Caterpillar, Inc. Financial Ratios — CAT Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	41.57	37.36	19.76	13.06	15.92	-0.48	5.62	44.33	42.57	20.04	40.79	41.45	58.45	55.36	43.54
Return on Assets (%)	6.79	6.68	4.36	2.89	3.08	-0.09	0.99	7.91	7.76	3.82	8.06	8.14	12.2	12.32	9.53
Return on Capital (%)	11.91	11.33	7.08	4.9	5.27	-0.52	1.71	13.02	12.47	6.44	12.86	13.14	19.48	19.44	15.12
Return on Invested Capital (%)	12.27	11.29	7.19	4.51	5.09	-0.86	1.65	13.08	12.51	6.5	10.14	11.26	18.51	18.22	13.83
Gross Margin (%)	26.16	27.36	25.52	25.08	27.39	25.68	29.82	31.07	30.51	28.93	29.43	29.47	34.69	35.99	31.78
EBITDA Margin (%)	16.1	17.28	15.66	11.74	14.53	10.89	16.14	20.21	20.2	16.73	18.11	17.03	22.53	23.49	19.84
Operating Margin (%)	11.89	13.89	10.11	6.01	8.05	4.56	9.81	15.15	15.41	10.91	13.49	14.86	19.33	20.17	16.5
Incremental Operating Margin (%)	18.18	34.86	34.49	490.25	- -	23.93	39.03	41.39	0.33	31.01	25.21	23.07	54.2	- -	- -
Pretax Margin (%)	11.18	12.5	9.21	5.71	7.32	0.36	8.98	14.29	14.52	9.57	16.1	14.73	19.46	20.63	17.08
Profit Margin (%)	8.19	8.62	6.81	4.44	5.34	-0.17	1.66	11.23	11.33	7.18	12.73	11.28	15.41	16.65	13.14
Net Income to Common Margin (%)	8.19	8.62	6.81	4.44	5.34	-0.17	1.66	11.23	11.33	7.18	12.73	11.28	15.41	16.65	13.14
Effective Tax Rate (%)	25.58	30.69	25.72	21.95	26.64	138.13	81.8	21.71	22.35	25.18	21.23	23.62	21.31	19.66	23.98
Dvd Payout Ratio (%)	23.02	28.06	29.11	65.22	69.34	-3,527.45	239.66	31.73	34.98	74.57	35.89	36.4	24.81	24.54	30.96
Sustainable Growth Rate (%)	32	26.87	14.01	4.54	4.88	-17.39	-7.85	30.26	27.68	5.1	26.15	26.36	43.95	41.78	30.06

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	34,592	40,143	37,750	39,285	38,013	36,783	34,878	36,553	37,657	37,163	37,789	36,993	37,878	38,409	43,330
ST Debt	9,648	12,391	11,031	11,501	12,844	13,965	11,031	11,553	11,376	11,164	11,756	11,279	13,406	11,058	12,634
LT Debt	24,944	27,752	26,719	27,784	25,169	22,818	23,847	25,000	26,281	25,999	26,033	25,714	24,472	27,351	30,696
Total Debt/EBITDA	3.57	3.53	4.33	6.07	5.56	8.77	4.75	3.31	3.47	5.32	4.09	3.65	2.51	2.52	3.23
Net Debt/EBITDA	3.25	- -	- -	- -	- -	- -	- -	- -	- -	3.97	3.08	2.97	2.05	2.08	2.49
Total Debt/EBIT	4.84	4.68	6.71	11.85	10.04	31.65	7.82	4.41	4.54	8.16	5.49	4.68	2.92	2.94	3.89
Net Debt/EBIT	4.4	- -	- -	- -	- -	- -	- -	- -	- -	6.09	4.14	3.81	2.39	2.42	2.99
EBITDA to Interest Expense	24.44	24.38	18.74	13.38	13.47	8.31	13.82	27.37	25.81	13.59	18.91	22.85	29.57	29.74	26.72
EBITDA-CapEx/Interest Expense	20.89	20.69	14.6	9.58	9.78	4.71	11.11	23.31	21.98	11.38	18.91	22.85	29.57	29.74	26.72
EBIT to Interest Expense	18.06	19.6	12.1	6.85	7.47	3.48	8.4	20.53	19.69	8.86	14.09	19.93	25.37	25.53	22.21
Interest Expense	396	467	465	484	507	505	531	404	421	514	488	443	511	512	502
Common Equity/Total Assets	15.86	19.71	24.51	19.78	18.9	17.59	17.8	17.88	18.59	19.57	19.91	19.37	22.28	22.21	21.62
Long-Term Debt/Equity (%)	192.93	157.84	127.98	165.13	169.09	172.69	173.23	177.56	179.65	169.07	157.62	161.81	125.48	140.3	143.99
Long-Term Debt/Capital (%)	52.49	48.08	45.57	49.52	47.58	45.64	49.02	49.37	50.26	49.48	47.94	48.62	42.65	47.24	47.48
Long-Term Debt/Total Assets (%)	30.71	31.19	31.47	32.81	32.13	30.54	30.99	31.84	33.5	33.19	31.44	31.38	27.98	31.16	31.14
Total Debt/Equity (%)	267.55	228.32	180.81	233.48	255.38	278.38	253.36	259.61	257.41	241.66	228.8	232.79	194.22	197.03	203.26
Total Debt/Capital (%)	72.79	69.54	64.39	70.01	71.86	73.57	71.7	72.19	72.02	70.73	69.59	69.95	66.01	66.33	67.02
Total Debt/Total Assets (%)	42.59	45.12	44.47	46.39	48.52	49.24	45.32	46.56	48	47.45	45.64	45.14	43.3	43.76	43.95
Net Debt to Equity	243.55	- -	- -	- -	- -	- -	- -	- -	- -	180.18	172.29	189.42	158.75	162.22	156.41
Net Debt/Capital (%)	70.82	- -	- -	- -	- -	- -	- -	- -	- -	64.16	63.16	65.61	61.43	61.99	60.99
EBITDA	9,680	11,386	8,715	6,477	6,831	4,196	7,337	11,059	10,867	6,985	9,230	10,123	15,110	15,225	13,413
EBITDA-CapEx	8,271	9,660	6,791	4,637	4,958	2,377	5,899	9,419	9,254	5,848	9,230	10,123	15,110	15,225	13,413
Operating Income (Loss)	7,153	9,153	5,628	3,314	3,785	1,757	4,460	8,293	8,290	4,553	6,878	8,829	12,966	13,072	11,151

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.11	- -	- -	- -	- -	- -	- -	- -	- -	0.36	0.31	0.22	0.2	0.21	0.27
Current Ratio	1.34	1.43	1.4	1.39	1.28	1.22	1.35	1.37	1.47	1.53	1.46	1.39	1.35	1.42	1.44
Quick Ratio	0.73	- -	- -	- -	- -	- -	- -	- -	- -	1.02	0.89	0.79	0.74	0.8	0.86
CFO/Avg Current Liab	0.28	0.18	0.36	0.29	0.25	0.22	0.22	0.24	0.25	0.24	0.26	0.25	0.39	0.36	0.34
Common Equity/Total Assets	15.86	19.71	24.51	19.78	18.9	17.59	17.8	17.88	18.59	19.57	19.91	19.37	22.28	22.21	21.62
Long-Term Debt/Equity (%)	192.93	157.84	127.98	165.13	169.09	172.69	173.23	177.56	179.65	169.07	157.62	161.81	125.48	140.3	143.99
Long-Term Debt/Capital (%)	52.49	48.08	45.57	49.52	47.58	45.64	49.02	49.37	50.26	49.48	47.94	48.62	42.65	47.24	47.48
Long-Term Debt/Total Assets (%)	30.71	31.19	31.47	32.81	32.13	30.54	30.99	31.84	33.5	33.19	31.44	31.38	27.98	31.16	31.14
Total Debt/Equity (%)	267.55	228.32	180.81	233.48	255.38	278.38	253.36	259.61	257.41	241.66	228.8	232.79	194.22	197.03	203.26
Total Debt/Capital (%)	72.79	69.54	64.39	70.01	71.86	73.57	71.7	72.19	72.02	70.73	69.59	69.95	66.01	66.33	67.02
Total Debt/Total Assets (%)	42.59	45.12	44.47	46.39	48.52	49.24	45.32	46.56	48	47.45	45.64	45.14	43.3	43.76	43.95
CFO/Total Liabilities	10.19	7.26	15.92	11.87	10.56	9.17	9.03	10.18	10.83	10.05	10.86	11.76	18.96	17.63	15.19
CFO/CapEx	4.94	3	5.3	4.38	3.58	3.1	3.97	4	4.29	5.56	- -	- -	- -	- -	- -
Altman's Z-Score	2.39	2.45	2.32	2.19	1.96	1.88	2.48	2.63	2.81	2.66	2.93	3.28	3.72	4.04	4.39

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	3.48	3.63	3.11	3.25	2.9	2.55	2.96	3.25	3.04	2.41	2.98	3.37	3.66	3.44	3.34
Days Sales Outstanding	104.75	100.54	117.2	112.24	125.97	142.97	123.22	112.21	119.93	151.62	122.29	108.23	99.85	106.07	109.13
Inventory Turnover	3.68	3.18	2.94	3.33	3.12	3.13	3.42	3.5	3.28	2.62	2.83	2.77	2.67	2.48	2.64
Days Inventory Outstanding	99.18	114.76	124.03	109.61	117.12	116.7	106.57	104.25	111.28	139.43	129.08	131.96	136.82	146.9	138.37
Accounts Payable Turnover	7.04	6.55	5.79	6.26	5.48	5.72	6	5.8	5.71	4.93	5.41	5.24	5.31	5.36	5.7
Accounts Payable Turnover Days	51.82	55.71	63.05	58.31	66.58	63.83	60.82	62.98	63.95	73.99	67.52	69.63	68.69	68.11	64.05
Cash Conversion Cycle	152.1	159.59	178.17	163.54	176.52	195.84	168.98	153.48	167.26	217.05	183.85	170.57	167.98	184.85	183.45
Inventory to Cash Days	5.57	-14.22	-6.83	2.63	8.85	26.27	16.65	7.95	8.65	12.19	-6.79	-23.73	-36.97	-40.83	-29.25
Inventories	14,544	15,547	12,625	12,205	9,700	8,614	10,018	11,529	11,266	11,402	14,038	16,270	16,565	16,827	18,135
Raw Materials	4,023	3,860	3,251	3,246	2,721	2,319	3,003	4,708	4,521	4,296	5,813	6,680	6,846	7,060	7,812
Work In Process	2,959	2,920	2,589	2,455	1,857	1,719	2,254	1,259	1,147	1,052	1,318	1,452	1,411	1,438	1,598
Finished Goods	7,562	8,767	6,785	6,504	5,122	4,576	4,761	5,562	5,598	6,054	6,907	8,138	8,308	8,329	8,725
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	59,534	58,757	58,099	56,055	39,824	54,120	94,752	72,887	81,409	97,461	110,991	123,307	148,415	172,764	267,411
- Cash & Cash Equivalents	3,057	- -	- -	- -	- -	- -	- -	- -	- -	9,352	9,254	7,004	6,978	6,889	9,980
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	46	50	67	80	76	76	69	41	41	47	32	22	9	3	- -
+ Total Debt	34,592	40,143	37,750	39,285	38,013	36,783	34,878	36,553	37,657	37,163	37,789	36,993	37,878	38,409	43,330
Enterprise Value	91,115	98,950	95,916	95,420	77,913	90,979	129,699	109,481	119,107	125,319	139,558	153,318	179,324	204,287	300,761
Total Capital	47,521	57,725	58,628	56,111	52,898	49,996	48,644	50,633	52,286	52,541	54,305	52,884	57,381	57,903	64,648
Total Debt/Capital (%)	72.79	69.54	64.39	70.01	71.86	73.57	71.7	72.19	72.02	70.73	69.59	69.95	66.01	66.33	67.02
Total Debt / EV	0.38	0.41	0.39	0.41	0.49	0.4	0.27	0.33	0.32	0.3	0.27	0.24	0.21	0.19	0.14
EV/Sales	1.52	1.5	1.72	1.73	1.66	2.36	2.85	2	2.21	3	2.74	2.58	2.67	3.15	4.45
EV/EBITDA	9.41	8.69	11.01	14.73	11.41	21.68	17.68	9.9	10.96	17.94	15.12	15.15	11.87	13.42	22.42
EV/EBIT	12.74	11.54	17.04	28.79	20.58	78.29	29.08	13.2	14.37	27.52	20.29	19.4	13.83	15.63	26.97
EV/Cash Flow to Firm	12.56	17.97	9.1	11.31	11.02	16.7	22.35	15.93	16.45	18.67	18.41	18.92	13.5	16.41	24.81
EV/Free Cash Flow to Firm	15.59	26.17	11.14	14.47	14.99	25.08	29.72	20.92	21.17	22.48	18.41	18.92	13.5	16.41	24.81
Diluted Market Cap	61,241	60,062	59,991	58,157	41,122	53,918	95,017	75,908	83,987	98,050	113,603	126,663	152,642	176,910	271,441
Diluted Enterprise Value	92,822	100,255	97,808	97,522	79,211	90,777	129,964	112,502	121,685	125,908	142,170	156,674	183,551	208,433	304,791
EV per Share	140.71	151.06	150.38	157.41	133.8	155.13	217.02	190.22	216.53	229.81	260.42	296.93	359.09	427.44	646.4
TTM Sales	60,138	65,875	55,656	55,184	47,011	38,537	45,462	54,722	53,800	41,748	50,971	59,427	67,060	64,809	67,589
TTM EBITDA	9,680	11,386	8,715	6,477	6,831	4,196	7,337	11,059	10,867	6,985	9,230	10,123	15,110	15,225	13,413
TTM Operating Income	7,153	9,153	5,628	3,314	3,785	1,757	4,460	8,293	8,290	4,553	6,878	8,829	12,966	13,072	11,151
TTM Cash Flow to Firm	7,252	5,508	10,536	8,435	7,071	5,446	5,803	6,874	7,239	6,712	7,582	8,104	13,287	12,446	12,121
TTM Free Cash Flow to Firm	5,843	3,782	8,612	6,595	5,198	3,627	4,365	5,234	5,626	5,575	7,582	8,104	13,287	12,446	12,121

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	11.04	17.37	7.26	9.35	8.52	14.11	22.26	15.43	15.85	18.89	15.78	16.31	11.85	14.7	23.12
EV/EBIT	12.74	11.54	17.04	28.79	20.58	78.29	29.08	13.2	14.37	27.52	20.29	19.4	13.83	15.63	26.97
Enterprise Value	91,115	98,950	95,916	95,420	77,913	90,979	129,699	109,481	119,107	125,319	139,558	153,318	179,324	204,287	300,761
Low Price	70.16	78.86	80.21	88.45	63.68	56.36	91.04	112.92	113.39	92.41	180.18	161.21	206.57	277.03	272.99
EV/Sales	1.52	1.5	1.72	1.73	1.66	2.36	2.85	2	2.21	3	2.74	2.58	2.67	3.15	4.45
EV/EBITDA	9.41	8.69	11.01	14.73	11.41	21.68	17.68	9.9	10.96	17.94	15.12	15.15	11.87	13.42	22.42
Price/Earnings	12.03	10.3	15.51	23.28	16.18	- -	124.44	12.18	13.64	32.44	17.36	18.77	14.68	16.3	30.41
Price/Earnings Average	12.69	10.73	14.86	25.31	19	- -	89.43	13.96	12.24	25.31	17.8	16.11	12.29	15.76	22.14
Price/Earnings High	15.22	13.46	17.03	28.12	21.12	- -	124.58	16.82	13.66	33.28	20.6	19.17	14.69	18.95	33.22
Price/Earnings Low	9.18	9.06	13.66	22.26	15.07	- -	71.45	10.86	10.45	16.77	15.11	12.67	10.21	12.49	14.44
Price/Book Value	4.62	3.35	2.79	3.35	2.69	4.12	6.92	5.19	5.58	6.36	6.73	7.77	7.61	8.86	12.54
Price/Book Value Average	4.87	3.49	2.67	3.64	3.16	3.57	4.97	5.95	5.01	4.96	6.9	6.67	6.37	8.57	9.13
Price/Book Value High	5.84	4.38	3.06	4.04	3.51	4.35	6.93	7.17	5.59	6.52	7.99	7.94	7.62	10.3	13.7
Price/Book Value Low	3.53	2.95	2.46	3.2	2.5	2.52	3.97	4.63	4.28	3.29	5.86	5.25	5.29	6.79	5.96
Price/Tangible Book Value	41.49	8.94	5.66	8.04	7.41	11.35	17.59	12.3	11.92	12.78	12.17	12.55	10.9	12.47	16.97
Price/Tangible Book Value Average	43.74	9.3	5.43	8.74	8.7	9.84	12.64	14.1	10.7	9.97	12.48	10.78	9.12	12.06	12.36
Price/Tangible Book Value High	52.46	11.68	6.22	9.71	9.67	11.99	17.61	16.98	11.95	13.11	14.44	12.82	10.9	14.5	18.54
Price/Tangible Book Value Low	31.66	7.86	4.99	7.69	6.9	6.93	10.1	10.97	9.14	6.61	10.59	8.47	7.57	9.56	8.06
Price/Sales	0.99	0.89	1.06	1.03	0.86	1.4	2.06	1.37	1.54	2.33	2.21	2.12	2.26	2.71	4
Price/Sales Average	1.04	0.92	1.01	1.12	1.02	1.21	1.48	1.57	1.39	1.82	2.27	1.82	1.89	2.63	2.91
Price/Sales High	1.25	1.16	1.16	1.25	1.13	1.48	2.07	1.89	1.55	2.39	2.62	2.16	2.26	3.16	4.37
Price/Sales Low	0.75	0.78	0.93	0.99	0.81	0.85	1.19	1.22	1.18	1.2	1.92	1.43	1.57	2.08	1.9
Price/Cash Flow	8.52	11.29	5.77	7.08	6.07	9.56	16.44	11.42	12.02	15.37	15.65	16.2	11.78	14.62	23.01
Price/Cash Flow Average	8.99	11.75	5.52	7.7	7.12	8.29	11.82	13.09	10.79	11.99	16.05	13.91	9.86	14.14	16.76
Price/Cash Flow High	10.78	14.75	6.33	8.56	7.92	10.1	16.46	15.77	12.05	15.77	18.57	16.55	11.78	16.99	25.14
Price/Cash Flow Low	6.5	9.93	5.08	6.78	5.65	5.84	9.44	10.18	9.21	7.95	13.62	10.94	8.19	11.2	10.93
Price/Free Cash Flow Average	11.64	18.08	6.95	10.17	10.01	12.24	16	17.69	14.22	14.74	16.18	14	9.91	14.21	16.84
Price/Free Cash Flow High	13.96	22.69	7.97	11.3	11.12	14.91	22.29	21.31	15.88	19.38	18.73	16.66	11.85	17.09	25.26
Price/Free Cash Flow Low	8.42	15.27	6.39	8.95	7.93	8.62	12.78	13.76	12.14	9.77	13.73	11.01	8.23	11.27	10.98
EV/Sales Average	1.57	1.54	1.68	1.82	1.81	2.17	2.27	2.19	2.06	2.49	2.79	2.29	2.31	3.06	3.37
EV/Sales High	1.78	1.78	1.83	1.94	1.92	2.44	2.86	2.51	2.22	3.06	3.14	2.62	2.67	3.59	4.82
EV/Sales Low	1.28	1.39	1.6	1.68	1.6	1.81	1.97	1.86	1.86	1.87	2.45	1.91	2	2.53	2.37
EV/EBITDA Average	9.75	8.9	10.73	15.49	12.42	19.97	14.04	10.86	10.19	14.87	15.42	13.42	10.27	13.04	17
EV/EBITDA High	11.04	10.27	11.66	16.53	13.19	22.41	17.69	12.41	10.97	18.3	17.36	15.41	11.87	15.26	24.27
EV/EBITDA Low	7.96	8.07	10.21	14.36	11	16.66	12.18	9.19	9.21	11.2	13.56	11.19	8.87	10.77	11.96
EV/EBIT Average	13.19	11.82	16.61	30.27	22.42	72.1	23.1	14.48	13.36	22.82	20.7	17.19	11.96	15.19	20.45
EV/EBIT High	14.94	13.64	18.05	32.31	23.8	80.91	29.11	16.55	14.38	28.08	23.3	19.73	13.83	17.78	29.19
EV/EBIT Low	10.77	10.71	15.81	28.06	19.86	60.17	20.03	12.25	12.07	17.19	18.19	14.33	10.34	12.54	14.38
Last Price	91.94	89.7	91.09	92.47	68.39	92.28	158.55	126.64	147.99	178.73	207.12	238.81	297.2	361.48	574.72
High Price	116.25	117.18	99.99	111.71	89.27	97.47	158.73	174.82	148.25	183.38	245.77	243.91	297.3	420.25	627.9
Enterprise Value Average	94,351	101,354	93,477	100,314	84,856	83,782	103,043	120,112	110,728	103,894	142,358	135,866	155,125	198,588	228,077
Enterprise Value High	106,855	116,955	101,593	107,078	90,071	94,021	129,809	137,213	119,250	127,855	160,273	155,954	179,374	232,372	325,505
Enterprise Value Low	77,012	91,851	88,980	92,979	75,171	69,913	89,354	101,584	100,070	78,250	125,125	113,250	134,068	163,924	160,370

Shares Outstanding	648	655	638	606	582	586	598	576	550	545	536	516	499	478	465
Diluted Weighted Avg Shares	666	670	659	629	601	584	599	599	568	549	549	530	514	489	472
Basic Weighted Avg Shares	645	653	645	617	594	584	592	591	562	544	544	527	511	487	470
Revenue per Share	93.24	100.94	86.26	89.41	79.1	65.95	76.82	92.53	95.8	76.73	93.7	112.79	131.34	133.16	143.81
EBITDA per Share	15.01	17.45	13.51	10.49	11.49	7.18	12.4	18.7	19.35	12.84	16.97	19.21	29.59	31.28	28.54
Operating Income per Share	11.09	14.03	8.72	5.37	6.37	3.01	7.54	14.02	14.76	8.37	12.64	16.76	25.39	26.86	23.73
Basic EPS, GAAP	7.64	8.71	5.87	3.97	4.23	-0.11	1.27	10.39	10.85	5.51	11.93	12.73	20.24	22.17	18.9
Basic EPS from Cont Ops	7.72	8.77	5.89	4	4.25	-0.1	1.28	10.4	10.85	5.52	11.94	12.72	20.24	22.17	18.9
Diluted EPS, GAAP	7.4	8.48	5.75	3.9	4.18	-0.11	1.26	10.26	10.74	5.46	11.83	12.64	20.12	22.05	18.81
Diluted EPS from Cont Ops	7.48	8.55	5.77	3.92	4.2	-0.1	1.27	10.26	10.74	5.47	11.84	12.64	20.12	22.04	18.81
Dividend per Share	1.8	2.48	1.72	2.62	2.96	3.08	3.09	3.3	3.8	4.12	4.29	4.63	5.02	5.44	5.85
Cash Flow per Share	10.79	7.94	15.8	13.05	11.27	9.65	9.64	11.09	12.31	11.63	13.23	14.74	25.24	24.73	24.98
Free Cash Flow per Basic Share	8.6	5.3	12.81	10.07	8.12	6.54	7.21	8.32	9.44	9.54	13.23	14.74	25.24	24.73	24.98
Cash & Equivalents per Share	4.72	- -	- -	- -	- -	- -	- -	- -	- -	17.15	17.27	13.56	13.97	14.41	21.45
Book Value per Share	19.9	26.76	32.63	27.63	25.43	22.4	22.92	24.39	26.52	28.11	30.76	30.73	39.04	40.78	45.82
Tangible Book Value per Share	2.22	10.04	16.08	11.51	9.23	8.13	9.01	10.29	12.41	13.99	17.01	19.02	27.28	28.98	33.86

Caterpillar, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)