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.
UP
Wheels Up Experience Inc.
There isn't enough reported data to score UP yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
UP Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Weak | |
| Unavailable |
UP'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.
UP PE Valuation
UP 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.
UP Forward outlook
There aren't enough analyst estimates for UP 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 UP on earnings quality, reporting a profit while its opponent remains loss making.
UP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$8.54 | +$1.66 |
| Q2 2026 | -$8.46 | +$0.94 |
| Q1 2026 | -$7.89 | +$1.91 |
| Q4 2025 | -$8.40 | +$1.40 |
UP is still losing money, but less than at its worst: $8.54 per share over the past year, against $10.20 at its worst in late 2025.
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 UP 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 UP on profitability, with a higher operating margin.
UP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $164.8M | -11% |
| Q2 2026 | $182M | -4% |
| Q1 2026 | $168.9M | -4.8% |
| Q4 2025 | $183.8M | -10% |
| Q3 2025 | $185.5M | -4.3% |
| Q2 2025 | $189.6M | -3.4% |
| Q1 2025 | $177.5M | -9.9% |
| Q4 2024 | $204.8M | -17% |
UP's revenue has slid since its 2021 peak: $165M last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -31% | +2.5 points |
| Q2 2026 | -41% | -9.4 points |
| Q1 2026 | -34% | +12 points |
| Q4 2025 | -0.9% | +26 points |
| Q3 2025 | -33% | -11 points |
| Q2 2025 | -31% | +8.9 points |
| Q1 2025 | -45% | -3.6 points |
| Q4 2024 | -27% | -0.5 points |
UP's operating margin was −31% last quarter, up 2.5 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 edge over UP on cash generation, producing positive trailing cash flow while its opponent burns cash.
UP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$71.1M | -$10.7M |
| Q2 2026 | -$144.5M | -$65.8M |
| Q1 2026 | -$162M | -$99.4M |
| Q4 2025 | -$58.3M | +$11.9M |
| Q3 2025 | -$60.4M | -$40.3M |
| Q2 2025 | -$78.6M | -$46M |
| Q1 2025 | -$62.6M | +$15.2M |
| Q4 2024 | -$70.2M | -$58.5M |
UP has burned cash in most quarters: −$436M over the past year, against −$272M 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 UP 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.
UP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +7.2K shares |
| 1 year | +2.7% | +933K shares |
UP has 36M diluted shares, up 2.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $37,000 |
| Q2 2026 | $46,000 |
| Q1 2026 | $201,000 |
| Q4 2025 | $543,000 |
| Q3 2025 | $895,000 |
| Q2 2025 | $86,000 |
| Q1 2025 | $109,000 |
| Q4 2024 | $1,000 |
UP spent $827,000 buying back its own shares over the past year, down 24% 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 more cash than debt.
UP Net Leverage
UP'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).
UP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.7 | Oversold |
| Stochastic | 8.4 | Oversold |
UP's weekly RSI is 30 (oversold) and its Stochastic is 8 (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.
UP PE vs Industrials Sector
UP 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 UP on trend strength, trading above more of its moving averages.
UP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.28 | 25% below |
| 20 week MA | $4.65 | 47% below |
| 50 week MA | $8.28 | 70% below |
| 100 week MA | $18.9 | 87% below |
| 200 week MA | $43.6 | 94% below |
UP is in a downtrend: it's below all five of its weekly moving averages, and 94% 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 UP on returns for 2026, with the stronger performance.
UP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1,930.0 | $2,004.0 | +3.8% |
| 2021 | $2,004.0 | $922.0 | -54% |
| 2022 | $922.0 | $200.0 | -78% |
| 2023 | $200.0 | $68.6 | -66% |
| 2024 | $68.6 | $34.4 | -50% |
| 2025 | $34.4 | $13.4 | -61% |
| 2026 YTD | $13.4 | $2.46 | -82% |
UP has finished five years in a row lower, and it's down 82% so far in 2026.