CAT
Caterpillar Inc.
CAT has slightly lower modeled downside risk, despite its lower overall score.
SXI
Standex International Corporation
SXI has the edge over CAT overall, supported by stronger valuation and stronger fundamentals.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
SXI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Healthy |
SXI'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 has the edge over SXI in the historical PE scenario, which offers more potential upside but is not a forecast.
SXI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $140 | -42% |
| Forward | 22x | $243 | — |
| Current | 26x | $243 | — |
| Fair | 29x | $273 | +12% |
| Expensive | 48x | $448 | +84% |
Historical ranges are pointers, not guarantees.
SXI's PE is in its fair range at 26x. If earnings grow as analysts expect, today's price would be 22x next year's earnings.
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.
SXI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for SXI, with profitability improving.
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 SXI on earnings, with stronger typical year-over-year growth.
SXI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.90 | +16% |
| Q3 2026 | $9.40 | +116% |
| Q2 2026 | $8.67 | +87% |
| Q1 2026 | $8.20 | +62% |
| Q4 2025 | $4.46 | -2.4% |
| Q3 2025 | $4.36 | -28% |
| Q2 2025 | $4.64 | -24% |
| Q1 2025 | $5.05 | -17% |
| Q4 2024 | $4.57 | -60% |
SXI earned $9.40 per share over the past year, up 116% from the year before.
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 SXI on profitability, with a higher operating margin.
SXI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $232.6M | +7% |
| Q2 2026 | $228.3M | +2.8% |
| Q1 2026 | $224.6M | +8.1% |
| Q4 2025 | $221.3M | +17% |
| Q3 2025 | $217.4M | +28% |
| Q2 2025 | $222M | +23% |
| Q1 2025 | $207.8M | +17% |
| Q4 2024 | $189.8M | +6.4% |
SXI's revenue has grown year over year for eight quarters in a row: $233M last quarter, up 7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +3.7 points |
| Q2 2026 | 16% | +0.8 points |
| Q1 2026 | 40% | +28 points |
| Q4 2025 | 16% | +12 points |
| Q3 2025 | 14% | -0.5 points |
| Q2 2025 | 16% | +0.6 points |
| Q1 2025 | 13% | +0.3 points |
| Q4 2024 | 4.5% | -10 points |
SXI's operating margin was 17% last quarter, up 3.7 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.
SXI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9M | -13% |
| Q2 2026 | $34.9M | +41% |
| Q1 2026 | $6.2M | +78% |
| Q4 2025 | $12.9M | +516% |
| Q3 2025 | $10.4M | -4.1% |
| Q2 2025 | $24.8M | +13% |
| Q1 2025 | $3.5M | -82% |
| Q4 2024 | $2.1M | -89% |
SXI has the edge over CAT on cash flow, with stronger typical year-over-year growth.
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 SXI 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.
SXI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +76K shares |
| 1 year | +0.8% | +99K shares |
| 3 years | +1.8% | +213K shares |
| 5 years | 0% | -3K shares |
| Available history | -2.5% | -309K shares |
SXI has 12M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.3M |
| Q2 2026 | $602,000 |
| Q1 2026 | $2,000 |
| Q4 2025 | $56,000 |
| Q3 2025 | $3.7M |
| Q2 2025 | $324,000 |
| Q1 2025 | — |
| Q4 2024 | $5.2M |
SXI spent $5M 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 the edge over SXI on leverage, with a lower net debt burden relative to earnings.
SXI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 4.0x | Elevated |
| Q4 2024 | 3.7x | Elevated |
SXI's net debt is about 1.6 years of its operating earnings (EBITDA), down from 3.3 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).
SXI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 8.6 | Oversold |
SXI's weekly RSI is 42 (neutral) and its Stochastic is 9 (oversold).
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 SXI on valuation relative to its sector.
SXI PE vs Industrials Sector
| Metric | SXI | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 7.4% above |
| PE % | 41 | 58 | 17 pts below |
SXI is trading at 26x earnings, in line with the Industrials sector's median of 24x.
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.
SXI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $259.3 | 6.3% below |
| 20 week MA | $285.3 | 15% below |
| 50 week MA | $269.8 | 9.9% below |
| 100 week MA | $227.4 | 6.9% above |
| 200 week MA | $191.2 | 27% above |
SXI has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 27% above 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 finished every year since 2020 higher, and it's up 3.8% so far in 2026.
SXI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $79.6 | $76.0 | -4.5% |
| 2021 | $76.0 | $107.3 | +41% |
| 2022 | $107.3 | $102.7 | -4.3% |
| 2023 | $102.7 | $158.4 | +54% |
| 2024 | $158.4 | $189.2 | +19% |
| 2025 | $189.2 | $229.4 | +21% |
| 2026 YTD | $229.4 | $243.1 | +5.9% |
SXI has the edge over CAT on returns for 2026, with the stronger performance.