Caterpillar Q1 FY26: where the revenue came from and where it went
The whole income statement of Caterpillar for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- May 6, 2026
Revenue$17.4B
+22% year over year
Gross profit$6.1B
35% margin
Operating profit$3.1B
18% margin
Net profit$2.5B
15% margin
The numbers
| 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 |
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