CAT
Caterpillar Inc.
Stock
$826.35+15.56 (+1.92%)Close Oct 1, 2026
Income statement
| Line | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $74.7B | $67.6B | $64.8B | $67.1B | $59.4B | $51.0B | $41.7B | $53.8B | $54.7B | $45.5B | $38.5B | $47.0B | $55.2B | $55.7B | $65.9B | $60.1B | $42.6B | $32.4B | $51.3B | $45.0B |
| Cost of revenue | $49.1B | $44.8B | $40.2B | $42.8B | $41.4B | $35.5B | $29.1B | $36.6B | $37.0B | $31.3B | $28.0B | $33.5B | $40.7B | $40.7B | $47.1B | $43.6B | $30.4B | $23.9B | $38.4B | $32.6B |
| Gross profit | $25.7B | $22.8B | $24.6B | $24.3B | $18.1B | $15.5B | $12.7B | $17.2B | $17.7B | $14.2B | $10.5B | $13.5B | $14.5B | $14.9B | $18.8B | $16.6B | $12.2B | $8.5B | $12.9B | $12.3B |
| R&D | $2.3B | $2.1B | $2.1B | $2.1B | $1.8B | $1.7B | $1.4B | $1.7B | $1.9B | $1.8B | $1.9B | $2.1B | $2.4B | $2.0B | $2.5B | $2.3B | $1.9B | $1.4B | $1.7B | $1.4B |
| SG&A | $7.5B | $7.0B | $6.7B | $6.4B | $5.7B | $5.4B | $4.6B | $5.2B | $5.5B | $5.0B | $4.4B | $5.0B | $6.5B | $5.5B | $5.9B | $5.2B | $4.2B | $3.6B | $4.4B | $3.8B |
| Other operating expenses | $2.8B | $2.6B | $2.8B | $2.8B | $2.7B | $1.5B | $2.1B | $2.0B | $2.1B | $2.9B | $3.1B | $2.6B | $2.2B | $1.7B | $1.9B | $1.9B | $2.1B | $2.9B | $2.3B | $2.2B |
| Operating income | $13.1B | $11.2B | $13.1B | $13.0B | $7.9B | $6.9B | $4.6B | $8.3B | $8.3B | $4.5B | $1.2B | $3.8B | $3.3B | $5.6B | $8.6B | $7.2B | $4.0B | $577M | $4.4B | $4.9B |
| Non-operating income | $830M | $390M | $301M | $84M | $848M | $1.3B | −$558M | −$478M | −$471M | −$378M | −$1.0B | −$346M | −$162M | −$500M | −$337M | −$428M | −$213M | −$8.0M | $53M | $69M |
| Pretax income | $13.9B | $11.5B | $13.4B | $13.1B | $8.8B | $8.2B | $4.0B | $7.8B | $7.8B | $4.1B | $139M | $3.4B | $3.2B | $5.1B | $8.2B | $6.7B | $3.8B | $569M | $4.5B | $5.0B |
| Taxes | $3.1B | $2.7B | $2.6B | $2.7B | $2.0B | $1.7B | $997M | $1.7B | $1.7B | $3.3B | $206M | $927M | $700M | $1.3B | $2.6B | $1.8B | $1.1B | −$326M | $944M | $1.4B |
| Net income | $10.8B | $8.9B | $10.8B | $10.3B | $6.7B | $6.5B | $3.0B | $6.1B | $6.1B | $754M | −$67M | $2.5B | $2.5B | $3.8B | $5.7B | $4.9B | $2.7B | $895M | $3.6B | $3.5B |
| Diluted EPS | $23.23 | $18.81 | $22.05 | $20.12 | $12.64 | $11.83 | $5.46 | $10.74 | $10.26 | $1.26 | −$0.11 | $4.18 | $3.90 | $5.75 | $8.48 | $7.40 | $4.15 | $1.43 | $5.66 | $5.37 |
| Diluted shares | — | 472.3M | 489.4M | 513.6M | 530.4M | 548.5M | 548.6M | 567.5M | 599.4M | 599.3M | 584.3M | 601.3M | 628.9M | 658.6M | 669.6M | 666.1M | 650.4M | 626.0M | 627.9M | 659.5M |
| Revenue growth | — | +4.3% | −3.4% | +12.8% | +16.6% | +22.1% | −22.4% | −1.7% | +20.4% | +18.0% | −18.0% | −14.8% | −0.8% | −15.5% | +9.5% | +41.2% | +31.5% | −36.9% | +14.2% | — |
| Gross margin | 34.3% | 33.8% | 38.0% | 36.2% | 30.4% | 30.3% | 30.3% | 31.9% | 32.4% | 31.2% | 27.2% | 28.6% | 26.2% | 26.8% | 28.6% | 27.5% | 28.7% | 26.3% | 25.2% | 27.4% |
| Operating margin | 17.5% | 16.5% | 20.2% | 19.3% | 13.3% | 13.5% | 10.9% | 15.4% | 15.2% | 9.8% | 3.0% | 8.1% | 6.0% | 10.1% | 13.0% | 11.9% | 9.3% | 1.8% | 8.7% | 10.9% |
| Net margin | 14.5% | 13.1% | 16.7% | 15.4% | 11.3% | 12.7% | 7.2% | 11.3% | 11.2% | 1.7% | −0.2% | 5.3% | 4.4% | 6.8% | 8.6% | 8.2% | 6.3% | 2.8% | 6.9% | 7.9% |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.