InvestMoat

Caterpillar vs Deere

Closer than you think?

Caterpillar wins, 75 to 67, on growth and valuation.

CAT · Industrials

Caterpillar Inc.

…

AccumulateFull analysis

DE · Industrials

Deere & Company

…

Speculative BuyFull analysis

CAT

DE

Composite
75
(higher)
67
Moat
76
76
Growth
75
(higher)
64
Valuation
71
(higher)
65

CAT

DE

Bear
$580
$470
Base
$980
$650
Bull
$1,280
$820
Upside to base
—
—

CAT

DE

Revenue CAGR, 3–5 yr
8-12%
5-8%

CAT

DE

Proprietary Data
Intact
Strong (higher)
Regulatory Lock-In
Intact
Intact
Network Effects
N/A
N/A
Transaction Embedding
Strong
Strong
System of Record
N/A
Intact (higher)
Scale Economics
Strong (higher)
Intact
Brand & Pricing Power
Intact
Intact

CAT

DE

Learned Interfaces
N/A
Intact (higher)
Business Logic
Intact
Intact
Public Data Access
N/A
N/A
Talent Scarcity
Intact
Intact
Bundling
Intact
Intact

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

Which is the better stock, Caterpillar or Deere?

Caterpillar wins, 75 to 67, on growth and valuation. Our rating: Caterpillar Accumulate, Deere Speculative Buy.

Does Caterpillar or Deere have the wider moat?

Both score 76 on moat. Caterpillar is rated stronger on scale economics. Deere is rated stronger on proprietary data.

Which is growing faster, Caterpillar or Deere?

Caterpillar scores 75 on growth to Deere's 64. We expect Caterpillar to grow 8–12% a year, Deere 5–8%.

Is Caterpillar or Deere cheaper right now?

Caterpillar scores 71 on valuation to Deere's 65. In our base case, Caterpillar has more upside: +12% vs 0%.

Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.