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.
LNZA
LanzaTech Global, Inc.
There isn't enough reported data to score LNZA yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
LNZA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Unavailable |
LNZA's revenue is currently healthy, and its profitability is stable, but its cash flow is under pressure. 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.
LNZA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 0.3x | $4.82 | +23% |
| Current | 0.3x | $3.93 | — |
| Fair | 0.4x | $6.00 | +53% |
| Expensive | 0.4x | $6.15 | +56% |
Historical ranges are pointers, not guarantees.
LNZA 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.
LNZA Forward outlook
There aren't enough analyst estimates for LNZA to show an outlook.
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.
LNZA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $15.00 | +$83.00 |
| Q1 2026 | -$15.81 | +$51.19 |
| Q4 2025 | -$24.04 | +$45.96 |
| Q3 2025 | -$38.01 | +$27.52 |
| Q2 2025 | -$68.00 | -$18.47 |
| Q1 2025 | -$67.00 | -$17.47 |
| Q4 2024 | -$70.00 | +$24.53 |
LNZA 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 LNZA 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 LNZA on profitability, with a higher operating margin.
LNZA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $9M | -0.8% |
| Q1 2026 | $12M | +27% |
| Q4 2025 | $28M | +133% |
| Q3 2025 | $9.3M | -6.7% |
| Q2 2025 | $9.1M | -48% |
| Q1 2025 | $9.5M | -7.4% |
| Q4 2024 | $12M | -41% |
| Q3 2024 | $9.9M | -49% |
LNZA's revenue is growing: $9M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -110% | +245 points |
| Q1 2026 | -82% | +246 points |
| Q4 2025 | -0.7% | +224 points |
| Q3 2025 | -169% | +163 points |
| Q2 2025 | -355% | -224 points |
| Q1 2025 | -327% | -72 points |
| Q4 2024 | -225% | -134 points |
| Q3 2024 | -331% | -206 points |
LNZA's operating margin was −110% last quarter, up 245 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 LNZA on cash generation, producing positive trailing cash flow while its opponent burns cash.
LNZA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$2.1M | +$19.8M |
| Q1 2026 | -$9.3M | +$12.5M |
| Q4 2025 | -$6.4M | +$15.1M |
| Q3 2025 | -$16M | +$10.7M |
| Q2 2025 | -$21.9M | -$5.4M |
| Q1 2025 | -$21.8M | +$8M |
| Q4 2024 | -$21.4M | -$4.3M |
| Q3 2024 | -$26.7M | -$2.5M |
LNZA has burned cash in almost every quarter: −$34M over the past year, against −$92M 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 LNZA 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.
LNZA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +41% | +3.4M shares |
| 1 year | +435% | +9.5M shares |
| 3 years | +496% | +9.7M shares |
LNZA has 12M diluted shares, up 435% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $48,000 |
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.
LNZA Net Leverage
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).
LNZA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.9 | Neutral |
| Stochastic | 21.3 | Neutral |
LNZA's weekly RSI is 35 (neutral) and its Stochastic is 21 (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.
LNZA PE vs Industrials Sector
| Metric | LNZA | Sector median | Relative |
|---|---|---|---|
| PE | 0.3x | 24x | 99% below |
LNZA 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 LNZA on trend strength, trading above more of its moving averages.
LNZA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.21 | 25% below |
| 20 week MA | $5.67 | 31% below |
| 50 week MA | $10.6 | 63% below |
| 100 week MA | $28.8 | 86% below |
| 200 week MA | $202.1 | 98% below |
LNZA is in a downtrend: it's below all five of its weekly moving averages, and 98% 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 LNZA on returns for 2026, with the stronger performance.
LNZA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $990.0 | $965.0 | -2.5% |
| 2022 | $965.0 | $999.0 | +3.5% |
| 2023 | $999.0 | $503.0 | -50% |
| 2024 | $503.0 | $186.0 | -63% |
| 2025 | $186.0 | $13.1 | -93% |
| 2026 YTD | $13.1 | $3.93 | -70% |
LNZA has finished three years in a row lower, and it's down 70% so far in 2026.