Revenue segments as reported by the company.

Sales of Machinery, Energy & Transportation

Revenues of Financial Products

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Research and development

Interest expense of Financial Products

Other operating (income) expenses

Goodwill impairment charge

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Caterpillar

Solar Turbines is a designer and manufacturerer of industrial gas turbines for onshore and offshore electrical power generation, for marine propulsion and for producing, processing and transporting natural gas and oil. Solar Turbines is one of the world's leading producers of industrial gas turbines up to 30,000 horsepower (22,000 kW). There are more than 15,000 Solar Turbines gas turbine systems installed in over 100 countries worldwide that have collectively logged more than 2 billion hours of use.

Solar Turbines

Perkins Engines is primarily a diesel engine manufacturer for several markets including Agricultural, Construction, Material Handling, Power Generation and Industrial. Over the years Perkins has expanded its engine ranges and produces thousands of different engine specifications including diesel and gas engines.

Perkins Engines

Progress Rail Services is a supplier of railroad and transit system products and services and has become one of the largest integrated and diversified suppliers of railroad and transit system products and services in North America. Progress Rail markets products and services worldwide and maintains 110 facilities in the United States, 34 in Mexico, four in Canada, two in Brazil, five in UK, one in Italy, and one in Germany. Progress Rail is organized into two divisions: Engineering & Track Services and Locomotive & Railcar Services.

Progress Rail Services

Caterpillar, Inc. engages in the business of manufacturing construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Power and Energy, and All Other. The Construction Industries segment is involved in supporting customers using machinery in infrastructure and building construction applications. The Resource Industries segment offers machinery in mining, heavy construction, quarry, and aggregates. The Power and Energy segment focuses on reciprocating engines, turbines, diesel-electric locomotives, and related services across industries serving oil and gas, power generation, industrial, and transportation applications including marine- and rail-related businesses. The All Other segment includes activities such as the business strategy, product management and development, manufacturing, and sourcing of wear and maintenance components products, parts distribution, integrated logistics solutions, distribution services responsible for dealer development, and administration. The company was founded on April 15, 1925, and is headquartered in Irving, TX.

Earnings data Q2 2022

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Earnings data Q1 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Earnings data Q1 2026

Caterpillar excels in Q1 2023, eyes growth amid challenges

Caterpillar's Q1 2023 showcased robust financial performance, driven by strong sales growth and improved profit margins.
While challenges like dealer inventory management persist, the company's positive outlook and strategic investments position it well for future growth.
Opportunities in sustainability initiatives, market collaborations, and financial performance enhancements pave the way for a promising year ahead.

Caterpillar reports robust Q2 earnings, eyes growth amid challenges

Caterpillar's Q2 2023 performance showcased strong growth and profitability across segments, with a positive outlook for the full year. While facing challenges like supply chain disruptions and pricing pressures, the company remains focused on returning cash to shareholders and driving sustainability initiatives.

Caterpillar reports strong Q3 performance, eyes growth opportunities

Caterpillar anticipates another good year in 2024 with elevated backlog levels expected to normalize.
Company expects adjusted operating profit margin to exceed targets for the full year.
Focus on managing costs, improving efficiency, and adding value for customers through technology and services.
Competitive dynamics considered in pricing decisions to remain competitive and add value for customers.

Caterpillar (CAT) reports record-breaking 2023 performance and eyes growth opportunities

Caterpillar's 2023 performance exceeded expectations, with a strong focus on operational efficiency and strategic growth initiatives. The company faces challenges in weak market conditions in China and parts decline but sees opportunities in the energy transition and services growth. Caterpillar plans to return free cash flow to shareholders through dividends and share repurchases, emphasizing organic growth opportunities.

Caterpillar (CAT) posts solid Q1 results, eyes growth opportunities

Caterpillar (CAT) delivered a strong Q1 performance with flat sales but increased profitability. While facing challenges in the European construction market, CAT aims for continued growth in key segments and maintains a positive outlook for the year.

Caterpillar reports mixed Q2 results, focuses on sustainability and innovation

Caterpillar's Q2 2024 performance reflects a mixed bag with sales decline offset by improved profit margins and strong free cash flow. Sustainability efforts and product innovation are key strengths, while challenges include managing sales revenue decline and addressing analyst inquiries on various operational aspects.

Caterpillar reports solid Q3 earnings, eyes growth amid industry challenges

CAT's Q3 performance showcased strong profitability and cash flow despite revenue decline, driven by demand in Energy & Transportation.
While facing challenges in margin sustainability and industry dynamics, CAT's investments in new technologies and sustainability initiatives position it for growth.
Opportunities in sustaining demand, addressing concerns, and leveraging backlog indicate a positive outlook for CAT's future performance.

Caterpillar reports solid 2024 performance amidst margin challenges and 2025 outlook

Caterpillar's 2024 performance was robust, marked by record profits and strong cash flow, though facing challenges in operating margins and lower sales.
The company's focus on services revenue growth and strong backlog position it well for future revenue potential and cash flow generation.
While 2025 poses challenges with lower sales expected, Caterpillar aims to leverage opportunities in ME&T cash flow and segment strengths for continued success.

Caterpillar reports Q1 sales dip, record backlog signals resilience

Caterpillar's Q1 performance reflected mixed results with sales decline but a record backlog, showcasing resilience amid market challenges. While facing sales declines in certain segments, the company's focus on shareholder returns and operational efficiency remains strong. Analysts' questions highlighted areas of concern such as cost pressures and pricing strategies, signaling the need for strategic adjustments.

Caterpillar reports solid Q2 performance amidst tariff challenges and growth opportunities

Caterpillar's Q2 2025 performance reflects resilience and operational excellence, with solid financial metrics and strategic positioning. While facing challenges from tariffs and pricing pressures, the company leverages strengths in backlog growth and segment performance for future growth. Opportunities in revenue expansion, market segment strength, and strategic mitigation efforts position Caterpillar for sustainable growth and profitability. Analyst inquiries highlight market uncertainties but also underscore confidence in Caterpillar's ability to navigate challenges and capitalize on opportunities.

Caterpillar achieves record Q3 sales, navigates tariff challenges for growth

Caterpillar's Q3 2025 performance reflects a resilient business model, marked by record sales, strong cash flow, and growth in backlog, despite tariff challenges. The company's strengths lie in diversified revenue streams, robust financial metrics, and a positive outlook for key segments, signaling operational excellence. While facing challenges from tariffs and flat services revenues, Caterpillar has opportunities to drive growth in Q4, discuss long-term strategies, and optimize cash flow. Overall, Caterpillar's financial outlook remains positive, supported by strong performance, strategic initiatives, and a focus on shareholder value creation.

Caterpillar achieves record sales in 2025, eyes growth opportunities

Caterpillar (CAT) delivered a stellar performance in 2025 with record sales, strong backlog, and growth in key segments. While facing challenges in certain sectors, the company remains well-positioned to capitalize on opportunities in capacity expansion and market trends. Maintaining a focus on improving margins and managing cash flow will be crucial for sustaining growth and profitability in the coming year.