Caterpillar Inc (CAT) Financial Statements
Industry: Construction Machinery & Equip
In fiscal 2025, Caterpillar reported revenue of $67.59B, up 4.3% from $64.81B the year before. Net income was $8.88B (a 13.1% net margin), or $18.81 per diluted share. Gross margin was 33.8% and operating margin was 16.5%. Operating activities generated $11.74B of cash, leaving $8.92B of free cash flow. At fiscal year end, Caterpillar held $98.58B in total assets against $77.27B in total liabilities, including $9.98B of cash and equivalents.
Open the full interactive Caterpillar financials → Quarterly statements, key ratios, valuation history and price charts.
Caterpillar Key Stats
| Share Price | $772.78 |
|---|---|
| Market Cap | $357.41B |
| P/E Ratio | 41.1 |
| Revenue YoY Growth | +4.3% |
| 52-Week Range | $500.26 – $1,062.93 |
| Shares Outstanding | 460.4 million (basic, 2026 Q2) |
Caterpillar Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $41.75B | $50.97B | $59.43B | $67.06B | $64.81B | $67.59B |
| Cost of Goods Sold | $37.20B | $44.09B | $51.52B | $54.09B | $33.0M | $49.0M |
| Gross Profit | $12.67B | $15.46B | $18.08B | $24.29B | $24.61B | $22.84B |
| Operating Income | $4.55B | $6.88B | $7.90B | $12.97B | $13.07B | $11.15B |
| Pre-Tax Income | $4.00B | $8.20B | $8.75B | $13.05B | $13.37B | $11.54B |
| Income Tax | $1.01B | $1.74B | $2.07B | $2.78B | $2.63B | $2.77B |
| Net Income | $3.00B | $6.49B | $6.71B | $10.34B | $10.79B | $8.88B |
| Diluted EPS | $5.46 | $11.83 | $12.64 | $20.12 | $22.05 | $18.81 |
Caterpillar Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $17.64B | $19.13B | $17.41B | $20.54B |
| Net Income | $2.30B | $2.40B | $2.55B | $3.59B |
| Diluted EPS | $4.88 | $5.09 | $5.47 | $7.77 |
Caterpillar Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | $9.25B | $7.00B | $6.98B | $6.89B | $9.98B |
| Current Assets | $39.46B | $43.45B | $43.78B | $46.95B | $45.68B | $52.48B |
| Total Assets | $78.32B | $82.79B | $81.94B | $87.48B | $87.76B | $98.58B |
| Current Liabilities | $25.72B | $29.85B | $31.53B | $34.73B | $32.27B | $36.56B |
| Total Long-Term Debt | $26.00B | $26.03B | $25.71B | $24.47B | $27.35B | $30.70B |
| Total Liabilities | $62.95B | $66.28B | $66.05B | $67.97B | $68.27B | $77.27B |
| Shareholders' Equity | $15.38B | $16.52B | $15.89B | $19.50B | $19.49B | $21.32B |
Caterpillar Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $6.33B | $7.20B | $7.77B | $12.88B | $12.04B | $11.74B |
| Cash From Investing | -$1.49B | -$3.08B | -$2.54B | -$5.87B | -$2.45B | -$4.71B |
| Cash From Financing | -$3.75B | -$4.19B | -$7.28B | -$6.93B | -$9.56B | -$3.90B |
| Free Cash Flow | $5.35B | $6.11B | $6.47B | $11.29B | $10.05B | $8.92B |
Figures from Caterpillar's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Caterpillar financials page for every line item.
Caterpillar Company Profile
| Ticker | CAT |
|---|---|
| Exchange | NYSE |
| Industry | Construction Machinery & Equip |
| Headquarters | Irving, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000018230 |
Frequently Asked Questions
What was Caterpillar's revenue in fiscal 2025?
Caterpillar (CAT) reported revenue of $67.59B for fiscal 2025.
What is Caterpillar's annual revenue history?
Caterpillar's annual revenue by fiscal year: 2020: $41.75B; 2021: $50.97B; 2022: $59.43B; 2023: $67.06B; 2024: $64.81B; 2025: $67.59B.
What was Caterpillar's net income in fiscal 2025?
Caterpillar reported net income of $8.88B for fiscal 2025.
What was Caterpillar's earnings per share (EPS) in fiscal 2025?
Caterpillar's diluted EPS was $18.81 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Caterpillar generate in fiscal 2025?
Caterpillar generated $8.92B of free cash flow in fiscal 2025.
What was Caterpillar's revenue last quarter?
In its most recent reported quarter (2026 Q2), Caterpillar reported revenue of $20.54B.
How much debt does Caterpillar have?
Caterpillar reported $30.70B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Caterpillar are outstanding?
Caterpillar reported a weighted average of 460.4 million basic shares outstanding in 2026 Q2.
What is Caterpillar's market cap?
Based on its latest closing price, Caterpillar (CAT) has a market capitalization of about $357.41B.
When does Caterpillar's fiscal year end?
Caterpillar's fiscal year end, as registered with the SEC, is December 31.
Where is Caterpillar headquartered?
Caterpillar lists its business address in Irving, Texas in its SEC filings.