Deerfield, Illinois-based Caterpillar (NYSE:CAT) reported financial results for the fourth quarter and full year 2025, achieving record annual revenue driven by robust demand across its global portfolio of construction, resource, and energy equipment.
Fourth-quarter sales totaled $19.1 billion.
Profit per share was $5.12 on a GAAP basis and $5.16 adjusted.
For the full year, sales reached $67.6 billion—the highest in company history—with profit per share of $18.81 GAAP and $19.06 adjusted.
Meanwhile, enterprise operating cash flow reached $11.7 billion for the year.
Caterpillar ended 2025 with $10 billion in enterprise cash and deployed $7.9 billion for share repurchases and dividends, underscoring strong cash generation and commitment to shareholder returns.