Global manufacturer Caterpillar has reported sales and revenues of $17.6bn for the third quarter (Q3) of 2025, which represents a 10% increase from $16.1bn reported in Q3 2024.
The growth was mainly attributed to a rise in sales volume, particularly equipment sold to end users.
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The company reported sales increases across its three primary segments, Construction Industries, Resource Industries and Energy & Transportation and Financial Products.
Construction Industries reported total sales of $6.76bn for the quarter. This marks a $415m, or 7%, increase from $6.345bn in the same quarter of 2024.
The rise in this segment sales was largely driven by a higher sales volume amounting to $568m and positive currency effects totalling $69m, mainly associated with the Euro. These gains were partly offset by “unfavourable price realisation” of $262m.
The company’s operating profit margin for the period was 17.3%, compared to 19.5% in the same quarter of the previous year. Adjusted operating profit margin stood at 17.5%.
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By GlobalDataProfit per share was $4.88, down from $5.06 in the prior-year period. Adjusted profit per share came to $4.95 versus $5.17 reported in Q3 2024.
The profit per share figure for this period reflected an increase in Caterpillar’s estimated global annual effective tax rate to 24% and included a net discrete tax charge during the quarter.
Both adjusted operating profit margin and adjusted profit per share excluded restructuring costs for both Q3 2025 and 2024, noted the company.
Enterprise operating cash flow totalled $3.7bn during this period, with Caterpillar ending the quarter holding $7.5bn in enterprise cash.
Caterpillar CEO Joe Creed said: “Solid performance from our team generated strong results this quarter, driven by resilient demand and focused execution across our three primary segments.
“Our team’s continued discipline in a dynamic environment, coupled with a growing backlog, positions us for sustained momentum and long-term profitable growth.”
Last year, the company recorded sales and revenues of $64.8bn.
