CAT vs. MOD
CAT (Caterpillar Inc.) and MOD (Modine Manufacturing Company) are both stocks. CAT operates in Farm & Heavy Construction Machinery (Industrials), while MOD operates in Auto Parts (Consumer Cyclical). Over the past 10 years, CAT returned 32.10%/yr vs 40.26%/yr for MOD. At a 0.37 correlation, their price movements are largely independent.
Performance
CAT vs. MOD - Performance Comparison
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Returns By Period
In the year-to-date period, CAT achieves a 72.82% return, which is significantly lower than MOD's 122.73% return. Over the past 10 years, CAT has underperformed MOD with an annualized return of 32.10%, while MOD has yielded a comparatively higher 40.26% annualized return.
CAT
- 1D
- 3.13%
- 1M
- 12.04%
- YTD
- 72.82%
- 6M
- 71.81%
- 1Y
- 176.40%
- 3Y*
- 61.41%
- 5Y*
- 38.86%
- 10Y*
- 32.10%
MOD
- 1D
- 4.75%
- 1M
- 14.14%
- YTD
- 122.73%
- 6M
- 118.40%
- 1Y
- 207.45%
- 3Y*
- 112.48%
- 5Y*
- 80.06%
- 10Y*
- 40.26%
CAT vs. MOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 72.82% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 75.03% |
MOD Modine Manufacturing Company | 122.73% | 15.16% | 94.19% | 200.60% | 96.83% | -19.67% | 63.12% | -28.77% | -46.49% | 35.57% |
Correlation
The correlation between CAT and MOD is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.37 |
Over the past year, CAT and MOD have become more correlated (0.60) than their long-term average of 0.37, meaning their price movements have been converging.
Fundamentals
CAT:
$459.19B
MOD:
$16.06B
CAT:
$20.07
MOD:
$4.66
CAT:
49.12
MOD:
63.80
CAT:
3.25
MOD:
4.12
CAT:
6.54
MOD:
5.01
CAT:
24.61
MOD:
13.35
CAT:
$70.76B
MOD:
$3.18B
CAT:
$23.01B
MOD:
$731.10M
CAT:
$15.31B
MOD:
$276.90M
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Return for Risk
CAT vs. MOD — Risk / Return Rank
CAT
MOD
CAT vs. MOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caterpillar Inc. (CAT) and Modine Manufacturing Company (MOD). 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 | MOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.44 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 12.83 | 7.65 | +5.18 |
| Martin ratioReturn relative to average drawdown | 42.03 | 21.76 | +20.27 |
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Drawdowns
CAT vs. MOD - Drawdown Comparison
The maximum CAT drawdown since its inception was -73.43%, smaller than the maximum MOD drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for CAT and MOD.
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Drawdown Indicators
| CAT | MOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -97.53% | +24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -27.55% | +13.67% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -51.61% | +17.56% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -56.14% | +22.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.36% | -88.13% | +44.77% |
Current DrawdownCurrent decline from peak | 0.00% | -3.10% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -19.73% | -37.65% | +17.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 9.67% | -5.44% |
Volatility
CAT vs. MOD - Volatility Comparison
The current volatility for Caterpillar Inc. (CAT) is 12.57%, while Modine Manufacturing Company (MOD) has a volatility of 22.74%. This indicates that CAT experiences smaller price fluctuations and is considered to be less risky than MOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAT | MOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 22.74% | -10.17% |
Volatility (6M)Calculated over the trailing 6-month period | 28.09% | 50.04% | -21.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.27% | 66.83% | -31.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.80% | 60.39% | -29.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 58.87% | -27.87% |
Dividends
CAT vs. MOD - Dividend Comparison
CAT's dividend yield for the trailing twelve months is around 0.61%, while MOD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.61% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
MOD Modine Manufacturing Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CAT vs. MOD - Financials Comparison
This section allows you to compare key financial metrics between Caterpillar Inc. and Modine Manufacturing Company. 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. MOD - Profitability Comparison
CAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
MOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a gross profit of 214.70M and revenue of 954.40M. Therefore, the gross margin over that period was 22.5%.
CAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.
MOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported an operating income of 96.40M and revenue of 954.40M, resulting in an operating margin of 10.1%.
CAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.
MOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a net income of 201.50M and revenue of 954.40M, resulting in a net margin of 21.1%.
Frequently Asked Questions
CAT and MOD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOD has higher volatility (22.74%) compared to CAT (12.57%). In terms of maximum drawdown, CAT dropped -73.43% vs MOD's -97.53%.
CAT currently has the higher Sharpe Ratio (5.05 vs 3.16), 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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