CAT
Caterpillar Inc.
CAT has the edge over PESI overall, supported by stronger fundamentals and stronger modeled upside.
PESI
Perma-Fix Environmental Services, Inc.
PESI offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
PESI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Strong |
PESI's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are weak.
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.
PESI PE Valuation
PESI 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.
PESI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect PESI'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 PESI on earnings quality, reporting a profit while its opponent remains loss making.
PESI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.19 | -$0.52 |
| Q2 2026 | -$1.13 | +$0.01 |
| Q1 2026 | -$0.96 | +$0.30 |
| Q4 2025 | -$0.75 | +$0.58 |
| Q3 2025 | -$0.67 | +$0.41 |
| Q2 2025 | -$1.14 | -$0.65 |
| Q1 2025 | -$1.26 | -$1.07 |
| Q4 2024 | -$1.33 | -3425% |
PESI lost $1.19 per share over the past year, a bigger loss than the year before.
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 PESI 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 PESI on profitability, with a higher operating margin.
PESI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $17.9M | +2.8% |
| Q2 2026 | $12.9M | -12% |
| Q1 2026 | $11.1M | -20% |
| Q4 2025 | $15.7M | +6.9% |
| Q3 2025 | $17.5M | +3.8% |
| Q2 2025 | $14.6M | +4.3% |
| Q1 2025 | $13.9M | +2.2% |
| Q4 2024 | $14.7M | -35% |
PESI's revenue has slid since its 2020 peak: $18M last quarter, up 2.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -20% | -9.7 points |
| Q2 2026 | -51% | -31 points |
| Q1 2026 | -67% | -40 points |
| Q4 2025 | -21% | +3.8 points |
| Q3 2025 | -11% | +4.7 points |
| Q2 2025 | -20% | +16 points |
| Q1 2025 | -27% | +5.9 points |
| Q4 2024 | -24% | -24 points |
PESI's operating margin was −20% last quarter, down 9.7 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 has the edge over PESI on cash generation, producing positive trailing cash flow while its opponent burns cash.
PESI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$4.6M | +$1.3M |
| Q2 2026 | -$7M | -$4.2M |
| Q1 2026 | -$4.6M | -$2M |
| Q4 2025 | -$4.2M | +$262K |
| Q3 2025 | -$5.8M | +$695K |
| Q2 2025 | -$2.8M | -$477K |
| Q1 2025 | -$2.6M | +$2.2M |
| Q4 2024 | -$4.5M | -177% |
PESI has burned cash in most quarters: −$20M over the past year, against −$16M 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 PESI 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.
PESI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7% | +1.3M shares |
| 1 year | +7.5% | +1.4M shares |
| 3 years | +43% | +6M shares |
PESI has 20M diluted shares, up 7.5% from a year ago.
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.
PESI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | -1.4x | Net Cash |
| Q3 2023 | 0.5x | Very low |
| Q2 2023 | -16.2x | Net Cash |
| Q1 2021 | 2.4x | Moderate |
| Q4 2020 | -0.2x | Net Cash |
| Q3 2020 | 0.4x | Very low |
| Q2 2020 | 0.4x | Very low |
| Q1 2020 | 0.2x | Very low |
PESI has more cash than debt.
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).
PESI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 23.3 | Neutral |
PESI's weekly RSI is 54 (neutral) and its Stochastic is 23 (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.
PESI PE vs Industrials Sector
| Metric | PESI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
PESI 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 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.
PESI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.9 | 12% above |
| 20 week MA | $15.7 | 1% below |
| 50 week MA | $13.8 | 13% above |
| 100 week MA | $12.1 | 29% above |
| 200 week MA | $11.1 | 40% above |
PESI 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.
PESI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.06 | $6.05 | -33% |
| 2021 | $6.05 | $6.70 | +11% |
| 2022 | $6.70 | $3.48 | -48% |
| 2023 | $3.48 | $7.86 | +126% |
| 2024 | $7.86 | $10.9 | +38% |
| 2025 | $10.9 | $12.9 | +19% |
| 2026 YTD | $12.9 | $15.6 | +21% |
PESI has the edge over CAT on returns for 2026, with the stronger performance.