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?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Caterpillar CAT Net Income

Net Income at other companies

CumminsCMI

$680M-20.0%

Gencor IndustriesGENC

$3.84M-36.9%

TerexTEX

-$89M-524%

Twin DiscTWIN

$3.56M+350%

Deere & CompanyDE

$1.77B-1.7%

Foster (Lb) Co.FSTR

$1.49M+170%

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$490.48B+147%

P/E52×+31.0×

P/S6.9×+3.8×

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?: Net income as the starting point for the indirect method operating cash flow reconciliation.