Caterpillar Inc. (CAT) — Financial statements
Income statement, balance sheet, and cash flow for Caterpillar Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 67,589↑4.3% | 64,809↓3.4% | 67,060↑12.8% | 59,427↑16.6% | 50,971 | |
| Cost of Revenue | 45,730↑10.2% | 41,485↓5.3% | 43,797↑4.5% | 41,915↑16.5% | 35,968 | |
| Gross Profit | 21,859↓6.3% | 23,324↑0.3% | 23,263↑32.8% | 17,512↑16.7% | 15,003 | |
| Operating Expenses | ||||||
| R&D Expenses | 2,148↑1.9% | 2,107↓0.0% | 2,108↑16.2% | 1,814↑7.6% | 1,686 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 6,985↑4.8% | 6,667↑4.6% | 6,371↑12.7% | 5,651↑5.3% | 5,365 | |
| Other Expenses | 1,516↑2.6% | 1,478↓18.7% | 1,818↓15.2% | 2,143↑99.5% | 1,074 | |
| Operating Expenses | 10,649↑3.9% | 10,252↓0.4% | 10,297↑7.2% | 9,608↑18.3% | 8,125 | |
| Total Costs & Expenses | 56,379↑9.0% | 51,737↓4.4% | 54,094↑5.0% | 51,523↑16.9% | 44,093 | |
| Operating Results | ||||||
| Operating Income | 11,210↓14.2% | 13,072↑0.8% | 12,966↑64.0% | 7,904↑14.9% | 6,878 | |
| Depreciation & Amortization | 2,262↑5.1% | 2,153↑0.4% | 2,144↓3.4% | 2,219↓5.7% | 2,352 | |
| EBITDA | 14,855↓7.4% | 16,038↑2.1% | 15,705↑37.6% | 11,414↑3.4% | 11,044 | |
| EBIT | 12,593↓9.3% | 13,885↑2.4% | 13,561↑47.5% | 9,195↑5.8% | 8,692 | |
| Interest & Other Income | ||||||
| Net Interest Income | -543↓1710.0% | -30↓76.5% | -17↑93.8% | -276↑31.9% | -405 | |
| Interest Income | 487↑1.0% | 482↓2.4% | 494↑195.8% | 167↑108.7% | 80 | |
| Interest Expense | 1,030↑101.2% | 512↑0.2% | 511↑15.3% | 443↓8.7% | 485 | |
| Non-Operating Income | -1,383↓70.1% | -813↓36.6% | -595↑53.9% | -1,291↑28.8% | -1,814 | |
| Other Income / Expenses | 353↑2.3% | 345↑134.7% | 147↓83.0% | 867↓36.1% | 1,357 | |
| Income Before Tax | 11,563↓13.8% | 13,417↑2.3% | 13,113↑49.5% | 8,771↑6.5% | 8,235 | |
| Income Tax Expense | 2,768↑5.3% | 2,629↓5.5% | 2,781↑34.5% | 2,067↑18.7% | 1,742 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 8,795↓18.5% | 10,788↑4.4% | 10,332↑54.1% | 6,704↑3.2% | 6,493 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 8,873↓17.8% | 10,792↑4.4% | 10,335↑54.1% | 6,705↑3.3% | 6,489 | |
| Bottom-Line Net Income | 8,874↓17.8% | 10,792↑4.4% | 10,335↑54.1% | 6,705↑3.3% | 6,489 | |
| EPS (Basic) | 18.90↓14.7% | 22.17↑9.5% | 20.24↑59.0% | 12.73↑6.7% | 11.93 | |
| EPS (Diluted) | 18.83↓14.6% | 22.05↑9.6% | 20.12↑59.2% | 12.64↑6.8% | 11.83 | |
| Weighted Average Shares | 467↓4.2% | 487↓4.7% | 511↓3.1% | 527↓3.1% | 544 | |
| Weighted Average Diluted Shares | 469↓4.2% | 489↓4.7% | 514↓3.2% | 530↓3.3% | 549 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.