Net Income for Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's current net income (TTM) is $8.87B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CAT
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$8.87B
YoY change
-17.8%
5Y CAGR
+24.2%
Peak year (2024)
$10.79B
Cumulative net income
$108.66B
Net Income history chart for Caterpillar (CAT) from 1985 to 2025
Net Income history table for Caterpillar (CAT) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $8.87B | -17.8% | ||
| 2024 | $10.79B | +4.4% | ||
| 2023 | $10.34B | +54.1% | ||
| 2022 | $6.71B | +3.3% | ||
| 2021 | $6.49B | +116.4% | ||
| 2020 | $3.00B | -50.8% | ||
| 2019 | $6.09B | -0.9% | ||
| 2018 | $6.15B | +715.3% | ||
| 2017 | $754.00M | -1225.4% | ||
| 2016 | -$67.00M | -102.7% | ||
| 2015 | $2.51B | +2.4% | ||
| 2014 | $2.45B | -35.3% | ||
| 2013 | $3.79B | -33.3% | ||
| 2012 | $5.68B | +15.3% | ||
| 2011 | $4.93B | +82.5% | ||
| 2010 | $2.70B | +201.7% | ||
| 2009 | $895.00M | -74.8% | ||
| 2008 | $3.56B | +0.5% | ||
| 2007 | $3.54B | +0.1% | ||
| 2006 | $3.54B | +23.9% | ||
| 2005 | $2.85B | +40.2% | ||
| 2004 | $2.04B | +85.2% | ||
| 2003 | $1.10B | +37.7% | ||
| 2002 | $798.00M | -0.9% | ||
| 2001 | $805.00M | -23.6% | ||
| 2000 | $1.05B | +11.3% | ||
| 1999 | $946.00M | -37.5% | ||
| 1998 | $1.51B | -9.1% | ||
| 1997 | $1.67B | +22.3% | ||
| 1996 | $1.36B | +19.8% | ||
| 1995 | $1.14B | +19.0% | ||
| 1994 | $955.00M | +46.5% | ||
| 1993 | $652.00M | -126.8% | ||
| 1992 | -$2.44B | +502.7% | ||
| 1991 | -$404.00M | -292.4% | ||
| 1990 | $210.00M | -57.7% | ||
| 1989 | $497.00M | -19.3% | ||
| 1988 | $616.00M | +93.1% | ||
| 1987 | $319.00M | +319.7% | ||
| 1986 | $76.00M | -61.6% | ||
| 1985 | $198.00M | — |
Net Income 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 net income for Caterpillar (CAT) came in at $8.87B – declined 17.8% year-over-year.
Caterpillar net income compound annual growth for the 2020–2025 (5 years) window is +24.2%, with the latest reading among the more recent periods of the dataset.
Caterpillar net income declined from $10.79B in 2024 to $8.87B in 2025, a 17.8% drawdown.
The highest annual net income of $10.79B was reported in 2024. The lowest in the available history was -$2.44B in 1992.
Among 8 Industrials peers, Caterpillar (CAT) ranks 1st; the peer median for net income is $4.88B.
Caterpillar Net Income by Year
Caterpillar Net Income 2025: $8.87B
Caterpillar net income in 2025 was $8.87B, declined 17.8% below 2024.
Caterpillar Net Income 2024: $10.79B
Caterpillar net income in 2024 was $10.79B, edged up 4.4% from 2023. This figure represents the highest annual value in the available history.
Caterpillar Net Income 2023: $10.34B
Caterpillar net income in 2023 was $10.34B, surged 54.1% from 2022.
Caterpillar Net Income 2022: $6.71B
Caterpillar net income in 2022 was $6.71B, edged up 3.3% from 2021.
Caterpillar Net Income 2021: $6.49B
Caterpillar net income in 2021 was $6.49B.
See more financial history for Caterpillar (CAT).
Sector peers — Net Income
Companies in the same sector as Caterpillar, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| Parker-Hannifin Corporation (PH) | $3.53B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Caterpillar's net income?
- Latest reported net income for Caterpillar (CAT) is $8.87B (period ending December 31, 2025).
How has Caterpillar net income changed year-over-year?
- Caterpillar (CAT) net income changed -17.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Caterpillar net income?
- Caterpillar (CAT) net income compound annual growth rate is +24.2% over the most recent 5 years available.
When did Caterpillar net income hit its highest annual value?
- Caterpillar net income reached its highest annual value of $10.79B in 2024.
What was Caterpillar net income in 2024?
- Caterpillar (CAT) net income in 2024 was $10.79B.
What was Caterpillar net income in 2025?
- Caterpillar (CAT) net income in 2025 was $8.87B.
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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