CAT vs DELL: Which Is the Better Buy?
Side-by-side comparison of Caterpillar Inc. and Dell Technologies Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-21.
Caterpillar Inc. · Industrials
$808.99
-2.2% upside to fair value
Med Conviction
Grade C
High Quality
VS
Dell Technologies Inc. · Technology
$569.00
-32.5% upside to fair value
Low Conviction
Grade C
QuantHub Verdict
CAT has more upside to fair value
(-2.2%).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CAT |
DELL |
| Current Price |
$808.99 |
$569.00 |
| Fair Value Estimate |
$790.88 |
$383.93 |
| Upside to Fair Value |
-2.2%
|
-32.5%
|
| Market Cap |
$372.6B |
$378.0B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
23.6x
|
21.8x
|
| Price / Sales |
5.0x
|
2.5x
|
| Price / FCF |
41.4x
|
42.9x
|
| Revenue Growth YoY |
+24.0%
|
+57.7%
|
| Gross Margin |
33.9%
|
19.8%
|
| Operating Margin |
17.5%
|
9.6%
|
| Return on Equity |
54.1%
|
-574.6%
|
| Dividend Yield |
0.76% |
0.41% |
| FCF Yield |
2.41%
|
2.33%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
Caterpillar is the world's premier manufacturer of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines, organized across Construction Industries, Resource Industries, Energy & Transportation, and Financial Products, with 118,000 employees and a century-old brand. Business quality is high: return on equity of 54.1%, TTM operating margin of 17.5%…
Dell Technologies is a $378 billion market-cap computer hardware vendor spanning Infrastructure Solutions Group (servers, storage, networking), Client Solutions Group (PCs, displays, peripherals), and a VMware-related software franchise, led by founder-CEO Michael Dell. The business is fundamentally low-quality on the numbers: TTM gross margin is 19.8%, operating margin 9.6%, and net margin 7.5%,…
Accumulation Zones
| Metric |
CAT |
DELL |
| Zone Low |
$593.16 |
$287.95 |
| Zone High |
$672.25 |
$326.34 |
| In Buy Zone? |
No
|
No
|