Power & Energy was Caterpillar’s largest segment in fiscal 2025, bringing in $32.20B of $67.59B (48%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Machinery, Energy & Transportation | — | — | — | — | |||||||||||||
| Machinery & Power Systems | — | — | — | — | |||||||||||||
| Power & Energy | — | $28.00B | $28.85B | $32.20B | |||||||||||||
| Construction Industries | $25.27B | $27.42B | $25.46B | $25.06B | |||||||||||||
| Energy & Transportation | $23.75B | — | — | — | |||||||||||||
| Resource Industries | $12.31B | $13.67B | $12.47B | $12.47B | |||||||||||||
| Financial Products | $3.25B | $3.79B | $4.05B | $4.22B | |||||||||||||
| Other Operating | $450.00M | $363.00M | $344.00M | $327.00M | |||||||||||||
| Other Segments | — | — | — | — | |||||||||||||
| Business Intersegment Eliminations | — | — | — | — | |||||||||||||
| Corporate Items & Eliminations | -$448.00M | -$748.00M | -$812.00M | -$805.00M | |||||||||||||
| Intersegment Sales & Revenues | -$5.16B | -$5.43B | -$5.56B | -$5.89B | |||||||||||||
| Consolidating Adjustments | — | — | — | — | |||||||||||||
| Total | $59.43B | $67.06B | $64.81B | $67.59B |
Caterpillar brought in $67.59B from its seven segments in fiscal 2025, the year ended December 31, 2025. That was up 4.3% from $64.81B in fiscal 2024. Power & Energy was the largest at $32.20B (47.6%), ahead of Construction Industries at $25.06B (37.1%) and Resource Industries at $12.47B (18.5%). The other two segments brought in $4.55B combined.
Compared with fiscal 2024, Power & Energy grew fastest, up 11.6% to $32.20B, while Construction Industries fell the most, down 1.6% to $25.06B.
Caterpillar began breaking out Power & Energy in fiscal 2023, when it brought in $28.00B. Caterpillar stopped reporting Energy & Transportation as a separate segment after fiscal 2022, when it brought in $23.75B. The total is net of Corporate Items & Eliminations, which took $805.00M off revenue in fiscal 2025.
North America was Caterpillar’s largest region in fiscal 2025, bringing in $36.61B of $67.59B (54%).
| Geography | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Outside The United States | — | — | — | — | |||||||||
| North America | $27.98B | $34.61B | $34.40B | $36.61B | |||||||||
| U.S. Pensions | — | — | — | — | |||||||||
| U.S. Pension Benefits | — | — | — | — | |||||||||
| Inside United States | — | — | — | — | |||||||||
| Eame | $12.81B | $13.67B | $12.32B | $12.79B | |||||||||
| Emea | — | — | — | — | |||||||||
| Asia/Pacific | $11.89B | $12.12B | $11.39B | $11.20B | |||||||||
| Latin America | $6.74B | $6.67B | $6.71B | $6.99B | |||||||||
| Total | $59.43B | $67.06B | $64.81B | $67.59B |
Caterpillar brought in $67.59B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 4.3% from $64.81B in fiscal 2024. North America was the largest at $36.61B (54.2%), ahead of Eame at $12.79B (18.9%) and Asia/Pacific at $11.20B (16.6%). The remaining region, Latin America, brought in $6.99B.
Compared with fiscal 2024, North America grew fastest, up 6.4% to $36.61B, while Asia/Pacific fell the most, down 1.7% to $11.20B. From fiscal 2022 to 2025, combined revenue from these regions grew from $59.43B to $67.59B, a compound annual growth rate of 4.4%. North America's share of the total rose from 47.1% to 54.2%.
Machinery, Power & Energy was Caterpillar’s largest product and service line in fiscal 2025, bringing in $63.98B of $67.59B (95%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Machinery, Power & Energy | — | $63.87B | $61.36B | $63.98B | ||||||
| Machinery, Energy & Transportation | $56.57B | — | — | — | ||||||
| Financial Products | $2.85B | $3.19B | $3.45B | $3.61B | ||||||
| Financial Service | — | — | — | — | ||||||
| Total | $59.43B | $67.06B | $64.81B | $67.59B |
Caterpillar brought in $67.59B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 4.3% from $64.81B in fiscal 2024. Machinery, Power & Energy was the largest at $63.98B (94.7%), ahead of Financial Products at $3.61B (5.3%).
Compared with fiscal 2024, Financial Products grew 4.7% to $3.61B and Machinery, Power & Energy grew 4.3% to $63.98B.
Caterpillar began breaking out Machinery, Power & Energy in fiscal 2023, when it brought in $63.87B. Caterpillar stopped reporting Machinery, Energy & Transportation as a separate line after fiscal 2022, when it brought in $56.57B.
Caterpillar (CAT) reports its revenue by segment, by geography and by product and service. In fiscal 2025, Power & Energy was its largest segment, bringing in $32.20B (47.6% of the total), followed by Construction Industries at $25.06B (37.1%).
Power & Energy was Caterpillar's largest segment in fiscal 2025, bringing in $32.20B, or 47.6% of the $67.59B total across its seven segments.
North America was Caterpillar's largest region in fiscal 2025, bringing in $36.61B, or 54.2% of the $67.59B total across its four regions.
Machinery, Power & Energy was Caterpillar's largest product and service line in fiscal 2025, bringing in $63.98B, or 94.7% of the $67.59B total across its two product and service lines.
Among Caterpillar's segments that make up at least 2% of revenue, Power & Energy grew fastest in fiscal 2025, up 11.6% from $28.85B to $32.20B.
Every figure comes from Caterpillar's annual financial filings, as reported. Each line keeps the name Caterpillar gives it, and years follow its fiscal calendar.
Caterpillar's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.