CAT - CATERPILLAR INC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	4.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-14%)	-3.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-167%)	12.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+157%)	16.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+232%)	22.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+342%)	-22.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-548%)	-1.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-134%)	20.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+307%)	18.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+259%)	-18.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-461%)	-14.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-396%)	-0.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-117%)	-15.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-410%)	9.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+91%)	41.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+724%)	31.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+529%)	-36.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-838%)	14.2% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+183%)	—	—
EPS Growth YoY (%)	-14.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	9.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	59.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	6.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	116.5% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-49.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	4.4% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	718.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-29.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	2.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-32.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	14.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	78.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	195.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-75.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	5.0% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-17.7% Weak ↓ Weak Declining Year-over-year change in net income	4.4% Caution ↓ Caution Declining Year-over-year change in net income	54.1% Excellent ↑ Excellent Improving Year-over-year change in net income	3.2% Caution ↓ Caution Declining Year-over-year change in net income	116.2% Excellent ↓ Excellent Declining Year-over-year change in net income	-50.7% Weak ↓ Weak Declining Year-over-year change in net income	-0.9% Weak Weak Year-over-year change in net income	710.0% Excellent Excellent Year-over-year change in net income	N/M	N/M	-32.0% Weak ↓ Weak Declining Year-over-year change in net income	-2.4% Weak ↓ Weak Declining Year-over-year change in net income	-33.5% Weak ↓ Weak Declining Year-over-year change in net income	14.9% Fair ↓ Fair Declining Year-over-year change in net income	84.5% Excellent ↑ Excellent Improving Year-over-year change in net income	201.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-74.8% Weak Weak Year-over-year change in net income	0.5% Caution Caution Year-over-year change in net income	—	—
FCF Growth YoY (%)	-8.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-6.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	80.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	9.4% Fair ↑ Fair Improving Year-over-year change in free cash flow	14.2% Fair ↑ Fair Improving Year-over-year change in free cash flow	-5.7% Weak Weak Year-over-year change in free cash flow	-6.0% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	-24.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	38.0% Excellent Excellent Year-over-year change in free cash flow	-38.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	4.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	8.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	17.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	3.4% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-2.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	5.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-6.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-11.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-10.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	9.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	26.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	5.4% Fair Fair Compound annual revenue growth over 3 years	-1.8% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	10.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	3.8% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	4.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.5% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-2.3% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-0.5% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-0.3% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-7.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-8.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.0% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	11.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	1.6% Caution Caution Compound annual revenue growth over 5 years	7.9% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	14.1% Good ↓ Good Declining Compound annual EPS growth over 3 years	22.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	54.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	4.7% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	63.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	34.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-40.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-21.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-7.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	11.1% Good ↓ Good Declining Compound annual EPS growth over 3 years	81.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	9.4% Fair Fair Compound annual EPS growth over 3 years	-8.3% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	16.5% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	20.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+68%)	19.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+61%)	13.3% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+11%)	13.5% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	10.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	15.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	15.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+26%)	9.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	1.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	8.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	9.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	10.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	13.0% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	11.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	9.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	1.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	8.7% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	10.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	—
Profit Margin (%) (%)	13.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+64%)	16.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+108%)	15.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+93%)	11.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	12.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	7.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	11.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+42%)	11.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	1.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	-0.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	5.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	6.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	6.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	8.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	8.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	6.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	2.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	6.9% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	7.9% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—
FCF Margin (%) (%)	13.2% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.5% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.8% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	12.0% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	12.8% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	12.0% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	11.8% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	20.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	17.7% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.00x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	0.97x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.78x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.96x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	1.07x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	1.86x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	7.26x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.31x Good Good Free cash flow relative to reported net income Optimal: > 1x	2.25x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	28.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	37.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	41.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	24.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	20.9% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	13.8% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	24.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	26.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.6% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	11.9% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	15.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	16.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	24.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	22.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	2.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	15.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	11.3% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	14.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.8% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.3% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	5.8% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	10.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	9.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.8% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.6% Caution Caution Operating profit relative to total assets Optimal: > 10%	8.8% Fair Fair Operating profit relative to total assets Optimal: > 10%	—

⚖️ Is the balance sheet risky? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Interest Coverage (x)	6.05x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.52x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	9.04x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.24x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.48x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.18x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	7.84x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.62x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	3.90x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.46x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.62x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.80x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.93x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	6.11x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.92x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	3.18x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.41x Weak Weak Operating income divided by interest expense Optimal: > 5x	3.07x Fair Fair Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$26.23B	$24.86B	$22.14B	$24.67B	$22.18B	$18.66B	$31.45B	$30.72B	$28.68B	$30.12B	$32.14B	$32.49B	$30.40B	$33.04B	$28.93B	$24.49B	$25.93B	$30.04B	$-1.12B	$-530.00M
Debt / EBITDA (x)	2.70x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.08x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.93x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.13x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.41x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.01x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.89x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.78x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.94x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.53x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.70x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.83x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.49x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.90x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.99x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.91x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.90x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.67x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$143.81	$133.16	$131.34	$112.79	$93.70	$76.73	$95.80	$92.53	$76.82	$65.95	$79.10	$89.41	$86.26	$100.94	$93.24	$67.44	$52.66	$84.07	$70.45	—
Basic EPS, GAAP (USD)	$18.90	$22.17	$20.24	$12.72	$11.93	$5.51	$10.85	$10.39	$1.27	$-0.11	$4.23	$5.99	$5.87	$8.71	$7.64	$4.28	$1.45	$5.83	$5.55	—
Free Cash Flow per Share (USD)	$18.97	$20.64	$22.11	$12.28	$11.22	$9.83	$10.43	$11.09	—	—	—	—	—	—	—	$7.93	$10.56	$7.65	$12.46	—
Dividend per Share (USD)	$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	—
Basic Weighted Avg Shares (shares)	470.00M	486.70M	510.60M	526.90M	544.00M	544.10M	561.60M	591.40M	591.80M	584.30M	594.30M	617.20M	645.20M	652.60M	645.00M	631.50M	615.20M	610.50M	638.20M	—
Dividend Payout Ratio (%)	31.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	24.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	25.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	37.0% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	36.5% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	74.8% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	36.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	32.3% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	244.9% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-2800.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	71.2% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	45.1% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	39.5% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	23.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	23.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	40.7% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	115.9% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	27.8% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	24.9% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$15.93B	$13.41B	$12.22B	$12.25B	$13.61B	$13.75B	$12.57B	$10.38B	$9.31B	$5.83B	$7.27B	$10.99B	$11.04B	$12.72B	$9.54B	$9.79B	$8.24B	$6.26B	$3.23B	—
LT Debt (USD)	$30.70B	$27.35B	$24.47B	$25.71B	$26.03B	$26.00B	$26.28B	$25.00B	$23.85B	$22.82B	$25.17B	$27.78B	$26.72B	$27.75B	$24.94B	$20.44B	$21.85B	$22.83B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$67.59B	$64.81B	$67.06B	$59.43B	$50.97B	$41.75B	$53.80B	$54.72B	$45.46B	$38.54B	$47.01B	$55.18B	$55.66B	$65.88B	$60.14B	$42.59B	$32.40B	$51.32B	$44.96B	—
Depreciation Expense (USD)	$2.26B	$2.15B	$2.14B	$2.22B	$2.35B	$2.43B	$2.58B	$2.77B	$2.88B	$3.03B	$3.05B	$3.16B	$3.09B	$2.81B	$2.53B	$2.30B	$2.34B	$1.98B	$1.80B	—
Net Income, GAAP (USD)	$8.88B	$10.79B	$10.33B	$6.70B	$6.49B	$3.00B	$6.09B	$6.15B	$759.00M	$-59.00M	$2.52B	$3.71B	$3.80B	$5.72B	$4.98B	$2.70B	$895.00M	$3.56B	$3.54B	—
Operating Cash Flow (USD)	$11.74B	$12.04B	$12.88B	$7.77B	$7.20B	$6.33B	$6.91B	$6.56B	—	—	—	—	—	—	—	$5.01B	$6.50B	$4.67B	$7.96B	—

CATERPILLAR INC

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20-Year Financial Trajectory

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Dividend History

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