Caterpillar Inc. (CAT) is trading down at $811.51 (-6.01%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
Analyst price targets on CAT
One firm's current price target on Caterpillar Inc.: $900 — 11% above the current $812. Each is tracked to its date and scored the same way a member's call is.
- Baird $783 → $900 by Jul 2027 Jul 29, 2026 via Yahoo Finance · Baird's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Caterpillar Inc. revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $38.5B | $45.5B | $54.7B | $53.8B | $41.7B | $51.0B | $59.4B | $67.1B | $64.8B | $67.6B |
| Growth (year over year) | −18.0% | +18.0% | +20.4% | −1.7% | −22.4% | +22.1% | +16.6% | +12.8% | −3.4% | +4.3% |
| Gross profit | $10.5B | $14.2B | $17.7B | $17.2B | $12.7B | $15.5B | $18.1B | $24.3B | $24.6B | $22.8B |
| Gross margin | 27.2% | 31.2% | 32.4% | 31.9% | 30.3% | 30.3% | 30.4% | 36.2% | 38.0% | 33.8% |
| Operating income | $1.16B | $4.46B | $8.29B | $8.29B | $4.55B | $6.88B | $7.90B | $13.0B | $13.1B | $11.2B |
| Operating margin | 3.0% | 9.8% | 15.2% | 15.4% | 10.9% | 13.5% | 13.3% | 19.3% | 20.2% | 16.5% |
| Net income | −$67.0M | $754.0M | $6.15B | $6.09B | $3.00B | $6.49B | $6.71B | $10.3B | $10.8B | $8.88B |
| Net margin | −0.2% | 1.7% | 11.2% | 11.3% | 7.2% | 12.7% | 11.3% | 15.4% | 16.7% | 13.1% |
| EPS (diluted) | −$0.11 | $1.26 | $10.26 | $10.74 | $5.46 | $11.83 | $12.64 | $20.12 | $22.05 | $18.81 |
| Balance sheet | ||||||||||
| Cash and equivalents | $7.20B | $8.32B | $7.89B | $8.29B | $9.35B | $9.25B | $7.00B | $6.98B | $6.89B | $9.98B |
| Total assets | $74.7B | $77.0B | $78.5B | $78.5B | $78.3B | $82.8B | $81.9B | $87.5B | $87.8B | $98.6B |
| Total liabilities | $61.5B | $63.2B | $64.4B | $63.8B | $62.9B | $66.3B | $66.1B | $68.0B | $68.3B | $77.3B |
| Long-term debt | $22.8B | $23.8B | $25.0B | $26.3B | $26.0B | $26.0B | $25.7B | $24.5B | $27.4B | $30.7B |
| Shareholders' equity | $13.2B | $13.8B | $14.1B | $14.6B | $15.4B | $16.5B | $15.9B | $19.5B | $19.5B | $21.3B |
| Cash flow | ||||||||||
| Operating cash flow | $5.64B | $5.71B | $6.56B | $6.91B | $6.33B | $7.20B | $7.77B | $12.9B | $12.0B | $11.7B |
| Capital expenditure | $1.11B | $898.0M | $1.28B | $1.06B | $978.0M | $1.09B | $1.30B | $1.60B | $1.99B | $2.82B |
| Free cash flow | $4.53B | $4.81B | $5.28B | $5.86B | $5.35B | $6.11B | $6.47B | $11.3B | $10.0B | $8.92B |
| Dividends paid | $1.80B | $1.83B | $1.95B | $2.13B | $2.24B | $2.33B | $2.44B | $2.56B | $2.65B | $2.75B |
| Share buybacks | $0 | $0 | $3.80B | $4.05B | $1.13B | $2.67B | $4.23B | $4.97B | $7.70B | $5.19B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $16.1B | $16.2B | $14.2B | $16.6B | $17.6B | $19.1B | $17.4B | $20.5B |
| Growth (year over year) | −4.2% | −5.0% | −9.8% | −0.7% | +9.5% | +18.0% | +22.2% | +24.0% |
| Gross profit | $6.04B | $5.89B | $5.28B | $5.76B | $5.96B | $5.83B | $6.11B | $7.76B |
| Gross margin | 37.5% | 36.3% | 37.1% | 34.8% | 33.8% | 30.5% | 35.1% | 37.8% |
| Operating income | $3.15B | $2.92B | $2.58B | $2.86B | $3.05B | $2.66B | $3.08B | $4.29B |
| Operating margin | 19.5% | 18.0% | 18.1% | 17.3% | 17.3% | 13.9% | 17.7% | 20.9% |
| Net income | $2.46B | $2.79B | $2.00B | $2.18B | $2.30B | $2.40B | $2.55B | $3.59B |
| Net margin | 15.3% | 17.2% | 14.1% | 13.2% | 13.0% | 12.6% | 14.6% | 17.5% |
| EPS (diluted) | $5.06 | $5.76 | $4.20 | $4.62 | $4.88 | $5.11 | $5.47 | $7.77 |
| Balance sheet | ||||||||
| Cash and equivalents | $5.64B | $6.89B | $3.56B | $5.44B | $7.54B | $9.98B | $4.07B | $6.71B |
| Total assets | $86.3B | $87.8B | $85.0B | $90.3B | $93.7B | $98.6B | $95.5B | $102.6B |
| Total liabilities | $66.9B | $68.3B | $66.9B | $71.7B | $73.1B | $77.3B | $76.9B | $83.2B |
| Long-term debt | — | $27.4B | — | — | — | $30.7B | — | — |
| Shareholders' equity | $19.4B | $19.5B | $18.1B | $18.7B | $20.7B | $21.3B | $18.7B | $19.4B |
| Cash flow | ||||||||
| Operating cash flow | $3.57B | $3.39B | $1.29B | $3.12B | $3.74B | $3.59B | $1.87B | $4.37B |
| Capital expenditure | $444.0M | $703.0M | $710.0M | $555.0M | $658.0M | $898.0M | $728.0M | $587.0M |
| Free cash flow | $3.13B | $2.69B | $579.0M | $2.57B | $3.08B | $2.69B | $1.14B | $3.78B |
| Dividends paid | $683.0M | $680.0M | $674.0M | $662.0M | $707.0M | $706.0M | $703.0M | $696.0M |
| Share buybacks | $782.0M | $640.0M | $3.66B | $828.0M | $362.0M | $340.0M | $5.03B | $1.49B |
From Caterpillar Inc.'s 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Caterpillar Inc.
Caterpillar Inc. is an American manufacturer of construction, mining, and other engineering equipment. The company is the world's largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average.
Source: Wikipedia — Caterpillar Inc.
- Headquarters
- Irving, Texas From SEC filings, Oct 2026
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