stockrowCaterpillar 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.
- Revenue
- +17.3%
- EPS
- +45.8%
- Free cash flow
- +27.4%
- Total debt
- +8.83%
Quarter to September 2026, against a year earlier
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Caterpillar Inc. (CAT) Gross margin
Caterpillar Inc.'s gross margin over the twelve months to 30 September 2026 was 34.8%, up 1.0 percentage points from fiscal 2025 (33.8%). Over the past ten years it has ranged from 27.2% (fiscal 2016) to 38.0% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Farm & Heavy Construction Machinery industry median of 22.9% and above the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 33.8% | (4.18) |
| FY2024 | 38.0% | 1.74 |
| FY2023 | 36.2% | 5.81 |
| FY2022 | 30.4% | 0.09 |
| FY2021 | 30.3% | (0.01) |
| FY2020 | 30.3% | (1.57) |
| FY2019 | 31.9% | (0.48) |
| FY2018 | 32.4% | 1.15 |
| FY2017 | 31.2% | 4.01 |
| FY2016 | 27.2% | (1.41) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 35.5% | (2.24) |
| Jun 2026 | 37.8% | 2.70 |
| Mar 2026 | 35.1% | 4.63 |
| Dec 2025 | 30.5% | (3.37) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| DE Deere & Company compare | 36.6% |
| CAT Caterpillar Inc. | 34.8% |
| CNH CNH Industrial N.V. compare | 30.6% |
| FSS Federal Signal Corporation compare | 29.1% |
| AGCO AGCO Corporation compare | 25.0% |
| BLBD Blue Bird Corporation compare | 20.6% |
| PCAR PACCAR Inc. compare | 20.2% |
| TEX Terex Corporation compare | 17.1% |
| OSK Oshkosh Corporation compare | 15.4% |
| Farm & Heavy Construction Machinery industry median | 22.9% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
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- Piotroski F-score
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