
Caterpillar Inc
Caterpillar Inc manufactures and sells construction and mining equipment diesel and natural gas engines and industrial gas turbines worldwide Its Construction Industries segment offers asphalt pavers backhoe loaders compactors cold planers compact track and multiterrain loaders excavators motorgraders pipelayers road reclaimers site prep tractors skid steer loaders telehandlers and utility vehicles mini small medium and large excavators compact small and medium wheel loaders tracktype tractors and loaders and wheel excavators The Resource Industries segment provides electric rope shovels draglines hydraulic shovels rotary drills hard rock vehicles tracktype tractors mining trucks longwall miners wheel loaders offhighway trucks articulated trucks wheel tractor scrapers wheel dozers fleet management landfill compactors soil compactors machinery components autonomous ready vehicles and solutions select work tools and safety services and mining performance solutions The Energy Transportation segment offers reciprocating engines generator sets integrated systems and solutions turbines and turbinerelated services remanufactured reciprocating engines and components centrifugal gas compressors dieselelectric locomotives and components and other railrelated products and services for marine oil and gas industrial and electric power generation sectors The companys Financial Products segment provides operating and finance leases installment sale contracts working capital loans and wholesale financing plans and insurance and risk management products for vehicles power generation facilities and marine vessels The All Other operating segment manufactures filters and fluids undercarriage ground engaging tools etc The company was formerly known as Caterpillar Tractor Co and changed its name to Caterpillar Inc in 1986 The company was founded in 1925 and is headquartered in Deerfield Illinois
| Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue & Profitability | |||||
| Total Revenue | 67.59B | 64.81B | 67.06B | 59.43B | 50.97B |
| Cost of Revenue | 45.73B | 41.49B | 43.80B | 41.92B | 35.97B |
| Gross Profit | 21.86B | 23.32B | 23.26B | 17.51B | 15.00B |
| Gross Margin % | 32.34% | 35.99% | 34.69% | 29.47% | 29.43% |
| Operating Expenses | |||||
| R&D Expenses | 2.15B | 2.11B | 2.11B | 1.81B | 1.69B |
| SG&A Expenses | 6.99B | 6.67B | 6.37B | 5.65B | 5.37B |
| Other Operating Expenses | 1.52B | 1.48B | 1.82B | 1.22B | 1.07B |
| Total Operating Expenses | 10.65B | 10.25B | 10.30B | 8.68B | 8.13B |
| Operating Performance | |||||
| Operating Income | 11.21B | 13.07B | 12.97B | 7.90B | 6.88B |
| Operating Margin % | 16.59% | 20.17% | 19.33% | 13.30% | 13.49% |
| EBITDA | 14.86B | 16.04B | 15.71B | 12.34B | 11.07B |
| EBITDA Margin % | 21.98% | 24.75% | 23.42% | 20.76% | 21.72% |
| Net Results | |||||
| Interest Expense | 1.03B | 512.00M | 511.00M | 443.00M | 488.00M |
| Other Income/Expenses Net | 353.00M | 345.00M | 84.00M | 848.00M | 1.33B |
| Income Before Tax | 11.56B | 13.42B | 13.05B | 8.75B | 8.20B |
| Income Tax Expense | 2.77B | 2.63B | 2.78B | 2.07B | 1.74B |
| Net Income | 8.87B | 10.79B | 10.34B | 6.71B | 6.49B |
| Net Margin % | 13.13% | 16.65% | 15.41% | 11.28% | 12.73% |
| Per Share Metrics | |||||
| EPS | 18.90 | 22.17 | 20.24 | 12.73 | 11.93 |
| Diluted EPS | 18.83 | 22.05 | 20.12 | 12.64 | 11.83 |
| Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 9.98B | 6.89B | 6.98B | 7.00B | 9.25B |
| Short Term Investments | N/A | N/A | 1.90B | N/A | N/A |
| Net Receivables | 21.57B | 18.85B | 19.07B | 17.87B | 17.38B |
| Inventory | 18.14B | 16.83B | 16.57B | 16.27B | 14.04B |
| Other Current Assets | 2.80B | 3.12B | 4.34B | 11.66B | 2.79B |
| Total Current Assets | 52.49B | 45.68B | 46.95B | 43.79B | 43.46B |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | 15.14B | 13.36B | 12.68B | 12.03B | 12.09B |
| Long Term Investments | 16.41B | N/A | 15.87B | 16.59B | N/A |
| Tax Assets | 2.88B | 3.31B | 2.82B | 2.21B | 1.84B |
| Other Non-Current Assets | 6.10B | 19.77B | 3.29B | 1.28B | 18.04B |
| Total Non-Current Assets | 46.10B | 42.08B | 40.53B | 38.16B | 39.34B |
| Total Assets | |||||
| Total Assets | 98.59B | 87.76B | 87.48B | 81.94B | 82.79B |
| Current Liabilities | |||||
| Accounts Payable | 8.97B | 7.68B | 7.91B | 8.69B | 8.15B |
| Short Term Debt | 12.63B | 11.06B | 13.55B | 11.28B | 11.76B |
| Tax Payables | N/A | N/A | N/A | N/A | N/A |
| Deferred Revenue | 3.31B | 2.32B | 1.93B | 1.86B | 1.09B |
| Other Current Liabilities | 11.64B | 11.22B | 11.49B | 9.70B | 8.85B |
| Total Current Liabilities | 36.56B | 32.27B | 34.73B | 31.53B | 29.85B |
| Non-Current Liabilities | |||||
| Long Term Debt | 30.70B | 27.35B | 24.90B | 25.71B | 26.03B |
| Other Non-Current Liabilities | 10.01B | 8.65B | 8.35B | 6.59B | 10.40B |
| Total Non-Current Liabilities | 40.71B | 36.00B | 33.25B | 34.52B | 36.43B |
| Total Liabilities | |||||
| Total Liabilities | 77.27B | 68.27B | 67.97B | 66.05B | 66.28B |
| Shareholders Equity | |||||
| Common Stock | 7.18B | 6.94B | 6.40B | 6.56B | 6.40B |
| Retained Earnings | 65.45B | 59.35B | 51.25B | 43.51B | 39.28B |
| Accumulated Other Comprehensive Income/Loss | -1.77B | -2.47B | -1.82B | -2.46B | -1.55B |
| Total Shareholders Equity | 21.32B | 19.49B | 19.49B | 15.87B | 16.48B |
| Key Metrics | |||||
| Total Liabilities & Equity | 98.59B | 87.76B | 87.48B | 81.94B | 82.76B |
| Total Debt | 43.33B | 38.41B | 38.45B | 36.99B | 37.79B |
| Net Debt | 33.35B | 31.52B | 31.47B | 29.99B | 28.54B |
| Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 8.88B | 10.79B | 10.34B | 6.70B | 6.49B |
| Depreciation & Amortization | 2.26B | 2.15B | 2.14B | 2.22B | 2.35B |
| Stock Based Compensation | 242.00M | N/A | 208.00M | 193.00M | N/A |
| Change in Accounts Receivable | -2.14B | -160.00M | -437.00M | -220.00M | N/A |
| Change in Inventory | -1.48B | -414.00M | -364.00M | -2.59B | -2.59B |
| Change in Accounts Payable | 1.18B | -282.00M | -754.00M | 798.00M | 2.04B |
| Other Working Capital Changes | 2.09B | -3.00M | 1.71B | 211.00M | 34.00M |
| Total Working Capital Change | -348.00M | -859.00M | 151.00M | -1.80B | -647.00M |
| Other Non-Cash Items | 236.00M | 574.00M | 639.00M | 827.00M | -617.00M |
| Net Cash from Operations | 11.74B | 12.04B | 12.89B | 7.77B | 7.20B |
| Investing Activities | |||||
| Capital Expenditures | -1.47B | -3.22B | -3.09B | -2.60B | N/A |
| Purchase of Investments | -1.93B | -1.53B | -4.41B | -3.17B | -2.26B |
| Sale of Investments | 2.52B | 3.16B | 1.89B | 2.38B | 785.00M |
| Other Investing Activities | -3.78B | -803.00M | -967.00M | 839.00M | -1.65B |
| Net Cash from Investing | -4.71B | -2.45B | -5.87B | -2.54B | -3.08B |
| Financing Activities | |||||
| Debt Repayment | 4.13B | 799.00M | -594.00M | -7.73B | -9.80B |
| Stock Repurchases | -5.19B | -7.70B | -4.98B | -4.23B | -2.67B |
| Dividends Paid | -2.75B | -2.65B | -2.56B | -2.44B | -2.33B |
| Other Financing Activities | -90.00M | -41.00M | 1.19B | 7.07B | 10.47B |
| Net Cash from Financing | -3.90B | -9.57B | -6.93B | -7.28B | -4.19B |
| Cash Summary | |||||
| Net Change in Cash | 3.09B | -89.00M | -26.00M | -2.25B | -103.00M |
| Cash at Beginning of Period | 6.90B | 6.99B | 7.00B | 9.26B | 9.37B |
| Cash at End of Period | 9.99B | 6.90B | 6.98B | 7.01B | 9.26B |
| Operating Cash Flow | 11.74B | 12.04B | 12.89B | 7.77B | 7.20B |
| Capital Expenditure | -1.47B | -3.22B | -3.09B | -2.60B | -2.47B |
| Free Cash Flow | 10.27B | 8.82B | 9.79B | 5.17B | 4.73B |
| Year | Annual Total | Yield | Payments | YoY Change | YoY % | CAGR 5Y | CAGR 10Y |
|---|---|---|---|---|---|---|---|
| 2026 P | $1.5100 | 0.24% | 1 | N/A | N/A | N/A | N/A |
| 2025 | $5.8400 | 1.50% | 4 | +$0.4200 | +7.75% | 7.23% | 7.10% |
| 2024 | $5.4200 | 1.59% | 4 | $-0.8800 | -13.97% | 7.47% | 7.62% |
| 2023 | $6.3000 | 2.55% | 5 | +$1.6800 | +36.36% | 13.94% | 13.86% |
| 2022 | $4.6200 | 2.31% | 4 | +$0.3400 | +7.94% | 8.31% | 6.42% |
| 2021 | $4.2800 | 2.08% | 4 | +$0.1600 | +3.88% | 6.80% | 9.05% |
| 2020 | $4.1200 | 2.95% | 4 | +$0.3400 | +8.99% | 6.98% | 9.13% |
| 2019 | $3.7800 | 2.77% | 4 | +$0.5000 | +15.24% | 7.77% | 8.45% |
| 2018 | $3.2800 | 2.24% | 4 | +$0.1800 | +5.81% | 13.78% | 7.71% |
| 2017 | $3.1000 | 2.96% | 4 | +$0.0200 | +0.65% | 4.56% | 8.91% |
| 2016 | $3.0800 | 4.12% | 4 | +$0.1400 | +4.76% | 11.34% | 10.84% |
| 2015 | $2.9400 | 3.67% | 4 | +$0.3400 | +13.08% | 11.32% | 12.44% |
| 2014 | $2.6000 | 2.63% | 4 | +$0.8800 | +51.16% | 9.13% | 12.79% |
| 2013 | $1.7200 | 2.05% | 3 | $-0.7600 | -30.65% | 1.97% | 9.25% |
| 2012 | $2.4800 | 2.68% | 5 | +$0.6800 | +37.78% | 13.44% | 13.48% |
| 2011 | $1.8000 | 1.84% | 4 | +$0.0800 | +4.65% | 10.35% | 10.06% |
| 2010 | $1.7200 | 2.57% | 4 | +$0.0400 | +2.38% | 13.58% | 9.97% |
| 2009 | $1.6800 | 4.30% | 4 | +$0.1200 | +7.69% | 16.59% | 10.39% |
| 2008 | $1.5600 | 2.61% | 4 | +$0.2400 | +18.18% | 17.05% | 10.99% |
| 2007 | $1.3200 | 1.82% | 4 | +$0.2200 | +20.00% | 13.53% | 11.36% |
| 2006 | $1.1000 | 1.59% | 4 | +$0.1900 | +20.88% | 9.78% | 11.36% |
| 2005 | $0.9100 | 1.83% | 4 | +$0.1300 | +16.67% | 6.47% | 11.74% |
| 2004 | $0.7800 | 1.94% | 4 | +$0.0700 | +9.86% | 4.53% | 21.37% |
| 2003 | $0.7100 | 2.47% | 4 | +$0.0100 | +1.43% | 5.24% | 25.20% |
| 2002 | $0.7000 | 3.03% | 4 | +$0.0100 | +1.45% | 9.24% | 25.03% |
| 2001 | $0.6900 | 2.95% | 4 | +$0.0250 | +3.76% | 12.97% | 16.49% |
| 2000 | $0.6650 | 3.56% | 4 | +$0.0400 | +6.40% | 17.26% | 16.06% |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 20, 2026 | $1.5100 | 0.240% | $629.00 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 21, 2025 | $1.4100 | 0.354% | $398.36 |
| Apr 21, 2025 | $1.4100 | 0.495% | $284.74 |
| Jul 21, 2025 | $1.5100 | 0.368% | $410.07 |
| Oct 20, 2025 | $1.5100 | 0.284% | $531.18 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2024 | $1.3000 | 0.456% | $285.28 |
| Apr 19, 2024 | $1.3000 | 0.367% | $354.66 |
| Jul 22, 2024 | $1.4100 | 0.405% | $347.87 |
| Oct 21, 2024 | $1.4100 | 0.361% | $390.48 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2023 | $1.2000 | 0.488% | $245.75 |
| Apr 21, 2023 | $1.2000 | 0.545% | $220.27 |
| Jul 19, 2023 | $1.3000 | 0.495% | $262.75 |
| Jul 20, 2023 | $1.3000 | 0.498% | $261.09 |
| Oct 20, 2023 | $1.3000 | 0.522% | $249.20 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2022 | $1.1100 | 0.501% | $221.66 |
| Apr 22, 2022 | $1.1100 | 0.513% | $216.30 |
| Jul 19, 2022 | $1.2000 | 0.669% | $179.49 |
| Oct 21, 2022 | $1.2000 | 0.631% | $190.22 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2021 | $1.0300 | 0.531% | $194.06 |
| Apr 23, 2021 | $1.0300 | 0.448% | $230.11 |
| Jul 19, 2021 | $1.1100 | 0.547% | $203.08 |
| Oct 22, 2021 | $1.1100 | 0.553% | $200.65 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 17, 2020 | $1.0300 | 0.697% | $147.78 |
| Apr 17, 2020 | $1.0300 | 0.886% | $116.30 |
| Jul 17, 2020 | $1.0300 | 0.752% | $136.90 |
| Oct 23, 2020 | $1.0300 | 0.611% | $168.59 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2019 | $0.8600 | 0.630% | $136.60 |
| Apr 18, 2019 | $0.8600 | 0.600% | $143.36 |
| Jul 19, 2019 | $1.0300 | 0.756% | $136.23 |
| Oct 18, 2019 | $1.0300 | 0.788% | $130.71 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2018 | $0.7800 | 0.458% | $170.41 |
| Apr 20, 2018 | $0.7800 | 0.509% | $153.25 |
| Jul 19, 2018 | $0.8600 | 0.617% | $139.42 |
| Oct 19, 2018 | $0.8600 | 0.655% | $131.32 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2017 | $0.7700 | 0.825% | $93.33 |
| Apr 20, 2017 | $0.7700 | 0.813% | $94.66 |
| Jul 18, 2017 | $0.7800 | 0.728% | $107.07 |
| Oct 20, 2017 | $0.7800 | 0.594% | $131.36 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2016 | $0.7700 | 1.286% | $59.87 |
| Apr 21, 2016 | $0.7700 | 0.979% | $78.66 |
| Jul 18, 2016 | $0.7700 | 0.965% | $79.82 |
| Oct 20, 2016 | $0.7700 | 0.889% | $86.63 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2015 | $0.7000 | 0.830% | $84.32 |
| Apr 16, 2015 | $0.7000 | 0.830% | $84.34 |
| Jul 16, 2015 | $0.7700 | 0.919% | $83.76 |
| Oct 22, 2015 | $0.7700 | 1.086% | $70.88 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 16, 2014 | $0.6000 | 0.652% | $92.01 |
| Apr 16, 2014 | $0.6000 | 0.583% | $102.93 |
| Jul 17, 2014 | $0.7000 | 0.642% | $109.07 |
| Oct 16, 2014 | $0.7000 | 0.751% | $93.24 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Apr 18, 2013 | $0.5200 | 0.646% | $80.46 |
| Jul 18, 2013 | $0.6000 | 0.700% | $85.72 |
| Oct 17, 2013 | $0.6000 | 0.699% | $85.85 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2012 | $0.4600 | 0.441% | $104.26 |
| Apr 19, 2012 | $0.4600 | 0.428% | $107.36 |
| Jul 18, 2012 | $0.5200 | 0.630% | $82.52 |
| Oct 18, 2012 | $0.5200 | 0.600% | $86.62 |
| Dec 20, 2012 | $0.5200 | 0.581% | $89.50 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2011 | $0.4400 | 0.457% | $96.23 |
| Apr 20, 2011 | $0.4400 | 0.406% | $108.28 |
| Jul 18, 2011 | $0.4600 | 0.427% | $107.80 |
| Oct 20, 2011 | $0.4600 | 0.546% | $84.26 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2010 | $0.4200 | 0.699% | $60.12 |
| Apr 22, 2010 | $0.4200 | 0.622% | $67.51 |
| Jul 16, 2010 | $0.4400 | 0.688% | $63.94 |
| Oct 21, 2010 | $0.4400 | 0.558% | $78.89 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2009 | $0.4200 | 1.066% | $39.39 |
| Apr 16, 2009 | $0.4200 | 1.284% | $32.71 |
| Jul 16, 2009 | $0.4200 | 1.230% | $34.15 |
| Oct 22, 2009 | $0.4200 | 0.715% | $58.74 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 17, 2008 | $0.3600 | 0.576% | $62.47 |
| Apr 17, 2008 | $0.3600 | 0.458% | $78.59 |
| Jul 17, 2008 | $0.4200 | 0.585% | $71.83 |
| Oct 16, 2008 | $0.4200 | 0.991% | $42.37 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2007 | $0.3000 | 0.501% | $59.90 |
| Apr 19, 2007 | $0.3000 | 0.437% | $68.62 |
| Jul 18, 2007 | $0.3600 | 0.417% | $86.23 |
| Oct 18, 2007 | $0.3600 | 0.464% | $77.66 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2006 | $0.2500 | 0.404% | $61.87 |
| Apr 20, 2006 | $0.2500 | 0.321% | $77.97 |
| Jul 18, 2006 | $0.3000 | 0.432% | $69.47 |
| Oct 19, 2006 | $0.3000 | 0.435% | $69.02 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2005 | $0.2050 | 0.443% | $46.27 |
| Apr 21, 2005 | $0.2050 | 0.457% | $44.83 |
| Jul 20, 2005 | $0.2500 | 0.470% | $53.20 |
| Oct 20, 2005 | $0.2500 | 0.463% | $54.03 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2004 | $0.1850 | 0.444% | $41.69 |
| Apr 22, 2004 | $0.1850 | 0.440% | $42.05 |
| Jul 16, 2004 | $0.2050 | 0.527% | $38.91 |
| Oct 21, 2004 | $0.2050 | 0.532% | $38.52 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 16, 2003 | $0.1750 | 0.741% | $23.63 |
| Apr 16, 2003 | $0.1750 | 0.681% | $25.71 |
| Jul 17, 2003 | $0.1750 | 0.551% | $31.77 |
| Oct 16, 2003 | $0.1850 | 0.498% | $37.17 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 17, 2002 | $0.1750 | 0.710% | $24.66 |
| Apr 18, 2002 | $0.1750 | 0.637% | $27.46 |
| Jul 18, 2002 | $0.1750 | 0.820% | $21.34 |
| Oct 17, 2002 | $0.1750 | 0.867% | $20.18 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2001 | $0.1700 | 0.814% | $20.88 |
| Apr 19, 2001 | $0.1700 | 0.713% | $23.84 |
| Jul 18, 2001 | $0.1750 | 0.664% | $26.34 |
| Oct 18, 2001 | $0.1750 | 0.754% | $23.20 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2000 | $0.1630 | 0.651% | $24.97 |
| Apr 19, 2000 | $0.1630 | 0.864% | $18.81 |
| Jul 18, 2000 | $0.1700 | 0.900% | $18.88 |
| Oct 18, 2000 | $0.1700 | 1.140% | $14.91 |
Warning: This stock has historical dividend cuts.
| Year | Type | Description |
|---|---|---|
| 1982 | cut | Dividend reduced |
| 1984 | cut | Dividend reduced |
| 1992 | cut | Dividend reduced |
| 1983 | cut | Dividend reduced |
| 1985 | cut | Dividend reduced |
Composite assessment of dividend quality across safety, sustainability, yield, and growth.
Payout ratios, balance sheet strength, and financial stability.
Earnings coverage, cash flow, and business resilience.
Current yield vs. market averages and historical trends.
Dividend growth history and future potential.