Caterpillar (CAT) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year gains reflect continued growth in the company's top line.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year gains reflect continued growth in the company's top line.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.3B
Revenue reported for this quarter.
Quarter-over-quarter
+9.2%
Change from the immediately preceding quarter.
Year-over-year
+21.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$64.8B
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 |
|---|---|---|
| Sep 30, 2022 | $15B | +20.9% |
| Dec 31, 2022 | $16.6B | +20.3% |
| Mar 31, 2023 | $15.9B | +16.7% |
| Jun 30, 2023 | $17.3B | +21.6% |
Revenue performance
Reported revenue rose sequentially, building on the prior quarter's level. The year-over-year comparison also showed a significant increase from the same period one year earlier.
Quarterly comparison
Revenue was higher than the immediately preceding quarter and also exceeded the amount posted in the same quarter a year ago. The trailing twelve-month revenue figure reflects accumulated growth over the recent four quarters.
What to watch
Filing context highlights higher profit before taxes adjusted for non-cash items as a driver of operating cash flow improvement, but the commentary does not cite specific revenue drivers.