Risk Intelligence
Core Model
B−
73 / 100
Fundamentally Qualified
How strong and defensively sound is the company?
Above average on this measure.
Suggestions
CAT · NYSE
CATERPILLAR INC
Private betaIndustrials · Machinery
$818.57
+1.69%
Close on Sep 11, 2026
Defensively Qualified
Updated 6/30/2026
Long-term research evidence only. No price targets, no trading signals, no recommendations.
Investment Report Card
CATERPILLAR INC
Industrials · Machinery · Data confidence good
69 / 100
Rank #99 of 1,152 qualified companies
Top 15% · Watch
Long-Term Potential
Research Model
C+
66 / 100
Ordinary Compounder
Does the business have the characteristics needed to create value over many years?
Around the middle of the covered universe.
Fundamental Momentum
Research Model
C−
60 / 100
Middle
Is the underlying business getting stronger or weaker?
Around the middle of the covered universe.
Ownership Intelligence
Supplemental Intelligence
B
76 / 100
Positive disclosed activity
What are important owners actually doing?
Above average on this measure.
Valuation Intelligence
Research Model
F
32 / 100
Expensive
Is today's price reasonable?
Weaker than most covered companies on this measure — and valuation is researched separately from the Suggested Investment Score.
Capital Returns Intelligence
Research Model
C+
69 / 100
Favorable Capital Returns
How effectively does the company reward shareholders?
Around the middle of the covered universe — and capital returns are researched separately from the Suggested Investment Score.
Why it stands out
- Business Quality meets the frozen IA Defensive qualification.
- More disclosed holders are new or increasing than reducing or exiting.
What holds it back
- Price Risk is currently in the higher-risk category.
- Elevated valuation: the current market price reflects a premium to this company's historical valuation and comparable companies (Valuation Intelligence 32 out of 100, Expensive).
Long-term view
CATERPILLAR INC scores 66 on Long-Term Potential (C+), described by the research model as ordinary compounder. This describes business characteristics only — it is not a forecast of future returns.
Ownership view
Disclosed ownership evidence reads 76 (B): Positive disclosed activity. 16 tracked managers disclosed a position in the latest reporting period. Ownership filings are historical disclosures, not signals.
Valuation view
CATERPILLAR INC reads 32 out of 100 on Valuation Intelligence, recorded as Expensive. The stock currently trades above most of its own recent valuation history and above comparable companies. This describes the price being paid relative to the company's financials — it is not a forecast and not a fair value. Valuation Intelligence is a research model and contributes nothing to the Suggested Investment Score or the daily ranking.
Capital returns view
CATERPILLAR INC reads 69 out of 100 on Capital Returns Intelligence (Favorable Capital Returns), reflecting a dividend that has grown about 7.1% a year and a share count falling about 3.5% a year. Capital Returns Intelligence is a research model and contributes nothing to the Suggested Investment Score or the daily ranking.
What changed
No meaningful recorded changes in the stored history.
Risk Intelligence is a core model, Long-Term Potential, Fundamental Momentum, Valuation Intelligence and Capital Returns Intelligence are research models, and Ownership Intelligence is supplemental descriptive evidence. Valuation Intelligence and Capital Returns Intelligence each contribute 0% to the Suggested Investment Score. Nothing here is a recommendation.
Compare CAT with other companiesAppears in
Rule-based membership
Membership means the company satisfied a published rule on the latest research build. It is not a recommendation.
About a minute to read
The 60-Second Investment Brief
Written from stored research readings only. No hype. No trading signals. Just better evidence.
Why it's interesting
CATERPILLAR INC (CAT) scores 69 out of 100 and ranks #99 of 1,152 qualified companies today. That places it in the top 15% of ranked companies. The stored tier for that score is watch.
Business strength
Risk Intelligence reads 73 out of 100 (B−), recorded as fundamentally qualified. Above average on this measure.
Long-term opportunity
Long-Term Potential reads 66 out of 100 (C+), recorded as ordinary compounder. Around the middle of the covered universe.
What's improving or weakening
Fundamental Momentum reads 60 out of 100 (C−), recorded as middle. Around the middle of the covered universe.
What important owners are doing
Ownership Intelligence reads 76 out of 100 (B), recorded as positive disclosed activity. Above average on this measure.
What kind of price you'd be paying
Valuation is currently the main point of caution: Valuation Intelligence reads 32 out of 100 (F), recorded as Expensive. CATERPILLAR INC reads 32 out of 100 on Valuation Intelligence, recorded as Expensive. The stock currently trades above most of its own recent valuation history and above comparable companies. This describes the price being paid relative to the company's financials — it is not a forecast and not a fair value. Valuation Intelligence is a research model and contributes nothing to the Suggested Investment Score or the daily ranking.
How the company rewards shareholders
Capital Returns Intelligence reads 69 out of 100 (C+), recorded as Favorable Capital Returns. CATERPILLAR INC reads 69 out of 100 on Capital Returns Intelligence (Favorable Capital Returns), reflecting a dividend that has grown about 7.1% a year and a share count falling about 3.5% a year. Capital Returns Intelligence is a research model and contributes nothing to the Suggested Investment Score or the daily ranking.
What could go wrong
Price Risk is currently in the higher-risk category. Elevated valuation: the current market price reflects a premium to this company's historical valuation and comparable companies (Valuation Intelligence 32 out of 100, Expensive). Data confidence for this company is good.
Bottom line
No individual layer reaches the strongest band today. Fundamental Momentum remains the main area to watch. Separately from the score, valuation reads expensive at today's price.
Composite discovery model
Suggested Investment Score
Suggested Investment Score
69 / 100
Watch
A 0–100 composite discovery score combining Risk Intelligence, Long-Term Potential, Fundamental Momentum, and Ownership Intelligence. It helps rank qualified companies for further research and does not predict future returns.
- Rank
- #99 of 694
- Percentile
- Top 25%
- Ranking updated
- September 12, 2026
62Rank weakened by 62 positions. Rank weakened by 62 positions.
- Risk Intelligence
- 73
- Long-Term Potential
- 66
- Fundamental Momentum
- 60
- Ownership Intelligence
- 76
30% contribution
30% contribution
20% contribution
20% contribution
Ownership Intelligence
76 / 100 · Positive · 20% of the Suggested Investment Score
SUPPLEMENTAL / DESCRIPTIVE INTELLIGENCE
Coverage: Good
- Elite Investor Activity
- 72 · Positive
- Institutional Activity
- 87 · Strong
- Insider Activity
- Insufficient Data
- Strategic Ownership
- Insufficient Data
50% of Ownership Intelligence · 10% of the total score
Tracked professional-manager activity is positive.
20% of Ownership Intelligence · 4% of the total score
Broad institutional evidence from resolved filings is strong.
15% of Ownership Intelligence · 3% of the total score
No discretionary insider transactions are stored for this company, so this evidence is unavailable rather than neutral.
15% of Ownership Intelligence · 3% of the total score
No qualifying major-holder filings are stored, so this evidence is unavailable rather than neutral.
Ownership Intelligence summarizes publicly disclosed activity among professional investment managers, broader institutions, company insiders, and significant strategic owners. It adds context to investment research but is not a validated predictor of future performance. Ownership information is publicly reported with a delay; the latest applicable reporting period is 2026-06-30, publicly disclosed 9/11/2026. Congressional activity is unavailable pending legal review and contributes nothing to this reading.
Why it ranks here
Strong risk profile
Risk Intelligence ranks in the top 24% of qualified companies, with normal_risk price risk.
Exceptional long-term potential
Stored profitability, capital efficiency and reinvestment readings rank near the top of the qualified universe.
What holds it back
Ownership evidence is not uniformly supportive
The combined disclosed ownership evidence ranks below the qualified median.
COMPOSITE DISCOVERY MODEL — RESEARCH STAGE · Data coverage Excellent. Rankings are recalculated daily using the latest available information. Individual components may update at different frequencies based on when new financial and ownership data becomes available.
Researched separately
Valuation Intelligence 32 · Expensive
RESEARCH MODEL
Valuation Intelligence is currently researched separately and does not affect the Suggested Investment Score or daily ranking.
Researched separately
Capital Returns Intelligence 69 · Favorable Capital Returns
RESEARCH MODEL
Capital Returns Intelligence is researched separately and contributes 0% to the Suggested Investment Score, the daily rank or any ranking event.
Score explanation
Why this company scores the way it does
Four research areas carry fixed weights. Each area is compared against every other eligible company, then weighted. The four contributions below add to 68.9 of the stored score (68.9).
Risk Intelligence
30% of the score · contributes 22.9 points
How strong and defensively sound is the company?
Stands at the 76 percentile of eligible companies · stored reading 73 · 33% of this company’s total score
How financially sturdy the company has been when conditions turned against it.
How this area is measured
Risk Intelligence reads stored balance-sheet strength, historical downside behaviour and the company's price-risk grouping. A stronger reading describes past resilience; it does not protect against future losses.
Full methodologyLong-Term Potential
30% of the score · contributes 23.7 points
Does the business have the characteristics needed to create value over many years?
Stands at the 79 percentile of eligible companies · stored reading 66 · 34% of this company’s total score
Whether the business has the durable characteristics long-term owners look for.
How this area is measured
Long-Term Potential reads durability characteristics such as profitability consistency, cash generation and reinvestment capability over multiple reported periods.
Full methodologyFundamental Momentum
20% of the score · contributes 13.3 points
Is the underlying business getting stronger or weaker?
Stands at the 67 percentile of eligible companies · stored reading 60 · 19% of this company’s total score
Whether the reported business results have been getting stronger or weaker.
How this area is measured
Fundamental Momentum compares recent reported fundamentals with the company's own earlier periods, so improvement or deterioration is measured against its history rather than against a forecast.
Full methodologyOwnership Intelligence
20% of the score · contributes 9.0 points
What are important owners actually doing?
Stands at the 45 percentile of eligible companies · stored reading 76 · 13% of this company’s total score
What large reporting owners have actually been doing with their positions.
How this area is measured
Ownership Intelligence reads public ownership filings: how many tracked reporting owners hold the company, and whether they were adding, holding, reducing or exiting in the latest disclosed period.
Full methodology
What is helping the score
- Long-Term Potential — 79 percentile, adding 23.7 points.
- Risk Intelligence — 76 percentile, adding 22.9 points.
- Fundamental Momentum — 67 percentile, adding 13.3 points.
What deserves attention
No research area currently sits in the weaker range. That is not evidence of low risk.
Outside the score
Additional research — not currently included in the primary Suggested Investment Score.
- Valuation Intelligence — CATERPILLAR INC reads 32 out of 100 on Valuation Intelligence, recorded as Expensive. The stock currently trades above most of its own recent valuation history and above comparable companies. This describes the price being paid relative to the company's financials — it is not a forecast and not a fair value.
- Capital Returns Intelligence — CATERPILLAR INC reads 69 out of 100 on Capital Returns Intelligence (Favorable Capital Returns), reflecting a dividend that has grown about 7.1% a year and a share count falling about 3.5% a year.
Stored snapshots only
What changed
Research-score history available since September 2026.
Stored research history does not yet cover a full 30 days comparison for this company.
A change is reported as meaningful at 8 score points, 5 rank places, or any change of research classification. Nothing here is a recommendation to buy or sell.
Learn the metrics on this page
Plain-English definitions, with the formula and the limitations of each measure.
Fifth research lens · outside the score
Valuation Intelligence
Valuation Intelligence
Is today's price reasonable?
Valuation Intelligence is currently researched separately and does not affect the Suggested Investment Score or daily ranking.
32/ 100
Expensive
RESEARCH MODEL
Excellent coverage
Compared with its history
9
Expensive
Is this company expensive or inexpensive compared with its own history?
Compared with peers
21
Expensive
How expensive is this stock compared with similar companies?
Earnings & cash flow
43
Elevated
How much financial output does an investor receive relative to the price paid?
Growth-adjusted
68
Attractive
Does the company's growth help justify the valuation investors are paying?
CATERPILLAR INC reads 32 out of 100 on Valuation Intelligence, recorded as Expensive. The stock currently trades above most of its own recent valuation history and above comparable companies. This describes the price being paid relative to the company's financials — it is not a forecast and not a fair value.
Price data through September 11, 2026 · Financial data through the quarter ended June 30, 2026
Valuation history
Stored readings only. The dashed line is this company's own median for the selected measure.
Only one stored valuation reading exists so far, so there is nothing to chart yet. Valuation history builds forward from activation rather than being reconstructed.
Current P/E 34.7x · own median 18.3x · peer median 26.6x
Valuation is inherently uncertain. A stock that appears inexpensive can continue falling, and a stock that appears expensive can continue rising. Valuation Intelligence provides context about the price investors are paying — it does not predict short-term market movements, and it never produces a fair value, a price target or a buy or sell range. Model VALUATION_INTELLIGENCE_V1.
Sixth research lens · outside the score
Capital Returns Intelligence
Capital Returns Intelligence
How effectively does the company reward shareholders?
Capital Returns Intelligence is researched separately and contributes 0% to the Suggested Investment Score, the daily rank or any ranking event.
69/ 100
Favorable Capital Returns
RESEARCH MODEL
Excellent coverage
Dividend Quality
87
Exceptional Capital Returns
Dividend reliability
Buyback Effectiveness
70
Favorable Capital Returns
Do buybacks actually reduce shares?
Dilution Control
81
Strong Capital Returns
Is your ownership share protected?
Capital Return Sustainability
32
Limited Capital Returns
Can the cash flow support it?
Shareholder Yield
72
Strong Capital Returns
Cash returned versus company value
CATERPILLAR INC reads 69 out of 100 on Capital Returns Intelligence (Favorable Capital Returns), reflecting a dividend that has grown about 7.1% a year and a share count falling about 3.5% a year.
How returned cash was used
Dividends $2.81B · net repurchases $7.30B · total returned $10.11B · 103% of free cash flow
Price data through September 11, 2026 · Financial data through the quarter ended June 30, 2026
Capital returns history
Stored readings only. History builds forward from activation rather than being reconstructed.
Only one stored reading exists for this measure so far, so there is nothing to chart yet.
Why higher yield isn't always better
A very high dividend yield may reflect a falling share price or an unsustainable payout. Capital Returns Intelligence emphasizes consistency and sustainability rather than simply rewarding the highest yield.
Why buybacks can be misleading
Announced or gross buyback spending does not always mean shareholders are gaining ownership. Companies can simultaneously issue shares through employee compensation or acquisitions. Suggested Investments therefore considers actual share-count changes alongside repurchase spending.
What these terms mean
- Dividend Yield
- The annual dividend relative to the current share price.
- Payout Ratio
- The share of company earnings used to pay dividends.
- Free Cash Flow Payout
- How much of the company's available cash is being used for dividends.
- Share Repurchases
- When a company buys back its own stock.
- Dilution
- When the number of shares increases, reducing each existing share's percentage ownership of the company.
- Shareholder Yield
- A combined view of dividends and net share repurchases relative to the company's market value.
Capital Returns Intelligence describes how a company returns capital to shareholders. It is not a measure of stock-price performance, it does not predict future returns, and a strong reading is never a recommendation to buy. Dividends and repurchases can be reduced or stopped at any time. Model CAPITAL_RETURNS_INTELLIGENCE_V1, contributing 0% to the Suggested Investment Score.
Stored daily snapshots only
Ranking history
| Today | #99 | Score 69 |
|---|---|---|
| 30 days ago | Not ranked | No stored score |
| 90 days ago | Not ranked | No stored score |
| First suggested | September 12, 2026 | |
| Highest rank | #99 | |
In the company’s own words
What this company does
Originally organized as Caterpillar Tractor Co. in 1925 in the State of California, our company was reorganized as Caterpillar Inc. in 1986 in the State of Delaware. As used herein, the term "Caterpillar," "we," "us," "our" or "the company" refers to Caterpillar Inc. and its subsidiaries unless designated or identified otherwise.
With 2025 sales and revenues of $67.589 billion, Caterpillar Inc. is shaping the future as the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company’s primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers’ toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team.
In 2025, our company introduced a revised strategy anchored by a new mission statement: Solving our customers' toughest challenges. Coupled with our purpose, we build a better, more sustainable world, this strategy guides how we operate with our global team and engage with customers, dealers and suppliers. The refreshed strategy establishes three profitable growth pillars focused on addressing customers' needs; Commercial Excellence, Advanced Technology Leader, and Transform How We Work. These pillars are built upon our longstanding foundation of Operational Excellence and guided by the Operating & Execution model. We also re-enforced our commitment to our Values in Action - Safety, Integrity, Teamwork, Excellence and Commitment. Caterpillar continues to operate through five operating segments, four of which are reportable segments and are described below.
1. Machinery, Power & Energy — Caterpillar Inc. and its subsidiaries, excluding Financial Products. Machinery, Power & Energy information relates to the design, manufacturing and marketing of our products.
Quoted from the business section of this company’s 10-K filed February 13, 2026. Read the filing
Four distinct intelligence areas
The IA view
Risk Intelligence
Production core
73
Fundamentally Qualified
+13.4 vs Jun 30, 2026
Business Quality qualification score from the locked IA Defensive Research Core. Price Risk stays a separate category and is never blended in.
As of Sep 11, 2026
Long-Term Potential
Research model
66
Elite Compounder
+12.3 vs Jun 30, 2026
Durable business economics and reinvestment characteristics. Independent external validation is pending.
As of Sep 11, 2026
Fundamental Momentum
Research model
60
Accelerating
+10.7 vs Jun 30, 2026
Direction and breadth of change in underlying business fundamentals. Not a price-momentum signal.
As of Sep 11, 2026
Elite Investor Activity
Supplemental
72
Upper range
0 vs Jun 30, 2026
16 tracked managers disclosed a position for this period.
As of Sep 11, 2026
Company intelligence
CAT score history
Each area is measured and reported separately. No combined score exists.
CAT intelligence history from 2023-09-30 to 2026-09-11. Risk Intelligence 72.6 on 2026-09-11, up 13.4 from 59.2 on 2026-06-30. Long-Term Potential 65.6 on 2026-09-11, up 12.3 from 53.3 on 2026-06-30. Fundamental Momentum 60 on 2026-09-11, up 10.7 from 49.3 on 2026-06-30. Elite Investor Activity 71.9 on 2026-09-11, unchanged 0 from 71.9 on 2026-06-30. Each area is reported separately and is never combined into a single score.
Risk Intelligence 72.6 as of Sep 11, 2026 (+13.4 vs prior period) · Production core
Long-Term Potential 65.6 as of Sep 11, 2026 (+12.3 vs prior period) · Research model
Fundamental Momentum 60 as of Sep 11, 2026 (+10.7 vs prior period) · Research model
Elite Investor Activity 71.9 as of Sep 11, 2026 (0 vs prior period) · Supplemental
Share price
CAT price history
Closing prices adjusted for splits and dividends, through Sep 11, 2026. Past prices do not indicate future results.
- 6M change
- +17.3%
- 1Y change
- +91.5%
- 3Y change
- +209.5%
- 5Y change
- +338.2%
- Max change
- +519.7%
Last stored close $818.57 · +91.5% over the selected range · 52 sessions shown
Balanced evidence
Why IA likes it
- Business Quality meets the frozen IA Defensive qualification.
- More disclosed holders are new or increasing than reducing or exiting.
Risk and uncertainty
What IA doesn’t like
- Price Risk is currently in the higher-risk category.
What would change our view
- Business Quality falling below the frozen qualification threshold.
- Price Risk moving to a less favorable category.
- A sustained reversal in the Fundamental Momentum research evidence.
- New material public ownership disclosures.
Public filings · descriptive only
Elite Investor Activity
Reporting holders
57
New holders
38
Increasing
8
Reducing
4
Exiting
0
Coverage
Excellent
Positive disclosed activity · Report period 2023-09-30 · Public 12/27/2023
| Manager | Change | Portfolio weight | Rank | Disclosed |
|---|
Insufficient high-confidence manager coverage.
Objective stored changes
What changed
- Risk Intelligence
IA Defensive improved
Business Quality qualification score moved from 59.2 to 62.9.
- Fundamental Momentum
Fundamental Momentum improved
Fundamental Momentum research score moved from 49.3 to 58.0.
- Elite Investor Activity
Tracked managers initiated positions
3 tracked managers first disclosed a position for the reporting period ending 2026-09-11.
- Fundamental Momentum
Fundamental Momentum improved
Fundamental Momentum research score moved from 37.7 to 49.3.
- Elite Investor Activity
Elite Investor Consensus strengthened
Disclosed agreement among tracked managers moved from 58 to 72 for the reporting period ending 2026-06-30.
- Elite Investor Activity
Tracked managers initiated positions
3 tracked managers first disclosed a position for the reporting period ending 2026-06-30.
- Elite Investor Activity
Elite Investor Consensus strengthened
Disclosed agreement among tracked managers moved from 36 to 58 for the reporting period ending 2026-03-31.
- Elite Investor Activity
Tracked managers initiated positions
2 tracked managers first disclosed a position for the reporting period ending 2026-03-31.
- Elite Investor Activity
Elite Investor Consensus weakened
Disclosed agreement among tracked managers moved from 63 to 38 for the reporting period ending 2025-06-30.
- Elite Investor Activity
Elite Investor Consensus weakened
Disclosed agreement among tracked managers moved from 91 to 67 for the reporting period ending 2024-12-31.
Ownership timeline
No high-confidence public ownership events are available.
General research only. Not personalized advice. Public filings may be delayed, amended, incomplete, or reflect positions that have changed since the reporting date.