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Caterpillar CAT Net Income (NCI)

Net Income (NCI) at other companies

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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$393.92B+95.8%
P/E36.3×+15.0×
P/S5.3×+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:NetIncomeLossAttributableToNoncontrollingInterest.

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
STATEMENT 1 / Consolidated Results of Operations for the Years Ended December 31, / (Dollars in millions except per share data)Caterpillar Inc. / 2025Caterpillar Inc. / 2024Caterpillar Inc. / 2023
Profit of consolidated companies8,77310,74410,269
Equity in profit (loss) of unconsolidated affiliated companies1094463
Profit of consolidated and affiliated companies8,88210,78810,332
Less: Profit (loss) attributable to noncontrolling interests(2)(4)(3)
Profit 1$8,884$10,792$10,335
Profit per common share$18.90$22.17$20.24
Profit per common share — diluted 2$18.81$22.05$20.12
Weighted-average common shares outstanding (millions)

Item 8.Financial Statements and Supplementary Data.

FAQ

What is Caterpillar's net income (NCI)?
Caterpillar (CAT) reported net income (NCI) of -$500K in Q4 2025.
How has Caterpillar's net income (NCI) changed year-over-year?
Caterpillar's net income (NCI) increased by 50.0% year-over-year, from -$1M to -$500K.
What is the long-term trend for Caterpillar's net income (NCI)?
Over 4 years (2021 to 2025), Caterpillar's net income (NCI) has grown at a -15.9% compound annual growth rate (CAGR), from $4M to -$2M.
What does net income (NCI) mean?
The portion of net income attributable to minority shareholders in subsidiaries that are not 100% owned by the parent company. Deducted to arrive at net income attributable to the parent.

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