★ WIDE MOAT STOCKS COMPARISON ★

Checking

Stock Comparison

Caterpillar Inc. vs Deere & Company

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Caterpillar Inc.

CAT · New York Stock Exchange

Market cap (USD)$419.2B
Gross margin (TTM)33.9%
Operating margin (TTM)17.5%
Net margin (TTM)14.5%
SectorIndustrials
IndustryAgricultural - Machinery
CountryUS
Data as of2026-07-12
Moat score
75/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Caterpillar Inc.'s moat claims, evidence, and risks.

View CAT analysis

Deere & Company

DE · New York Stock Exchange

Market cap (USD)$156.4B
Gross margin (TTM)35.4%
Operating margin (TTM)18.4%
Net margin (TTM)10.2%
SectorIndustrials
IndustryAgricultural - Machinery
CountryUS
Data as of2026-08-10
Moat score
72/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Deere & Company's moat claims, evidence, and risks.

View DE analysis

Comparison highlights

  • Moat score gap: Caterpillar Inc. leads (75 / 100 vs 72 / 100 for Deere & Company).
  • Segment focus: Caterpillar Inc. has 5 segments (37.4% in Construction Industries); Deere & Company has 4 segments (34.3% in Production & Precision Agriculture).
  • Moat breadth: Caterpillar Inc. has 5 moat types across 2 domains; Deere & Company has 4 across 2.

Primary market context

Caterpillar Inc.

Construction Industries

Market

Construction equipment and aftermarket services

Geography

Global

Customer

Construction contractors, rental fleets, dealers

Role

OEM + aftermarket parts/service

Revenue share

37.4%

Deere & Company

Production & Precision Agriculture

Market

Large-scale agricultural equipment and integrated precision agriculture technology

Geography

Global

Customer

Production-scale growers; dealer/retail channels

Role

OEM + precision ag platform provider

Revenue share

34.3%

Side-by-side metrics

Caterpillar Inc.
Deere & Company
Ticker / Exchange
CAT - New York Stock Exchange
DE - New York Stock Exchange
Market cap (USD)
$419.2B
$156.4B
Gross margin (TTM)
33.9%
35.4%
Operating margin (TTM)
17.5%
18.4%
Net margin (TTM)
14.5%
10.2%
Sector
Industrials
Industrials
Industry
Agricultural - Machinery
Agricultural - Machinery
HQ country
US
US
Primary segment
Construction Industries
Production & Precision Agriculture
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
75 / 100
72 / 100
Moat domains
Supply, Demand
Demand, Supply
Last update
2026-07-12
2026-08-10

Moat coverage

Shared moat types

Service Field NetworkSuite Bundling

Caterpillar Inc. strengths

Distribution ControlInstalled Base ConsumablesCapex Knowhow Scale

Deere & Company strengths

Data Workflow LockinBrand Trust

Segment mix

Caterpillar Inc. segments

Full profile >

Construction Industries

Oligopoly

37.4%

Resource Industries

Oligopoly

19.8%

Power & Energy

Oligopoly

36.7%

Financial Products

Competitive

5.7%

All Other

Competitive

0.4%

Deere & Company segments

Full profile >

Production & Precision Agriculture

Oligopoly

34.3%

Small Agriculture & Turf

Competitive

26.5%

Construction & Forestry

Oligopoly

28.9%

Financial Services

Competitive

10.3%

Act on this comparison

Turn a two-stock debate into a systemSee the systematic rankings that surface stocks like CAT and DE, with backtests and current holdings.

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.