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Caterpillar vs CNH Industrial N.V.: CAT and CNH compared
Caterpillar is the larger company: $20.7B of revenue in its latest quarter (Q3 2026) against $4.8B for CNH Industrial N.V. (Q2 2026). Caterpillar is growing faster (+17% against +2% a year earlier). Caterpillar is more profitable, with an operating margin of 20.4% against 3.8%.
Where the money goes: CAT and CNH
Caterpillar (CAT) · Q3 2026
Caterpillar, Q3 2026: revenue $20.7B (+17% year over year), operating margin 20.4%, net earnings $3.3B, operating cash flow $4.4B. The chart follows the revenue to costs, profit and cash.
CNH Industrial N.V. (CNH) · Q2 2026
CNH Industrial N.V., Q2 2026: revenue $4.8B (+2% year over year), operating margin 3.8%, net earnings $141M, operating cash flow $145M. The chart follows the revenue to costs, profit and cash.
| Caterpillar (CAT) | CNH Industrial N.V. (CNH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $20.7B | $4.8B |
| Revenue growth, Y/Y | +17% | +2% |
| Operating margin | 20.4% | 3.8% |
| Net earnings | $3.3B | $141M |
| Net margin | 15.9% | 2.9% |
| Operating cash flow | $4.4B | $145M |
| Free cash flow | $3.7B | — |
| Market value | $255.2B | $14.0B |
| P/E | 21.7× | 53.7× |
| Analysts’ mean target | $823.41 | $14.25 |
Where the revenue comes from
Caterpillar
- Sales of Machinery, Power & Energy: $19.7B (95%)
- Financial Products: $1.0B (5%)
CNH Industrial N.V.
- Total Industrial Activities: $4.1B (86%)
- Financial Services: $656M (14%)
Questions
Which is bigger, Caterpillar or CNH Industrial N.V.?
Caterpillar is the larger company: $20.7B of revenue in its latest quarter (Q3 2026) against $4.8B for CNH Industrial N.V. (Q2 2026).
Is Caterpillar or CNH Industrial N.V. growing faster?
Caterpillar is growing faster (+17% against +2% a year earlier).
Which is more profitable, Caterpillar or CNH Industrial N.V.?
Caterpillar is more profitable, with an operating margin of 20.4% against 3.8%.
More: Caterpillar earnings · how Caterpillar makes money · CNH Industrial N.V. earnings · how CNH Industrial N.V. makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 3, 2026). Fiscal quarters can end on different dates. Not investment advice.