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, Energy and Transportation, Financial Products, 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 Energy and Transportation 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 Financial Products segment provides financing alternatives to customers and dealers for Caterpillar products and services, as well as financing for power generation facilities. The All Other segment includes activities such as the business strategy, product management, and development, and manufacturing filters and fluids, undercarriage, tires and rims, engaging tools, and fluid transfers. The company was founded on April 15, 1925 and is headquartered in Irving, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Caterpillar reports robust Q4 earnings, eyes growth amid supply challenges

Caterpillar's Q4 2022 showcased strong sales growth and record profit per share. Challenges in the supply chain impacted certain sectors, but overall performance was robust.
The company's focus on key sectors like Energy & Transportation paid off with significant sales increases. Positive outlook for 2023 with expectations of increased sales and profit margins.
Maintaining strong ME&T free cash flow and service revenue growth are key strengths. Adjusted operating profit margins may face challenges in Q1 2023.
Despite challenges, Caterpillar remains optimistic about future growth opportunities and aims to meet its financial targets for the coming year.

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.

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Cash & equivalents

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Total equity

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Minority interest

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Book value per share

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Change in working capital

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Purchase/sale of business

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Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Caterpillar's NYSE: CAT stock price fell sharply following the Q3 release, but the market activity since the initial decline clearly signals that it is time to buy this stock. The Q3 performance aside, operational quality is good for this market-leading industrial name and sufficient to sustain the capital return outlook.

Caterpillar Stock: Market Points to a Buying Opportunity

Caterpillar Inc.'s Q3 results were mixed, with a miss on the top and bottom line, but an overall optimistic outlook for the whole fiscal year. However, the current valuation appears stretched, and long-term investors should pay close attention to changes in price realization. Ongoing trends in the Energy & Transportation segment are likely to provide a short-term tailwind for the share price, but problems a brewing in the company's other two segments.

Caterpillar Q3: There Are More Pressing Issues Than The Earnings Miss

CAT reports lower-than-expected Q3 earnings due to decreased volumes in the Construction Industries and Resource Industries segments.

Caterpillar Q3 Earnings & Revenues Miss Estimates on Low Volumes

Caterpillar (CAT) shares declined Wednesday when the construction equipment manufacturer posted worse-than-expected results and warned about the future on a slowdown in industrial sector demand.

Caterpillar Sales Slide on Weak Industrial Demand

Caterpillar Inc. (NYSE:CAT ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Ryan Fiedler - Vice President, Investor Relations Jim Umpleby - Chairman & Chief Executive Officer Andrew Bonfield - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs Tami Zakaria - JPMorgan Angel Castillo - Morgan Stanley Jamie Cook - Truist Securities David Raso - Evercore ISI Michael Feniger - Bank of America Kristen Owen - Oppenheimer & Company Steven Fisher - UBS Kyle Menges - Citigroup Chad Dillard - Bernstein Tim Thein - Raymond James Mig Dobre - Baird Jairam Nathan - Daiwa Rob Wertheimer - Melius Research Operator Welcome to the Third Quarter 2024 Caterpillar Earnings Conference Call. Please be advised that today's conference is being recorded.

Caterpillar Inc. (CAT) Q3 2024 Earnings Call Transcript

Caterpillar Inc (NYSE:CAT, ETR:CAT1) has unveiled lower-than-expected profit for the third quarter on a drop in sales as demand for construction equipment remained downtrodden. Revenue fell by 4% over the third quarter to $16.1 billion, Caterpillar reported on Wednesday, broadly in line with analysts' expectations.

Caterpillar profit falls short as demand wanes

The headline numbers for Caterpillar (CAT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Caterpillar (CAT) Q3 Earnings: A Look at Key Metrics

Caterpillar (CAT) came out with quarterly earnings of $5.17 per share, missing the Zacks Consensus Estimate of $5.33 per share. This compares to earnings of $5.52 per share a year ago.

Caterpillar (CAT) Lags Q3 Earnings and Revenue Estimates

Caterpillar's stock drops after a rare profit miss, while revenue was below expectations for a fourth straight quarter.

Caterpillar's stock drops as weak equipment sales lead to a rare profit miss

Caterpillar earnings and revenue fell well short of estimates on softer construction sales. CAT stock is weighing down the Dow Jones early Wednesday.

Caterpillar Earnings Miss As Sales Slide; CAT Stock Sinks Dow Jones

NASHVILLE, Tenn. , Oct. 30, 2024 /PRNewswire/ -- Cat Financial reported third-quarter 2024 revenues of $888 million, an increase of $42 million, or 5%, compared with $846 million in the third quarter of 2023.

Cat Financial Announces Third-Quarter 2024 Results

Third-quarter 2024 profit per share of $5.06; adjusted profit per share of $5.17 Enterprise operating cash flow was $3.6 billion in the third quarter of 2024 Deployed $1.5 billion of cash for share repurchases and dividends in the third quarter Third Quarter ($ in billions except profit per share) 2024 2023 Sales and Revenues $16.1 $16.8 Profit Per Share $5.06 $5.45 Adjusted Profit Per Share $5.17 $5.52 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 13 and 14.   IRVING, Texas , Oct. 30, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced third-quarter 2024 results.

Caterpillar Reports Third-Quarter 2024 Results

For the third quarter, Wall Street is looking for earnings per share of $5.35 from sales of $16.4 billion, according to FactSet.

Caterpillar Investors Want to See Earnings Growth. They Might Not Get It.

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Why Caterpillar (CAT) is a Top Growth Stock for the Long-Term

Caterpillar (NYSE: CAT) will report its Q3 2024 results on Tuesday, October 29. We expect the company's revenues to come in at $16.2 billion and adjusted earnings of $5.36 per share, broadly aligning with the consensus estimates.

Should You Pick Caterpillar Stock Ahead Of Q3?

Caterpillar gears up to report Q3 results, which are likely to reflect the impacts of low volumes. We analyze what investors' stance on the CAT stock should be.

How Should You Play the CAT Stock Ahead of Q3 Earnings Release?

Evaluate the expected performance of Caterpillar (CAT) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Exploring Analyst Estimates for Caterpillar (CAT) Q3 Earnings, Beyond Revenue and EPS

Caterpillar (CAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Caterpillar (CAT) to Report a Decline in Earnings: What to Look Out for

Caterpillar (CAT) reached new all-time highs in September. Earnings are steady despite tough conditions; upcoming report may cause volatility but won't alter CAT's strong performance and profitability. Central bank rate cuts and China's significant stimulus package are expected to boost economic activity and CAT's revenue growth.

Caterpillar: 4 Major CATalysts

The Zacks Focus List offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.

Why Caterpillar (CAT) is a Top Stock for the Long-Term

Recently, Zacks.com users have been paying close attention to Caterpillar (CAT). This makes it worthwhile to examine what the stock has in store.

Is Trending Stock Caterpillar Inc. (CAT) a Buy Now?

Caterpillar (CAT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Caterpillar (CAT) Beat Estimates Again in Its Next Earnings Report?

Costamare

Graco

On 10/21/24, Caterpillar, Graco and Costamare will all trade ex-dividend for their respective upcoming dividends. Caterpillar will pay its quarterly dividend of $1.41 on 11/20/24, Graco will pay its quarterly dividend of $0.255 on 11/6/24, and Costamare will pay its quarterly dividend of $0.115 on 11/6/24.

Ex-Dividend Reminder: Caterpillar, Graco And Costamare

Caterpillar (CAT) reachead $393.62 at the closing of the latest trading day, reflecting a +1.45% change compared to its last close.

Caterpillar (CAT) Outperforms Broader Market: What You Need to Know

IRVING, Texas , Oct. 16, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release third-quarter 2024 financial results at 5:30 a.m. CDT on Wednesday, Oct. 30.

News for Caterpillar Stock (CAT)