CAT vs. BE
CAT (Caterpillar Inc.) and BE (Bloom Energy Corporation) are both stocks. Both are in the Industrials sector — CAT in Farm & Heavy Construction Machinery, BE in Electrical Equipment & Parts. Over the past 5 years, CAT returned 33.84%/yr vs 56.68%/yr for BE. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
CAT vs. BE - Performance Comparison
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Returns By Period
In the year-to-date period, CAT achieves a 43.10% return, which is significantly lower than BE's 136.86% return.
CAT
- 1D
- 0.70%
- 1M
- -17.66%
- 6M
- 24.42%
- YTD
- 43.10%
- 1Y
- 87.70%
- 3Y*
- 43.33%
- 5Y*
- 33.84%
- 10Y*
- 28.72%
- ALL TIME*
- 10.47%
BE
- 1D
- -0.63%
- 1M
- -28.91%
- 6M
- 35.96%
- YTD
- 136.86%
- 1Y
- 450.44%
- 3Y*
- 126.68%
- 5Y*
- 56.68%
- 10Y*
- —
- ALL TIME*
- 34.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.07B | $3.66B | $3.50B | |
| $2.66B | $2.67B | $2.93B |
CAT vs. BE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 43.10% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -7.31% |
BE Bloom Energy Corporation | 136.86% | 291.22% | 50.07% | -22.59% | -12.81% | -23.48% | 283.67% | -25.15% | -46.63% |
Correlation
The correlation between CAT and BE is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018 | 0.34 |
Over the past year, CAT and BE have become more correlated (0.55) than their long-term average of 0.34, meaning their price movements have been converging.
Fundamentals
CAT:
$375.33B
BE:
$60.62B
CAT:
$20.10
BE:
$0.86
CAT:
40.53
BE:
239.80
CAT:
5.40
BE:
18.87
CAT:
20.34
BE:
41.28
CAT:
$70.76B
BE:
$3.11B
CAT:
$23.01B
BE:
$972.69M
CAT:
$15.31B
BE:
$309.03M
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Return for Risk
CAT vs. BE — Risk / Return Rank
CAT
BE
CAT vs. BE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caterpillar Inc. (CAT) and Bloom Energy Corporation (BE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CAT | BE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 8.63 | -5.28 |
| Martin ratioReturn relative to average drawdown | 13.81 | 24.90 | -11.09 |
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Drawdowns
CAT vs. BE - Drawdown Comparison
The maximum CAT drawdown since its inception was -73.43%, smaller than the maximum BE drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for CAT and BE.
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Drawdown Indicators
| CAT | BE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -92.54% | +19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -26.36% | -52.65% | +26.29% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -52.65% | +18.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -75.87% | +41.82% |
Max Drawdown (10Y)Largest decline over 10 years | -43.36% | — | — |
Current DrawdownCurrent decline from peak | -23.34% | -40.49% | +17.15% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -51.49% | +31.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.41% | 18.20% | -11.79% |
Volatility
CAT vs. BE - Volatility Comparison
The current volatility for Caterpillar Inc. (CAT) is 11.37%, while Bloom Energy Corporation (BE) has a volatility of 42.49%. This indicates that CAT experiences smaller price fluctuations and is considered to be less risky than BE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAT | BE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.37% | 42.49% | -31.12% |
Volatility (6M)Calculated over the trailing 6-month period | 31.53% | 84.76% | -53.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.11% | 114.50% | -75.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.62% | 88.73% | -57.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.31% | 96.71% | -65.40% |
Dividends
CAT vs. BE - Dividend Comparison
CAT's dividend yield for the trailing twelve months is around 0.76%, while BE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BE Bloom Energy Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CAT Caterpillar Inc. | 0.76% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
Financials
CAT vs. BE - Financials Comparison
This section allows you to compare key financial metrics between Caterpillar Inc. and Bloom Energy Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CAT vs. BE - Profitability Comparison
CAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.
BE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Bloom Energy Corporation reported a gross profit of 355.57M and revenue of 1.07B. Therefore, the gross margin over that period was 33.4%.
CAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.
BE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Bloom Energy Corporation reported an operating income of 182.24M and revenue of 1.07B, resulting in an operating margin of 17.1%.
CAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.
BE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Bloom Energy Corporation reported a net income of 196.29M and revenue of 1.07B, resulting in a net margin of 18.4%.
Frequently Asked Questions
CAT and BE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BE has higher volatility (42.49%) compared to CAT (11.37%). In terms of maximum drawdown, CAT dropped -73.43% vs BE's -92.54%.
BE currently has the higher Sharpe Ratio (3.97 vs 2.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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