CAT vs DE

Caterpillar Inc. and Deere & Company, both Industrials

Caterpillar Inc. is the larger company at $454B against $159B. On trailing earnings CAT is the cheaper of the two at a P/E of 35.4 against 36.0, a gap that is only a bargain if the two are growing at similar rates. Over the past year CAT returned +93% against +26% for DE. Ryufin's sector-relative Smart Score puts CAT ahead, 9/10 against 7/10.

Caterpillar Inc. and Deere & Companycompared on valuation, return and Ryufin’s Smart Score
FigureCATDE
Last close$822$635
Market cap$454B$159B
Trailing P/Elower is cheaper for the same earnings, not automatically better35.436.0
Dividend yield0.7%1.0%
1-year return+93%+26%
5-year return+332%+87%
Ryufin Smart Scoresector-relative, 1–109/107/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Caterpillar Inc.

Revenue of $21B in Q2 2026, net income $3.6B. Its largest reported line is Reportable Segment Aggregation Before Other Operating, 60% of the disclosed total.

Deere & Company

Revenue of $13B in Q2 2026, net income $1.8B. Its largest reported line is Production Agriculture, 34% of the disclosed total.

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