What is the 13F Pro Quality Score for CAT?

13F Pro ranks CATERPILLAR INC (CAT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View CAT's current score at https://13fpro.ai/company/CAT (free sign-up required for the full ranking).

Which hedge funds own the most CAT stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of CAT include BlackRock,, STATE STREET, VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/CAT as soon as new 13F filings post.

Where does 13F Pro source CAT data?

All CATERPILLAR INC fundamentals and ownership data come directly from SEC EDGAR. CATERPILLAR INC files with the SEC under CIK 18230. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is CAT in?

CATERPILLAR INC (CAT) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives CAT's revenue?

Per CATERPILLAR INC's latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: Construction Industries ($8.346B, +35% YoY); Power & Energy ($8.238B, +17% YoY); Resource Industries ($4.648B, +20% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/CAT.

What are CAT's largest expenses?

CATERPILLAR INC's latest 10-Q reports these as the largest expense items: Cost of goods sold ($12.781B, +18% YoY); Selling, general and administrative expenses ($2.018B, +19% YoY); Research and development expenses ($616M, +12% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is CAT research updated on 13F Pro?

CAT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

CATERPILLAR INC(CAT)Stock Analysis

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SEC EDGAR: CIK 18230 CAT stock profile & AI dashboard →

13F Pro Quality Score

66.5/100

Rank #409 of 2,961 stocksTOP 25%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

46.3/100

Profitability

70.8/100

Balance Sheet

87.5/100

Earnings Quality

45.8/100

Free Cash Flow

64.4/100

Institutional Flow

63.5/100

Revenue Scale

97.9/100

Dilution Risk

80.3/100

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Why CAT Scores 67/100

exact factor attribution · 2026-09-11

CAT's composite is driven by scale and capital efficiency. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+7.2 pts

98th pct

Capital efficiency

+3.8 pts

88th pct

Profitability

+3.1 pts

71th pct

Free cash flow

+2.2 pts

64th pct

Shareholder dilution

+1.5 pts

80th pct

Institutional flow

+0.7 pts

64th pct

Earnings quality

-0.4 pts

46th pct

Revenue growth

-0.7 pts

46th pct

Earnings growth

-0.7 pts

35th pct

Latest change (2026-08-05): 68 → 73 · ↑ Revenue growth 33→44; ↑ Earnings growth 29→39

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

CAT Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for CATERPILLAR INC (CAT), a Industrials sector company. 13F Pro's AI-powered ranking engine scores CAT at 66.5/100 on a 32-signal composite quality model, placing it at rank #409 of 2,961 stocks — the top 25% of the AI-ranked universe. CAT scores in the top quartile across revenue scale (97.9), balance sheet strength (87.5). Based on the latest XBRL financial filings (Q2 2026), CATERPILLAR INC reports quarterly revenue of $20.5B, net income of $3.6B, an operating margin of 20.9%. Top institutional holders of CAT by reported 13-F value include BlackRock, STATE STREET, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. CAT trades on the NYSE exchange and files with the SEC under CIK 18230. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CAT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CATERPILLAR INC directly from SEC EDGAR. CATERPILLAR INC's 13F Pro composite quality score has ranged between 48 and 80 since 2021, currently 66.5 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about CATERPILLAR INC

Quirks, history, and lore behind CAT — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrial manufacturer · mega-cap · listed on the NYSE · headquartered in Illinois.
2
The Numbers
Annual revenue of roughly $65 billion, with a global workforce of about 100,000 employees — and its stock has been a Dow Jones component for decades.
3
The History
Born from a 1925 merger of two California tractor companies, it spent most of the 20th century turning dirt, rock, and coal into shareholder returns.
4
The Secret
Its financial services arm quietly rivals a mid-size bank — financing the very heavy equipment it sells to contractors and miners worldwide.
5
The Lore
Its signature yellow machines are so iconic they became a beloved children's toy brand, and hard-hat workers treat the gear like a badge of honor.
6
The Giveaway
If it's enormous, yellow, and moving earth on a construction site — a bulldozer, excavator, or mining truck — there's a very good chance it's wearing this company's crawling, creeping namesake logo.

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What's Driving CAT's Business? Latest 10-Q Breakdown

✓ 31/31 datapoints verified

AI-extracted from CATERPILLAR INC's 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total sales and revenues rose 24% to $20.543 billion on $3.1 billion of higher sales volume and $595 million of favorable price realization, lifting operating margin to 20.9%.

Biggest Revenue Drivers

Construction Industries$8.346B+35% YoY

Higher sales volume of $1.8 billion and favorable price realization of $309 million, driven by higher sales of equipment to end users

Power & Energy$8.238B+17% YoY

Higher sales volume of $736 million and price realization of $212 million; Power Generation grew in data center applications

Biggest Revenue Drivers

Total revenue: $20.543B+24% YoY

Construction Industries$8.346B+35% YoY

Higher sales volume of $1.8 billion and favorable price realization of $309 million, driven by higher sales of equipment to end users

Power & Energy$8.238B+17% YoY

Higher sales volume of $736 million and price realization of $212 million; Power Generation grew in data center applications

Within Power & Energy

Power Generation$3.098B+29% YoY

Sales increased in large reciprocating engines and in turbines and turbine-related services, primarily in data center applications

Resource Industries$4.648B+20% YoY

Primarily higher sales volume, driven by higher sales of equipment to end users

Financial Products Segment$1.145B+10% YoY

Favorable impact from higher average earning assets across all regions

Largest Expense Items

Cost of goods sold$12.781B+18% YoY

Includes $392 million of expected IEEPA tariff recoveries recorded in the quarter

Selling, general and administrative expenses$2.018B+19% YoY

Higher SG&A/R&D expenses across the primary segments

Research and development expenses$616M+12% YoY

Higher SG&A/R&D expenses accompanying segment growth

Other operating (income) expenses$471M+47% YoY

Higher restructuring costs, primarily the $139 million divestiture of certain non-U.S. entities

Margins: Operating profit margin was 20.9% versus 17.3% a year ago, driven mainly by higher sales volume and including $392 million of expected IEEPA tariff recoveries. Unfavorable manufacturing costs partly offset segment gains.

Watch Items from the Filing

Company expects 2026 tariff costs of around $2.2 billion, with about $600 million in Q3 2026; no additional IEEPA recoveries assumed in the second half.
Total dealer inventory rose $600 million in the quarter; company expects a Construction Industries dealer inventory decrease of over $1.0 billion in Q4 2026.
Order backlog was approximately $72.1 billion, about $9.4 billion higher than Q1 2026, with the largest increase in Power & Energy.
Resource Industries segment margin was 14.9% in the quarter but 12.7% year-to-date versus 15.7%, on $376 million of unfavorable six-month manufacturing costs.
Repurchased 1.4 million shares for $1.2 billion in the quarter ($4.9 billion year-to-date); $8.415 billion remains under the 2024 authorization.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$20.5B

Net Income

Q2 2026

$3.6B

Free Cash Flow

Q2 2026

$3.8B

Operating Margin

Q2 2026

20.9%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+4.3% YoY

$67.59BFY 2025

FY22 $59.43BFY23 $67.06BFY24 $64.81BFY25 $67.59B

Net Income

-17.7% YoY

$8.88BFY 2025

FY22 $6.71BFY23 $10.34BFY24 $10.79BFY25 $8.88B

Operating Income

-14.7% YoY

$11.15BFY 2025

FY22 $7.90BFY23 $12.97BFY24 $13.07BFY25 $11.15B

EPS (Diluted)

-14.7% YoY

$18.81FY 2025

FY22 $12.64FY23 $20.12FY24 $22.05FY25 $18.81

Total Assets

+12.3% YoY

$98.58BFY 2025

FY22 $81.94BFY23 $87.48BFY24 $87.76BFY25 $98.58B

Total Debt

+14.1% YoY

$36.21BFY 2025

FY22 $31.67BFY23 $29.11BFY24 $31.74BFY25 $36.21B

Op. Cash Flow

-2.5% YoY

$11.74BFY 2025

FY22 $7.77BFY23 $12.88BFY24 $12.04BFY25 $11.74B

Free Cash Flow

-11.2% YoY

$8.92BFY 2025

FY22 $6.47BFY23 $11.29BFY24 $10.05BFY25 $8.92B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$67.59B +4.3%	$64.81B -3.4%	$67.06B +12.8%	$59.43B +16.6%	$50.97B +22.1%	$41.75B
Net Income	$8.88B -17.7%	$10.79B +4.4%	$10.34B +54.1%	$6.71B +3.3%	$6.49B	—
Operating Income	$11.15B -14.7%	$13.07B +0.8%	$12.97B +64.0%	$7.90B +14.9%	$6.88B +51.1%	$4.55B
EPS (Diluted)	$18.81 -14.7%	$22.05 +9.6%	$20.12 +59.2%	$12.64 +6.8%	$11.83 +116.7%	$5.46
Total Assets	$98.58B +12.3%	$87.76B +0.3%	$87.48B +6.8%	$81.94B -1.0%	$82.79B +5.7%	$78.32B
Total Debt	$36.21B +14.1%	$31.74B +9.0%	$29.11B -8.1%	$31.67B +0.7%	$31.44B +12.2%	$28.01B
Operating Cash Flow	$11.74B -2.5%	$12.04B -6.6%	$12.88B +65.9%	$7.77B +7.9%	$7.20B +13.8%	$6.33B
Free Cash Flow	$8.92B -11.2%	$10.05B -11.0%	$11.29B +74.5%	$6.47B +6.0%	$6.11B +14.1%	$5.35B

AI Insight: CAT Financial Trends

Revenue accelerated to $20.5B in Q2 2026, driving operating income to $4.3B—highest in dataset—despite volatile quarterly cash conversion.

• Revenue grew 9.6% YoY from Q2 2025 ($16.6B) to Q2 2026 ($20.5B), with operating income surging 50.2% to $4.3B.

• Operating margin expanded to 20.9% in Q2 2026, up from 17.3% in Q2 2025—strongest quarter in dataset.

• Total debt increased 14% from Q4 2024 ($31.7B) to Q4 2025 ($36.2B), while equity grew only 9.3% to $21.3B.

⚠ Operating cash flow dropped 40% QoQ from $4.4B in Q2 2026 to pattern of volatile quarterly conversion despite revenue strength.

⚠ Q1 quarters show structural weakness: Q1 2025 OpCF fell to $1.3B; Q1 2026 rebounded to $1.9B but below trend.

AI Insight: CAT Ratio Trends

Operating margin rebounded to 20.9% in Q2 2026, but ROIC volatility and Q4 2025 collapse signal operational stress.

• Operating margin recovered sharply to 20.9% in Q2 2026 from 13.9% trough in Q4 2025, above Q3 2024 baseline of 19.5%.

• ROIC surged to 88.6% in Q2 2026, highest in dataset, versus 18.5% in Q4 2025 — extreme quarter-to-quarter swing.

• Debt-to-equity rose to 1.70 in Q4 2025 from 1.63 in Q4 2024, suggesting leverage increase amid earnings volatility.

⚠ Q4 2025 saw operating margin collapse to 13.9% and ROIC crash to 18.5% — investigate underlying operational or seasonal drivers.

⚠ ROIC volatility (18.5% to 88.6% in six quarters) suggests earnings consistency issues or working capital swings.

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Available Research

13F Pro tracks comprehensive data for CATERPILLAR INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of CAT

BlackRock, Inc.
$40.5B37,991,505 sh
STATE STREET CORP
$36.6B34,392,316 sh
VANGUARD CAPITAL MANAGEMENT LLC
$32.0B30,077,764 sh
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO
$15.5B14,509,304 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$12.8B12,026,244 sh
GEODE CAPITAL MANAGEMENT, LLC
$11.9B11,175,493 sh
Fisher Asset Management, LLC
$10.6B9,942,521 sh
MORGAN STANLEY
$8.0B7,504,426 sh
JPMORGAN CHASE & CO
$7.6B7,325,731 sh
GATES FOUNDATION TRUST
$6.8B6,353,614 sh

Fund	Value	Shares
BlackRock, Inc.	$40.5B	37,991,505
STATE STREET CORP	$36.6B	34,392,316
VANGUARD CAPITAL MANAGEMENT LLC	$32.0B	30,077,764
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	$15.5B	14,509,304
VANGUARD PORTFOLIO MANAGEMENT LLC	$12.8B	12,026,244
GEODE CAPITAL MANAGEMENT, LLC	$11.9B	11,175,493
Fisher Asset Management, LLC	$10.6B	9,942,521
MORGAN STANLEY	$8.0B	7,504,426
JPMORGAN CHASE & CO	$7.6B	7,325,731
GATES FOUNDATION TRUST	$6.8B	6,353,614

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Is CAT a good stock to buy?

13F Pro's AI-powered analysis of CATERPILLAR INC (CAT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CAT are available on the CAT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. CAT is classified as a mega company.

Which hedge funds own CAT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CAT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of CATERPILLAR INC's investment landscape.