Zacks Investment Research
02 Jun 2026, 15:51 UTC · 2h ago
Caterpillar Gains 51% YTD: Time to Buy, Sell or Hold the Stock?
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Zacks Investment Research
02 Jun 2026, 15:51 UTC · 2h ago
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Story key points
5 claims · impact-rated
Caterpillar reported a record backlog of $62.7 billion as of the first quarter of 2026. — A record backlog provides high visibility into future revenue streams and signals strong sustained demand.
+0.60Caterpillar's adjusted earnings per share increased 30.4% year-over-year to $5.54 in Q1 2026. — Significant earnings growth, especially after a nearly flat previous quarter, demonstrates strong fundamental momentum.
+0.50Caterpillar expects low double-digit revenue growth for 2026, an increase over its long-term CAGR target of 5-7%. — Upward revisions in growth guidance typically lead to higher valuation multiples and positive price action.
+0.40Cost of sales rose 26% year-over-year, partially driven by tariff-related impacts. — Increasing costs and tariff pressures act as a drag on margins and create a risk factor for future profitability.
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Caterpillar's adjusted operating margin decreased slightly to 18% from 18.3% in the prior-year quarter. — Slight margin compression suggests that revenue growth is currently outpacing cost efficiency.
-0.20Ticker attribution
Model heads
The company reported strong year-to-date gains, a record backlog, and a 30.4% increase in adjusted EPS.
The stock has risen 9.1% year to date, though it is being outperformed by Caterpillar.
The stock has risen 26.2% year to date, though it is being outperformed by Caterpillar.
[mutual] Caterpillar is identified as a competitor to Terex Corp.
[mutual] Caterpillar is identified as a competitor to Komatsu.
[mutual] Both Komatsu and Terex are listed as competitors to Caterpillar in the same industry.
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