Caterpillar Inc
NYSE: CAT · INDUSTRIALS · FARM & HEAVY CONSTRUCTION MACHINERY
Updated 2026-06-12
Caterpillar Inc (CAT) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $41.52B | $3.54B | 28.83% | 11.85% | 8.52% |
| 2007 | $44.96B | $3.54B | 27.43% | 10.95% | 7.88% |
| 2008 | $51.32B | $3.56B | 25.15% | 8.67% | 6.93% |
| 2009 | $32.40B | $895.00M | 26.27% | 1.78% | 2.76% |
| 2010 | $42.59B | $2.70B | 26.55% | 9.31% | 6.34% |
| 2011 | $60.14B | $4.93B | 26.16% | 11.89% | 8.19% |
| 2012 | $65.88B | $5.68B | 27.36% | 13.01% | 8.62% |
| 2013 | $55.66B | $3.79B | 25.52% | 10.11% | 6.81% |
| 2014 | $55.18B | $2.45B | 25.08% | 6.01% | 4.44% |
| 2015 | $47.01B | $2.51B | 27.39% | 8.05% | 5.34% |
| 2016 | $38.54B | $-67.00M | 25.68% | 3.02% | -0.17% |
| 2017 | $45.46B | $754.00M | 29.82% | 9.81% | 1.66% |
| 2018 | $54.72B | $6.15B | 31.07% | 15.15% | 11.23% |
| 2019 | $53.80B | $6.09B | 30.51% | 15.41% | 11.33% |
| 2020 | $41.75B | $3.00B | 28.93% | 10.91% | 7.18% |
| 2021 | $50.97B | $6.49B | 29.43% | 13.49% | 12.73% |
| 2022 | $59.43B | $6.71B | 29.47% | 13.30% | 11.28% |
| 2023 | $67.06B | $10.34B | 34.69% | 19.33% | 15.41% |
| 2024 | $64.81B | $10.79B | 35.99% | 20.17% | 16.65% |
| 2025 | $67.59B | $8.87B | 32.34% | 16.59% | 13.13% |
Frequently asked questions
What is Caterpillar Inc's revenue?
Caterpillar Inc's trailing twelve-month revenue is $70.75B, and consensus projects about $117.90B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CAT?
In its most recent fiscal year, CAT ran a gross margin of 32.34%, an operating margin of 16.59%, and a net margin of 13.13%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CAT generate?
CAT produced $10.27B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CAT's balance sheet healthy?
CAT holds $9.98B in cash and equivalents against $30.70B in long-term debt, on $21.32B of shareholder equity. That debt is best read against the cash flow the business throws off each year.