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Caterpillar CAT Guarantor Obligations - Maximum Exposure

Guarantor Obligations - Maximum Exposure at other companies

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Wells Fargo & CompanyWFC
$11.86B+13.1%
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CumminsCMI

Other financials

Income statement

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Revenue$20.5B+24.0%
Gross profit$7.8B+34.7%
Operating income$4.3B+50.2%
Net income$3.6B+64.9%
EPS (diluted)$7.77+68.2%

Balance sheet

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Cash & equivalents$6.7B+23.4%
Total debt$36.9B+14.2%
Total equity$21.3B+9.4%
Total assets$102.61B+13.6%

Cash flow

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Operating cash flow$4.4B+40.0%
CapEx$587.0M+5.8%
Free cash flow$3.8B+47.4%

Valuation

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Market cap$387.13B+98.4%
P/E35.7×+15.0×
P/S5.2×+2.1×

Profitability

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Gross margin94.2%-5.9pp
Operating margin17.5%-0.7pp
Net margin14.5%-0.4pp
FCF margin14.3%+0.1pp

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:GuaranteeObligationsMaximumExposure.

The source filing: Caterpillar’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 10:18 AM EST
Fiscal year
FY2025
Accession
0000018230-26-000008

We have provided various guarantees that have varying terms and limit potential payment. Under the guarantees, non-performance by the third parties could require Caterpillar to satisfy the contractual obligation by providing goods, services or financial compensation. The maximum potential amount of future payments (undiscounted and without reduction for any amounts possibly recoverable) that we could be required to make under the guarantees was $458 million and $368 million at December 31, 2025 and 2024, respectively.

Item 8.Financial Statements and Supplementary Data.

FAQ

What is Caterpillar's guarantor obligations - maximum exposure?
Caterpillar (CAT) reported guarantor obligations - maximum exposure of $458M in Q4 2025.
How has Caterpillar's guarantor obligations - maximum exposure changed year-over-year?
Caterpillar's guarantor obligations - maximum exposure increased by 24.5% year-over-year, from $368M to $458M.
What is the long-term trend for Caterpillar's guarantor obligations - maximum exposure?
Over 5 years (2020 to 2025), Caterpillar's guarantor obligations - maximum exposure has grown at a -21.0% compound annual growth rate (CAGR), from $1.49B to $458M.
What does guarantor obligations - maximum exposure mean?
The maximum potential amount of future payments the company could be required to make under guarantee arrangements.

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