Industrials · Construction Machinery & Heavy Transportation Equipment
Caterpillar: revenue, profit and dividends
In fiscal 2025, Caterpillar had revenue of $67.6B, up 3.7% a year on average since 2015, and net income of $8.88B (13.1% of revenue). Its dividend per share has gone up 18 years in a row, to $5.94. It has 21% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +4.3% vs 2024
- Ticker
- CAT · NYSE
- Sector
- Industrials
- Sub-industry
- Construction Machinery & Heavy Transportation Equipment
- Headquarters
- Irving, Texas
- Founded
- 1925
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Caterpillar Inc · CIK 0000018230
Revenue and net income
Revenue went from $45B in 2007 to $67.6B in 2025. Net loss in 2016.
Diluted earnings per share
Diluted EPS went from $5.37 in 2007 to $18.81 in 2025. Ten-year growth: 16.2% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2008 to 2025. Ten-year growth: 7.0% a year.
Shares outstanding
21.5% fewer shares in 2025 than in 2015 (601M → 472M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $8.92B in 2025, 13.2% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $67.6B | $8.88B | 13.1% | $18.81 | $5.94 | 472M | $11.7B | $2.82B | $8.92B |
| 2024 | $64.8B | $10.8B | 16.7% | $22.05 | $5.53 | 489M | $12B | $1.99B | $10B |
| 2023 | $67.1B | $10.3B | 15.4% | $20.12 | $5.10 | 514M | $12.9B | $1.6B | $11.3B |
| 2022 | $59.4B | $6.71B | 11.3% | $12.64 | $4.71 | 530M | $7.77B | $1.3B | $6.47B |
| 2021 | $51B | $6.49B | 12.7% | $11.83 | $4.36 | 548M | $7.2B | $1.09B | $6.11B |
| 2020 | $41.7B | $3.0B | 7.2% | $5.46 | $4.12 | 549M | $6.33B | $978M | $5.35B |
| 2019 | $53.8B | $6.09B | 11.3% | $10.74 | $3.95 | 568M | $6.91B | $1.06B | $5.86B |
| 2018 | $54.7B | $6.15B | 11.2% | $10.26 | $3.36 | 599M | $6.56B | $1.28B | $5.28B |
| 2017 | $45.5B | $754M | 1.7% | $1.26 | $3.11 | 599M | $5.71B | $898M | $4.81B |
| 2016 | $38.5B | −$67M | −0.2% | −$0.11 | $3.08 | 584M | $5.64B | $1.11B | $4.53B |
| 2015 | $47B | $2.51B | 5.3% | $4.18 | $3.01 | 601M | $6.7B | $1.39B | $5.31B |
| 2014 | $55.2B | $2.45B | 4.4% | $3.90 | $2.70 | 629M | $8.06B | $1.54B | $6.52B |
| 2013 | $55.7B | $3.79B | 6.8% | $5.75 | $2.32 | 659M | $10.2B | $2.52B | $7.67B |
| 2012 | $65.9B | $5.68B | 8.6% | $8.48 | $2.02 | 670M | $5.18B | $3.35B | $1.83B |
| 2011 | $60.1B | $4.93B | 8.2% | $7.40 | $1.82 | 666M | $6.96B | $2.52B | $4.44B |
| 2010 | $42.6B | $2.7B | 6.3% | $4.15 | $1.74 | 650M | $5.01B | $1.57B | $3.43B |
| 2009 | $32.4B | $895M | 2.8% | $1.43 | $1.68 | 626M | $6.5B | $1.5B | $5.0B |
| 2008 | $51.3B | $3.56B | 6.9% | $5.66 | $1.62 | 628M | $4.67B | $2.32B | $2.35B |
| 2007 | $45B | $3.54B | 7.9% | $5.37 | $1.38 | 660M | $7.96B | $1.7B | $6.25B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Construction Machinery & Heavy Transportation Equipment companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.