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Caterpillar stock: growth
CATCaterpillar reported $67.59B in revenue for fiscal 2025, up 4.3% on the prior year, up 10.1% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
2.6%
per year from 2006 to 2025, per share 4.5%
Earnings (Annual rate)
5%
per year from 2006 to 2025, per share 6.8%
Free cash flow (Annual rate)
4.7%
per year from 2006 to 2025, per share 6.6%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 10.1% | 3.7% | 2.6% |
| Revenue per share | 13.6% | 6.2% | 4.5% |
| Earnings | 24.2% | 13.5% | 5.0% |
| Earnings per share | 28.0% | 16.1% | 6.8% |
| Free cash flow | 12.1% | 8.0% | 4.7% |
| Free cash flow per share | 15.6% | 10.7% | 6.6% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $41.52B | $3.54B | $3.12B |
| 2007 | $44.96B | $3.54B | $4.92B |
| 2008 | $51.32B | $3.56B | $786M |
| 2009 | $32.4B | $895M | $4.03B |
| 2010 | $42.59B | $2.7B | $2.42B |
| 2011 | $60.14B | $4.93B | $3.03B |
| 2012 | $65.88B | $5.68B | $108M |
| 2013 | $55.66B | $3.79B | $5.75B |
| 2014 | $55.18B | $2.45B | $4.68B |
| 2015 | $47.01B | $2.51B | $3.44B |
| 2016 | $38.54B | −$67M | $2.71B |
| 2017 | $45.46B | $754M | $3.37B |
| 2018 | $54.72B | $6.15B | $3.64B |
| 2019 | $53.8B | $6.09B | $4.24B |
| 2020 | $41.75B | $3B | $4.21B |
| 2021 | $50.97B | $6.49B | $4.73B |
| 2022 | $59.43B | $6.71B | $5.17B |
| 2023 | $67.06B | $10.34B | $9.79B |
| 2024 | $64.81B | $10.79B | $8.82B |
| 2025 | $67.59B | $8.87B | $7.45B |
Revenue by segment
How Caterpillar Inc. makes its money and how that has shifted. Names are as the company reports them.
- Power & Energy$27.1B40%
- Construction Industries$24.8B37%
- Resource Industries$12.2B18%
- Financial Products$4.2B6%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Power & Energy | $27.14B | 40.2% |
| Construction Industries | $24.8B | 36.7% |
| Resource Industries | $12.19B | 18% |
| Financial Products | $4.22B | 6.2% |
| Total revenue | $67.59B | 100% |
Revenue by region
Where Caterpillar Inc. generates its revenue.
- North America54%
- EMEA19%
- Asia Pacific17%
- Latin America10%
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| North America | $25.62B | $25.79B | $18.21B | $22.02B | $27.98B | $34.61B | $34.4B | $36.61B | 54.2% |
| EMEA | $11.93B | $11.22B | $9.86B | $12.14B | $12.81B | $13.67B | $12.32B | $12.79B | 18.9% |
| Asia Pacific | $12.48B | $12.08B | $10.24B | $11.73B | $11.89B | $12.12B | $11.39B | $11.2B | 16.6% |
| Latin America | $4.7B | $4.71B | $3.43B | $5.09B | $6.74B | $6.67B | $6.71B | $6.99B | 10.3% |
| Total revenue | $54.72B | $53.8B | $41.75B | $50.97B | $59.43B | $67.06B | $64.81B | $67.59B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 22 Oct 2026)
- Valuation signal Fairly valued since 10 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.