Caterpillar (CAT) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The increase was modest relative to the previous quarter and more pronounced versus the prior year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The increase was modest relative to the previous quarter and more pronounced versus the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.1B
Revenue reported for this quarter.
Quarter-over-quarter
+1.5%
Change from the immediately preceding quarter.
Year-over-year
+2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$67.1B
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 |
|---|---|---|
| Mar 31, 2023 | $15.9B | +16.7% |
| Jun 30, 2023 | $17.3B | +21.6% |
| Sep 30, 2023 | $16.8B | +12.1% |
| Dec 31, 2023 | $17.1B | +2.8% |
Revenue performance
The quarter's revenue continued the positive trend seen throughout the year, though the rate of growth decelerated from earlier periods.
Quarterly comparison
Compared with the prior quarter, revenue increased slightly, while the year-over-year comparison showed a larger gain.
What to watch
Operating cash flow improved significantly during the year, which may support future operations.