Caterpillar Inc. (CAT)

Caterpillar Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	74,729	67,589	64,809	67,060	59,427	50,971
Revenue Growth	18.36%	4.29%	-3.36%	12.84%	16.59%	22.09%
Gross Profit Gross Profit Growth	25,662	22,837	24,610	24,293	18,077	15,458
Operating Income Operating Income Growth	13,092	11,151	13,072	12,966	7,904	6,878
Net Income Net Income Growth	10,844	8,884	10,792	10,335	6,705	6,489
Earnings Per Share EPS Growth	23.24	18.81	22.05	20.12	12.64	11.83
EPS Growth	18.21%	-14.69%	9.59%	59.18%	6.85%	116.67%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Construction Industries Construction Industries Growth	29,193	25,060	25,455	27,418	25,269	22,106
Resource Industries Resource Industries Growth	16,818	15,920	15,745	13,669	12,314	9,810
Power & Energy Power & Energy Growth	31,073	28,624	25,506	28,001	23,752	20,287
Financial Products Segment Financial Products Segment Growth	4,412	4,220	4,053	3,785	3,253	3,073
All Other All Other Growth	333	327	344	363	450	511
Corporate Items and Eliminations Corporate Items and Eliminations Growth	-7,100	-6,562	-6,294	-6,176	-5,611	-4,816
Revenue (Total) Revenue (Total) Growth	74,729	67,589	64,809	67,060	59,427	50,971

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	6,713	9,980	6,889	6,978	7,004	9,254
Total Debt Total Debt Growth	45,146	43,330	38,409	37,878	36,993	37,789
Net Cash (Debt) Net Cash Growth	-38,433	-33,350	-31,520	-30,900	-29,989	-28,535
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-82.29	-70.61	-64.41	-60.16	-56.54	-52.02

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	13,569	11,739	12,035	12,885	7,766	7,198
Capital Expenditures CapEx Growth	-4,575	-4,286	-3,215	-3,092	-2,599	-2,472
Free Cash Flow Free Cash Flow Growth	8,994	7,453	8,820	9,793	5,167	4,726
Free Cash Flow Growth	16.20%	-15.50%	-9.94%	89.53%	9.33%	12.20%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	34.34%	33.79%	37.97%	36.23%	30.42%	30.33%
Operating Margin	17.52%	16.50%	20.17%	19.33%	13.30%	13.49%
Pretax Margin	18.63%	17.08%	20.63%	19.46%	14.73%	16.10%
Profit Margin	14.25%	12.98%	16.58%	15.31%	11.25%	12.68%
FCF Margin	12.04%	11.03%	13.61%	14.60%	8.69%	9.27%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 7, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	6.520	5.940	5.530	5.100	4.710	4.360
Dividend Per Share Growth	7.32%	7.41%	8.43%	8.28%	8.03%	5.83%
Dividend Yield	0.77%	1.02%	1.50%	1.70%	1.93%	2.07%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 7, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	36.93	30.46	16.45	14.70	18.95	17.48
Forward PE	29.83	27.73	17.06	14.51	15.83	17.95
P/FCF Ratio	43.19	35.76	19.68	15.08	23.94	23.44
PS Ratio	5.20	3.94	2.68	2.20	2.08	2.17

Data Source: Fiscal.ai Last updated: Aug 5, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

Data Sources Report a data error