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Side-by-side financial comparison of Caterpillar Inc. (CAT) and MetLife (MET). Click either name above to swap in a different company.
MetLife is the larger business by last-quarter revenue ($19.1B vs $17.4B, roughly 1.1× Caterpillar Inc.). On growth, Caterpillar Inc. posted the faster year-over-year revenue change (22.2% vs 2.7%). Over the past eight quarters, MetLife's revenue compounded faster (484.7% CAGR vs 2.2%).
Caterpillar Inc. is an American construction, mining, and other engineering equipment manufacturer. The company is the world's largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average.
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
CAT vs MET — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $17.4B | $19.1B |
| Net Profit | — | $1.1B |
| Gross Margin | 35.1% | — |
| Operating Margin | 17.7% | — |
| Net Margin | — | 6.0% |
| Revenue YoY | 22.2% | 2.7% |
| Net Profit YoY | — | 30.0% |
| EPS (diluted) | $5.47 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $17.4B | $19.1B | ||
| Q4 25 | $19.1B | $600.0M | ||
| Q3 25 | $17.6B | $621.0M | ||
| Q2 25 | $16.6B | $604.0M | ||
| Q1 25 | $14.2B | $611.0M | ||
| Q4 24 | $16.2B | $556.0M | ||
| Q3 24 | $16.1B | $554.0M | ||
| Q2 24 | $16.7B | $558.0M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.4B | $809.0M | ||
| Q3 25 | $2.3B | $896.0M | ||
| Q2 25 | $2.2B | $729.0M | ||
| Q1 25 | $2.0B | $945.0M | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.7B | $946.0M |
| Q1 26 | 35.1% | — | ||
| Q4 25 | 30.5% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 36.3% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 39.2% | — |
| Q1 26 | 17.7% | — | ||
| Q4 25 | 13.9% | — | ||
| Q3 25 | 17.3% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 20.9% | — |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 12.5% | 134.8% | ||
| Q3 25 | 13.0% | 144.3% | ||
| Q2 25 | 13.2% | 120.7% | ||
| Q1 25 | 14.1% | 154.7% | ||
| Q4 24 | 17.2% | 228.6% | ||
| Q3 24 | 15.3% | 242.2% | ||
| Q2 24 | 16.1% | 169.5% |
| Q1 26 | $5.47 | — | ||
| Q4 25 | $5.11 | $1.18 | ||
| Q3 25 | $4.88 | $1.22 | ||
| Q2 25 | $4.62 | $1.03 | ||
| Q1 25 | $4.20 | $1.28 | ||
| Q4 24 | $5.76 | $1.75 | ||
| Q3 24 | $5.06 | $1.81 | ||
| Q2 24 | $5.48 | $1.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.1B | — |
| Total DebtLower is stronger | $4.7B | $14.8B |
| Stockholders' EquityBook value | $18.7B | $27.6B |
| Total Assets | $95.5B | $743.2B |
| Debt / EquityLower = less leverage | 0.25× | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.1B | — | ||
| Q4 25 | $10.0B | $25.6B | ||
| Q3 25 | $7.5B | $26.2B | ||
| Q2 25 | $5.4B | $27.5B | ||
| Q1 25 | $3.6B | $26.9B | ||
| Q4 24 | $6.9B | $25.2B | ||
| Q3 24 | $5.6B | $26.4B | ||
| Q2 24 | $4.3B | $24.6B |
| Q1 26 | $4.7B | $14.8B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $18.7B | $27.6B | ||
| Q4 25 | $21.3B | $28.4B | ||
| Q3 25 | $20.7B | $28.9B | ||
| Q2 25 | $18.7B | $27.7B | ||
| Q1 25 | $18.1B | $27.5B | ||
| Q4 24 | $19.5B | $27.4B | ||
| Q3 24 | $19.4B | $30.9B | ||
| Q2 24 | $17.1B | $27.3B |
| Q1 26 | $95.5B | $743.2B | ||
| Q4 25 | $98.6B | $745.2B | ||
| Q3 25 | $93.7B | $719.7B | ||
| Q2 25 | $90.3B | $702.5B | ||
| Q1 25 | $85.0B | $688.3B | ||
| Q4 24 | $87.8B | $677.5B | ||
| Q3 24 | $86.3B | $705.0B | ||
| Q2 24 | $83.3B | $675.7B |
| Q1 26 | 0.25× | 0.54× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAT
| Sales of Machinery, Power & Energy | $16.5B | 95% |
| Revenues of Financial Products | $942.0M | 5% |
MET
| Premiums, fees and other revenues | $14.3B | 75% |
| Other | $4.8B | 25% |
