CAT
Caterpillar Inc.
CAT has the edge over PRSU overall, supported by stronger modeled upside and lower modeled downside.
PRSU
Pursuit Attractions and Hospitality, Inc.
PRSU 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.
PRSU Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| Under pressure | |
| Strong |
PRSU's balance sheet is currently strong, and its profitability is stable, but its cash flow is under pressure. There isn't enough data to rate its revenue.
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 PRSU in the historical PE scenario, which offers more potential upside but is not a forecast.
PRSU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.9x | $4.91 | -91% |
| Forward | 29x | $53.88 | — |
| Current | 32x | $53.88 | — |
| Fair | 40x | $68.74 | +28% |
| Expensive | 56x | $94.78 | +76% |
Historical ranges are pointers, not guarantees.
PRSU's PE is in its fair range at 32x. If earnings grow as analysts expect, today's price would be 29x next year's earnings.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
CAT has the edge over PRSU on the outlook, with more favorable revenue and profitability expectations.
PRSU Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect PRSU's earnings to grow, with its revenue and profitability holding steady.
CAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $29.73 | +17% |
| 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.
PRSU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.86 | +9.2% |
| Q3 2026 | $1.70 | -86% |
| Q2 2026 | $1.35 | -88% |
| Q1 2026 | $1.01 | -92% |
| Q4 2025 | $0.80 | -93% |
| Q3 2025 | $12.50 | +1163% |
| Q2 2025 | $11.55 | +1440% |
| Q1 2025 | $12.32 | +11100% |
| Q4 2024 | $12.14 | +3947% |
PRSU 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 PRSU 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's operating margin was 20% last quarter, up 3.1 points from the same quarter a year ago.
PRSU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $251.5M | +4.4% |
| Q2 2026 | $133.5M | +14% |
| Q1 2026 | $51.6M | +37% |
| Q3 2025 | $241M | -47% |
| Q2 2025 | $116.7M | -69% |
| Q1 2025 | $37.6M | -86% |
| Q3 2024 | $455.7M | +25% |
| Q2 2024 | $378.5M | +18% |
PRSU's revenue has slid since its 2024 peak: $252M last quarter, up 4.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 45% | +1.1 points |
| Q2 2026 | 16% | +7.1 points |
| Q1 2026 | -50% | +38 points |
| Q4 2025 | -50% | N/A |
| Q3 2025 | 44% | +24 points |
| Q2 2025 | 9.1% | -5 points |
| Q1 2025 | -88% | -85 points |
| Q3 2024 | 20% | +4.2 points |
PRSU has the edge over CAT on profitability, with a higher operating margin.
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 PRSU on cash generation, producing positive trailing cash flow while its opponent burns cash.
PRSU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $70.5M | -19% |
| Q2 2026 | -$1.3M | -139% |
| Q1 2026 | -$46.4M | -$12.1M |
| Q4 2025 | -$44.6M | +$42.3M |
| Q3 2025 | $86.8M | -9.1% |
| Q2 2025 | $3.2M | -75% |
| Q1 2025 | -$34.3M | -$6M |
| Q4 2024 | -$86.9M | -$53.6M |
PRSU has burned cash in most quarters: −$22M over the past year, against −$31M 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 PRSU 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.
PRSU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +65K shares |
| 1 year | -1.5% | -415K shares |
| 3 years | +32% | +6.9M shares |
| 5 years | +38% | +7.8M shares |
PRSU has 28M diluted shares, down 1.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $7.5M |
| Q1 2026 | $25.2M |
| Q4 2024 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $2.8M |
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 PRSU on leverage, with a lower net debt burden relative to earnings.
PRSU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q1 2025 | 5.8x | High |
| Q4 2024 | 1.7x | Healthy |
| Q3 2024 | 1.8x | Healthy |
| Q2 2024 | 2.9x | Moderate |
PRSU's net debt is less than a year of its operating earnings (EBITDA), down from 5.8 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).
PRSU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.2 | Neutral |
| Stochastic | 74.0 | Neutral |
PRSU's weekly RSI is 63 (neutral) and its Stochastic is 74 (neutral).
CAT PE vs Industrials Sector
| Metric | CAT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.1% below |
| PE % | 69 | 58 | 11 pts above |
CAT has the edge over PRSU on valuation relative to its sector.
PRSU PE vs Industrials Sector
| Metric | PRSU | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 32% above |
| PE % | 36 | 58 | 22 pts below |
PRSU is trading at 32x earnings, a 32% premium to the Industrials sector's median of 24x.
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.
PRSU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $53.5 | 0.7% above |
| 20 week MA | $51.5 | 4.6% above |
| 50 week MA | $44.1 | 22% above |
| 100 week MA | $39.3 | 37% above |
| 200 week MA | $35.3 | 53% above |
PRSU 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.
PRSU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $68.2 | $35.1 | -49% |
| 2021 | $35.1 | $42.5 | +21% |
| 2022 | $42.5 | $24.9 | -41% |
| 2023 | $24.9 | $36.2 | +45% |
| 2024 | $36.2 | $42.8 | +18% |
| 2025 | $42.8 | $34.2 | -20% |
| 2026 YTD | $34.2 | $53.9 | +57% |
PRSU has the edge over CAT on returns for 2026, with the stronger performance.