Caterpillar Inc.
Shortcut
7.09Normalized diluted EPS
+0.9% vs Street
Street
7.03Normalized diluted EPS
October 25 consensus snapshot
Real
7.20Caterpillar issuer adjusted diluted profit per common share
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
Segment build on recast basis: P&E +17.6% (Power Generation +32% on data-center demand, capacity ramp, AIP deliveries from Sep-26), CI +20.4% (NA retail +27% in 2Q; smaller dealer build than 3Q25), RI +14.6%; total sales $20.8bn (+18.0% Y/Y), ~0.6% above consensus.
Management (4-Aug-2026) guided strong 3Q growth with volume and price in all segments, higher adjusted margin than 3Q25 (17.5%), and ~$600m tariff cost (vs ~$400m in 2Q); no further IEEPA recoveries assumed.
Margins: P&E 24.0%, CI 22.6%, RI 14.0%; corporate items -$500m ex-restructuring; adjusted operating margin 20.0%; 23% tax rate; diluted shares 460.7m after ~$1.75bn buybacks.
On the record.
- Reporting period
- Q3 2026 (FQ3 2026 - Sep 2026; quarter ended 2026-09-30)
- Reporting basis
- consensus data-normalized adjusted diluted EPS
- Consensus snapshot
- October 25, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Reviewed workbook
Record history
- Forecast generated
- Oct 26, 2026 at 6:32 AM PDT
- Reviewed revision completed
- Oct 26, 2026 at 6:32 AM PDT
- First published
- Oct 26, 2026 at 11:39 AM PDT
Result basis
The issuer adjusted profit per share excludes restructuring costs. Q3 GAAP 7.13 plus the reported 0.07 restructuring adjustment equals directly reported adjusted 7.20. The statement defines profit per common share diluted using 460.9m weighted diluted shares, versus 459.1m basic. No split or other unit conversion. The issuer Q3 2025 adjusted comparative 4.95 matches the frozen normalized history for that quarter. This check does not claim exhaustive item-level vendor definition equivalence.