Caterpillar Financial Statements From 2010 to 2024

CAT Stock  USD 364.65  8.26  2.32%   
Caterpillar financial statements provide useful quarterly and yearly information to potential Caterpillar investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Caterpillar financial statements helps investors assess Caterpillar's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Caterpillar's valuation are summarized below:
Gross Profit
15.6 B
Profit Margin
0.1541
Market Capitalization
178 B
Enterprise Value Revenue
3.1147
Revenue
67.1 B
There are currently one hundred twenty fundamental signals for Caterpillar that can be evaluated and compared over time across rivals. All traders should validate Caterpillar's prevailing fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction.
Check Caterpillar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Caterpillar main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.9 B, Interest Expense of 454 M or Selling General Administrative of 3.8 B, as well as many exotic indicators such as Short Term Coverage Ratios of 1.0, Price Earnings Ratio of 15.34 or Price To Sales Ratio of 2.36. Caterpillar financial statements analysis is a perfect complement when working with Caterpillar Valuation or Volatility modules.
  
This module can also supplement Caterpillar's financial leverage analysis and stock options assessment as well as various Caterpillar Technical models . Check out the analysis of Caterpillar Correlation against competitors.
For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.

Caterpillar Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets50.5 B87.5 B74.3 B
Pretty Stable
Short and Long Term Debt Total23.8 B38.5 B34.1 B
Pretty Stable
Other Current Liabilities11.9 B11.3 BB
Slightly volatile
Total Current Liabilities17.8 B34.7 B25.9 B
Slightly volatile
Total Stockholder Equity20.5 B19.5 B15.3 B
Slightly volatile
Property Plant And Equipment Net9.1 B13.2 B12.1 B
Pretty Stable
Net Debt20.6 B31.5 B27.7 B
Pretty Stable
Retained Earnings53.8 B51.2 B32.9 B
Slightly volatile
Cash7.3 BB6.7 B
Slightly volatile
Non Current Assets Total26.5 B40.5 B38.4 B
Very volatile
Non Currrent Assets Other788.5 M830 MB
Slightly volatile
Cash And Short Term Investments7.3 BB6.7 B
Slightly volatile
Net Receivables12 B19.1 B15.8 B
Slightly volatile
Common Stock Shares Outstanding569.1 M513.6 M605.3 M
Slightly volatile
Liabilities And Stockholders Equity50.5 B87.5 B74.3 B
Pretty Stable
Non Current Liabilities Total23.1 B33.2 B33.7 B
Pretty Stable
Inventory17.4 B16.6 B12.2 B
Slightly volatile
Other Current Assets4.6 B4.3 B2.6 B
Slightly volatile
Total Liabilities40.8 B68 B59.7 B
Pretty Stable
Property Plant And Equipment Gross30.1 B28.6 B15.6 B
Slightly volatile
Total Current Assets24 B46.9 B35.9 B
Slightly volatile
Short Term Debt7.6 B13.6 B10.7 B
Slightly volatile
Intangible Assets535.8 M564 MB
Slightly volatile
Property Plant EquipmentB13.8 B12.1 B
Pretty Stable
Accounts Payable4.8 B7.9 B6.3 B
Slightly volatile
Common Stock Total Equity4.1 B7.5 B5.2 B
Slightly volatile
Common Stock4.2 B6.4 B5.1 B
Slightly volatile
Other Liabilities9.8 B9.6 B10.7 B
Very volatile
Other Assets4.4 B7.8 B5.1 B
Slightly volatile
Long Term Debt21.9 B24.5 B22.7 B
Slightly volatile
Current Deferred Revenue1.3 B1.9 B1.7 B
Slightly volatile
Good Will4.9 B5.3 B5.9 B
Very volatile
Net Tangible Assets7.5 B11.3 B7.1 B
Slightly volatile
Warrants376.3 M425.7 M463.7 M
Slightly volatile
Noncontrolling Interest In Consolidated Entity18.8 M19.8 M51.2 M
Slightly volatile
Retained Earnings Total Equity34 B50 B33 B
Slightly volatile
Long Term Debt Total24.8 B29.6 B23.6 B
Slightly volatile
Long Term Investments10.3 B14.6 B10.5 B
Slightly volatile
Non Current Liabilities Other9.3 B4.7 B11.3 B
Slightly volatile
Short and Long Term Debt10 B13.4 B6.8 B
Slightly volatile
Cash And EquivalentsB8.1 B7.8 B
Slightly volatile
Net Invested Capital39.4 B57.4 B48.1 B
Pretty Stable
Net Working Capital13.2 B12.2 B10.8 B
Slightly volatile
Capital Stock6.8 B6.4 B6.1 B
Slightly volatile

Caterpillar Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization1.9 B2.1 B2.8 B
Pretty Stable
Selling General Administrative3.8 B6.4 BB
Pretty Stable
Total Revenue35.3 B67.1 B49.2 B
Pretty Stable
Gross Profit24.6 B23.5 B15.2 B
Slightly volatile
Other Operating Expenses31.2 B53.2 B43 B
Pretty Stable
Operating Income14.5 B13.8 B6.7 B
Slightly volatile
EBIT14.5 B13.8 B6.8 B
Slightly volatile
EBITDA16.8 B16 B9.6 B
Slightly volatile
Cost Of Revenue25.3 B43.6 B35 B
Pretty Stable
Total Operating Expenses5.9 B9.6 BB
Pretty Stable
Income Before Tax13.7 B13.1 B6.4 B
Slightly volatile
Income Tax Expense2.9 B2.8 B1.7 B
Slightly volatile
Research Development1.6 B2.1 B1.8 B
Very volatile
Non Recurring723.8 M1.1 B763.8 M
Slightly volatile
Tax Provision1.9 B2.8 B1.5 B
Slightly volatile
Interest Income497 M494 M479.9 M
Slightly volatile
Reconciled DepreciationB2.1 B2.6 B
Slightly volatile

Caterpillar Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow7.4 BB6.5 B
Slightly volatile
Depreciation1.9 B2.1 B2.5 B
Very volatile
Capital Expenditures2.4 B3.1 BB
Slightly volatile
Total Cash From Operating Activities13.5 B12.9 B7.4 B
Slightly volatile
End Period Cash Flow3.5 BB6.4 B
Slightly volatile
Issuance Of Capital Stock11.4 M12 M232.9 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.362.25131.6337
Slightly volatile
Dividend Yield0.01780.0170.0233
Very volatile
Operating Cycle172242236
Very volatile
Price Book Value Ratio8.137.74445.6047
Slightly volatile
Days Of Payables Outstanding74.1666.174965.9107
Slightly volatile
Pretax Profit Margin0.20.19460.1176
Slightly volatile
Inventory Turnover4.62.63253.2709
Pretty Stable
Ebt Per Ebit0.50.94390.8919
Very volatile
Payables Turnover4.545.51575.6178
Slightly volatile
Operating Profit Margin0.220.20620.1224
Slightly volatile
Effective Tax Rate0.230.21310.3607
Pretty Stable
Company Equity Multiplier4.114.48735.1856
Slightly volatile
Long Term Debt To Capitalization0.460.55660.6131
Slightly volatile
Cash Per Share18.2617.387412.3227
Slightly volatile
Total Debt To Capitalization0.540.66110.6968
Slightly volatile
Interest Coverage28.4127.056813.6125
Slightly volatile
Return On Capital Employed0.280.26210.1322
Slightly volatile
Debt Equity Ratio1.91.95062.4188
Slightly volatile
Ebit Per Revenue0.220.20620.1224
Slightly volatile
Quick Ratio0.690.80470.8574
Very volatile
Cash Ratio0.10.20090.2279
Slightly volatile
Cash Conversion Cycle123176172
Very volatile
Days Of Inventory Outstanding74.27139115
Slightly volatile
Days Of Sales Outstanding97.29104121
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.80.760.6295
Very volatile
Price To Book Ratio8.137.74445.6047
Slightly volatile
Current Ratio1.521.35191.3857
Slightly volatile
Fixed Asset Turnover2.95.06653.7363
Pretty Stable
Enterprise Value Multiple9.3111.424112.347
Very volatile
Debt Ratio0.350.43470.4581
Slightly volatile
Price Sales Ratio2.362.25131.6337
Slightly volatile
Receivables Turnover3.443.51733.053
Pretty Stable
Asset Turnover0.860.76660.6717
Pretty Stable
Gross Profit Margin0.220.34970.2814
Slightly volatile
Price Fair Value8.137.74445.6047
Slightly volatile

Caterpillar Fundamental Market Drivers

Forward Price Earnings16.7785
Cash And Short Term InvestmentsB

Caterpillar Upcoming Events

25th of April 2024
Upcoming Quarterly Report
View
6th of August 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
3rd of February 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Caterpillar Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Caterpillar income statement, its balance sheet, and the statement of cash flows. Caterpillar investors use historical funamental indicators, such as Caterpillar's revenue or net income, to determine how well the company is positioned to perform in the future. Although Caterpillar investors may use each financial statement separately, they are all related. The changes in Caterpillar's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Caterpillar's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Caterpillar Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Caterpillar. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue1.9 B1.3 B
Total Revenue67.1 B35.3 B
Cost Of Revenue43.6 B25.3 B
Ebit Per Revenue 0.21  0.22 

Pair Trading with Caterpillar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Caterpillar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Caterpillar will appreciate offsetting losses from the drop in the long position's value.

Moving against Caterpillar Stock

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The ability to find closely correlated positions to Caterpillar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caterpillar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caterpillar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caterpillar to buy it.
The correlation of Caterpillar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caterpillar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caterpillar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Caterpillar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Caterpillar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Caterpillar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Caterpillar Stock. Highlighted below are key reports to facilitate an investment decision about Caterpillar Stock:
Check out the analysis of Caterpillar Correlation against competitors.
For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.
Note that the Caterpillar information on this page should be used as a complementary analysis to other Caterpillar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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Is Caterpillar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Caterpillar. If investors know Caterpillar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Caterpillar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.893
Dividend Share
5.1
Earnings Share
20.14
Revenue Per Share
131.336
Quarterly Revenue Growth
0.029
The market value of Caterpillar is measured differently than its book value, which is the value of Caterpillar that is recorded on the company's balance sheet. Investors also form their own opinion of Caterpillar's value that differs from its market value or its book value, called intrinsic value, which is Caterpillar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Caterpillar's market value can be influenced by many factors that don't directly affect Caterpillar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Caterpillar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caterpillar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caterpillar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.