Caterpillar Inc.
CATNYSE
$684.05
Last price · USD
- Market cap
- $320.8B
- P/E
- 36.3x
- EV / EBITDA
- 23.8x
- P/S
- 4.7x
- FCF yield
- 3.2%
- Div. yield
- 0.86%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Caterpillar Inc. key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 4.3% | -3.4% | 12.8% | 16.6% | — | — | |
| Operating income growth | -14.2% | 0.8% | 64.0% | 14.9% | — | — | |
| Net income growth | -17.8% | 4.4% | 54.1% | 3.3% | — | — | |
| EPS (diluted) growth | -14.6% | 9.6% | 59.2% | 6.8% | — | — | |
| Free cash flow growth | 16.5% | -9.9% | 89.5% | 9.3% | — | — | |
| Margins | |||||||
| Gross margin | 32.3% | 36.0% | 34.7% | 29.5% | 29.4% | — | |
| Operating margin | 16.6% | 20.2% | 19.3% | 13.3% | 13.5% | — | |
| EBITDA margin | 22.0% | 24.7% | 23.4% | 19.2% | 21.7% | — | |
| Net margin | 13.1% | 16.7% | 15.4% | 11.3% | 12.7% | — | |
| FCF margin | 15.2% | 13.6% | 14.6% | 8.7% | 9.3% | — | |
| Returns on capital | |||||||
| Return on equity | 41.6% | 55.4% | 53.0% | 42.3% | 39.4% | — | |
| Return on assets | 9.0% | 12.3% | 11.8% | 8.2% | 7.8% | — | |
| Return on invested capital | 15.6% | 20.6% | 20.3% | 13.2% | 12.0% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 2.03x | 1.97x | 1.94x | 2.33x | 2.29x | — | |
| Net debt / EBITDA | 2.25x | 1.97x | 1.97x | 2.63x | 2.58x | — | |
| Current ratio | 1.44x | 1.42x | 1.35x | 1.39x | 1.46x | — | |
| Interest coverage | 10.88x | 25.53x | 25.37x | 17.84x | 14.18x | — | |
| Profitability & operating | |||||||
| 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% | |
| Operating income | 11,210 | 13,072 | 12,966 | 7,904 | 6,878 | +13.0% | |
| Income before tax | 11,563 | 13,417 | 13,113 | 8,771 | 8,235 | +8.9% | |
| Net income | 8,873 | 10,792 | 10,335 | 6,705 | 6,489 | +8.1% | |
| Earnings per share | |||||||
| EPS (basic) | $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% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 467 | 487 | 511 | 527 | 544 | -3.8% | |
| Weighted avg shares outstanding (diluted) | 469 | 489 | 514 | 530 | 549 | -3.8% | |
| Balance sheet highlights | |||||||
| Net debt | 33,350 | 31,520 | 30,900 | 29,989 | 28,535 | +4.0% | |
| Total debt | 43,330 | 38,409 | 37,878 | 36,993 | 37,789 | +3.5% | |
| Total investments | 16,414 | 18,581 | 17,773 | 16,589 | 15,605 | +1.3% | |
| Total stockholders' equity | 21,318 | 19,491 | 19,494 | 15,869 | 16,484 | +6.6% | |
| Total assets | 98,585 | 87,764 | 87,476 | 81,943 | 82,793 | +4.5% | |
| Cash flow highlights | |||||||
| Free cash flow | 10,274 | 8,820 | 9,793 | 5,167 | 4,726 | +21.4% | |
| Operating cash flow | 11,739 | 12,035 | 12,885 | 7,766 | 7,198 | +13.0% | |
| Capital expenditure | (1,465) | (3,215) | (3,092) | (2,599) | (2,472) | — | |
| Net cash from operating activities | 11,739 | 12,035 | 12,885 | 7,766 | 7,198 | +13.0% | |
| Additional fields | |||||||
| Accrued Expenses | 2,554 | 7,634 | 7,715 | 6,393 | 5,999 | -19.2% | |