CATERPILLAR INC (CAT)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue17,638,000,000$16,569,000,000$14,249,000,000$16,215,000,000$16,106,000,000$16,689,000,000$15,799,000,000$17,070,000,000$16,810,000,000$17,318,000,000$15,862,000,000$16,597,000,000$14,994,000,000$14,247,000,000$13,589,000,000$13,798,000,000$12,397,000,000$12,889,000,000$11,887,000,000$11,235,000,000$9,881,000,000$9,997,000,000$10,635,000,000$13,144,000,000$12,758,000,000$14,432,000,000$13,466,000,000$14,342,000,000$13,510,000,000$14,011,000,000$12,859,000,000$12,896,000,000$11,413,000,000$11,331,000,000$9,822,000,000$9,574,000,000$9,160,000,000$10,342,000,000$9,461,000,000$11,030,000,000$10,962,000,000$12,317,000,000$12,702,000,000$14,244,000,000$13,549,000,000$14,150,000,000$13,241,000,000$14,402,000,000$
QoQ%6.45%16.28%(12.13%).68%(3.49%)5.63%(7.45%)1.55%(2.93%)9.18%(4.43%)10.69%5.24%4.84%(1.52%)11.30%(3.82%)8.43%5.80%13.70%(1.16%)(6.00%)(19.09%)3.03%(11.60%)7.17%(6.11%)6.16%(3.58%)8.96%(.29%)12.99%.72%15.36%2.59%4.52%(11.43%)9.31%(14.23%).62%(11.00%)(3.03%)(10.83%)5.13%(4.25%)6.87%(8.06%)7.29%
YoY%9.51%(.72%)(9.81%)(5.01%)(4.19%)(3.63%)(.40%)2.85%12.11%21.56%16.73%20.29%20.95%10.54%14.32%22.81%25.46%28.93%11.77%(14.52%)(22.55%)(30.73%)(21.02%)(8.35%)(5.57%)3.01%4.72%11.21%18.37%23.65%30.92%34.70%24.60%9.56%3.82%(13.20%)(16.44%)(16.04%)(25.52%)(22.56%)(19.09%)(12.95%)(4.07%)(1.10%).94%(3.22%).24%(10.41%)
Cost Of Revenue11,673,000,000$10,807,000,000$8,965,000,000$10,321,000,000$10,066,000,000$10,150,000,000$9,662,000,000$11,016,000,000$10,583,000,000$11,065,000,000$10,103,000,000$11,614,000,000$10,202,000,000$9,975,000,000$9,559,000,000$10,003,000,000$8,617,000,000$8,881,000,000$8,012,000,000$7,784,000,000$6,919,000,000$7,113,000,000$7,266,000,000$9,117,000,000$8,569,000,000$9,941,000,000$9,003,000,000$9,987,000,000$9,022,000,000$9,422,000,000$8,566,000,000$8,965,000,000$7,678,000,000$7,816,000,000$6,801,000,000$7,541,000,000$6,527,000,000$7,419,000,000$6,822,000,000$8,240,000,000$7,872,000,000$8,674,000,000$8,760,000,000$10,499,000,000$9,634,000,000$10,197,000,000$9,437,000,000$10,541,000,000$
Gross Profit5,965,000,000$5,762,000,000$5,284,000,000$5,894,000,000$6,040,000,000$6,539,000,000$6,137,000,000$6,054,000,000$6,227,000,000$6,253,000,000$5,759,000,000$4,983,000,000$4,792,000,000$4,272,000,000$4,030,000,000$3,795,000,000$3,780,000,000$4,008,000,000$3,875,000,000$2,786,000,000$2,309,000,000$2,197,000,000$2,648,000,000$3,269,000,000$3,405,000,000$3,730,000,000$3,721,000,000$3,643,000,000$3,741,000,000$3,857,000,000$3,584,000,000$3,229,000,000$3,035,000,000$2,823,000,000$2,329,000,000$1,344,000,000$1,936,000,000$2,226,000,000$1,958,000,000$2,078,000,000$2,413,000,000$2,909,000,000$3,201,000,000$3,001,000,000$3,124,000,000$3,194,000,000$3,056,000,000$3,105,000,000$
Gross Margin33.82%34.78%37.08%36.35%37.50%39.18%38.84%35.47%37.04%36.11%36.31%30.02%31.96%29.99%29.66%27.50%30.49%31.10%32.60%24.80%23.37%21.98%24.90%24.87%26.69%25.85%27.63%25.40%27.69%27.53%27.87%25.04%26.59%24.91%23.71%14.04%21.14%21.52%20.70%18.84%22.01%23.62%25.20%21.07%23.06%22.57%23.08%21.56%
Operating Expenses2,913,000,000$2,902,000,000$2,705,000,000$2,970,000,000$2,893,000,000$3,057,000,000$2,618,000,000$2,920,000,000$2,778,000,000$2,601,000,000$3,028,000,000$3,303,000,000$2,367,000,000$2,328,000,000$2,175,000,000$2,184,000,000$2,116,000,000$2,219,000,000$2,061,000,000$1,406,000,000$1,324,000,000$1,413,000,000$1,244,000,000$11,294,000,000$10,738,000,000$12,219,000,000$11,259,000,000$12,459,000,000$11,375,000,000$11,844,000,000$10,751,000,000$11,509,000,000$9,904,000,000$10,147,000,000$9,442,000,000$10,172,000,000$8,679,000,000$9,557,000,000$8,967,000,000$11,205,000,000$10,037,000,000$10,984,000,000$11,000,000,000$15,195,000,000$12,157,000,000$12,675,000,000$11,843,000,000$12,950,000,000$
Operating Income3,052,000,000$2,860,000,000$2,579,000,000$2,924,000,000$3,147,000,000$3,482,000,000$3,519,000,000$3,134,000,000$3,449,000,000$3,652,000,000$2,731,000,000$1,680,000,000$2,425,000,000$1,944,000,000$1,855,000,000$1,611,000,000$1,664,000,000$1,789,000,000$1,814,000,000$1,380,000,000$985,000,000$784,000,000$1,404,000,000$1,850,000,000$2,020,000,000$2,213,000,000$2,207,000,000$1,883,000,000$2,135,000,000$2,167,000,000$2,108,000,000$1,387,000,000$1,509,000,000$1,184,000,000$380,000,000$(598,000,000$)481,000,000$785,000,000$494,000,000$(175,000,000$)925,000,000$1,333,000,000$1,702,000,000$(951,000,000$)1,392,000,000$1,475,000,000$1,398,000,000$1,452,000,000$
Operating Margin17.30%17.26%18.10%18.03%19.54%20.86%22.27%18.36%20.52%21.09%17.22%10.12%16.17%13.65%13.65%11.68%13.42%13.88%15.26%12.28%9.97%7.84%13.20%14.08%15.83%15.33%16.39%13.13%15.80%15.47%16.39%10.76%13.22%10.45%3.87%(6.25%)5.25%7.59%5.22%(1.59%)8.44%10.82%13.40%(6.68%)10.27%10.42%10.56%10.08%
Interest Income
Interest Expenses
Income Before Tax3,127,000,000$2,818,000,000$2,570,000,000$3,243,000,000$3,098,000,000$3,500,000,000$3,532,000,000$3,249,000,000$3,515,000,000$3,652,000,000$2,634,000,000$2,099,000,000$2,558,000,000$2,096,000,000$1,999,000,000$2,562,000,000$1,775,000,000$1,870,000,000$1,997,000,000$941,000,000$863,000,000$678,000,000$1,513,000,000$1,365,000,000$2,005,000,000$2,178,000,000$2,264,000,000$1,367,000,000$2,135,000,000$2,186,000,000$2,134,000,000$1,111,000,000$1,523,000,000$1,159,000,000$289,000,000$(1,348,000,000$)383,000,000$739,000,000$365,000,000$(247,000,000$)783,000,000$1,136,000,000$1,767,000,000$(991,000,000$)1,381,000,000$1,420,000,000$1,342,000,000$1,387,000,000$
Tax Expenses836,000,000$646,000,000$574,000,000$463,000,000$642,000,000$836,000,000$688,000,000$587,000,000$734,000,000$752,000,000$708,000,000$644,000,000$527,000,000$427,000,000$469,000,000$429,000,000$368,000,000$470,000,000$475,000,000$167,000,000$187,000,000$227,000,000$425,000,000$276,000,000$518,000,000$565,000,000$387,000,000$321,000,000$415,000,000$490,000,000$472,000,000$2,418,000,000$470,000,000$361,000,000$90,000,000$(180,000,000$)96,000,000$184,000,000$92,000,000$(158,000,000$)218,000,000$335,000,000$521,000,000$(509,000,000$)364,000,000$419,000,000$418,000,000$376,000,000$
Net Income2,299,000,000$2,179,000,000$2,003,000,000$2,790,000,000$2,463,000,000$2,681,000,000$2,854,000,000$2,673,000,000$2,793,000,000$2,924,000,000$1,942,000,000$1,454,000,000$2,040,000,000$1,673,000,000$1,537,000,000$2,120,000,000$1,428,000,000$1,414,000,000$1,531,000,000$780,000,000$671,000,000$459,000,000$1,093,000,000$1,097,000,000$1,494,000,000$1,619,000,000$1,884,000,000$1,049,000,000$1,727,000,000$1,705,000,000$1,667,000,000$(1,299,000,000$)1,061,000,000$803,000,000$194,000,000$(1,167,000,000$)283,000,000$553,000,000$272,000,000$(90,000,000$)562,000,000$803,000,000$1,248,000,000$(480,000,000$)1,021,000,000$1,002,000,000$925,000,000$1,006,000,000$
Profit Margin13.03%13.15%14.06%17.21%15.29%16.06%18.06%15.66%16.62%16.88%12.24%8.76%13.61%11.74%11.31%15.37%11.52%10.97%12.88%6.94%6.79%4.59%10.28%8.35%11.71%11.22%13.99%7.31%12.78%12.17%12.96%(10.07%)9.30%7.09%1.98%(12.19%)3.09%5.35%2.88%(.82%)5.13%6.52%9.83%(3.37%)7.54%7.08%6.99%6.99%
TTM14.34%14.94%15.71%16.65%16.25%16.58%16.78%15.41%13.69%12.91%11.52%11.28%13.02%12.51%12.34%12.74%10.65%9.58%8.00%7.19%7.61%8.90%10.40%11.33%10.99%11.26%11.50%11.24%7.13%6.12%4.60%1.67%2.11%.28%(.35%)(.15%)2.55%3.10%3.53%5.37%4.25%4.91%5.11%4.47%7.15%7.03%6.91%6.83%
Earnings to Minority(1,000,000$)(1,000,000$)(1,000,000$)0$(2,000,000$)(3,000,000$)(1,000,000$)2,000,000$(1,000,000$)0$(1,000,000$)0$2,000,000$1,000,000$1,000,000$0$3,000,000$1,000,000$1,000,000$(1,000,000$)0$(1,000,000$)3,000,000$1,000,000$0$(2,000,000$)2,000,000$0$2,000,000$1,000,000$2,000,000$4,000,000$0$3,000,000$1,000,000$4,000,000$3,000,000$1,000,000$3,000,000$6,000,000$4,000,000$3,000,000$3,000,000$3,000,000$
Earnings to Common Shareholders2,300,000,000$2,179,000,000$2,003,000,000$2,791,000,000$2,464,000,000$2,681,000,000$2,856,000,000$2,676,000,000$2,794,000,000$2,922,000,000$1,943,000,000$1,454,000,000$2,041,000,000$1,673,000,000$1,537,000,000$2,120,000,000$1,426,000,000$1,413,000,000$1,530,000,000$780,000,000$668,000,000$458,000,000$1,092,000,000$1,098,000,000$1,494,000,000$1,620,000,000$1,881,000,000$1,048,000,000$1,727,000,000$1,707,000,000$1,665,000,000$(1,299,000,000$)1,059,000,000$802,000,000$192,000,000$(1,171,000,000$)283,000,000$550,000,000$271,000,000$(94,000,000$)559,000,000$802,000,000$1,245,000,000$757,000,000$1,017,000,000$999,000,000$922,000,000$1,003,000,000$
QoQ%5.55%8.79%(28.23%)13.27%(8.09%)(6.13%)6.73%(4.22%)(4.38%)50.39%33.63%(28.76%)22.00%8.85%(27.50%)48.67%.92%(7.65%)96.15%16.77%45.85%(58.06%)(.55%)(26.51%)(7.78%)(13.88%)79.49%(39.32%)1.17%2.52%228.18%(222.66%)32.05%317.71%116.40%(513.78%)(48.55%)102.95%388.30%(116.82%)(30.30%)(35.58%)64.47%(25.57%)1.80%8.35%(8.08%)6.03%
YoY%(6.66%)(18.72%)(29.87%)4.30%(11.81%)(8.25%)46.99%84.04%36.89%74.66%26.42%(31.42%)43.13%18.40%.46%171.80%113.47%208.52%40.11%(28.96%)(55.29%)(71.73%)(41.95%)4.77%(13.49%)(5.10%)12.97%180.68%63.08%112.84%767.19%(10.93%)274.21%45.82%(29.15%)(1,145.75%)(49.37%)(31.42%)(78.23%)(112.42%)(45.03%)(19.72%)35.03%(24.53%)7.51%4.06%4.77%43.90%
Earnings Per Share, Basic4.91$4.64$4.22$5.80$5.09$5.50$5.78$5.31$5.48$5.70$3.76$2.81$3.89$3.15$2.88$3.94$2.62$2.58$2.80$1.43$1.23$0.85$2.00$2.00$2.69$2.85$3.29$1.81$2.92$2.86$2.78$(2.18$)1.79$1.36$0.33$(2.00$)0.48$0.94$0.47$(0.16$)0.95$1.33$2.06$1.25$1.66$1.60$1.47$1.58$
Earnings Per Share, Diluted4.89$4.62$4.20$5.76$5.06$5.48$5.75$5.27$5.45$5.67$3.74$2.79$3.87$3.13$2.86$3.90$2.60$2.56$2.77$1.41$1.22$0.84$1.98$1.97$2.66$2.83$3.25$1.79$2.88$2.83$2.74$(2.13$)1.76$1.35$0.32$(2.05$)0.48$0.93$0.46$(0.16$)0.94$1.31$2.03$1.23$1.63$1.57$1.44$1.55$
Unlevered FCF Per Share, Basic6.57$5.47$1.22$5.59$6.45$5.50$3.14$6.89$7.22$5.83$2.23$4.47$4.19$3.75$(0.06$)1.84$2.73$3.56$3.07$3.26$2.80$2.26$1.51$3.82$4.20$1.47$3.60$
Unlevered FCF Per Share, Diluted6.54$5.44$1.21$5.55$6.42$5.47$3.12$6.83$7.18$5.80$2.22$4.43$4.17$3.73$(0.06$)1.83$2.71$3.53$3.04$3.22$2.78$2.25$1.50$3.77$4.17$1.46$3.55$
Average Shares, Basic468,600,000469,700,000474,900,000481,500,000484,200,000487,200,000493,900,000503,500,000509,800,000512,900,000516,200,000517,100,000525,000,000531,000,000534,500,000537,700,000544,000,000547,900,000546,400,000545,800,000542,300,000541,500,000546,800,000549,900,000556,300,000567,800,000572,400,000579,300,000592,100,000596,200,000598,000,000596,600,000592,900,000590,200,000587,500,000585,600,000584,700,000584,100,000582,800,000580,700,000588,400,000603,200,000604,900,000604,300,000611,500,000626,300,000626,700,000635,400,000
Average Shares, Diluted470,800,000471,500,000477,100,000484,500,000486,700,000489,500,000496,900,000507,400,000512,600,000515,000,000519,400,000521,600,000527,600,000534,100,000538,300,000542,900,000547,600,000552,100,000551,400,000552,400,000546,400,000544,500,000551,100,000556,900,000561,200,000573,100,000578,800,000586,000,000599,400,000604,200,000608,000,000608,500,000600,100,000595,400,000593,200,000571,300,000589,600,000588,600,000587,700,000587,000,000594,800,000610,700,000612,700,000615,200,000622,800,000638,300,000639,300,000648,200,000
EBIT3,127,000,000$2,818,000,000$2,570,000,000$3,243,000,000$3,098,000,000$3,500,000,000$3,532,000,000$3,249,000,000$3,515,000,000$3,652,000,000$2,634,000,000$2,099,000,000$2,558,000,000$2,096,000,000$1,999,000,000$2,562,000,000$1,775,000,000$1,870,000,000$1,997,000,000$941,000,000$863,000,000$678,000,000$1,513,000,000$1,365,000,000$2,005,000,000$2,178,000,000$2,264,000,000$1,367,000,000$2,135,000,000$2,186,000,000$2,134,000,000$1,111,000,000$1,523,000,000$1,159,000,000$289,000,000$(1,348,000,000$)383,000,000$739,000,000$365,000,000$(247,000,000$)783,000,000$1,136,000,000$1,767,000,000$(991,000,000$)1,381,000,000$1,420,000,000$1,342,000,000$1,387,000,000$
EBITDA3,697,000,000$3,372,000,000$3,110,000,000$3,798,000,000$3,641,000,000$4,031,000,000$4,056,000,000$3,794,000,000$4,040,000,000$4,194,000,000$3,166,000,000$2,657,000,000$3,109,000,000$2,649,000,000$2,556,000,000$3,148,000,000$2,368,000,000$2,457,000,000$2,583,000,000$1,558,000,000$1,456,000,000$1,286,000,000$2,127,000,000$2,009,000,000$2,650,000,000$2,825,000,000$2,905,000,000$2,068,000,000$2,833,000,000$2,872,000,000$2,815,000,000$1,835,000,000$2,246,000,000$1,879,000,000$999,000,000$(569,000,000$)1,144,000,000$1,493,000,000$1,105,000,000$527,000,000$1,541,000,000$1,897,000,000$2,520,000,000$(196,000,000$)2,179,000,000$2,209,000,000$2,123,000,000$2,211,000,000$