CAT
Caterpillar Inc.
CAT has the edge over RYAAY overall, supported by stronger modeled upside and stronger fundamentals.
RYAAY
Ryanair Holdings plc
RYAAY 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.
RYAAY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
RYAAY's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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.
RYAAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $50.83 | -12% |
| Current | 7.7x | $57.88 | — |
| Fair | 15x | $109 | +88% |
| Expensive | 23x | $168 | +191% |
Historical ranges are pointers, not guarantees.
RYAAY has the edge over CAT in the historical PE scenario, which offers more potential upside but is not a forecast.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
CAT has the edge over RYAAY on the outlook, with more favorable earnings and profitability expectations.
RYAAY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect RYAAY's revenue to grow, but its earnings and profitability to decline. 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.
RYAAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $7.48 | +23% |
| Q1 2026 | $9.75 | +226% |
| Q4 2025 | $9.95 | +219% |
| Q3 2023 | $4.62 | +128% |
| Q2 2023 | $3.40 | +819% |
| Q1 2023 | $2.47 | +$2.99 |
| Q4 2022 | $2.62 | +$3.45 |
| Q3 2022 | $2.03 | +$3.30 |
RYAAY 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 RYAAY on profitability, with a higher operating margin.
RYAAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.9B | +1.1% |
| Q1 2026 | $2.8B | +11% |
| Q4 2025 | $3.6B | +8.6% |
| Q3 2025 | $6.1B | +8.2% |
| Q2 2025 | $4.8B | +20% |
| Q1 2025 | $2.6B | -2.5% |
| Q4 2024 | $3.3B | 0% |
| Q3 2024 | $5.6B | +2.8% |
RYAAY's revenue has grown year over year for five quarters in a row: $4.9B last quarter, up 1.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 13% | -7.9 points |
| Q1 2026 | -20% | +1.2 points |
| Q4 2025 | 0.6% | -0.5 points |
| Q3 2025 | 36% | +3 points |
| Q2 2025 | 21% | +11 points |
| Q1 2025 | -21% | -5.8 points |
| Q4 2024 | 1.1% | 0 points |
| Q3 2024 | 33% | -2.1 points |
RYAAY's operating margin was 13% last quarter, down 7.9 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.
RYAAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $809.5M | -13% |
| Q1 2026 | $1.7B | +$2B |
| Q4 2025 | -$436.1M | -$114.2M |
| Q3 2025 | -$188.4M | +$181.6M |
| Q2 2025 | $928M | +34% |
| Q1 2025 | -$321.8M | -120% |
| Q4 2024 | -$321.8M | +$459.5M |
| Q3 2024 | -$370M | -$222.6M |
RYAAY's free cash flow has turned positive after three years mostly in the red: $1.9B over the past year.
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 RYAAY 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.
RYAAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +3.1M shares |
| 1 year | -1.9% | -10.3M shares |
| 3 years | +23% | +96.5M shares |
| 5 years | -6.2% | -34.7M shares |
| Available history | -6.5% | -36.4M shares |
RYAAY has 525M diluted shares, down 1.9% from a year ago, with $699M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $170.4M |
| Q1 2026 | $193.4M |
| Q4 2025 | $175.5M |
| Q3 2025 | $159.4M |
| Q2 2025 | $65.7M |
| Q1 2025 | $286.4M |
| Q4 2024 | $286.4M |
| Q3 2024 | $673M |
RYAAY spent $699M buying back its own shares over the past year, down 47% from the year before.
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.
RYAAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.0x | Net Cash |
| Q3 2024 | -0.1x | Net Cash |
RYAAY has the edge over CAT on leverage, with a lower net debt burden relative to earnings.
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).
RYAAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.0 | Neutral |
| Stochastic | 54.7 | Neutral |
RYAAY's weekly RSI is 51 (neutral) and its Stochastic is 55 (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.
RYAAY PE vs Industrials Sector
| Metric | RYAAY | Sector median | Relative |
|---|---|---|---|
| PE | 7.7x | 24x | 68% below |
| PE % | 24 | 58 | 34 pts below |
RYAAY has the edge over CAT on valuation relative to its sector.
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.
RYAAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.1 | 5.1% above |
| 20 week MA | $57.1 | 1.3% above |
| 50 week MA | $61.1 | 5.2% below |
| 100 week MA | $57.5 | 0.7% above |
| 200 week MA | $51.2 | 13% above |
RYAAY 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 the edge over RYAAY on returns for 2026, with the stronger performance.
RYAAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.8 | $43.2 | +24% |
| 2021 | $43.2 | $41.9 | -2.9% |
| 2022 | $41.9 | $30.6 | -27% |
| 2023 | $30.6 | $53.3 | +74% |
| 2024 | $53.3 | $44.1 | -17% |
| 2025 | $44.1 | $73.7 | +67% |
| 2026 YTD | $73.7 | $57.9 | -21% |
RYAAY has finished lower in three of the last six years. It's down 21% so far in 2026.