Caterpillar (CAT) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared to both the prior quarter and the same quarter one year earlier. The decrease reflects lower sales in the Machinery, Energy & Transportation segment.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared to both the prior quarter and the same quarter one year earlier. The decrease reflects lower sales in the Machinery, Energy & Transportation segment.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.1B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
-4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$65.7B
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 |
|---|---|---|
| Dec 31, 2023 | $17.1B | +2.8% |
| Mar 31, 2024 | $15.8B | -0.4% |
| Jun 30, 2024 | $16.7B | -3.6% |
| Sep 30, 2024 | $16.1B | -4.2% |
Revenue performance
Revenue moved lower, with the total falling from the level reported in the immediately preceding quarter. The decline also extended the downward trend from the year-ago period.
Quarterly comparison
Compared to the prior quarter, revenue was lower. Versus the same quarter last year, revenue also decreased, continuing the pattern of year-over-year declines.
What to watch
Operating cash flow for the first nine months of the year declined compared with the same period a year ago, warranting attention.