// Economics · Companies / Caterpillar · the company console

Caterpillar (CAT)Layer 5 — Broad Market

Convergence · ModerateComposite F 55.63 of 6 indicators elevatedFiled-first
awaiting live quote
wires from /api/prices · asof from the exchange
Layoffs
NONE ON RECORDClean

Overview

the record we hold

The read

The world's largest maker of construction and mining equipment, plus power-generation systems used by data centers.

Six-indicator fragility

IndicatorScoreBand
Valuation vs Earnings75HIGH FRAGILITY (multiple-driven)
Revenue Quality / AI Monetization25LOW FRAGILITY (relative to other Level 5 names)
Insider Activity64CONFIRMED — MODERATE-HIGH FRAGILITY (discretionary cluster at the highs)
Execution / Tariff Risk75HIGH
Capital Allocation35MODERATE-FAVORABLE
Cyclicality / Demand Sustainability50MODERATE

Cross-examination

Q. You say CAT is trading like an AI company — isn't the datacenter revenue real?

A. Yes. Power Generation at $10.275B with explicit "primarily data center applications" disclosure is the most concrete AI-infrastructure revenue among Level 5 names — it is filed, hardware delivered, not deferred. The revenue is real. The question is whether 37-50x P/E is the right price for that revenue, when CAT historically trades 15-20x and when the operating margin is compressing (tariffs, manu

EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.

Price & Financials

live wire + filings

Price · 6 months

AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails

Financials

$20.54B
Revenue · latest quarter
2026-06-30
Revenues
XBRL tag · per-filer map
same-period largest · magnitude-linted
0000018230-26-000046
Accession
10-Q · asof 2026-08-08
2024-09$16.11B
2024-12$16.21B
2025-03$14.25B
2025-06$16.57B
2025-09$17.64B
2025-12$19.13B
2026-03$17.41B
2026-06$20.54B

SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event

Filings & Earnings

calendar + pre-committed watch

Pre-committed watch

Watching: Depreciation integrity, Insider selling, Circular financing before the print.

[ NOT TRACKED ]

Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.

Insiders

I3 score held

Insider-selling intensity · I3

Score 64.0/100 from the engine.

No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.

OwnerRoleDateTypeValueBasis
Wilkins Rayford JrDirector2026-06-10Award
Schwab Susan CDirector2026-06-10Award
Reed Debra LDirector2026-06-10Award
Marks Judith FranDirector2026-06-10Award

EDGAR Form 4, parsed structured · last 4 txns · asof 2026-08-08 · refreshes off the Form-4 event class

Layoffs

from our roster
[ PENDING ANALYSIS ]

Pending analysis. not yet determined — on the follow-up ledger as of 2026-07-13. A dated commitment, not an apology.

News & Video

ranked weekly

The wire · ranked

Video

[ NOT TRACKED ]

Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).

≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday

Notes

held
[ HELD ]

Notes. held open — The desk has not ruled this slot.

Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.