CAT · CIK 0000018230 · FY2025 live · 2025-12-31
CATERPILLAR INC
View as
Model
Classic Z
FY2025
2.35
Zone
Grey
vs FY2024
−0.18
Market DD
—
1y PD
—
2.35
Z″ 4.27
Score 2.35 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
0.161.2 × = 0.19X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.661.4 × = 0.93X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
0.113.3 × = 0.37X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
0.280.6 × = 0.17X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.691 × = 0.69
Five-year path
Z plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 5 annual filings.
Meridian Rank
58.67
0–100 · Classic Z family
Book standing
70
Year change
29
Market PD
—
O-score
68
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
CATERPILLAR INC is on classic Z at 2.35 (grey) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print; sales / assets is the runner-up. Versus FY2024 the live print is still grey (−0.18 from 2.53). No market tape loaded. Classic Z was fit on manufacturers. Buybacks can send retained earnings negative at otherwise healthy issuers. X4 is book equity.
Book screen Grey; market PD —. Market PD has not been priced on this name.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Classic Z scores · 65th percentile in Industrials.
Filing line items
Current assets
$52.5B
Total assets
$98.6B
Current liabilities
$36.6B
Total liabilities
$77.3B
Working capital
$15.9B
Retained earnings
$65.4B
EBIT
$11.2B
Total sales
$67.6B
Book equity
$21.3B
Accession 0000018230-26-000008. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.