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Caterpillar (CAT) Operating Income (2016 - 2025)

Caterpillar has reported Operating Income over the past 17 years, most recently at $2.7 billion for Q4 2025.

  • Quarterly results put Operating Income at $2.7 billion for Q4 2025, down 9.03% from a year ago — trailing twelve months through Dec 2025 was $11.2 billion (down 14.7% YoY), and the annual figure for FY2025 was $11.2 billion, down 14.7%.
  • Operating Income for Q4 2025 was $2.7 billion at Caterpillar, down from $3.1 billion in the prior quarter.
  • Over the last five years, Operating Income for CAT hit a ceiling of $3.7 billion in Q2 2023 and a floor of $1.6 billion in Q4 2021.
  • Median Operating Income over the past 5 years was $2.7 billion (2023), compared with a mean of $2.6 billion.
  • Biggest five-year swings in Operating Income: surged 128.19% in 2021 and later dropped 26.71% in 2025.
  • Caterpillar's Operating Income stood at $1.6 billion in 2021, then increased by 4.28% to $1.7 billion in 2022, then surged by 86.55% to $3.1 billion in 2023, then dropped by 6.7% to $2.9 billion in 2024, then fell by 9.03% to $2.7 billion in 2025.
  • The last three reported values for Operating Income were $2.7 billion (Q4 2025), $3.1 billion (Q3 2025), and $2.9 billion (Q2 2025) per Business Quant data.