Caterpillar

CAT · NYSE · USD

$845.42+2.31%+$19.07

Close · October 2, 2026

At a glance

Revenue growth: +4.29%; 2025 vs 2024
Net income growth: −17.68%; 2025 vs 2024
Net margin: 13.1%; 2024: 16.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	98,585	87,764	87,476	81,943	82,793	78,324	78,453	78,509	76,962	74,704
Current assets	52,485	45,682	46,949	43,785	43,455	39,464	39,193	38,603	36,244	31,967
Cash and equivalents	9,333	6,165	6,106	6,042	8,428	8,822	7,299	6,968	7,381	5,257
Short-term investments	—	—	1,900	—	964	—	—	—	—	—
Receivables	11,217	9,520	9,556	9,103	8,664	7,178	8,484	8,714	7,376	5,919
Inventory	18,135	16,827	16,565	16,270	14,038	11,402	11,266	11,529	10,018	8,614
Net property, plant and equipment	15,848	10,123	9,250	8,750	8,797	8,912	9,230	9,085	9,823	10,899
Goodwill	5,321	5,241	5,308	5,288	6,324	6,394	6,196	6,217	6,183	6,003
Other intangible assets	241	399	564	758	1,042	1,308	1,565	1,897	2,106	2,344
Long-term investments	—	—	—	—	—	4.0	—	—	—	249
Current liabilities	36,558	32,272	34,728	31,531	29,847	25,717	26,621	28,218	26,931	26,132
Accounts payable	8,968	7,675	7,906	8,689	8,154	6,128	5,957	7,051	6,487	4,614
Long-term debt	10,584	8,497	8,507	9,442	9,667	9,646	9,013	8,005	7,492	8,368
Total debt	11,441	9,212	10,197	10,197	10,433	11,789	9,791	8,015	7,935	8,943
Total liabilities	77,267	68,270	67,973	66,052	66,277	62,946	63,824	64,429	63,196	61,491
Total equity (incl. minority)	21,318	19,494	19,503	15,891	16,516	15,378	14,629	14,080	13,766	13,213
Retained earnings	65,448	59,352	51,250	43,514	39,282	35,167	34,437	30,427	26,301	27,377
Minority interest	0.0	3.0	9.0	22.0	32.0	47.0	41.0	41.0	69.0	76.0