CATCaterpillar Inc.

Industrials · Construction Machinery · NYSE

Originally organized as Caterpillar Tractor Co. in 1925 in the State of California, our company was reorganized as Caterpillar Inc. in 1986 in the State of Delaware. 10-K, Item 1

Headquarters: Irving, TX
CEO: Joseph E. Creed
Next results: around Jan 28, 2027

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Key numbers

Latest fiscal year, with ten years behind each

RevenueFY2016–25 $67.6B+4.3% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $8.9B−17.7% FY2024: $10.8B 10-K FY2025 · XBRL Free cash flowFY2016–25 $8.9B−11.2% FY2024: $10.0B 10-K FY2025 · XBRL Operating marginFY2016–25 16.5%−3.7 pts 3.0% in FY2016 10-K FY2025 · XBRL

What changed

latest 10-K

Area	What changed	Source
Risk factors	No new paragraphs, or fewer than two 10-Ks to compare	10-K Item 1A
Receivables growing faster than revenue	Receivables +17.6% vs revenue +4.3% (+13.4 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	1 open-market buy in the last 90 days	Form 4
Filings	4 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

No new paragraphs in Risk Factors, or fewer than two 10-Ks to compare.

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +17.6% vs revenue +4.3% (+13.4 pts)
✓
Cash from operations $11.7B vs net income $8.9B (FY ending 2025-12-31)
✓
Inventory +7.8% vs revenue +4.3% (+3.5 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Product Warranty Liability
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 3, 2026Buy Fish James C Jr (Director) bought $620K open-market purchase on Nov 2, 2026
Oct 29, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
Oct 15, 20268-K Director or officer change, Other events 8-K items 5.02, 8.01

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Work on CAT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CAT/export.csv") into a cell.