Caterpillar Inc.

Industrials Construction Machinery & Heavy Transportation Equipment Irving, Texas Last filing Feb 13, 2026 · FY2025

                    Revenue
                    FY2025
                
$67.6B
                    3y CAGR +4.4%
                    
                    P40
                    
                    +4.3%
                    
                    Net income
                    FY2025
                
$8.9B
                    Net margin +13.1%
                    
                    P55
                    
                    -17.7%
                    
                    Total assets
                    FY2025
                
$98.6B
                    ROA +9.0%
                    
                    P61
                    
                    +12.3%
                    
                    Operating cash flow
                    FY2025
                
$11.7B
                    FCF margin +13.2%
                    
                    P50
                    
                    -2.5%

19 yrs · FY2007–FY2025 2 quarantined 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 10 years

Total assets $98.6B

Total liabilities $77.3B

Shareholders equity $21.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	10.1%	7.8%	8.0%	8.5%	11.2%	12.0%	10.6%	10.0%	10.8%	9.6%
Accounts Receivable	11.1%	10.6%	10.6%	10.8%	10.2%	9.3%	10.9%	11.2%	9.7%	8.0%
Inventory	18.4%	19.2%	18.9%	19.9%	17.0%	14.6%	14.4%	14.7%	13.0%	11.5%
Prepaid Expenses	2.8%	3.6%	5.2%	3.2%	3.4%	2.5%	2.2%	2.2%	2.3%	2.3%
Other Current Assets	6.2%	6.0%	6.0%	5.6%	5.0%	4.9%	4.3%	3.0%	2.6%	2.2%
Total Current Assets	53.2%	52.1%	53.7%	53.4%	52.5%	50.4%	50.0%	49.2%	47.1%	42.8%
Property,Plant and Equipment	15.4%	15.2%	14.5%	14.7%	14.6%	15.8%	16.4%	17.3%	18.4%	20.5%
Goodwill	5.4%	6.0%	6.1%	6.5%	7.6%	8.2%	7.9%	7.9%	8.1%	8.1%
Intangible Assets	0.2%	0.5%	0.6%	0.9%	1.3%	1.7%	2.0%	2.4%	2.7%	3.1%
Other Noncurrent Assets	6.2%	6.0%	6.0%	5.6%	5.0%	4.9%	4.3%	3.0%	2.6%	2.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	9.1%	8.7%	9.0%	10.6%	9.8%	7.8%	7.6%	9.0%	8.4%	6.2%
Accrued Liabilities	5.7%	6.0%	5.7%	5.0%	4.5%	4.6%	4.8%	4.6%	4.2%	4.0%
Deferred Revenue	3.4%	2.6%	2.2%	2.3%	1.3%	1.4%	—	—	—	—
Other Current Liabilities	2.8%	3.3%	3.6%	3.3%	2.7%	2.6%	2.7%	2.4%	2.6%	2.2%
Total Current Liabilities	37.1%	36.8%	39.7%	38.5%	36.1%	32.8%	33.9%	35.9%	35.0%	35.0%
Other Noncurrent Liabilities	6.3%	5.6%	5.3%	5.6%	5.8%	5.6%	5.5%	4.8%	5.3%	4.3%
Total Liabilities	78.4%	77.8%	77.7%	80.6%	80.1%	80.4%	81.4%	82.1%	82.1%	82.3%
Equity
Retained Earnings	66.4%	67.6%	58.6%	53.1%	47.4%	44.9%	43.9%	38.8%	34.2%	36.6%
Treasury Stock	50.3%	50.5%	41.5%	38.7%	33.4%	32.1%	30.9%	26.2%	22.1%	23.4%
Accumulated Other Comprehensive Income	-1.8%	-2.8%	-2.1%	-3.0%	-1.9%	-1.1%	-2.0%	-2.1%	-1.5%	-2.7%
Noncontrolling Interest	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	0.1%	0.1%
Total Stockholders Equity	21.6%	22.2%	22.3%	19.4%	19.9%	19.6%	18.6%	17.9%	17.9%	17.7%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

19 accounts · 10 years

Revenue $67.6B

Operating income $11.2B

Net income $8.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	68.6%	73.8%	76.7%	72.5%	61.6%	53.3%	68.6%	69.7%	59.1%	51.6%
Expenses Cost of Revenue	0.0%	0.0%	0.2%	0.5%	42.9%	37.1%	46.7%	47.1%	40.6%	37.5%
Expenses Research and Development	2.2%	2.4%	2.4%	2.2%	2.0%	1.8%	2.2%	2.4%	2.4%	2.5%
Expenses Selling,General and Administrative	7.1%	7.6%	7.3%	6.9%	6.5%	5.9%	6.6%	7.0%	6.5%	5.9%
Expenses Depreciation and Amortization	2.3%	2.5%	2.5%	2.7%	2.8%	3.1%	3.3%	3.5%	3.7%	4.1%
Expenses Share Based Compensation	0.2%	0.3%	0.2%	0.2%	0.2%	0.3%	0.3%	0.3%	0.3%	0.3%
Expenses Restructuring and Asset Impairment	0.5%	0.4%	0.9%	0.4%	0.1%	0.5%	0.3%	0.5%	1.6%	1.4%
Expenses Operating Expenses	57.2%	59.0%	61.8%	62.9%	53.3%	47.5%	58.0%	59.1%	53.3%	50.0%
Other Income Expense Operating Income	11.3%	14.9%	14.8%	9.6%	8.3%	5.8%	10.6%	10.6%	5.8%	1.6%
Other Income Expense Interest Income	0.4%	0.5%	0.6%	0.2%	0.1%	0.1%	0.3%	0.2%	0.2%	0.1%
Other Income Expense Other Income/expense	0.9%	0.9%	0.7%	1.6%	2.2%	-0.1%	-0.1%	-0.1%	0.2%	-0.7%
Other Income Expense Income Before Tax	11.7%	15.2%	14.9%	10.7%	9.9%	5.1%	10.0%	10.0%	5.3%	0.2%
Income Tax Income Tax Expense	2.8%	3.0%	3.2%	2.5%	2.1%	1.3%	2.2%	2.2%	4.3%	0.3%
net Income net Income	9.0%	12.3%	11.8%	8.2%	7.8%	3.8%	7.8%	7.8%	1.0%	-0.1%
net Income Comprehensive Income	9.7%	11.6%	12.5%	7.1%	7.0%	4.7%	7.8%	7.2%	2.1%	-0.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	0.5%	0.6%	0.6%	0.6%	0.7%	0.7%	0.7%	0.8%	0.8%	0.8%
Earnings Per Share Weighted Average Shares Diluted	0.5%	0.6%	0.6%	0.6%	0.7%	0.7%	0.7%	0.8%	0.8%	0.8%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $11.7B

Investing cash flow $-4.7B

Financing cash flow $-3.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	9.0%	12.3%	11.8%	8.2%	7.8%	3.8%	7.8%	7.8%	1.0%	-0.1%
Operating Activities Depreciation and Amortization	2.3%	2.5%	2.5%	2.7%	2.8%	3.1%	3.3%	3.5%	3.7%	4.1%
Operating Activities Stock Based Compensation	0.2%	0.3%	0.2%	0.2%	0.2%	0.3%	0.3%	0.3%	0.3%	0.3%
Operating Activities Deferred Income Taxes	0.5%	-0.7%	-0.7%	-0.5%	-0.5%	-0.1%	0.0%	0.3%	1.6%	-0.6%
Operating Activities Changes In Operating Assets and Liabilities	5.1%	0.8%	0.6%	5.5%	5.9%	-0.5%	-1.4%	2.8%	3.8%	-2.0%
Operating Activities Other Non Cash Items	-0.3%	-0.1%	0.5%	-0.9%	-0.1%	-0.9%	-2.1%	-1.8%	-0.5%	-0.5%
Operating Activities net Cash From Operating Activities	11.9%	13.7%	14.7%	9.5%	8.7%	8.1%	8.8%	8.4%	7.4%	—
Investing Activities Capital Expenditures	2.9%	2.3%	1.8%	1.6%	1.3%	1.2%	1.3%	1.6%	—	—
Investing Activities Business Acquisitions	0.0%	0.0%	0.1%	0.1%	0.6%	0.1%	0.1%	0.5%	0.1%	0.3%
Investing Activities Purchases of Investments	2.0%	1.7%	5.0%	3.8%	2.1%	0.8%	0.7%	0.6%	1.4%	0.5%
Investing Activities Proceeds From Sale of Investments	2.5%	3.6%	2.2%	2.9%	0.9%	0.4%	0.7%	0.6%	1.2%	0.9%
Investing Activities Other Investing Activities	-0.1%	-0.2%	-0.1%	-0.0%	-0.1%	0.1%	0.0%	-0.0%	-0.1%	0.0%
Investing Activities net Cash From Investing Activities	-4.8%	-2.8%	-6.7%	-3.1%	-3.7%	-1.9%	-2.5%	-4.1%	-1.3%	—
Financing Activities Repurchase of Common Stock	5.3%	8.8%	5.7%	5.2%	3.2%	1.4%	5.2%	4.8%	0.0%	0.0%
Financing Activities Dividends Paid	2.8%	3.0%	2.9%	3.0%	2.8%	2.9%	2.7%	2.5%	2.4%	2.4%
Financing Activities Other Financing Activities	-0.0%	-0.0%	0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.1%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	-4.0%	-10.9%	-7.9%	-8.9%	-5.1%	-4.8%	-5.8%	-4.6%	-4.8%	—
Cash Reconciliation Effect of Exchange Rate On Cash	-0.0%	-0.1%	-0.1%	-0.2%	-0.0%	-0.0%	-0.1%	-0.2%	—	—
Cash Reconciliation net Change In Cash	3.1%	-0.1%	-0.0%	-2.7%	-0.1%	1.4%	0.5%	-0.5%	1.5%	0.9%
Cash Reconciliation Cash At Beginning of Period	10.1%	7.9%	8.0%	8.6%	11.2%	12.0%	10.6%	10.0%	10.8%	9.6%
Cash Reconciliation Cash At End of Period	10.1%	7.9%	8.0%	8.6%	11.2%	12.0%	10.6%	10.0%	10.8%	9.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+99.9%	+99.9%	+99.8%	+99.3%	+30.3%	+30.3%	+31.9%	+32.4%	+31.2%	+27.2%
Operating margin	+16.5%	+20.2%	+19.3%	+13.3%	+13.5%	+10.9%	+15.4%	+15.2%	+9.8%	+3.0%
Net margin	+13.1%	+16.6%	+15.4%	+11.3%	+12.7%	+7.2%	+11.3%	+11.2%	+1.7%	-0.2%
FCF margin	+13.2%	+15.5%	+16.8%	+10.9%	+12.0%	+12.8%	+10.9%	+9.7%	—	—
Growth
Revenue CAGR (3y)	+4.4%	+8.3%	+17.1%	+3.4%	-2.3%	-2.8%	+11.8%	+5.2%	-6.3%	-11.5%
Returns
ROE	+41.7%	+55.3%	+53.0%	+42.2%	+39.3%	+19.5%	+41.7%	+43.7%	+5.5%	-0.4%
ROA	+9.0%	+12.3%	+11.8%	+8.2%	+7.8%	+3.8%	+7.8%	+7.8%	+1.0%	-0.1%
ROIC	—	+23.7%	+24.5%	+14.9%	+14.0%	+10.0%	+17.0%	+17.6%	+2.4%	+0.0%
Liquidity
Current ratio	1.44x	1.42x	1.35x	1.39x	1.46x	1.53x	1.47x	1.37x	1.35x	1.22x
Quick ratio	0.57x	0.50x	0.47x	0.50x	0.59x	0.65x	0.63x	0.59x	0.59x	0.50x
Leverage
D/E	3.62x	3.50x	3.49x	4.16x	4.01x	4.09x	4.36x	4.58x	4.59x	4.65x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.69x	0.74x	0.77x	0.73x	0.62x	0.53x	0.69x	0.70x	0.59x	0.52x
Cash conversion cycle	+68344d	+101279d	+19804d	+6754d	+121d	+130d	+111d	+103d	+101d	+109d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Caterpillar Inc.

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history