What is Caterpillar's net income?

Caterpillar (CAT) reported net income of $2.55B in Q1 2026.

How has Caterpillar's net income changed year-over-year?

Caterpillar's net income increased by 27.2% year-over-year, from $2B to $2.55B.

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

Over 4 years (2021 to 2025), Caterpillar's net income has grown at a 8.1% compound annual growth rate (CAGR), from $6.49B to $8.88B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Caterpillar CAT Net Income

Net Income at other companies

CumminsCMI

$680M-20.0%

Wells Fargo & CompanyWFC

$5.25B+7.3%

TerexTEX

-$89M-524%

Deere & CompanyDE

$1.77B-1.7%

Foster (Lb) Co.FSTR

$1.49M+171%

Astec IndustriesASTE

$1.3M-90.9%

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%

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$486.85B+187%

P/E51.6×+34.6×

P/S6.9×+4.2×

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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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:ProfitLoss.

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 net income?: Caterpillar (CAT) reported net income of $2.55B in Q1 2026.
How has Caterpillar's net income changed year-over-year?: Caterpillar's net income increased by 27.2% year-over-year, from $2B to $2.55B.
What is the long-term trend for Caterpillar's net income?: Over 4 years (2021 to 2025), Caterpillar's net income has grown at a 8.1% compound annual growth rate (CAGR), from $6.49B to $8.88B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.