CATERPILLAR INC financials

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CAT CIK 0000018230

Source: EDGAR filings · Built 2026-06-02T02:34:50Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 8.92B 10.05B 11.29B 6.47B 6.11B 5.35B
EBITDA 13.41B 15.22B 15.11B 10.12B 9.23B 6.99B
Working Capital 15.93B 13.41B 12.22B 12.25B 13.61B 13.75B
Net Debt 26.96B 25.46B 22.71B 25.25B 22.82B 19.28B
Gross Margin 99.93% 99.95% 99.76% 99.31% 30.33% 6.67%
Operating Margin 16.50% 20.17% 19.33% 13.30% 13.49% 10.91%
Net Margin 13.14% 16.65% 15.41% 11.28% 12.74% 7.19%
Return on Equity (ROE) 41.66% 55.34% 52.98% 42.19% 39.31% 19.53%
Return on Assets (ROA) 9.01% 12.29% 11.81% 8.18% 7.84% 3.83%
Current Ratio 1.44× 1.42× 1.35× 1.39× 1.46× 1.53×
Debt-to-Equity 1.73× 1.66× 1.52× 2.03× 1.94× 1.86×
Effective Tax Rate 23.98% 19.66% 21.31% 23.62% 21.23% 25.18%
Cash Conversion Ratio 1.32× 1.12× 1.25× 1.16× 1.11× 2.11×
Accruals Ratio -0.03× -0.01× -0.03× -0.01× -0.01× -0.04×
SBC % of Revenue 0.36% 0.34% 0.31% 0.32% 0.39% 0.48%
CapEx Coverage 4.16× 6.05× 8.07× 5.99× 6.59× 6.47×
Free Cash Flow Per Share $18.88 $20.53 $21.98 $12.20 $11.13 $9.75

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 30.46× 16.45× 14.70× 18.95× 17.48× 33.34×
P/FCF 30.34× 17.67× 13.45× 19.64× 18.57× 18.67×
FCF Yield 3.30% 5.66% 7.43% 5.09% 5.38% 5.36%
EV / EBITDA 21.88× 13.06× 11.28× 14.71× 14.48× 16.97×
P/S 3.94× 2.67× 2.20× 2.08× 2.17× 2.38×
P/B 12.50× 8.89× 7.57× 7.78× 6.71× 6.45×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 67.59B 64.81B 67.06B 59.43B 50.97B 41.75B
Cost of Goods and Services Sold 49.00M 33.00M 160.00M 413.00M — —
Cost of Revenue 44.75B 40.20B 42.77B 41.35B 35.51B 29.08B
Gross Profit — — — — — 2.79B
Research and Development Expense 2.15B 2.11B 2.11B 1.81B 1.69B 1.42B
Selling, General and Administrative Expense 6.99B 6.67B 6.37B 5.65B 5.37B 4.64B
Operating Income (Loss) 11.15B 13.07B 12.97B 7.90B 6.88B 4.55B
Income Tax Expense (Benefit) 2.77B 2.63B 2.78B 2.07B 1.74B 1.01B
Earnings Per Share, Basic $18.90 $22.17 $20.24 $12.72 $11.93 $5.51
Weighted Average Number of Shares Outstanding, Basic 470.00M 486.70M 510.60M 526.90M 544.00M 544.10M
Earnings Per Share, Diluted $18.81 $22.05 $20.12 $12.64 $11.83 $5.46
Weighted Average Number of Shares Outstanding, Diluted 472.30M 489.40M 513.60M 530.40M 548.50M 548.60M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 9.98B 6.89B 6.98B 7.00B 9.25B 9.35B
Assets, Current 52.48B 45.68B 46.95B 43.78B 43.45B 39.46B
Assets 98.58B 87.76B 87.48B 81.94B 82.79B 78.32B
Liabilities, Current 36.56B 32.27B 34.73B 31.53B 29.85B 25.72B
Long-term Debt, Excluding Current Maturities 30.70B 27.35B 24.47B 25.71B 26.03B 26.00B
Liabilities 77.27B 68.27B 67.97B 66.05B 66.28B 62.95B
Common Stock, Shares, Outstanding 465.30M 477.90M 499.40M 516.30M 535.90M 545.30M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 11.74B 12.04B 12.88B 7.77B 7.20B 6.33B
Payments to Acquire Property, Plant, and Equipment 2.82B 1.99B 1.60B 1.30B 1.09B 978.00M
Net Cash Provided by (Used in) Investing Activities -4.71B -2.45B -5.87B -2.54B -3.08B -1.49B
Payments for Repurchase of Common Stock 5.19B 7.70B 4.97B 4.23B 2.67B 1.13B
Net Cash Provided by (Used in) Financing Activities -3.90B -9.56B -6.93B -7.28B -4.19B -3.75B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (CAT CIK 0000018230), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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