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.
USEA
United Maritime Corporation
There isn't enough reported data to score USEA yet.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
USEA Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| Unavailable | |
| Weak |
USEA's profitability and balance sheet are currently under pressure. There isn't enough data to rate its revenue and cash flow.
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.
USEA PE Valuation
USEA 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 |
CAT has the edge over USEA on the outlook, with more favorable earnings and revenue expectations.
USEA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect USEA's earnings and profitability to decline, with its revenue holding steady.
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 USEA in the latest year-over-year earnings comparison.
USEA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.21 | +$0.50 |
| Q4 2025 | -$0.71 | -$0.32 |
| Q2 2025 | -$0.71 | -176% |
| Q4 2024 | -$0.39 | -2050% |
| Q4 2023 | $0.02 | -100% |
USEA has swung to a loss: it lost $0.21 per share over the past year, after a profit 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 has the edge over USEA in the latest year-over-year revenue comparison.
| 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 USEA on profitability, with a higher operating margin.
USEA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $17.9M | -11% |
| Q4 2025 | $6.6M | -71% |
| Q2 2025 | $20.2M | -12% |
| Q4 2024 | $22.4M | -3.6% |
| Q2 2024 | $23M | +80% |
| Q4 2023 | $23.2M | +2% |
USEA's revenue has slid since its 2023 peak: $18M last quarter, down 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 20% | +13 points |
| Q4 2025 | -42% | -57 points |
| Q3 2025 | 27% | -26 points |
| Q2 2025 | -2.9% | +37 points |
| Q4 2024 | 7% | -171 points |
| Q2 2024 | 14% | N/A |
| Q4 2023 | 53% | N/A |
| Q2 2023 | -40% | N/A |
USEA's operating margin was 20% last quarter, up 13 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.
USEA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$9.4M | -$9.2M |
| Q4 2025 | $2.2M | +$3.8M |
| Q2 2025 | -$231K | -105% |
| Q4 2024 | -$1.6M | +$22.3M |
| Q2 2024 | $4.6M | +$68.7M |
| Q4 2023 | -$23.9M | +$49.1M |
USEA has burned cash in most quarters: −$8M over the past year, against −$85M 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 USEA 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.
USEA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.2% | +642K shares |
| 1 year | +9.1% | +797K shares |
USEA has 10M diluted shares, up 9.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $17,000 |
| Q4 2025 | $97,000 |
| Q3 2025 | $107,000 |
| Q2 2025 | — |
| Q4 2024 | $426,000 |
| Q2 2024 | $43,000 |
| Q4 2023 | $480,000 |
| Q2 2023 | $193,000 |
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 USEA on leverage, with a lower net debt burden relative to earnings.
USEA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 5.4x | High |
| Q4 2025 | 4.6x | High |
| Q2 2025 | 6.1x | High |
| Q4 2024 | 5.0x | High |
| Q2 2024 | 2.1x | Moderate |
| Q4 2023 | 3.1x | Elevated |
| Q4 2022 | -0.3x | Net Cash |
USEA's net debt is about 5.4 years of its operating earnings (EBITDA), up from 2.1 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).
USEA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.2 | Neutral |
| Stochastic | 36.3 | Neutral |
USEA's weekly RSI is 62 (neutral) and its Stochastic is 36 (neutral).
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.
USEA PE vs Industrials Sector
| Metric | USEA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
USEA 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 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.
USEA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.61 | 16% above |
| 20 week MA | $2.70 | 12% above |
| 50 week MA | $2.34 | 29% above |
| 100 week MA | $1.96 | 54% above |
| 200 week MA | $2.28 | 32% above |
USEA 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.
USEA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $7.50 | $4.62 | -38% |
| 2023 | $4.62 | $2.47 | -47% |
| 2024 | $2.47 | $1.63 | -34% |
| 2025 | $1.63 | $2.17 | +33% |
| 2026 YTD | $2.17 | $3.02 | +39% |
USEA has the edge over CAT on returns for 2026, with the stronger performance.