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.
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Caterpillar Inc. (CAT) Return on invested capital
Caterpillar Inc.'s return on invested capital over the twelve months to 30 June 2026 was 14.2%, up 1.4 percentage points from fiscal 2025 (12.8%). Over the past ten years it has ranged from 1.70% (fiscal 2016) to 16.1% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Farm & Heavy Construction Machinery industry median of 3.36% and above the Industrials sector median of 2.30%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 12.8% | (3.27) |
| FY2024 | 16.0% | (0.06) |
| FY2023 | 16.1% | 5.31 |
| FY2022 | 10.8% | 1.23 |
| FY2021 | 9.54% | 2.95 |
| FY2020 | 6.59% | (5.19) |
| FY2019 | 11.8% | (0.34) |
| FY2018 | 12.1% | 5.22 |
| FY2017 | 6.90% | 5.20 |
| FY2016 | 1.70% | (3.39) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| CAT Caterpillar Inc. | 14.2% |
| FSS Federal Signal Corporation compare | 13.0% |
| OSK Oshkosh Corporation compare | 10.6% |
| PCAR PACCAR Inc. compare | 8.85% |
| ALG Alamo Group, Inc. compare | 7.37% |
| AGCO AGCO Corporation compare | 6.05% |
| DE Deere & Company compare | 4.93% |
| CNH CNH Industrial N.V. compare | 4.91% |
| TEX Terex Corporation compare | 3.31% |
| Farm & Heavy Construction Machinery industry median | 3.36% |
| Industrials sector median | 2.30% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on CAT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement