Caterpillar Inc. (CAT) income statement
NYSE · Industrials · Agricultural - Machinery · 118,000 employees · CEO Joseph E. Creed
- Price
- $622.75 -3.81%
- Market cap
- $286B
- Enterprise value
- $324B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-04 EPS est. $6.67
Caterpillar Inc. (CAT) reported revenue of $20.7B for Q3 '26 (+17.3% year on year), operating income of $4.21B (20.4% of revenue) and net income of $3.29B. Over the last four quarters revenue was $77.8B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.1B | $15.8B | $16.7B | $16.1B | $16.2B | $14.2B | $16.6B | $17.6B | $19.1B | $17.4B | $20.5B | $20.7B | |
| Cost of revenue | $11.3B | $9.96B | $10.5B | $10.4B | $10.7B | $9.29B | $11.1B | $11.7B | $13.7B | $11.3B | $12.8B | $13.3B | |
| Gross profit | $5.77B | $5.84B | $6.23B | $5.7B | $5.56B | $4.96B | $5.46B | $5.97B | $5.48B | $6.11B | $7.76B | $7.35B | |
| Research & development | $554M | $520M | $535M | $533M | $519M | $480M | $551M | $555M | $562M | $537M | $616M | $596M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.82B | $2.02B | $0 | |
| Other operating expenses | $322M | $223M | $556M | $355M | $344M | $306M | $297M | $536M | $377M | $671M | $833M | $743M | |
| Operating expenses | $2.63B | $2.32B | $2.74B | $2.56B | $2.63B | $2.38B | $2.54B | $2.91B | $2.82B | $3.02B | $3.47B | $3.14B | |
| Operating income | $3.13B | $3.52B | $3.48B | $3.15B | $2.92B | $2.58B | $2.92B | $3.05B | $2.66B | $3.09B | $4.3B | $4.21B | |
| Interest income | $170M | $136M | $118M | $108M | $120M | $99M | $81M | $180M | $127M | $104M | $0 | $0 | |
| Interest expense | $126M | $122M | $113M | $93M | $107M | $99M | $107M | $346M | $478M | $134M | $135M | $129M | |
| Other non-operating income (gains on investments, FX ...) | -$241M | -$156M | -$155M | -$76M | -$426M | -$107M | -$6M | -$429M | -$844M | -$260M | -$398M | -$135M | |
| Total non-operating income | $126M | $23M | $35M | -$42M | $329M | -$2M | -$94M | $83M | $366M | $126M | $263M | $6M | |
| Income before tax | $3.26B | $3.54B | $3.52B | $3.11B | $3.25B | $2.58B | $2.83B | $3.14B | $3.03B | $3.21B | $4.56B | $4.22B | |
| Income tax | $587M | $688M | $836M | $642M | $463M | $574M | $646M | $836M | $712M | $670M | $965M | $968M | |
| Net income | $2.68B | $2.86B | $2.68B | $2.46B | $2.79B | $2B | $2.18B | $2.29B | $2.4B | $2.55B | $3.59B | $3.29B | |
| EPS (basic) | $5.31 | $5.78 | $5.50 | $5.09 | $5.81 | $4.22 | $4.64 | $4.89 | $5.15 | $5.50 | $7.80 | $7.16 | |
| EPS (diluted) | $5.28 | $5.75 | $5.48 | $5.06 | $5.78 | $4.20 | $4.62 | $4.89 | $5.12 | $5.47 | $7.77 | $7.13 | |
| Shares (basic, weighted) | 504M | 494M | 487M | 484M | 484M | 475M | 470M | 469M | 467M | 463M | 460M | 459M | |
| Shares (diluted, weighted) | 507M | 497M | 490M | 487M | 487M | 477M | 472M | 471M | 469M | 466M | 463M | 461M | |
| Depreciation & amortization | $545M | $524M | $531M | $543M | $555M | $540M | $554M | $570M | $598M | $595M | $616M | $615M | |
| EBITDA | $3.92B | $4.2B | $4.17B | $3.77B | $3.91B | $3.23B | $3.48B | $4.05B | $4.1B | $3.94B | $5.31B | $4.96B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.5B | $45.5B | $54.7B | $53.8B | $41.7B | $51B | $59.4B | $67.1B | $64.8B | $67.6B | |
| Cost of revenue | $28.6B | $31.9B | $37.7B | $37.4B | $29.7B | $36B | $41.9B | $43.8B | $41.5B | $45.7B | |
| Gross profit | $9.9B | $13.6B | $17B | $16.4B | $12.1B | $15B | $17.5B | $23.3B | $23.3B | $21.9B | |
| Research & development | $1.85B | $1.84B | $1.85B | $1.69B | $1.42B | $1.69B | $1.81B | $2.11B | $2.11B | $2.15B | |
| Other operating expenses | $2.5B | $2.26B | $1.38B | $1.27B | $1.47B | $1.07B | $2.14B | $1.82B | $1.48B | $1.52B | |
| Operating expenses | $8.74B | $9.1B | $8.71B | $8.13B | $7.52B | $8.13B | $9.61B | $10.3B | $10.3B | $10.6B | |
| Operating income | $1.16B | $4.46B | $8.29B | $8.29B | $4.55B | $6.88B | $7.9B | $13B | $13.1B | $11.2B | |
| Interest income | $74M | $122M | $195M | $202M | $112M | $80M | $167M | $494M | $482M | $487M | |
| Interest expense | $499M | $522M | $401M | $417M | $510M | $485M | $443M | $511M | $512M | $1.03B | |
| Other non-operating income (gains on investments, FX ...) | $518M | -$153M | $67M | $57M | $44M | -$1.81B | -$1.29B | -$595M | -$813M | -$1.38B | |
| Total non-operating income | -$1.03B | -$362M | -$447M | -$450M | -$544M | $1.36B | $867M | $147M | $345M | $353M | |
| Income before tax | $133M | $4.1B | $7.85B | $7.84B | $4.01B | $8.24B | $8.77B | $13.1B | $13.4B | $11.6B | |
| Income tax | $192M | $3.34B | $1.7B | $1.75B | $1.01B | $1.74B | $2.07B | $2.78B | $2.63B | $2.77B | |
| Net income | -$67M | $754M | $6.15B | $6.09B | $3B | $6.49B | $6.71B | $10.3B | $10.8B | $8.87B | |
| EPS (basic) | -$0.11 | $1.27 | $10.39 | $10.85 | $5.51 | $11.93 | $12.73 | $20.24 | $22.17 | $18.90 | |
| EPS (diluted) | -$0.11 | $1.26 | $10.26 | $10.74 | $5.46 | $11.83 | $12.64 | $20.12 | $22.05 | $18.83 | |
| Shares (basic, weighted) | 584M | 592M | 591M | 562M | 544M | 544M | 527M | 511M | 487M | 467M | |
| Shares (diluted, weighted) | 584M | 599M | 599M | 568M | 549M | 549M | 530M | 514M | 489M | 469M | |
| Depreciation & amortization | $3.03B | $2.88B | $2.77B | $2.58B | $2.43B | $2.35B | $2.22B | $2.14B | $2.15B | $2.26B | |
| EBITDA | $3.68B | $7.49B | $11B | $10.8B | $6.94B | $11B | $11.4B | $15.7B | $16B | $14.9B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01