Caterpillar

CAT Industrials Market cap $360B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026

Revenue$20.5B +24% year over year

Gross profit$7.8B 38% margin

Operating profit$4.3B 21% margin

Net profit$3.6B 17% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	20.5	100%	+24%
Power & energy	5.7	28%
Resource industries	3.7	18%
Mining, HC & Q&A	3.0	14%
Power generation	2.8	14%
Other revenue	1.7	8%
Industrial	1.5	7%
Oil & gas	1.4	7%
Rail	0.8	4%
Cost of revenue	−12.8	62%
Gross profit	7.8	38% margin	+3pp
R&D	−0.6	3%	+0pp
SG&A	−2.0	10%	+0pp
Other	−0.8	4%	+0pp
Operating profit	4.3	21% margin	+4pp
Other income, net	0.4
Tax	−1.1
Net profit	3.6	17% margin	+4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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%
Mining, HC & Q&A	3.0	17%
Power generation	2.8	16%
Industrial	1.5	9%
Rail	0.8	4%
Cost of revenue	−11.3	65%
Gross profit	6.1	35% margin	−2pp
R&D	−0.5	3%	+0pp
SG&A	−1.8	10%	−1pp
Other	−0.7	4%	+0pp
Operating profit	3.1	18% margin	+0pp
Other income, net	0.1
Tax	−0.7
Net profit	2.5	15% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	19.1	100%	+18%
Cost of revenue	−13.3	70%
Gross profit	5.8	30% margin	−6pp
R&D	−0.6	3%	+0pp
SG&A	−1.9	10%	−1pp
Other	−0.7	4%	+0pp
Operating profit	2.7	14% margin	−4pp
Other income, net	0.5
Tax	−0.7
Net profit	2.4	13% margin	−5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	17.6	100%	+10%
Cost of revenue	−11.7	66%
Gross profit	6.0	34% margin	−4pp
R&D	−0.6	3%	+0pp
SG&A	−1.8	11%	+0pp
Other	−0.5	3%	+0pp
Operating profit	3.1	17% margin	−2pp
Other income, net	0.1
Tax	−0.8
Net profit	2.3	13% margin	−2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	16.6	100%	−1%
Cost of revenue	−10.8	65%
Gross profit	5.8	35% margin	−4pp
R&D	−0.6	4%	+0pp
SG&A	−1.7	10%	+0pp
Other	−0.7	4%	+0pp
Operating profit	2.9	17% margin	−4pp
Tax	−0.7
Net profit	2.2	13% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	16.69	100%	−4%
Energy & transportation	11.12	67%
Resource industries	5.61	33%
Other and unallocated	−0.04	0%
Cost of revenue	−10.15	61%
Gross profit	6.54	39% margin	+3pp
R&D	−0.54	3%	+0pp
SG&A	−1.65	10%	+1pp
Other	−0.87	5%
Operating profit	3.48	21% margin	+0pp
Tax	−0.80
Net profit	2.68	16% margin	−1pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY23 (period ends Dec 31, 2023).
Item	Value	Share of revenue	Year over year
Revenue	17.07	100%	+3%
Construction industries	6.98	41%
Energy & transportation	4.94	29%
Resource industries	2.83	17%
Other revenue	1.40	8%
Financial products	0.91	5%
All other operating	0.02	0%
Cost of revenue	−11.02	65%
Gross profit	6.05	35% margin	+5pp
R&D	−0.55	3%	+1pp
SG&A	−1.76	10%	+1pp
Other	−0.61	4%	+0pp
Operating profit	3.13	18% margin	+8pp
Other income, net	0.13
Tax	−0.59
Net profit	2.67	16% margin	+7pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY23 (period ends Jun 30, 2023).
Item	Value	Share of revenue	Year over year
Revenue	17.32	100%	+22%
Energy & transportation	9.91	57%
Construction industries	5.62	32%
All other operating	1.82	11%
Other and unallocated	−0.03	0%
Cost of revenue	−11.07	64%
Gross profit	6.25	36% margin	+6pp
R&D	−0.53	3%	+0pp
SG&A	−1.53	9%	−1pp
Other	−0.55	3%	+0pp
Operating profit	3.65	21% margin	+7pp
Tax	−0.73
Net profit	2.92	17% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026 Operating margin 21% Net profit $3.59B	Apr 1 – Jun 30, 2026	Aug 5, 2026	$20.5B	+24%	21%	$3.59B	17%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 6, 2026 Operating margin 18% Net profit $2.55B	Jan 1 – Mar 31, 2026	May 6, 2026	$17.4B	+22%	18%	$2.55B	15%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 13, 2026 Operating margin 14% Net profit $2.40B	Oct 1 – Dec 31, 2025	Feb 13, 2026	$19.1B	+18%	14%	$2.40B	13%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 3, 2025 Operating margin 17% Net profit $2.30B	Jul 1 – Sep 30, 2025	Nov 3, 2025	$17.6B	+10%	17%	$2.30B	13%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 6, 2025 Operating margin 17% Net profit $2.18B	Apr 1 – Jun 30, 2025	Aug 6, 2025	$16.6B	−1%	17%	$2.18B	13%
Q2 FY24 Apr 1 – Jun 30, 2024 reported Aug 7, 2024 Operating margin 21% Net profit $2.68B	Apr 1 – Jun 30, 2024	Aug 7, 2024	$16.7B	−4%	21%	$2.68B	16%
Q4 FY23 Oct 1 – Dec 31, 2023 reported Feb 16, 2024 Operating margin 18% Net profit $2.67B	Oct 1 – Dec 31, 2023	Feb 16, 2024	$17.1B	+3%	18%	$2.67B	16%
Q2 FY23 Apr 1 – Jun 30, 2023 reported Aug 2, 2023 Operating margin 21% Net profit $2.92B	Apr 1 – Jun 30, 2023	Aug 2, 2023	$17.3B	+22%	21%	$2.92B	17%