Financials in USD. Standardized financial statements.
A compact view of how Caterpillar Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $67.59B | $64.81B | $67.06B | $59.43B | $50.97B | $41.75B | $53.80B | $54.72B | $45.46B | $38.54B |
| Revenue Growth? | +4.3% | -3.4% | +12.8% | +16.6% | +22.1% | -22.4% | -1.7% | +20.4% | +18.0% | 0.0% |
| Cost of Revenue? | $45.73B | $41.48B | $43.80B | $41.91B | $35.97B | $29.67B | $37.38B | $37.72B | $31.91B | $28.64B |
| Gross Profit? | $21.86B | $23.32B | $23.26B | $17.51B | $15.00B | $12.08B | $16.42B | $17.00B | $13.56B | $9.90B |
| Gross Margin? | +32.3% | +36.0% | +34.7% | +29.5% | +29.4% | +28.9% | +30.5% | +31.1% | +29.8% | +25.7% |
| Operating Expenses? | $10.65B | $10.25B | $10.30B | $9.61B | $8.13B | $7.52B | $8.13B | $8.71B | $9.10B | $8.73B |
| Operating Income? | $11.21B | $13.07B | $12.97B | $7.90B | $6.88B | $4.55B | $8.29B | $8.29B | $4.46B | $1.16B |
| EBITDA? | $14.86B | $16.04B | $15.71B | $11.41B | $11.04B | $6.94B | $10.81B | $10.99B | $7.49B | $3.68B |
| Income Before Tax | $11.56B | $13.42B | $13.11B | $8.77B | $8.23B | $4.01B | $7.84B | $7.85B | $4.10B | $133.00M |
| Income Tax Expense | $2.77B | $2.63B | $2.78B | $2.07B | $1.74B | $1.01B | $1.75B | $1.70B | $3.34B | $192.00M |
| Net Income? | $8.87B | $10.79B | $10.34B | $6.71B | $6.49B | $3.00B | $6.09B | $6.15B | $754.00M | -$67.00M |
| EPS? | $18.90 | $22.17 | $20.24 | $12.73 | $11.93 | $5.51 | $10.85 | $10.39 | $1.27 | $-0.11 |
| Diluted EPS? | $18.83 | $22.05 | $20.12 | $12.64 | $11.83 | $5.46 | $10.74 | $10.26 | $1.26 | $-0.11 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality