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CAT · NYSE · United States · Construction Machinery & Equip
In shortCATERPILLAR INC is profitable, generates cash and carries moderate debt, with revenue growing (+4.3% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.5% | 72/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 13.1% | 73/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 43.5% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 14.7% | 98/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.44× | 53/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.70× | 17/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.96× | 58/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.27 | 81/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.2% | 73/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.00× | 88/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 10.1% | 74/100 |
| Operating margin volatility | 3.2% | 80/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 4.4% | 41/100 |
|---|---|---|
| EPS growth, 3-year average | 14.2% | 96/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 50,971 | 59,427 | 67,060 | 64,809 | 67,589 |
| Cost of revenue | 35,513 | 41,350 | 42,767 | 40,199 | 44,752 |
| Gross profit | 15,458 | 18,077 | 24,293 | 24,610 | 22,837 |
| Research & development | 1,686 | 1,814 | 2,108 | 2,107 | 2,148 |
| Selling, general & admin | 5,365 | 5,651 | 6,371 | 6,667 | 6,985 |
| Operating income | 6,878 | 7,904 | 12,966 | 13,072 | 11,151 |
| Pre-tax income | 8,204 | 8,752 | 13,050 | 13,373 | 11,541 |
| Income tax | 1,742 | 2,067 | 2,781 | 2,629 | 2,768 |
| Net income | 6,489 | 6,705 | 10,335 | 10,792 | 8,884 |
| Diluted EPS | $11.83 | $12.64 | $20.12 | $22.05 | $18.81 |
| Diluted shares (millions) | 549 | 530 | 514 | 489 | 472 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
4.27 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026