Key Takeaways Caterpillar reported Q4 2025 EPS of $5.16, up 0.4%, ending five straight quarters of declines.CAT faced 29% higher costs in Q4 2025, with tariffs hitting margins and gross margin down to 30.3%.Caterpillar sees 2026 revenue near the top of 5-7% CAGR but expects $2.6B tariff impact.Caterpillar Inc. (CAT) delivered fourth-quarter 2025 adjusted earnings per share of $5.16, reflecting a 0.4% year-over-year increase. While the growth was modest, it marked a turnaround for the global construction and ...

来源：经济观察网 以上内容基于公开资料整理，不构成投资建议。 经济观察网 卡特彼勒（CAT.US）近期已公布2025年第四季度和全年业绩。根据2026年2月2日的报道， 卡特彼勒于2026年1月29日公布了2025年第四季度销售和收入为191亿美元，全年销售和收入为676亿美 元，全年每股盈利为18.81美元。公司首席执行官康益桥表示，凭借创纪录的订单储备，公司以强劲势 头进入新的一年。 业绩经营情况 目前，参考资料中未明确提及卡特彼勒未来的具体事件（如下一季度财报发布日程）。投资者可关注公 司官方公告或财务日历以获取最新动态。 ...

Group 1 - Caterpillar Inc. CEO Joe Creed and Group President Rod Shurman will participate in a fireside chat at CONEXPO in Las Vegas on March 5, 2026 [1] - The event will be hosted by Steve Volkmann of Jefferies and will start at approximately 8:00 a.m. PST [1] - A real-time video webcast will be available to the public, and a transcript, audio, and video will be posted on Caterpillar's investor relations website afterward [1] Group 2 - Caterpillar reported sales and revenues of $67.6 billion for the year 2025, establishing itself as a leading manufacturer in construction and mining equipment [1] - The company operates through primary business segments including Power & Energy, Construction Industries, and Resource Industries, focusing on solving customer challenges through advanced technology [1] - Caterpillar is supported by one of the largest independent global dealer networks and financing services through Cat Financial [1]

Core Viewpoint - Caterpillar, Honeywell, and Chevron are the top performers in the Dow Jones for 2026, each showing over 20% year-to-date gains, driven by strong earnings, strategic restructuring, and resilience in the energy market [1] Group 1: Company Performance - Caterpillar (CAT) has a year-to-date return of +31.6%, achieving record revenue of $19.13 billion in Q4 2025, surpassing estimates of $17.8 billion, with adjusted EPS of $5.16 [1] - Honeywell (HON) has a year-to-date return of +23.6%, with Q4 2025 revenue of $9.76 billion, slightly below the estimate of $9.87 billion, but adjusted EPS of $2.59 exceeded the consensus of $2.54 [1] - Chevron (CVX) has a year-to-date return of +21.8%, reporting Q4 2025 revenue of $46.87 billion, beating estimates of $46.7 billion, and adjusted EPS of $1.52 against a consensus of $1.44 [1] Group 2: Strategic Developments - Honeywell is restructuring into three public companies to unlock value, with orders increasing 23% organically and a backlog exceeding $37 billion [1] - Chevron's record production increased by 12% year-over-year, supported by the integration of the Hess acquisition, and it generated free cash flow of $5.5 billion, a 26% increase [1] - Caterpillar's Power and Energy segment surged 23% to $9.40 billion, driven by demand for power-generation equipment related to AI data centers [1] Group 3: Financial Metrics - Chevron's operating cash flow rose 24% to $10.8 billion, funding a 4% dividend increase to $1.78 per share and a $12.1 billion share repurchase program [1] - Honeywell's guidance for 2026 includes sales of $38.8 billion to $39.8 billion, adjusted EPS of $10.35 to $10.65, and free cash flow of $5.3 billion to $5.6 billion [1] - Caterpillar's share repurchases and dividends totaled $7.9 billion in 2025, supported by $11.74 billion in operating cash flow [1]

SUBOTICA, Serbia & LUXEMBOURG--(BUSINESS WIRE)--Construction of ElevenEs 1GWh LFP Battery Cell Mega Factory to Begin in February 2026. ...

Goldman has the largest weighting in the Dow, accounting for more than 10% of the index’s value. Its share price is the highest, at more than $900. Its market capitalization of around $270 billion is close to the index’s median of $286 billion. The investment bank was founded in New York City in 1869, but did not become a part of the Dow until 2013.The following is a list of companies that make up the Dow, arranged by stock price from highest to lowest. Stock prices are as of mid-February 2026. For updated ...

Key Takeaways Caterpillar posted record Q4 2025 revenues of $19.1B, up 18%, with EPS returning to growth.CAT guides 2026 revenues near upper 5-7% CAGR, anticipates a $2.6B tariff impact.Deere faces a 2026 net income decline and tariff costs, with earnings estimates trending lower.Caterpillar Inc. (CAT) and Deere & Company (DE) remain two of the most prominent players in the heavy machinery space. Caterpillar, widely recognized for its yellow equipment, caters to diverse end markets such as construction, min ...

Core Viewpoint - Caterpillar is participating in the Barclays Industrial Select Conference, indicating its engagement with investors and stakeholders in the industrial sector [1]. Group 1 - Alex Kapper serves as the Vice President of Investor Relations for Caterpillar, highlighting the company's focus on investor communication [1]. - The company is expected to make forward-looking statements during the conference, which may involve risks and uncertainties that could affect actual results [2]. - Caterpillar's recent SEC filings, including the 10-K report, are referenced for a comprehensive list of risks that may impact the company's performance [2].

Caterpillar (NYSE: CAT) FY Conference Summary Company Overview - **Company**: Caterpillar Inc. (NYSE: CAT) - **Event**: Fireside Chat at the Barclays Industrial Select Conference - **Date**: February 18, 2026 Key Points Financial Performance and Strategy - Caterpillar's strategy focuses on growing absolute Operating Profit After Capital Charge (OPACC) dollars, which correlates highly with free cash flow and total shareholder return [5][6] - Since 2020, Caterpillar has generated a top quartile total shareholder return and increased OPACC dollars by 4.1 times [5] - New Investor Day targets set to grow sales and revenues by 5% to 7% annually until 2030, with a 4% growth achieved last year [6] - Operating margin target range has been adjusted from 10%-22% to 15%-25% [9] - Free cash flow generation has exceeded $9 billion over the last three years, marking Caterpillar as a strong cash generator within the S&P 500 industrials [12][13] Investment and Growth - Caterpillar plans to increase capital expenditures (CapEx) to around $3.5 billion this year, doubling CapEx over the next five years compared to the previous five [11] - Investment in digital and technology, including automation and connectivity, will increase by 2.5 times by 2030 [12] - Services revenue grew modestly to over $24 billion last year, with a target of $30 billion by 2030 [7] Market Segments and Opportunities - Caterpillar operates in three main segments: Construction Industries, Resource Industries, and Power and Energy [17] - The construction industry saw a 5% growth in sales despite a down market, driven by merchandising programs [6][19] - The demand for energy, particularly gas, is expected to grow, benefiting Caterpillar's Power and Energy segment [17] - Infrastructure spending remains strong, particularly in North America, with ongoing investments from the Infrastructure Investment and Jobs Act (IIJA) [19] Backlog and Orders - Caterpillar reported over $10 billion in backlog growth this quarter, with significant orders in the Power and Energy sector [29] - The AIP project represents about 1 GW of power, slightly smaller than previous large orders, reflecting strong demand for alternative energy solutions [30] Inventory Management - Caterpillar maintains dealer inventories within a normal range of three to four months, focusing on avoiding excess inventory to prevent production issues [41][43] Tariffs and Mitigation Strategies - Caterpillar is a net exporter from the U.S. and is closely monitoring tariff impacts, particularly related to steel and aluminum [45][46] - The company is exploring sourcing changes and maximizing exemptions to mitigate tariff impacts [49] Shareholder Returns - Caterpillar has returned approximately 84% of free cash flow to shareholders through dividends and buybacks, with a 7% dividend growth last year [7][14] - The company has a history of increasing dividends for 32 consecutive years, positioning itself as a dividend aristocrat [13] Conclusion - Caterpillar is focused on driving strong total shareholder returns while investing in profitable growth and maintaining a diverse portfolio to reduce volatility [15][54]

Core Insights - Caterpillar has completed the acquisition of RPMGlobal Holdings, an Australian mining software company, to enhance its data-driven technologies and software solutions for the mining sector [1][2] - The financial details of the acquisition remain undisclosed, but it is seen as a strategic move to address challenges faced by mining customers [1][2] - RPMGlobal will maintain its brand identity and continue to operate under its established name, indicating a commitment to its existing customer base [3] Group 1 - The acquisition is expected to unlock new opportunities for improving mine site performance by integrating RPMGlobal's software capabilities with Caterpillar's equipment and technology solutions [2][4] - RPMGlobal specializes in software solutions throughout the mining value chain, which complements Caterpillar's existing offerings [2][3] - Caterpillar's Resource Industries group president emphasized that this acquisition is a milestone in solving daily challenges faced by mining customers [2] Group 2 - RPMGlobal's CEO expressed confidence that Caterpillar is an ideal partner for their technology offerings, highlighting the complementary nature of both companies [3][4] - The acquisition aligns with Caterpillar's broader strategy, which includes a recent five-year global framework agreement with Vale to focus on productivity, innovation, and carbon reduction initiatives [5]