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.
TOPP
Toppoint Holdings Inc.
There isn't enough reported data to score TOPP yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
TOPP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Strong |
TOPP's revenue and balance sheet are currently healthy, but its profitability and cash flow are weak.
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.
TOPP PE Valuation
TOPP has no meaningful PE right now: it lost money over the past year.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for CAT, with profitability improving. However, they disagree widely on these estimates.
TOPP Forward outlook
There aren't enough analyst estimates for TOPP to show an outlook.
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 TOPP on earnings quality, reporting a profit while its opponent remains loss making.
TOPP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.33 | -$0.21 |
| Q1 2026 | -$0.41 | -$0.38 |
| Q4 2025 | -$0.41 | -4200% |
| Q3 2025 | -$0.35 | -1850% |
| Q2 2025 | -$0.12 | -500% |
| Q1 2025 | -$0.03 | -250% |
| Q4 2024 | $0.01 | -75% |
TOPP lost $0.33 per share over the past year, a bigger loss than 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 TOPP on profitability, with a higher operating margin.
TOPP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.6M | +17% |
| Q1 2026 | $4.1M | +7.7% |
| Q4 2025 | $4.3M | +10% |
| Q3 2025 | $4.5M | +20% |
| Q2 2025 | $4M | -16% |
| Q1 2025 | $3.8M | +2.1% |
| Q4 2024 | $3.9M | +4.5% |
| Q3 2024 | $3.7M | -17% |
TOPP's revenue is recovering but still below its 2023 peak: $5M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -7.3% | +33 points |
| Q1 2026 | -17% | -6.7 points |
| Q4 2025 | -27% | -12 points |
| Q3 2025 | -94% | -82 points |
| Q2 2025 | -40% | -44 points |
| Q1 2025 | -11% | -15 points |
| Q4 2024 | -15% | -19 points |
| Q3 2024 | -12% | -21 points |
TOPP's operating margin was −7.3% last quarter, up 33 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 has the stronger cash trend. Its trailing FCF is up 39% versus its history, compared with TOPP at down 42%.
TOPP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $460.6K | +$1.4M |
| Q3 2025 | -$445K | +$199.8K |
| Q2 2025 | -$575.5K | -$349.4K |
| Q1 2025 | -$1.6M | -10152% |
| Q4 2024 | -$950.5K | -1203% |
| Q3 2024 | -$644.8K | -373% |
| Q2 2024 | -$226.1K | +$139.5K |
| Q1 2024 | $15.7K | -99% |
TOPP has burned cash in six of the last eight quarters: −$2M over the past year, against −$2M 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 TOPP 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.
TOPP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.4% | +1.3M shares |
| 1 year | +20% | +3.5M shares |
| 3 years | +40% | +6M shares |
TOPP has 21M diluted shares, up 20% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
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.
TOPP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2025 | -16.3x | Net Cash |
| Q4 2024 | 1.8x | Healthy |
| Q3 2024 | 0.0x | Very low |
| Q2 2024 | -0.3x | Net Cash |
| Q1 2024 | -0.6x | Net Cash |
| Q4 2023 | -0.5x | Net Cash |
TOPP has more cash than debt.
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).
TOPP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.6 | Oversold |
TOPP's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
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.
TOPP PE vs Industrials Sector
TOPP 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 stronger trend alignment. CAT is above 2 of 5 weekly averages versus TOPP above 0 of 3.
TOPP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.13 | 15% below |
| 20 week MA | $0.31 | 65% below |
| 50 week MA | $0.71 | 85% below |
TOPP is in a downtrend: it's below all three of its weekly moving averages, and 85% below its 50-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 TOPP on returns for 2026, with the stronger performance.
TOPP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $3.05 | $0.89 | -71% |
| 2026 YTD | $0.89 | $0.11 | -88% |
TOPP has finished every year since 2025 lower, and it's down 88% so far in 2026.