Caterpillar

CAT · Industrials · Market cap $370B

Q1 FY26 Mar 31, 2026 reported May 6, 2026

Revenue$17.4B +22% year over year

Gross profit$6.1B

Operating profit$3.1B

Net profit$2.5B 15% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	17.4	100%	+22%
Power & Energy	5.7	33%
Resource Industries	3.7	21%	+29%
Mining, HC and Q&A	3	17%
Power Generation	2.8	16%
Industrial	1.5	9%
Rail	0.8	5%
Cost of revenue	−11.3	65%
Gross profit	6.1	35% margin	−2pp
Research & development	−0.5	3%	+0pp
SG&A	−1.8	10%	−1pp
Other	−0.7	4%	+0pp
Operating profit	3.1	18% margin	+0pp
Tax	−0.7
Net profit	2.5	15%	+1pp

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	16.7	100%	−4%
Energy & Transportation	11.1	66%
Resource Industries	5.6	34%
Cost of revenue	−10.2	61%
Gross profit	6.5	39% margin	+3pp
Research & development	−0.5	3%	+0pp
SG&A	−1.7	10%	+1pp
Other	−0.9	5%	+0pp
Operating profit	3.5	21% margin	+0pp
Tax	−0.8
Net profit	2.7	16%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Mar 31, 2026	May 6, 2026	$17.4B	+22%	18%	$2.5B	15%
Q2 FY24	Apr 1 – Jun 30, 2024	Aug 7, 2024	$16.7B	−4%	21%	$2.7B	16%