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Screener / SEC EDGAR /CIK 0000018230 /Numbers from the XBRL of the 10-Ks
Industrials peers:
LMTUALBAUPSCATDAL
NYSE Industrials · Construction Machinery

Caterpillar Inc. CAT

CAT quote by TradingView

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
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $67.6B through the costs to a net profit of $8.9B · income statement of the 10-K

16% operating margin
Revenue to Gross profit: $22.8BRevenue to Cost of revenue: $44.8BGross profit to Operating profit: $11.2BGross profit to Operating expenses: $11.7BOperating profit to Net profit: $8.9BOperating profit to Tax & other: $2.3BOperating expenses to R&D: $2.1BOperating expenses to Sales, admin & other: $9.5B Revenue: $67.6B REVENUE $67.6B +4% Y/Y Gross profit: $22.8B · 34% margin GROSS PROFIT $22.8B 34% margin Cost of revenue: $44.8B · 66% of revenue COST OF REVENUE $44.8B 66% of revenue Operating profit: $11.2B · 16% margin OPERATING PROFIT $11.2B 16% margin · −15% Y/Y Operating expenses: $11.7B · 17% of revenue OPERATING EXPENSES $11.7B 17% of revenue Net profit: $8.9B · 13% margin NET PROFIT $8.9B 13% margin · −18% Y/Y Tax & other: $2.3B · 3% of revenue TAX & OTHER $2.3B 3% of revenue R&D: $2.1B · 3% of revenue R&D $2.1B 3% of revenue Sales, admin & other: $9.5B · 14% of revenue SALES, ADMIN & OTHER $9.5B 14% of revenue
Gross profit $22.8B 34% margin
Operating profit $11.2B 16% margin · −15% Y/Y
Net profit $8.9B 13% margin · −18% Y/Y
The full income statement, year by year

CAT among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 4.3%, above 44% of 81 peers (their median 4.9%) REVENUE GROWTH 4.3% · above 44% Gross margin: 92.3%, above 100% of 51 peers (their median 38.1%) GROSS MARGIN 92.3% · above 100% Operating margin: 18.3%, above 56% of 71 peers (their median 17.5%) OPERATING MARGIN 18.3% · above 56% Net margin: 15.2%, above 68% of 81 peers (their median 13.0%) NET MARGIN 15.2% · above 68% FCF margin: 14.5%, above 56% of 78 peers (their median 13.0%) FCF MARGIN 14.5% · above 56% Return on capital: 14.7%, above 58% of 65 peers (their median 13.8%) RETURN ON CAPITAL 14.7% · above 58%
CAT Peer median Below the median

What changed

1 accounting fact worth reading about.

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.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +17.6% vs revenue +4.3% (+13.4 pts)
  • Cash from operations $11.7B vs net income $8.9B (FY ending Dec 31, 2025)
9 more checks with nothing to note
  • 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

In their words

No new paragraphs in Risk Factors

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

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$59.4B$67.1B$64.8B$67.6B
Net income$6.7B$10.3B$10.8B$8.9B
Operating cash flow$7.8B$12.9B$12.0B$11.7B
Free cash flow$6.5B$11.3B$10.0B$8.9B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$67.6B ▲ 4.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

4 filings in the last 30 days · SEC EDGAR

All filings

About the company

Caterpillar Inc., Irving, TX · from the 10-K filed Feb 13, 2026

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. As used herein, the term “Caterpillar,” “we,” “us,” “our” or “the company” refers to Caterpillar Inc. and its subsidiaries unless designated or identified otherwise. With 2025 sales and revenues of $67.589 billion, Caterpillar Inc. is shaping the future as the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

Headquarters
Irving, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

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Sources

Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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