CAT·Construction & Farm Machinery / Heavy Trucks (Power-Gen & Engines sub-vertical)

Caterpillar

ConvictionModerate

Cyclical capital-equipment OEM: sells machines, engines, gen-sets and turbines plus a high-margin recurring aftermarket (parts + service); a captive finance arm (Cat Financial) funds dealer/customer purchases. Distribution runs through ~150 independent dealers, not direct.

Revenuefact

$67.6B FY2025$17.4B Q1 FY26 (fact, +22% YoY

Rev growthfact

+4% FY2025+22% YoY Q1 FY26 — re-acceleration led by Power & Energy

Gross margin

~28-30% gross margin rangeestimate; CAT does not break out a clean gross line — derived from segment cost disclosures

Op marginfact

16.5% FY2025 GAAP / 17.2% adjusted17.7% GAAP / 18.0% adjusted Q1 FY26 (fact) — tariffs (~$2.4B FY26 headwind cited) pressuring the GAAP line

Capex intensityfact

~5-7% of revenueestimate); rising as CAT funds ~3x large-engine capacity build-out, bulk spend 2027-2029

Market cap

~$453Bfact, June 2026); stock closed a record ~$1,022 on 22-Jun-2026, +~78% YTD

Price · 1-year trend

real · weekly

$1057+175% 1yUSD

52-week range

$385 – $1057

52w lowas of 2026-06-25 · Yahoo Finance52w high

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The thesis on this name

opportunityModerate

AI datacenter power & cooling

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Full financial intelligence for Caterpillar

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence