S&P 500 comparison · Industrials

Caterpillar Inc. vs Deere & Company

Prices at close . Model readings .

Caterpillar Inc.

$713.38+0.01%
Month: positiveLong run: neutral

Deere & Company

$640.67+0.17%
Month: positiveLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Caterpillar Inc. is the larger company by market value ($329.94B against $173.43B). Over the past year Caterpillar Inc. returned +36.2% and Deere & Company +35.2%, while the S&P 500 returned +12.7%. The latest filed P/E is 37.3 for Caterpillar Inc. and 31.4 for Deere & Company, and the operating margin 20.9% against -5%. Over the next 21 sessions the model expects +0.47% for Caterpillar Inc., with a 73% chance of a rise, and +0.09% for Deere & Company, with a 71% chance. Caterpillar Inc.'s long-run fair value is $724.08, a gap of +1.5% to its price; the long-run model view is neutral. Deere & Company's long-run fair value is $611.31, a gap of −4.6% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
CAT+0.47%
DE+0.09%
Chance of a risenext 21 sessions
CAT73%
DE71%
Expected returnnext 63 sessions
CAT+2.18%
DE+1.29%
Range of outcomes63 sessions, 80% band
CAT−21% to +25.4%
DE−18.6% to +21.2%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
CAT$724.0828 Oct 2026
DE$611.3128 Oct 2026
Gap to pricefair value against the close
CAT+1.5%
DE−4.6%
Past readings that matchedsign of the 21-session outcome
CAT71.7%of 269
DE69.5%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
CAT−13.7%
DE−5.6%
6 monthsS&P 500: +8.5%
CAT−11.8%
DE+14.7%
Year to dateS&P 500: +13.3%
CAT+25.3%
DE+38.4%
1 yearS&P 500: +12.7%
CAT+36.2%
DE+35.2%
5 yearsS&P 500: +70.7%
CAT+280.7%
DE+98.3%
1 year against the S&P 500percentage points
CAT+23.5 pts
DE+22.5 pts
Position in the 52-week range0% low, 100% high
CAT35%close $713.38 in $518.50 to $1,071.47
DE71%close $640.67 in $450.44 to $719.50
Against the 200-day average
CAT−11.8%
DE+6.5%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (CAT), (DE)
Market value
CAT$329.94B28 Oct 2026
DE$173.43B28 Oct 2026
Enterprise valueat the last filing
CAT—Not in the latest filing data.
DE$168.62B2 Aug 2026
P/Elatest filed
CAT37.3
DE31.4
Price to book
CAT25.40
DE5.73
EV / EBITDA
CAT32.58
DE-178.44
Free cash flow yield
CAT2.17%
DE3.75%
Dividend yield
CAT0.57%
DE1.09%
Questions

Caterpillar Inc. or Deere & Company: common questions

Which is larger by market value, Caterpillar Inc. or Deere & Company?

Caterpillar Inc., at $329.94B against $173.43B for Deere & Company, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Caterpillar Inc. or Deere & Company?

Caterpillar Inc. has the higher latest filed P/E, 37.3; Deere & Company's is 31.4. Filings: quarter to 30 Jun 2026 and 2 Aug 2026.

How did Caterpillar Inc. and Deere & Company move over the past year against the S&P 500?

Over the past year Caterpillar Inc. returned +36.2% and Deere & Company +35.2%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Caterpillar Inc. and Deere & Company over the next month?

+0.47% for Caterpillar Inc. with a 73% chance of a rise, and +0.09% for Deere & Company with a 71% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Caterpillar Inc. and Deere & Company compare?

The operating margin is 20.9% for Caterpillar Inc. and -5% for Deere & Company, and the gross margin 37.8% against 14.9%. Filings: quarter to 30 Jun 2026 and 2 Aug 2026.

Do Caterpillar Inc. and Deere & Company shares move together?

Over the past year the correlation of their daily returns was 0.41 (loosely together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesCaterpillar Inc. (CAT) forecast and analysisDeere & Company (DE) forecast and analysis
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BrowseAll Industrials companiesAll comparisonsHow the model readings are made

Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.