CAT
Caterpillar Inc.
CAT has the edge over FLUX overall, supported by stronger fundamentals and lower modeled downside.
FLUX
Flux Power Holdings, Inc.
FLUX 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.
FLUX Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
FLUX's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
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.
FLUX PE Valuation
FLUX has no meaningful PE right now: it lost money over the past year.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
CAT has the edge over FLUX on the outlook, with more favorable revenue expectations.
FLUX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect FLUX's losses to shrink, with revenue 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 FLUX on earnings quality, reporting a profit while its opponent remains loss making.
FLUX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.38 | +$0.07 |
| Q2 2026 | -$0.38 | +$0.02 |
| Q1 2026 | -$0.34 | +$0.12 |
| Q4 2025 | -$0.31 | +$0.19 |
| Q3 2025 | -$0.45 | -$0.01 |
| Q2 2025 | -$0.40 | +$0.07 |
| Q1 2025 | -$0.46 | -$0.02 |
| Q4 2024 | -$0.50 | -$0.13 |
FLUX is still losing money, but far less than before: $0.38 per share over the past year, against $2.85 at its worst in late 2019.
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 FLUX 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 FLUX on profitability, with a higher operating margin.
FLUX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.8M | -49% |
| Q2 2026 | $8.2M | -51% |
| Q1 2026 | $6.6M | -61% |
| Q4 2025 | $14.1M | -16% |
| Q3 2025 | $13.2M | -18% |
| Q2 2025 | $16.7M | +25% |
| Q1 2025 | $16.7M | +16% |
| Q4 2024 | $16.8M | -8.3% |
FLUX's revenue has slid since its 2023 peak: $7M last quarter, down 49% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -44% | -27 points |
| Q2 2026 | -25% | -21 points |
| Q1 2026 | -45% | -36 points |
| Q4 2025 | 5.6% | +14 points |
| Q3 2025 | -17% | -9 points |
| Q2 2025 | -4.5% | +9 points |
| Q1 2025 | -9.4% | +5.8 points |
| Q4 2024 | -8.8% | -6.8 points |
FLUX's operating margin was −44% last quarter, down 27 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 has the edge over FLUX on cash generation, producing positive trailing cash flow while its opponent burns cash.
FLUX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $301K | -59% |
| Q2 2026 | -$357K | +$1.4M |
| Q1 2026 | -$1.5M | +$236K |
| Q4 2025 | -$5.3M | -295% |
| Q3 2025 | $726K | -2.7% |
| Q2 2025 | -$1.8M | -$964K |
| Q1 2025 | -$1.7M | -$1.3M |
| Q4 2024 | $2.7M | +$3.8M |
FLUX has burned cash in most quarters: −$7M over the past year, against −$63,000 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 FLUX 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.
FLUX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +1.8M shares |
| 1 year | +28% | +4.8M shares |
| 3 years | +31% | +5.1M shares |
| 5 years | +57% | +7.8M shares |
| Available history | +323% | +16.5M shares |
FLUX has 22M diluted shares, up 28% 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.
FLUX Net Leverage
FLUX's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
FLUX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.9 | Neutral |
| Stochastic | 4.8 | Oversold |
FLUX's weekly RSI is 34 (neutral) and its Stochastic is 5 (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.
FLUX PE vs Industrials Sector
FLUX has no meaningful PE right now: it lost money over the past year.
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 FLUX on trend strength, trading above more of its moving averages.
FLUX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.43 | 26% below |
| 20 week MA | $0.55 | 42% below |
| 50 week MA | $0.96 | 67% below |
| 100 week MA | $1.50 | 79% below |
| 200 week MA | $2.75 | 88% below |
FLUX is in a downtrend: it's below all five of its weekly moving averages, and 88% 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 the edge over FLUX on returns for 2026, with the stronger performance.
FLUX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.20 | $12.8 | +205% |
| 2021 | $12.8 | $4.48 | -65% |
| 2022 | $4.48 | $4.15 | -7.4% |
| 2023 | $4.15 | $4.11 | -1% |
| 2024 | $4.11 | $1.67 | -59% |
| 2025 | $1.67 | $1.40 | -16% |
| 2026 YTD | $1.40 | $0.32 | -77% |
FLUX has finished five years in a row lower, and it's down 77% so far in 2026.