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Side-by-side financial comparison of Advanced Micro Devices (AMD) and Caterpillar Inc. (CAT). Click either name above to swap in a different company.
Caterpillar Inc. is the larger business by last-quarter revenue ($19.1B vs $10.3B, roughly 1.9× Advanced Micro Devices). Advanced Micro Devices runs the higher net margin — 14.7% vs 12.5%, a 2.2% gap on every dollar of revenue. On growth, Advanced Micro Devices posted the faster year-over-year revenue change (34.1% vs 18.0%). Caterpillar Inc. produced more free cash flow last quarter ($2.7B vs $2.4B). Over the past eight quarters, Advanced Micro Devices's revenue compounded faster (37.0% CAGR vs 10.0%).
Advanced Micro DevicesAMDEarnings & Financial Report
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. AMD designs and produces high-performance CPUs, GPUs, and adaptive SoCs for data centers, gaming, PCs, and embedded systems. Its flagship product lines include Ryzen and EPYC processors, Radeon graphics, and Instinct AI accelerators. AMD acquired Xilinx in 2022, expanding into FPGAs and adaptive computing, and competes directly with Intel and NVIDIA.
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.
AMD vs CAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.3B | $19.1B |
| Net Profit | $1.5B | $2.4B |
| Gross Margin | 54.3% | 30.5% |
| Operating Margin | 17.1% | 13.9% |
| Net Margin | 14.7% | 12.5% |
| Revenue YoY | 34.1% | 18.0% |
| Net Profit YoY | 213.5% | -13.9% |
| EPS (diluted) | $0.92 | $5.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $10.3B | $19.1B | ||
| Q3 25 | $9.2B | $17.6B | ||
| Q2 25 | $7.7B | $16.6B | ||
| Q1 25 | $7.4B | $14.2B | ||
| Q4 24 | $7.7B | $16.2B | ||
| Q3 24 | $6.8B | $16.1B | ||
| Q2 24 | $5.8B | $16.7B | ||
| Q1 24 | $5.5B | $15.8B |
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $872.0M | $2.2B | ||
| Q1 25 | $709.0M | $2.0B | ||
| Q4 24 | $482.0M | $2.8B | ||
| Q3 24 | $771.0M | $2.5B | ||
| Q2 24 | $265.0M | $2.7B | ||
| Q1 24 | $123.0M | $2.9B |
| Q4 25 | 54.3% | 30.5% | ||
| Q3 25 | 51.7% | 33.8% | ||
| Q2 25 | 39.8% | 34.8% | ||
| Q1 25 | 50.2% | 37.1% | ||
| Q4 24 | 50.7% | 36.3% | ||
| Q3 24 | 50.1% | 37.5% | ||
| Q2 24 | 49.1% | 39.2% | ||
| Q1 24 | 46.8% | 38.8% |
| Q4 25 | 17.1% | 13.9% | ||
| Q3 25 | 13.7% | 17.3% | ||
| Q2 25 | -1.7% | 17.3% | ||
| Q1 25 | 10.8% | 18.1% | ||
| Q4 24 | 11.4% | 18.0% | ||
| Q3 24 | 10.6% | 19.5% | ||
| Q2 24 | 4.6% | 20.9% | ||
| Q1 24 | 0.7% | 22.3% |
| Q4 25 | 14.7% | 12.5% | ||
| Q3 25 | 13.4% | 13.0% | ||
| Q2 25 | 11.3% | 13.2% | ||
| Q1 25 | 9.5% | 14.1% | ||
| Q4 24 | 6.3% | 17.2% | ||
| Q3 24 | 11.3% | 15.3% | ||
| Q2 24 | 4.5% | 16.1% | ||
| Q1 24 | 2.2% | 18.1% |
| Q4 25 | $0.92 | $5.11 | ||
| Q3 25 | $0.75 | $4.88 | ||
| Q2 25 | $0.54 | $4.62 | ||
| Q1 25 | $0.44 | $4.20 | ||
| Q4 24 | $0.30 | $5.76 | ||
| Q3 24 | $0.47 | $5.06 | ||
| Q2 24 | $0.16 | $5.48 | ||
| Q1 24 | $0.07 | $5.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.6B | $10.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $63.0B | $21.3B |
| Total Assets | $76.9B | $98.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.6B | $10.0B | ||
| Q3 25 | $7.2B | $7.5B | ||
| Q2 25 | $5.9B | $5.4B | ||
| Q1 25 | $7.3B | $3.6B | ||
| Q4 24 | $5.1B | $6.9B | ||
| Q3 24 | $4.5B | $5.6B | ||
| Q2 24 | $5.3B | $4.3B | ||
| Q1 24 | $6.0B | $5.0B |
| Q4 25 | $63.0B | $21.3B | ||
| Q3 25 | $60.8B | $20.7B | ||
| Q2 25 | $59.7B | $18.7B | ||
| Q1 25 | $57.9B | $18.1B | ||
| Q4 24 | $57.6B | $19.5B | ||
| Q3 24 | $57.0B | $19.4B | ||
| Q2 24 | $56.5B | $17.1B | ||
| Q1 24 | $56.2B | $17.6B |
| Q4 25 | $76.9B | $98.6B | ||
| Q3 25 | $76.9B | $93.7B | ||
| Q2 25 | $74.8B | $90.3B | ||
| Q1 25 | $71.5B | $85.0B | ||
| Q4 24 | $69.2B | $87.8B | ||
| Q3 24 | $69.6B | $86.3B | ||
| Q2 24 | $67.9B | $83.3B | ||
| Q1 24 | $67.9B | $83.7B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.6B | $3.6B |
| Free Cash FlowOCF − Capex | $2.4B | $2.7B |
| FCF MarginFCF / Revenue | 23.2% | 14.1% |
| Capex IntensityCapex / Revenue | 2.2% | 4.7% |
| Cash ConversionOCF / Net Profit | 1.72× | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | $6.7B | $8.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $3.6B | ||
| Q3 25 | $2.2B | $3.7B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $939.0M | $1.3B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $628.0M | $3.6B | ||
| Q2 24 | $593.0M | $3.0B | ||
| Q1 24 | $521.0M | $2.1B |
| Q4 25 | $2.4B | $2.7B | ||
| Q3 25 | $1.9B | $3.1B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $727.0M | $579.0M | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $496.0M | $3.1B | ||
| Q2 24 | $439.0M | $2.7B | ||
| Q1 24 | $379.0M | $1.6B |
| Q4 25 | 23.2% | 14.1% | ||
| Q3 25 | 20.6% | 17.5% | ||
| Q2 25 | 22.5% | 15.5% | ||
| Q1 25 | 9.8% | 4.1% | ||
| Q4 24 | 14.2% | 16.6% | ||
| Q3 24 | 7.3% | 19.4% | ||
| Q2 24 | 7.5% | 16.1% | ||
| Q1 24 | 6.9% | 9.8% |
| Q4 25 | 2.2% | 4.7% | ||
| Q3 25 | 2.8% | 3.7% | ||
| Q2 25 | 3.7% | 3.3% | ||
| Q1 25 | 2.9% | 5.0% | ||
| Q4 24 | 2.7% | 4.3% | ||
| Q3 24 | 1.9% | 2.8% | ||
| Q2 24 | 2.6% | 2.0% | ||
| Q1 24 | 2.6% | 3.2% |
| Q4 25 | 1.72× | 1.50× | ||
| Q3 25 | 1.74× | 1.63× | ||
| Q2 25 | 2.31× | 1.43× | ||
| Q1 25 | 1.32× | 0.64× | ||
| Q4 24 | 2.70× | 1.22× | ||
| Q3 24 | 0.81× | 1.45× | ||
| Q2 24 | 2.24× | 1.13× | ||
| Q1 24 | 4.24× | 0.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMD
| Other | $5.4B | 52% |
| Client | $3.1B | 30% |
| Embedded | $950.0M | 9% |
| Gaming | $843.0M | 8% |
CAT
| Construction Industries | $6.9B | 36% |
| Resource Industries | $3.4B | 18% |
| Powergeneration | $3.2B | 17% |
| Oil And Gas Customer | $2.4B | 13% |
| Financial Products Segment | $1.1B | 6% |
| Industrial | $967.0M | 5% |
| Financial Products | $931.0M | 5% |
| Related Party | $190.0M | 1% |
