Industrials • Heavy Construction, Mining Machinery & Data Center Power Turbines • SIC 3531
$622.75 ▼ -24.64
(-3.81%)
MKT CAP: $297.59B • VOL: 5.30M
52W L $161 52W H $1,073
CAT // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: Form 10-K (FY2025) // Item 1 Construction, Resource & Energy/Transport
01 // UPSTREAM SUPPLIERS & FOUNDRIES
NUE <GO>
CRITICAL
Nucor / US Steel Plate, Forgings & Castings Suppliers
SUPPLIER • Heavy Structural Steel Plate, Precision Castings & Hydraulic Forgings
EST. COGS / CAPEX SHARE 36%
EVIDENCE: 10-K Item 1 Raw Materials & Steel Component Costs
PH <GO>
HIGH
Parker-Hannifin & Eaton Corporation
SUPPLIER • High-Pressure Hydraulics, Motion Control & Powertrain Electronics
EST. COGS / CAPEX SHARE 22%
EVIDENCE: 10-K Direct Production Component Supply Chain
CORE VALUE-CHAIN HUB NYSE
CAT // Caterpillar Inc.
GROSS MARGIN
82.2%
OP MARGIN
17.5%
ROIC %
21.1%
MKT CAP
$297.59B
UPSTREAM INPUTS ──► CAT OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
URI <GO>
REV SHARE: ~68%
Independent Cat Dealer Network & Equipment Rental Fleets (United Rentals)
CUSTOMER • 150+ Exclusive Global Cat Dealers & High-Margin Aftermarket Parts
EVIDENCE: 10-K Item 1 Global Independent Dealer Distribution Model
MSFT <GO>
REV SHARE: ~32%
Hyperscale Data Center Builders & Oil/Mining Majors (BHP, Freeport, Exxon)
CUSTOMER • 3516E Backup/Prime Power Gensets, Solar Turbines & Autonomous Haul Trucks
EVIDENCE: 10-K Energy & Transportation ($28B+ Segment) Data Center Power Boom
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| CAT ★ | Caterpillar Inc. | $622.75 | $297.59B | 82.2% | 17.5% | 21.1% | 20.9x | +18.4% | SUBJECT ISSUER |
| DE | Deere & Company | $660.00 | $177.95B | — | 13.4% | 9.3% | 27.9x | -11.7% | CAT VS DE <GO> |
| CMI | Cummins Inc. | $518.03 | $71.31B | 25.3% | 12.0% | 17.5% | 15.2x | -1.3% | CAT VS CMI <GO> |
| RTX | RTX Corporation | $199.40 | $269.08B | — | 10.5% | 7.2% | 26.5x | +9.7% | CAT VS RTX <GO> |
| TMO | Thermo Fisher Scientific Inc | $709.18 | $262.22B | — | 17.4% | 9.3% | 30.4x | +3.9% | CAT VS TMO <GO> |
| UNP | Union Pacific Corporation | $301.93 | $179.42B | — | 40.2% | 20.1% | 15.3x | +1.1% | CAT VS UNP <GO> |
| DHR | Danaher Corporation | $236.98 | $166.72B | 59.1% | 19.1% | 6.1% | 30.9x | +2.9% | CAT VS DHR <GO> |