CAT
Caterpillar Inc.
CAT has lower modeled downside risk, despite its lower overall score.
MOG-A
Moog Inc.
MOG-A has a slight edge over CAT overall, supported by stronger valuation and stronger fundamentals.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
MOG-A Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Healthy |
MOG-A's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 has the edge over MOG-A in the historical PE scenario, which offers more potential upside but is not a forecast.
MOG-A PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $191 | -44% |
| Fair | 26x | $304 | -11% |
| Forward | 28x | $343 | — |
| Current | 29x | $343 | — |
| Expensive | 34x | $398 | +16% |
Historical ranges are pointers, not guarantees.
MOG-A's PE is 29x, but its earnings don't support one, so it isn't a reliable read right now.
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.
MOG-A Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MOG-A, 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 earned $25.48 per share over the past year, up 31% from the year before.
MOG-A Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.43 | +5.7% |
| Q2 2026 | $11.76 | +79% |
| Q1 2026 | $8.89 | +38% |
| Q4 2025 | $8.09 | +23% |
| Q3 2025 | $7.27 | +14% |
| Q2 2025 | $6.58 | +4.1% |
| Q1 2025 | $6.45 | +9.3% |
| Q4 2024 | $6.56 | +22% |
| Q3 2024 | $6.40 | +20% |
MOG-A 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 has the edge over MOG-A on profitability, with a higher operating margin.
MOG-A Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.1B | +15% |
| Q1 2026 | $1.1B | +13% |
| Q4 2025 | $1.1B | +21% |
| Q3 2025 | $1B | +14% |
| Q2 2025 | $971.4M | +7.4% |
| Q1 2025 | $934.8M | +0.5% |
| Q4 2024 | $910.3M | +6.2% |
| Q3 2024 | $917.3M | +5.2% |
MOG-A's revenue has grown year over year for 21 quarters in a row: $1.1B last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 16% | +4.3 points |
| Q1 2026 | 13% | +1.4 points |
| Q4 2025 | 12% | +1.2 points |
| Q3 2025 | 12% | +3 points |
| Q2 2025 | 12% | -0.1 points |
| Q1 2025 | 12% | -0.3 points |
| Q4 2024 | 11% | +0.1 points |
| Q3 2024 | 9.1% | -1 points |
MOG-A's operating margin was 16% last quarter, up 4.3 points from the same quarter a year ago, near the top of its range since 2019.
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.
MOG-A Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $132.6M | +43% |
| Q1 2026 | $97.8M | +5279% |
| Q4 2025 | -$79.1M | +$85.9M |
| Q3 2025 | $199M | +82% |
| Q2 2025 | $92.7M | +$94.6M |
| Q1 2025 | $1.8M | +$85.9M |
| Q4 2024 | -$165.1M | -818% |
| Q3 2024 | $109.4M | +4.4% |
MOG-A 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 MOG-A 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.
MOG-A Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -26.6K shares |
| 1 year | +0.6% | +179K shares |
| 3 years | 0% | +8.5K shares |
| 5 years | -0.9% | -279K shares |
| Available history | -8.8% | -3.1M shares |
MOG-A has 32M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $12.2M |
| Q1 2026 | $12.6M |
| Q4 2025 | $37.8M |
| Q3 2025 | $14.9M |
| Q2 2025 | $1.4M |
| Q1 2025 | $70.7M |
| Q4 2024 | $55.7M |
| Q3 2024 | $14.9M |
MOG-A spent $78M buying back its own shares over the past year, down 46% 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 MOG-A on leverage, with a lower net debt burden relative to earnings.
MOG-A Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 2.1x | Moderate |
| Q3 2024 | 1.7x | Healthy |
MOG-A's net debt is about 1.2 years of its operating earnings (EBITDA), down from 2.0 years 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).
MOG-A Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.3 | Neutral |
| Stochastic | 20.5 | Neutral |
MOG-A's weekly RSI is 46 (neutral) and its Stochastic is 20 (neutral).
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 MOG-A on valuation relative to its sector.
MOG-A PE vs Industrials Sector
| Metric | MOG-A | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 20% above |
| PE % | 64 | 58 | 6 pts above |
MOG-A is trading at 29x earnings, a 20% premium to the Industrials sector's median of 24x, though its earnings don't support one.
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.
MOG-A Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $358.8 | 4.5% below |
| 20 week MA | $380.0 | 9.8% below |
| 50 week MA | $339.1 | 1.1% above |
| 100 week MA | $264.0 | 30% above |
| 200 week MA | $203.7 | 68% above |
MOG-A 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.
MOG-A Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $85.8 | $79.2 | -7.6% |
| 2021 | $79.2 | $78.8 | -0.6% |
| 2022 | $78.8 | $86.9 | +10% |
| 2023 | $86.9 | $144.8 | +67% |
| 2024 | $144.8 | $196.2 | +36% |
| 2025 | $196.2 | $251.4 | +28% |
| 2026 YTD | $251.4 | $342.7 | +36% |
MOG-A has the edge over CAT on returns for 2026, with the stronger performance.