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

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 5 years

Total assets $98.6B

Total liabilities $77.3B

Shareholders equity $21.3B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+1.9%	-9.4%	-13.2%	-24.3%	—
Accounts Receivable	+6.5%	+3.1%	+4.8%	+4.5%	—
Inventory	+6.6%	+6.2%	+8.6%	+15.9%	—
Prepaid Expenses	+0.1%	+3.8%	+28.3%	-5.2%	—
Other Current Assets	+10.2%	+8.7%	+12.8%	+11.2%	—
Total Current Assets	+4.8%	+1.7%	+3.9%	+0.8%	—
Property,Plant and Equipment	+5.8%	+3.4%	+2.4%	-0.5%	—
Goodwill	-4.2%	-6.1%	-8.4%	-16.4%	—
Intangible Assets	-30.7%	-27.4%	-26.4%	-27.3%	—
Other Noncurrent Assets	+10.2%	+8.7%	+12.8%	+11.2%	—
Total Assets	+4.5%	+2.0%	+2.8%	-1.0%	—
Liabilities
Accounts Payable	+2.4%	-2.0%	-1.5%	+6.6%	—
Accrued Liabilities	+10.4%	+11.7%	+14.9%	+8.6%	—
Deferred Revenue	+32.1%	+28.8%	+33.2%	+71.1%	—
Other Current Liabilities	+5.5%	+8.8%	+17.7%	+19.2%	—
Total Current Liabilities	+5.2%	+2.6%	+7.9%	+5.6%	—
Other Noncurrent Liabilities	+6.5%	+0.6%	-1.4%	-4.2%	—
Total Liabilities	+3.9%	+1.0%	+1.3%	-0.3%	—
Equity
Retained Earnings	+13.6%	+14.7%	+14.2%	+10.8%	—
Treasury Stock	+15.7%	+17.1%	+14.7%	+14.9%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Noncontrolling Interest	—	-54.6%	-47.0%	-31.2%	—
Total Stockholders Equity	+6.6%	+5.7%	+8.7%	-3.8%	—
Total Liabilitiesand Equity	+4.5%	+2.0%	+2.8%	-1.0%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $67.6B

Operating income $11.2B

Net income $8.9B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+7.3%	+8.3%	+14.7%	+16.6%	—
Expenses Cost of Revenue	-80.7%	-90.2%	-93.3%	-98.8%	—
Expenses Research and Development	+6.2%	+7.7%	+11.8%	+7.6%	—
Expenses Selling,General and Administrative	+6.8%	+7.5%	+9.0%	+5.3%	—
Expenses Depreciation and Amortization	-1.0%	-2.9%	-4.5%	-5.7%	—
Expenses Share Based Compensation	+4.9%	+3.7%	+2.0%	-3.5%	—
Expenses Restructuring and Asset Impairment	+49.4%	+58.6%	+194.4%	+232.2%	—
Expenses Operating Expenses	+6.4%	+5.5%	+10.8%	+16.9%	—
Other Income Expense Operating Income	+12.8%	+23.9%	+37.3%	+14.9%	—
Other Income Expense Interest Income	+51.0%	+82.0%	+148.5%	+108.7%	—
Other Income Expense Other Income/expense	-16.3%	-23.5%	-42.7%	-28.8%	—
Other Income Expense Income Before Tax	+8.9%	+17.7%	+26.1%	+6.7%	—
Income Tax Income Tax Expense	+12.3%	+14.7%	+26.4%	+18.7%	—
net Income net Income	+8.1%	+18.4%	+26.1%	+3.2%	—
net Income Comprehensive Income	+13.3%	+20.3%	+37.3%	-0.4%	—
Earnings Per Share Basic Eps	+12.2%	+22.9%	+30.3%	+6.6%	—
Earnings Per Share Diluted Eps	+12.3%	+23.1%	+30.4%	+6.8%	—
Earnings Per Share Weighted Average Shares Basic	-3.6%	-3.6%	-3.1%	-3.1%	—
Earnings Per Share Weighted Average Shares Diluted	-3.7%	-3.7%	-3.2%	-3.3%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $11.7B

Investing cash flow $-4.7B

Financing cash flow $-3.9B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+8.1%	+18.4%	+26.1%	+3.2%	—
Operating Activities Depreciation and Amortization	-1.0%	-2.9%	-4.5%	-5.7%	—
Operating Activities Stock Based Compensation	+4.9%	+3.7%	+2.0%	-3.5%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	+0.9%	-47.7%	-68.4%	-7.9%	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+13.0%	+18.7%	+33.8%	+7.9%	—
Investing Activities Capital Expenditures	+26.7%	+22.1%	+20.9%	+18.6%	—
Investing Activities Business Acquisitions	-44.3%	-58.9%	-60.9%	-82.0%	—
Investing Activities Purchases of Investments	+2.2%	-5.4%	+57.9%	+74.2%	—
Investing Activities Proceeds From Sale of Investments	+33.5%	+59.0%	+55.2%	+203.6%	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Repurchase of Common Stock	+18.1%	+42.4%	+36.6%	+58.5%	—
Financing Activities Dividends Paid	+4.2%	+4.3%	+4.8%	+4.6%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—
Cash Reconciliation Cash At Beginning of Period	+1.9%	-9.4%	-13.2%	-24.3%	—
Cash Reconciliation Cash At End of Period	+1.9%	-9.4%	-13.2%	-24.3%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+99.9%	+99.9%	+99.8%	+99.3%	+30.3%
Operating margin	+16.5%	+20.2%	+19.3%	+13.3%	+13.5%
Net margin	+13.1%	+16.6%	+15.4%	+11.3%	+12.7%
FCF margin	+13.2%	+15.5%	+16.8%	+10.9%	+12.0%
Growth
Revenue CAGR (3y)	+4.4%	+8.3%	+17.1%	+3.4%	-2.3%
Returns
ROE	+41.7%	+55.3%	+53.0%	+42.2%	+39.3%
ROA	+9.0%	+12.3%	+11.8%	+8.2%	+7.8%
ROIC	—	+23.7%	+24.5%	+14.9%	+14.0%
Liquidity
Current ratio	1.44x	1.42x	1.35x	1.39x	1.46x
Quick ratio	0.57x	0.50x	0.47x	0.50x	0.59x
Leverage
D/E	3.62x	3.50x	3.49x	4.16x	4.01x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.69x	0.74x	0.77x	0.73x	0.62x
Cash conversion cycle	+68344d	+101279d	+19804d	+6754d	+121d

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Caterpillar Inc.

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