CAT Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), CAT reported revenue of $17.6B, gross profit of $6.0B (33.8% gross margin), operating income of $3.1B, and net income of $1M (0.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CAT was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
CAT Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $17.6B | 100% |
| Cost of Revenue | −$11.7B | 66.2% |
| Gross Profit | $6.0B | 33.8% |
| Research & Development | −$555M | 3.1% |
| Selling, General & Administrative | −$1.8B | 10.3% |
| Other Operating Expenses | −$190M | 1.1% |
| Operating Income | $3.1B | 17.3% |
| Other Income, net | −$2.2B | 12.6% |
| Income Tax Expense | −$836M | 4.7% |
| Net Income | $1M | 0.0% |
Source: original SEC filing (filed 2025-10-29). Accession 0000018230-25-000043. Data normalized by EarningsFyi.