CAT vs SMCI
Caterpillar Inc. and Super Micro Computer, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CAT | SMCI |
|---|---|---|
| Revenue | $67.6B | $39.1B |
| Net income | $8.9B | $2.2B |
| Gross margin | 99.9% | 10.8% |
| Net margin | 13.1% | 5.7% |
| Return on equity | 43.5% | 21.5% |
| Diluted EPS | $18.81 | $3.26 |
| Dividend / share | $5.94 | · |
| Payout ratio | 31.0% | · |
| Free cash flow | $8.9B | $-7.0B |
| Equity | · | $14.5B |
| Net debt / equity | 1.23× | · |
| Current ratio | 1.44× | 3.87× |
| Revenue CAGR 5y | 10.1% | 61.5% |
| Profit CAGR 5y | 24.2% | 81.9% |
CAT bills 1.7× the revenue of SMCI, and keeps more of each dollar of revenue as profit (13.1% against 5.7%).
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 | SMCI |
|---|---|---|
| FY2025 | $67.6B | $39.1B |
| FY2024 | $64.8B | $22.0B |
| FY2023 | $67.1B | $15.0B |
| FY2022 | $59.4B | $7.1B |
| FY2021 | $51.0B | $5.2B |
| FY2020 | $41.7B | $3.6B |
| FY2019 | $53.8B | $3.3B |
| FY2018 | $54.7B | $3.5B |
| FY2017 | $45.5B | $3.4B |
| FY2016 | $38.5B | $2.5B |
Bottom line
| Fiscal year | CAT | SMCI |
|---|---|---|
| FY2025 | $8.9B | $2.2B |
| FY2024 | $10.8B | $1.0B |
| FY2023 | $10.3B | $1.2B |
| FY2022 | $6.7B | $640.0M |
| FY2021 | $6.5B | $285.2M |
| FY2020 | $3.0B | $111.9M |
| FY2019 | $6.1B | $84.3M |
| FY2018 | $6.1B | $71.9M |
| FY2017 | $759.0M | $46.2M |
| FY2016 | $-59.0M | $66.9M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$28,525,928,000 | CAT |
| FY2024 | +$42,836,958,000 | CAT |
| FY2023 | +$52,070,749,000 | CAT |
| FY2022 | +$52,303,518,000 | CAT |
| FY2021 | +$45,774,901,000 | CAT |
| FY2020 | +$38,190,578,000 | CAT |
| FY2019 | +$50,460,719,000 | CAT |
| FY2018 | +$51,221,640,000 | CAT |
| FY2017 | +$42,101,508,000 | CAT |
| FY2016 | +$36,052,071,000 | CAT |
| FY2015 | +$44,785,978,000 | CAT |
| FY2014 | +$53,229,647,000 | CAT |
| FY2013 | +$54,188,798,000 | CAT |
| FY2012 | +$64,712,439,000 | CAT |
| FY2011 | +$59,124,126,000 | CAT |
| FY2010 | +$41,645,418,000 | CAT |
| FY2009 | +$31,674,562,000 | CAT |
CAT has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.4 pp | CAT |
| FY2024 | +11.9 pp | CAT |
| FY2023 | +7.7 pp | CAT |
| FY2022 | +2.3 pp | CAT |
| FY2021 | +7.3 pp | CAT |
| FY2020 | +4.0 pp | CAT |
| FY2019 | +8.8 pp | CAT |
| FY2018 | +9.2 pp | CAT |
| FY2017 | +0.3 pp | CAT |
| FY2016 | −2.8 pp | SMCI |
| FY2015 | +2.1 pp | CAT |
| FY2014 | −0.3 pp | SMCI |
| FY2013 | +3.1 pp | CAT |
| FY2012 | +6.9 pp | CAT |
| FY2011 | +5.3 pp | CAT |
| FY2010 | +2.2 pp | CAT |
| FY2009 | −1.2 pp | SMCI |
The higher net margin has changed hands between CAT and SMCI over this period.
17 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 SMCI's over the 17 comparable fiscal years — 4.7 percentage points of standard deviation against 2.0.
17 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 SMCI over these 17 fiscal years — CAT led in 14 and SMCI in 3.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CAT's return on equity has been more volatile than SMCI's over the 17 comparable fiscal years — 17.1 percentage points of standard deviation against 8.6.
17 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 SMCI over these 17 fiscal years — CAT led in 13 and SMCI in 4.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.