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Caterpillar Inc.

CAT · Industrials

Last earnings Mar 26, 2026

Important announcements

Caterpillar Announces Leadership Transition in Resource IndustriesOct 15, 2026

AI analysis

Q4 2025 · reported Mar 26, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

No extracted figures held

The event-summary record for this company carries no extracted figures, so the brief and charts cannot be drawn yet. The summary below and the held documents are the record for this event.

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Weighted-average dividend1.82 %

The following table provides the assumptions used in determining the fair value of the stock options granted during the six months ended June 30, 2026 and 2025: Grant Year 2026 2025 Weighted-average dividend yield 1.82 % 2.13 % Weighted-average volatility 36.1 % 30.5 % Range of volatilities 29.5 % - 34.2 % 26.6 % - 32.6 % Range of risk-free interest rates 3.43 % - 4.03 % 4.13 % - 4.40 % Weighted-average expected lives 7 years 7 years The PRSUs granted in 2026 and 2025 contain a market condition, and a Monte Carlo simulation was utilized to estimate the fair value of the awards.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Caterpillar Inc. Q4 2025 results

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The following table provides the assumptions used in determining the fair value of the stock options granted during the six months ended June 30, 2026 and 2025: Grant Year 2026 2025 Weighted-average dividend yield 1.82 % 2.13 % Weighted-average volatility 36.1 % 30.5 % Range of volatilities 29.5 % - 34.2 % 26.6 % - 32.6 % Range of risk-free interest rates 3.43 % - 4.03 % 4.13 % - 4.40 % Weighted-average expected lives 7 years 7 years The PRSUs granted in 2026 and 2025 contain a market condition, and a Monte Carlo simulation was utilized to estimate the fair value of the awards.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Interest rate risk Interest rate movements create a degree of risk by affecting the amount of our interest payments and the value of our fixed-rate debt.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Our MP&E operations generally use fixed-rate debt as a source of funding.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Financial Products operations has a match-funding policy that addresses interest rate risk by aligning the interest rate profile (fixed or floating rate and duration) of Cat Financial s debt portfolio with the interest rate profile of our receivables portfolio within predetermined ranges on an ongoing basis.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

In connection with that policy, we use interest rate derivative instruments to modify the debt structure to match assets within the receivables portfolio.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

We designate fixed-to-floating interest rate contracts as fair value hedges to protect debt against changes in fair value due to changes in the benchmark interest rate.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Strategy & priorities

14 Table of Contents We formally document all relationships between hedging instruments and hedged items, as well as the risk-management objective and strategy for undertaking various hedge transactions.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Movements in foreign currency rates also affect our competitive position as these changes may affect business practices and/or pricing strategies of non-U.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Risks & headwinds

Legal Proceedings 83 Item 1A.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) on goods imported into the United States were unauthorized.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

During 2025 and until CBP ceased collecting IEEPA tariffs in 2026, the company's total IEEPA tariff costs were approximately $ 1.0 billion.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

For both the three and six months ended June 30, 2026, the company recorded $ 392 million of expected IEEPA tariff recoveries for claims submitted and accepted through the CAPE system.

SEC original ↗Caterpillar Inc. — 10-Q Quarterly report10-QAug 5, 2026

Documents

Earnings deck slides

1 deck with slide view

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Caterpillar Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

CNH Industrial (CNH)“Examples of global competitors include CASE (part of CNH Industrial N.V.), Deere Construction & Forestry (part of Deere & Company), Doosan Bobcat (Part of Doosan Group), Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., Hyundai Doosan Infracore Co., Ltd.”Deere & Company (DE)“Examples of global competitors include CASE (part of CNH Industrial N.V.), Deere Construction & Forestry (part of Deere & Company), Doosan Bobcat (Part of Doosan Group), Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., Hyundai Doosan Infracore Co., Ltd.”Cummins (CMI)“Principal global competitors include Cummins Inc., Deutz AG, Rolls-Royce Power Systems AG and Siemens Energy AG.”GE Vernova (GEV)“Other competitors, such as Volvo Penta AB, FPT Industrial SpA (Iveco Group), INNIO Group, GE Vernova Inc., Kawasaki Heavy Industries Ltd., Everllence SE (formerly MAN Energy Solutions SE), Weichai Power Co., Ltd., and other emerging market competitors compete in certain markets in which Caterpillar competes.”Generac (GNRC)“An additional set of competitors, including Aggreko plc, Generac Holdings Inc., Discovery Energy, LLC (Rehlko, formerly Kohler Energy), Baker Hughes Co., and others, are primarily packagers who source engines and/or other components from domestic and international suppliers and market products regionally and internationally through a variety of distribution channels.”Baker Hughes (BKR)“An additional set of competitors, including Aggreko plc, Generac Holdings Inc., Discovery Energy, LLC (Rehlko, formerly Kohler Energy), Baker Hughes Co., and others, are primarily packagers who source engines and/or other components from domestic and international suppliers and market products regionally and internationally through a variety of distribution channels.”Wabtec (WAB)“In rail-related businesses, our global competitors include Wabtec Corp, Greenbrier Companies, Inc., Voestalpine AG, Vossloh AG, Alstom SA, and Siemens Mobility A/S.”Greenbrier Companies Inc. (GBX)“In rail-related businesses, our global competitors include Wabtec Corp, Greenbrier Companies, Inc., Voestalpine AG, Vossloh AG, Alstom SA, and Siemens Mobility A/S.”

Filings

61 documents

Earnings releases

40 documents

Presentations

25 documents

Transcripts

0 documents

No transcripts for Caterpillar Inc. are held in this edition of the library.

Mentioned by

8 companies

Other tracked companies whose held documents mention Caterpillar Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.