EBITDA for Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's current EBITDA (TTM) is $14.86B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CAT
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$14.86B
YoY change
-7.4%
5Y CAGR
+16.4%
Peak year (2024)
$16.04B
Cumulative EBITDA
$237.13B
EBITDA history chart for Caterpillar (CAT) from 1985 to 2025
EBITDA history table for Caterpillar (CAT) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $14.86B | -7.4% | ||
| 2024 | $16.04B | +2.1% | ||
| 2023 | $15.71B | +37.6% | ||
| 2022 | $11.41B | +3.4% | ||
| 2021 | $11.04B | +59.1% | ||
| 2020 | $6.94B | -35.8% | ||
| 2019 | $10.81B | -1.7% | ||
| 2018 | $10.99B | +46.8% | ||
| 2017 | $7.49B | +103.6% | ||
| 2016 | $3.68B | -47.4% | ||
| 2015 | $6.99B | +2.8% | ||
| 2014 | $6.80B | -21.7% | ||
| 2013 | $8.68B | -24.6% | ||
| 2012 | $11.52B | +19.4% | ||
| 2011 | $9.65B | +51.0% | ||
| 2010 | $6.39B | +47.2% | ||
| 2009 | $4.34B | -45.1% | ||
| 2008 | $7.91B | -3.6% | ||
| 2007 | $8.21B | +5.8% | ||
| 2006 | $7.76B | +21.1% | ||
| 2005 | $6.41B | +57.0% | ||
| 2004 | $4.08B | +15.2% | ||
| 2003 | $3.54B | +13.1% | ||
| 2002 | $3.13B | +26.4% | ||
| 2001 | $2.48B | -28.1% | ||
| 2000 | $3.45B | +14.9% | ||
| 1999 | $3.00B | -16.9% | ||
| 1998 | $3.61B | +2.2% | ||
| 1997 | $3.53B | +18.3% | ||
| 1996 | $2.98B | +12.3% | ||
| 1995 | $2.66B | +14.1% | ||
| 1994 | $2.33B | +58.7% | ||
| 1993 | $1.47B | +114.0% | ||
| 1992 | $685.00M | +62.3% | ||
| 1991 | $422.00M | -60.7% | ||
| 1990 | $1.07B | -17.1% | ||
| 1989 | $1.30B | -9.6% | ||
| 1988 | $1.43B | +62.0% | ||
| 1987 | $885.00M | +29.2% | ||
| 1986 | $685.00M | -12.0% | ||
| 1985 | $778.00M | — |
EBITDA values are taken from Caterpillar's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Caterpillar (CAT) EBITDA totalled $14.86B – declined 7.4% year-over-year.
Across 2020–2025 (5 years), Caterpillar EBITDA produced a CAGR of +16.4% – with the latest reading among the more recent periods of the dataset.
Caterpillar EBITDA declined from $16.04B in 2024 to $14.86B in 2025, a 7.4% drawdown.
The dataset's maximum EBITDA sits at $16.04B (2024); the minimum reading of $422.00M dates to 1991.
Within Industrials, Caterpillar (CAT) ranks 1st among 8 peers we track. The peer median for EBITDA is $9.93B.
Caterpillar EBITDA by Year
Caterpillar EBITDA 2025: $14.86B
Caterpillar EBITDA in 2025 was $14.86B, declined 7.4% below 2024.
Caterpillar EBITDA 2024: $16.04B
Caterpillar EBITDA in 2024 was $16.04B, edged up 2.1% from 2023. This figure represents the highest annual value in the available history.
Caterpillar EBITDA 2023: $15.71B
Caterpillar EBITDA in 2023 was $15.71B, surged 37.6% from 2022.
Caterpillar EBITDA 2022: $11.41B
Caterpillar EBITDA in 2022 was $11.41B, edged up 3.4% from 2021.
Caterpillar EBITDA 2021: $11.04B
Caterpillar EBITDA in 2021 was $11.04B.
See more financial history for Caterpillar (CAT).
Sector peers — EBITDA
Companies in the same sector as Caterpillar, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Union Pacific Corporation (UNP) | $12.95B | Industrials |
| RTX Corporation (RTX) | $12.89B | Industrials |
| GE Aerospace (GE) | $12.06B | Industrials |
| Deere & Company (DE) | $11.66B | Industrials |
| Honeywell International Inc. (HON) | $8.21B | Industrials |
| The Boeing Company (BA) | $7.36B | Industrials |
| Eaton Corporation plc (ETN) | $5.95B | Industrials |
| Parker-Hannifin Corporation (PH) | $5.42B | Industrials |
Frequently asked questions
What is Caterpillar's EBITDA?
- Latest reported EBITDA for Caterpillar (CAT) is $14.86B (period ending December 31, 2025).
How has Caterpillar EBITDA changed year-over-year?
- Caterpillar (CAT) EBITDA changed -7.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Caterpillar EBITDA?
- Caterpillar (CAT) EBITDA compound annual growth rate is +16.4% over the most recent 5 years available.
When did Caterpillar EBITDA hit its highest annual value?
- Caterpillar EBITDA reached its highest annual value of $16.04B in 2024.
What was Caterpillar EBITDA in 2024?
- Caterpillar (CAT) EBITDA in 2024 was $16.04B.
What was Caterpillar EBITDA in 2025?
- Caterpillar (CAT) EBITDA in 2025 was $14.86B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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