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DC Infra·CAT
Caterpillar Inc.
NYSE · US
Industrial machinery and power systems supplier with diesel and gas generator sets for mission-critical facilities.
AI relevance
Backup generator and power-system exposure for large data center campuses.
Price
$985.82
Change
+29.90 (+3.13%)
Market cap
$454.1B
52w range
$358–$994
Exchange
NYSE
Country
US
Jason's Chips
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Price chart
CAT market performance
Daily close for Caterpillar Inc.
- Latest close
- $985.8
- Range move
- +$626.0 (+174.0%)
- Range high
- $985.8
- Range low
- $359.8
- Latest volume
- 6.2M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
77 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus53 ratings
Strong buy
0
Buy
25
Hold
21
Sell
7
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $76.55B | $75.71B - $77.84B | $24.67 | $23.05 - $27.08 | $19.14B | $17.64B | $11.27B | $7.68B | 14 rev / 17 EPS |
| 2027-12-31 | $84.49B | $82.15B - $87.49B | $30.12 | $27.42 - $34.51 | $21.12B | $19.47B | $13.44B | $8.48B | 14 rev / 18 EPS |
| 2028-12-31 | $93.51B | $92.56B - $94.46B | $36.10 | $29.29 - $41.40 | $23.38B | $21.55B | $16.48B | $9.38B | 9 rev / 7 EPS |
| 2029-12-31 | $95.63B | $91.79B - $99.32B | $37.92 | $35.95 - $39.83 | $23.91B | $22.03B | $17.79B | $9.59B | 4 rev / 2 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $19.16B | $18.67B - $19.76B | $6.18 | $5.76 - $6.93 | $4.79B | $4.41B | $2.88B | $1.92B | 9 rev / 14 EPS |
| 2026-09-30 | $19.47B | $19.28B - $19.64B | $6.42 | $6.09 - $6.88 | $4.87B | $4.49B | $2.99B | $1.95B | 9 rev / 13 EPS |
| 2026-12-31 | $20.91B | $20.31B - $21.59B | $6.67 | $6.42 - $6.95 | $5.23B | $4.82B | $3.10B | $2.10B | 8 rev / 5 EPS |
| 2027-03-31 | $18.66B | $18.13B - $19.27B | $6.14 | $5.91 - $6.40 | $4.66B | $4.30B | $2.86B | $1.87B | 4 rev / 5 EPS |
| 2027-06-30 | $20.80B | $20.21B - $21.48B | $7.29 | $7.02 - $7.60 | $5.20B | $4.79B | $3.39B | $2.09B | 4 rev / 5 EPS |
| 2027-09-30 | $21.39B | $20.78B - $22.09B | $7.71 | $7.43 - $8.04 | $5.35B | $4.93B | $3.59B | $2.15B | 5 rev / 5 EPS |
| 2027-12-31 | $23.02B | $22.36B - $23.77B | $7.97 | $7.68 - $8.31 | $5.75B | $5.30B | $3.71B | $2.31B | 4 rev / 5 EPS |
| 2028-03-31 | $20.63B | $20.05B - $21.31B | $7.74 | $7.46 - $8.07 | $5.16B | $4.75B | $3.61B | $2.07B | 3 rev / 6 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $900.00 |
| Last quarter | 12 | $902.50 |
| Last year | 47 | $692.49 |
| All time | 99 | $474.55 |
Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, Investing, TipRanks Contributor, TheStreet, TipRanks
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2024-10-14 | Morgan Stanley | Downgrade | Equal Weight | Underweight |
| 2024-10-14 | JP Morgan | Maintain | Overweight | Overweight |
| 2024-10-09 | Truist Securities | Maintain | Buy | Buy |
| 2024-10-09 | Citigroup | Maintain | Buy | Buy |
| 2024-09-30 | B of A Securities | Maintain | Buy | Buy |
| 2024-08-19 | Evercore ISI Group | Maintain | In Line | In Line |
| 2024-08-07 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2024-08-07 | UBS | Maintain | Sell | Sell |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 1 | 14 | 11 | 2 | 1 |
| 2026-05-01 | 1 | 14 | 11 | 3 | 0 |
| 2026-04-01 | 1 | 14 | 12 | 3 | 0 |
| 2026-03-01 | 1 | 14 | 12 | 2 | 0 |
| 2026-02-01 | 1 | 14 | 12 | 2 | 0 |
| 2026-01-01 | 1 | 13 | 12 | 2 | 0 |
| 2025-12-01 | 1 | 13 | 12 | 2 | 0 |
| 2025-11-01 | 1 | 13 | 12 | 2 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $67.59B | $21.86B | 32.3% | $2.15B | $11.21B | $14.86B | $8.87B | $18.90 |
| FY 2024 | $64.81B | $23.32B | 36.0% | $2.11B | $13.07B | $16.04B | $10.79B | $22.17 |
| FY 2023 | $67.06B | $23.26B | 34.7% | $2.11B | $12.97B | $15.71B | $10.34B | $20.24 |
| FY 2022 | $59.43B | $17.51B | 29.5% | $1.81B | $7.90B | $11.41B | $6.71B | $12.73 |
| FY 2021 | $50.97B | $15.00B | 29.4% | $1.69B | $6.88B | $11.04B | $6.49B | $11.93 |
| FY 2020 | $41.75B | $12.08B | 28.9% | $1.42B | $4.55B | $6.94B | $3.00B | $5.51 |
| FY 2019 | $53.80B | $16.42B | 30.5% | $1.69B | $8.29B | $10.81B | $6.09B | $10.85 |
| FY 2018 | $54.72B | $17.00B | 31.1% | $1.85B | $8.29B | $10.99B | $6.15B | $10.39 |
| FY 2017 | $45.46B | $13.56B | 29.8% | $1.84B | $4.46B | $7.49B | $754.0M | $1.27 |
| FY 2016 | $38.54B | $9.90B | 25.7% | $1.85B | $1.16B | $3.68B | -$67.0M | $-0.11 |
| FY 2015 | $47.01B | $12.88B | 27.4% | $2.12B | $3.79B | $6.99B | $2.51B | $4.23 |
| FY 2014 | $55.18B | $13.84B | 25.1% | $2.38B | $3.31B | $6.80B | $2.45B | $5.99 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $11.74B | $1.47B | $10.27B |
| FY 2024 | $12.04B | $3.21B | $8.82B |
| FY 2023 | $12.88B | $3.09B | $9.79B |
| FY 2022 | $7.77B | $2.60B | $5.17B |
| FY 2021 | $7.20B | $2.47B | $4.73B |
| FY 2020 | $6.33B | $1.14B | $4.21B |
| FY 2019 | $6.91B | $1.61B | $4.24B |
| FY 2018 | $6.56B | $1.64B | $3.64B |
| FY 2017 | $5.71B | $1.44B | $3.37B |
| FY 2016 | $5.64B | $1.82B | $2.71B |
| FY 2015 | $6.70B | $1.87B | $3.44B |
| FY 2014 | $8.06B | $1.84B | $4.68B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $9.98B | $21.57B | $18.14B | $15.14B | $98.58B | $43.33B | $33.35B | $77.27B | $21.32B |
| FY 2024 | $6.89B | $18.85B | $16.83B | $13.36B | $87.76B | $38.41B | $31.52B | $68.27B | $19.49B |
| FY 2023 | $6.98B | $18.82B | $16.57B | $12.68B | $87.48B | $37.88B | $30.90B | $67.97B | $19.49B |
| FY 2022 | $7.00B | $17.87B | $16.27B | $12.03B | $81.94B | $36.99B | $29.99B | $66.05B | $15.87B |
| FY 2021 | $9.25B | $17.38B | $14.04B | $12.09B | $82.79B | $37.79B | $28.54B | $66.28B | $16.48B |
| FY 2020 | $9.35B | $16.78B | $11.40B | $12.40B | $78.32B | $37.16B | $27.81B | $62.95B | $15.33B |
| FY 2019 | $8.28B | $17.90B | $11.27B | $12.90B | $78.45B | $37.66B | $37.66B | $63.82B | $14.59B |
| FY 2018 | $7.86B | $17.45B | $11.53B | $13.57B | $78.51B | $36.55B | $28.66B | $64.43B | $14.04B |
| FY 2017 | $8.26B | $16.19B | $10.02B | $14.15B | $76.96B | $34.88B | $34.88B | $63.20B | $13.70B |
| FY 2016 | $7.17B | $14.50B | $8.61B | $15.32B | $74.70B | $36.78B | $36.78B | $61.49B | $13.14B |
| FY 2015 | $6.46B | $15.69B | $9.70B | $16.09B | $78.34B | $38.01B | $38.01B | $63.46B | $14.81B |
| FY 2014 | $7.34B | $16.76B | $12.21B | $16.58B | $84.68B | $39.28B | $39.28B | $67.86B | $16.75B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 32.3% | 16.6% | 13.1% | 1.4x | 0.9x | 41.6% | 11.4% | 4.4x | 20.2x | 3.8% | 3.2% | 190d |
| FY 2024 | 36.0% | 20.2% | 16.7% | 1.4x | 0.9x | 55.4% | 15.8% | 3.2x | 13.0x | 5.0% | 3.3% | 187d |
| FY 2023 | 34.7% | 19.3% | 15.4% | 1.4x | 0.9x | 53.0% | 15.4% | 2.7x | 11.6x | 6.5% | 3.1% | 175d |
| FY 2022 | 29.5% | 13.3% | 11.3% | 1.4x | 0.9x | 42.3% | 9.8% | 2.6x | 13.7x | 4.1% | 3.1% | 176d |
| FY 2021 | 29.4% | 13.5% | 12.7% | 1.5x | 1.0x | 39.4% | 8.4% | 2.8x | 12.8x | 4.2% | 3.3% | 184d |
| FY 2020 | 28.9% | 10.9% | 7.2% | 1.5x | 1.1x | 19.6% | 5.3% | 3.0x | 18.3x | 4.3% | 3.4% | 212d |
| FY 2019 | 30.5% | 15.4% | 11.3% | 1.5x | 1.0x | 41.8% | 10.2% | 2.1x | 10.4x | 5.1% | 3.1% | 173d |
| FY 2018 | 31.1% | 15.2% | 11.2% | 1.4x | 1.0x | 43.8% | 10.5% | 1.9x | 9.4x | 4.8% | 3.4% | 160d |
| FY 2017 | 29.8% | 9.8% | 1.7% | 1.3x | 1.0x | 5.5% | 1.4% | 2.8x | 17.1x | 3.6% | 4.1% | 170d |
| FY 2016 | 25.7% | 3.0% | -0.2% | 1.2x | 0.9x | -0.5% | -0.8% | 2.4x | 24.7x | 5.0% | 4.8% | 188d |
| FY 2015 | 27.4% | 8.1% | 5.3% | 1.3x | 0.9x | 17.0% | 4.3% | 1.7x | 11.2x | 8.5% | 4.5% | 172d |
| FY 2014 | 25.1% | 6.0% | 4.4% | 1.4x | 1.0x | 14.6% | 3.8% | 1.7x | 14.1x | 8.3% | 4.3% | 161d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +4.3% | -6.3% | +1.9% | -14.2% | -17.8% | -14.7% | +16.5% | +54.4% | +44.9% | +7.8% | +12.3% | +12.8% |
| FY 2024 | -3.4% | +0.3% | -0.0% | +0.8% | +4.4% | +9.5% | -9.9% | -4.0% | -1.3% | +1.6% | +0.3% | +1.4% |
| FY 2023 | +12.8% | +32.8% | +16.2% | +64.0% | +54.1% | +59.0% | +89.5% | -19.0% | -0.4% | +1.8% | +6.8% | +2.4% |
| FY 2022 | +16.6% | +16.7% | +7.6% | +14.9% | +3.3% | +6.7% | +9.3% | -5.1% | -24.3% | +15.9% | -1.0% | -2.1% |
| FY 2021 | +22.1% | +24.2% | +19.2% | +51.1% | +116.4% | +116.5% | +12.2% | -16.9% | -1.0% | +23.1% | +5.7% | +1.7% |
| FY 2020 | -22.4% | -26.4% | -16.4% | -45.1% | -50.8% | -49.2% | -0.7% | +20.8% | +12.9% | +1.2% | -0.2% | -1.3% |
| FY 2019 | -1.7% | -3.5% | -8.5% | -0.0% | -0.9% | +4.4% | +16.5% | +8.5% | +5.4% | -2.3% | -0.1% | +3.0% |
| FY 2018 | +20.4% | +25.4% | +0.4% | +85.9% | +715.3% | +718.1% | +8.1% | -24.8% | -4.9% | +15.1% | +2.0% | +4.8% |
| FY 2017 | +18.0% | +37.0% | -0.6% | +283.8% | +1225.4% | +1254.5% | +24.3% | +20.2% | +15.2% | +16.3% | +3.0% | -5.2% |
| FY 2016 | -18.0% | -23.1% | -12.6% | -69.3% | -102.7% | -102.6% | -21.1% | +10.2% | +11.0% | -11.2% | -4.6% | -3.2% |
| FY 2015 | -14.8% | -7.0% | -11.0% | +14.2% | +2.4% | -29.4% | -26.5% | +3.5% | -12.0% | -20.5% | -7.5% | -3.2% |
| FY 2014 | -0.8% | -2.5% | +16.3% | -41.1% | -35.3% | +2.0% | -18.6% | +24.0% | +20.7% | -3.3% | -0.3% | +4.1% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $110.98B
Reportable Subsegments$73.95B · 66.6%
Construction Industries$25.06B · 22.6%
Resource Industries$12.47B · 11.2%
Financial Products$4.22B · 3.8%
Other Segments$327.0M · 0.3%
Power & Energy-$5.06B · -4.6%
Latest geography mixFY 2025 · $67.59B
North America$36.61B · 54.2%
EMEA$12.79B · 18.9%
Asia Pacific$11.20B · 16.6%
Latin America$6.99B · 10.3%
Product revenue annual
| Period | Total | Construction Industries | Energy and Transportation | Resource Industries | Reportable Subsegments | Financial Products | Other Segments | Power & Energy | Intersegment Elimination |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $110.98B | $25.06B | -- | $12.47B | $73.95B | $4.22B | $327.0M | -$5.06B | -- |
| FY 2024 | $64.81B | $25.45B | $28.85B | $12.39B | -- | $4.05B | $425.0M | -- | -$6.37B |
| FY 2023 | $67.06B | $27.42B | $28.00B | $13.58B | -- | $3.79B | $449.0M | -- | -$6.18B |
| FY 2022 | $59.43B | $25.27B | $23.75B | $12.31B | -- | $3.25B | $450.0M | -- | -$5.61B |
| FY 2021 | $50.97B | $22.11B | $20.29B | $9.96B | -- | $3.07B | $511.0M | -- | -$4.97B |
| FY 2020 | $41.75B | $16.92B | $17.47B | $7.91B | -- | $3.04B | $467.0M | -- | -$4.06B |
| FY 2019 | $53.80B | $22.65B | $22.10B | $10.28B | -- | $3.43B | $500.0M | -- | -$5.16B |
| FY 2018 | $54.72B | $23.12B | $18.83B | $9.89B | -- | $3.28B | $154.0M | -- | -$547.0M |
| FY 2017 | $45.46B | $19.24B | $19.38B | $7.86B | -- | $3.09B | $570.0M | -- | -$4.68B |
| FY 2016 | $38.57B | $15.61B | $14.41B | $5.76B | -- | $2.99B | $139.0M | -- | -$344.0M |
| FY 2015 | $47.01B | $17.80B | $18.52B | $7.74B | -- | $3.08B | $203.0M | -- | -$325.0M |
| FY 2014 | $55.18B | $19.36B | $21.73B | $8.92B | -- | $3.31B | $2.25B | -- | -$390.0M |
Geography revenue annual
| Period | Total | North America | EMEA | Asia Pacific | Non-US | UNITED STATES | Latin America |
|---|---|---|---|---|---|---|---|
| FY 2025 | $67.59B | $36.61B | $12.79B | $11.20B | -- | -- | $6.99B |
| FY 2024 | $64.81B | $34.40B | $12.32B | $11.39B | -- | -- | $6.71B |
| FY 2023 | $67.06B | $34.61B | $13.67B | $12.12B | -- | -- | $6.67B |
| FY 2022 | $59.43B | $27.98B | $12.81B | $11.89B | -- | -- | $6.74B |
| FY 2021 | $50.97B | $22.02B | $12.14B | $11.72B | -- | -- | $5.09B |
| FY 2020 | $41.75B | $18.21B | $9.86B | $10.24B | -- | -- | $3.43B |
| FY 2019 | $53.80B | $25.79B | $11.22B | $12.08B | -- | -- | $4.71B |
| FY 2018 | $54.72B | $25.62B | $11.93B | $12.47B | -- | -- | $4.70B |
| FY 2017 | $45.46B | -- | -- | -- | $26.91B | $18.55B | -- |
| FY 2016 | $38.54B | -- | -- | -- | $22.58B | $15.96B | -- |
| FY 2015 | $47.01B | -- | -- | -- | $27.79B | $19.22B | -- |
Transcripts77 on file
Transcripts
Events
Events
Next earnings
2026-08-04EPS est $6.21
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