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.
RTO
Rentokil Initial plc
There isn't enough reported data to score RTO yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
RTO Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| Unavailable | |
| Unavailable |
RTO's profitability is currently strong. There isn't enough data to rate its revenue, cash flow and 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 has the edge over RTO in the historical PE scenario, which offers more potential upside but is not a forecast.
RTO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $4.90 | -79% |
| Current | 26x | $23.74 | — |
| Fair | 32x | $6.04 | -75% |
| Expensive | 39x | $7.43 | -69% |
Historical ranges are pointers, not guarantees.
RTO's PE is 26x, 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.
RTO Forward outlook
There aren't enough analyst estimates for RTO to show an outlook.
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.
RTO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.19 | +19% |
| Q4 2024 | $0.16 | -20% |
| Q4 2023 | $0.20 | +33% |
RTO and CAT do not have enough comparable growth data to identify a winner.
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's operating margin was 20% last quarter, up 3.1 points from the same quarter a year ago.
RTO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $6.9B | -4.5% |
| Q4 2024 | $7.2B | +1.1% |
| Q4 2023 | $7.1B | +45% |
| Q4 2022 | $4.9B | +148% |
| Q4 2021 | $2B | -0.7% |
| Q2 2021 | $1.9B | +13% |
| Q4 2020 | $2B | +11% |
| Q2 2020 | $1.7B | +0.1% |
RTO has the edge over CAT in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 8.4% | -4.3 points |
| Q4 2024 | 10% | -0.8 points |
| Q4 2023 | 12% | -0.3 points |
| Q4 2022 | 8.5% | +0.8 points |
| Q4 2021 | 13% | +4.8 points |
| Q2 2021 | 11% | +1.2 points |
| Q4 2020 | 12% | -1.1 points |
| Q2 2020 | 7.8% | -1.9 points |
RTO's operating margin was 8.4% last quarter, down 4.3 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 generated $11.3B in free cash flow over the past year, up 26% from the year before.
RTO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $764M | +13% |
| Q4 2024 | $674.4M | -11% |
| Q4 2023 | $758.2M | +28% |
| Q4 2022 | $594.6M | +204% |
| Q4 2021 | $195.5M | -38% |
| Q2 2021 | $346.1M | +55% |
| Q4 2020 | $313.5M | +18% |
| Q2 2020 | $223.1M | +36% |
RTO generated $2.8B in free cash flow over the past year, up 159% from 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 RTO 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.
RTO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +7M shares |
| 1 year | +578% | +2.2B shares |
| 3 years | +581% | +2.2B shares |
| 5 years | +595% | +2.2B shares |
| Available history | +601% | +2.2B shares |
RTO has 2.5B diluted shares, up 578% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | $12.6M |
| Q2 2021 | — |
| Q4 2020 | — |
| Q2 2020 | — |
| Q4 2019 | — |
| Q2 2019 | — |
| Q4 2018 | — |
| Q2 2018 | — |
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.
RTO Net Leverage
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).
RTO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.6 | Neutral |
| Stochastic | 64.2 | Neutral |
RTO's weekly RSI is 45 (neutral) and its Stochastic is 64 (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 RTO on valuation relative to its sector.
RTO PE vs Industrials Sector
| Metric | RTO | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 6.4% above |
| PE % | 12 | 58 | 46 pts below |
RTO is trading at 26x earnings, in line with 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 the edge over RTO on trend strength, trading above more of its moving averages.
RTO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.9 | 8.3% above |
| 20 week MA | $24.0 | 1% below |
| 50 week MA | $28.4 | 16% below |
| 100 week MA | $26.5 | 10% below |
| 200 week MA | $28.9 | 18% below |
RTO has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 18% 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 RTO on returns for 2026, with the stronger performance.
RTO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.7 | $35.1 | +14% |
| 2021 | $35.1 | $39.0 | +11% |
| 2022 | $39.0 | $30.8 | -21% |
| 2023 | $30.8 | $28.6 | -7.1% |
| 2024 | $28.6 | $25.4 | -11% |
| 2025 | $25.4 | $30.0 | +18% |
| 2026 YTD | $30.0 | $23.7 | -21% |
RTO has finished lower in three of the last six years. It's down 21% so far in 2026.