Caterpillar (CAT) Operating Income (2009 - 2026)

Caterpillar (CAT) recorded quarterly Operating Income of $3.1 billion in Q1 2026, up 15.98% quarter-over-quarter from $2.7 billion in Q4 2025, and up 19.62% on a YoY basis from $2.6 billion in Q1 2025.

Caterpillar (CAT) Operating Income (2009 - 2026) Analysis & Trends

Caterpillar's Operating Income history runs 18 years deep, the most recent figure standing at $3.1 billion for Q1 2026.

  • In Q1 2026, Operating Income rose 19.62% year-over-year to $3.1 billion; the TTM figure through Mar 2026 stood at $11.7 billion (down 3.92% YoY), while the FY2025 annual figure was $11.2 billion, down 14.7% from the prior year.
  • Operating Income was $3.1 billion for Q1 2026 at Caterpillar, up from $2.7 billion in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $3.7 billion in Q2 2023 to a low of $1.7 billion in Q4 2022.
  • Historically, Operating Income has averaged $2.8 billion across 5 years, with a median of $2.9 billion in 2024.
  • The sharpest annual moves came in 2023 and 2025: Operating Income jumped 87.86% in 2023, then decreased 26.71% in 2025.
  • A 5-year view of Operating Income shows it stood at $1.7 billion in 2022, then jumped by 86.55% to $3.1 billion in 2023, then fell by 6.7% to $2.9 billion in 2024, then declined by 9.03% to $2.7 billion in 2025, then climbed by 15.98% to $3.1 billion in 2026.
  • The last three Operating Income figures came in at $3.1 billion (Q1 2026), $2.7 billion (Q4 2025), and $3.1 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Caterpillar 424.10 Bn 420.03 Bn 6.11 Bn 3.09 Bn
2 Deere 156.25 Bn 148.36 Bn 13.06 Bn 2.24 Bn
3 Paccar 63.14 Bn 62.45 Bn 1.36 Bn -4.29 Bn
4 Oshkosh 8.32 Bn 8.07 Bn 311.90 Mn 82.00 Mn
5 Terex 6.12 Bn 5.73 Bn 206.00 Mn -82.00 Mn
6 Blue Bird 2.24 Bn 1.97 Bn 70.65 Mn 39.12 Mn
7 Alamo 1.85 Bn 1.65 Bn 104.81 Mn 42.16 Mn
8 Lindsay 1.21 Bn 1.02 Bn 42.35 Mn 13.01 Mn
9 Astec Industries 1.18 Bn 1.11 Bn 99.10 Mn 9.00 Mn
10 Hyster-Yale 619.64 Mn 623.94 Mn 124.80 Mn -28.00 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 1.79 Bn