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.
SLDP
Solid Power, Inc.
There isn't enough reported data to score SLDP yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
SLDP Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| Weak | |
| Unavailable |
SLDP's revenue, profitability and cash flow are currently under pressure. There isn't enough data to rate its 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'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.
SLDP PE Valuation
SLDP has no meaningful PE right now: it lost money over the past year.
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.
SLDP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| -- | |
| Limited | |
| Low |
Analysts expect SLDP's losses to shrink, with revenue declining. 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 has the edge over SLDP on earnings quality, reporting a profit while its opponent remains loss making.
SLDP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.43 | +$0.09 |
| Q2 2026 | -$0.46 | +$0.05 |
| Q1 2026 | -$0.49 | +$0.01 |
| Q4 2025 | -$0.51 | +$0.03 |
| Q3 2025 | -$0.52 | -$0.03 |
| Q2 2025 | -$0.51 | -$0.07 |
| Q1 2025 | -$0.50 | -$0.12 |
| Q4 2024 | -$0.54 | -$0.17 |
SLDP is still losing money, but less than at its worst: $0.43 per share over the past year, against $0.54 at its worst in late 2024.
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 SLDP 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 has the edge over SLDP on profitability, with a higher operating margin.
SLDP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2M | -73% |
| Q1 2026 | $3.1M | -49% |
| Q4 2025 | $3.6M | -19% |
| Q3 2025 | $4.6M | -2% |
| Q2 2025 | $7.5M | +49% |
| Q1 2025 | $6M | +1.1% |
| Q4 2024 | $4.5M | +90% |
| Q3 2024 | $4.7M | -27% |
SLDP's revenue has slid since its 2025 peak: $1M last quarter, down 73% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2438% | -1902 points |
| Q1 2026 | -857% | -458 points |
| Q4 2025 | -730% | -169 points |
| Q3 2025 | -536% | +58 points |
| Q2 2025 | -343% | +188 points |
| Q1 2025 | -399% | +34 points |
| Q4 2024 | -561% | +531 points |
| Q3 2024 | -593% | -256 points |
SLDP's operating margin was −2438% last quarter, down 2095 points from the same quarter a year ago, near the bottom of its range since 2020.
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 SLDP on cash generation, producing positive trailing cash flow while its opponent burns cash.
SLDP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$21.5M | -$6.6M |
| Q2 2026 | -$14.7M | +$2.5M |
| Q1 2026 | -$20.4M | +$8.2M |
| Q4 2025 | -$23M | -$4.4M |
| Q3 2025 | -$14.8M | -$2.2M |
| Q2 2025 | -$17.1M | -$1.6M |
| Q1 2025 | -$28.6M | +$4.5M |
| Q4 2024 | -$18.6M | -$7M |
SLDP has burned cash in almost every quarter: −$80M over the past year, against −$79M 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 SLDP 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.
SLDP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +2.2M shares |
| 1 year | +25% | +45.8M shares |
| 3 years | +28% | +49.8M shares |
| 5 years | +552% | +193M shares |
SLDP has 228M diluted shares, up 25% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.4M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $3.6M |
| Q4 2024 | $798,000 |
| Q3 2024 | — |
| Q2 2024 | $3.4M |
| Q1 2024 | $4.9M |
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.
SLDP Net Leverage
SLDP's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
SLDP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.1 | Neutral |
| Stochastic | 7.9 | Oversold |
SLDP's weekly RSI is 32 (neutral) and its Stochastic is 8 (oversold).
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.
SLDP PE vs Industrials Sector
| Metric | SLDP | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
SLDP has no meaningful PE right now: it lost money over the past year.
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 SLDP on trend strength, trading above more of its moving averages.
SLDP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.11 | 12% below |
| 20 week MA | $2.26 | 18% below |
| 50 week MA | $3.13 | 41% below |
| 100 week MA | $2.99 | 38% below |
| 200 week MA | $2.45 | 24% below |
SLDP is in a downtrend: it's below all five of its weekly moving averages, and 24% 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 SLDP on returns for 2026, with the stronger performance.
SLDP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $9.74 | $10.7 | +9.4% |
| 2022 | $10.7 | $2.50 | -77% |
| 2023 | $2.50 | $1.45 | -42% |
| 2024 | $1.45 | $2.13 | +47% |
| 2025 | $2.13 | $4.49 | +111% |
| 2026 YTD | $4.49 | $1.86 | -59% |
SLDP's yearly returns have swung widely, from +111% in 2025 to −77% in 2022. It's down 59% so far in 2026.