Industrials · Trucks/Construction/Farm Machinery

Caterpillar Inc.

NYSECAT ISINUS1491231015 SEC CIK0000018230 Listed on NYSE · USD

$600.63 -0.99 (-0.16%) Pre-market $590.90 (-1.78%) ≈ ₹56,370 a share

Open chart

Price, last 12 months+6.84% in a year

Key numbers

Market value: $274.84B
P/E (TTM): 23.6
Forward P/E: 20.9
EPS (TTM): $25.49
Dividend yield: 1.09%
Beta: 1.64
Day range: $590.70 – $601.00
52-week range: $537.08 – $1,073.46
Volume: 590,299
10-day avg volume: $5.00M
Revenue (TTM): $77.77B
EBITDA (TTM): $18.72B
Gross margin: 35.1%
Net margin: 14.9%
Return on equity: 56.2%
Debt / equity: 210.4%
Price / sales: 3.53
Shares out: 457.59M

52W low52W high

Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$17.07B$3.13B$2.67B

Dec 23

$15.80B$3.52B$2.85B

Mar 24

$16.69B$3.48B$2.68B

Jun 24

$16.11B$3.15B$2.46B

Sep 24

$16.22B$2.92B$2.79B

Dec 24

$14.25B$2.58B$2.00B

Mar 25

$16.57B$2.86B$2.18B

Jun 25

$17.64B$3.05B$2.30B

Sep 25

$19.13B$2.66B$2.40B

Dec 25

$17.42B$3.09B$2.55B

Mar 26

$20.54B$4.30B$3.59B

Jun 26

$20.68B$4.21B$3.29B

Sep 26

Revenue · QoQ (vs last quarter)

—-7.4%+5.6%-3.5%+0.7%-12%+16%+6.5%+8.5%-9.0%+18%+0.7%

Revenue · YoY (vs a year ago)

————-5.0%-9.8%-0.7%+9.5%+18%+22%+24%+17%

Net income · QoQ (vs last quarter)

—+6.8%-6.1%-8.1%+13%-28%+8.8%+5.5%+4.4%+6.1%+41%-8.5%

Net income · YoY (vs a year ago)

————+4.4%-30%-19%-6.7%-14%+27%+65%+43%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$17.07B	$15.80B	$16.69B	$16.11B	$16.22B	$14.25B	$16.57B	$17.64B	$19.13B	$17.42B	$20.54B	$20.68B
Cost of revenue	$11.02B	$9.66B	$10.15B	$10.07B	$10.32B	$8.97B	$10.81B	$11.67B	$13.31B	$11.31B	$12.78B	$13.33B
Gross profit	$6.05B	$6.14B	$6.54B	$6.04B	$5.89B	$5.28B	$5.76B	$5.97B	$5.83B	$6.11B	$7.76B	$7.35B
Gross margin	35.5%	38.8%	39.2%	37.5%	36.3%	37.1%	34.8%	33.8%	30.5%	35.1%	37.8%	35.5%
Research & development	$554.00M	$520.00M	$535.00M	$533.00M	$519.00M	$480.00M	$551.00M	$555.00M	$562.00M	$537.00M	$616.00M	$596.00M
Selling, general & admin	$1.76B	$1.58B	$1.65B	$1.67B	$1.77B	$1.59B	$1.69B	$1.82B	$1.88B	$1.82B	$2.02B	$1.80B
Operating income	$3.13B	$3.52B	$3.48B	$3.15B	$2.92B	$2.58B	$2.86B	$3.05B	$2.66B	$3.09B	$4.30B	$4.21B
Operating margin	18.4%	22.3%	20.9%	19.5%	18.0%	18.1%	17.3%	17.3%	13.9%	17.7%	20.9%	20.4%
Pre-tax income	$3.25B	$3.53B	$3.50B	$3.10B	$3.24B	$2.57B	$2.82B	$3.13B	$3.03B	$3.21B	$4.56B	$4.22B
Income tax	$587.00M	$688.00M	$836.00M	$642.00M	$463.00M	$574.00M	$646.00M	$836.00M	$712.00M	$670.00M	$1.06B	$968.00M
Net income	$2.67B	$2.85B	$2.68B	$2.46B	$2.79B	$2.00B	$2.18B	$2.30B	$2.40B	$2.55B	$3.59B	$3.29B
Net margin	15.7%	18.1%	16.1%	15.3%	17.2%	14.1%	13.2%	13.0%	12.5%	14.6%	17.5%	15.9%
EPS (diluted)	—	$5.75	$5.48	$5.06	—	$4.20	$4.62	$4.88	—	$5.47	$7.77	$7.13

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$54.72B$17.73B$6.15B

FY18

$53.80B$17.17B$6.09B

FY19

$41.75B$12.67B$3.00B

FY20

$50.97B$15.46B$6.49B

FY21

$59.43B$18.08B$6.70B

FY22

$67.06B$24.29B$10.33B

FY23

$64.81B$24.61B$10.79B

FY24

$67.59B$22.84B$8.88B

FY25

Revenue · YoY (vs a year ago)

—-1.7%-22%+22%+17%+13%-3.4%+4.3%

Net income · YoY (vs a year ago)

—-0.9%-51%+116%+3.2%+54%+4.4%-18%

RevenueGross profitNet incomeLine = trend

$10.26

FY18

$10.74

FY19

$5.46

FY20

$11.83

FY21

$12.64

FY22

$20.12

FY23

$22.05

FY24

$18.81

FY25

EPS (diluted) · YoY (vs a year ago)

—+4.7%-49%+117%+6.8%+59%+9.6%-15%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$54.72B	$53.80B	$41.75B	$50.97B	$59.43B	$67.06B	$64.81B	$67.59B
Revenue growth	—	-1.7%	-22.4%	22.1%	16.6%	12.8%	-3.4%	4.3%
Cost of revenue	$37.00B	$36.63B	$29.08B	$35.51B	$41.35B	$42.77B	$40.20B	$44.75B
Gross profit	$17.73B	$17.17B	$12.67B	$15.46B	$18.08B	$24.29B	$24.61B	$22.84B
Gross margin	32.4%	31.9%	30.3%	30.3%	30.4%	36.2%	38.0%	33.8%
Research & development	$1.85B	$1.69B	$1.42B	$1.69B	$1.81B	$2.11B	$2.11B	$2.15B
Selling, general & admin	$5.48B	$5.16B	$4.64B	$5.37B	$5.65B	$6.37B	$6.67B	$6.99B
Operating income	$8.29B	$8.29B	$4.55B	$6.88B	$7.90B	$12.97B	$13.07B	$11.15B
Operating margin	15.2%	15.4%	10.9%	13.5%	13.3%	19.3%	20.2%	16.5%
Depreciation & amortisation	$2.77B	$2.58B	$2.43B	$2.35B	$2.22B	$2.14B	$2.15B	$2.26B
Pre-tax income	$7.82B	$7.81B	$4.00B	$8.20B	$8.75B	$13.05B	$13.37B	$11.54B
Income tax	$1.70B	$1.75B	$1.01B	$1.74B	$2.07B	$2.78B	$2.63B	$2.77B
Tax rate	21.7%	22.4%	25.2%	21.2%	23.6%	21.3%	19.7%	24.0%
Net income	$6.15B	$6.09B	$3.00B	$6.49B	$6.70B	$10.33B	$10.79B	$8.88B
Net margin	11.2%	11.3%	7.2%	12.7%	11.3%	15.4%	16.6%	13.1%
EPS (diluted)	$10.26	$10.74	$5.46	$11.83	$12.64	$20.12	$22.05	$18.81

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$14.08B$25.00B$7.89B

FY18

$14.63B$26.28B$8.29B

FY19

$15.38B$26.00B$9.35B

FY20

$16.52B$26.03B$9.25B

FY21

$15.89B$25.71B$7.00B

FY22

$19.50B$24.47B$6.98B

FY23

$19.49B$27.35B$6.89B

FY24

$21.32B$30.70B$9.98B

FY25

Shareholders' equity · YoY (vs a year ago)

—+3.9%+5.1%+7.4%-3.8%+23%0.0%+9.4%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$7.89B	$8.29B	$9.35B	$9.25B	$7.00B	$6.98B	$6.89B	$9.98B
Current assets	$38.60B	$39.19B	$39.46B	$43.46B	$43.79B	$46.95B	$45.68B	$52.49B
Total assets	$78.51B	$78.45B	$78.32B	$82.79B	$81.94B	$87.48B	$87.76B	$98.59B
Current liabilities	$28.22B	$26.62B	$25.72B	$29.85B	$31.53B	$34.73B	$32.27B	$36.56B
Long-term debt	$25.00B	$26.28B	$26.00B	$26.03B	$25.71B	$24.47B	$27.35B	$30.70B
Total debt	$25.00B	$26.28B	$26.00B	$26.03B	$25.71B	$24.47B	$27.35B	$30.70B
Total liabilities	$64.43B	$63.82B	$62.95B	$66.28B	$66.05B	$67.97B	$68.27B	$77.27B
Shareholders' equity	$14.08B	$14.63B	$15.38B	$16.52B	$15.89B	$19.50B	$19.49B	$21.32B
Current ratio	1.37	1.47	1.53	1.46	1.39	1.35	1.42	1.44
Debt / equity	1.78	1.80	1.69	1.58	1.62	1.25	1.40	1.44
Return on equity	43.7%	41.7%	19.5%	39.3%	42.2%	53.0%	55.3%	41.7%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$6.56B$5.28B$5.75B

FY18

$6.91B$5.86B$6.18B

FY19

$6.33B$5.35B$3.37B

FY20

$7.20B$6.11B$5.00B

FY21

$7.77B$6.47B$6.67B

FY22

$12.89B$11.29B$7.54B

FY23

$12.04B$10.05B$10.34B

FY24

$11.74B$8.92B$7.94B

FY25

Operating cash flow · YoY (vs a year ago)

—+5.4%-8.5%+14%+7.9%+66%-6.6%-2.5%

Free cash flow · YoY (vs a year ago)

—+11%-8.7%+14%+6.0%+74%-11%-11%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$6.56B	$6.91B	$6.33B	$7.20B	$7.77B	$12.89B	$12.04B	$11.74B
Capital spending	$-1.28B	$-1.06B	$-978.00M	$-1.09B	$-1.30B	$-1.60B	$-1.99B	$-2.82B
Free cash flow	$5.28B	$5.86B	$5.35B	$6.11B	$6.47B	$11.29B	$10.05B	$8.92B
FCF margin	9.7%	10.9%	12.8%	12.0%	10.9%	16.8%	15.5%	13.2%
Cash from investing	$-3.21B	$-1.93B	$-1.49B	$-3.08B	$-2.54B	$-5.87B	$-2.45B	$-4.71B
Cash from financing	$-3.65B	$-4.54B	$-3.76B	$-4.19B	$-7.28B	$-6.93B	$-9.57B	$-3.90B
Dividends paid	$-1.95B	$-2.13B	$-2.24B	$-2.33B	$-2.44B	$-2.56B	$-2.65B	$-2.75B
Share buybacks	$-3.80B	$-4.05B	$-1.13B	$-2.67B	$-4.23B	$-4.98B	$-7.70B	$-5.19B

About

About Caterpillar Inc.

Caterpillar Inc. is an American manufacturer of construction, mining, and other engineering equipment. The company is the world's largest manufacturer of construction equipment. In 2025, Caterpillar was ranked 64th on the Fortune 500 and 118th on the Forbes Global 2000. Caterpillar stock is a component of the Dow Jones Industrial Average.

From Wikipedia (CC BY-SA 4.0).

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Company details

Company name: Caterpillar Inc.
Ticker: CAT
Exchange: NYSE
ISIN: US1491231015
SEC CIK: 0000018230
Sector: Industrials
Industry: Trucks/Construction/Farm Machinery
SEC industry (SIC): Construction Machinery & Equip (3531)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 13 Feb 2026
CEO: Joseph E. Creed
Chair: Joseph E. Creed
Headquarters: Irving
Address: 5205 N. O'connor Boulevard, Suite 100, Irving, Tx 75039
Founded: 1925
Employees: 118,000
Trades in: US dollars (USD)
Website: caterpillar.com

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Caterpillar Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

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