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.
OPTT
Ocean Power Technologies, Inc.
There isn't enough reported data to score OPTT yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
OPTT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Unavailable |
OPTT's revenue, profitability and cash flow are currently 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.
OPTT PE Valuation
OPTT has no meaningful PE right now: it lost money over the past year.
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.
OPTT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| Moderate |
Analysts expect OPTT's losses to shrink, with revenue growing.
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 has the edge over OPTT on earnings quality, reporting a profit while its opponent remains loss making.
OPTT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$7.58 | -$2.78 |
| Q2 2026 | -$7.50 | -$2.40 |
| Q1 2026 | -$6.00 | +$1.50 |
| Q4 2025 | -$5.40 | +$4.20 |
| Q3 2025 | -$4.80 | +$7.20 |
| Q2 2025 | -$5.10 | +$9.00 |
| Q1 2023 | -$11.70 | +$0.73 |
| Q4 2022 | -$11.40 | +$0.73 |
OPTT is still losing money, but far less than before: $7.58 per share over the past year, against $18.43 at its worst in early 2021.
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 OPTT 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 OPTT on profitability, with a higher operating margin.
OPTT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7M | +44% |
| Q2 2026 | $1.6M | +23% |
| Q1 2026 | $513K | -38% |
| Q4 2025 | $424K | -82% |
| Q3 2025 | $1.2M | -9.1% |
| Q2 2025 | $1.3M | -16% |
| Q1 2025 | $825K | -54% |
| Q4 2024 | $2.4M | +172% |
OPTT's revenue is recovering but still below its 2024 peak: $2M last quarter, up 44% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -885% | -287 points |
| Q2 2026 | -744% | -180 points |
| Q1 2026 | -1777% | -1065 points |
| Q4 2025 | -2388% | -2226 points |
| Q3 2025 | -599% | -255 points |
| Q2 2025 | -564% | -134 points |
| Q1 2025 | -712% | -282 points |
| Q4 2024 | -162% | +680 points |
OPTT's operating margin was −885% last quarter, down 287 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 OPTT on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPTT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.4M | -$3.3M |
| Q2 2026 | -$3.1M | +$1.1M |
| Q1 2026 | -$6.8M | -$2.9M |
| Q4 2025 | -$7.8M | -$3.3M |
| Q3 2025 | -$7.1M | -$560K |
| Q2 2025 | -$4.2M | +$2.3M |
| Q1 2025 | -$4M | +$5.8M |
| Q4 2024 | -$4.5M | +$3.6M |
OPTT has burned cash in almost every quarter: −$28M over the past year, against −$20M 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 OPTT 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.
OPTT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +26% | +1.7M shares |
| 1 year | +67% | +3.3M shares |
| 3 years | +723% | +7.2M shares |
OPTT has 8M diluted shares, up 67% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | $2,000 |
| Q2 2023 | — |
| Q2 2021 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
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.
OPTT Net Leverage
OPTT's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
OPTT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 25.9 | Oversold |
| Stochastic | 2.5 | Oversold |
OPTT's weekly RSI is 26 (oversold) and its Stochastic is 3 (oversold).
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.
OPTT PE vs Industrials Sector
OPTT 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 OPTT on trend strength, trading above more of its moving averages.
OPTT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.84 | 19% below |
| 20 week MA | $3.51 | 81% below |
| 50 week MA | $8.17 | 92% below |
| 100 week MA | $12.4 | 95% below |
| 200 week MA | $11.7 | 94% below |
OPTT is in a downtrend: it's below all five of its weekly moving averages, and 94% 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 OPTT on returns for 2026, with the stronger performance.
OPTT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.7 | $93.3 | +249% |
| 2021 | $93.3 | $53.1 | -43% |
| 2022 | $53.1 | $15.1 | -72% |
| 2023 | $15.1 | $9.48 | -37% |
| 2024 | $9.48 | $14.3 | +51% |
| 2025 | $14.3 | $10.3 | -28% |
| 2026 YTD | $10.3 | $0.68 | -93% |
OPTT's yearly returns have swung widely, from +249% in 2020 to −72% in 2022. It's down 93% so far in 2026.