Caterpillar Inc.
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Financial Performance
Revenue
$67.6B
Market Cap
$185.6B
Net Income
$8.9B
Employees
113,200
Caterpillar's financials are notoriously cyclical and deeply tied to the global macroeconomic environment. When the global economy is booming (mining companies are expanding, governments are building infrastructure), Caterpillar sells massive amounts of incredibly expensive machinery, generating staggering revenue and free cash flow. When a global recession hits, sales plummet violently. However, Caterpillar's financial brilliance lies in its massive, highly profitable 'Services' division (selling replacement parts). Because their machines operate in brutal environments and constantly break, selling high-margin spare parts provides incredibly stable cash flow even during deep recessions.
Revenue Trend Analysis
YoY Change
+4.3%
7-Year CAGR
+3.1%
Peak Year
2025
Trend
Mostly Growing
Caterpillar Inc. has reported revenue across 8 fiscal years, compounding at +3.1% annually over 7 years. The most recent year saw a 4.3% increase versus the prior year. Revenue peaked in 2025 at $67.6B. Out of 7 reported periods, 4 showed growth and 3 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $67.6B | $8.9B | +4.3% |
| FY2024 | $64.8B | $10.8B | -3.4% |
| FY2023 | $67.1B | $10.3B | +12.8% |
| FY2022 | $59.4B | $6.7B | +16.6% |
| FY2021 | $51.0B | $6.5B | +22.1% |
| FY2020 | $41.7B | $3.0B | -22.4% |
| FY2019 | $53.8B | $6.1B | -1.7% |
| FY2018 | $54.7B | $6.1B | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Caterpillar Inc. reported approximately $68.4B in fiscal year 2025 with a team of 113,200 employees worldwide.
Caterpillar Inc. strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Industrial Machinery is driven by steady cash generation and pricing power, enabling Caterpillar Inc. to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Caterpillar Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/caterpillar/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Caterpillar Inc. reported $68B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/caterpillar/financials" target="_blank" rel="noopener">CorpDigest — Caterpillar Inc. financials</a></div>