Caterpillar (CAT) Revenue — Quarter Ended Mar 31, 2025
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects lower sales of Machinery, Energy & Transportation, partially offset by higher revenues from Financial Products.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects lower sales of Machinery, Energy & Transportation, partially offset by higher revenues from Financial Products.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.2B
Revenue reported for this quarter.
Quarter-over-quarter
-12.1%
Change from the immediately preceding quarter.
Year-over-year
-9.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$63.3B
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, 2024 | $16.7B | -3.6% |
| Sep 30, 2024 | $16.1B | -4.2% |
| Dec 31, 2024 | $16.2B | -5.0% |
| Mar 31, 2025 | $14.2B | -9.8% |
Revenue performance
Total sales and revenues fell from the immediately preceding quarter, continuing a downward trend observed over recent quarters. The decline was driven by a decrease in core machinery and energy sales.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was lower, with the year-ago figure showing a larger base. The current quarter's performance also weakened sequentially from the prior quarter.
What to watch
Monitor whether the declining revenue trend in Machinery, Energy & Transportation persists in upcoming quarters.