What is Caterpillar's pre-tax income?

Caterpillar (CAT) reported pre-tax income of $3.21B in Q1 2026.

How has Caterpillar's pre-tax income changed year-over-year?

Caterpillar's pre-tax income increased by 24.9% year-over-year, from $2.57B to $3.21B.

What is the long-term trend for Caterpillar's pre-tax income?

Over 4 years (2021 to 2025), Caterpillar's pre-tax income has grown at a 8.9% compound annual growth rate (CAGR), from $8.2B to $11.54B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Caterpillar CAT Pre-Tax Income

Pre-Tax Income at other companies

Wells Fargo & CompanyWFC

$5.98B+12.3%

TerexTEX

-$126M-585%

Deere & CompanyDE

$2.29B-1.9%

Foster (Lb) Co.FSTR

$1.41M+151%

Astec IndustriesASTE

$2.8M-85.8%

Titan InternationalTWI

-$19.62M-561%

Segments

By segment

See full

Construction Industries$1.54B+49.9%

Power & Energy$1.45B—

Resource Industries$378M-39.3%

Financial Products Segment$245M+14.0%

All Other Segment-$43M-126%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.9B+45.1%

CapEx$728.0M+2.5%

Free cash flow$1.1B+97.2%

Valuation

See full

Market cap$486.85B+187%

P/E51.6×+34.6×

P/S6.9×+4.2×

Profitability

See full

Gross margin96.6%-4.4pp

Operating margin16.5%-2.7pp

Net margin13.3%-2.4pp

FCF margin13.4%-0.9pp

Returns & leverage

See full

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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments.

The official record: Caterpillar’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Caterpillar's pre-tax income?: Caterpillar (CAT) reported pre-tax income of $3.21B in Q1 2026.
How has Caterpillar's pre-tax income changed year-over-year?: Caterpillar's pre-tax income increased by 24.9% year-over-year, from $2.57B to $3.21B.
What is the long-term trend for Caterpillar's pre-tax income?: Over 4 years (2021 to 2025), Caterpillar's pre-tax income has grown at a 8.9% compound annual growth rate (CAGR), from $8.2B to $11.54B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.