CAT
Caterpillar Inc.
CAT has the edge over FBIN overall, supported by stronger modeled upside and lower modeled downside.
FBIN
Fortune Brands Innovations, Inc.
FBIN 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.
FBIN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Weak |
FBIN's cash flow is currently strong, and its revenue and profitability are stable, but its balance sheet is weak.
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 FBIN in the historical PE scenario, which offers more potential upside but is not a forecast.
FBIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $14.71 | -69% |
| Fair | 19x | $20.13 | -58% |
| Forward | 21x | $47.59 | — |
| Expensive | 24x | $25.67 | -46% |
| Current | 45x | $47.59 | — |
Historical ranges are pointers, not guarantees.
FBIN's PE is in its expensive range at 45x. On analysts' estimates for next year's earnings, today's price would be 21x, in its fair range.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
CAT has the edge over FBIN on the outlook, with more favorable earnings and revenue expectations.
FBIN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong decline | |
| Decline | |
| Weakening | |
| Limited | |
| Low |
Analysts expect FBIN's earnings and revenue to decline, with profitability weakening. 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 FBIN on earnings, with more consistent year-over-year improvement.
FBIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.25 | +112% |
| Q3 2026 | $1.06 | -60% |
| Q2 2026 | $1.23 | -61% |
| Q1 2026 | $2.25 | -34% |
| Q4 2025 | $2.47 | -34% |
| Q3 2025 | $2.68 | -25% |
| Q2 2025 | $3.18 | -9.9% |
| Q1 2025 | $3.41 | +4.3% |
| Q4 2024 | $3.75 | +18% |
FBIN's earnings per share have fallen from their peak: $1.06 over the past year, against $5.65 in late 2022.
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 FBIN 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 FBIN on profitability, with a higher operating margin.
FBIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | -3.1% |
| Q2 2026 | $1.2B | -4.1% |
| Q1 2026 | $1B | -2.1% |
| Q4 2025 | $1.1B | -2.4% |
| Q3 2025 | $1.1B | -0.5% |
| Q2 2025 | $1.2B | -3% |
| Q1 2025 | $1B | -6.9% |
| Q4 2024 | $1.1B | -4.9% |
FBIN's revenue fell from its 2022 peak and has held roughly level since: $1.1B last quarter, down 3.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.4% | -5.5 points |
| Q2 2026 | -0.8% | -15 points |
| Q1 2026 | 6% | -3.4 points |
| Q4 2025 | 11% | -4.9 points |
| Q3 2025 | 11% | -6.8 points |
| Q2 2025 | 14% | -1.8 points |
| Q1 2025 | 9.4% | -4.6 points |
| Q4 2024 | 16% | +4.6 points |
FBIN's operating margin was 5.4% last quarter, down 5.5 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 generated $11.3B in free cash flow over the past year, up 26% from the year before.
FBIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $331.1M | +87% |
| Q2 2026 | $179.3M | +51% |
| Q1 2026 | -$139.5M | -$26.9M |
| Q4 2025 | $183.7M | -13% |
| Q3 2025 | $177M | +0.8% |
| Q2 2025 | $118.7M | -47% |
| Q1 2025 | -$112.6M | +$23.3M |
| Q4 2024 | $212.1M | +52% |
FBIN 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 FBIN 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.
FBIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1% | -1.2M shares |
| 3 years | -6.7% | -8.5M shares |
| 5 years | -15% | -20.4M shares |
| Available history | -16% | -22M shares |
FBIN has 119M diluted shares, down 1% from a year ago, with $94M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $39.2M |
| Q2 2026 | $1.7M |
| Q1 2026 | $43.5M |
| Q4 2025 | $10M |
| Q3 2025 | — |
| Q2 2025 | $62.8M |
| Q1 2025 | $175M |
| Q4 2024 | $50M |
FBIN spent $94M buying back its own shares over the past year, down 67% 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 FBIN on leverage, with a lower net debt burden relative to earnings.
FBIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.2x | High |
| Q2 2026 | 4.9x | High |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.0x | Elevated |
FBIN's net debt is about 5.2 years of its operating earnings (EBITDA), up from 3.1 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).
FBIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.3 | Neutral |
| Stochastic | 60.3 | Neutral |
FBIN's weekly RSI is 56 (neutral) and its Stochastic is 60 (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 FBIN on valuation relative to its sector.
FBIN PE vs Industrials Sector
| Metric | FBIN | Sector median | Relative |
|---|---|---|---|
| PE | 45x | 24x | 87% above |
| PE % | 100 | 58 | 42 pts above |
FBIN is trading at 45x earnings, a 87% 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.
FBIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $42.6 | 12% above |
| 20 week MA | $45.5 | 4.7% above |
| 50 week MA | $46.1 | 3.3% above |
| 100 week MA | $51.8 | 8.1% below |
| 200 week MA | $61.5 | 23% below |
FBIN 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 the edge over FBIN on returns for 2026, with the stronger performance.
FBIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.1 | $76.1 | +36% |
| 2021 | $76.1 | $87.8 | +15% |
| 2022 | $87.8 | $56.8 | -35% |
| 2023 | $56.8 | $76.1 | +34% |
| 2024 | $76.1 | $69.2 | -9.1% |
| 2025 | $69.2 | $51.4 | -26% |
| 2026 YTD | $51.4 | $47.6 | -7.4% |
FBIN has finished lower in three of the last six years. It's down 7.4% so far in 2026.