Caterpillar CAT
$558.63 +$4.99 (+0.90%)
Market closed · Nov 7, 9:10 am ET · Last extended-hours $559.31 +0.12%
Open$571.82
Prev close$553.64
Day range$554.61 – $572.00
Volume4.79M
Market cap$255.63B
P/E (TTM)21.9
Dividend yield1.10%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$20.68B+17.3% YoY
Operating profit$4.21B+38.1% YoY
Net profit$3.29B+42.9% YoY
Diluted EPS$7.13+46.1% YoY
Free cash flow$3.29B+23.3% YoY
Operating cash flow$4.35B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin32.9%
Operating margin18.3%
Net margin15.2%
Return on equity56.1%
Return on assets11.8%
Return on invested capital19.0%
Current ratio1.42
Liabilities / assets79.9%
Cash & investments$7.93B
Total debt$45.20B
Net cash (debt)-$37.27B
Free cash flow / sales12.4%
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $20.68B | $20.54B | $17.42B | $67.59B | $19.13B |
| Total Operating Revenue | $20.68B | $20.54B | $17.42B | $67.59B | $19.13B |
| Cost of Revenue | $13.72B | $13.14B | $11.65B | $46.11B | $13.66B |
| Gross Profit | $6.97B | $7.40B | $5.76B | $21.48B | $5.48B |
| Operating Expense | $2.75B | $3.11B | $2.68B | $10.33B | $2.82B |
| Selling and Admin Expenses | $1.80B | $2.02B | $1.82B | $6.99B | $1.88B |
| Research & Development | $596.00M | $616.00M | $537.00M | $2.15B | $562.00M |
| Other Operating Expenses | $359.00M | $471.00M | $326.00M | $1.19B | $377.00M |
| Operating Profit | $4.21B | $4.30B | $3.09B | $11.15B | $2.66B |
| Net Non-Operating Interest Income (Expense) | -$129.00M | -$135.00M | -$134.00M | -$502.00M | -$127.00M |
| Non-Operating Interest Expense | $129.00M | $135.00M | $134.00M | $502.00M | $127.00M |
| Other Income (Expense) | $135.00M | $398.00M | $260.00M | $892.00M | $493.00M |
| Other Non-Operating Income (Expenses) | $135.00M | $190.00M | $123.00M | $614.00M | $385.00M |
| Pretax Profit | $4.22B | $4.56B | $3.21B | $11.54B | $3.03B |
| Tax | $968.00M | $1.06B | $670.00M | $2.77B | $712.00M |
| Earnings from Equity Interest Net of Tax | $34.00M | $90.00M | $7.00M | $109.00M | $87.00M |
| Net Profit | $3.29B | $3.59B | $2.55B | $8.88B | $2.40B |
| Profit from Continuing Operations | $3.29B | $3.59B | $2.55B | $8.88B | $2.40B |
| Minority Interests | -$1.00M | $0.00 | -$1.00M | -$2.00M | -$1.00M |
| Net Income to Parent Company | $3.29B | $3.59B | $2.55B | $8.88B | $2.40B |
| Net Income to Common Stockholders | $3.29B | $3.59B | $2.55B | $8.88B | $2.40B |
| Basic EPS | $7.16 | $7.80 | $5.50 | $18.90 | $5.15 |
| Diluted EPS | $7.13 | $7.77 | $5.47 | $18.81 | $5.12 |
| Dividend Per Share | $1.63 | $1.51 | $1.51 | $5.84 | $1.51 |
| Gain on Sale of Security | – | $208.00M | $137.00M | $278.00M | $108.00M |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $106.84B | $102.61B | $95.55B | $98.59B | $98.59B |
| Total Current Assets | $57.83B | $54.45B | $48.57B | $52.49B | $52.49B |
| Cash and Cash Equivalents & Short-Term Investments | $7.93B | $6.71B | $4.07B | $9.98B | $9.98B |
| -Cash and Cash Equivalents | $7.93B | $6.71B | $4.07B | $9.98B | $9.98B |
| Receivables | $24.49B | $24.03B | $21.89B | $21.57B | $21.57B |
| -Accounts Receivable | $24.49B | $24.03B | $21.89B | $21.57B | $21.57B |
| Inventory | $22.21B | $20.63B | $19.63B | $18.14B | $18.14B |
| Other Current Assets | $3.20B | $3.08B | $2.98B | $2.80B | $2.80B |
| Total Non-Current Assets | $49.01B | $48.16B | $46.98B | $46.10B | $46.10B |
| Net PPE | $16.01B | $15.63B | $15.25B | $15.14B | $15.14B |
| Non Current Accounts Receivables | $17.75B | $17.45B | $16.83B | $16.41B | $16.41B |
| Goodwill and Other Intangible Assets | $6.31B | $6.28B | $6.28B | $5.56B | $5.56B |
| -Goodwill | $5.91B | $5.86B | $5.87B | $5.32B | $5.32B |
| -Other Intangible Assets | $409.00M | $420.00M | $419.00M | $241.00M | $241.00M |
| Non-Current Deferred Assets | $2.24B | $2.29B | $2.42B | $2.88B | $2.88B |
| Other Non-Current Assets | $6.70B | $6.52B | $6.20B | $6.10B | $6.10B |
| Total Liabilities | $85.36B | $83.22B | $76.89B | $77.27B | $77.27B |
| Total Current Liabilities | $40.67B | $39.79B | $35.90B | $36.56B | $36.56B |
| Payables | $10.57B | $11.06B | $9.64B | $9.67B | $9.67B |
| -Accounts Payable | $10.57B | $10.31B | $9.64B | $8.97B | $8.97B |
| -Dividends Payable | $0.00 | $749.00M | $0.00 | $703.00M | $703.00M |
| Current Accrued Expenses | $8.70B | $7.97B | $6.89B | $8.14B | $8.14B |
| Short-Term Debt and Capital Lease Obligation | $13.04B | $13.11B | $12.42B | $12.63B | $12.63B |
| -Current Debt | $13.04B | $13.11B | $12.42B | $12.63B | $12.63B |
| Current Deferred Liabilities | $5.33B | $4.78B | $4.38B | $3.31B | $3.31B |
| Other Current Liabilities | $3.03B | $2.87B | $2.57B | $2.80B | $2.80B |
| Total Non-Current Liabilities | $44.70B | $43.43B | $40.99B | $40.71B | $40.71B |
| Long Term Debt and Capital Lease Obligation | $32.17B | $32.04B | $30.64B | $30.70B | $30.70B |
| -Long Term Debt | $32.17B | $32.04B | $30.64B | $30.69B | $30.69B |
| Employee Benefits | $3.61B | $3.74B | $3.66B | $3.84B | $3.84B |
| Other Non-Current Liabilities | $8.92B | $7.64B | $6.69B | $6.18B | $6.18B |
| Total Equity | $21.48B | $19.39B | $18.66B | $21.32B | $21.32B |
| Stockholders' Equity | $21.48B | $19.40B | $18.66B | $21.32B | $21.32B |
| Capital Stock | $6.66B | $5.65B | $5.85B | $7.18B | $7.18B |
| -Common Stock | $6.66B | $5.65B | $5.85B | $7.18B | $7.18B |
| Retained Earnings | $73.43B | $70.14B | $68.00B | $65.45B | $65.45B |
| Less: Treasury Stock | $56.70B | $54.53B | $53.31B | $49.54B | $49.54B |
| Gains/Losses Not Affecting Retained Earnings | -$1.90B | -$1.87B | -$1.88B | -$1.77B | -$1.77B |
| Minority Interests | -$1.00M | -$1.00M | -$1.00M | $0.00 | $0.00 |
| -Gross PPE | – | – | – | $31.91B | $31.91B |
| -Accumulated Depreciation | – | – | – | -$16.77B | -$16.77B |
| -Long Term Capital Lease Obligation | – | – | – | $6.00M | $6.00M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $4.35B | $4.37B | $1.87B | $11.74B | $3.59B |
| Net cash flow from continuing operations | $4.35B | $4.37B | $1.87B | $11.74B | $3.59B |
| Net Income from Continuing Operations | $3.29B | $3.59B | $2.55B | $8.88B | $2.40B |
| Gain/Loss from Continuing Operations | $0.00 | – | – | -$264.00M | – |
| Depreciation & Depletion & Amortization | $615.00M | $616.00M | $595.00M | $2.26B | $598.00M |
| Deferred Tax | -$14.00M | $110.00M | $534.00M | $465.00M | $165.00M |
| Other Non-Cash Items | $271.00M | -$90.00M | $68.00M | $742.00M | $233.00M |
| Change in Working Capital | $194.00M | $3.00M | -$1.88B | -$348.00M | $458.00M |
| -Change in Receivables | -$579.00M | -$2.38B | -$801.00M | -$2.14B | -$1.35B |
| -Change in Inventory | -$1.57B | -$1.05B | -$1.50B | -$1.48B | $538.00M |
| -Change in Payables and Accrued Expense | $904.00M | $1.70B | -$387.00M | $1.80B | $963.00M |
| -Change in Other Current Assets | -$158.00M | $91.00M | -$184.00M | -$176.00M | -$38.00M |
| -Change in Other Current Liabilities | $166.00M | $401.00M | -$330.00M | -$294.00M | $61.00M |
| -Change In Other Working Capital | $1.43B | $1.25B | $1.33B | $1.93B | $284.00M |
| Net cash flow from investing | -$1.32B | -$1.66B | -$1.78B | -$4.71B | -$1.88B |
| Net Cash Flow from Continuing Investing Activities | -$1.32B | -$1.66B | -$1.78B | -$4.71B | -$1.88B |
| Capital Expenditure | -$1.06B | -$1.11B | -$1.05B | -$4.29B | -$1.34B |
| Net PPE Purchase and Sale | $337.00M | $245.00M | $191.00M | $708.00M | $164.00M |
| Net Business Purchase and Sale | $0.00 | -$92.00M | $0.00 | $22.00M | $10.00M |
| Net Investment Purchase and Sale | -$239.00M | -$329.00M | -$894.00M | $517.00M | -$111.00M |
| Net Other Investing Changes | -$350.00M | -$377.00M | -$21.00M | -$1.67B | -$601.00M |
| Financing Cash Flow | -$1.79B | -$83.00M | -$5.95B | -$3.90B | $751.00M |
| Net Cash Flow from Continuing Financing Activities | -$1.79B | -$83.00M | -$5.95B | -$3.90B | $751.00M |
| Net Issuance Payments Of Debt | $189.00M | $2.18B | -$122.00M | $4.13B | $1.78B |
| Net Common Stock Issuance | -$1.23B | -$1.52B | -$5.13B | -$5.21B | -$317.00M |
| Cash Dividends Paid | -$749.00M | -$696.00M | -$703.00M | -$2.75B | -$706.00M |
| Net Other Financing Charges | $0.00 | – | – | -$74.00M | -$1.00M |
| Ending Cash Balance | $7.94B | $6.72B | $4.08B | $9.99B | $9.99B |
| Net Change in Cash | $1.24B | $2.62B | -$5.86B | $3.13B | $2.46B |
| Beginning Cash Balance | $6.72B | $4.08B | $9.99B | $6.90B | $7.54B |
| Effect of Exchange Rate Changes | -$28.00M | $20.00M | -$55.00M | -$43.00M | -$20.00M |
| Free Cash Flow | $3.29B | $3.26B | $819.00M | $7.45B | $2.25B |
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