Caterpillar Inc. (CAT)

NYSE Industrials Construction Machinery & Heavy Transportation Equipment S&P 500Dow 30

$558.63

+4.99 (+0.90%)

Close of Nov 06, 2026 · end-of-day data

Source: Caterpillar Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$38.54B	$45.46B	$54.72B	$53.80B	$41.75B	$50.97B	$59.43B	$67.06B	$64.81B	$67.59B
Cost of revenue	$28.04B	$31.26B	$37.00B	$36.63B	$29.08B	$35.51B	$41.35B	$42.77B	$40.20B	$44.75B
Gross profit	$10.49B	$14.20B	$17.73B	$17.17B	$12.67B	$15.46B	$18.08B	$24.29B	$24.61B	$22.84B
Research & development	$1.85B	$1.84B	$1.85B	$1.69B	$1.42B	$1.69B	$1.81B	$2.11B	$2.11B	$2.15B
Selling, general & admin	$4.38B	$5.00B	$5.48B	$5.16B	$4.64B	$5.37B	$5.65B	$6.37B	$6.67B	$6.99B
Operating income	$1.16B	$4.46B	$8.29B	$8.29B	$4.55B	$6.88B	$7.90B	$12.97B	$13.07B	$11.15B
Pre-tax income	$139.00M	$4.08B	$7.82B	$7.81B	$4.00B	$8.20B	$8.75B	$13.05B	$13.37B	$11.54B
Income tax	$192.00M	$3.34B	$1.70B	$1.75B	$1.01B	$1.74B	$2.07B	$2.78B	$2.63B	$2.77B
Net income	-$67.00M	$754.00M	$6.15B	$6.09B	$3.00B	$6.49B	$6.71B	$10.34B	$10.79B	$8.88B
EBITDA	$4.20B	$7.34B	$11.06B	$10.87B	$6.99B	$9.23B	$10.12B	$15.11B	$15.22B	$13.41B
EPS (basic)	$-0.11	$1.27	$10.39	$10.85	$5.51	$11.93	$12.72	$20.24	$22.17	$18.90
EPS (diluted)	$-0.11	$1.26	$10.26	$10.74	$5.46	$11.83	$12.64	$20.12	$22.05	$18.81
Diluted shares	584.30M	599.30M	599.40M	567.50M	548.60M	548.50M	530.40M	513.60M	489.40M	472.30M
Gross margin	27.2%	31.2%	32.4%	31.9%	30.3%	30.3%	30.4%	36.2%	38.0%	33.8%
Operating margin	3.0%	9.8%	15.2%	15.4%	10.9%	13.5%	13.3%	19.3%	20.2%	16.5%
Net margin	-0.2%	1.7%	11.2%	11.3%	7.2%	12.7%	11.3%	15.4%	16.7%	13.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$7.20B	$8.32B	$7.89B	$8.29B	$9.35B	$9.25B	$7.00B	$6.98B	$6.89B	$9.98B
Receivables	$5.98B	$7.44B	$8.80B	$8.57B	$7.32B	$8.48B	$8.86B	$9.31B	$9.28B	$10.92B
Inventory	$8.61B	$10.02B	$11.53B	$11.27B	$11.40B	$14.04B	$16.27B	$16.57B	$16.83B	$18.14B
Total current assets	$31.97B	$36.24B	$38.60B	$39.19B	$39.46B	$43.45B	$43.78B	$46.95B	$45.68B	$52.48B
Goodwill	$6.02B	$6.20B	$6.22B	$6.20B	$6.39B	$6.32B	$5.29B	$5.31B	$5.24B	$5.32B
Total assets	$74.70B	$76.96B	$78.51B	$78.45B	$78.32B	$82.79B	$81.94B	$87.48B	$87.76B	$98.58B
Total current liabilities	$26.13B	$26.93B	$28.22B	$26.62B	$25.72B	$29.85B	$31.53B	$34.73B	$32.27B	$36.56B
Short-term debt	$7.30B	$4.84B	$5.72B	$5.17B	$2.02B	$5.40B	$5.96B	$4.64B	$4.39B	$5.51B
Long-term debt	$22.82B	$23.85B	$25.00B	$26.28B	$26.00B	$26.03B	$25.71B	$24.47B	$27.35B	$30.70B
Total debt	$30.12B	$28.68B	$30.72B	$31.45B	$28.01B	$31.44B	$31.67B	$29.11B	$31.74B	$36.21B
Total liabilities	$61.49B	$63.20B	$64.43B	$63.82B	$62.95B	$66.28B	$66.05B	$67.97B	$68.27B	$77.27B
Shareholders' equity	$13.23B	$13.77B	$14.08B	$14.63B	$15.38B	$16.52B	$15.89B	$19.50B	$19.49B	$21.32B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$5.64B	$5.71B	$6.56B	$6.91B	$6.33B	$7.20B	$7.77B	$12.88B	$12.04B	$11.74B
Capital expenditures	$1.11B	$898.00M	$1.28B	$1.06B	$978.00M	$1.09B	$1.30B	$1.60B	$1.99B	$2.82B
Free cash flow	$4.53B	$4.81B	$5.28B	$5.86B	$5.35B	$6.11B	$6.47B	$11.29B	$10.05B	$8.92B
Investing cash flow	-$1.78B	-$966.00M	-$3.21B	-$1.93B	-$1.49B	-$3.08B	-$2.54B	-$5.87B	-$2.45B	-$4.71B
Financing cash flow	-$3.14B	-$3.66B	-$3.65B	-$4.54B	-$3.75B	-$4.19B	-$7.28B	-$6.93B	-$9.56B	-$3.90B
Dividends paid	$1.80B	$1.83B	$1.95B	$2.13B	$2.24B	$2.33B	$2.44B	$2.56B	$2.65B	$2.75B
Share buybacks	$0	$0	$3.80B	$4.05B	$1.13B	$2.67B	$4.23B	$4.97B	$7.70B	$5.19B
Stock-based compensation	$218.00M	$206.00M	$197.00M	$205.00M	$202.00M	$200.00M	$193.00M	$208.00M	$223.00M	$242.00M
Depreciation & amortization	$3.03B	$2.88B	$2.77B	$2.58B	$2.43B	$2.35B	$2.22B	$2.14B	$2.15B	$2.26B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$17.07B	$15.80B	$16.69B	$16.11B	$16.21B	$14.25B	$16.57B	$17.64B	$19.13B	$17.41B	$20.54B	$20.68B
Cost of revenue	$11.02B	$9.66B	$10.15B	$10.07B	$10.32B	$8.96B	$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	$5.96B	$5.83B	$6.11B	$7.76B	$7.35B
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	$3.08B	$4.29B	$4.21B
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	$1.05B	$968.00M
Net income	$2.68B	$2.86B	$2.68B	$2.46B	$2.79B	$2.00B	$2.18B	$2.30B	$2.40B	$2.55B	$3.59B	$3.29B
EBITDA	$3.68B	$4.04B	$4.01B	$3.69B	$3.48B	$3.12B	$3.41B	$3.62B	$3.26B	$3.68B	$4.91B	$4.83B
EPS (basic)	$5.31	$5.78	$5.50	$5.09	$5.81	$4.22	$4.64	$4.91	$5.14	$5.50	$7.80	$7.16
EPS (diluted)	$5.27	$5.75	$5.48	$5.06	$5.78	$4.20	$4.62	$4.88	$5.12	$5.47	$7.77	$7.13
Diluted shares	-2.10M	496.90M	489.50M	486.70M	-2.30M	477.10M	471.50M	470.80M	-1.10M	465.80M	462.50M	460.90M
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%
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%
Net margin	15.7%	18.1%	16.1%	15.3%	17.2%	14.1%	13.2%	13.0%	12.6%	14.6%	17.5%	15.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$6.98B	$4.96B	$4.34B	$5.64B	$6.89B	$3.56B	$5.44B	$7.54B	$9.98B	$4.07B	$6.71B	$7.93B
Receivables	$9.31B	$9.30B	$9.42B	$9.09B	$9.28B	$9.12B	$9.70B	$10.15B	$10.92B	$11.45B	$13.19B	$13.44B
Inventory	$16.57B	$16.95B	$17.08B	$17.31B	$16.83B	$17.86B	$18.59B	$18.96B	$18.14B	$19.63B	$20.63B	$22.21B
Total current assets	$46.95B	$43.66B	$43.10B	$44.95B	$45.68B	$43.02B	$46.76B	$49.82B	$52.48B	$48.57B	$54.45B	$57.83B
Goodwill	$5.31B	$5.28B	$5.26B	$5.32B	$5.24B	$5.27B	$5.33B	$5.33B	$5.32B	$5.87B	$5.86B	$5.91B
Total assets	$87.48B	$83.74B	$83.34B	$86.27B	$87.76B	$84.97B	$90.33B	$93.72B	$98.58B	$95.55B	$102.61B	$106.84B
Total current liabilities	$34.73B	$32.37B	$33.56B	$32.22B	$32.27B	$32.59B	$34.93B	$35.99B	$36.56B	$35.90B	$39.79B	$40.67B
Short-term debt	$4.64B	—	—	—	$4.39B	—	—	—	$5.51B	—	—	—
Long-term debt	$24.47B	—	—	—	$27.35B	—	—	—	$30.70B	—	—	—
Total debt	$29.11B	—	—	—	$31.74B	—	—	—	$36.21B	—	—	—
Total liabilities	$67.97B	$66.10B	$66.20B	$66.87B	$68.27B	$66.90B	$71.66B	$73.06B	$77.27B	$76.89B	$83.22B	$85.36B
Shareholders' equity	$19.50B	$17.64B	$17.14B	$19.40B	$19.49B	$18.07B	$18.66B	$20.66B	$21.32B	$18.66B	$19.39B	$21.48B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$4.00B	$2.05B	$3.02B	$3.57B	$3.39B	$1.29B	$3.12B	$3.74B	$3.59B	$1.87B	$4.37B	$4.35B
Capital expenditures	$536.00M	$500.00M	$341.00M	$444.00M	$703.00M	$710.00M	$555.00M	$658.00M	$898.00M	$728.00M	$587.00M	$697.00M
Free cash flow	$3.47B	$1.55B	$2.68B	$3.12B	$2.69B	$579.00M	$2.57B	$3.08B	$2.69B	$1.14B	$3.78B	$3.65B
Investing cash flow	-$554.00M	$958.00M	-$722.00M	-$1.04B	-$1.65B	-$175.00M	-$1.33B	-$1.32B	-$1.88B	-$1.77B	-$1.66B	-$1.32B
Financing cash flow	-$3.03B	-$5.00B	-$2.93B	-$1.21B	-$426.00M	-$4.50B	$151.00M	-$305.00M	$751.00M	-$5.95B	-$83.00M	-$1.79B
Dividends paid	$662.00M	$648.00M	$635.00M	$683.00M	$680.00M	$674.00M	$662.00M	$707.00M	$706.00M	$703.00M	$696.00M	$749.00M
Share buybacks	$2.77B	$4.46B	$1.82B	$782.00M	$640.00M	$3.66B	$828.00M	$362.00M	$340.00M	$5.03B	$1.49B	$1.22B
Stock-based compensation	$30.00M	$44.00M	$75.00M	$52.00M	$52.00M	$45.00M	$86.00M	$71.00M	$40.00M	$54.00M	$92.00M	$81.00M
Depreciation & amortization	$545.00M	$524.00M	$531.00M	$543.00M	$555.00M	$540.00M	$554.00M	$570.00M	$598.00M	$595.00M	$616.00M	$615.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.