FinscoFinsco

Caterpillar — 护城河评估

$打开交互终端运行 `audit moat` 并使用自定义选项。→
资本流向回报率指标盈利质量负债纪律护城河评估
MOAT ASSESSMENT

TICKER: [US.CAT - Caterpillar]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


Parameter  Value
----------------
WACC         10%
Tax Rate   21.0%


[~] ROIC Quality: Median 12.7%
    ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 48.3%
    ↳ CoV < 10% = highly stable
[~] Gross Margin Stability: 11.0%
    ↳ CoV < 10% = stable pricing power
[~] Economic Moat (ROIC-WACC): 2.7%
    ↳ > 5% = creating economic value


Metric  Gross Margin      ROIC
------------------------------
Mean           29.1%     11.6%
Median         29.2%     12.7%
Max            36.0%     21.3%
Min            25.1%      2.7%
StdDev          3.2%      5.6%
CoV            11.0%     48.3%
Slope       0.55%/yr  0.75%/yr
R²               67%       36%


[DATA]


Period       Revenue  Gross Profit    GM%   ROIC  ROIC-WACC
-----------------------------------------------------------
2010 ANNUAL   42.59B        11.31B  26.5%      -          -
2011 ANNUAL   60.14B        15.73B  26.2%  13.1%       3.1%
2012 ANNUAL   65.88B        18.02B  27.4%  13.8%       3.8%
2013 ANNUAL   55.66B        14.20B  25.5%   7.7%      -2.3%
2014 ANNUAL   55.18B        13.84B  25.1%   4.6%      -5.4%
2015 ANNUAL   47.01B        12.88B  27.4%   5.5%      -4.5%
2016 ANNUAL   38.54B         9.90B  25.7%   2.7%      -7.3%
2017 ANNUAL   45.46B        13.56B  29.8%   7.2%      -2.8%
2018 ANNUAL   54.72B        17.00B  31.1%  13.2%       3.2%
2019 ANNUAL   53.80B        16.42B  30.5%  12.7%       2.7%
2020 ANNUAL   41.75B        12.08B  28.9%   7.5%      -2.5%
2021 ANNUAL   50.97B        15.00B  29.4%  12.3%       2.3%
2022 ANNUAL   59.43B        17.51B  29.5%  15.4%       5.4%
2023 ANNUAL   67.06B        23.26B  34.7%  21.3%      11.3%
2024 ANNUAL   64.81B        23.32B  36.0%  20.4%      10.4%
2025 ANNUAL   67.59B        21.48B  31.8%  16.7%       6.7%
audit moat
MOAT ASSESSMENT TICKER: [US.CAT - Caterpillar] PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
Parameter Value
----------------
WACC 10%
Tax Rate 21.0%
[~] ROIC Quality: Median 12.7% ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 48.3% ↳ CoV < 10% = highly stable
[~] Gross Margin Stability: 11.0% ↳ CoV < 10% = stable pricing power
[~] Economic Moat (ROIC-WACC): 2.7% ↳ > 5% = creating economic value
Metric Gross Margin ROIC
------------------------------
Mean 29.1% 11.6%
Median 29.2% 12.7%
Max 36.0% 21.3%
Min 25.1% 2.7%
StdDev 3.2% 5.6%
CoV 11.0% 48.3%
Slope 0.55%/yr 0.75%/yr
R² 67% 36%
[DATA]
Period Revenue Gross Profit GM% ROIC ROIC-WACC
-----------------------------------------------------------
2010 ANNUAL 42.59B 11.31B 26.5% - -
2011 ANNUAL 60.14B 15.73B 26.2% 13.1% 3.1%
2012 ANNUAL 65.88B 18.02B 27.4% 13.8% 3.8%
2013 ANNUAL 55.66B 14.20B 25.5% 7.7% -2.3%
2014 ANNUAL 55.18B 13.84B 25.1% 4.6% -5.4%
2015 ANNUAL 47.01B 12.88B 27.4% 5.5% -4.5%
2016 ANNUAL 38.54B 9.90B 25.7% 2.7% -7.3%
2017 ANNUAL 45.46B 13.56B 29.8% 7.2% -2.8%
2018 ANNUAL 54.72B 17.00B 31.1% 13.2% 3.2%
2019 ANNUAL 53.80B 16.42B 30.5% 12.7% 2.7%
2020 ANNUAL 41.75B 12.08B 28.9% 7.5% -2.5%
2021 ANNUAL 50.97B 15.00B 29.4% 12.3% 2.3%
2022 ANNUAL 59.43B 17.51B 29.5% 15.4% 5.4%
2023 ANNUAL 67.06B 23.26B 34.7% 21.3% 11.3%
2024 ANNUAL 64.81B 23.32B 36.0% 20.4% 10.4%
2025 ANNUAL 67.59B 21.48B 31.8% 16.7% 6.7%