Caterpillar (NYSE: CAT) net income
Caterpillar reported a net profit of $8,882m for fiscal 2025, 17.7% less than in fiscal 2024 ($10,788m). Its net margin was 13.1%. Earnings per share were $18.90.
Net income by fiscal year
| Fiscal year | Net income | Change | Net margin | Earnings per share |
|---|---|---|---|---|
| 2025 | $8,882m | −17.7% | 13.1% | $18.90 |
| 2024 | $10,788m | +4.4% | 16.6% | $22.17 |
| 2023 | $10,332m | +54.1% | 15.4% | $20.24 |
| 2022 | $6,704m | +3.2% | 11.3% | $12.72 |
| 2021 | $6,493m | +116.2% | 12.7% | $11.93 |
| 2020 | $3,003m | −50.7% | 7.2% | $5.51 |
| 2019 | $6,094m | −0.9% | 11.3% | $10.85 |
| 2018 | $6,148m | +710.0% | 11.2% | $10.39 |
| 2017 | $759.0m | — | 1.7% | $1.27 |
| 2016 | −$59.0m | — | −0.2% | −$0.11 |
The change compares each fiscal year with the one before and is not calculated when the previous year closed with a loss. Net margin is net income over revenue from the same filing. Figures are in millions of US dollars, except per-share amounts.
Questions about the net income of Caterpillar
- How much did Caterpillar earn in fiscal 2025?
- Caterpillar reported a net profit of $8,882m for fiscal 2025. In fiscal 2024 it reported a net profit of $10,788m.
- What are the earnings per share of Caterpillar?
- They were $18.90 in fiscal 2025, compared with $22.17 in fiscal 2024.
- What is the net margin of Caterpillar?
- In fiscal 2025 its net profit was 13.1% of its revenue.
- What was the most profitable year for Caterpillar?
- Of its last 10 fiscal years, fiscal 2024, with $10,788m.
- Where do the figures for Caterpillar come from?
- From the annual report (Form 10-K) that Caterpillar files with the SEC, the US securities regulator. Each fiscal year links to its filing.
Where each figure comes from
From the annual report (Form 10-K) that Caterpillar files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. More on Caterpillar: the Caterpillar page · annual accounts · revenue · dividends paid · insider transactions.
Dividend per share of Caterpillar by fiscal year, with the filing behind every figure: Caterpillar dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.