CAT
Caterpillar Inc. (CAT)
Last Price$332.0(3.5%)
Market Cap$164.8B
$64.8B
-3.4% YoY
$10.8B
+4.4% YoY
$31.5B
Net Debt to FCF - 3.6x
$8,820.0M
13.6% margin

CAT Income Statement

CAT Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
$64.8B (3.4%) YoY
$23.3B 0.3% YoY
36.0% margin
Cost of revenue
$41.5B (5.3%) YoY
Operating income
$13.1B 0.8% YoY
20.2% margin
Other: $331.0M
Net interest: $30.0M
Operating expenses
$10.3B (0.4%) YoY
Pre-tax income
$13.4B 2.5% YoY
20.6% margin
Net income
$10.8B 4.4% YoY
16.7% margin
Income tax
$2,629.0M
19.7% tax rate
R&D
$2,107.0M (0.0%) YoY
3.3% of revenue
SG&A
$6,667.0M 4.6% YoY
10.3% of revenue

CAT Income statement key metrics

Annual
Quarterly
LTM

Revenue

$64.8B -3.4% YoY

Operating Income

$13.1B +0.8% YoY

Net Income

$10.8B +4.4% YoY

CAT Balance Sheet

CAT Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$87.8B
Current assets ($45.7B, 52.1% of total)
$6,889.0M (7.8%)
$18.8B (21.5%)
Other current assets
$19.9B (22.7%)
Non-current assets ($42.1B, 47.9% of total)
$399.0M (0.5%)
Other non-current assets
$28.3B (32.3%)
Financial position
($3,465.0M)
$6,889.0M$3,424.0M
Cash & Short-term Investments
Total Debt

CAT Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$87.8B +0.3% YoY

Liabilities

$68.3B +0.4% YoY

Shareholder's Equity

$19.5B -0.0% YoY

CAT Cash Flow Statement

CAT Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$6,985.0M$12.0B($2,453.0M)($9,565.0M)($106.0M)$6,896.0M

CAT Cash Flow Statement key metrics

Annual
Quarterly
LTM

Capital Expenditure (CAPEX)

($3,215.0M) +4.0% YoY

Free Cash Flow (FCF)

$8,820.0M -9.9% YoY

CAT Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
% growth
36,339.0
20.1%
41,517.0
14.2%
44,958.0
8.3%
51,324.0
14.2%
32,396.0
(36.9%)
42,588.0
31.5%
60,138.0
41.2%
65,875.0
9.5%
55,656.0
(15.5%)
55,184.0
(0.8%)
47,011.0
(14.8%)
38,537.0
(18.0%)
45,462.0
18.0%
54,722.0
20.4%
53,800.0
(1.7%)
41,748.0
(22.4%)
50,971.0
22.1%
59,427.0
16.6%
67,060.0
12.8%
64,809.0
(3.4%)
Cost of Goods Sold (COGS)26,558.029,549.032,626.038,415.023,886.030,367.043,578.047,852.041,454.040,391.034,133.028,905.031,695.037,719.037,384.029,671.035,968.041,915.043,797.041,485.0
% margin
9,781.0
26.9%
11,968.0
28.8%
12,332.0
27.4%
12,909.0
25.2%
8,510.0
26.3%
12,221.0
28.7%
16,560.0
27.5%
18,023.0
27.4%
14,202.0
25.5%
14,793.0
26.8%
12,878.0
27.4%
9,632.0
25.0%
13,767.0
30.3%
17,003.0
31.1%
16,416.0
30.5%
12,077.0
28.9%
15,003.0
29.4%
17,512.0
29.5%
23,263.0
34.7%
23,324.0
36.0%
Operating Expenses5,229.06,024.06,279.07,308.05,066.07,344.08,581.08,870.08,574.09,465.09,093.08,539.09,361.08,710.08,126.07,524.08,125.08,683.010,297.010,252.0
Research & Development Expenses (R&D)1,084.01,347.01,404.01,728.01,421.01,905.02,297.02,466.02,046.02,135.02,119.01,951.01,905.01,850.01,693.01,415.01,686.01,814.02,108.02,107.0
Selling, General & Administrative Expenses (SG&A)3,190.03,706.03,821.04,399.03,645.04,248.05,203.05,919.05,547.05,697.04,951.04,686.05,177.05,478.05,162.04,642.05,365.05,651.06,371.06,667.0
3,784.0
10.4%
4,921.0
11.9%
4,921.0
10.9%
4,448.0
8.7%
577.0
1.8%
3,963.0
9.3%
7,153.0
11.9%
8,573.0
13.0%
5,628.0
10.1%
5,328.0
9.7%
3,785.0
8.1%
498.0
1.3%
4,406.0
9.7%
8,290.0
15.1%
8,290.0
15.4%
4,553.0
10.9%
6,878.0
13.5%
7,904.0
13.3%
12,966.0
19.3%
13,072.0
20.2%
Interest Income0.083.099.0101.098.086.085.082.084.066.065.074.0122.0195.0202.0112.080.0167.0494.0482.0
Interest Expense1,028.01,297.01,420.01,427.01,434.01,257.01,222.0467.0465.0484.0507.0505.0531.0404.0421.0514.0488.0443.0511.0512.0
Pre-tax Income3,901.04,861.04,953.04,473.0569.03,750.06,725.08,236.05,128.05,083.03,439.0139.04,082.07,822.07,812.03,995.08,204.08,752.013,050.013,373.0
% effective tax rate
1,120.0
28.7%
1,405.0
28.9%
1,485.0
30.0%
953.0
21.3%
(270.0)
(47.5%)
968.0
25.8%
1,720.0
25.6%
2,528.0
30.7%
1,319.0
25.7%
1,380.0
27.1%
916.0
26.6%
192.0
138.1%
3,339.0
81.8%
1,698.0
21.7%
1,746.0
22.4%
1,006.0
25.2%
1,742.0
21.2%
2,067.0
23.6%
2,781.0
21.3%
2,629.0
19.7%
% margin
2,854.0
7.9%
3,537.0
8.5%
3,541.0
7.9%
3,557.0
6.9%
895.0
2.8%
2,700.0
6.3%
4,928.0
8.2%
5,681.0
8.6%
3,789.0
6.8%
3,695.0
6.7%
2,512.0
5.3%
(67.0)
(0.2%)
754.0
1.7%
6,147.0
11.2%
6,093.0
11.3%
2,998.0
7.2%
6,489.0
12.7%
6,705.0
11.3%
10,335.0
15.4%
10,792.0
16.7%
EPS4.215.375.555.831.454.287.648.715.875.994.23(0.11)1.2710.3910.855.5111.9312.7320.2422.17
Diluted EPS4.045.175.375.661.434.157.408.485.755.884.18(0.11)1.2610.2610.745.4611.8312.6420.1222.17
% margin
5,627.0
15.5%
7,760.0
18.7%
7,018.0
15.6%
7,908.0
15.4%
4,339.0
13.4%
6,371.0
15.0%
9,648.0
16.0%
11,516.0
17.5%
8,897.0
16.0%
6,929.0
12.6%
7,705.0
16.4%
3,671.0
9.5%
7,482.0
16.5%
11,102.0
20.3%
10,690.0
19.9%
7,267.0
17.4%
10,627.0
20.8%
11,974.0
20.1%
15,705.0
23.4%
16,038.0
24.7%