Price to Operating Profit (P/OP)
since 2005
Calculation
Caterpillar Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating profit1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 16, 2024 | 12.40 | = | 321.91 | ÷ | 25.96 | 25.96 | = | 12,966 | ÷ | 499,377,269 | |
| Feb 15, 2023 | 16.25 | = | 248.70 | ÷ | 15.31 | 15.31 | = | 7,904 | ÷ | 516,345,490 | |
| Feb 16, 2022 | 15.87 | = | 203.64 | ÷ | 12.83 | 12.83 | = | 6,878 | ÷ | 535,888,051 | |
| Feb 17, 2021 | 24.23 | = | 202.30 | ÷ | 8.35 | 8.35 | = | 4,553 | ÷ | 545,303,847 | |
| Feb 19, 2020 | 9.08 | = | 136.86 | ÷ | 15.07 | 15.07 | = | 8,290 | ÷ | 550,082,610 | |
| Feb 14, 2019 | 9.20 | = | 132.62 | ÷ | 14.41 | 14.41 | = | 8,293 | ÷ | 575,542,738 | |
| Feb 15, 2018 | 21.70 | = | 159.98 | ÷ | 7.37 | 7.37 | = | 4,406 | ÷ | 597,625,772 | |
| Feb 15, 2017 | 116.61 | = | 99.02 | ÷ | 0.85 | 0.85 | = | 498 | ÷ | 586,486,024 | |
| Feb 16, 2016 | 11.66 | = | 65.21 | ÷ | 5.59 | 5.59 | = | 3,256 | ÷ | 582,321,890 | |
| Feb 17, 2015 | 9.71 | = | 85.38 | ÷ | 8.79 | 8.79 | = | 5,328 | ÷ | 606,166,559 | |
| Feb 18, 2014 | 10.94 | = | 96.56 | ÷ | 8.82 | 8.82 | = | 5,628 | ÷ | 637,822,342 | |
| Feb 19, 2013 | 7.30 | = | 95.60 | ÷ | 13.09 | 13.09 | = | 8,573 | ÷ | 655,048,493 | |
| Feb 21, 2012 | 10.41 | = | 115.00 | ÷ | 11.05 | 11.05 | = | 7,153 | ÷ | 647,533,344 | |
| Feb 22, 2011 | 16.44 | = | 102.01 | ÷ | 6.20 | 6.20 | = | 3,963 | ÷ | 638,822,714 | |
| Feb 19, 2010 | 63.07 | = | 58.25 | ÷ | 0.92 | 0.92 | = | 577 | ÷ | 624,722,719 | |
| Feb 20, 2009 | 3.61 | = | 26.66 | ÷ | 7.39 | 7.39 | = | 4,448 | ÷ | 601,526,641 | |
| Feb 22, 2008 | 9.03 | = | 71.18 | ÷ | 7.89 | 7.89 | = | 4,921 | ÷ | 623,986,134 | |
| Feb 23, 2007 | 8.83 | = | 67.26 | ÷ | 7.62 | 7.62 | = | 4,921 | ÷ | 645,808,176 | |
| Feb 22, 2006 | 12.95 | = | 73.06 | ÷ | 5.64 | 5.64 | = | 3,784 | ÷ | 670,867,219 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Caterpillar Inc. Annual Report.
Comparison to Competitors
Caterpillar Inc., P/OP, long-term trends, comparison to competitors
| Caterpillar Inc. | Boeing Co. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|
| Feb 16, 2024 | 12.40 | — | 12.49 | 34.37 |
| Feb 15, 2023 | 16.25 | — | 14.06 | 26.48 |
| Feb 16, 2022 | 15.87 | — | 11.56 | 28.68 |
| Feb 17, 2021 | 24.23 | — | 10.63 | — |
| Feb 19, 2020 | 9.08 | — | 14.49 | 15.07 |
| Feb 14, 2019 | 9.20 | 19.08 | 11.62 | 12.16 |
| Feb 15, 2018 | 21.70 | 19.69 | 16.47 | 11.53 |
| Feb 15, 2017 | 116.61 | 17.20 | 13.51 | 10.86 |
| Feb 16, 2016 | 11.66 | 10.36 | 12.17 | 9.71 |
| Feb 17, 2015 | 9.71 | 13.96 | 10.89 | 11.15 |
| Feb 18, 2014 | 10.94 | 14.75 | 11.62 | 10.88 |
| Feb 19, 2013 | 7.30 | 9.09 | 6.40 | 10.73 |
| Feb 21, 2012 | 10.41 | 9.69 | 7.21 | 9.40 |
| Feb 22, 2011 | 16.44 | 10.76 | 6.84 | 10.86 |
| Feb 19, 2010 | 63.07 | 20.91 | 6.47 | 9.67 |
| Feb 20, 2009 | 3.61 | 7.87 | 5.31 | 5.88 |
| Feb 22, 2008 | 9.03 | 11.17 | 9.48 | 9.95 |
| Feb 23, 2007 | 8.83 | 23.81 | 10.84 | 11.11 |
| Feb 22, 2006 | 12.95 | 20.69 | 10.66 | 11.11 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).