CAT
Caterpillar Inc.
CAT has lower modeled downside risk, despite its lower overall score.
TATT
TAT Technologies Ltd.
TATT has the edge over CAT overall, supported by stronger valuation.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
TATT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
TATT'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.
TATT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 21x | $38.12 | — |
| Cheap | 23x | $37.47 | -1.7% |
| Current | 24x | $38.12 | — |
| Fair | 32x | $51.80 | +36% |
| Expensive | 43x | $68.01 | +78% |
Historical ranges are pointers, not guarantees.
TATT 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 |
Analysts expect earnings and revenue growth for CAT, with profitability improving. However, they disagree widely on these estimates.
TATT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for TATT, 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 earned $25.48 per share over the past year, up 31% from the year before.
TATT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.80 | +12% |
| Q2 2026 | $1.60 | +30% |
| Q1 2026 | $1.29 | +9.3% |
| Q4 2025 | $1.37 | +32% |
| Q3 2025 | $1.34 | +79% |
| Q2 2025 | $1.23 | +68% |
| Q1 2025 | $1.18 | +84% |
| Q4 2024 | $1.04 | +100% |
| Q3 2024 | $0.75 | +42% |
TATT 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 TATT on profitability, with a higher operating margin.
TATT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $52.9M | +23% |
| Q1 2026 | $41.1M | -2.4% |
| Q4 2025 | $46.5M | +13% |
| Q3 2025 | $46.2M | +14% |
| Q2 2025 | $43.1M | +18% |
| Q1 2025 | $42.1M | +24% |
| Q4 2024 | $41M | +29% |
| Q3 2024 | $40.5M | +35% |
TATT has the edge over CAT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +0.3 points |
| Q1 2026 | 7.3% | -2.7 points |
| Q4 2025 | 11% | +0.6 points |
| Q3 2025 | 11% | +2.9 points |
| Q2 2025 | 10% | +2.8 points |
| Q1 2025 | 9.9% | +3.4 points |
| Q4 2024 | 10% | +4.3 points |
| Q3 2024 | 8.5% | +2.6 points |
TATT's operating margin was 11% last quarter, about level with 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.
TATT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.7M | -148% |
| Q1 2026 | $530K | +$8.4M |
| Q4 2025 | $3.5M | +$6M |
| Q3 2025 | $4.8M | +307% |
| Q2 2025 | $3.6M | +$8.7M |
| Q1 2025 | -$7.9M | -$3.4M |
| Q4 2024 | -$2.5M | -$1.7M |
| Q3 2024 | $1.2M | +$5.5M |
TATT has the edge over CAT on cash flow, with more consistent year-over-year improvement.
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 TATT 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.
TATT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -72.7K shares |
| 1 year | +13% | +1.5M shares |
| 3 years | +45% | +4.1M shares |
| 5 years | +48% | +4.3M shares |
| Available history | +48% | +4.3M shares |
TATT has 13M diluted shares, up 13% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $11,901 |
| Q1 2024 | — |
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.
TATT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.3x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -1.7x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 0.7x | Very low |
| Q3 2024 | 0.7x | Very low |
TATT 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).
TATT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 33.5 | Neutral |
TATT's weekly RSI is 50 (neutral) and its Stochastic is 34 (neutral).
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 TATT on valuation relative to its sector.
TATT PE vs Industrials Sector
| Metric | TATT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.1% below |
| PE % | 20 | 58 | 38 pts below |
TATT is trading at 24x 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.
TATT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.8 | 9.7% above |
| 20 week MA | $38.0 | 0.2% above |
| 50 week MA | $42.2 | 9.8% below |
| 100 week MA | $37.2 | 2.5% above |
| 200 week MA | $24.2 | 57% above |
TATT 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 TATT on returns for 2026, with the stronger performance.
TATT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.05 | $4.39 | -13% |
| 2021 | $4.39 | $6.35 | +45% |
| 2022 | $6.35 | $5.37 | -15% |
| 2023 | $5.37 | $10.2 | +89% |
| 2024 | $10.2 | $26.0 | +156% |
| 2025 | $26.0 | $45.5 | +75% |
| 2026 YTD | $45.5 | $38.1 | -16% |
TATT has finished higher in four of the last six years, three of them by more than 50%. It's down 16% so far in 2026.