Caterpillar Inc.
Explore Caterpillar
Core profile pages, annual revenue records, and related research hubs for this company.
Caterpillar Inc.
Explore Caterpillar
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$67.6B
Market Cap
$175.0B
Net Income
$8.9B
Employees
118,000
Caterpillar reported $67.589 billion in 2025 sales and revenues, up 4% from $64.809 billion in 2024. Profit was $8.882 billion, below the $10.788 billion earned in 2024, as margin eased even while sales grew. The 2025 mix is important: Caterpillar is not just a construction-equipment cycle story. Power & Energy, Construction Industries, and Resource Industries are supported by Cat Financial and one of the world's strongest independent dealer networks. Under CEO Joseph E. Creed, the company is emphasizing commercial excellence, advanced technology, services, and disciplined execution while navigating demand cycles in infrastructure, mining, oil and gas, power generation, and data-center-related energy needs.
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.
Driven by global construction booms and massive commodity mining, Caterpillar typically generates over $60 billion in annual revenue.
Wall Street obsesses over Caterpillar's earnings. If Caterpillar is selling massive amounts of bulldozers in China, it means the global economy is booming. If their sales suddenly drop, it is a highly accurate leading indicator of a global recession.
Massively. If the price of copper skyrockets, global mining companies make massive profits and aggressively buy brand new, $5 million Caterpillar mining trucks. If commodity prices crash, the mines shut down, and Caterpillar's 'Resource Industries' revenue collapses.
Yes. Caterpillar is a highly prized Dividend Aristocrat. Because they generate massive free cash flow, they have paid a cash dividend every year since 1933 and have consistently increased it for roughly 30 consecutive years.
Because Caterpillar is a massive exporter (building machines in the US and selling them in Asia), a 'strong' US dollar actually hurts them. It makes their machines much more expensive for foreign buyers compared to their Japanese rival, Komatsu.
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>