CAT vs HPQ
Caterpillar Inc. and HP Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CAT | HPQ |
|---|---|---|
| Revenue | $67.6B | $55.3B |
| Net income | $8.9B | $2.5B |
| Gross margin | 99.9% | 20.6% |
| Net margin | 13.1% | 4.6% |
| Return on equity | 43.5% | · |
| Diluted EPS | $18.81 | $2.65 |
| Dividend / share | $5.94 | $1.16 |
| Payout ratio | 31.0% | 43.0% |
| Free cash flow | $8.9B | $2.8B |
| Equity | · | $-346.0M |
| Net debt / equity | 1.23× | · |
| Current ratio | 1.44× | 0.77× |
| Revenue CAGR 5y | 10.1% | −0.5% |
| Profit CAGR 5y | 24.2% | −2.1% |
CAT bills 1.2× the revenue of HPQ, and keeps more of each dollar of revenue as profit (13.1% against 4.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CAT | HPQ |
|---|---|---|
| FY2025 | $67.6B | $55.3B |
| FY2024 | $64.8B | $53.6B |
| FY2023 | $67.1B | $53.7B |
| FY2022 | $59.4B | $62.9B |
| FY2021 | $51.0B | $63.5B |
| FY2020 | $41.7B | $56.6B |
| FY2019 | $53.8B | $58.8B |
| FY2018 | $54.7B | $58.5B |
| FY2017 | $45.5B | $52.1B |
| FY2016 | $38.5B | $48.2B |
Bottom line
| Fiscal year | CAT | HPQ |
|---|---|---|
| FY2025 | $8.9B | $2.5B |
| FY2024 | $10.8B | $2.8B |
| FY2023 | $10.3B | $3.3B |
| FY2022 | $6.7B | $3.1B |
| FY2021 | $6.5B | $6.5B |
| FY2020 | $3.0B | $2.8B |
| FY2019 | $6.1B | $3.2B |
| FY2018 | $6.1B | $5.3B |
| FY2017 | $759.0M | $2.5B |
| FY2016 | $-59.0M | $2.5B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$12,294,000,000 | CAT |
| FY2024 | +$11,250,000,000 | CAT |
| FY2023 | +$13,342,000,000 | CAT |
| FY2022 | −$3,483,000,000 | HPQ |
| FY2021 | −$12,489,000,000 | HPQ |
| FY2020 | −$14,890,000,000 | HPQ |
| FY2019 | −$4,956,000,000 | HPQ |
| FY2018 | −$3,750,000,000 | HPQ |
| FY2017 | −$6,594,000,000 | HPQ |
| FY2016 | −$9,701,000,000 | HPQ |
| FY2015 | −$4,452,000,000 | HPQ |
| FY2014 | −$1,467,000,000 | HPQ |
| FY2013 | −$56,642,000,000 | HPQ |
| FY2012 | −$54,482,000,000 | HPQ |
| FY2011 | −$67,107,000,000 | HPQ |
| FY2010 | −$83,445,000,000 | HPQ |
| FY2009 | −$82,156,000,000 | HPQ |
| FY2008 | −$67,040,000,000 | HPQ |
| FY2007 | −$59,328,000,000 | HPQ |
The higher-revenue side has changed between CAT and HPQ over this period. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +8.6 pp | CAT |
| FY2024 | +11.5 pp | CAT |
| FY2023 | +9.3 pp | CAT |
| FY2022 | +6.3 pp | CAT |
| FY2021 | +2.4 pp | CAT |
| FY2020 | +2.2 pp | CAT |
| FY2019 | +6.0 pp | CAT |
| FY2018 | +2.1 pp | CAT |
| FY2017 | −3.2 pp | HPQ |
| FY2016 | −5.3 pp | HPQ |
| FY2015 | −3.5 pp | HPQ |
| FY2014 | −4.4 pp | HPQ |
| FY2013 | +2.3 pp | CAT |
| FY2012 | +19.2 pp | CAT |
| FY2011 | +2.7 pp | CAT |
| FY2010 | −0.5 pp | HPQ |
| FY2009 | −4.2 pp | HPQ |
| FY2008 | −0.1 pp | HPQ |
| FY2007 | +0.9 pp | CAT |
The higher net margin has changed hands between CAT and HPQ over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CAT's net margin has been more volatile than HPQ's over the 19 comparable fiscal years — 4.4 percentage points of standard deviation against 4.1.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CAT and HPQ over these 19 fiscal years — CAT led in 12 and HPQ in 7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HPQ's return on equity has been more volatile than CAT's over the 9 comparable fiscal years — 19.2 percentage points of standard deviation against 12.8.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CAT and HPQ over these 9 fiscal years — CAT led in 5 and HPQ in 4.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.