PONY
Pony AI Inc. American Depositary Shares
Rental & Leasing Services
Market Cap$2.87B
5Y Perf.-37.4%
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Side-by-side financial analysisPONY
CAT
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Stock Comparison
PONY vs CAT
Revenue, margins, valuation, and 5-year total return — side by side.
CAT
Caterpillar Inc.
Agricultural - Machinery
Market Cap$423.68B
5Y Perf.+124.2%
PONY vs CAT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot |  PONY |  CAT |
|---|---|---|
| Industry | Rental & Leasing Services | Agricultural - Machinery |
| Market Cap | $2.87B | $423.68B |
| Revenue (TTM) | $90M | $70.75B |
| Net Income (TTM) | $-134M | $9.42B |
| Gross Margin | 15.7% | 32.5% |
| Operating Margin | -289.8% | 16.6% |
| Forward P/E | — | 36.9x |
| Total Debt | $15M | $43.33B |
| Cash & Equiv. | $295M | $9.98B |
PONY vs CAT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PONY
CAT
| Stock | Nov 24 | Jun 26 | Return |
|---|---|---|---|
| Pony AI Inc. Americ… (PONY) | 100 | 62.6 | -37.4% |
| Caterpillar Inc. (CAT) | 100 | 224.2 | +124.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PONY vs CAT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CAT leads in 5 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Pony AI Inc. American Depositary Shares is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
🥇CAT emerged as the overall leader. Track its performance:
PONY
Pony AI Inc. American Depositary Shares
The Growth Play
PONY is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 20.3%, EPS growth 85.4%, 3Y rev CAGR 9.7%
- Lower volatility, beta 3.32, Low D/E 0.9%, current ratio 13.67x
- 20.3% revenue growth vs CAT's 4.3%
Best for: growth exposure and sleep-well-at-night
CAT
Caterpillar Inc.
The Income Pick
CAT carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 32 yrs, beta 1.67, yield 0.6%
- 11.7% 10Y total return vs PONY's -32.1%
- Beta 1.67, yield 0.6%, current ratio 1.44x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth |  PONY | 20.3% revenue growth vs CAT's 4.3% |
| Quality / Margins |  CAT | 13.3% margin vs PONY's -148.5% |
| Stability / Safety | CAT | Beta 1.67 vs PONY's 3.32 |
| Dividends | CAT | 0.6% yield, 32-year raise streak, vs PONY's 0.2% |
| Momentum (1Y) | CAT | +153.9% vs PONY's -35.8% |
| Efficiency (ROA) | CAT | 10.0% ROA vs PONY's -11.4%, ROIC 15.9% vs -20.9% |
PONY vs CAT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
PONY vs CAT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCATLAGGINGPONY
PONYPony AI Inc. American…
1leads
CATCaterpillar Inc.
5leads
6 Total Categories
CATEGORYLEADERvs PONYMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
CAT5/6
Valuation MetricsMultiples, price ratios, and targets
PONY2/3
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CAT5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
CAT6/6
Risk & VolatilityBeta, volatility, and downside exposure
CAT2/2
Analyst OutlookRatings, price targets, and dividends
CAT2/2
Income & Cash Flow (Last 12 Months)
CAT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CAT is the larger business by revenue, generating $70.8B annually — 785.0x PONY's $90M. CAT is the more profitable business, keeping 13.3% of every revenue dollar as net income compared to PONY's -148.5%. On growth, CAT holds the edge at +22.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PONYPony AI Inc. Amer… | CATCaterpillar Inc. |
|---|---|---|
| RevenueTrailing 12 months | $90M | $70.8B |
| EBITDAEarnings before interest/tax | -$256M | $14.0B |
| Net IncomeAfter-tax profit | -$134M | $9.4B |
| Free Cash FlowCash after capex | -$209M | $11.4B |
| Gross MarginGross profit ÷ Revenue | +15.7% | +32.5% |
| Operating MarginEBIT ÷ Revenue | -2.9% | +16.6% |
| Net MarginNet income ÷ Revenue | -148.5% | +13.3% |
| FCF MarginFCF ÷ Revenue | -2.3% | +16.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.3% | +22.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +110.8% | +30.2% |
CAT leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
PONY leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | PONYPony AI Inc. Amer… | CATCaterpillar Inc. |
|---|---|---|
| Market CapShares × price | $2.9B | $423.7B |
| Enterprise ValueMkt cap + debt − cash | $2.6B | $457.0B |
| Trailing P/EPrice ÷ TTM EPS | -23.29x | 48.36x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 36.94x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.72x |
| EV / EBITDAEnterprise value multiple | — | 33.92x |
| Price / SalesMarket cap ÷ Revenue | 31.83x | 6.27x |
| Price / BookPrice ÷ Book value/share | 1.81x | 20.03x |
| Price / FCFMarket cap ÷ FCF | — | 41.24x |
PONY leads this category, winning 2 of 3 comparable metrics.
Profitability & Efficiency
CAT leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
CAT delivers a 47.5% return on equity — every $100 of shareholder capital generates $48 in annual profit, vs $-12 for PONY. PONY carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to CAT's 2.03x. On the Piotroski fundamental quality scale (0–9), CAT scores 5/9 vs PONY's 4/9, reflecting solid financial health.
| Metric | PONYPony AI Inc. Amer… | CATCaterpillar Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -12.4% | +47.5% |
| ROA (TTM)Return on assets | -11.4% | +10.0% |
| ROICReturn on invested capital | -20.9% | +15.9% |
| ROCEReturn on capital employed | -19.4% | +19.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.01x | 2.03x |
| Net DebtTotal debt minus cash | -$280M | $33.4B |
| Cash & Equiv.Liquid assets | $295M | $10.0B |
| Total DebtShort + long-term debt | $15M | $43.3B |
| Interest CoverageEBIT ÷ Interest expense | — | 9.22x |
CAT leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
CAT leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CAT five years ago would be worth $42,769 today (with dividends reinvested), compared to $6,792 for PONY. Over the past 12 months, CAT leads with a +153.9% total return vs PONY's -35.8%. The 3-year compound annual growth rate (CAGR) favors CAT at 57.4% vs PONY's -12.1% — a key indicator of consistent wealth creation.
| Metric | PONYPony AI Inc. Amer… | CATCaterpillar Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -49.3% | +52.7% |
| 1-Year ReturnPast 12 months | -35.8% | +153.9% |
| 3-Year ReturnCumulative with dividends | -32.1% | +289.8% |
| 5-Year ReturnCumulative with dividends | -32.1% | +327.7% |
| 10-Year ReturnCumulative with dividends | -32.1% | +1168.9% |
| CAGR (3Y)Annualised 3-year return | -12.1% | +57.4% |
CAT leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
CAT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CAT is the less volatile stock with a 1.67 beta — it tends to amplify market swings less than PONY's 3.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CAT currently trades 96.2% from its 52-week high vs PONY's 32.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PONYPony AI Inc. Amer… | CATCaterpillar Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 3.32x | 1.67x |
| 52-Week HighHighest price in past year | $24.92 | $946.83 |
| 52-Week LowLowest price in past year | $7.95 | $355.70 |
| % of 52W HighCurrent price vs 52-week peak | +32.7% | +96.2% |
| RSI (14)Momentum oscillator 0–100 | 38.6 | 52.5 |
| Avg Volume (50D)Average daily shares traded | 4.3M | 2.4M |
CAT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
CAT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PONY as "Buy" and CAT as "Buy". Consensus price targets imply 182.2% upside for PONY (target: $23) vs -3.1% for CAT (target: $882). For income investors, CAT offers the higher dividend yield at 0.64% vs PONY's 0.21%.
| Metric | PONYPony AI Inc. Amer… | CATCaterpillar Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $23.00 | $882.20 |
| # AnalystsCovering analysts | 2 | 53 |
| Dividend YieldAnnual dividend ÷ price | +0.2% | +0.6% |
| Dividend StreakConsecutive years of raises | 0 | 32 |
| Dividend / ShareAnnual DPS | $0.02 | $5.86 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.2% |
CAT leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
CAT leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PONY leads in 1 (Valuation Metrics).
Best OverallCaterpillar Inc. (CAT)Leads 5 of 6 categories
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PONY vs CAT: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is PONY or CAT a better buy right now?
For growth investors, Pony AI Inc.
American Depositary Shares (PONY) is the stronger pick with 20. 3% revenue growth year-over-year, versus 4. 3% for Caterpillar Inc. (CAT). Caterpillar Inc. (CAT) offers the better valuation at 48. 4x trailing P/E (36. 9x forward), making it the more compelling value choice. Analysts rate Pony AI Inc. American Depositary Shares (PONY) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — PONY or CAT?
Over the past 5 years, Caterpillar Inc.
(CAT) delivered a total return of +327. 7%, compared to -32. 1% for Pony AI Inc. American Depositary Shares (PONY). Over 10 years, the gap is even starker: CAT returned +1169% versus PONY's -32. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — PONY or CAT?
By beta (market sensitivity over 5 years), Caterpillar Inc.
(CAT) is the lower-risk stock at 1. 67β versus Pony AI Inc. American Depositary Shares's 3. 32β — meaning PONY is approximately 100% more volatile than CAT relative to the S&P 500. On balance sheet safety, Pony AI Inc. American Depositary Shares (PONY) carries a lower debt/equity ratio of 1% versus 2% for Caterpillar Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — PONY or CAT?
By revenue growth (latest reported year), Pony AI Inc.
American Depositary Shares (PONY) is pulling ahead at 20. 3% versus 4. 3% for Caterpillar Inc. (CAT). On earnings-per-share growth, the picture is similar: Pony AI Inc. American Depositary Shares grew EPS 85. 4% year-over-year, compared to -14. 6% for Caterpillar Inc.. Over a 3-year CAGR, PONY leads at 9. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — PONY or CAT?
Caterpillar Inc.
(CAT) is the more profitable company, earning 13. 1% net margin versus -148. 9% for Pony AI Inc. American Depositary Shares — meaning it keeps 13. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CAT leads at 16. 6% versus -289. 8% for PONY. At the gross margin level — before operating expenses — CAT leads at 32. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is PONY or CAT more undervalued right now?
Analyst consensus price targets imply the most upside for PONY: 182.
2% to $23. 00.
07Which pays a better dividend — PONY or CAT?
All stocks in this comparison pay dividends.
Caterpillar Inc. (CAT) offers the highest yield at 0. 6%, versus 0. 2% for Pony AI Inc. American Depositary Shares (PONY).
08Is PONY or CAT better for a retirement portfolio?
For long-horizon retirement investors, Caterpillar Inc.
(CAT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0. 6% yield, +1169% 10Y return). Pony AI Inc. American Depositary Shares (PONY) carries a higher beta of 3. 32 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CAT: +1169%, PONY: -32. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between PONY and CAT?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: PONY is a small-cap high-growth stock; CAT is a large-cap quality compounder stock. CAT pays a dividend while PONY does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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