NYSE$CAT
Caterpillar · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Caterpillar reported Q1 2025 sales and revenues of $14.2B with profit of $2.0B and diluted EPS of $4.20.
Total sales and revenues fell 10% to $14.2 billion as lower volume and unfavorable price realization weighed on Machinery, Energy & Transportation. Profit of consolidated companies was $2.0 billion versus $2.9 billion a year ago; diluted EPS was $4.20. Dealer inventory changes and softer end-market demand drove the year-over-year decline.
- Q1 sales and revenues $14.2B (-10% YoY).
- Profit of consolidated companies $2.0B; diluted EPS $4.20.
- Volume and price realization pressured all three primary segments.
- Management expects Q2 2025 sales similar to Q2 2024 with mixed segment trends.
Headline financials
Revenue & EPS history
Caterpillar · Revenue · Quarterly
$14.2B
Revenue by segment
Caterpillar · $18.2B total across 4 segments · Q3 2023
- Construction Industries$7B+11.5%38.5%
- Power & Energy$6.86B+10.9%37.7%
- Resource Industries$3.35B+8.6%18.4%
- Financial Products$979M+19.5%5.4%
Forward guidance
Industrial outlook ties to end-market demand, pricing, and project backlog.
Tailwinds
- Infrastructure and data-center related demand in select end markets.
- Cost discipline and productivity initiatives.
Headwinds
- Dealer inventory and macro uncertainty may pressure volumes.
- Input costs and FX can affect margins.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
-0.4%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.2%
Avg return
30 days after
47%
34 / 73 earnings
Positive
+11.6%
Q3 2025
Best reaction
-12.7%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | +11.7% | +7.8% | |
| Q4 2025 | +2.8% | +9.3% | +15.5% | |
| Q3 2025 | +11.6% | +8.8% | +9.8% | |
| Q2 2025 | -1.5% | -5.9% | -2.6% | |
| Q1 2025 | +0.6% | +5.1% | +13.2% | |
| Q4 2024 | -4.6% | -8.0% | -12.5% | |
| Q3 2024 | -2.9% | -2.8% | +4.8% | |
| Q2 2024 | +2.8% | +6.8% | +5.3% | |
| Q1 2024 | -5.5% | -8.0% | -4.0% | |
| Q4 2023 | +2.4% | +0.7% | +6.5% | |
| Q3 2023 | -4.3% | -0.6% | +3.5% | |
| Q2 2023 | +8.4% | +4.3% | +6.0% | |
| Q1 2023 | +1.2% | -0.5% | -2.0% | |
| Q4 2022 | -4.6% | -5.3% | -3.6% | |
| Q3 2022 | +11.4% | +10.9% | +19.7% | |
| Q2 2022 | -6.2% | -4.9% | -6.4% | |
| Q1 2022 | -1.6% | -0.2% | +1.5% | |
| Q4 2021 | -5.0% | -3.4% | -11.8% | |
| Q3 2021 | +4.0% | +5.6% | +1.3% | |
| Q2 2021 | -3.5% | -3.8% | +0.1% | |
| Q1 2021 | -1.8% | +0.5% | +3.8% | |
| Q4 2020 | +0.2% | +3.9% | +17.1% | |
| Q3 2020 | -7.4% | -3.8% | +7.0% | |
| Q2 2020 | -3.6% | -1.3% | +5.0% | |
| Q1 2020 | +4.2% | -3.7% | +4.8% | |
| Q4 2019 | -4.1% | +1.5% | -8.2% | |
| Q3 2019 | +0.1% | +4.8% | +7.6% | |
| Q2 2019 | -2.5% | -2.6% | -17.4% | |
| Q1 2019 | -4.2% | -2.1% | -13.5% | |
| Q4 2018 | -7.5% | -4.3% | +2.0% | |
| Q3 2018 | -12.7% | -10.6% | -3.8% | |
| Q2 2018 | +0.9% | -2.8% | -0.5% | |
| Q1 2018 | -5.7% | -6.0% | +2.4% | |
| Q4 2017 | -0.8% | -2.7% | -3.5% | |
| Q3 2017 | +3.9% | +4.7% | +4.8% | |
| Q2 2017 | +4.9% | +5.5% | +6.1% | |
| Q1 2017 | +8.1% | +5.6% | +8.5% | |
| Q4 2016 | +0.9% | -2.5% | -2.7% | |
| Q3 2016 | -2.2% | -2.5% | +11.9% | |
| Q2 2016 | +6.9% | +5.2% | +5.3% | |
| Q1 2016 | -2.4% | — | — | |
| Q4 2015 | +6.7% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | -4.6% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | -7.0% | — | — | |
| Q3 2014 | +5.1% | — | — | |
| Q2 2014 | -3.3% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | +7.3% | — | — | |
| Q3 2013 | -5.2% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | +4.6% | — | — | |
| Q4 2012 | +3.2% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | -3.7% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | -1.0% | — | — | |
| Q2 2011 | -5.5% | — | — | |
| Q1 2011 | +2.3% | — | — | |
| Q4 2008 | -5.5% | — | — | |
| Q4 2010 | -5.5% | — | — | |
| Q3 2010 | +4.6% | — | — | |
| Q2 2010 | +1.9% | — | — | |
| Q1 2010 | -2.0% | — | — | |
| Q1 2009 | -2.0% | — | — | |
| Q4 2009 | +0.4% | — | — | |
| Q4 2007 | +0.4% | — | — | |
| Q3 2008 | -3.1% | — | — | |
| Q3 2009 | -3.1% | — | — | |
| Q2 2008 | +1.9% | — | — | |
| Q2 2009 | +1.9% | — | — |
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