Caterpillar (CAT) Revenue — Quarter Ended Sep 30, 2025
Caterpillar reported higher revenue for the quarter compared to the prior quarter and the same quarter last year. The increase reflects improved sales and revenues from both Machinery, Energy & Transportation and Financial Products.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Caterpillar reported higher revenue for the quarter compared to the prior quarter and the same quarter last year. The increase reflects improved sales and revenues from both Machinery, Energy & Transportation and Financial Products.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.6B
Revenue reported for this quarter.
Quarter-over-quarter
+6.5%
Change from the immediately preceding quarter.
Year-over-year
+9.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$64.7B
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, 2024 | $16.2B | -5.0% |
| Mar 31, 2025 | $14.2B | -9.8% |
| Jun 30, 2025 | $16.6B | -0.7% |
| Sep 30, 2025 | $17.6B | +9.5% |
Revenue performance
Total sales and revenues rose from the immediately preceding quarter. The reported revenue also exceeded the amount from the same quarter one year earlier.
Quarterly comparison
Compared with the prior quarter, revenue increased. Versus the same quarter a year ago, revenue also grew.
What to watch
Operating profit declined despite higher revenue, as cost of goods sold and selling expenses increased more than proportionally.