Caterpillar, Inc. (CAT) Stock Analysis
Industrials · Farm & Heavy Construction Machinery · NYSE
Caterpillar, Inc. (CAT) posted $67.59B in revenue for fiscal 2025 (up 4.3% year over year), at a 13.1% net margin, and has compounded revenue about 10.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Caterpillar, Inc.
Caterpillar, Inc. has grown revenue from $38.54B to $67.59B over the last 10 fiscal years, compounding about 10.1% a year. The most recent year was up 4.3%, so growth has cooled from its longer-run pace.
Net margin sits at 13.1%, down 3.6 points year over year on a 33.8% gross margin. It carries about $36.21B of total debt.
Synthesised from Caterpillar, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Caterpillar, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.54B | $45.46B | $54.72B | $53.80B | $41.75B | $50.97B | $59.43B | $67.06B | $64.81B | $67.59B |
| Gross profit | $10.49B | $14.20B | $17.73B | $17.17B | $12.67B | $15.46B | $18.08B | $24.29B | $24.61B | $22.84B |
| Net income | $-59.00M | $759.00M | $6.15B | $6.09B | $3.00B | $6.49B | $6.71B | $10.34B | $10.79B | $8.88B |
| Net margin | -0.2% | 1.7% | 11.2% | 11.3% | 7.2% | 12.7% | 11.3% | 15.4% | 16.7% | 13.1% |
Source: Caterpillar, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Caterpillar, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
Explore 19 years of Caterpillar, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track CAT in your portfolio →
Caterpillar, Inc. financial history by metric
Compare Caterpillar, Inc. with peers
About Caterpillar, Inc.
Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, track-type tractors, and track and wheel excavators; backhoe, compact track, skid steer, track-type, and wheel loaders; and related parts and work tools. Its Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, mining trucks, wheel loaders, off-highway and articulated trucks, wide-body trucks, wheel tractor scrapers and dozers, and landfill and soil compactors; machinery components, and wear and maintenance components; and technology products and services for fleet management, equipment management analytics, autonomous machine capabilities, safety services, and mining performance solutions. The Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines, drivetrain, and integrated systems and solutions; centrifugal gas compressors and related services; and diesel-electric locomotive components, and other rail-related products. Its Financial Products segment provides operating and finance leases, revolving charge accounts, installment sale contracts, repair/rebuild financing, working capital loans, and wholesale financing; and insurance and risk management products and services. The All Other segment offers parts distribution; logistics and distribution services; electronics and control systems; dealer portfolio management; brand management and marketing strategy; and digital investment services. It also provides mining software solutions. The company was formerly known as Caterpillar Tractor Co. Caterpillar Inc. was incorporated in 1925 and is headquartered in Irving, Texas.
Caterpillar, Inc. — frequently asked questions
What is Caterpillar, Inc.'s revenue?
Caterpillar, Inc. (CAT) reported revenue of $67.59B for fiscal year 2025, up 4.3% from the prior year, according to its SEC filings.
Is Caterpillar, Inc. profitable?
Yes. CAT earned net income of $8.88B in fiscal 2025, a net margin of 13.1%.
What is CAT's P/E ratio?
Caterpillar, Inc. trades at a price-to-earnings ratio of about 40.7 based on the latest data in our nightly-refreshed cache.
How fast is Caterpillar, Inc. growing?
CAT's revenue grew at roughly 10.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Caterpillar, Inc. have?
As of fiscal year 2025, CAT carried roughly $36.21B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Caterpillar, Inc.'s gross margin?
CAT's gross margin was 33.8% in fiscal 2025 — gross profit of $22.84B on revenue of $67.59B.
What is Caterpillar, Inc.'s market cap?
Caterpillar, Inc. (CAT) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Caterpillar, Inc.'s fiscal year end?
CAT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Caterpillar, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.