Stock Comparison

CAT vs DE

Caterpillar Inc vs Deere & Co

Who's the better investment? Let's break it down.

The Verdict

DE takes this one.

This one's close — only 0.2 points separating them. DE wins by a hair, but both deserve a closer look.

CAT

Caterpillar Inc

0.1

out of 10

Distressed
Winner
DE

Deere & Co

0.3

out of 10

Distressed

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Valuation

CAT

Metric

DE

$400.8B

Market Cap

$142.2B
42.5

P/E Ratio

Lower may indicate better value

29.7
36.3

Forward P/E

31.3
18.0

Price/Book

6.0
46.5

EV/EBITDA

15.5

Profitability & Growth

CAT

Metric

DE

13.3%

Profit Margin

10.1%
33.8%

Gross Margin

36.6%
16.5%

Operating Margin

19.3%
47.6%

Return on Equity

18.3%
10.0%

Return on Assets

4.5%
11.8%

Revenue Growth

4.0%
$20.10

EPS

$17.65

Financial Health

CAT

Metric

DE

2.0

Debt-to-Equity

Lower = less leverage

2.5
1.4

Current Ratio

Above 1.0 is healthy

0.9
1.6

Beta

Lower = less volatile

0.9
0.7%

Dividend Yield

1.2%

Risk Comparison

CAT

Overall
Moderate
Financial
Low
Market
Medium
Competitive
Low
Execution
Low
Regulatory
Low

What Could Go Wrong

The biggest risk is a sharp and sustained global economic contraction or a significant decline in commodity prices, which could lead to widespread cancellation of orders from Caterpillar's record $63 ...

Red Flags

  • 🚩Insider selling: Bob De Lange proposed a sale of 24,222 shares on 2026-05-06, indicating some execut...
  • 🚩High valuation: Trading at 36.33x NTM P/E, described as expensive relative to peers, limits upside p...
  • 🚩Cyclical market exposure: Dependence on global construction, mining, and energy sectors makes the co...

DE

Overall
Moderate
Financial
Low
Market
Medium
Competitive
Medium
Execution
Medium
Regulatory
Medium

What Could Go Wrong

The biggest risk for Deere right now is a deeper and prolonged downturn in U.S. & Canada Large Agriculture equipment demand, which already saw operating profit fall 39% in Q2 2026. If this segment con...

Red Flags

  • 🚩Insider selling: Chairman & CEO John C. May sold 52,578 shares for an estimated $26.35 million in th...
  • 🚩Declining profitability in core segment: Production & Precision Agriculture operating profit decreas...
  • 🚩Right-to-repair lawsuit: A recent $99 million settlement, while manageable, signals ongoing regulato...

Competitive Moat

CAT

Rating

🛡️ Wide

Trend

➡️ Stable

Brand PowerSwitching CostsCost Advantages (Scale)Efficient Scale (Global Network)Intangible Assets/IP (R&D)

DE

Rating

🛡️ Wide

Trend

📈 Expanding

Brand PowerSwitching CostsIntangible Assets/IPEfficient Scale

Investment Thesis

CAT0.1/10

If global infrastructure spending and commodity demand remain elevated, leading to full utilization and sustained growth of the record $63B backlog, then CAT could sustain 15-20%+ EPS growth through FY2027, justifying a premium valuation near the $1,000 range based on a 35-40x P/E on projected $25-28 annual EPS. This is bullish because the market may still be underestimating the durability of the ...

Full CAT Analysis
DE0.3/10

If Deere leverages its existing market leadership and deep customer relationships to accelerate the monetization of its precision agriculture and autonomous solutions, achieving consistent mid-single-digit (5-7%) revenue growth with expanding software and service margins by FY2029, then the company could sustain a premium valuation multiple (30-35x P/E) as it transforms into a hybrid industrial-te...

Full DE Analysis

Price Targets & Strategy

Price Targets & Entry/Exit Strategy

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Growth Catalysts

Growth Catalysts Comparison

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Market Sentiment

Market Sentiment Analysis

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The Deep Dive

CAT0.1/10

Caterpillar Inc. demonstrates exceptional operational strength, with Q1 2026 revenue up 22.2% YoY and adjusted EPS up 30.4% YoY, significantly beating consensus, and management raising guidance. This robust performance, alongside a strong backlog, solidifies its position as a market leader in mature, cyclical industries. However, for a mega-cap company exceeding $400 billion, these strong results represent continued market leadership, operational efficiency, and shareholder returns, not the disr...

Full CAT Analysis
DE0.3/10

Deere & Company, a stalwart in agricultural and construction equipment, continues to demonstrate strong operational execution, as evidenced by its Q2 FY2026 revenue and EPS beats. Strategic acquisitions like Tenna LLC enhance its construction technology segment, and its leadership in precision agriculture positions it well for moderate, sustained growth. However, as a mature, large-cap industrial company with a current market capitalization of $142.92 billion, achieving a 10x return ($1.4 trilli...

Full DE Analysis

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Not Financial Advice

This comparison is for educational purposes only. We are not financial advisors. Always do your own research and consult a qualified financial advisor before making investment decisions.

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