Caterpillar Q4 2025: sales up 18% to $19.1 billion, record backlog

Caterpillar reported fourth-quarter 2025 sales and revenues of $19.1 billion, up 18% from $16.2 billion a year earlier. Profit per share was $5.12 against $5.78, and adjusted profit per share was $5.16 against $5.14. Full-year 2025 sales and revenues rose 4% to $67.6 billion, while full-year profit per share fell to $18.81 from $22.05, and the company described a record backlog.

• Q4 2025 sales and revenues: $19.1 billion, up 18% from $16.2 billion
• Q4 2025 profit per share: $5.12 (adjusted $5.16) versus $5.78 (adjusted $5.14)
• Full-year 2025 sales and revenues: $67.6 billion, up 4% from $64.8 billion
• Full-year 2025 profit per share: $18.81 versus $22.05 in 2024; adjusted $19.06
• Company described backlog as a record at year end