Caterpillar (CAT) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to the prior quarter. It also fell slightly from the same period a year ago.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to the prior quarter. It also fell slightly from the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.8B
Revenue reported for this quarter.
Quarter-over-quarter
-7.4%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$67B
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, 2023 | $17.3B | +21.6% |
| Sep 30, 2023 | $16.8B | +12.1% |
| Dec 31, 2023 | $17.1B | +2.8% |
| Mar 31, 2024 | $15.8B | -0.4% |
Revenue performance
The year-over-year comparison turned negative for the first time in the recent trend, following prior quarters of growth. The sequential decline was more pronounced.
Quarterly comparison
Versus the immediately preceding quarter, revenue declined moderately. Relative to the same quarter one year earlier, the decrease was minimal.
What to watch
Operating cash flow improved year-over-year, aided by a smaller increase in inventory compared to the prior year.