PCAR vs. CAT
PCAR (PACCAR Inc) and CAT (Caterpillar Inc.) are both stocks. Both operate in the Farm & Heavy Construction Machinery industry within the Industrials sector. Over the past 10 years, PCAR returned 16.22%/yr vs 31.52%/yr for CAT. At a 0.49 correlation, their price movements are largely independent.
Performance
PCAR vs. CAT - Performance Comparison
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Returns By Period
In the year-to-date period, PCAR achieves a 5.04% return, which is significantly lower than CAT's 62.36% return. Over the past 10 years, PCAR has underperformed CAT with an annualized return of 16.22%, while CAT has yielded a comparatively higher 31.52% annualized return.
PCAR
- 1D
- 1.32%
- 1M
- 0.32%
- YTD
- 5.04%
- 6M
- 7.33%
- 1Y
- 25.35%
- 3Y*
- 20.34%
- 5Y*
- 16.81%
- 10Y*
- 16.22%
CAT
- 1D
- 1.80%
- 1M
- 5.88%
- YTD
- 62.36%
- 6M
- 57.25%
- 1Y
- 167.95%
- 3Y*
- 62.31%
- 5Y*
- 32.93%
- 10Y*
- 31.52%
PCAR vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCAR PACCAR Inc | 5.04% | 8.03% | 10.81% | 55.01% | 17.00% | 5.63% | 11.74% | 45.05% | -15.32% | 14.82% |
CAT Caterpillar Inc. | 62.36% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 75.03% |
Correlation
The correlation between PCAR and CAT is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 1986 | 0.49 |
The correlation between PCAR and CAT shifts across timeframes, from 0.49 (all time) to 0.62 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PCAR:
$60.32B
CAT:
$431.41B
PCAR:
$4.70
CAT:
$20.07
PCAR:
24.34
CAT:
46.14
PCAR:
1.61
CAT:
3.05
PCAR:
2.21
CAT:
6.14
PCAR:
$27.24B
CAT:
$70.76B
PCAR:
$4.12B
CAT:
$23.01B
PCAR:
$3.38B
CAT:
$15.31B
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Return for Risk
PCAR vs. CAT — Risk / Return Rank
PCAR
CAT
PCAR vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACCAR Inc (PCAR) and Caterpillar Inc. (CAT). 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.
| PCAR | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.72 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 12.18 | -10.51 |
| Martin ratioReturn relative to average drawdown | 4.30 | 40.49 | -36.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCAR | CAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 4.98 | -4.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.08 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 1.02 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.35 | +0.09 |
Drawdowns
PCAR vs. CAT - Drawdown Comparison
The maximum PCAR drawdown since its inception was -66.16%, smaller than the maximum CAT drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for PCAR and CAT.
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Drawdown Indicators
| PCAR | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.16% | -73.43% | +7.27% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -13.88% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.75% | -34.05% | +6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.75% | -34.05% | +6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -37.84% | -43.36% | +5.52% |
Current DrawdownCurrent decline from peak | -11.39% | -0.08% | -11.31% |
Average DrawdownAverage peak-to-trough decline | -14.42% | -19.74% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 4.17% | +1.74% |
Volatility
PCAR vs. CAT - Volatility Comparison
The current volatility for PACCAR Inc (PCAR) is 7.54%, while Caterpillar Inc. (CAT) has a volatility of 11.17%. This indicates that PCAR experiences smaller price fluctuations and is considered to be less risky than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCAR | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 11.17% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 18.74% | 27.09% | -8.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.21% | 33.97% | -7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.70% | 30.62% | -4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.20% | 30.86% | -4.66% |
Dividends
PCAR vs. CAT - Dividend Comparison
PCAR's dividend yield for the trailing twelve months is around 2.40%, more than CAT's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.65% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
PCAR PACCAR Inc | 2.40% | 2.48% | 4.01% | 4.34% | 4.23% | 3.22% | 2.29% | 4.53% | 5.41% | 3.08% | 2.44% | 4.89% |
Financials
PCAR vs. CAT - Financials Comparison
This section allows you to compare key financial metrics between PACCAR Inc and Caterpillar Inc.. 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
PCAR vs. CAT - Profitability Comparison
PCAR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PACCAR Inc reported a gross profit of 817.80M and revenue of 6.23B. Therefore, the gross margin over that period was 13.1%.
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%.
PCAR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PACCAR Inc reported an operating income of 559.10M and revenue of 6.23B, resulting in an operating margin of 9.0%.
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%.
PCAR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PACCAR Inc reported a net income of 605.30M and revenue of 6.23B, resulting in a net margin of 9.7%.
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%.
Frequently Asked Questions
PCAR and CAT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAT has higher volatility (11.17%) compared to PCAR (7.54%). In terms of maximum drawdown, PCAR dropped -66.16% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (4.98 vs 0.97), 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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