Caterpillar financials
$826.64+0.82%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.59B | $64.81B | $67.06B | $59.43B | $50.97B | $41.75B | $53.80B | $54.72B | $45.46B | $38.54B |
| Gross profit | $22.84B | $24.61B | $24.29B | $18.08B | $15.46B | $12.67B | $17.17B | $17.73B | $14.20B | $10.49B |
| Gross margin | 33.8% | 38.0% | 36.2% | 30.4% | 30.3% | 30.3% | 31.9% | 32.4% | 31.2% | 27.2% |
| Operating income | $12.51B | $14.36B | $14.00B | $8.47B | $7.33B | $5.14B | $9.04B | $9.02B | $5.11B | $1.76B |
| Net income | $8.88B | $10.79B | $10.34B | $6.71B | $6.49B | $3.00B | $6.09B | $6.15B | $754.0M | -$67.0M |
| Net margin | 13.1% | 16.7% | 15.4% | 11.3% | 12.7% | 7.2% | 11.3% | 11.2% | 1.7% | −0.2% |
| Diluted EPS | $18.81 | $22.05 | $20.12 | $12.64 | $11.83 | $5.46 | $10.74 | $10.26 | $1.26 | $-0.11 |
| EBITDA | $14.77B | $16.51B | $16.14B | $11.61B | $9.69B | $7.57B | $11.62B | $11.78B | $7.98B | $5.39B |
| Operating cash flow | $11.74B | $12.04B | $12.88B | $7.77B | $7.20B | $6.33B | $6.91B | $6.56B | $5.71B | $5.64B |
| Free cash flow | $7.45B | $8.82B | $9.79B | $5.17B | $4.73B | $4.21B | $4.24B | $3.64B | $3.37B | $2.71B |
| Diluted shares | 472.3M | 489.4M | 513.6M | 530.4M | 548.5M | 548.6M | 567.5M | 599.4M | 599.3M | 584.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $9.98B | $6.89B | $6.98B | $7.00B | $9.25B | $9.35B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $43.33B | $38.41B | $37.88B | $36.99B | $37.79B | $37.16B |
| Total assets | $98.58B | $87.76B | $87.48B | $81.94B | $82.79B | $78.32B |
| Total liabilities | $77.27B | $68.27B | $67.97B | $66.05B | $66.28B | $62.95B |
| Shareholders' equity | $21.32B | $19.49B | $19.50B | $15.89B | $16.52B | $15.38B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology