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.
IRS
IRSA Inversiones y Representaciones Sociedad Anónima
There isn't enough reported data to score IRS yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
IRS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Weak |
IRS's profitability is currently healthy, but its balance sheet is weak. 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.
IRS PE Valuation
IRS has no meaningful PE right now: it lost money over the past year.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for CAT, with profitability improving. However, they disagree widely on these estimates.
IRS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| -- | |
| Limited | |
| -- |
Analysts expect IRS to return to profit, with revenue growing.
CAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $29.73 | +17% |
| 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.
IRS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | $0.15 | +$0.17 |
| Q2 2024 | -$0.02 | -140% |
| Q2 2023 | $0.05 | +67% |
| Q2 2022 | $0.03 | +$0.06 |
| Q2 2021 | -$0.03 | -250% |
| Q2 2020 | $0.02 | +$3.05 |
IRS has the edge over CAT in the latest year-over-year earnings comparison.
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.
IRS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $303.3M | +43% |
| Q2 2024 | $212.7M | +268% |
| Q2 2023 | $57.8M | +178% |
| Q2 2022 | $20.8M | +147% |
| Q2 2021 | $8.4M | -86% |
| Q2 2020 | $62M | +37% |
| Q2 2019 | $45.2M | +111% |
| Q2 2018 | $21.4M | +74% |
IRS has the edge over CAT in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2025 | 37% | +83 points |
| Q2 2024 | -62% | -102 points |
| Q2 2023 | -24% | -7 points |
| Q2 2022 | 82% | -3.4 points |
| Q2 2021 | -46% | -80 points |
| Q2 2020 | 40% | +37 points |
| Q2 2019 | -17% | -35 points |
| Q2 2018 | 85% | +69 points |
IRS's operating margin was 37% last quarter, up 83 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.
IRS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2021 | $743.7K | -96% |
| Q2 2020 | $16.9M | +80% |
| Q2 2019 | $9.4M | +17% |
| Q2 2018 | $8.1M | +605% |
| Q2 2017 | $1.1M | +86% |
IRS has the edge over CAT in the latest year-over-year cash flow comparison.
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 IRS 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.
IRS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.7% | +36.6M shares |
| 1 year | +1303% | +759M shares |
IRS has 817M diluted shares, up 1303% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2017 | — |
| Q1 2017 | — |
| Q4 2016 | — |
| Q3 2016 | — |
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.
IRS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 5.4x | High |
| Q2 2022 | 2.3x | Moderate |
| Q2 2020 | 5.2x | High |
| Q2 2018 | 5.3x | High |
| Q2 2017 | 5.3x | High |
IRS's net debt is about 5.3 years of its operating earnings (EBITDA), about the same as 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).
IRS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 19.1 | Oversold |
IRS's weekly RSI is 35 (neutral) and its Stochastic is 19 (oversold).
CAT PE vs Industrials Sector
| Metric | CAT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.1% below |
| PE % | 69 | 58 | 11 pts above |
CAT is trading at 24x earnings, in line with the Industrials sector's median of 24x.
IRS PE vs Industrials Sector
| Metric | IRS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
IRS 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 IRS on trend strength, trading above more of its moving averages.
IRS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.7 | 12% below |
| 20 week MA | $14.6 | 17% below |
| 50 week MA | $15.1 | 20% below |
| 100 week MA | $14.7 | 17% below |
| 200 week MA | $11.6 | 4.1% above |
IRS has fallen below most of its moving averages, though it's still 4.1% 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 IRS on returns for 2026, with the stronger performance.
IRS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.39 | $4.73 | -36% |
| 2021 | $4.73 | $4.50 | -4.9% |
| 2022 | $4.50 | $5.13 | +14% |
| 2023 | $5.13 | $8.30 | +62% |
| 2024 | $8.30 | $15.4 | +86% |
| 2025 | $15.4 | $16.0 | +3.8% |
| 2026 YTD | $16.0 | $12.1 | -24% |
IRS has finished higher in four of the last six years, two of them by more than 50%. It's down 24% so far in 2026.