CAT
Caterpillar Inc.
CAT has the edge over SNA overall, supported by stronger modeled upside and stronger fundamentals.
SNA
Snap-on Incorporated
SNA trails on the overall score without a compensating advantage in the available component scores.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
SNA'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.
SNA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $265 | -28% |
| Fair | 15x | $291 | -21% |
| Forward | 18x | $368 | — |
| Expensive | 19x | $356 | -3.3% |
| Current | 19x | $368 | — |
Historical ranges are pointers, not guarantees.
SNA 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 SNA on the outlook, with more favorable valuation and earnings expectations.
SNA Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect SNA's earnings, revenue and profitability to hold roughly steady.
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.
SNA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.92 | +3.6% |
| Q3 2026 | $19.23 | +0.8% |
| Q2 2026 | $19.61 | +4.5% |
| Q1 2026 | $19.37 | +1.4% |
| Q4 2025 | $19.19 | -1.6% |
| Q3 2025 | $19.08 | -1.9% |
| Q2 2025 | $18.76 | -2.5% |
| Q1 2025 | $19.11 | +0.2% |
| Q4 2024 | $19.51 | +4% |
SNA 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's operating margin was 20% last quarter, up 3.1 points from the same quarter a year ago.
SNA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | -0.7% |
| Q2 2026 | $1.3B | +4.2% |
| Q1 2026 | $1.3B | +5.2% |
| Q4 2025 | $1.3B | +3.1% |
| Q3 2025 | $1.3B | +3.6% |
| Q2 2025 | $1.3B | +0.1% |
| Q1 2025 | $1.2B | -3% |
| Q4 2024 | $1.3B | +0.4% |
SNA's revenue grew through 2023 and has held roughly level since: $1.3B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | -2.2 points |
| Q2 2026 | 25% | -0.4 points |
| Q1 2026 | 24% | -0.8 points |
| Q4 2025 | 25% | -0.8 points |
| Q3 2025 | 27% | +0.3 points |
| Q2 2025 | 26% | -1.8 points |
| Q1 2025 | 25% | -1.3 points |
| Q4 2024 | 26% | +0.9 points |
SNA 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 has the edge over SNA on cash flow, with more consistent year-over-year improvement.
SNA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $223M | -14% |
| Q2 2026 | $248.4M | +14% |
| Q1 2026 | $347.5M | +26% |
| Q4 2025 | $254.6M | -7.6% |
| Q3 2025 | $258M | +1.7% |
| Q2 2025 | $217.5M | -22% |
| Q1 2025 | $275.6M | -16% |
| Q4 2024 | $275.4M | -0.1% |
SNA's free cash flow has been positive every quarter for seven years: $1.1B over the past year, up 4.6% 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 SNA 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.
SNA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -120K shares |
| 1 year | -0.9% | -482K shares |
| 3 years | -2.8% | -1.5M shares |
| 5 years | -4.6% | -2.5M shares |
| Available history | -6.3% | -3.5M shares |
SNA has 52M diluted shares, down 0.9% from a year ago, with $359M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $87.1M |
| Q2 2026 | $91.4M |
| Q1 2026 | $99.9M |
| Q4 2025 | $80.4M |
| Q3 2025 | $82M |
| Q2 2025 | $79M |
| Q1 2025 | $87.2M |
| Q4 2024 | $112.5M |
SNA spent $359M buying back its own shares over the past year, about the same as 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.
SNA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.6x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
SNA 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).
SNA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.4 | Neutral |
| Stochastic | 37.6 | Neutral |
SNA's weekly RSI is 45 (neutral) and its Stochastic is 38 (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.
SNA PE vs Industrials Sector
| Metric | SNA | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 21% below |
| PE % | 89 | 58 | 31 pts above |
SNA 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.
SNA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $364.2 | 1% above |
| 20 week MA | $384.4 | 4.3% below |
| 50 week MA | $375.7 | 2.1% below |
| 100 week MA | $353.1 | 4.2% above |
| 200 week MA | $315.0 | 17% above |
SNA 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.
SNA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $169.2 | $169.8 | +0.3% |
| 2021 | $169.8 | $209.9 | +24% |
| 2022 | $209.9 | $227.7 | +8.5% |
| 2023 | $227.7 | $288.8 | +27% |
| 2024 | $288.8 | $343.6 | +19% |
| 2025 | $343.6 | $354.0 | +3% |
| 2026 YTD | $354.0 | $367.9 | +3.9% |
SNA has the edge over CAT on returns for 2026, with the stronger performance.