Caterpillar Inc. (CAT) Quarterly Income Statement

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Caterpillar Inc. (CAT) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

CAT Income Statement

Caterpillar Inc. (CAT) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	20.54B	17.41B	19.13B	17.64B	16.57B	14.25B	16.21B	16.11B	16.69B	15.8B	17.07B	16.81B	17.32B	15.86B	16.6B	14.99B	14.25B	13.59B	13.8B	12.4B
Revenue Growth %	23.98%	22.22%	18%	9.51%	-0.72%	-9.81%	-5.01%	-4.19%	-3.63%	-0.4%	2.85%	12.11%	21.56%	16.73%	20.29%	20.95%	10.54%	14.32%	22.81%	25.46%
Cost of Goods Sold	12.78B	11.31B	13.66B	11.67B	11.11B	9.29B	10.66B	10.4B	10.46B	9.96B	11.3B	10.86B	11.31B	10.32B	11.8B	10.35B	10.1B	9.66B	10.11B	8.73B
COGS % of Revenue	62.22%	64.92%	71.38%	66.18%	67.04%	65.2%	65.74%	64.58%	62.7%	63.04%	66.22%	64.62%	65.31%	65.06%	71.11%	69.05%	70.86%	71.12%	73.24%	70.4%
Gross Profit	7.76B	6.11B	5.47B	5.96B	5.46B	4.96B	5.56B	5.7B	6.22B	5.84B	5.77B	5.95B	6.01B	5.54B	4.79B	4.64B	4.15B	3.92B	3.69B	3.67B
Gross Margin %	37.78%	35.08%	28.62%	33.82%	32.96%	34.8%	34.26%	35.42%	37.3%	36.96%	33.78%	35.38%	34.69%	34.94%	28.89%	30.95%	29.14%	28.88%	26.76%	29.6%
Gross Profit Growth %	42.14%	23.21%	-1.46%	4.58%	-12.27%	-15.09%	-3.64%	-4.09%	3.61%	5.36%	20.25%	28.14%	44.7%	41.23%	29.88%	26.49%	6.68%	4.64%	11.1%	29.88%
Operating Expenses	3.47B	3.02B	2.81B	2.91B	2.54B	2.38B	2.63B	2.56B	2.74B	2.32B	2.63B	2.5B	2.36B	2.81B	3.12B	2.22B	2.21B	2.07B	2.08B	2B
OpEx % of Revenue	16.88%	17.36%	14.71%	16.52%	15.34%	16.7%	16.23%	15.88%	16.44%	14.68%	15.42%	14.86%	13.6%	17.72%	18.77%	14.78%	15.5%	15.23%	15.08%	16.17%
Selling, General & Admin	2.02B	1.82B	1.88B	1.82B	1.69B	1.59B	1.77B	1.67B	1.65B	1.58B	1.76B	1.62B	1.53B	1.46B	1.48B	1.4B	1.43B	1.35B	1.42B	1.34B
SG&A % of Revenue	9.82%	10.43%	9.8%	10.33%	10.22%	11.18%	10.91%	10.36%	9.9%	9.98%	10.29%	9.66%	8.82%	9.22%	8.91%	9.34%	10%	9.91%	10.31%	10.81%
Research & Development	616M	537M	562M	555M	551M	480M	519M	533M	535M	520M	554M	554M	528M	472M	401M	476M	480M	457M	439M	427M
R&D % of Revenue	3%	3.08%	2.94%	3.15%	3.33%	3.37%	3.2%	3.31%	3.21%	3.29%	3.25%	3.3%	3.05%	2.98%	2.42%	3.17%	3.37%	3.36%	3.18%	3.44%
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	4.29B	3.08B	2.66B	3.05B	2.92B	2.58B	2.92B	3.15B	3.48B	3.52B	3.13B	3.45B	3.65B	2.73B	1.68B	2.42B	1.94B	1.85B	1.61B	1.66B
Operating Margin %	20.91%	17.71%	13.9%	17.3%	17.62%	18.1%	18.03%	19.54%	20.86%	22.27%	18.36%	20.52%	21.09%	17.22%	10.12%	16.17%	13.64%	13.65%	11.68%	13.42%
Operating Income Growth %	47.14%	19.62%	-9.03%	-3.02%	-16.17%	-26.71%	-6.7%	-8.76%	-4.66%	28.85%	86.55%	42.23%	87.86%	47.22%	4.28%	45.73%	8.66%	2.26%	16.74%	68.93%
EBITDA	4.91B	3.68B	3.26B	3.62B	3.47B	3.12B	3.48B	3.69B	4.01B	4.04B	3.68B	3.97B	4.19B	3.26B	2.24B	2.98B	2.5B	2.41B	2.2B	2.26B
EBITDA Margin %	23.91%	21.13%	17.03%	20.54%	20.96%	21.89%	21.46%	22.91%	24.05%	25.59%	21.55%	23.64%	24.22%	20.57%	13.48%	19.85%	17.53%	17.75%	15.92%	18.21%
EBITDA Growth %	41.41%	17.99%	-6.35%	-1.84%	-13.46%	-22.85%	-5.44%	-7.15%	-4.32%	23.9%	64.39%	33.53%	67.96%	35.28%	1.87%	31.86%	5.09%	0.5%	10.02%	43.03%
D&A (Non-Cash Add-back)	616M	595M	598M	570M	554M	540M	555M	543M	531M	524M	545M	525M	542M	532M	558M	551M	553M	557M	586M	593M
EBIT	4.69B	3.35B	3.5B	3.48B	2.92B	2.69B	3.35B	3.22B	3.64B	3.67B	3.38B	3.64B	3.78B	2.76B	2.22B	2.67B	2.2B	2.11B	2.67B	1.89B
Net Interest Income	-135M	-30M	-351M	-166M	-26M	0	13M	15M	5M	14M	44M	26M	-11M	-22M	-48M	-57M	-83M	-88M	-95M	-94M
Interest Income	0	104M	127M	180M	81M	99M	120M	108M	118M	136M	170M	135M	96M	93M	69M	52M	25M	21M	16M	20M
Interest Expense	135M	134M	478M	346M	107M	99M	107M	93M	113M	122M	126M	109M	107M	115M	117M	109M	108M	109M	111M	114M
Other Income/Expense	263M	126M	366M	83M	-94M	-2M	329M	-42M	35M	23M	126M	78M	24M	-81M	418M	142M	156M	151M	938M	132M
Pretax Income	4.56B	3.21B	3.03B	3.13B	2.83B	2.58B	3.25B	3.1B	3.52B	3.54B	3.26B	3.53B	3.68B	2.65B	2.1B	2.57B	2.1B	2.01B	2.55B	1.8B
Pretax Margin %	22.19%	18.44%	15.82%	17.77%	17.05%	18.09%	20.06%	19.28%	21.07%	22.42%	19.1%	20.98%	21.23%	16.71%	12.64%	17.12%	14.74%	14.76%	18.47%	14.49%
Income Tax	965M	670M	712M	836M	646M	574M	463M	642M	836M	688M	587M	734M	752M	708M	644M	527M	427M	469M	429M	368M
Effective Tax Rate %	21.17%	20.87%	23.53%	26.67%	22.87%	22.27%	14.23%	20.68%	23.77%	19.42%	18.01%	20.81%	20.46%	26.72%	30.7%	20.53%	20.33%	23.38%	16.83%	20.49%
Net Income	3.59B	2.55B	2.4B	2.29B	2.18B	2B	2.79B	2.46B	2.68B	2.86B	2.68B	2.79B	2.92B	1.94B	1.45B	2.04B	1.67B	1.54B	2.12B	1.43B
Net Margin %	17.49%	14.64%	12.55%	12.98%	13.15%	14.06%	17.21%	15.3%	16.06%	18.08%	15.68%	16.62%	16.87%	12.25%	8.76%	13.61%	11.74%	11.31%	15.36%	11.5%
Net Income Growth %	64.89%	27.26%	-13.97%	-7.06%	-18.72%	-29.87%	4.3%	-11.81%	-8.25%	46.99%	84.04%	36.89%	74.66%	26.42%	-31.42%	43.13%	18.4%	0.46%	171.79%	113.47%
Net Income (Continuing)	3.59B	2.54B	2.31B	2.3B	2.18B	2B	2.79B	2.46B	2.68B	2.85B	2.67B	2.79B	2.92B	1.94B	1.45B	2.04B	1.67B	1.54B	2.12B	1.43B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-1M	-1M	0	1M	2M	3M	3M	6M	6M	6M	9M	18M	21M	21M	22M	31M	32M	32M	32M	30M
EPS (Diluted)	7.77	5.47	5.12	4.89	4.62	4.20	5.78	5.06	5.48	5.75	5.28	5.45	5.67	3.74	2.79	3.87	3.13	2.86	3.91	2.60
EPS Growth %	68.18%	30.24%	-11.42%	-3.36%	-15.69%	-26.96%	9.47%	-7.16%	-3.35%	53.74%	89.25%	40.83%	81.15%	30.77%	-28.64%	48.85%	22.27%	3.25%	175.35%	113.11%
EPS (Basic)	7.80	5.50	5.15	4.89	4.64	4.22	5.81	5.09	5.50	5.78	5.31	5.48	5.70	3.76	2.81	3.89	3.15	2.88	3.94	2.62
Diluted Shares Outstanding	462.5M	465.8M	469M	470.8M	471.5M	477.1M	486.7M	486.7M	489.5M	496.9M	507M	512.6M	515M	519.4M	520.9M	527.6M	534.1M	538.3M	542.6M	547.6M
Basic Shares Outstanding	460.4M	463.4M	466.5M	468.6M	469.7M	474.9M	484.2M	484.2M	487.2M	493.9M	504.4M	509.8M	512.9M	516.2M	517.4M	525M	531M	534.5M	538.7M	544M
Dividend Payout Ratio	19.37%	27.58%	29.4%	30.87%	30.38%	33.65%	24.36%	27.72%	23.69%	22.69%	24.74%	23.73%	21.15%	31.91%	42.64%	31.01%	35.39%	38.71%	28.25%	42.57%