Friday 6 November 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.

Revenue: +17.3%
EPS: +45.8%
Free cash flow: +27.4%
Total debt: +8.83%

Quarter to September 2026, against a year earlier

555.00 36.30 −6.14%

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Market cap: $254.5B
P/E: 21.7×
Fwd P/E: 23.2×
Dividend yield: 1.13%
F-score: 5/9
Altman Z: 4.32
Beneish M: −2.43
Dividend safety: 86/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Caterpillar Inc. (CAT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Sales of Machinery, Power & Energy	63,980	94.66%
Financial Products	3,609	5.34%
Gross margin		33.79%
Operating margin		16.50%
Pre-tax margin		17.08%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Sales of Machinery, Power & Energy	63,980 94.66%	61,363 94.68%	63,869 95.24%	56,574 95.20%	48,188 94.54%	39,022 93.47%	50,755 94.34%	51,822 94.70%	42,676 93.87%	35,773 92.83%
Financial Products	3,609 5.34%	3,446 5.32%	3,191 4.76%	2,853 4.80%	2,783 5.46%	2,726 6.53%	3,045 5.66%	2,900 5.30%	2,786 6.13%	2,764 7.17%
Revenue	67,589	64,809	67,060	59,427	50,971	41,748	53,800	54,722	45,462	38,537

Revenue by segment $m

Line	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Machinery, Energy & Transportation	42,676 93.87%	35,773 92.83%	44,147 93.91%	52,142 94.49%	52,694 94.68%	63,068 95.74%	57,392 95.43%	39,867 93.61%	29,540 91.18%
Financial Products Segment	3,167 6.97%	—	—	—	—	—	—	—	—
Financial Products	—	3,065 7.95%	3,179 6.76%	3,386 6.14%	3,302 5.93%	3,160 4.80%	3,057 5.08%	2,986 7.01%	3,168 9.78%
Intersegment Eliminations	—	—	—	—	—	—	—	(265) (0.62%)	(312) (0.96%)
Eliminations	(381) (0.84%)	(301) (0.78%)	(315) (0.67%)	(344) (0.62%)	(340) (0.61%)	(353) (0.54%)	(311) (0.52%)	—	—
Revenue	45,462	38,537	47,011	55,184	55,656	65,875	60,138	42,588	32,396

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Outside United States	34,709 51.35%	34,185 52.75%	36,007 53.69%	35,059 59.00%	31,673 62.14%	25,479 61.03%	30,994 57.61%	32,032 58.54%	26,910 59.19%	22,581 58.60%	27,793 59.12%	34,062 61.72%	37,077 66.62%
U.S. Pension Benefits	32,880 48.65%	30,624 47.25%	31,053 46.31%	24,368 41.00%	19,298 37.86%	16,269 38.97%	22,806 42.39%	22,690 41.46%	18,552 40.81%	15,956 41.40%	19,218 40.88%	21,122 38.28%	18,579 33.38%
Also reported: a second breakdown of the same revenue
North  America	36,609 54.16%	34,397 53.07%	34,606 51.60%	27,981 47.08%	22,023 43.21%	18,214 43.63%	25,785 47.93%	25,623 46.82%	—	—	—	—	—
EAME	12,793 18.93%	12,316 19.00%	13,673 20.39%	12,814 21.56%	12,137 23.81%	9,858 23.61%	11,223 20.86%	11,929 21.80%	—	—	—	—	—
Asia/  Pacific	11,199 16.57%	11,388 17.57%	12,116 18.07%	11,894 20.01%	11,725 23.00%	10,244 24.54%	12,082 22.46%	12,475 22.80%	—	—	—	—	—
Latin  America	6,988 10.34%	6,708 10.35%	6,665 9.94%	6,738 11.34%	5,086 9.98%	3,432 8.22%	4,710 8.75%	4,695 8.58%	—	—	—	—	—
Revenue	67,589	64,809	67,060	59,427	50,971	41,748	53,800	54,722	45,462	38,537	47,011	55,184	55,656

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Past dues at Cat Financial	Q3 FY2026	1.31%	1.47%	—
Remaining performance obligations	Q3 FY2026	$49.4B	$22.5B	+119.56%
Write-offs, net of recoveries	Q3 FY2026	$28.0M	$40.0M	−30.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.