CAT
Caterpillar Inc.
CAT's outlook is improving, though it still trails on the overall score.
PWR
Quanta Services, Inc.
PWR has the 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.
PWR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Healthy |
PWR'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 PWR in the historical PE scenario, which offers more potential upside but is not a forecast.
PWR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $287 | -53% |
| Forward | 30x | $606 | — |
| Fair | 46x | $512 | -15% |
| Current | 55x | $606 | — |
| Expensive | 62x | $690 | +14% |
Historical ranges are pointers, not guarantees.
PWR's PE is in its expensive range at 55x. If earnings grow as analysts expect, today's price would be 30x next year's earnings, in its cheap range.
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.
PWR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for PWR, with profitability improving. However, they disagree widely on these estimates.
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.
PWR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.51 | +86% |
| Q3 2026 | $11.04 | +64% |
| Q2 2026 | $8.73 | +35% |
| Q1 2026 | $7.29 | +18% |
| Q4 2025 | $6.80 | +13% |
| Q3 2025 | $6.75 | +25% |
| Q2 2025 | $6.46 | +22% |
| Q1 2025 | $6.20 | +20% |
| Q4 2024 | $6.03 | +21% |
PWR 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 PWR on profitability, with a higher operating margin.
PWR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12B | +57% |
| Q2 2026 | $9.6B | +41% |
| Q1 2026 | $7.9B | +26% |
| Q4 2025 | $7.8B | +20% |
| Q3 2025 | $7.6B | +18% |
| Q2 2025 | $6.8B | +21% |
| Q1 2025 | $6.2B | +24% |
| Q4 2024 | $6.6B | +13% |
PWR has the edge over CAT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.5% | +1.8 points |
| Q2 2026 | 7.3% | +1.8 points |
| Q1 2026 | 4.3% | +0.5 points |
| Q4 2025 | 6.2% | -0.7 points |
| Q3 2025 | 6.8% | +0.1 points |
| Q2 2025 | 5.5% | 0 points |
| Q1 2025 | 3.8% | +0.8 points |
| Q4 2024 | 6.9% | +1.3 points |
PWR's operating margin was 8.5% last quarter, up 1.8 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.
PWR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +182% |
| Q2 2026 | $864.5M | +456% |
| Q1 2026 | $171.7M | +55% |
| Q4 2025 | $934M | +65% |
| Q3 2025 | $421M | -20% |
| Q2 2025 | $155.4M | -32% |
| Q1 2025 | $110.4M | -29% |
| Q4 2024 | $565M | -37% |
PWR has the edge over CAT on cash flow, with stronger typical year-over-year growth.
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 PWR 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.
PWR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +254K shares |
| 1 year | +0.8% | +1.2M shares |
| 3 years | +2.6% | +3.9M shares |
| 5 years | +5.8% | +8.4M shares |
| Available history | +3.5% | +5.2M shares |
PWR has 153M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $16M |
| Q1 2025 | $118.6M |
| Q4 2023 | $350,000 |
PWR hasn't bought back shares in the past year.
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 PWR on leverage, with a lower net debt burden relative to earnings.
PWR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.6x | Healthy |
PWR's net debt is about 1.3 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).
PWR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 37.2 | Neutral |
PWR's weekly RSI is 48 (neutral) and its Stochastic is 37 (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 PWR on valuation relative to its sector.
PWR PE vs Industrials Sector
| Metric | PWR | Sector median | Relative |
|---|---|---|---|
| PE | 55x | 24x | 128% above |
| PE % | 71 | 58 | 13 pts above |
PWR is trading at 55x earnings, a 128% 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.
PWR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $622.2 | 2.6% below |
| 20 week MA | $636.9 | 4.8% below |
| 50 week MA | $599.6 | 1.1% above |
| 100 week MA | $476.2 | 27% above |
| 200 week MA | $350.0 | 73% above |
PWR 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.
PWR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.8 | $70.9 | +74% |
| 2021 | $70.9 | $111.9 | +58% |
| 2022 | $111.9 | $144.2 | +29% |
| 2023 | $144.2 | $215.8 | +50% |
| 2024 | $215.8 | $323.1 | +50% |
| 2025 | $323.1 | $432.7 | +34% |
| 2026 YTD | $432.7 | $606.2 | +40% |
PWR has the edge over CAT on returns for 2026, with the stronger performance.