Share

Profile & Fundamentals

Caterpillar Profile & Fundamentals

Name: Caterpillar financial chart data preview
Creator: iPulse AI
License: https://ipulseai.com/terms

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

Interactive annual & quarterly chartsAI financial reviewsReported source tables

Explore this pageJump to a Profile & Fundamentals section

Explore this research

Profile & Fundamentals contents

Jump directly to any section

Company and Market Context

Company Profile & Ownership

Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, track-type tractors, and track and wheel excavators; backhoe, compact track, skid steer, track-type, and wheel loaders; and related parts and work tools. Its Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, mining trucks, wheel loaders, off-highway and articulated trucks, wide-body trucks, wheel tractor scrapers and dozers, and landfill and soil compactors; machinery components, and wear and maintenance components; and technology products and services for fleet management, equipment management analytics, autonomous machine capabilities, safety services, and mining performance solutions. The Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines, drivetrain, and integrated systems and solutions; centrifugal gas compressors and related services; and diesel-electric locomotive components, and other rail-related products. Its Financial Products segment provides operating and finance leases, revolving charge accounts, installment sale contracts, repair/rebuild financing, working capital loans, and wholesale financing; and insurance and risk management products and services. The All Other segment offers parts distribution; logistics and distribution services; electronics and control systems; dealer portfolio management; brand management and marketing strategy; and digital investment services. It also provides mining software solutions. The company was formerly known as Caterpillar Tractor Co. Caterpillar Inc. was incorporated in 1925 and is headquartered in Irving, Texas.

Company profile record

Caterpillar Inc

Common Stock · Industrials · Construction Machinery & Heavy Transportation Equipment

Official website

Company

Company / asset: Caterpillar Inc
Security type: Common Stock
Sector: Industrials
Industry: Construction Machinery & Heavy Transportation Equipment
HQ: 🇺🇸 United States
Head office: 5205 N. O'Connor Boulevard, Irving, TX, United States, 75039

Leadership & scale

Chief executive: Mr. Joseph E. Creed CPA
CEO year born: 1976
Full-time employees: 118K
Fiscal year end: December
IPO date: 1962-01-02

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 377.6B
P/E: 34.9x
Revenue (Q2 26): USD 20.5B
Profit (Q2 26): USD 3.6B
Dividend Yield: 0.5%
Revenue (FY 25): USD 67.6B
Shares in public float: 458.2M
Insider ownership: 0.22%

Reporting & identifiers

Symbol: CAT.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US1491231015
Asset ID: equity_396caf80-29d7-5d17-adb8-e2e1e368773e

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc37,169,433 shares · 8.09% · Reported 2026-03-31
State Street Corp34,880,604 shares · 7.59% · Reported 2026-03-31
Vanguard Capital Management, LLC30,234,453 shares · 6.58% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest14,666,146 shares · 3.19% · Reported 2026-07-31
State Farm Mutual Automobile Ins Co14,509,304 shares · 3.16% · Reported 2026-06-30
Vanguard 500 Index Investor12,089,408 shares · 2.63% · Reported 2026-07-31
Vanguard Portfolio Management, LLC11,705,890 shares · 2.55% · Reported 2026-03-31

View more holders (8)

Geode Capital Management, LLC11,127,483 shares · 2.42% · Reported 2026-03-31
Fisher Asset Management, LLC9,942,521 shares · 2.16% · Reported 2026-06-30
Morgan Stanley - Brokerage Accounts7,499,662 shares · 1.63% · Reported 2026-03-31
Gates Bill & Melinda Foundation6,353,614 shares · 1.38% · Reported 2026-06-30
iShares Core S&P 500 ETF6,133,620 shares · 1.33% · Reported 2026-08-31
Fidelity 500 Index5,955,937 shares · 1.30% · Reported 2026-07-31
Northern Trust Corp5,678,795 shares · 1.24% · Reported 2026-03-31
Bank of America Corp5,677,578 shares · 1.24% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Caterpillar's recent financial results show an impressive operational rebound, highlighted by second-quarter 2026 revenue jumping 24% year-over-year to $20.5 billion and trailing twelve-month free cash flow reaching nearly $9 billion. This performance was driven by urgent customer orders for massive backup generators and gas turbines to power data centers, reversing a mild industrial pause experienced during 2025. However, headline profits conceal significant differences between business lines. While power systems and heavy mining machines are expanding rapidly, ordinary construction equipment is beginning to slow as higher borrowing costs bite. Furthermore, second-quarter earnings benefited from a nonrecurring $392 million tariff recovery, meaning underlying profit margins are closer to normal targets than initial headline figures suggest.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profitability has staged a sharp cyclical recovery, with adjusted operating margins rebounding from roughly 16.6% in 2025 to over 21% in mid-2026. This margin strength reflects exceptional pricing power on specialized power turbines and high-horsepower generator sets, combined with the rising contribution of high-margin proprietary replacement parts. Sustaining these peak profit margins will prove challenging as the economic cycle matures. Annual import tariffs impose an ongoing cost burden of approximately $2.2 billion, while independent dealers face higher inventory holding costs that could force promotional price discounts on earthmoving equipment. Consolidated will likely settle toward a sustainable mid-cycle range of 15% to 17% over coming years.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

Complete Research Workspace

Unlock the complete Profile & Fundamentals

Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.

Sign in to check access View Base plan

Paywalled preview begins: Reported Data Tables — chart preview

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	38,537,000,000	2,711,000,000	-67,000,000	25.68	3.02	-0.17	7.03
2017-12-31	45,462,000,000	3,370,000,000	754,000,000	29.82	9.81	1.66	7.41
2018-12-31	54,722,000,000	3,642,000,000	6,147,000,000	31.07	15.15	11.23	6.66
2019-12-31	53,800,000,000	4,243,000,000	6,093,000,000	30.51	15.41	11.33	7.89
2020-12-31	41,748,000,000	4,212,000,000	2,998,000,000	28.93	10.91	7.18	10.09
2021-12-31	50,971,000,000	4,726,000,000	6,489,000,000	29.43	13.49	12.73	9.27
2022-12-31	59,427,000,000	5,167,000,000	6,705,000,000	29.47	13.3	11.28	8.69
2023-12-31	67,060,000,000	9,793,000,000	10,335,000,000	34.69	19.33	15.41	14.6
2024-12-31	64,809,000,000	8,820,000,000	10,792,000,000	35.99	20.17	16.65	13.61
2025-12-31	67,589,000,000	7,453,000,000	8,873,000,000	32.34	16.59	13.13	11.03

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	30.28	Trailing four quarters
2024-12-31	16.36	Trailing four quarters
2023-12-31	14.5	Trailing four quarters
2022-12-31	18.61	Annual net income
2021-12-31	17.29	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	596,400,000
2018-01-01	587,600,000
2019-01-01	556,100,000
2020-01-01	549,500,000
2021-01-01	542,600,000
2022-01-01	520,900,000
2023-01-01	507,000,000
2024-01-01	486,700,000
2025-01-01	469,000,000
2026-01-01	462,500,000

End of the paywalled preview

The excerpt from Reported Data Tables — chart preview to this notice is the simplified paywalled content included on this page. A signed-in, verified account with the required subscription provides the full interactive interface and the additional research, datasets and tools listed below.

Those additional materials are not included in this preview and cannot be revealed by removing its visual restrictions.

Additional with full access

Earnings, Profitability & Valuation
- Complete profitability ratios
- EPS history and estimate comparisons
- Execution vs expectations
- Annual and quarterly financial views
Capital Expenditure & R&D
- Capital allocation AI review
- Annual capital expenditure
- Investment intensity trends
- Capex and R&D intensity indicators
Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

Explore complete public research examples

These public assets show the complete asset profiles, fundamental datasets and analysis. Their findings concern those assets, not this report.