Caterpillar Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	70,755	67,589	64,809	67,060	59,427	50,971
Revenue Growth (YoY)	11.85%	4.29%	-3.36%	12.84%	16.59%	22.09%
Cost of Revenue	47,093	44,752	40,199	42,767	41,350	35,513
Gross Profit	23,662	22,837	24,610	24,293	18,077	15,458
Selling, General & Admin	7,208	6,985	6,667	6,371	5,651	5,365
Research & Development	2,205	2,148	2,107	2,108	1,814	1,686
Other Operating Expenses	2,592	2,553	2,764	2,848	2,708	1,529
Total Operating Expenses	12,005	11,686	11,538	11,327	10,173	8,580
Operating Income	11,657	11,151	13,072	12,966	7,904	6,878
Interest Expense	-520	-502	-512	-511	-443	-488
Other Non-Operating Income (Expense)	1,045	892	813	595	1,291	1,814
Total Non-Operating Income (Expense)	525	390	301	84	848	1,326
Pretax Income	12,182	11,541	13,373	13,050	8,752	8,204
Provision for Income Taxes	2,864	2,768	2,629	2,781	2,067	1,742
Net Income	9,430	8,884	10,792	10,335	6,705	6,489
Minority Interest in Earnings	-112	-111	-48	-66	-20	-27
Net Income to Common	9,430	8,884	10,792	10,335	6,705	6,489
Net Income Growth	-5.12%	-17.68%	4.42%	54.14%	3.33%	116.44%
Shares Outstanding (Basic)	467	470	487	511	527	544
Shares Outstanding (Diluted)	469	472	489	514	530	549
Shares Change (YoY)	-3.04%	-3.49%	-4.71%	-3.17%	-3.30%	-0.02%
EPS (Basic)	20.20	18.90	22.17	20.24	12.72	11.93
EPS (Diluted)	20.09	18.81	22.05	20.12	12.64	11.83
EPS Growth	-2.10%	-14.69%	9.59%	59.18%	6.85%	116.67%
Shares Outstanding	465.29	465.29	478.53	499.38	516.3	535.89
Free Cash Flow	7,901	7,453	8,820	9,793	5,167	4,726
Free Cash Flow Growth	6.01%	-15.50%	-9.94%	89.53%	9.33%	12.20%
Free Cash Flow Per Share	16.84	15.78	18.02	19.07	9.74	8.62
Dividends Per Share	-	5.940	5.530	5.100	4.710	4.360
Dividend Growth	-	7.41%	8.43%	8.28%	8.03%	5.83%
Gross Margin	33.44%	33.79%	37.97%	36.23%	30.42%	30.33%
Operating Margin	16.48%	16.50%	20.17%	19.33%	13.30%	13.49%
Profit Margin	13.17%	12.98%	16.58%	15.31%	11.25%	12.68%
FCF Margin	11.17%	11.03%	13.61%	14.60%	8.69%	9.27%
EBITDA	13,974	13,413	15,225	15,110	10,123	9,230
EBITDA Margin	19.75%	19.84%	23.49%	22.53%	17.03%	18.11%
EBIT	11,657	11,151	13,072	12,966	7,904	6,878
EBIT Margin	16.48%	16.50%	20.17%	19.33%	13.30%	13.49%
Effective Tax Rate	23.51%	23.98%	19.66%	21.31%	23.62%	21.23%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q