On products and services:
Our research and development efforts remain focused on providing customers the lowest total cost of ownership enabled through the highest quality, most productive products and services in the industry.
CATERPILLAR INC (CAT) single-company analysis
This page is a descriptive assembly from a frozen evidence pack of public SEC filing excerpts and verified SEC companyfacts metrics. It is not a rating, recommendation, endorsement, forecast, valuation, or investment advice. Filer viewpoints are attributed to the filer and figures are as of their cited filing dates.
Informational only - not investment advice. See Disclaimer.
Back to CAT company profile. Existing company-page SVG figures remain the source for financial time-series context.
Business & segments
On global dealer network:
Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company’s primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers’ toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team.
Financial profile
The values below are templated from verified SEC companyfacts-derived facts. The embedded SVG figures show selected annual series from the same facts.
Reported revenue: 67,589,000,000
Operating margin: 16.50%
Free cash flow: 8,918,000,000
Revenue scale is shown from verified SEC companyfacts. Revenue: 67,589,000,000
Operating margin is shown from verified SEC companyfacts. Operating margin: 16.50%
Net margin is shown from verified SEC companyfacts. Net margin: 13.14%
Free cash flow is computed from verified operating cash flow and capital expenditure facts. Free cash flow: 8,918,000,000
Capital expenditures are shown as reported payment magnitude from verified SEC companyfacts. Capital expenditures: 2,821,000,000
Dividends paid are shown as reported cash outflow magnitude from verified SEC companyfacts. Dividends paid: 2,749,000,000
| Metric | Value | Fiscal year | Period end | Source |
|---|---|---|---|---|
| Capital expenditures | 2,821,000,000 | 2025 | 2025-12-31 | USD |
| Dividends paid | 2,749,000,000 | 2025 | 2025-12-31 | USD |
| Free cash flow | 8,918,000,000 | 2025 | 2025-12-31 | USD |
| Liabilities / equity | 3.62 | 2025 | 2025-12-31 | Ratio |
| Net income | 8,882,000,000 | 2025 | 2025-12-31 | USD |
| Net margin | 13.14% | 2025 | 2025-12-31 | Percent |
| Operating cash flow | 11,739,000,000 | 2025 | 2025-12-31 | USD |
| Operating income | 11,151,000,000 | 2025 | 2025-12-31 | USD |
Stated strategy
Key idiosyncratic risks
On supply-chain exposure:
The impact from a change in liquidity and credit policies could negatively affect the customers and markets we serve or our suppliers, create supply chain inefficiencies and could adversely impact our business, results of operations and financial condition.
On interest-rate effects:
Increases in interest rates could negatively impact sales and create supply chain inefficiencies.
Recent developments
On sales and revenues movement:
OVERVIEW Total sales and revenues for 2025 were $67.589 billion, an increase of $2.780 billion, or 4 percent, compared with $64.809 billion for 2024.