Caterpillar (CAT) Net Income (2009 - 2026)
Caterpillar's Net Income came in at $3.59 billion for Q2 2026, up 64.9% from $2.18 billion a year earlier and up 41.0% from the prior quarter.
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Analysis
Caterpillar (CAT) Net Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Caterpillar reported Net Income of $10.84 billion, up 14.9% year-over-year; for FY2025, it was $8.88 billion, down 17.7% from FY2024.
- Net Income carries a five-year compound annual growth rate of 24.2% (FY2020 to FY2025).
- Going back by year, Net Income was $10.79 billion in FY2024 (+4.4%), $10.33 billion in FY2023 (+54.1%), $6.7 billion in FY2022 (+3.2%) and $6.49 billion in FY2021 (+116.2%).
- The Q2 2026 figure represents the highest quarterly Net Income in data going back to Q1 2009.
- Year-over-year, Net Income increased in three of the last eight quarters, with growth averaging 1.9%.
- The fastest year-over-year change in Net Income over five years came in Q4 2021 (growth of 171.8%), and the weakest in Q4 2022 (a decline of 31.4%).
- Business Quant data shows CAT's Net Income at $2.55 billion (Q1 2026), $2.4 billion (Q4 2025) and $2.3 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 355.45 Bn | 327.15 Bn | 7.76 Bn | 3.59 Bn |
| 2 | Amphenol | 207.79 Bn | 202.37 Bn | 3.55 Bn | 1.78 Bn |
| 3 | Deere | 172.15 Bn | 140.24 Bn | 4.66 Bn | 1.38 Bn |
| 4 | Eaton | 164.57 Bn | 161.76 Bn | 2.86 Bn | 823.00 Mn |
| 5 | Parker-Hannifin | 120.67 Bn | 118.79 Bn | 2.25 Bn | 1.09 Bn |
| 6 | Emerson Electric | 90.30 Bn | 83.04 Bn | 2.66 Bn | 718.00 Mn |
| 7 | Vertiv Holdings | 89.73 Bn | 80.35 Bn | 1.23 Bn | 497.80 Mn |
| 8 | 3M | 83.55 Bn | 64.95 Bn | 2.68 Bn | 938.00 Mn |
| 9 | Illinois Tool Works | 75.82 Bn | 72.38 Bn | 1.90 Bn | 815.00 Mn |
| 10 | Cummins | 72.08 Bn | 68.15 Bn | 2.47 Bn | 968.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.59 Bn |
| Mar 31, 2026 | 2.55 Bn |
| Dec 31, 2025 | 2.40 Bn |
| Sep 30, 2025 | 2.30 Bn |
| Jun 30, 2025 | 2.18 Bn |
| Mar 31, 2025 | 2.00 Bn |
| Dec 31, 2024 | 2.79 Bn |
| Sep 30, 2024 | 2.46 Bn |
| Jun 30, 2024 | 2.68 Bn |
| Mar 31, 2024 | 2.85 Bn |
| Dec 31, 2023 | 2.67 Bn |
| Sep 30, 2023 | 2.79 Bn |
| Jun 30, 2023 | 2.92 Bn |
| Mar 31, 2023 | 1.94 Bn |
| Dec 31, 2022 | 1.45 Bn |
| Sep 30, 2022 | 2.04 Bn |
| Jun 30, 2022 | 1.67 Bn |
| Mar 31, 2022 | 1.54 Bn |
| Dec 31, 2021 | 2.12 Bn |
| Sep 30, 2021 | 1.43 Bn |
API Access
Caterpillar Net Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-income&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-income&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();