CAT
Caterpillar Inc.
CAT has the edge over WCC overall, supported by stronger fundamentals and stronger modeled upside.
WCC
WESCO International, Inc.
WCC's outlook is improving, though it still trails on the overall score.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
WCC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Under pressure |
WCC's revenue and profitability are currently healthy, and its cash flow is stable, but its balance sheet is under pressure.
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 WCC in the historical PE scenario, which offers more potential upside but is not a forecast.
WCC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $156 | -52% |
| Fair | 14x | $228 | -30% |
| Forward | 16x | $327 | — |
| Current | 20x | $327 | — |
| Expensive | 25x | $408 | +25% |
Historical ranges are pointers, not guarantees.
WCC's PE is in its expensive range at 20x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair range.
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.
WCC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for WCC, with profitability improving.
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 earned $25.48 per share over the past year, up 31% from the year before.
WCC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.75 | +29% |
| Q3 2026 | $16.10 | +26% |
| Q2 2026 | $14.46 | +13% |
| Q1 2026 | $14.06 | +6.5% |
| Q4 2025 | $13.05 | 0% |
| Q3 2025 | $12.73 | +1.9% |
| Q2 2025 | $12.75 | -1% |
| Q1 2025 | $13.20 | +9.9% |
| Q4 2024 | $13.05 | -3.6% |
WCC 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 WCC on profitability, with a higher operating margin.
WCC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.2B | +17% |
| Q2 2026 | $6.7B | +13% |
| Q1 2026 | $6.1B | +14% |
| Q4 2025 | $6.1B | +10% |
| Q3 2025 | $6.2B | +13% |
| Q2 2025 | $5.9B | +7.7% |
| Q1 2025 | $5.3B | -0.1% |
| Q4 2024 | $5.5B | +0.5% |
WCC's revenue has grown year over year for six quarters in a row: $7.2B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.2% | +0.7 points |
| Q2 2026 | 5.7% | +0.3 points |
| Q1 2026 | 4.8% | +0.3 points |
| Q4 2025 | 5.3% | -0.1 points |
| Q3 2025 | 5.6% | -0.5 points |
| Q2 2025 | 5.5% | -0.4 points |
| Q1 2025 | 4.5% | -0.4 points |
| Q4 2024 | 5.5% | -0.3 points |
WCC's operating margin was 6.2% last quarter, up 0.7 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.
WCC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $164.8M | +$260.7M |
| Q2 2026 | $25.5M | -70% |
| Q1 2026 | $198M | +2505% |
| Q4 2025 | $27.5M | -89% |
| Q3 2025 | -$95.9M | -135% |
| Q2 2025 | $86M | +$330.6M |
| Q1 2025 | $7.6M | -99% |
| Q4 2024 | $252.3M | +521% |
WCC still generates free cash flow, though less than at its 2024 peak: $416M over the past year.
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 WCC 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.
WCC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -100K shares |
| 1 year | -0.4% | -200K shares |
| 3 years | -5.6% | -2.9M shares |
| 5 years | -5.3% | -2.8M shares |
| Available history | +13% | +5.8M shares |
WCC has 49M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $35.1M |
| Q2 2026 | $14.9M |
| Q1 2026 | $25M |
| Q4 2025 | — |
| Q3 2025 | $25M |
| Q2 2025 | $25M |
| Q1 2025 | $25M |
| Q4 2024 | $50M |
WCC spent $75M buying back its own shares over the past year, down 40% 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 WCC on leverage, with a lower net debt burden relative to earnings.
WCC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.1x | Elevated |
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 3.6x | Elevated |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 3.1x | Elevated |
WCC's net debt is about 3.1 years of its operating earnings (EBITDA), down from 3.7 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).
WCC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.5 | Neutral |
| Stochastic | 30.4 | Neutral |
WCC's weekly RSI is 49 (neutral) and its Stochastic is 30 (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.
WCC PE vs Industrials Sector
| Metric | WCC | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 15% below |
| PE % | 70 | 58 | 12 pts above |
WCC has the edge over CAT on valuation relative to its sector.
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.
WCC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $342.1 | 4.3% below |
| 20 week MA | $342.3 | 4.4% below |
| 50 week MA | $318.6 | 2.7% above |
| 100 week MA | $256.3 | 28% above |
| 200 week MA | $209.3 | 56% above |
WCC 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.
WCC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.3 | $76.7 | +29% |
| 2021 | $76.7 | $127.2 | +66% |
| 2022 | $127.2 | $123.2 | -3.1% |
| 2023 | $123.2 | $173.9 | +41% |
| 2024 | $173.9 | $178.6 | +2.7% |
| 2025 | $178.6 | $254.0 | +42% |
| 2026 YTD | $254.0 | $327.2 | +29% |
WCC has the edge over CAT on returns for 2026, with the stronger performance.