Caterpillar Inc.

CATNYSE

$684.05

Last price · USD

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Caterpillar Inc. income statement

Annual · USD millions except per-share data · 27 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	67,589	64,809	67,060	59,427	50,971	+7.3%
Cost of revenue	45,730	41,485	43,797	41,915	35,968	+6.2%
Gross profit	21,859	23,324	23,263	17,512	15,003	+9.9%
Operating expenses & income
Research & development	2,148	2,107	2,108	1,814	1,686	+6.2%
SG&A (combined)	6,985	6,667	6,371	5,651	5,365	+6.8%
Total operating expenses	10,649	10,252	10,297	9,608	8,125	+7.0%
Cost and expenses	56,379	51,737	54,094	51,523	44,093	+6.3%
Operating income	11,210	13,072	12,966	7,904	6,878	+13.0%
Non-operating & other
Interest income	487	482	494	167	80	+57.1%
Interest expense	1,030	512	511	443	485	+20.7%
Net interest income	(543)	(30)	(17)	(276)	(405)	—
Non-operating income (excl. interest)	(1,383)	(813)	(595)	(1,291)	(1,814)	—
Other expenses	1,516	1,478	1,818	2,143	1,074	+9.0%
Total other income (expenses), net	353	345	147	867	1,357	-28.6%
Profitability
Depreciation & amortization	2,262	2,153	2,144	2,219	2,352	-1.0%
Income before tax	11,563	13,417	13,113	8,771	8,235	+8.9%
Income tax expense	2,768	2,629	2,781	2,067	1,742	+12.3%
Net income from continuing operations	8,795	10,788	10,332	6,704	6,493	+7.9%
Net income deductions	(1)	0	0	0	0	—
Net income	8,873	10,792	10,335	6,705	6,489	+8.1%
Bottom line net income	8,874	10,792	10,335	6,705	6,489	+8.1%
Additional fields
Ebit	12,593	13,885	13,561	9,195	8,692	+9.7%
Ebitda	14,855	16,038	15,705	11,414	11,044	+7.7%
Eps	$18.90	$22.17	$20.24	$12.73	$11.93	+12.2%
Eps Diluted	$18.83	$22.05	$20.12	$12.64	$11.83	+12.3%
Weighted Average Shs Out	467	487	511	527	544	-3.8%
Weighted Average Shs Out Dil	469	489	514	530	549	-3.8%