CAT
Caterpillar Inc
Company Profile
Caterpillar Inc a global enterprise founded in 1925 and headquartered in Deerfield Illinois having previously operated as Caterpillar Tractor Co until its rebranding in 1986 is a premier manufacturer and vendor of heavy construction and mining equipment diesel and natural gas power units and industrial gas turbines across the world The companys extensive offerings are organized into several operational divisions Construction Industries This segment delivers a broad spectrum of machinery for construction projects including asphalt pavers versatile backhoe and skid steer loaders various sizes of excavators from compact to heavyduty compactors roadbuilding equipment like cold planers and motorgraders pipelayers site preparation tractors telehandlers and utility vehicles alongside a range of wheel loaders and tracktype equipment Resource Industries Dedicated to the mining sector this division supplies powerful equipment such as electric rope and hydraulic shovels draglines rotary drills specialized hard rock vehicles and a diverse fleet of mining offhighway and articulated trucks It also offers longwall miners wheel dozers fleet management systems autonomous vehicle solutions crucial machinery components selected work tools and comprehensive safety and performance solutions for mining operations Energy Transportation This segment focuses on power generation and propulsion systems It provides reciprocating engines generator sets integrated power solutions industrial turbines and associated services remanufactured engines and parts centrifugal gas compressors and dieselelectric locomotives with related components and services These products serve critical sectors including marine oil and gas industrial applications and electric power generation Financial Products This segment supports customers with a variety of financial services such as operating and finance leases installment sale agreements working capital loans and wholesale financing schemes It also offers insurance and risk management products tailored for vehicles power generation facilities and marine vessels All Other This encompassing segment is responsible for manufacturing essential consumables and components like filters fluids undercarriage parts and ground engaging tools
| Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue & Profitability | |||||
| Total Revenue | 67.59B | 64.81B | 67.06B | 59.43B | 50.97B |
| Cost of Revenue | 45.73B | 41.49B | 43.80B | 41.92B | 35.97B |
| Gross Profit | 21.86B | 23.32B | 23.26B | 17.51B | 15.00B |
| Gross Margin % | 32.34% | 35.99% | 34.69% | 29.47% | 29.43% |
| Operating Expenses | |||||
| R&D Expenses | 2.15B | 2.11B | 2.11B | 1.81B | 1.69B |
| SG&A Expenses | 6.99B | 6.67B | 6.37B | 5.65B | 5.37B |
| Other Operating Expenses | 1.52B | 1.48B | 1.82B | 1.22B | 1.07B |
| Total Operating Expenses | 10.65B | 10.25B | 10.30B | 8.68B | 8.13B |
| Operating Performance | |||||
| Operating Income | 11.21B | 13.07B | 12.97B | 7.90B | 6.88B |
| Operating Margin % | 16.59% | 20.17% | 19.33% | 13.30% | 13.49% |
| EBITDA | 14.86B | 16.04B | 15.71B | 12.34B | 11.07B |
| EBITDA Margin % | 21.98% | 24.75% | 23.42% | 20.76% | 21.72% |
| Net Results | |||||
| Interest Expense | 1.03B | 512.00M | 511.00M | 443.00M | 488.00M |
| Other Income/Expenses Net | 353.00M | 345.00M | 84.00M | 848.00M | 1.33B |
| Income Before Tax | 11.56B | 13.42B | 13.05B | 8.75B | 8.20B |
| Income Tax Expense | 2.77B | 2.63B | 2.78B | 2.07B | 1.74B |
| Net Income | 8.87B | 10.79B | 10.34B | 6.71B | 6.49B |
| Net Margin % | 13.13% | 16.65% | 15.41% | 11.28% | 12.73% |
| Per Share Metrics | |||||
| EPS | 18.90 | 22.17 | 20.24 | 12.73 | 11.93 |
| Diluted EPS | 18.83 | 22.05 | 20.12 | 12.64 | 11.83 |
| Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 9.98B | 6.89B | 6.98B | 7.00B | 9.25B |
| Short Term Investments | N/A | N/A | 1.90B | N/A | N/A |
| Net Receivables | 21.57B | 18.85B | 19.07B | 17.87B | 17.38B |
| Inventory | 18.14B | 16.83B | 16.57B | 16.27B | 14.04B |
| Other Current Assets | 2.80B | 3.12B | 4.34B | 11.66B | 2.79B |
| Total Current Assets | 52.49B | 45.68B | 46.95B | 43.79B | 43.46B |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | 15.14B | 13.36B | 12.68B | 12.03B | 12.09B |
| Long Term Investments | 16.41B | 18.58B | 15.87B | 16.59B | N/A |
| Tax Assets | 2.88B | 3.31B | 2.82B | 2.21B | 1.84B |
| Other Non-Current Assets | 6.10B | 1.19B | 3.29B | 1.28B | 18.04B |
| Total Non-Current Assets | 46.10B | 42.08B | 40.53B | 38.16B | 39.34B |
| Total Assets | |||||
| Total Assets | 98.59B | 87.76B | 87.48B | 81.94B | 82.79B |
| Current Liabilities | |||||
| Accounts Payable | 8.97B | 7.68B | 7.91B | 8.69B | 8.15B |
| Short Term Debt | 12.63B | 11.06B | 13.55B | 11.28B | 11.76B |
| Tax Payables | N/A | N/A | N/A | N/A | N/A |
| Deferred Revenue | 3.31B | 2.32B | 1.93B | 1.86B | 1.09B |
| Other Current Liabilities | 11.64B | 11.22B | 11.49B | 9.70B | 8.85B |
| Total Current Liabilities | 36.56B | 32.27B | 34.73B | 31.53B | 29.85B |
| Non-Current Liabilities | |||||
| Long Term Debt | 30.70B | 27.35B | 24.90B | 25.71B | 26.03B |
| Other Non-Current Liabilities | 10.01B | 8.65B | 8.35B | 6.59B | 10.40B |
| Total Non-Current Liabilities | 40.71B | 36.00B | 33.25B | 34.52B | 36.43B |
| Total Liabilities | |||||
| Total Liabilities | 77.27B | 68.27B | 67.97B | 66.05B | 66.28B |
| Shareholders Equity | |||||
| Common Stock | 7.18B | 6.94B | 6.40B | 6.56B | 6.40B |
| Retained Earnings | 65.45B | 59.35B | 51.25B | 43.51B | 39.28B |
| Accumulated Other Comprehensive Income/Loss | -1.77B | -2.47B | -1.82B | -2.46B | -1.55B |
| Total Shareholders Equity | 21.32B | 19.49B | 19.49B | 15.87B | 16.48B |
| Key Metrics | |||||
| Total Liabilities & Equity | 98.59B | 87.76B | 87.48B | 81.94B | 82.76B |
| Total Debt | 43.33B | 38.41B | 38.45B | 36.99B | 37.79B |
| Net Debt | 33.35B | 31.52B | 31.47B | 29.99B | 28.54B |
| Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 8.88B | 10.79B | 10.34B | 6.70B | 6.49B |
| Depreciation & Amortization | 2.26B | 2.15B | 2.14B | 2.22B | 2.35B |
| Stock Based Compensation | 242.00M | 223.00M | 208.00M | 193.00M | N/A |
| Change in Accounts Receivable | -2.14B | -160.00M | -437.00M | -220.00M | N/A |
| Change in Inventory | -1.48B | -414.00M | -364.00M | -2.59B | -2.59B |
| Change in Accounts Payable | 1.18B | -282.00M | -754.00M | 798.00M | 2.04B |
| Other Working Capital Changes | 2.09B | -3.00M | 1.71B | 211.00M | 34.00M |
| Total Working Capital Change | -348.00M | -859.00M | 151.00M | -1.80B | -647.00M |
| Other Non-Cash Items | 236.00M | 351.00M | 639.00M | 827.00M | -617.00M |
| Net Cash from Operations | 11.74B | 12.04B | 12.89B | 7.77B | 7.20B |
| Investing Activities | |||||
| Capital Expenditures | -1.47B | -3.22B | -3.09B | -2.60B | N/A |
| Purchase of Investments | -1.93B | -1.53B | -4.41B | -3.17B | -2.26B |
| Sale of Investments | 2.52B | 3.16B | 1.89B | 2.38B | 785.00M |
| Other Investing Activities | -3.78B | -803.00M | -967.00M | 839.00M | -1.65B |
| Net Cash from Investing | -4.71B | -2.45B | -5.87B | -2.54B | -3.08B |
| Financing Activities | |||||
| Debt Repayment | 4.13B | 799.00M | -594.00M | -7.73B | -9.80B |
| Stock Repurchases | -5.19B | -7.70B | -4.98B | -4.23B | -2.67B |
| Dividends Paid | -2.75B | -2.65B | -2.56B | -2.44B | -2.33B |
| Other Financing Activities | -90.00M | -41.00M | 1.19B | 7.07B | 10.47B |
| Net Cash from Financing | -3.90B | -9.57B | -6.93B | -7.28B | -4.19B |
| Cash Summary | |||||
| Net Change in Cash | 3.09B | -89.00M | -26.00M | -2.25B | -103.00M |
| Cash at Beginning of Period | 6.90B | 6.99B | 7.00B | 9.26B | 9.37B |
| Cash at End of Period | 9.99B | 6.90B | 6.98B | 7.01B | 9.26B |
| Operating Cash Flow | 11.74B | 12.04B | 12.89B | 7.77B | 7.20B |
| Capital Expenditure | -1.47B | -3.22B | -3.09B | -2.60B | -2.47B |
| Free Cash Flow | 10.27B | 8.82B | 9.79B | 5.17B | 4.73B |
📊 Annual Dividend History (Split-Adjusted)
Annual Dividend Summary
| Year | Annual Total | Yield | Payments | YoY Change | YoY % | CAGR 5Y | CAGR 10Y |
|---|---|---|---|---|---|---|---|
| 2026 P | $3.0200 | 0.43% | 2 | N/A | N/A | N/A | N/A |
| 2025 | $5.8400 | 1.50% | 4 | +$0.4200 | +7.75% | 7.23% | 7.10% |
| 2024 | $5.4200 | 1.59% | 4 | $-0.8800 | -13.97% | 7.47% | 7.62% |
| 2023 | $6.3000 | 2.55% | 5 | +$1.6800 | +36.36% | 13.94% | 13.86% |
| 2022 | $4.6200 | 2.31% | 4 | +$0.3400 | +7.94% | 8.31% | 6.42% |
| 2021 | $4.2800 | 2.08% | 4 | +$0.1600 | +3.88% | 6.80% | 9.05% |
| 2020 | $4.1200 | 2.95% | 4 | +$0.3400 | +8.99% | 6.98% | 9.13% |
| 2019 | $3.7800 | 2.77% | 4 | +$0.5000 | +15.24% | 7.77% | 8.45% |
| 2018 | $3.2800 | 2.24% | 4 | +$0.1800 | +5.81% | 13.78% | 7.71% |
| 2017 | $3.1000 | 2.96% | 4 | +$0.0200 | +0.65% | 4.56% | 8.91% |
| 2016 | $3.0800 | 4.12% | 4 | +$0.1400 | +4.76% | 11.34% | 10.84% |
| 2015 | $2.9400 | 3.67% | 4 | +$0.3400 | +13.08% | 11.32% | 12.44% |
| 2014 | $2.6000 | 2.63% | 4 | +$0.8800 | +51.16% | 9.13% | 12.79% |
| 2013 | $1.7200 | 2.05% | 3 | $-0.7600 | -30.65% | 1.97% | 9.25% |
| 2012 | $2.4800 | 2.68% | 5 | +$0.6800 | +37.78% | 13.44% | 13.48% |
| 2011 | $1.8000 | 1.84% | 4 | +$0.0800 | +4.65% | 10.35% | 10.06% |
| 2010 | $1.7200 | 2.57% | 4 | +$0.0400 | +2.38% | 13.58% | 9.97% |
| 2009 | $1.6800 | 4.30% | 4 | +$0.1200 | +7.69% | 16.59% | 10.39% |
| 2008 | $1.5600 | 2.61% | 4 | +$0.2400 | +18.18% | 17.05% | 10.99% |
| 2007 | $1.3200 | 1.82% | 4 | +$0.2200 | +20.00% | 13.53% | 11.36% |
| 2006 | $1.1000 | 1.59% | 4 | +$0.1900 | +20.88% | 9.78% | 11.36% |
| 2005 | $0.9100 | 1.83% | 4 | +$0.1300 | +16.67% | 6.47% | 11.74% |
| 2004 | $0.7800 | 1.94% | 4 | +$0.0700 | +9.86% | 4.53% | 21.37% |
| 2003 | $0.7100 | 2.47% | 4 | +$0.0100 | +1.43% | 5.24% | 25.20% |
| 2002 | $0.7000 | 3.03% | 4 | +$0.0100 | +1.45% | 9.24% | 25.03% |
| 2001 | $0.6900 | 2.95% | 4 | +$0.0250 | +3.76% | 12.97% | 16.49% |
| 2000 | $0.6650 | 3.56% | 4 | +$0.0400 | +6.40% | 17.26% | 16.06% |
📅 Quarterly Payments by Year
2026
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 20, 2026 | $1.5100 | 0.240% | $629.00 |
| Apr 20, 2026 | $1.5100 | 0.189% | $798.40 |
2025
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 21, 2025 | $1.4100 | 0.354% | $398.36 |
| Apr 21, 2025 | $1.4100 | 0.495% | $284.74 |
| Jul 21, 2025 | $1.5100 | 0.368% | $410.07 |
| Oct 20, 2025 | $1.5100 | 0.284% | $531.18 |
2024
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2024 | $1.3000 | 0.456% | $285.28 |
| Apr 19, 2024 | $1.3000 | 0.367% | $354.66 |
| Jul 22, 2024 | $1.4100 | 0.405% | $347.87 |
| Oct 21, 2024 | $1.4100 | 0.361% | $390.48 |
2023
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2023 | $1.2000 | 0.488% | $245.75 |
| Apr 21, 2023 | $1.2000 | 0.545% | $220.27 |
| Jul 19, 2023 | $1.3000 | 0.495% | $262.75 |
| Jul 20, 2023 | $1.3000 | 0.498% | $261.09 |
| Oct 20, 2023 | $1.3000 | 0.522% | $249.20 |
2022
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2022 | $1.1100 | 0.501% | $221.66 |
| Apr 22, 2022 | $1.1100 | 0.513% | $216.30 |
| Jul 19, 2022 | $1.2000 | 0.669% | $179.49 |
| Oct 21, 2022 | $1.2000 | 0.631% | $190.22 |
2021
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2021 | $1.0300 | 0.531% | $194.06 |
| Apr 23, 2021 | $1.0300 | 0.448% | $230.11 |
| Jul 19, 2021 | $1.1100 | 0.547% | $203.08 |
| Oct 22, 2021 | $1.1100 | 0.553% | $200.65 |
2020
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 17, 2020 | $1.0300 | 0.697% | $147.78 |
| Apr 17, 2020 | $1.0300 | 0.886% | $116.30 |
| Jul 17, 2020 | $1.0300 | 0.752% | $136.90 |
| Oct 23, 2020 | $1.0300 | 0.611% | $168.59 |
2019
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2019 | $0.8600 | 0.630% | $136.60 |
| Apr 18, 2019 | $0.8600 | 0.600% | $143.36 |
| Jul 19, 2019 | $1.0300 | 0.756% | $136.23 |
| Oct 18, 2019 | $1.0300 | 0.788% | $130.71 |
2018
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 19, 2018 | $0.7800 | 0.458% | $170.41 |
| Apr 20, 2018 | $0.7800 | 0.509% | $153.25 |
| Jul 19, 2018 | $0.8600 | 0.617% | $139.42 |
| Oct 19, 2018 | $0.8600 | 0.655% | $131.32 |
2017
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2017 | $0.7700 | 0.825% | $93.33 |
| Apr 20, 2017 | $0.7700 | 0.813% | $94.66 |
| Jul 18, 2017 | $0.7800 | 0.728% | $107.07 |
| Oct 20, 2017 | $0.7800 | 0.594% | $131.36 |
2016
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2016 | $0.7700 | 1.286% | $59.87 |
| Apr 21, 2016 | $0.7700 | 0.979% | $78.66 |
| Jul 18, 2016 | $0.7700 | 0.965% | $79.82 |
| Oct 20, 2016 | $0.7700 | 0.889% | $86.63 |
2015
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2015 | $0.7000 | 0.830% | $84.32 |
| Apr 16, 2015 | $0.7000 | 0.830% | $84.34 |
| Jul 16, 2015 | $0.7700 | 0.919% | $83.76 |
| Oct 22, 2015 | $0.7700 | 1.086% | $70.88 |
2014
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 16, 2014 | $0.6000 | 0.652% | $92.01 |
| Apr 16, 2014 | $0.6000 | 0.583% | $102.93 |
| Jul 17, 2014 | $0.7000 | 0.642% | $109.07 |
| Oct 16, 2014 | $0.7000 | 0.751% | $93.24 |
2013
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Apr 18, 2013 | $0.5200 | 0.646% | $80.46 |
| Jul 18, 2013 | $0.6000 | 0.700% | $85.72 |
| Oct 17, 2013 | $0.6000 | 0.699% | $85.85 |
2012
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2012 | $0.4600 | 0.441% | $104.26 |
| Apr 19, 2012 | $0.4600 | 0.428% | $107.36 |
| Jul 18, 2012 | $0.5200 | 0.630% | $82.52 |
| Oct 18, 2012 | $0.5200 | 0.600% | $86.62 |
| Dec 20, 2012 | $0.5200 | 0.581% | $89.50 |
2011
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2011 | $0.4400 | 0.457% | $96.23 |
| Apr 20, 2011 | $0.4400 | 0.406% | $108.28 |
| Jul 18, 2011 | $0.4600 | 0.427% | $107.80 |
| Oct 20, 2011 | $0.4600 | 0.546% | $84.26 |
2010
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2010 | $0.4200 | 0.699% | $60.12 |
| Apr 22, 2010 | $0.4200 | 0.622% | $67.51 |
| Jul 16, 2010 | $0.4400 | 0.688% | $63.94 |
| Oct 21, 2010 | $0.4400 | 0.558% | $78.89 |
2009
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2009 | $0.4200 | 1.066% | $39.39 |
| Apr 16, 2009 | $0.4200 | 1.284% | $32.71 |
| Jul 16, 2009 | $0.4200 | 1.230% | $34.15 |
| Oct 22, 2009 | $0.4200 | 0.715% | $58.74 |
2008
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 17, 2008 | $0.3600 | 0.576% | $62.47 |
| Apr 17, 2008 | $0.3600 | 0.458% | $78.59 |
| Jul 17, 2008 | $0.4200 | 0.585% | $71.83 |
| Oct 16, 2008 | $0.4200 | 0.991% | $42.37 |
2007
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2007 | $0.3000 | 0.501% | $59.90 |
| Apr 19, 2007 | $0.3000 | 0.437% | $68.62 |
| Jul 18, 2007 | $0.3600 | 0.417% | $86.23 |
| Oct 18, 2007 | $0.3600 | 0.464% | $77.66 |
2006
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2006 | $0.2500 | 0.404% | $61.87 |
| Apr 20, 2006 | $0.2500 | 0.321% | $77.97 |
| Jul 18, 2006 | $0.3000 | 0.432% | $69.47 |
| Oct 19, 2006 | $0.3000 | 0.435% | $69.02 |
2005
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2005 | $0.2050 | 0.443% | $46.27 |
| Apr 21, 2005 | $0.2050 | 0.457% | $44.83 |
| Jul 20, 2005 | $0.2500 | 0.470% | $53.20 |
| Oct 20, 2005 | $0.2500 | 0.463% | $54.03 |
2004
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 15, 2004 | $0.1850 | 0.444% | $41.69 |
| Apr 22, 2004 | $0.1850 | 0.440% | $42.05 |
| Jul 16, 2004 | $0.2050 | 0.527% | $38.91 |
| Oct 21, 2004 | $0.2050 | 0.532% | $38.52 |
2003
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 16, 2003 | $0.1750 | 0.741% | $23.63 |
| Apr 16, 2003 | $0.1750 | 0.681% | $25.71 |
| Jul 17, 2003 | $0.1750 | 0.551% | $31.77 |
| Oct 16, 2003 | $0.1850 | 0.498% | $37.17 |
2002
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 17, 2002 | $0.1750 | 0.710% | $24.66 |
| Apr 18, 2002 | $0.1750 | 0.637% | $27.46 |
| Jul 18, 2002 | $0.1750 | 0.820% | $21.34 |
| Oct 17, 2002 | $0.1750 | 0.867% | $20.18 |
2001
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2001 | $0.1700 | 0.814% | $20.88 |
| Apr 19, 2001 | $0.1700 | 0.713% | $23.84 |
| Jul 18, 2001 | $0.1750 | 0.664% | $26.34 |
| Oct 18, 2001 | $0.1750 | 0.754% | $23.20 |
2000
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Jan 18, 2000 | $0.1630 | 0.651% | $24.97 |
| Apr 19, 2000 | $0.1630 | 0.864% | $18.81 |
| Jul 18, 2000 | $0.1700 | 0.900% | $18.88 |
| Oct 18, 2000 | $0.1700 | 1.140% | $14.91 |
Dividend Cuts
Warning: This stock has historical dividend cuts.
| Year | Type | Description |
|---|---|---|
| 1982 | cut | Dividend reduced |
| 1984 | cut | Dividend reduced |
| 1992 | cut | Dividend reduced |
| 1983 | cut | Dividend reduced |
| 1985 | cut | Dividend reduced |
Composite assessment of dividend quality across safety, sustainability, yield, and growth.
Score Components
Safety
82Payout ratios, balance sheet strength, and financial stability.
Sustainability
93Earnings coverage, cash flow, and business resilience.
Yield
76Current yield vs. market averages and historical trends.
Growth
72Dividend growth history and future potential.