Caterpillar (CAT) Operating Income (2009 - 2026)
Caterpillar (CAT) posted Operating Income of $4.3 billion for Q2 2026, up 39.22% on a QoQ basis from $3.1 billion in Q1 2026, and up 50.17% year-over-year from $2.9 billion in Q2 2025.
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Analysis
Caterpillar (CAT) Operating Income (2009 - 2026) Analysis & Trends
Caterpillar has reported Operating Income for 18 years, with the latest figure at $4.3 billion in Q2 2026.
- On a quarterly basis, Operating Income rose 50.17% year-over-year to $4.3 billion in Q2 2026; TTM through Jun 2026 was $13.1 billion, a 13.74% increase from a year earlier, with the FY2025 full-year figure at $11.2 billion, down 14.7% from the prior year.
- Operating Income was $4.3 billion for Q2 2026 at Caterpillar, up from $3.1 billion in the prior quarter.
- The five-year high for Operating Income was $4.3 billion in Q2 2026, with the low at $1.7 billion in Q4 2022.
- Average Operating Income over 5 years is $2.9 billion, with a median of $3.0 billion recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Income surged 87.86% in 2023, then slipped 26.71% in 2025.
- Over 5 years, Operating Income stood at $1.7 billion in 2022, then surged by 86.55% to $3.1 billion in 2023, then retreated by 6.7% to $2.9 billion in 2024, then fell by 9.03% to $2.7 billion in 2025, then surged by 61.47% to $4.3 billion in 2026.
- The last three Operating Income figures came in at $4.3 billion (Q2 2026), $3.1 billion (Q1 2026), and $2.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.58 Bn | 364.86 Bn | 7.76 Bn | 4.30 Bn |
| 2 | Amphenol | 204.28 Bn | 198.29 Bn | 3.55 Bn | 2.58 Bn |
| 3 | Deere | 189.58 Bn | 180.70 Bn | 12.32 Bn | 1.86 Bn |
| 4 | Eaton | 171.87 Bn | 171.22 Bn | 2.86 Bn | 1.39 Bn |
| 5 | Parker-Hannifin | 121.60 Bn | 121.11 Bn | 2.25 Bn | 1.37 Bn |
| 6 | Vertiv Holdings | 97.62 Bn | 94.51 Bn | 1.23 Bn | 637.90 Mn |
| 7 | 3M | 87.32 Bn | 84.04 Bn | 2.68 Bn | 984.00 Mn |
| 8 | Emerson Electric | 86.05 Bn | 83.88 Bn | 2.66 Bn | 1.31 Bn |
| 9 | Illinois Tool Works | 77.02 Bn | 76.18 Bn | 1.90 Bn | 1.15 Bn |
| 10 | Cummins | 72.43 Bn | 68.82 Bn | 2.47 Bn | 1.28 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.30 Bn |
| Mar 31, 2026 | 3.09 Bn |
| Dec 31, 2025 | 2.66 Bn |
| Sep 30, 2025 | 3.05 Bn |
| Jun 30, 2025 | 2.86 Bn |
| Mar 31, 2025 | 2.58 Bn |
| Dec 31, 2024 | 2.92 Bn |
| Sep 30, 2024 | 3.15 Bn |
| Jun 30, 2024 | 3.48 Bn |
| Mar 31, 2024 | 3.52 Bn |
| Dec 31, 2023 | 3.13 Bn |
| Sep 30, 2023 | 3.45 Bn |
| Jun 30, 2023 | 3.65 Bn |
| Mar 31, 2023 | 2.73 Bn |
| Dec 31, 2022 | 1.68 Bn |
| Sep 30, 2022 | 2.43 Bn |
| Jun 30, 2022 | 1.94 Bn |
| Mar 31, 2022 | 1.86 Bn |
| Dec 31, 2021 | 1.61 Bn |
| Sep 30, 2021 | 1.66 Bn |
API Access
Caterpillar Operating 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=operating-income&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-income&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();