 8.9% | +1.6 points |
| Q2 2025 | 8% | +0.8 points |
| Q1 2025 | 7.9% | +1.1 points |
| Q4 2024 | 8.4% | +4.3 points |
| Q3 2024 | 7.3% | +0.3 points |
ESLT's operating margin was 9.6% last quarter, up 1.6 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.
ESLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $150.3M | +113% |
| Q1 2026 | $209.9M | +30% |
| Q4 2025 | $231.4M | -43% |
| Q3 2025 | $101.2M | +1896% |
| Q2 2025 | $70.6M | +$73.7M |
| Q1 2025 | $160.9M | +$247.3M |
| Q4 2024 | $404M | +42% |
| Q3 2024 | $5.1M | +$54.9M |
ESLT has the edge over CAT on cash flow, with more consistent year-over-year improvement.
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 ESLT 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.
ESLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.1% | +1.4M shares |
| 3 years | +7.8% | +3.5M shares |
| 5 years | +8.8% | +3.9M shares |
| Available history | +8.7% | +3.9M shares |
ESLT has 48M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ESLT hasn't bought back shares in the past year.
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 ESLT on leverage, with a lower net debt burden relative to earnings.
ESLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.8x | Healthy |
| Q3 2024 | 2.8x | Moderate |
ESLT's net debt is less than a year of its operating earnings (EBITDA), down from 1.6 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).
ESLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.4 | Neutral |
| Stochastic | 35.2 | Neutral |
ESLT's weekly RSI is 48 (neutral) and its Stochastic is 35 (neutral).
CAT PE vs Industrials Sector
| Metric | CAT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.3% below |
| PE % | 69 | 58 | 11 pts above |
CAT has the edge over ESLT on valuation relative to its sector.
ESLT PE vs Industrials Sector
| Metric | ESLT | Sector median | Relative |
|---|---|---|---|
| PE | 54x | 24x | 125% above |
| PE % | 80 | 58 | 22 pts above |
ESLT is trading at 54x earnings, a 125% premium to the Industrials sector's median of 24x.
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.
ESLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $720.4 | 0.4% above |
| 20 week MA | $747.8 | 3.3% below |
| 50 week MA | $752.9 | 4% below |
| 100 week MA | $580.7 | 25% above |
| 200 week MA | $390.0 | 85% above |
ESLT 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.
ESLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $158.9 | $131.0 | -18% |
| 2021 | $131.0 | $167.8 | +28% |
| 2022 | $167.8 | $170.1 | +1.4% |
| 2023 | $170.1 | $213.3 | +25% |
| 2024 | $213.3 | $257.3 | +21% |
| 2025 | $257.3 | $571.1 | +122% |
| 2026 YTD | $571.1 | $723.0 | +27% |
ESLT has the edge over CAT on returns for 2026, with the stronger performance.