CATERPILLAR INC (CAT) FY2025 Annual P&L / Income Statement

CATERPILLAR INC (CAT) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total sales and revenues

67,589,000,000 US dollars

Cost of goods sold

44,752,000,000 US dollars

Gross profit (calculated)

22,837,000,000 US dollars

Operating expenses (calculated)

11,686,000,000 US dollars

Operating profit

11,151,000,000 US dollars

Other income (expense), net (calculated)

390,000,000 US dollars

Consolidated profit before taxes

11,541,000,000 US dollars

Provision (benefit) for income taxes

2,768,000,000 US dollars

Profit of consolidated and affiliated companies

8,882,000,000 US dollars

Construction Industries

25,060,000,000 US dollars

Resource Industries

12,474,000,000 US dollars

Power & Energy

32,201,000,000 US dollars

Financial Products Segment

4,220,000,000 US dollars

Other Operating Segment

327,000,000 US dollars

Research and development expenses

2,148,000,000 US dollars

Other operating (income) expenses

1,194,000,000 US dollars

Selling, general and administrative expenses

6,985,000,000 US dollars

Interest expense of Financial Products

1,359,000,000 US dollars

Revenue before reconciliation (calculated)

74,282,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Corporate Reconciling Items and Eliminations

negative 6,693,000,000 US dollars. Reported reconciliation to consolidated revenue.

Equity in profit (loss) of unconsolidated affiliated companies

109,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to CATERPILLAR INC: $8.88 B; to noncontrolling interests: −$2.00 M.