CATNYSEConstruction Machinery & EquipFiscal year ends December 31
CATERPILLAR INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$725.79−4.97 (-0.68%)
Close on Oct 19, 2026
- Market cap
- $335.68B
- P/E (TTM)
- 31.2
- Dividend yield
- 0.82%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
33.8%+3.4 pts over 5 years
Operating margin
16.5%+5.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.3% | +4.4% | +10.1% | +3.7% | |
| Gross profit | -7.2% | +8.1% | +12.5% | +5.4% | |
| Operating income | -14.7% | +12.2% | +19.6% | +11.4% | |
| EPS, diluted | -14.7% | +14.2% | +28.1% | +16.2% | |
| Free cash flow | -11.2% | +11.3% | +10.8% | +5.3% | |
| Dividend per share | +7.4% | +8.0% | +7.6% | +7.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | 1.22 | 1.53 | 1.44 | |
| Net debt to EBITDA | 5.46× | 2.67× | 1.96× | |
| Inventory turnover | 3.1× | 2.6× | 2.6× | |
| Capex to revenue | 2.9% | 2.3% | 4.2% | |
| Diluted shares | 584M | 549M | 472M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Caterpillar generated $51.62B from operations and spent $46.29B on capital expenditure, dividends and share buybacks. 19% of that went back into the business.
Generated
$51.62B
Used
$46.29B
Capital expenditure$8.80B19%Dividends$12.73B28%Share buybacks$24.76B53%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$11.74B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$11.74B vs –
- Less leverageLong-term debt to assets fell31.2% → 31.1%
- Better liquidityCurrent ratio rose1.42 → 1.44
- No dilutionShare count did not rise489M → 472M
- Gross margin improvedGross margin up on the prior year37.97% → 33.79%
- More efficientAsset turnover rose0.74 → 0.77