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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›CAT›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

CATERPILLAR INC (CAT) financials

Income statement

CATERPILLAR INC (CAT) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$38.5B$45.5B$54.7B$53.8B$41.7B$51.0B$59.4B$67.1B$64.8B$67.6B
Revenue growth—18.0%20.4%-1.7%-22.4%22.1%16.6%12.8%-3.4%4.3%
Operating income$1.16B$4.46B$8.29B$8.29B$4.55B$6.88B$7.90B$13.0B$13.1B$11.2B
Operating margin3.0%9.8%15.2%15.4%10.9%13.5%13.3%19.3%20.2%16.5%
Net income-$59.0M$759M$6.15B$6.09B$3.00B$6.49B$6.70B$10.3B$10.8B$8.88B
Net margin-0.2%1.7%11.2%11.3%7.2%12.7%11.3%15.4%16.6%13.1%
EPS (diluted)-$0.11$1.26$10.26$10.74$5.46$11.83$12.64$20.12$22.05$18.81

Cash flow

CATERPILLAR INC (CAT) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$5.64B$5.71B$6.56B$6.91B$6.33B$7.20B$7.77B$12.9B$12.0B$11.7B
Capital expenditures$1.11B$898M$1.28B$1.06B$978M$1.09B$1.30B$1.60B$1.99B$2.82B
Free cash flow$4.53B$4.81B$5.28B$5.86B$5.35B$6.11B$6.47B$11.3B$10.0B$8.92B
Share buybacks$0.00$0.00$3.80B$4.05B$1.13B$2.67B$4.23B$4.97B$7.70B$5.19B
Dividends paid$1.80B$1.83B$1.95B$2.13B$2.24B$2.33B$2.44B$2.56B$2.65B$2.75B

Balance sheet

CATERPILLAR INC (CAT) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$7.20B$8.32B$7.89B$8.29B$9.35B$9.25B$7.00B$6.98B$6.89B$9.98B
Total assets$74.7B$77.0B$78.5B$78.5B$78.3B$82.8B$81.9B$87.5B$87.8B$98.6B
Total liabilities$61.5B$63.2B$64.4B$63.8B$62.9B$66.3B$66.1B$68.0B$68.3B$77.3B
Long-term debt$22.8B$23.8B$25.0B$26.3B$26.0B$26.0B$25.7B$24.5B$27.4B$30.7B
Shareholders' equity$13.2B$13.8B$14.1B$14.6B$15.4B$16.5B$15.9B$19.5B$19.5B$21.3B
Retained earnings$27.4B$26.3B$30.4B$34.4B$35.2B$39.3B$43.5B$51.3B$59.4B$65.4B
Shares (wtd avg diluted)584M599M599M568M549M549M530M514M489M472M

Every figure is extracted from CATERPILLAR INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is CATERPILLAR INC's annual revenue?
CATERPILLAR INC (CAT) reported $67.6B of revenue for fiscal year 2025 — up 4.3% from $64.8B in FY2024, per its annual report filed with the SEC.
Is CATERPILLAR INC profitable?
Yes — CAT earned $8.88B of net income in FY2025, a 13.1% net margin, per SEC filings.
What is CATERPILLAR INC's free cash flow?
$8.92B in FY2025 (operating cash flow $11.7B minus $2.82B of capital expenditures), from the SEC cash-flow statement.
Does CAT pay a dividend?
Yes — CATERPILLAR INC paid $2.75B in cash dividends during FY2025, per its SEC cash-flow statement.
Full CAT analysis — verdict, score & filings →Is CAT a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.