Caterpillar (CAT) Revenue — Quarter Ended Dec 31, 2025
Revenue in this quarter rose compared to the prior quarter. The top line also increased relative to the same period one year earlier.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue in this quarter rose compared to the prior quarter. The top line also increased relative to the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.1B
Revenue reported for this quarter.
Quarter-over-quarter
+8.5%
Change from the immediately preceding quarter.
Year-over-year
+18.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$67.6B
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, 2025 | $14.2B | -9.8% |
| Jun 30, 2025 | $16.6B | -0.7% |
| Sep 30, 2025 | $17.6B | +9.5% |
| Dec 31, 2025 | $19.1B | +18.0% |
Revenue performance
The reported revenue increased, extending an upward trajectory from the preceding quarter. This quarter's result was higher than the same quarter a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue advanced. Versus the same quarter one year earlier, revenue was also higher.
What to watch
The filing notes that operating cash flow for the full year declined, partly due to lower profit before taxes adjusted for non-cash items.