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Caterpillar Valuation Multiples
Discover revenue and EBITDA valuation multiples for Caterpillar and similar public comparables like Applied Materials, Siemens, Schneider Electric, ABB and more.
Caterpillar Overview
About Caterpillar
Caterpillar is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its reporting segments are construction, resource, energy, and transportation. Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has a global reach that is approximately evenly balanced between the US and the rest of the world. Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of over 150 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
Founded
1925
HQ
Employees
118.0K
Website
Sectors
Financials (LTM)
EV
$403B
Caterpillar Financials
Caterpillar reported last 12-month revenue of $69B and EBITDA of $14B.
In the same LTM period, Caterpillar generated $24B in gross profit, $14B in EBITDA, and $9B in net income.
Revenue (LTM)
Caterpillar P&L
In the most recent fiscal year, Caterpillar reported revenue of $68B and EBITDA of $14B.
Caterpillar expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $69B | XXX | $68B | XXX | XXX | XXX |
| Gross Profit | $24B | XXX | $21B | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $14B | XXX | $14B | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $9B | XXX | $9B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $33B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Caterpillar Stock Performance
Caterpillar has current market cap of $370B, and enterprise value of $403B.
Market Cap Evolution
Caterpillar's stock price is $794.65.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $403B | $370B | 0.0% | XXX | XXX | XXX | $19.09 |
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Start Free TrialCaterpillar Valuation Multiples
Caterpillar trades at 5.8x EV/Revenue multiple, and 28.5x EV/EBITDA.
EV / Revenue (LTM)
Caterpillar Financial Valuation Multiples
As of April 19, 2026, Caterpillar has market cap of $370B and EV of $403B.
Equity research analysts estimate Caterpillar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Caterpillar has a P/E ratio of 39.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $370B | XXX | $370B | XXX | XXX | XXX |
| EV (current) | $403B | XXX | $403B | XXX | XXX | XXX |
| EV/Revenue | 5.8x | XXX | 6.0x | XXX | XXX | XXX |
| EV/EBITDA | 28.5x | XXX | 28.2x | XXX | XXX | XXX |
| EV/EBIT | 33.5x | XXX | 35.1x | XXX | XXX | XXX |
| EV/Gross Profit | 16.8x | XXX | 18.8x | XXX | XXX | XXX |
| P/E | 39.4x | XXX | 41.6x | XXX | XXX | XXX |
| EV/FCF | 46.3x | XXX | 45.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Caterpillar Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Caterpillar Margins & Growth Rates
Caterpillar's revenue in the last 12 month grew by 9%.
Caterpillar's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Caterpillar's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Caterpillar's rule of X is 45% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Caterpillar Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 45% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Caterpillar Public Comps
See public comps and valuation multiples for other Machinery and Industrial Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Caterpillar | XXX | XXX | XXX | XXX | XXX | XXX |
| Applied Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| Siemens | XXX | XXX | XXX | XXX | XXX | XXX |
| Schneider Electric | XXX | XXX | XXX | XXX | XXX | XXX |
| ABB | XXX | XXX | XXX | XXX | XXX | XXX |
| Siemens Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Caterpillar M&A Activity
Caterpillar acquired XXX companies to date.
Last acquisition by Caterpillar was on XXXXXXXX, XXXXX. Caterpillar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Caterpillar
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCaterpillar Investment Activity
Caterpillar invested in XXX companies to date.
Caterpillar made its latest investment on XXXXXXXX, XXXXX. Caterpillar invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Caterpillar
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Caterpillar
| When was Caterpillar founded? | Caterpillar was founded in 1925. |
| Where is Caterpillar headquartered? | Caterpillar is headquartered in United States. |
| How many employees does Caterpillar have? | As of today, Caterpillar has over 118K employees. |
| Who is the CEO of Caterpillar? | Caterpillar's CEO is Joseph E. Creed. |
| Is Caterpillar publicly listed? | Yes, Caterpillar is a public company listed on NYSE. |
| What is the stock symbol of Caterpillar? | Caterpillar trades under CAT ticker. |
| When did Caterpillar go public? | Caterpillar went public in 1929. |
| Who are competitors of Caterpillar? | Caterpillar main competitors are Applied Materials, Siemens, Schneider Electric, ABB. |
| What is the current market cap of Caterpillar? | Caterpillar's current market cap is $370B. |
| What is the current revenue of Caterpillar? | Caterpillar's last 12 months revenue is $69B. |
| What is the current revenue growth of Caterpillar? | Caterpillar revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Caterpillar? | Current revenue multiple of Caterpillar is 5.8x. |
| Is Caterpillar profitable? | Yes, Caterpillar is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Caterpillar? | Caterpillar's last 12 months EBITDA is $14B. |
| What is Caterpillar's EBITDA margin? | Caterpillar's last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Caterpillar? | Current EBITDA multiple of Caterpillar is 28.5x. |
| What is the current FCF of Caterpillar? | Caterpillar's last 12 months FCF is $9B. |
| What is Caterpillar's FCF margin? | Caterpillar's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Caterpillar? | Current FCF multiple of Caterpillar is 46.3x. |
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