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Side-by-side financial comparison of Caterpillar Inc. (CAT) and Vale S.A. (VALE). Click either name above to swap in a different company.
Caterpillar Inc. is the larger business by last-quarter revenue ($17.4B vs $8.8B, roughly 2.0× Vale S.A.). On growth, Caterpillar Inc. posted the faster year-over-year revenue change (22.2% vs -11.3%).
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.
Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.
CAT vs VALE — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.4B | $8.8B |
| Net Profit | — | $2.1B |
| Gross Margin | 35.1% | 30.9% |
| Operating Margin | 17.7% | 22.8% |
| Net Margin | — | 24.3% |
| Revenue YoY | 22.2% | -11.3% |
| Net Profit YoY | — | -22.9% |
| EPS (diluted) | $5.47 | $0.50 |
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 | — | ||
| Q4 25 | $19.1B | — | ||
| Q3 25 | $17.6B | — | ||
| Q2 25 | $16.6B | $8.8B | ||
| Q1 25 | $14.2B | — | ||
| Q4 24 | $16.2B | — | ||
| Q3 24 | $16.1B | — | ||
| Q2 24 | $16.7B | $9.9B |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.7B | $2.8B |
| Q1 26 | 35.1% | — | ||
| Q4 25 | 30.5% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 34.8% | 30.9% | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 36.3% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 39.2% | 36.0% |
| Q1 26 | 17.7% | — | ||
| Q4 25 | 13.9% | — | ||
| Q3 25 | 17.3% | — | ||
| Q2 25 | 17.3% | 22.8% | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 20.9% | 39.1% |
| Q1 26 | — | — | ||
| Q4 25 | 12.5% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 13.2% | 24.3% | ||
| Q1 25 | 14.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 15.3% | — | ||
| Q2 24 | 16.1% | 27.9% |
| Q1 26 | $5.47 | — | ||
| Q4 25 | $5.11 | — | ||
| Q3 25 | $4.88 | — | ||
| Q2 25 | $4.62 | $0.50 | ||
| Q1 25 | $4.20 | — | ||
| Q4 24 | $5.76 | — | ||
| Q3 24 | $5.06 | — | ||
| Q2 24 | $5.48 | $0.65 |
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 | $5.5B |
| Total DebtLower is stronger | $4.7B | — |
| Stockholders' EquityBook value | $18.7B | $40.5B |
| Total Assets | $95.5B | $90.4B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.1B | — | ||
| Q4 25 | $10.0B | — | ||
| Q3 25 | $7.5B | — | ||
| Q2 25 | $5.4B | $5.5B | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $5.6B | — | ||
| Q2 24 | $4.3B | $6.5B |
| Q1 26 | $4.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $18.7B | — | ||
| Q4 25 | $21.3B | — | ||
| Q3 25 | $20.7B | — | ||
| Q2 25 | $18.7B | $40.5B | ||
| Q1 25 | $18.1B | — | ||
| Q4 24 | $19.5B | — | ||
| Q3 24 | $19.4B | — | ||
| Q2 24 | $17.1B | $38.4B |
| Q1 26 | $95.5B | — | ||
| Q4 25 | $98.6B | — | ||
| Q3 25 | $93.7B | — | ||
| Q2 25 | $90.3B | $90.4B | ||
| Q1 25 | $85.0B | — | ||
| Q4 24 | $87.8B | — | ||
| Q3 24 | $86.3B | — | ||
| Q2 24 | $83.3B | $86.6B |
| Q1 26 | 0.25× | — | ||
| 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% |
VALE
Segment breakdown not available.
