NYSE$CAT
Caterpillar · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Caterpillar's Q4 2022 earnings were released, revealing a 20% increase in sales and revenues and an adjusted profit per share of $3.86.
Caterpillar Inc. reported a strong fourth quarter and full year for 2022. Fourth-quarter sales and revenues increased by 20% to $16.6 billion, with an adjusted profit per share of $3.86. Full-year sales and revenues also saw a significant rise of 17% to $59.4 billion.
- Fourth-quarter sales and revenues increased by 20%.
- Adjusted profit per share for the fourth quarter was $3.86.
- Full-year sales and revenues increased by 17%.
- The company ended the year with a robust enterprise cash balance of $7.0 billion.
Headline financials
Revenue & EPS history
Caterpillar · Revenue · Quarterly
$16.6B
Revenue by segment
Caterpillar · $18B total across 4 segments · Q4 2022
- Construction Industries$6.85B+19.3%38.1%
- Power & Energy$6.82B+19.1%38.0%
- Resource Industries$3.44B+24.4%19.1%
- Financial Products$853M+9.9%4.8%
Forward guidance
This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those described or implied in our forward-looking statements.
Tailwinds
- Ability to develop, produce and market quality products that meet our customers’ needs
- Sourcing practices of our dealers and our OEM customers
- A failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures
- Maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets
- Our Financial Products segment’s risks associated with the financial services industry
Headwinds
- Global and regional economic conditions and economic conditions in the industries we serve
- Commodity price changes, material price increases, fluctuations in demand for our products or significant shortages of material
- Government monetary or fiscal policies
- Political and economic risks, commercial instability and events beyond our control in the countries in which we operate
- International trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates
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 Q4 2022
-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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