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.
SFL
SFL Corporation Ltd.
There isn't enough reported data to score SFL yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
SFL Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| Unavailable | |
| Weak |
SFL's profitability is currently strong, but its balance sheet is weak. There isn't enough data to rate its revenue and cash flow.
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 SFL in the historical PE scenario, which offers more potential upside but is not a forecast.
SFL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.5x | $3.10 | -72% |
| Fair | 12x | $5.65 | -49% |
| Expensive | 23x | $10.92 | -1.7% |
| Current | 23x | $11.11 | — |
| Forward | 24x | $11.11 | — |
Historical ranges are pointers, not guarantees.
SFL's PE is 23x, 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 | |
| Improving | |
| Moderate | |
| Low |
CAT has the edge over SFL on the outlook, with more favorable valuation and revenue expectations.
SFL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect SFL's earnings to grow, with its revenue and profitability holding steady. However, they disagree widely on these estimates.
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 has the edge over SFL in the latest year-over-year earnings comparison.
SFL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.47 | -1.7% |
| Q2 2026 | $0.48 | +85% |
| Q4 2025 | -$0.20 | -120% |
| Q2 2025 | $0.26 | -74% |
| Q4 2024 | $1.01 | +53% |
| Q2 2024 | $1.00 | +8.7% |
| Q4 2023 | $0.66 | -57% |
| Q2 2023 | $0.92 | -45% |
| Q4 2022 | $1.53 | +18% |
SFL's earnings per share have fallen from their peak: $0.48 over the past year, against $1.88 in late 2015.
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 SFL in the latest year-over-year revenue comparison.
| 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.
SFL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $375.2M | -1.1% |
| Q4 2025 | $353.7M | -27% |
| Q2 2025 | $379.3M | -9.7% |
| Q4 2024 | $484.4M | +17% |
| Q2 2024 | $420M | +24% |
| Q4 2023 | $414.5M | +14% |
| Q2 2023 | $337.8M | +11% |
| Q4 2022 | $364.7M | +27% |
SFL's revenue has held roughly level: $375M last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 32% | -2.8 points |
| Q4 2025 | 23% | -11 points |
| Q2 2025 | 15% | -15 points |
| Q4 2024 | 33% | -5.5 points |
| Q2 2024 | 35% | -9.2 points |
| Q4 2023 | 33% | -21 points |
| Q2 2023 | 30% | -7.6 points |
| Q4 2022 | 38% | +108 points |
SFL 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 generated $11.3B in free cash flow over the past year, up 26% from the year before.
SFL Free Cash Flow
SFL and CAT do not have enough comparable growth data to identify a winner.
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 SFL 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.
SFL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.9% | +1.2M shares |
| 1 year | +6.1% | +7.8M shares |
| 3 years | +25% | +26.5M shares |
| 5 years | +11% | +12.8M shares |
| Available history | +25% | +27.3M shares |
SFL has 134M diluted shares, up 6.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q2 2025 | $10M |
| Q2 2024 | — |
| Q4 2023 | $5.3M |
| Q2 2023 | $4.8M |
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 SFL on leverage, with a lower net debt burden relative to earnings.
SFL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 5.4x | High |
| Q4 2025 | 6.5x | High |
| Q2 2025 | 5.8x | High |
| Q4 2024 | 5.0x | High |
| Q2 2024 | 4.1x | High |
| Q4 2023 | 4.4x | High |
| Q2 2023 | 4.3x | High |
| Q4 2022 | 4.3x | High |
SFL's net debt is about 5.3 years of its operating earnings (EBITDA), up from 4.1 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).
SFL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.7 | Neutral |
| Stochastic | 26.0 | Neutral |
SFL's weekly RSI is 44 (neutral) and its Stochastic is 26 (neutral).
CAT PE vs Industrials Sector
| Metric | CAT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.1% below |
| PE % | 69 | 58 | 11 pts above |
CAT is trading at 24x earnings, in line with the Industrials sector's median of 24x.
SFL PE vs Industrials Sector
| Metric | SFL | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 3.7% below |
| PE % | 86 | 58 | 28 pts above |
SFL 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.
SFL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.5 | 11% below |
| 20 week MA | $12.3 | 9.5% below |
| 50 week MA | $11.0 | 1.3% above |
| 100 week MA | $9.82 | 13% above |
| 200 week MA | $10.5 | 5.6% above |
SFL 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.
SFL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.6 | $6.18 | -58% |
| 2021 | $6.18 | $8.05 | +30% |
| 2022 | $8.05 | $9.40 | +17% |
| 2023 | $9.40 | $11.3 | +20% |
| 2024 | $11.3 | $10.1 | -11% |
| 2025 | $10.1 | $7.79 | -23% |
| 2026 YTD | $7.79 | $11.1 | +43% |
SFL has the edge over CAT on returns for 2026, with the stronger performance.