MARKETS / NYSE / CAT
NYSE · CONSTRUCTION MACHINERY & EQUIP · LARGE CAP

Caterpillar Inc. CAT

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY18 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$67.6B
▲ 4.3% vs FY2024
Dividend streak
18 yrs
Raised every year since 2008
EPS · FY25
$18.81
Dividend / sh · FY25
$5.94
Payout · FY25
31%
ROE · FY25
Net margin · FY25
13.1%
Dividend coverage
3.2×
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Result
USD 67.6B
Revenue, FY2025 · full 19-year series below
Revenue Net income
2040608067.68.92007201020132016201920222025
2040608067.68.92016201920222025

13 cents of every revenue dollar became profit this year.

Per share
USD 18.81
Diluted EPS, FY2025
EPS Dividend
816245.9418.812007201020132016201920222025
816245.9418.812016201920222025

Earnings covered the dividend 3.2 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
0.250.50.7512007201020132016201920222025
0.250.50.7512016201920222025
Operating margin16.5%
Net margin13.1%
Return on assets9.5%

Returned to shareholders
USD 7.9B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 2.7B
Net buybacksUSD 5.2B
Share of profit89.4%
Consecutive raises18 years

USD 2.7B in dividends and USD 5.2B in buybacks — 89% of the year's profit went back to shareholders.

Growth
+10.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+4.4%
+10.1%
+3.7%
+3.1%
Net income
+9.8%
+24.2%
+13.4%
+8.1%
EPS, diluted
+14.2%
+28.1%
+16.2%
+10.6%
Dividend / share
+8.0%
+7.6%
+7.0%
+8.5%
Returned to shareholders
+6.0%
+18.7%
+7.7%
+14.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.47B
Shares outstanding, FY2025
0.600.472007201020132016201920222025
0.590.472016201920222025
Change, 5 years−14.7%
Change, 10 years−20.1%

The share count shrank 15% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 98.6B
total assets, end of FY2025
Total assetsUSD 98.6B
CashUSD 10.0B
Gross debtUSD 36.2B
Net debtUSD 26.2B
Current ratio1.44×

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
67.6
64.8
67.1
59.4
51.0
41.7
53.8
54.7
45.5
38.5
47.0
55.2
55.7
65.9
60.1
42.6
32.4
51.3
45.0
Operating income $B
11.2
13.1
13.0
7.9
6.9
4.6
8.3
8.3
4.5
1.2
3.8
3.3
5.6
8.6
7.2
4.0
0.6
4.4
4.9
EBITDA $B
13.4
15.2
15.1
10.1
9.2
7.0
10.9
11.1
7.3
4.2
6.8
6.5
8.7
11.4
9.7
6.3
2.9
6.4
6.7
Income tax $B
2.8
2.6
2.8
2.1
1.7
1.0
1.7
1.7
3.3
0.2
0.9
0.7
1.3
2.5
1.7
1.0
−0.3
1.0
1.5
Net income $B
8.9
10.8
10.3
6.7
6.5
3.0
6.1
6.1
0.8
−0.1
2.5
2.5
3.8
5.7
5.0
2.8
0.8
3.6
3.5
EPS, diluted $
18.81
22.05
20.12
12.64
11.83
5.46
10.74
10.26
1.26
−0.11
4.18
3.90
5.75
8.48
7.40
4.15
1.43
5.66
5.37
Dividend / sh $
5.94
5.53
5.10
4.71
4.36
4.12
3.95
3.36
3.11
3.08
3.01
2.70
2.32
2.02
1.82
1.74
1.68
1.62
1.38
Payout %
31
25
25
36
36
75
35
32
241
−3049
70
66
29
28
23
39
124
27
24
ROE %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Shares out B
0.47
0.48
0.50
0.52
0.54
0.55
0.55
0.58
0.60
0.59
0.58
0.61
0.64
0.66
0.65
0.64
0.62
0.60
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
57 of 57
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed