Business
Caterpillar manufactures construction and mining equipment, engines, turbines, locomotives, and related services, selling through a dealer network of 41 U.S. dealers and 109 dealers outside the U.S. across 190 countries.
Backlog surged, but margins rolled over in a cyclical and cost-heavy year.
AnalystBook Intelligence · FY2025 10-K✓ Figures checked against SEC
- Growth — +4% revenue to $67.6B; net income down 18%Note
- Profitability — $11.2B operating income; 16.5% marginWatch
- Cash quality — $8.9B FCF, down 11%Note
- Balance sheet — $10.0B cash vs $30.7B long-term debtNote
- Accounting — Formula-grey distress score · M/EQ clean · clean auditNote
- Demand — $51.2B backlog, up from $30.0BOK
In the full briefFree for 14 days
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Every figure in the brief links to the filing paragraph it came from, and a brief whose figures don't match SEC data is rejected before publication.
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