Caterpillar Past Earnings Performance
Past criteria checks 5/6
Caterpillar has been growing earnings at an average annual rate of 15.1%, while the Machinery industry saw earnings growing at 7.4% annually. Revenues have been growing at an average rate of 6% per year. Caterpillar's return on equity is 63.7%, and it has net margins of 16.8%.
Key information
15.1%
Earnings growth rate
18.0%
EPS growth rate
| Machinery Industry Growth | 8.8% |
| Revenue growth rate | 6.0% |
| Return on equity | 63.7% |
| Net Margin | 16.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Caterpillar Inc. Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next
Apr 27
Caterpillar: Market Leading Compounder With Limited Valuation Upside
Apr 15We Ran A Stock Scan For Earnings Growth And Caterpillar (NYSE:CAT) Passed With Ease
Apr 06The Trend Of High Returns At Caterpillar (NYSE:CAT) Has Us Very Interested
Mar 26Is Caterpillar Inc. (NYSE:CAT) Trading At A 35% Discount?
Mar 15Caterpillar: Delivered Impressive 2023 Earnings, The Stock Is Priced To Perfection
Mar 14The Caterpillar Inc. (NYSE:CAT) Full-Year Results Are Out And Analysts Have Published New Forecasts
Feb 20Caterpillar: Why The Stock Has Upside Potential From Current Levels
Feb 11Is Caterpillar (NYSE:CAT) A Risky Investment?
Feb 05Caterpillar Q4 Earnings Report: What Investors Need To Know
Feb 02Is Now The Time To Look At Buying Caterpillar Inc. (NYSE:CAT)?
Jan 24Caterpillar Could Fly Higher If Cyclical And Secular Tailwinds Align
Jan 09Investor Optimism Abounds Caterpillar Inc. (NYSE:CAT) But Growth Is Lacking
Dec 19Caterpillar: Low Dividend Yield, But Still A Solid Pillar For Portfolio Construction
Dec 19Caterpillar: Solid Q3 And Strong Fundamentals Make It A Buy
Dec 07Do Caterpillar's (NYSE:CAT) Earnings Warrant Your Attention?
Dec 07Dividend Brilliance And Economic Risks - An Important Message For Caterpillar Investors
Nov 18Is Caterpillar Inc. (NYSE:CAT) Worth US$248 Based On Its Intrinsic Value?
Nov 15These 4 Measures Indicate That Caterpillar (NYSE:CAT) Is Using Debt Reasonably Well
Nov 04One CAT(Erpillar) And Two Kittens
Oct 19Caterpillar (NYSE:CAT) Is Investing Its Capital With Increasing Efficiency
Oct 13Caterpillar: Making Itself Indispensable To Its Customers
Oct 02At US$280, Is It Time To Put Caterpillar Inc. (NYSE:CAT) On Your Watch List?
Sep 20Caterpillar: Beware The Dip
Sep 11Caterpillar Goes Boom! Now What?
Sep 01Does Caterpillar (NYSE:CAT) Deserve A Spot On Your Watchlist?
Aug 27Caterpillar: A Buy After Hitting Record Highs
Aug 14Is Caterpillar (NYSE:CAT) A Risky Investment?
Aug 05Caterpillar: Tailwinds, Headwinds, And Q2 Earnings
Jul 28Caterpillar (NYSE:CAT) Could Become A Multi-Bagger
Jul 13Caterpillar: Set To Maintain Margins And Continue EPS Growth
Jun 27Caterpillar (NYSE:CAT) Is Paying Out A Larger Dividend Than Last Year
Jun 20Caterpillar: A Surprising Strength You Shouldn't Overlook
Jun 20Estimating The Fair Value Of Caterpillar Inc. (NYSE:CAT)
Jun 14Is There Now An Opportunity In Caterpillar Inc. (NYSE:CAT)?
Jun 03Caterpillar's Potential Shareholder Value Is Nothing Short Of Impressive
May 25Here's Why We Think Caterpillar (NYSE:CAT) Might Deserve Your Attention Today
May 12Caterpillar (NYSE:CAT) Seems To Use Debt Quite Sensibly
May 01There's Been No Shortage Of Growth Recently For Caterpillar's (NYSE:CAT) Returns On Capital
Mar 13Caterpillar Inc. (NYSE:CAT) Shares Could Be 22% Above Their Intrinsic Value Estimate
Feb 21Is Caterpillar Inc. (NYSE:CAT) Potentially Undervalued?
Feb 07Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Caterpillar makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 66,997 | 11,248 | 5,714 | 2,156 |
| 31 Dec 23 | 67,060 | 10,335 | 5,620 | 2,108 |
| 30 Sep 23 | 66,587 | 9,113 | 4,759 | 1,955 |
| 30 Jun 23 | 64,771 | 8,360 | 4,527 | 1,877 |
| 31 Mar 23 | 61,700 | 7,111 | 4,322 | 1,829 |
| 31 Dec 22 | 59,427 | 6,705 | 4,111 | 1,814 |
| 30 Sep 22 | 56,628 | 7,371 | 3,802 | 1,852 |
| 30 Jun 22 | 54,031 | 6,756 | 3,633 | 1,803 |
| 31 Mar 22 | 52,673 | 6,496 | 3,535 | 1,769 |
| 31 Dec 21 | 50,971 | 6,489 | 3,432 | 1,686 |
| 30 Sep 21 | 48,408 | 5,149 | 4,470 | 1,621 |
| 30 Jun 21 | 45,892 | 4,391 | 4,297 | 1,538 |
| 31 Mar 21 | 43,000 | 3,436 | 4,101 | 1,433 |
| 31 Dec 20 | 41,748 | 2,998 | 3,957 | 1,415 |
| 30 Sep 20 | 43,657 | 3,316 | 4,169 | 1,427 |
| 30 Jun 20 | 46,534 | 4,142 | 4,377 | 1,514 |
| 31 Mar 20 | 50,969 | 5,304 | 4,555 | 1,614 |
| 31 Dec 19 | 53,800 | 6,093 | 4,796 | 1,693 |
| 30 Sep 19 | 54,998 | 6,043 | 4,870 | 1,773 |
| 30 Jun 19 | 55,750 | 6,276 | 4,851 | 1,821 |
| 31 Mar 19 | 55,329 | 6,363 | 4,906 | 1,842 |
| 31 Dec 18 | 54,722 | 6,147 | 4,806 | 1,850 |
| 30 Sep 18 | 53,276 | 3,800 | 4,421 | 1,882 |
| 30 Jun 18 | 51,179 | 3,132 | 4,457 | 1,864 |
| 31 Mar 18 | 48,499 | 2,227 | 4,491 | 1,860 |
| 31 Dec 17 | 45,462 | 754 | 4,425 | 1,842 |
| 30 Sep 17 | 42,140 | 882 | 4,515 | 1,866 |
| 30 Jun 17 | 39,887 | 106 | 4,288 | 1,858 |
| 31 Mar 17 | 38,898 | -146 | 4,099 | 1,868 |
| 31 Dec 16 | 38,537 | -67 | 4,476 | 1,853 |
| 30 Sep 16 | 39,993 | 1,010 | 3,890 | 2,001 |
| 30 Jun 16 | 41,795 | 1,286 | 4,026 | 2,061 |
| 31 Mar 16 | 43,770 | 1,538 | 4,196 | 2,103 |
| 31 Dec 15 | 47,011 | 2,512 | 4,363 | 2,119 |
| 30 Sep 15 | 50,225 | 3,363 | 4,616 | 2,125 |
| 30 Jun 15 | 52,812 | 3,821 | 4,900 | 2,145 |
| 31 Mar 15 | 54,645 | 4,018 | 5,032 | 2,151 |
| 31 Dec 14 | 55,184 | 2,452 | 5,894 | 2,380 |
| 30 Sep 14 | 55,342 | 3,941 | 4,984 | 2,024 |
| 30 Jun 14 | 55,216 | 3,870 | 4,873 | 1,960 |
| 31 Mar 14 | 55,687 | 3,831 | 4,866 | 1,992 |
| 31 Dec 13 | 55,656 | 3,789 | 4,981 | 2,046 |
| 30 Sep 13 | 57,329 | 3,483 | 5,098 | 2,192 |
| 30 Jun 13 | 60,351 | 4,236 | 5,253 | 2,357 |
Quality Earnings: CAT has high quality earnings.
Growing Profit Margin: CAT's current net profit margins (16.8%) are higher than last year (11.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CAT's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: CAT's earnings growth over the past year (58.2%) exceeds its 5-year average (15.1% per year).
Earnings vs Industry: CAT earnings growth over the past year (58.2%) exceeded the Machinery industry 13.8%.
Return on Equity
High ROE: Whilst CAT's Return on Equity (63.72%) is outstanding, this metric is skewed due to their high level of debt.