CAT vs UNP
Caterpillar (CAT) and Union Pacific (UNP) compared side by side. Caterpillar (CAT) is larger, with a market cap of $315.8B versus $174.0B for Union Pacific, about 1.8 times the size. On trailing earnings, UNP is cheaper at 22.8x versus 29.6x for CAT.
Head to head
| Metric | CAT | UNP |
|---|---|---|
| Market cap | $315.8B | $174.0B |
| P/E (TTM) | 29.6x | 22.8x |
| Forward P/E | 21.1x | 20.4x |
| Revenue (TTM) | $74.7B | $26.4B |
| Revenue growth | 24.0% | 15.3% |
| Gross margin | 29.7% | 55.8% |
| Operating margin | 22.2% | 41.3% |
| Free cash flow | $9.0B | $6.5B |
| Dividend yield | 0.95% | 1.94% |
| 1-year return | +32.8% | +35.9% |
| 5-year return (annual) | +30.0% | +6.6% |
| Max drawdown | -73% | -66% |
| FI Handbook grade | B- | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
CAT vs UNP FAQ
Which is bigger, CAT or UNP?
Caterpillar (CAT) is larger, with a market cap of $315.8B versus $174.0B for Union Pacific, about 1.8 times the size.
Is CAT or UNP cheaper?
On trailing earnings, UNP is cheaper at 22.8x versus 29.6x for CAT. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, CAT or UNP?
UNP returned +35.9% over the past year including dividends, versus +32.8% for CAT, through October 23, 2026.
Which pays a higher dividend, CAT or UNP?
UNP yields 1.94% versus 0.95% for CAT.
Full pages: Caterpillar · Union Pacific