Caterpillar Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.54B | $17.42B | $19.13B | $17.64B | $16.57B | $14.25B | $16.22B | $16.11B |
| Cost of Revenue | $12.78B | $11.31B | $13.31B | $11.67B | $10.81B | $8.97B | $10.32B | $10.07B |
| Gross Profit | $7.76B | $6.11B | $5.83B | $5.97B | $5.76B | $5.28B | $5.89B | $6.04B |
| Gross Margin | 37.8% | 35.1% | 30.5% | 33.8% | 34.8% | 37.1% | 36.3% | 37.5% |
| Operating Expenses | ||||||||
| Research & Development | $616.0M | $537.0M | $562.0M | $555.0M | $551.0M | $480.0M | $519.0M | $533.0M |
| SG&A Expense | $2.02B | $1.82B | $1.88B | $1.82B | $1.69B | $1.59B | $1.77B | $1.67B |
| Operating Income | $4.30B | $3.09B | $2.66B | $3.05B | $2.86B | $2.58B | $2.92B | $3.15B |
| Operating Margin | 20.9% | 17.7% | 13.9% | 17.3% | 17.3% | 18.1% | 18.0% | 19.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $4.56B | $3.21B | $3.03B | $3.13B | $2.82B | $2.57B | $3.24B | $3.10B |
| Income Tax Expense | $1.06B | $670.0M | $712.0M | $836.0M | $646.0M | $574.0M | $463.0M | $642.0M |
| Net Income | $3.59B | $2.55B | $2.40B | $2.30B | $2.18B | $2.00B | $2.79B | $2.46B |
| Net Margin | 17.5% | 14.6% | 12.5% | 13.0% | 13.2% | 14.1% | 17.2% | 15.3% |
| EPS (Basic) | $7.80 | $5.50 | $5.13 | $4.91 | $4.64 | $4.22 | $5.80 | $5.09 |
| EPS (Diluted) | $7.77 | $5.47 | $5.11 | $4.88 | $4.62 | $4.20 | $5.76 | $5.06 |
| Shares Outstanding (Basic) | 460.4M | 463.4M | 470.0M | 468.6M | 469.7M | 474.9M | 486.7M | 484.2M |
| Shares Outstanding (Diluted) | 462.5M | 465.8M | 472.3M | 470.8M | 471.5M | 477.1M | 489.4M | 486.7M |
| Dividends Per Share | $3.14 | — | — | — | $2.92 | — | — | — |