CAT
Caterpillar Inc.
CAT's fundamentals are strong, but it looks expensive: trading at 24x earnings, above its usual 18x. Analysts expect strong earnings growth, though they disagree widely on how much.
GSL
Global Ship Lease, Inc.
There isn't enough reported data to score GSL yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
GSL Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| Unavailable | |
| Healthy |
GSL's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.
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.
GSL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.6x | $29.87 | -31% |
| Fair | 3.4x | $39.12 | -9.8% |
| Current | 3.8x | $43.37 | — |
| Forward | 4x | $43.37 | — |
| Expensive | 6.6x | $75.59 | +74% |
Historical ranges are pointers, not guarantees.
GSL 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.
GSL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GSL, with profitability improving.
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 stronger earnings trend. Trailing diluted EPS is up 31% for CAT versus GSL up 25%.
GSL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.83 | -4.8% |
| Q4 2025 | $11.38 | +17% |
| Q2 2025 | $10.78 | +18% |
| Q1 2025 | $10.60 | +20% |
| Q4 2024 | $9.71 | +17% |
| Q2 2024 | $9.13 | +7.2% |
| Q1 2024 | $8.83 | +23% |
| Q4 2023 | $8.30 | +15% |
| Q2 2023 | $8.52 | +35% |
GSL's earnings per share have climbed steadily: $11.38 over the past year, up 25% from the year before, and higher year over year for 15 quarters in a row.
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% |
GSL has the stronger quarterly revenue trend. Revenue is up 17% for CAT versus up 121% for GSL.
| 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.
GSL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $383.6M | +7.6% |
| Q2 2025 | $188.5M | +8.7% |
| Q1 2025 | $187.8M | +4.6% |
| Q4 2024 | $356.5M | +0.9% |
| Q2 2024 | $173.5M | +8.2% |
| Q1 2024 | $179.6M | +15% |
| Q4 2023 | $353.4M | +4.7% |
| Q2 2023 | $160.4M | +11% |
GSL's revenue is growing: $384M last quarter, up 121% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 53% | -0.7 points |
| Q2 2025 | 54% | -0.1 points |
| Q1 2025 | 68% | +20 points |
| Q4 2024 | 53% | -0.3 points |
| Q2 2024 | 54% | -0.5 points |
| Q1 2024 | 54% | -0.2 points |
| Q4 2023 | 49% | -9.1 points |
| Q2 2023 | 53% | -6.4 points |
GSL's operating margin was 53% last quarter, down 0.7 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% |
GSL has the stronger cash trend. Its trailing FCF is up 247% versus its history, compared with CAT at up 39%.
GSL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $301.9M | +40% |
| Q2 2025 | $114M | +16% |
| Q1 2025 | $33.6M | -65% |
| Q4 2024 | $215.9M | +35% |
| Q2 2024 | $98.6M | +$132.5M |
| Q1 2024 | $95.2M | +16% |
| Q4 2023 | $159.4M | -23% |
| Q2 2023 | -$33.9M | -143% |
GSL generated $665M in free cash flow over the past year, up 108% from 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 GSL 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.
GSL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +302K shares |
| 1 year | +2.1% | +739K shares |
| 3 years | -1.5% | -550K shares |
| 5 years | +252% | +25.7M shares |
| Available history | +419% | +29M shares |
GSL has 36M diluted shares, up 2.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q2 2024 | — |
| Q1 2024 | $5M |
| Q2 2023 | $7M |
| Q1 2023 | $10M |
| Q2 2022 | $4.9M |
| Q1 2022 | — |
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.
GSL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 0.7x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 1.1x | Healthy |
| Q2 2024 | 1.0x | Healthy |
| Q1 2024 | 1.2x | Healthy |
| Q4 2023 | 1.6x | Healthy |
| Q2 2023 | 1.8x | Healthy |
GSL's net debt is less than a year of its operating earnings (EBITDA), down from a year 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).
GSL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 30.6 | Neutral |
GSL's weekly RSI is 54 (neutral) and its Stochastic is 31 (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.
GSL PE vs Industrials Sector
| Metric | GSL | Sector median | Relative |
|---|---|---|---|
| PE | 3.8x | 24x | 84% below |
| PE % | 63 | 58 | 5 pts above |
GSL 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 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.
GSL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $42.8 | 1.5% above |
| 20 week MA | $43.0 | 0.9% above |
| 50 week MA | $39.8 | 9% above |
| 100 week MA | $33.0 | 32% above |
| 200 week MA | $27.2 | 60% above |
GSL 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.
GSL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.99 | $11.5 | +27% |
| 2021 | $11.5 | $21.8 | +90% |
| 2022 | $21.8 | $17.1 | -21% |
| 2023 | $17.1 | $19.8 | +16% |
| 2024 | $19.8 | $21.8 | +10% |
| 2025 | $21.8 | $34.6 | +59% |
| 2026 YTD | $34.6 | $43.4 | +25% |
GSL has the edge over CAT on returns for 2026, with the stronger performance.