Caterpillar vs Wabtec
Caterpillar is the larger business, with $67.59bn of revenue in fiscal 2025 against $11.17bn for Wabtec (6.1 times as much). Wabtec grew faster (7.5% against 4.3%). Caterpillar kept more of each dollar of sales as profit: a net margin of 13.1% against 10.5%.
| Latest fiscal year | CaterpillarCAT, 2025 | WabtecWAB, 2025 |
|---|---|---|
| Revenue | $67.59bn | $11.17bn |
| Revenue growth | 4.3% | 7.5% |
| Net income | $8.88bn | $1.17bn |
| Operating margin | 16.5% | — |
| Net margin | 13.1% | 10.5% |
| Return on equity | 43.5% | 11.0% |
| Free cash flow | $8.92bn | $1.50bn |
| Cash | $9.98bn | $789m |
| Total debt | $36.21bn | $5.57bn |
| Debt to equity | 169.9% | — |
| Dividend per share | $5.94 | $1.00 |
| Dividend yield | 1.0% | 0.4% |
| Share buybacks | $5.19bn | $223m |
| Employees | — | 31,000 |
| Market value | $286.28bn | $49.03bn |
| Price vs our value range | — | Within our value range |
| Moat score | 66 (Moderate) | 66 (Moderate) |
| Insider trades, 12 months | 2 buys, 91 sales | 0 buys, 132 sales |