Caterpillar

CAT · NYSE · USD

$846.83+2.48%+$20.48

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.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	67,589	64,809	67,060	59,427	50,971	41,748	53,800	54,722	45,462	38,537
Cost of revenue	48,127	43,721	45,785	43,862	37,782	31,621	39,338	39,819	33,638	30,402
Gross profit	19,462	21,088	21,275	15,565	13,189	10,127	14,462	14,903	11,824	8,135
Selling, general and administrative	5,800	5,716	5,619	4,110	3,433	3,957	4,796	4,806	4,425	4,476
Research and development	2,148	2,107	2,108	1,814	1,686	1,415	1,693	1,850	1,842	1,853
Operating income	11,764	13,563	13,668	9,756	8,274	4,835	8,113	8,336	5,576	1,884
EBIT	11,764	13,563	13,668	9,756	8,274	4,835	8,113	8,336	5,576	1,884
EBITDA	13,961	15,716	15,812	11,975	10,626	7,267	10,690	11,102	8,453	4,918
Interest expense	502	512	511	443	488	514	421	404	531	503
Pre-tax income	11,650	13,417	13,113	8,771	8,235	4,009	7,840	7,846	4,098	133
Income tax	2,768	2,629	2,781	2,067	1,742	1,006	1,746	1,698	3,339	192
Net income	8,884	10,792	10,335	6,705	6,489	2,998	6,093	6,147	754	-67.0
Net income to common shareholders	8,884	10,792	10,335	6,705	6,489	2,998	6,093	6,147	754	-67.0
Basic EPS	18.90	22.17	20.24	12.73	11.93	5.51	10.85	10.39	1.27	-0.11
Diluted EPS	18.81	22.05	20.12	12.64	11.83	5.46	10.74	10.26	1.26	-0.11
Average shares (basic)	470	487	511	527	544	544	562	591	592	584
Average shares (diluted)	472	489	514	530	549	549	568	599	599	584
Dividend per share	5.94	5.53	5.10	4.71	4.36	4.12	3.95	3.36	3.11	3.08