Gross Profit for Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's current gross profit (TTM) is $21.86B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CAT
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$21.86B
YoY change
-6.3%
5Y CAGR
+12.6%
Peak year (2024)
$23.32B
Cumulative gross profit
$395.90B
Gross Profit history chart for Caterpillar (CAT) from 1985 to 2025
Gross Profit history table for Caterpillar (CAT) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $21.86B | -6.3% | ||
| 2024 | $23.32B | +0.3% | ||
| 2023 | $23.26B | +32.8% | ||
| 2022 | $17.51B | +16.7% | ||
| 2021 | $15.00B | +24.2% | ||
| 2020 | $12.08B | -26.4% | ||
| 2019 | $16.42B | -3.5% | ||
| 2018 | $17.00B | +25.4% | ||
| 2017 | $13.56B | +37.0% | ||
| 2016 | $9.90B | -23.1% | ||
| 2015 | $12.88B | -7.0% | ||
| 2014 | $13.84B | -2.5% | ||
| 2013 | $14.20B | -21.2% | ||
| 2012 | $18.02B | +14.5% | ||
| 2011 | $15.73B | +39.2% | ||
| 2010 | $11.31B | +32.9% | ||
| 2009 | $8.51B | -34.1% | ||
| 2008 | $12.91B | +4.7% | ||
| 2007 | $12.33B | +3.0% | ||
| 2006 | $11.97B | +22.4% | ||
| 2005 | $9.78B | +38.5% | ||
| 2004 | $7.06B | +21.5% | ||
| 2003 | $5.81B | +16.1% | ||
| 2002 | $5.01B | -4.3% | ||
| 2001 | $5.23B | -7.9% | ||
| 2000 | $5.68B | -7.9% | ||
| 1999 | $6.17B | -9.5% | ||
| 1998 | $6.81B | +8.3% | ||
| 1997 | $6.29B | +16.8% | ||
| 1996 | $5.39B | +13.3% | ||
| 1995 | $4.75B | +13.8% | ||
| 1994 | $4.18B | +30.2% | ||
| 1993 | $3.21B | +33.4% | ||
| 1992 | $2.40B | +3.0% | ||
| 1991 | $2.33B | -15.2% | ||
| 1990 | $2.75B | -4.1% | ||
| 1989 | $2.87B | +0.4% | ||
| 1988 | $2.86B | +38.7% | ||
| 1987 | $2.06B | +14.1% | ||
| 1986 | $1.80B | -2.2% | ||
| 1985 | $1.84B | — |
Gross Profit 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
2025's annual gross profit for Caterpillar (CAT) came in at $21.86B – declined 6.3% year-over-year.
Caterpillar gross profit has recorded the values shown across consecutive periods, with a +12.6% compound annual growth rate over 2020–2025 (5 years).
Caterpillar gross profit peaked at $23.32B in 2024; the latest annual figure is $21.86B in 2025 (6.3% below peak).
2024 marks the peak gross profit at $23.32B, with the historical low of $1.80B recorded in 1986.
Among 8 Industrials peers, Caterpillar (CAT) ranks 1st; the peer median for gross profit is $14.19B.
Caterpillar Gross Profit by Year
Caterpillar Gross Profit 2025: $21.86B
Caterpillar gross profit in 2025 was $21.86B, declined 6.3% below 2024.
Caterpillar Gross Profit 2024: $23.32B
Caterpillar gross profit in 2024 was $23.32B, edged up 0.3% from 2023. This figure represents the highest annual value in the available history.
Caterpillar Gross Profit 2023: $23.26B
Caterpillar gross profit in 2023 was $23.26B, surged 32.8% from 2022.
Caterpillar Gross Profit 2022: $17.51B
Caterpillar gross profit in 2022 was $17.51B, grew 16.7% from 2021.
Caterpillar Gross Profit 2021: $15.00B
Caterpillar gross profit in 2021 was $15.00B.
See more financial history for Caterpillar (CAT).
Sector peers — Gross Profit
Companies in the same sector as Caterpillar, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| RTX Corporation (RTX) | $17.79B | Industrials |
| GE Aerospace (GE) | $16.89B | Industrials |
| Deere & Company (DE) | $16.30B | Industrials |
| Union Pacific Corporation (UNP) | $14.55B | Industrials |
| Honeywell International Inc. (HON) | $13.83B | Industrials |
| Eaton Corporation plc (ETN) | $10.32B | Industrials |
| Parker-Hannifin Corporation (PH) | $7.32B | Industrials |
| The Boeing Company (BA) | $4.29B | Industrials |
Frequently asked questions
What is Caterpillar's gross profit?
- Latest reported gross profit for Caterpillar (CAT) is $21.86B (period ending December 31, 2025).
How has Caterpillar gross profit changed year-over-year?
- Caterpillar (CAT) gross profit changed -6.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Caterpillar gross profit?
- Caterpillar (CAT) gross profit compound annual growth rate is +12.6% over the most recent 5 years available.
When did Caterpillar gross profit hit its highest annual value?
- Caterpillar gross profit reached its highest annual value of $23.32B in 2024.
What was Caterpillar gross profit in 2024?
- Caterpillar (CAT) gross profit in 2024 was $23.32B.
What was Caterpillar gross profit in 2025?
- Caterpillar (CAT) gross profit in 2025 was $21.86B.
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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