vs
Side-by-side financial comparison of Caterpillar Inc. (CAT) and Lilly (Eli) (LLY). Click either name above to swap in a different company.
Lilly (Eli) is the larger business by last-quarter revenue ($19.3B vs $19.1B, roughly 1.0× Caterpillar Inc.). Lilly (Eli) runs the higher net margin — 34.4% vs 12.5%, a 21.9% gap on every dollar of revenue. On growth, Lilly (Eli) posted the faster year-over-year revenue change (42.6% vs 18.0%). Over the past eight quarters, Lilly (Eli)'s revenue compounded faster (48.3% CAGR vs 10.0%).
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.
Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.
CAT vs LLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.1B | $19.3B |
| Net Profit | $2.4B | $6.6B |
| Gross Margin | 30.5% | 82.5% |
| Operating Margin | 13.9% | 42.8% |
| Net Margin | 12.5% | 34.4% |
| Revenue YoY | 18.0% | 42.6% |
| Net Profit YoY | -13.9% | 50.5% |
| EPS (diluted) | $5.11 | $7.39 |
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 | $19.1B | $19.3B | ||
| Q3 25 | $17.6B | $17.6B | ||
| Q2 25 | $16.6B | $15.6B | ||
| Q1 25 | $14.2B | $12.7B | ||
| Q4 24 | $16.2B | $13.5B | ||
| Q3 24 | $16.1B | $11.4B | ||
| Q2 24 | $16.7B | $11.3B | ||
| Q1 24 | $15.8B | $8.8B |
| Q4 25 | $2.4B | $6.6B | ||
| Q3 25 | $2.3B | $5.6B | ||
| Q2 25 | $2.2B | $5.7B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $2.8B | $4.4B | ||
| Q3 24 | $2.5B | $970.3M | ||
| Q2 24 | $2.7B | $3.0B | ||
| Q1 24 | $2.9B | $2.2B |
| Q4 25 | 30.5% | 82.5% | ||
| Q3 25 | 33.8% | 82.9% | ||
| Q2 25 | 34.8% | 84.3% | ||
| Q1 25 | 37.1% | 82.5% | ||
| Q4 24 | 36.3% | 82.2% | ||
| Q3 24 | 37.5% | 81.0% | ||
| Q2 24 | 39.2% | 80.8% | ||
| Q1 24 | 38.8% | 80.9% |
| Q4 25 | 13.9% | 42.8% | ||
| Q3 25 | 17.3% | 41.1% | ||
| Q2 25 | 17.3% | 43.6% | ||
| Q1 25 | 18.1% | 27.2% | ||
| Q4 24 | 18.0% | 37.2% | ||
| Q3 24 | 19.5% | 13.9% | ||
| Q2 24 | 20.9% | 31.1% | ||
| Q1 24 | 22.3% | 28.9% |
| Q4 25 | 12.5% | 34.4% | ||
| Q3 25 | 13.0% | 31.7% | ||
| Q2 25 | 13.2% | 36.4% | ||
| Q1 25 | 14.1% | 21.7% | ||
| Q4 24 | 17.2% | 32.6% | ||
| Q3 24 | 15.3% | 8.5% | ||
| Q2 24 | 16.1% | 26.3% | ||
| Q1 24 | 18.1% | 25.6% |
| Q4 25 | $5.11 | $7.39 | ||
| Q3 25 | $4.88 | $6.21 | ||
| Q2 25 | $4.62 | $6.29 | ||
| Q1 25 | $4.20 | $3.06 | ||
| Q4 24 | $5.76 | $4.88 | ||
| Q3 24 | $5.06 | $1.07 | ||
| Q2 24 | $5.48 | $3.28 | ||
| Q1 24 | $5.75 | $2.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.0B | $7.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $21.3B | $26.5B |
| Total Assets | $98.6B | $112.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.0B | $7.3B | ||
| Q3 25 | $7.5B | $9.9B | ||
| Q2 25 | $5.4B | $3.5B | ||
| Q1 25 | $3.6B | $3.2B | ||
| Q4 24 | $6.9B | $3.4B | ||
| Q3 24 | $5.6B | $3.5B | ||
| Q2 24 | $4.3B | $3.4B | ||
| Q1 24 | $5.0B | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $29.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $21.3B | $26.5B | ||
| Q3 25 | $20.7B | $23.8B | ||
| Q2 25 | $18.7B | $18.3B | ||
| Q1 25 | $18.1B | $15.8B | ||
| Q4 24 | $19.5B | $14.2B | ||
| Q3 24 | $19.4B | $14.2B | ||
| Q2 24 | $17.1B | $13.6B | ||
| Q1 24 | $17.6B | $12.8B |
| Q4 25 | $98.6B | $112.5B | ||
| Q3 25 | $93.7B | $114.9B | ||
| Q2 25 | $90.3B | $100.9B | ||
| Q1 25 | $85.0B | $89.4B | ||
| Q4 24 | $87.8B | $78.7B | ||
| Q3 24 | $86.3B | $75.6B | ||
| Q2 24 | $83.3B | $71.9B | ||
| Q1 24 | $83.7B | $63.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.6B | $3.2B |
| Free Cash FlowOCF − Capex | $2.7B | — |
| FCF MarginFCF / Revenue | 14.1% | — |
| Capex IntensityCapex / Revenue | 4.7% | — |
| Cash ConversionOCF / Net Profit | 1.50× | 0.49× |
| TTM Free Cash FlowTrailing 4 quarters | $8.9B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $3.2B | ||
| Q3 25 | $3.7B | $8.8B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $3.4B | $2.5B | ||
| Q3 24 | $3.6B | $3.7B | ||
| Q2 24 | $3.0B | $1.5B | ||
| Q1 24 | $2.1B | $1.2B |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $579.0M | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | 14.1% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 19.4% | — | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 9.8% | — |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 1.50× | 0.49× | ||
| Q3 25 | 1.63× | 1.58× | ||
| Q2 25 | 1.43× | 0.55× | ||
| Q1 25 | 0.64× | 0.60× | ||
| Q4 24 | 1.22× | 0.56× | ||
| Q3 24 | 1.45× | 3.83× | ||
| Q2 24 | 1.13× | 0.49× | ||
| Q1 24 | 0.72× | 0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
LLY
| Other | $5.4B | 28% |
| Zepbound | $4.2B | 22% |
| Mounjaro | $4.1B | 21% |
| Verzenio | $997.1M | 5% |
| Collaborationand Other Revenue | $991.7M | 5% |
| Taltz | $724.3M | 4% |
| Trulicity | $692.8M | 4% |
| Other Cardiometabolic Health | $524.5M | 3% |
| Other Oncology | $514.8M | 3% |
| Jardiance | $465.8M | 2% |
| Neuroscience | $320.2M | 2% |
| Other Immunology | $187.3M | 1% |
| Other Product Total | $77.0M | 0% |
