CAT
Caterpillar Inc.
CAT has the edge over HUBB overall, supported by stronger modeled upside and stronger fundamentals.
HUBB
Hubbell Incorporated
HUBB 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.
HUBB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Under pressure |
HUBB's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
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.
HUBB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $438 | — |
| Cheap | 21x | $364 | -17% |
| Current | 26x | $438 | — |
| Fair | 27x | $457 | +4.3% |
| Expensive | 30x | $514 | +17% |
Historical ranges are pointers, not guarantees.
HUBB 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 |
CAT has the edge over HUBB on the outlook, with more favorable profitability expectations.
HUBB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HUBB, with profitability holding steady.
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.
HUBB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $22.42 | +31% |
| Q3 2026 | $17.06 | +5.8% |
| Q2 2026 | $16.89 | +9.6% |
| Q1 2026 | $16.93 | +14% |
| Q4 2025 | $16.67 | +16% |
| Q3 2025 | $16.13 | +16% |
| Q2 2025 | $15.41 | +14% |
| Q1 2025 | $14.79 | +10% |
| Q4 2024 | $14.37 | +2.3% |
HUBB 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's operating margin was 20% last quarter, up 3.1 points from the same quarter a year ago.
HUBB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.9B | +25% |
| Q2 2026 | $1.7B | +15% |
| Q1 2026 | $1.5B | +11% |
| Q4 2025 | $1.5B | +12% |
| Q3 2025 | $1.5B | +4.1% |
| Q2 2025 | $1.5B | +2.2% |
| Q1 2025 | $1.4B | -2.4% |
| Q4 2024 | $1.3B | -0.9% |
HUBB's revenue has grown year over year for six quarters in a row: $1.9B last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -0.2 points |
| Q2 2026 | 20% | -2.3 points |
| Q1 2026 | 17% | -0.1 points |
| Q4 2025 | 21% | +1.5 points |
| Q3 2025 | 22% | +0.9 points |
| Q2 2025 | 23% | +1.9 points |
| Q1 2025 | 18% | +1.2 points |
| Q4 2024 | 19% | +2.6 points |
HUBB 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 generated $11.3B in free cash flow over the past year, up 26% from the year before.
HUBB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $280.4M | +10% |
| Q2 2026 | $212.8M | -3.6% |
| Q1 2026 | $46M | +304% |
| Q4 2025 | $388.8M | +6.7% |
| Q3 2025 | $253.8M | +34% |
| Q2 2025 | $220.7M | +7.3% |
| Q1 2025 | $11.4M | -78% |
| Q4 2024 | $364.4M | +28% |
HUBB 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 HUBB 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.
HUBB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -0.6% | -300K shares |
| 3 years | -1.7% | -900K shares |
| 5 years | -2.9% | -1.6M shares |
| Available history | -2.9% | -1.6M shares |
HUBB has 53M diluted shares, down 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $36M |
| Q1 2026 | $167.5M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $100M |
| Q1 2025 | $125M |
| Q4 2024 | $10M |
HUBB spent $204M buying back its own shares over the past year, down 13% 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 HUBB on leverage, with a lower net debt burden relative to earnings.
HUBB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Moderate |
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.0x | Very low |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.0x | Very low |
HUBB's net debt is about 3.0 years of its operating earnings (EBITDA), up 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).
HUBB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.4 | Neutral |
| Stochastic | 13.5 | Oversold |
HUBB's weekly RSI is 41 (neutral) and its Stochastic is 14 (oversold).
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 HUBB on valuation relative to its sector.
HUBB PE vs Industrials Sector
| Metric | HUBB | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 6.6% above |
| PE % | 42 | 58 | 16 pts below |
HUBB is trading at 26x earnings, in line with 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 the edge over HUBB on trend strength, trading above more of its moving averages.
HUBB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $451.9 | 3.1% below |
| 20 week MA | $468.2 | 6.5% below |
| 50 week MA | $481.0 | 8.9% below |
| 100 week MA | $443.0 | 1.1% below |
| 200 week MA | $392.3 | 12% above |
HUBB has fallen below most of its moving averages, though it's still 12% above 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 HUBB on returns for 2026, with the stronger performance.
HUBB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $148.3 | $160.8 | +8.4% |
| 2021 | $160.8 | $204.4 | +27% |
| 2022 | $204.4 | $235.7 | +15% |
| 2023 | $235.7 | $328.9 | +40% |
| 2024 | $328.9 | $423.1 | +29% |
| 2025 | $423.1 | $454.9 | +7.5% |
| 2026 YTD | $454.9 | $438.0 | -3.7% |
HUBB has finished every year since 2020 higher, and it's down 3.7% so far in 2026.