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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The blue chip average closed with a win as Caterpillar stock rallied on impressive Q2 results.

Stock Market Today: Dow Outperforms on Strong Caterpillar Earnings

Caterpillar's (CAT) second-quarter 2023 results improve year over year as higher sales volumes and favorable price realization help offset the impact of higher manufacturing costs.

Caterpillar (CAT) Q2 Earnings & Revenues Beat Estimates, Up Y/Y

Arista Networks

Norwegian Cruise Line

Uber

Zebra Technologies

U.S. equities fell at midday on Aug. 1, 2023, as optimism about corporate earnings faded following the release of the latest batch of reports.

Markets Fall at Midday as Cruise-Line Stocks Drop After Latest Earnings Reports

Caterpillar, Inc. (NYSE:CAT ) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Ryan Fiedler - Vice President, Investor Relations James Umpleby - Chairman and Chief Executive Officer Andrew Bonfield - Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse David Raso - Evercore ISI Michael Feniger - Bank of America Robert Wertheimer - Melius Research Tami Zakaria - JPMorgan Nicole DeBlase - Deutsche Bank Stephen Volkmann - Jefferies Timothy Thein - Citigroup Chad Dillard - Bernstein Steven Fisher - UBS Kristen Owen - Oppenheimer Mircea Dobre - Baird Michael Shlisky - D.A. Davidson Matthew Elkott - TD Cowen Stanley Elliott - Stifel Jerry Revich - Goldman Sachs Operator Ladies and gentlemen, welcome to the Second Quarter 2023 Caterpillar Earnings Conference Call.

Caterpillar, Inc. (CAT) Q2 2023 Earnings Call Transcript

Caterpillar, Inc. NYSE: CAT stock is up nearly 8% in early trading after the company blew past revenue and earnings expectations. The question will be whether the report will be enough to move analyst sentiment which, while generally positive, suggests that these results are priced into the stock.

Do Caterpillar's Results Hint at a Looming Infrastructure Bubble?

Caterpillar's revenue and earnings surged in the second quarter. The company's backlog is growing, and it expects a stronger second half of 2023 versus 2022.

Why Caterpillar Stock Is Jumping Today

Although the revenue and EPS for Caterpillar (CAT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Caterpillar (CAT) Q2 Earnings: A Look at Key Metrics

Caterpillar Inc. (NYSE:CAT) is up 5.9% to trade at a fresh record high of $280.74 at last check, after the blue chip reported a second-quarter earnings and revenue beat.

Caterpillar Stock Notches New Record After Earnings

Caterpillar Inc. (NYSE:CAT) has reported better-than-expected profit in the second quarter, defying concerns of a global economic slowdown. The company's adjusted earnings of $5.55 per share exceeded analysts' estimates, driven by strong demand from the construction, mining, and energy sectors.

Caterpillar posts 2Q earnings beat on strong demand for iconic yellow construction equipment

Shares of Caterpillar Inc. CAT, +5.89% shot up 5.1% into record territory in morning trading Tuesday, enough to pace the Dow Jones Industrial Average's DJIA, +0.21% gainers, after the construction- and mining-equipment maker reported big profit and revenue beats. The stock's price gain of $13.55 was adding about 89 points to the Dow, which is a price-weighted index, as the Dow rose 75 points, or 0.2%, with just 12 of 30 components trading higher.

Caterpillar's stock surge is a big reason why the Dow is up

Applied Industrial Technologies

A. O. Smith

Barnes Group

Hubbell

Orders for U.S.-made factory goods are on the rise, which is likely to benefit stocks like A. O. Smith (AOS), Caterpillar Inc. (CAT), Hubbell (HUBB), Applied Industrial Technologies (AIT) and Barnes Group (B).

5 Stocks to Buy on Continued Rise in Orders for Durable Goods

Merck

Stock markets looked poised to give back a little ground on the first day of August. Caterpillar reported solid growth in the second quarter, and shareholders expect more even in the face of macroeconomic challenges.

The 2 Dow Stocks Everyone's Watching Tuesday Morning

Caterpillar (CAT) came out with quarterly earnings of $5.55 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $3.18 per share a year ago.

Caterpillar (CAT) Surpasses Q2 Earnings and Revenue Estimates

Revenue was lifted by higher sales across all three of its major segments.

Caterpillar's Sales Surge as Construction Booms

Caterpillar Inc. CAT, +1.82% reported Tuesday second-quarter earnings that beat expectations by a wide margin, due to higher sales volume, higher pricing and improved margins. Meanwhile, the construction- and mining-equipment maker's stock slipped 0.2% in premarket trading after closing Monday at a record.

Caterpillar reports big profit and revenue beats on higher volume and prices, but stock pulls back

Second-quarter 2023 sales and revenues increased 22% to $17.3 billion Second-quarter 2023 profit per share of $5.67; adjusted profit per share of $5.55 Returned $2.0 billion to shareholders through share repurchases and dividends in the quarter Second Quarter ($ in billions except profit per share) 2023 2022 Sales and Revenues $17.3 $14.2 Profit Per Share $5.67 $3.13 Adjusted Profit Per Share $5.55 $3.18 IRVING, Texas , Aug. 1, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced second-quarter 2023 sales and revenues of $17.3 billion, a 22% increase compared with $14.2 billion in the second quarter of 2022. The increase was primarily due to higher sales volume and favorable price realization.

Caterpillar Reports Second-Quarter 2023 Results

Eaton

Paycom Software

Rockwell Automation

Buying these tech and industrial products stocks has become very compelling leading up to their Q2 reports on Tuesday, August 1.

Top-Rated Stocks to Consider Buying as Earnings Approach

We expect the company's revenues to come in at $16.8 billion, above the consensus estimate of $16.5 billion.

Earnings Beat In The Cards For Caterpillar Stock?

Caterpillar earnings are due early Tuesday, with CAT stock in a buy zone. Investors may focus in on dealer inventory levels.

CAT Stock Is In A Buy Zone With Earnings Due For Dow Jones Heavyweight

Enterprise Products Partners

Diamondback Energy

Pfizer

After U.S. markets closed on Thursday, Ford beat estimates on both the top and bottom lines, posting a 12% year-over-year increase in revenue and a 5.9% increase in earnings per share (EPS).

Earnings Previews: BP, Caterpillar, Enterprise Products, Diamondback Energy, Pfizer

Carnival

Lifetime Brands

Manulife Financial

PPG Industries

Manulife Financial (MFC), Carnival Corporation (CCL), Caterpillar (CAT), PPG Industries (PPG) and Lifetime Brands (LCUT) are poised to benefit from higher rates.

5 Stocks Likely to Benefit as Fed Lifts Rates to a 22-Year High

Apple

Amgen

Broadcom

Blackrock Inc

Bristol-Myers

Carrier Global

Chubb

Comcast

Cisco Systems

Dick's Sporting Goods

General Mills

HSBC Holdings

iShares Core S&P 500 ETF

Johnson & Johnson

Juniper Networks

Kellogg

Kroger

Lowe's

Mondelez

Medtronic

Microsoft

QUALCOMM

Invesco QQQ

Invesco S&P 500 Equal Weight ETF

My U.S. dividend growth portfolio, constructed in 2015, has outperformed the market by over 2% annually. The portfolio was designed to be resilient in a major stock market correction, focusing on dividend achievers with at least 10 years of dividend growth. For building a similar portfolio in 2023, I considered valuation and growth, leaning towards larger cap or mega-cap stocks, and factored in retirement income needs.

Building The Dividend Growth Portfolio In 2023

Boeing

Salesforce

Honeywell

Dow nearly gives up a 170-point intraday trading gain before finishing in the green for the 13th straight session.

News for Caterpillar Stock (CAT)