CAT
Caterpillar Inc.
CAT has lower modeled downside risk, despite its lower overall score.
KBR
KBR, Inc.
KBR has a slight edge over CAT overall, supported by stronger valuation.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
KBR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Stable |
KBR's profitability is currently healthy, and its revenue and balance sheet are stable, but its cash flow 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.
KBR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9x | $35.32 | — |
| Current | 10x | $35.32 | — |
| Cheap | 13x | $44.16 | +25% |
| Fair | 23x | $80.26 | +127% |
| Expensive | 50x | $175 | +395% |
Historical ranges are pointers, not guarantees.
KBR 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 KBR on the outlook, with more favorable earnings and profitability expectations.
KBR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect KBR's revenue to grow, but its profitability to weaken.
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.
KBR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.90 | +12% |
| Q3 2026 | $3.48 | +20% |
| Q2 2026 | $3.32 | +21% |
| Q1 2026 | $3.13 | +5% |
| Q4 2025 | $3.21 | +15% |
| Q3 2025 | $2.90 | +17% |
| Q2 2025 | $2.75 | +76% |
| Q1 2025 | $2.98 | +$4.81 |
| Q4 2024 | $2.79 | +$4.75 |
KBR 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 has the edge over KBR on sales, with stronger typical year-over-year growth.
| 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 KBR on profitability, with a higher operating margin.
KBR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +5% |
| Q2 2026 | $2B | +1.6% |
| Q1 2026 | $1.9B | -6.4% |
| Q4 2025 | $1.9B | -11% |
| Q3 2025 | $1.9B | -0.8% |
| Q2 2025 | $2B | +5.2% |
| Q1 2025 | $2.1B | +13% |
| Q4 2024 | $2.1B | +23% |
KBR's revenue is recovering but still below its 2021 peak: $2B last quarter, up 5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.2% | -0.7 points |
| Q2 2026 | 8.7% | -1.3 points |
| Q1 2026 | 9.4% | -0.1 points |
| Q4 2025 | 10% | +3.4 points |
| Q3 2025 | 9.9% | +1 points |
| Q2 2025 | 9.9% | +0.2 points |
| Q1 2025 | 9.5% | +0.4 points |
| Q4 2024 | 6.7% | -1.8 points |
KBR's operating margin was 9.2% 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% |
CAT generated $11.3B in free cash flow over the past year, up 26% from the year before.
KBR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $163M | -14% |
| Q2 2026 | $34M | -83% |
| Q1 2026 | $98M | +10% |
| Q4 2025 | $33M | +94% |
| Q3 2025 | $190M | +34% |
| Q2 2025 | $203M | +27% |
| Q1 2025 | $89M | +35% |
| Q4 2024 | $17M | -73% |
KBR 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 KBR 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.
KBR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1M shares |
| 1 year | -1.6% | -2M shares |
| 3 years | -6.7% | -9M shares |
| 5 years | -13% | -19M shares |
| Available history | -11% | -16M shares |
KBR has 126M diluted shares, down 1.6% from a year ago, with $54M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $25M |
| Q1 2026 | $4M |
| Q4 2025 | $25M |
| Q3 2025 | $100M |
| Q2 2025 | $48M |
| Q1 2025 | $156M |
| Q4 2024 | $51M |
KBR spent $54M buying back its own shares over the past year, down 85% 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 KBR on leverage, with a lower net debt burden relative to earnings.
KBR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.7x | Moderate |
KBR's net debt is about 2.4 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).
KBR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.1 | Neutral |
| Stochastic | 49.2 | Neutral |
KBR's weekly RSI is 45 (neutral) and its Stochastic is 49 (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.
KBR PE vs Industrials Sector
| Metric | KBR | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 58% below |
| PE % | 0 | 58 | 58 pts below |
KBR 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 the edge over KBR on trend strength, trading above more of its moving averages.
KBR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.4 | 2.9% below |
| 20 week MA | $36.7 | 3.7% below |
| 50 week MA | $37.8 | 6.6% below |
| 100 week MA | $43.9 | 20% below |
| 200 week MA | $52.0 | 32% below |
KBR is in a downtrend: it's below all five of its weekly moving averages, and 32% 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 KBR on returns for 2026, with the stronger performance.
KBR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.6 | $29.7 | -2.8% |
| 2021 | $29.7 | $46.7 | +57% |
| 2022 | $46.7 | $52.3 | +12% |
| 2023 | $52.3 | $55.4 | +6% |
| 2024 | $55.4 | $57.1 | +3% |
| 2025 | $57.1 | $40.2 | -30% |
| 2026 YTD | $40.2 | $35.3 | -12% |
KBR has finished higher in four of the last six years. It's down 12% so far in 2026.