Caterpillar Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Caterpillar Inc. reported net income of $8.88B on revenue of $67.59B. Operating cash flow was $11.74B and capital expenditures were $2.82B, leaving $8.92B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.54B | $45.46B | $54.72B | $53.80B | $41.75B | $50.97B | $59.43B | $67.06B | $64.81B | $67.59B |
| Operating income | $1.16B | $4.46B | $8.29B | $8.29B | $4.55B | $6.88B | $7.90B | $12.97B | $13.07B | $11.15B |
| Net income | −$59.00M | $759.00M | $6.15B | $6.09B | $3.00B | $6.49B | $6.70B | $10.33B | $10.79B | $8.88B |
| Diluted EPS | −$0.11 | $1.26 | $10.26 | $10.74 | $5.46 | $11.83 | $12.64 | $20.12 | $22.05 | $18.81 |
| Operating cash flow | $5.64B | $5.71B | $6.56B | $6.91B | $6.33B | $7.20B | $7.77B | $12.88B | $12.04B | $11.74B |
| Capital expenditures | — | — | $1.28B | $1.06B | $978.00M | $1.09B | $1.30B | $1.60B | $1.99B | $2.82B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 16.5% | 13.1% |
| Dec 2024 | — | 20.2% | 16.6% |
| Dec 2023 | — | 19.3% | 15.4% |
| Dec 2022 | — | 13.3% | 11.3% |
| Dec 2021 | — | 13.5% | 12.7% |
Source: SEC EDGAR XBRL company facts for CIK 18230 (raw data). Most recent filing in this dataset: 10-Q filed Aug 5, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.