What is Caterpillar's machinery, power & energy — notes?

Caterpillar (CAT) reported machinery, power & energy — notes of $753M in Q4 2025.

What does machinery, power & energy — notes mean?

This refers to the specific debt securities issued by the company, typically representing unsecured or secured promises to pay principal and interest. These are essential components of the company's long-term capital structure.

Caterpillar CAT Machinery, Power & Energy — Notes

Similar metrics at other companies

TISIEquipment financed with notes payable

$379.5K—

BOFEquipment Notes Payable Net Of Current Portion

$779.89K—

HURNNotes Issued1

$0-100%

RGENNotes Issued1

$0—

SFMachinery and equipment

$234.04M+9.8%

BYNDNotes Issued1

$83.54M—

Other financials

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 debt$36.9B+14.2%

Total equity$21.3B+9.4%

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

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Market cap$409.34B+101%

P/E43.4×+21.8×

P/S5.8×+2.6×

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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Return on equity43.5%-11.8pp

Debt / equity1.7×+0.1×

Current ratio1.4×0.0×

Where this comes from

Reported directly by Caterpillar in its filing.

Tagged under the XBRL concept us-gaap:SeniorLongTermNotes.

The official record: Caterpillar’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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What is Caterpillar's machinery, power & energy — notes?: Caterpillar (CAT) reported machinery, power & energy — notes of $753M in Q4 2025.
What does machinery, power & energy — notes mean?: This refers to the specific debt securities issued by the company, typically representing unsecured or secured promises to pay principal and interest. These are essential components of the company's long-term capital structure.