Which has the lower trailing P/E, CAT or DE?

CAT has the lower trailing P/E: CAT trades at 33.70 and DE at 38.00. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CAT or DE?

Over the past five years, CAT grew revenue faster — CAT at a 10.24% CAGR versus DE at 2.84%.

Does CAT or DE pay a bigger dividend?

CAT yields 0.75% and DE yields 0.96% based on trailing dividends and the latest price.

Is CAT or DE more profitable?

CAT runs the higher net margin — CAT at 14.50% versus DE at 10.22%.

How have CAT and DE total returns compared?

Over the past 10 years, CAT delivered 28.83% and DE delivered 25.38% annualized total return. Past performance doesn't predict future results.

Caterpillar Inc. (CAT) vs Deere & Company (DE)

A side-by-side comparison of Caterpillar Inc. and Deere & Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

CAT

Caterpillar Inc.

$360.93B

$783.54IndustrialsDelayed quote: Sep 15, 2026, 4:00 PM EDT

Deere & Company

$184.65B

$684.04IndustrialsDelayed quote: Sep 15, 2026, 4:00 PM EDT

Total return — CAT vs DE

growth of $100 · dividends reinvested · last 10y

CAT +1144.4% (+28.7%/yr)DE +845.2% (+25.2%/yr)CAT compounded faster over this window

CAT DE

CAT vs DE: by the numbers

•CAT is the larger company ($360.93B vs $184.65B market cap).
•CAT trades at the lower trailing earnings multiple (33.70 vs 38.00 P/E), one valuation lens rather than an overall verdict.
•CAT converts more revenue to profit (14.50% vs 10.22% net margin).
•CAT grew revenue faster over the past five years (10.24% vs 2.84% CAGR).
•DE pays the higher dividend yield (0.96% vs 0.75%).

Metrics side by side

Valuation

Metric	CAT	DE
P/E ratio	33.70	38.00
Forward P/E	28.76	37.74
P/S ratio	4.83	3.87
P/B ratio	18.61	6.60
EV / EBITDA	25.81	21.05
FCF yield	2.49%	2.09%

Profitability

Metric	CAT	DE
Gross margin	33.87%	35.74%
Operating margin	17.52%	18.97%
Net margin	14.50%	10.22%
ROE	55.85%	17.41%
ROIC	13.30%	7.20%

Dividends

Metric	CAT	DE
Dividend yield	0.75%	0.96%
Payout ratio	26.49%	36.00%

Growth (annualized)

Metric	CAT	DE
Revenue CAGR (5Y)	10.24%	2.84%
EPS CAGR (5Y)	27.96%	-0.77%
FCF CAGR (5Y)	9.80%	-6.06%
Total return CAGR (5Y)	34.18%	14.72%

Frequently asked

Which has the lower trailing P/E, CAT or DE?: CAT has the lower trailing P/E: CAT trades at 33.70 and DE at 38.00. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CAT or DE?: Over the past five years, CAT grew revenue faster — CAT at a 10.24% CAGR versus DE at 2.84%.
Does CAT or DE pay a bigger dividend?: CAT yields 0.75% and DE yields 0.96% based on trailing dividends and the latest price.
Is CAT or DE more profitable?: CAT runs the higher net margin — CAT at 14.50% versus DE at 10.22%.
How have CAT and DE total returns compared?: Over the past 10 years, CAT delivered 28.83% and DE delivered 25.38% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CAT analysis Full DE analysis Interactive comparison tool

Dig into the metrics

Caterpillar P/E ratio Deere P/E ratio Caterpillar dividend yield Deere dividend yield Caterpillar ROE Deere ROE Caterpillar operating margin Deere operating margin Caterpillar revenue growth Deere revenue growth Caterpillar free cash flow Deere free cash flow

Caterpillar & Deere appear in these rankings

25+ Year Dividend Growers Highest ROE Stocks Highest 10-Year Total Return Stocks Largest Companies by Market Cap

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.