Saturday 17 October 2026
Export CAT’s income statement to Excel — free account
Caterpillar Inc.
CAT Industrials Farm & Heavy Construction Machinery
Caterpillar Inc.’s revenue for fiscal 2025 (year ended December 2025) was $67.6 billion, up 4.29% from fiscal 2024. In the quarter to June 2026, revenue grew 24.0%, EPS grew 68.1%, free cash flow grew 47.1% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
729.49
9.60
−1.30%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 120.80 | 12.27 | 13.64 | 33.09 | 17.31 | 18.77 | 14.45 | 16.36 | 30.28 |
Piotroski F-Score |
4 | 7 | 8 | 5 | 6 | 7 | 8 | 8 | 7 | 5 |
P/S ratio |
1.43 | 2.04 | 1.37 | 1.54 | 2.37 | 2.21 | 2.12 | 2.23 | 2.72 | 3.98 |
Altman Z-Score |
1.73 | 2.32 | 2.48 | 2.65 | 2.53 | 2.79 | 3.14 | 3.62 | 3.96 | 4.32 |
Altman Z″-Score (non-manufacturers) |
2.09 | 2.58 | 3.13 | 3.50 | 3.31 | 3.48 | 3.66 | 4.20 | 4.61 | 4.37 |
P/FCF ratio |
15.21 | 20.50 | 16.42 | 15.37 | 19.87 | 18.77 | 20.99 | 14.13 | 18.50 | 32.99 |
Beneish M-Score |
(2.87) | (2.76) | (2.44) | (2.48) | (2.68) | (2.47) | (2.53) | (2.59) | (2.57) | (2.43) |
P/Operating CF |
33.00 | 171.79 | 36.08 | 34.07 | 47.80 | 79.65 | 45.95 | 37.34 | 52.04 | 74.98 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 86 |
P/B ratio |
4.16 | 6.75 | 5.34 | 5.67 | 6.44 | 6.81 | 7.92 | 7.66 | 9.06 | 12.63 |
Price to Tangible BV |
11.34 | 17.04 | 12.60 | 12.08 | 12.90 | 12.29 | 12.78 | 10.96 | 12.74 | 17.09 |
EV/Sales |
2.19 | 2.63 | 1.90 | 2.09 | 3.04 | 2.77 | 2.62 | 2.69 | 3.21 | 4.48 |
EV/EBITDA |
17.64 | 14.98 | 8.81 | 9.66 | 16.75 | 14.56 | 13.42 | 11.17 | 12.60 | 20.48 |
EV/Operating CF |
14.99 | 20.95 | 15.83 | 16.25 | 20.05 | 19.59 | 20.07 | 14.00 | 17.29 | 25.78 |
EV/FCF |
23.42 | 26.37 | 22.68 | 20.81 | 25.45 | 23.54 | 25.99 | 17.06 | 21.81 | 37.08 |
Quick Ratio |
0.83 | 0.91 | 0.90 | 0.98 | 1.02 | 0.89 | 0.79 | 0.74 | 0.80 | 0.86 |
Current Ratio |
1.22 | 1.35 | 1.37 | 1.47 | 1.53 | 1.46 | 1.39 | 1.35 | 1.42 | 1.44 |
Net Debt/EBITDA |
6.18 | 3.33 | 2.44 | 2.53 | 3.67 | 2.95 | 2.58 | 1.91 | 1.91 | 2.26 |
Debt/Assets |
49.24% | 45.32% | 46.56% | 48.00% | 47.45% | 45.64% | 45.14% | 43.30% | 43.76% | 43.95% |
Debt/Equity |
2.78 | 2.53 | 2.60 | 2.57 | 2.42 | 2.29 | 2.33 | 1.94 | 1.97 | 2.03 |
Asset Turnover |
0.50 | 0.60 | 0.70 | 0.69 | 0.53 | 0.63 | 0.72 | 0.79 | 0.74 | 0.73 |
Operating CF/Net income |
(84.16) | 7.57 | 1.07 | 1.13 | 2.11 | 1.11 | 1.16 | 1.25 | 1.12 | 1.32 |
Capex/Depreciation |
(0.67) | (0.41) | (0.72) | (0.59) | (0.55) | (0.51) | (0.56) | (1.08) | (1.16) | (1.58) |
Interest Coverage |
1.60 | 4.34 | 8.01 | 7.70 | 4.66 | 7.78 | 8.40 | 9.08 | 7.99 | 6.72 |
| (0.48%) | 5.59% | 44.15% | 42.45% | 19.98% | 40.69% | 41.38% | 58.40% | 55.35% | 43.54% | |
| (0.09%) | 0.99% | 7.91% | 7.76% | 3.82% | 8.06% | 8.14% | 12.20% | 12.32% | 9.53% | |
ROIC |
1.70% | 6.90% | 12.12% | 11.78% | 6.59% | 9.54% | 10.77% | 16.08% | 16.02% | 12.75% |
Return on Tangible Assets |
(0.32%) | 3.21% | 25.66% | 23.92% | 11.47% | 25.25% | 27.61% | 41.50% | 40.31% | 28.60% |
Average Days of Receivables |
137.36 | 130.01 | 116.41 | 121.47 | 146.71 | 124.42 | 109.75 | 102.44 | 106.15 | 116.48 |
Research and Development Expense of Revenue |
4.81% | 4.05% | 3.38% | 3.15% | 3.39% | 3.31% | 3.05% | 3.14% | 3.25% | 3.18% |
Selling, General and Administrative Expense of Revenue |
11.37% | 11.00% | 10.01% | 9.59% | 11.12% | 10.53% | 9.51% | 9.50% | 10.29% | 10.33% |
Intangible Assets out of Total Assets |
0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.09 | 0.07 | 0.07 | 0.06 | 0.06 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.54) | (0.29) | (0.34) | (0.30) | (0.24) | (0.20) | (0.18) | (0.14) | (0.13) | (0.09) |
Graham Number |
0.00 | 26.08 | 74.50 | 79.67 | 59.14 | 90.31 | 92.94 | 131.92 | 141.38 | 138.96 |
Earnings Yield |
(0.13%) | 0.83% | 8.15% | 7.33% | 3.02% | 5.78% | 5.33% | 6.92% | 6.11% | 3.30% |
Free Cash Flow Yield |
6.57% | 4.88% | 6.09% | 6.51% | 5.03% | 5.33% | 4.76% | 7.07% | 5.40% | 3.03% |
Revenue per Share |
65.95 | 76.82 | 92.53 | 95.80 | 76.73 | 93.70 | 112.79 | 131.34 | 133.16 | 143.81 |
Operating CF per Share |
9.65 | 9.64 | 11.09 | 12.31 | 11.63 | 13.23 | 14.74 | 25.24 | 24.73 | 24.98 |
Capex per Share |
(3.47) | (1.98) | (3.35) | (2.70) | (2.47) | (2.22) | (3.36) | (4.53) | (5.12) | (7.61) |
Free Cash Flow per Share |
6.18 | 7.66 | 7.74 | 9.61 | 9.16 | 11.01 | 11.38 | 20.71 | 19.61 | 17.36 |
Cash per Share |
12.27 | 13.96 | 13.29 | 14.75 | 17.19 | 17.01 | 13.29 | 13.67 | 14.15 | 21.23 |
Shareholders Equity per Share |
22.61 | 23.26 | 23.81 | 26.05 | 28.26 | 30.36 | 30.16 | 38.20 | 40.05 | 45.36 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
22.61 | 23.26 | 23.81 | 26.05 | 28.26 | 30.36 | 30.16 | 38.20 | 40.05 | 45.36 |
Free Cash Flow |
3,610.00 | 4,534.00 | 4,578.00 | 5,396.00 | 4,984.00 | 5,991.00 | 5,997.00 | 10,574.00 | 9,542.00 | 8,161.00 |
Working Capital |
5,835.00 | 9,313.00 | 10,385.00 | 12,572.00 | 13,747.00 | 13,608.00 | 12,254.00 | 12,221.00 | 13,410.00 | 15,927.00 |
Capital Expenditures |
(2,029.00) | (1,172.00) | (1,980.00) | (1,516.00) | (1,343.00) | (1,207.00) | (1,769.00) | (2,311.00) | (2,493.00) | (3,578.00) |
Net Current Asset Value |
(29,524.00) | (26,952.00) | (25,826.00) | (24,631.00) | (23,482.00) | (22,822.00) | (22,267.00) | (21,024.00) | (22,588.00) | (24,782.00) |
EV/EBIT |
48.09 | 23.41 | 11.52 | 12.42 | 24.67 | 19.23 | 18.40 | 12.89 | 14.49 | 24.19 |
Capex to Sales |
0.05 | 0.03 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 |
Price to Operating Income |
47.26 | 20.84 | 9.06 | 10.00 | 21.75 | 16.35 | 15.92 | 11.53 | 13.51 | 24.15 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.19 | 0.26 | 0.17 | 0.16 | 0.15 |
Cash ROIC |
6.32% | 7.97% | 7.83% | 8.91% | 8.05% | 9.43% | 10.01% | 16.43% | 14.73% | 10.94% |
Accounts Receivable Turnover |
2.55 | 2.96 | 3.25 | 3.04 | 2.41 | 2.98 | 3.37 | 3.66 | 3.44 | 3.34 |
Accounts Payable Turnover |
5.82 | 5.63 | 5.47 | 5.63 | 4.81 | 4.97 | 4.91 | 5.15 | 5.16 | 5.38 |
Inventory Turnover |
3.06 | 3.36 | 3.43 | 3.21 | 2.57 | 2.79 | 2.73 | 2.61 | 2.41 | 2.56 |
Average Days of Payables |
60.05 | 75.74 | 69.56 | 59.36 | 76.91 | 83.81 | 76.70 | 67.47 | 69.69 | 73.14 |
Days of Inventory on Hand |
112.11 | 116.97 | 113.74 | 112.26 | 143.10 | 144.28 | 143.62 | 141.38 | 152.79 | 147.91 |
Average Receivables |
15,094.50 | 15,348.00 | 16,822.50 | 17,678.00 | 17,342.00 | 17,077.50 | 17,622.00 | 18,344.50 | 18,833.50 | 20,208.00 |
Average Payables |
4,818.50 | 5,550.50 | 6,769.00 | 6,504.00 | 6,042.50 | 7,141.00 | 8,421.50 | 8,297.50 | 7,790.50 | 8,321.50 |
Average Inventory |
9,157.00 | 9,316.00 | 10,773.50 | 11,397.50 | 11,334.00 | 12,720.00 | 15,154.00 | 16,417.50 | 16,696.00 | 17,481.00 |
Average Assets |
76,523.00 | 75,833.00 | 77,735.50 | 78,481.00 | 78,388.50 | 80,558.50 | 82,368.00 | 84,709.50 | 87,620.00 | 93,174.50 |
Average Common Equity |
14,049.00 | 13,489.50 | 13,923.00 | 14,354.50 | 15,003.50 | 15,947.00 | 16,203.50 | 17,697.00 | 19,498.50 | 20,406.00 |
Columns are period end dates