Caterpillar (CAT) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline reversed a pattern of growth seen in prior quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline reversed a pattern of growth seen in prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.9B
Revenue reported for this quarter.
Quarter-over-quarter
-4.4%
Change from the immediately preceding quarter.
Year-over-year
+16.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$61.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $14.2B | +10.5% |
| Sep 30, 2022 | $15B | +20.9% |
| Dec 31, 2022 | $16.6B | +20.3% |
| Mar 31, 2023 | $15.9B | +16.7% |
Revenue performance
The quarter's revenue was lower than the previous quarter's level, reflecting a contraction in the period's sales and revenues.
Quarterly comparison
Compared to the prior quarter, revenue declined. Versus the same quarter a year ago, revenue was higher.
What to watch
The reversal of the sequential growth trend is a key point to monitor in future reports.