Caterpillar Inc.CATEarnings & Financial Report
Caterpillar Inc. is an American construction, mining, and other engineering equipment manufacturer. The company is the world's largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average.
Revenue
$19.1B
Gross Profit
$5.8B
Operating Profit
$2.7B
Net Profit
$2.4B
Gross Margin
30.5%
Operating Margin
13.9%
Net Margin
12.5%
YoY Growth
18.0%
EPS
$5.11
Caterpillar Inc. Q4 FY2025 Financial Summary
Caterpillar Inc. reported revenue of $19.1B (up 18.0% YoY) for Q4 FY2025, with a net profit of $2.4B (down 13.9% YoY) (12.5% margin). Cost of goods sold was $13.3B, operating expenses totaled $3.2B.
Key Financial Metrics
| Total Revenue | $19.1B |
|---|---|
| Net Profit | $2.4B |
| Gross Margin | 30.5% |
| Operating Margin | 13.9% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Caterpillar Inc. Q4 FY2025 revenue of $19.1B breaks down across 8 segments, led by Construction Industries at $6.9B (36.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Construction Industries | $6.9B | 36.2% |
| Resource Industries | $3.4B | 17.7% |
| Powergeneration | $3.2B | 16.9% |
| Oil And Gas Customer | $2.4B | 12.5% |
| Financial Products Segment | $1.1B | 5.7% |
| Industrial | $967.0M | 5.1% |
| Financial Products | $931.0M | 4.9% |
| Related Party | $190.0M | 1.0% |
Caterpillar Inc. Revenue by Segment — Quarterly Trend
Caterpillar Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Construction Industries and Resource Industries) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Construction Industries | — | $6.9B | — | $6.2B |
| Resource Industries | — | $3.4B | — | $3.1B |
| Powergeneration | — | $3.2B | $2.6B | $2.4B |
| Oil And Gas Customer | — | $2.4B | $2.0B | $1.9B |
| Financial Products Segment | — | $1.1B | $1.1B | $1.0B |
Caterpillar Inc. Annual Revenue by Year
Caterpillar Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $67.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $67.6B |
| 2024 | $64.8B |
| 2023 | $67.1B |
| 2022 | $59.4B |
Caterpillar Inc. Quarterly Revenue & Net Profit History
Caterpillar Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $17.4B | +22.2% | N/A | N/A |
| Q4 FY2025 | $19.1B | +18.0% | $2.4B | 12.5% |
| Q3 FY2025 | $17.6B | +9.5% | $2.3B | 13.0% |
| Q2 FY2025 | $16.6B | -0.7% | $2.2B | 13.2% |
| Q1 FY2025 | $14.2B | -9.8% | $2.0B | 14.1% |
| Q4 FY2024 | $16.2B | -5.0% | $2.8B | 17.2% |
| Q3 FY2024 | $16.1B | -4.2% | $2.5B | 15.3% |
| Q2 FY2024 | $16.7B | -3.6% | $2.7B | 16.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.69B | $16.11B | $16.21B | $14.25B | $16.57B | $17.64B | $19.13B | $17.41B |
| YoY Growth | -3.6% | -4.2% | -5.0% | -9.8% | -0.7% | 9.5% | 18.0% | 22.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $83.34B | $86.27B | $87.76B | $84.97B | $90.33B | $93.72B | $98.58B | $95.55B |
| Liabilities | $66.20B | $66.87B | $68.27B | $66.90B | $71.66B | $73.06B | $77.27B | $76.89B |
| Equity | $17.14B | $19.40B | $19.49B | $18.07B | $18.66B | $20.66B | $21.32B | $18.66B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $3.02B | $3.57B | $3.39B | $1.29B | $3.12B | $3.74B | $3.59B |