CAT vs. EME: Caterpillar vs. EMCOR Stock Comparison

November 11, 2026

How do Caterpillar (CAT) and EMCOR (EME) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Caterpillar (CAT) and EMCOR (EME) both fall under the Capital Goods industry group, but CAT is classified in Machinery while EME is classified in Construction & Engineering.

Company profile comparison for Caterpillar (CAT) and EMCOR (EME)
Profile Item	CAT	EME
Name	Caterpillar Inc.	EMCOR Group, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Construction & Engineering
GICS Sub-Industry	Construction Machinery & Heavy Transportation Equipment	Construction & Engineering
Market Capitalization	255.63 billion USD	26.64 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	January 10, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CAT

EME

GSPC

Caterpillar (CAT) vs. EMCOR (EME), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Caterpillar (CAT) and EMCOR (EME). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Caterpillar (CAT) and EMCOR (EME). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
Total Return (1Y)	6.75%	0.07%
Total Return (3Y, Annualized)	38.34%	46.16%
Total Return (5Y, Annualized)	25.28%	38.01%

Risk Profile

Drawdown History

CAT

EME

GSPC

Caterpillar (CAT) vs. EMCOR (EME), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Caterpillar (CAT) and EMCOR (EME). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
Volatility (1Y, Annualized)	41.33%	43.79%
Beta (5Y)	1.65	1.17
Max Drawdown (5Y)	-47.79%	-36.85%
Avg. Volume (3M)	2.82M	402.73K

Risk-Adjusted Performance

Risk-Return Positioning

CAT and EME are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
Sharpe Ratio (1Y)	0.06	-0.10
Sortino Ratio (1Y)	0.08	-0.14

Profitability

ROE (TTM)

Both companies show strong equity returns, but Caterpillar (CAT) at 56.14% is the standout with ROE above its industry range; EMCOR (EME) at 40.55% also sits in the top quartile.

CAT

Capital Goods industry group

56.14%

CAT: 56.14%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

EME

Capital Goods industry group

40.55%

EME: 40.55%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Caterpillar (CAT) at 15.21% retains a top-quartile share of revenue as profit, ahead of EMCOR (EME) at 7.78%, which keeps about the industry-typical share.

CAT

Capital Goods industry group

15.21%

Max: 27.47%
CAT: 15.21%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

EME

Capital Goods industry group

7.78%

Max: 27.47%
Q3: 12.10%
EME: 7.78%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Caterpillar (CAT) at 20.19% operates in the top operating margin quartile, ahead of EMCOR (EME) at 10.46%, which runs around its industry’s norm.

CAT

Capital Goods industry group

20.19%

Max: 36.60%
CAT: 20.19%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

EME

Capital Goods industry group

10.46%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
EME: 10.46%
Q1: 5.14%
Min: -12.63%

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
ROE (TTM)	56.14%	40.55%
ROA (TTM)	9.09%	12.33%
Net Margin (TTM)	15.21%	7.78%
Operating Margin (TTM)	20.19%	10.46%
Gross Margin (TTM)	29.54%	19.59%

Growth

Revenue Growth

Both Caterpillar (CAT) at 4.29% and EMCOR (EME) at 16.62% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their Revenue Growth across different time periods.

EPS Growth

EMCOR (EME) at 30.99% sits in the top EPS growth quartile, while Caterpillar (CAT) at -14.69% is closer to the peer norm — faster per-share earnings growth for EME.

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
Revenue Growth (YoY)	4.29%	16.62%
Revenue Growth (3Y CAGR)	4.38%	15.32%
EPS Growth (YoY)	-14.69%	30.99%
EPS Growth (3Y CAGR)	14.17%	51.54%

Financial Strength

Current Ratio (MRQ)

Both Caterpillar (CAT) at 1.42 and EMCOR (EME) at 1.17 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

CAT

Capital Goods industry group

1.42

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
CAT: 1.42
Min: 0.36

EME

Capital Goods industry group

1.17

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
EME: 1.17
Min: 0.36

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

EMCOR (EME) at 0.13 keeps leverage in the lower quartile, while Caterpillar (CAT) at 2.10 sits in the higher-leverage quartile.

CAT

Capital Goods industry group

2.10

Max: 2.33
CAT: 2.10
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

EME

Capital Goods industry group

0.13

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
EME: 0.13
Min: 0.00

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
Current Ratio (MRQ)	1.42	1.17
Debt / Equity (MRQ)	2.10	0.13
Net Debt / EBITDA	2.25	-0.10

Dividends

Dividend Yield (TTM)

Both Caterpillar (CAT) at 1.13% and EMCOR (EME) at 0.07% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CAT

Capital Goods industry group

1.13%

Max: 2.66%
Q3: 1.14%
CAT: 1.13%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

EME

Capital Goods industry group

0.07%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
EME: 0.07%
Q1: 0.00%
Min: 0.00%

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Caterpillar (CAT) at 24.18% and EMCOR (EME) at 4.19% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CAT

Capital Goods industry group

24.18%

Max: 67.39%
Q3: 28.02%
CAT: 24.18%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

EME

Capital Goods industry group

4.19%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
EME: 4.19%
Q1: 0.00%
Min: 0.00%

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
Dividend Yield (TTM)	1.13%	0.07%
Dividend Payout Ratio (TTM)	24.18%	4.19%

Valuation

P/E Ratio (TTM)

EMCOR (EME) at 17.59 sits in the cheaper P/E ratio quartile, while Caterpillar (CAT) at 21.92 is closer to its industry’s usual earnings multiple — a discount for EME, though growth and earnings durability still matter.

CAT

Capital Goods industry group

21.92

Max: 59.38
Q3: 35.92
Median: 25.41
CAT: 21.92
Q1: 19.47
Min: 3.03

EME

Capital Goods industry group

17.59

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
EME: 17.59
Min: 3.03

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Caterpillar (CAT) at 3.29 and EMCOR (EME) at 1.34 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CAT

Capital Goods industry group

3.29

Max: 7.54
Q3: 3.76
CAT: 3.29
Median: 2.15
Q1: 1.03
Min: 0.03

EME

Capital Goods industry group

1.34

Max: 7.54
Q3: 3.76
Median: 2.15
EME: 1.34
Q1: 1.03
Min: 0.03

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: EMCOR (EME) at 6.26 sits in the upper P/B ratio quartile, and Caterpillar (CAT) at 11.90 prices even higher, above its industry range.

CAT

Capital Goods industry group

11.90

CAT: 11.90
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

EME

Capital Goods industry group

6.26

Max: 9.66
EME: 6.26
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Caterpillar (CAT) vs. EMCOR (EME): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Caterpillar (CAT) and EMCOR (EME)
Metric	CAT	EME
P/E Ratio (TTM)	21.92	17.59
P/S Ratio (TTM)	3.29	1.34
P/B Ratio (MRQ)	11.90	6.26
Free Cash Flow Yield (TTM)	1.55%	4.82%