Caterpillar Inc.

USD, fiscal year ended 2025-12-31

Revenue: Top segments reported by the source sum to more than $67.6B of revenue (a known FMP double-count pattern) - painted without v2 source/hub tags

Operating Expenses: R&D 3% | SG&A 10% of revenue

Revenue

$67.6B+4.3%

Gross margin

32.3%-3.6 pts

Operating margin

16.6%-3.6 pts

Net margin

13.1%-3.5 pts

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Revenue segments

Reportable Subsegments: $74.0B109.4%
Construction Industries: $25.1B37.1%
Resource Industries: $12.5B18.5%
Financial Products: $4.2B6.2%

Period history

Revenue, by year

Income statement

Line	FY2025	YoY
Revenue	$67,589,000,000	+4.3%
Cost of revenue	$45,730,000,000	+10%
Gross profit	$21,859,000,000	-6.3%
Operating expenses	$10,649,000,000	+3.9%
Operating income	$11,210,000,000	-14%
Other income/expense, net	$353,000,000	+2.3%
Income before tax	$11,563,000,000

Caterpillar Inc.

Revenue segments

Period history

Income statement

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