CATERPILLAR INC. — Earnings
Most recent reported period: FY2025 (Q4) (filed for period ending 2025-12-31) · sourced from SEC EDGAR
Next earnings (estimated): Wed, April 1, 2026 — 30 days overdue (likely already filed but EDGAR cache cold). Anchored to latest quarter-end + 91 days. Analyst-confirmed dates land in a follow-up wave.
YoY = vs same quarter prior year (seasonality-adjusted)
Recent earnings · last 8 quarters
| Quarter end | Revenue | YoY | Net Income | YoY | Op. Margin |
|---|---|---|---|---|---|
| 2025-12-31 | $19.13B | ↑+18.0% | $2.40B | ↓-13.9% | 13.9% |
| 2025-09-30 | $17.64B | ↑+9.5% | $2.30B | ↓-6.7% | 17.3% |
| 2025-06-30 | $16.57B | ↓-0.7% | $2.18B | ↓-18.7% | 17.3% |
| 2025-03-31 | $14.25B | ↓-9.8% | $2.00B | ↓-29.8% | 18.1% |
| 2024-12-31 | $16.21B | ↓-5.0% | $2.79B | ↑+4.4% | 18.0% |
| 2024-09-30 | $16.11B | ↓-4.2% | $2.46B | ↓-11.8% | 19.5% |
| 2024-06-30 | $16.69B | ↓-3.6% | $2.68B | ↓-8.3% | 20.9% |
| 2024-03-31 | $15.80B | ↓-0.4% | $2.85B | ↑+47.0% | 22.3% |
Analyst consensus estimates (EPS / Revenue) and implied move from options will land in a follow-up wave. For now, YoY-vs-prior-year-quarter is the surprise proxy.
Last earnings · FY2025 (Q4)
Revenue
$19.13B
↑+18.0% +$2.92B YoY
Net Income
$2.40B
↓-13.9% -$389M YoY
Earnings surprise · last 8 quarters
YoY % change · proxy for analyst surprise until estimates landEPS history · last 10 fiscal years
diluted, GAAP, annualNote: EPS reflects WEIGHTED-AVERAGE diluted shares for each fiscal year. Pre-stock- split values can blow up the early bars if SEC's XBRL data isn't split-adjusted — flagged as a known limitation; cumulative split-adjustment is a follow-up.
Margin trends · 71 quarters
margin trajectory tells the operating-leverage storyGross Margin↓-0.1pts
24.8%
Operating Margin↓-4.1pts
13.9%
Net Margin↓-4.7pts
12.5%
Go deeper
CAT Sankey — flow of dollars
See how revenue waterfalls through every line item to net income for the latest reported quarter, with prior-period comparison.
Open SankeyCAT Key Metrics — EPS, ROE, ROIC
10 CFA-grade fundamental ratios — EPS, BVPS, ROE, ROA, ROIC, Debt/Equity, Current Ratio. Compare across years.
Open Key Metrics