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Caterpillar

CAT

Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.

Market cap
$436.68B+133%
Revenue$70.8B+11.9%
Net income$9.4B-5.1%
Free cash flow$9.5B+4.5%
EPS (diluted)$20.09-2.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$19.4B
EPS estimate$6.21

Financials

Q1 2026

Income statement

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Revenue$17.4B+22.2%
Gross profit$6.1B+15.6%
Operating income$3.1B+19.6%
Net income$2.5B+27.2%
EPS (diluted)$5.47+30.2%

Balance sheet

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Cash & equivalents$4.1B+14.3%
Total assets$95.6B+12.4%

Cash flow

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Operating cash flow$1.9B+45.1%
CapEx$728.0M+2.5%
Free cash flow$1.1B+97.2%

Valuation & ratios

Valuation

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Market cap$436.68B+133%
P/E46.3×+26.5×
P/S6.2×+3.2×

Profitability

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Gross margin96.6%-4.4pp
Operating margin16.5%-2.7pp
Net margin13.3%-2.4pp
FCF margin13.4%-0.9pp

Returns & leverage

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Current ratio1.4×0.0×

Segments

By segment

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Construction Industries$7.2B+38.1%
Power & Energy$7.0B
Resource Industries$3.8B+3.7%
Financial Products Segment$1.1B+8.8%
All Other Segment$77.0M+10.0%

By geography

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North
 America$10.2B+32.2%
EAME$3.0B+20.0%
Asia/
 Pacific$2.6B+3.8%
Latin
 America$1.6B+5.1%

By product

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Sales of Machinery, Power & Energy$16.5B
Financial Products$942.0M+8.2%

Competitors

Profile

Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company provides a comprehensive ecosystem of heavy machinery and power solutions integrated with advanced technology and specialized financial services. Its value proposition centers on solving complex infrastructure and energy challenges through a global dealer network and a focus on total cost of ownership.

Competitive position

Caterpillar is a dominant global leader in heavy machinery, leveraging a massive independent dealer network and proprietary technology to maintain high barriers to entry.

GeographiesNorth America, Latin America, Europe, Middle East, Africa, Asia-Pacific
Customer segmentsConstruction, Mining, Energy, Transportation, Government
Business modelManufacturing, Direct Sales, Dealer Distribution, Captive Finance, Aftermarket Services
SuppliersSteel Suppliers, Iron Casting Foundries, Forging Manufacturers, Electronic Component Suppliers, Logistics Providers
CustomersIndependent Dealer Network, Original Equipment Manufacturers (OEMs), Mining Corporations, Global Infrastructure Firms, Energy Utilities
Listed1929
Employees121.2K
CEOJoseph E. Creed
FilingsSEC EDGAR

Questions, answered.

What is Caterpillar's market cap?
Caterpillar (CAT) has a market capitalization of $436.68B and trades on NYSE.
What is Caterpillar's revenue and profitability?
Caterpillar generated $70.8B in trailing twelve-month revenue with net income of $9.4B, representing a net margin of 13.3%. Gross margin stands at 96.6%, with free cash flow of $9.5B. These figures are based on the Q1 2026 filing.
Who are Caterpillar's competitors?
Caterpillar's key competitors include CNH Industrial N.V., Cummins Inc., Deere & Company, and others. These companies compete in similar markets and product categories.
Who does Caterpillar partner with?
Caterpillar's notable partners include The United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), The International Association of Machinists, The United Steelworkers.
What subsidiaries does Caterpillar have?
Caterpillar's subsidiaries include Caterpillar Financial Services Corporation, Caterpillar Insurance Holdings Inc., Perkins Engines Company Limited, and others.
Where is Caterpillar headquartered?
Caterpillar is headquartered in United States of America and employs approximately 121,173 people. It has been publicly traded since 1929.