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 revenue.

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	14.8%	10.6%	10.4%	11.8%	18.2%	22.4%	15.4%	14.4%	18.3%	18.7%
Accounts Receivable	16.2%	14.3%	13.9%	14.9%	16.6%	17.5%	15.9%	16.1%	16.4%	15.5%
Inventory	26.8%	26.0%	24.7%	27.4%	27.5%	27.3%	20.9%	21.1%	22.0%	22.4%
Prepaid Expenses	4.1%	4.8%	6.8%	4.4%	5.5%	4.6%	3.2%	3.2%	3.9%	4.4%
Other Current Assets	9.0%	8.2%	7.8%	7.7%	8.1%	9.2%	6.2%	4.3%	4.5%	4.3%
Total Current Assets	77.7%	70.5%	70.0%	73.7%	85.3%	94.5%	72.8%	70.5%	79.7%	83.0%
Property,Plant and Equipment	22.4%	20.6%	18.9%	20.2%	23.7%	29.7%	24.0%	24.8%	31.1%	39.8%
Goodwill	7.9%	8.1%	7.9%	8.9%	12.4%	15.3%	11.5%	11.4%	13.6%	15.6%
Intangible Assets	0.4%	0.6%	0.8%	1.3%	2.0%	3.1%	2.9%	3.5%	4.6%	6.1%
Other Noncurrent Assets	9.0%	8.2%	7.8%	7.7%	8.1%	9.2%	6.2%	4.3%	4.5%	4.3%
Total Assets	145.9%	135.4%	130.4%	137.9%	162.4%	187.6%	145.8%	143.5%	169.3%	193.9%
Liabilities
Accounts Payable	13.3%	11.8%	11.8%	14.6%	16.0%	14.7%	11.1%	12.9%	14.3%	12.0%
Accrued Liabilities	8.3%	8.1%	7.4%	6.9%	7.4%	8.7%	7.0%	6.5%	7.1%	7.8%
Deferred Revenue	4.9%	3.6%	2.9%	3.1%	2.1%	2.7%	—	—	—	—
Other Current Liabilities	4.1%	4.5%	4.7%	4.5%	4.4%	4.8%	4.0%	3.5%	4.3%	4.2%
Total Current Liabilities	54.1%	49.8%	51.8%	53.1%	58.6%	61.6%	49.5%	51.6%	59.2%	67.8%
Other Noncurrent Liabilities	9.1%	7.5%	7.0%	7.7%	9.4%	10.4%	8.0%	6.9%	8.9%	8.3%
Total Liabilities	114.3%	105.3%	101.4%	111.1%	130.0%	150.8%	118.6%	117.7%	139.0%	159.6%
Equity
Retained Earnings	96.8%	91.6%	76.4%	73.2%	77.1%	84.2%	64.0%	55.6%	57.9%	71.0%
Treasury Stock	73.3%	68.4%	54.2%	53.4%	54.2%	60.3%	45.0%	37.5%	37.4%	45.4%
Accumulated Other Comprehensive Income	-2.6%	-3.8%	-2.7%	-4.1%	-3.0%	-2.1%	-2.9%	-3.1%	-2.6%	-5.3%
Noncontrolling Interest	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%
Total Stockholders Equity	31.5%	30.1%	29.1%	26.7%	32.4%	36.8%	27.2%	25.7%	30.3%	34.3%
Total Liabilitiesand Equity	145.9%	135.4%	130.4%	137.9%	162.4%	187.6%	145.8%	143.5%	169.3%	193.9%

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	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	0.1%	0.1%	0.2%	0.7%	69.7%	69.7%	68.1%	67.6%	68.8%	72.8%
Expenses Research and Development	3.2%	3.3%	3.1%	3.1%	3.3%	3.4%	3.1%	3.4%	4.1%	4.8%
Expenses Selling,General and Administrative	10.3%	10.3%	9.5%	9.5%	10.5%	11.1%	9.6%	10.0%	11.0%	11.4%
Expenses Depreciation and Amortization	3.3%	3.3%	3.2%	3.7%	4.6%	5.8%	4.8%	5.1%	6.3%	7.9%
Expenses Share Based Compensation	0.4%	0.3%	0.3%	0.3%	0.4%	0.5%	0.4%	0.4%	0.5%	0.6%
Expenses Restructuring and Asset Impairment	0.7%	0.6%	1.2%	0.5%	0.2%	0.8%	0.4%	0.7%	2.8%	2.6%
Expenses Operating Expenses	83.5%	79.8%	80.7%	86.7%	86.5%	89.1%	84.6%	84.8%	90.2%	97.0%
Other Income Expense Operating Income	16.5%	20.2%	19.3%	13.3%	13.5%	10.9%	15.4%	15.2%	9.8%	3.0%
Other Income Expense Interest Income	0.6%	0.7%	0.7%	0.3%	0.2%	0.3%	0.4%	0.4%	0.3%	0.2%
Other Income Expense Other Income/expense	1.3%	1.3%	0.9%	2.2%	3.6%	-0.1%	-0.1%	-0.1%	0.3%	-1.3%
Other Income Expense Income Before Tax	17.1%	20.6%	19.5%	14.7%	16.1%	9.6%	14.5%	14.3%	9.0%	0.4%
Income Tax Income Tax Expense	4.1%	4.1%	4.1%	3.5%	3.4%	2.4%	3.2%	3.1%	7.3%	0.5%
net Income net Income	13.1%	16.6%	15.4%	11.3%	12.7%	7.2%	11.3%	11.2%	1.7%	-0.2%
net Income Comprehensive Income	14.2%	15.6%	16.4%	9.8%	11.4%	8.8%	11.3%	10.4%	3.5%	-0.2%
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	0.7%	0.8%	0.8%	0.9%	1.1%	1.3%	1.0%	1.1%	1.3%	1.5%
Earnings Per Share Weighted Average Shares Diluted	0.7%	0.8%	0.8%	0.9%	1.1%	1.3%	1.1%	1.1%	1.3%	1.5%

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	13.1%	16.6%	15.4%	11.3%	12.7%	7.2%	11.3%	11.2%	1.7%	-0.2%
Operating Activities Depreciation and Amortization	3.3%	3.3%	3.2%	3.7%	4.6%	5.8%	4.8%	5.1%	6.3%	7.9%
Operating Activities Stock Based Compensation	0.4%	0.3%	0.3%	0.3%	0.4%	0.5%	0.4%	0.4%	0.5%	0.6%
Operating Activities Deferred Income Taxes	0.7%	-1.0%	-0.9%	-0.6%	-0.8%	-0.2%	0.1%	0.4%	2.7%	-1.1%
Operating Activities Changes In Operating Assets and Liabilities	7.4%	1.1%	0.7%	7.5%	9.5%	-0.9%	-2.1%	4.0%	6.5%	-3.9%
Operating Activities Other Non Cash Items	-0.4%	-0.2%	0.7%	-1.3%	-0.2%	-1.6%	-3.1%	-2.5%	-0.9%	-0.9%
Operating Activities net Cash From Operating Activities	17.4%	18.6%	19.2%	13.1%	14.1%	15.2%	12.8%	12.0%	12.6%	—
Investing Activities Capital Expenditures	4.2%	3.1%	2.4%	2.2%	2.1%	2.3%	2.0%	2.3%	—	—
Investing Activities Business Acquisitions	0.1%	0.1%	0.1%	0.1%	1.0%	0.3%	0.1%	0.7%	0.1%	0.5%
Investing Activities Purchases of Investments	2.9%	2.3%	6.6%	5.2%	3.5%	1.5%	1.0%	0.9%	2.3%	1.0%
Investing Activities Proceeds From Sale of Investments	3.7%	4.9%	2.8%	4.0%	1.5%	0.8%	1.0%	0.8%	2.1%	1.8%
Investing Activities Other Investing Activities	-0.1%	-0.3%	-0.1%	-0.0%	-0.2%	0.2%	0.0%	-0.0%	-0.2%	0.1%
Investing Activities net Cash From Investing Activities	-7.0%	-3.8%	-8.8%	-4.3%	-6.1%	-3.6%	-3.6%	-5.9%	-2.1%	—
Financing Activities Repurchase of Common Stock	7.7%	11.9%	7.4%	7.1%	5.2%	2.7%	7.5%	6.9%	0.0%	0.0%
Financing Activities Dividends Paid	4.1%	4.1%	3.8%	4.1%	4.6%	5.4%	4.0%	3.6%	4.0%	4.7%
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	-5.8%	-14.8%	-10.3%	-12.3%	-8.2%	-9.0%	-8.4%	-6.7%	-8.0%	—
Cash Reconciliation Effect of Exchange Rate On Cash	-0.1%	-0.2%	-0.2%	-0.3%	-0.1%	-0.0%	-0.1%	-0.2%	—	—
Cash Reconciliation net Change In Cash	4.6%	-0.1%	-0.0%	-3.8%	-0.2%	2.6%	0.7%	-0.8%	2.5%	1.8%
Cash Reconciliation Cash At Beginning of Period	14.8%	10.6%	10.4%	11.8%	18.2%	22.4%	15.4%	14.4%	18.3%	18.7%
Cash Reconciliation Cash At End of Period	14.8%	10.6%	10.4%	11.8%	18.2%	22.4%	15.4%	14.4%	18.3%	18.7%

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

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Caterpillar Inc.

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