Caterpillar Inc (CAT) results explained: sales up 21%

Quantooo Lab · 2026-10-29

What happened?

Caterpillar Inc (CAT) reported results on 29 Oct, covering the 9 months to 30 Sep.

The numbers in plain words

Sales were up 21.0% compared with the same period a year earlier. Out of every 100 of sales, about 20 was left after running costs (operating margin 19.8%), higher than a year earlier (17.5%).

Source: the company's 10-Q filed 2026-11-04.

How did the share price react?

Since the results, the share price has moved −22.39% (to the close of 5 Nov), while the S&P 500 moved −5.09%.

What changed in our score?

Our score went from 39 to 40 out of 100; the fundamentals part went from 79 to 80. Every step of the calculation: CAT stock page.

How bumpy could the next month be?

Our volatility model expects the next month to be bumpier than usual for CAT (42% a year vs a normal 29%).

What does it mean?

Results describe the past few months. They don't tell you where the price goes next, and our own tests found our scores don't reliably predict that either.

Educational, not investment advice.