Caterpillar’s 2024 profile combines $64.809 billion in consolidated sales and revenues, a 112,900-person full-time workforce, and a dealer network serving 187 countries. The figures below distinguish fiscal-year results, year-end counts, company estimates, and forward-looking targets.
Key Caterpillar Statistics
The most useful high-level Caterpillar statistics are:
- In fiscal 2024, Caterpillar reported $64.809 billion in consolidated sales and revenues worldwide.
- In fiscal 2024, Caterpillar reported $10.792 billion in profit for its consolidated business.
- In fiscal 2024, profit per share was $22.05 for Caterpillar’s consolidated company, compared with $20.12 in 2023.
- In fiscal 2024, enterprise operating cash flow was $12.0 billion for Caterpillar consolidated.
- On December 31, 2024, enterprise cash was $6.9 billion for Caterpillar consolidated.
- In fiscal 2024, Machinery, Energy & Transportation sales were $61.363 billion for Caterpillar’s operating businesses.
- In fiscal 2024, Energy & Transportation sales and revenues were $28.854 billion, the segment’s reported total.
- In fiscal 2024, North America sales and revenues were $34.397 billion in Caterpillar’s consolidated regional reporting.
- In fiscal 2024, EAME sales and revenues were $12.316 billion across Europe, Africa and the Middle East.
- On December 31, 2024, Caterpillar had 112,900 full-time employees globally.
- On December 31, 2024, 61,400 full-time employees were outside the United States.
- In the 2024 filing, Caterpillar’s dealer network served 187 countries.
- On December 31, 2024, firm order backlog was approximately $30.0 billion, a company estimate rather than a guarantee of future revenue.
- On December 31, 2024, $15.2 billion of long-duration contract performance obligations remained unsatisfied, excluding contracts originally lasting one year or less.
- Over the 20 years through 2024, Caterpillar reported more than $30 billion invested in research and development globally.
- In 2024, 100% of new products were assessed by Caterpillar as more sustainable than previous generations under its sustainability-report framework.
- From 2018 through 2024, sales from remanufactured offerings increased 42% according to Caterpillar’s sustainability reporting.
- In 2024, the Caterpillar Foundation contributed $43.3 million to global communities.
Contents
- Caterpillar revenue, profit and cash-flow trends
- Caterpillar sales by business segment
- Caterpillar geographic sales statistics
- Caterpillar workforce and operating footprint
- Caterpillar backlog, dealers and customer demand
- Caterpillar sustainability, remanufacturing and safety data
Caterpillar Revenue, Profit and Cash-Flow Trends
Caterpillar’s consolidated sales and revenues reached $64.809 billion in fiscal 2024, down $2.251 billion, or 3%, from 2023. The comparable totals were $67.060 billion in 2023 and $59.427 billion in 2022, all fiscal-year figures for Caterpillar consolidated.
| Fiscal year | Total sales and revenues | Geography and definition |
|---|---|---|
| 2024 | $64.809 billion | Caterpillar consolidated |
| 2023 | $67.060 billion | Caterpillar consolidated |
| 2022 | $59.427 billion | Caterpillar consolidated |
Source: Caterpillar Inc. Form 10-K for the fiscal year ended December 31, 2024. Dollar amounts are expressed in billions here where labeled; the filing generally reports amounts in millions.
Profit was $10.792 billion in 2024 and $10.335 billion in 2023. Reported profit per share was $22.05 in 2024 versus $20.12 in 2023; this is a reported diluted profit-per-share measure, not an adjusted figure.
Caterpillar also reported $12.0 billion of enterprise operating cash flow in fiscal 2024 and $6.9 billion of enterprise cash at December 31, 2024. These are company-defined enterprise measures, with cash measured at year-end rather than across the fiscal year.
Cost and investment measures add operating context:
- Cost of goods sold was $40.199 billion in fiscal 2024 for Caterpillar consolidated.
- Research and development expense was $2.107 billion in fiscal 2024 for Caterpillar consolidated.
Caterpillar Sales Statistics by Business Segment
Caterpillar’s 2024 segment data shows different directions across its operating businesses. Segment totals include inter-segment sales where the filing’s limitations specify that treatment, so they should not be added mechanically to the consolidated total.
| Segment | 2024 sales and revenues | 2024 change from 2023 |
|---|---|---|
| Construction Industries | $25.455 billion | Down 7% |
| Resource Industries | $12.389 billion | Down 9% |
| Energy & Transportation | $28.854 billion | Up 3% |
| Financial Products | $4.053 billion | Up $268 million, or 7% |
Source: Caterpillar Inc. Form 10-K for the fiscal year ended December 31, 2024. The Financial Products figure is segment revenue before corporate eliminations.
Construction Industries generated $25.455 billion in fiscal 2024 sales and revenues, down 7% from 2023. Resource Industries generated $12.389 billion, down 9%, while Energy & Transportation generated $28.854 billion, up 3%.
The broader Machinery, Energy & Transportation grouping reported $61.363 billion in 2024 sales, excluding Financial Products revenues. Financial Products segment profit was $932 million in 2024, and its revenue increased $268 million, or 7%, from 2023.
Energy & Transportation’s profit as a percentage of sales was 19.9% in 2024, compared with 17.6% in 2023. These are company segment profitability ratios for the named fiscal years.
Caterpillar Geographic Sales Statistics and Regional Trends
Caterpillar reported four broad regional sales groupings for fiscal 2024. North America was the largest reported region at $34.397 billion, while EAME means Europe, Africa and the Middle East in the filing.
| Region | 2024 sales and revenues | 2024 change from 2023 |
|---|---|---|
| North America | $34.397 billion | Down 1% |
| Latin America | $6.708 billion | Up 1% |
| EAME | $12.316 billion | Down 10% |
| Asia/Pacific | $11.388 billion | Down 6% |
Source: Caterpillar Inc. Form 10-K for the fiscal year ended December 31, 2024. EAME is the filing’s regional grouping.
Based on the filing’s regional and consolidated totals, North America represented about 53.1% of 2024 consolidated sales and revenues, while Latin America represented about 10.4%. These percentages are derived ratios, not company-reported shares.
The regional changes indicate a relatively small 1% decline in North America and a 1% increase in Latin America, alongside larger declines in EAME and Asia/Pacific. They describe year-over-year reported sales movement, not equipment adoption or end-user demand by country.
Caterpillar Workforce and Global Operating Footprint
At December 31, 2024, Caterpillar had 112,900 full-time employees globally: 51,500 inside the United States and 61,400 outside the United States. The annual-report figures are year-end full-time employees and exclude non-full-time categories, contractors and dealer personnel.
| Workforce grouping | Full-time employees at Dec. 31, 2024 |
|---|---|
| Global | 112,900 |
| United States | 51,500 |
| Outside United States | 61,400 |
| North America | 52,000 |
| EAME | 15,900 |
| Latin America | 19,700 |
| Asia/Pacific | 25,300 |
Source: 2024 Annual Report. Regional workforce groupings and country-based totals are reported measures with different geographic labels.
Additional participation and labor figures clarify the workforce scope:
- At year-end 2024, 7,386 U.S. hourly production employees were covered by collective bargaining agreements; this does not represent all U.S. employees.
- Approximately 16,000 non-U.S. employees actively participated in employee stock-purchase plans at year-end 2024, across 38 plans.
Caterpillar’s 2024 filing listed 41 dealers in the United States and 111 outside the United States. The dealer network served 187 countries, while Perkins Engines used 88 distributors covering 185 countries and FG Wilson electric power generation systems used 108 distributors covering 158 countries; those are distinct networks, not one combined dealer count.
Caterpillar Backlog, Dealers and Customer-Demand Statistics
Firm order backlog was approximately $30.0 billion at December 31, 2024, compared with approximately $27.5 billion at December 31, 2023. Caterpillar described these as believed-firm backlog estimates, and backlog is not a guarantee of future revenue.
About $8.0 billion of the year-end 2024 backlog was not expected to be filled in 2025. That timing is management’s expectation, not an observed shipment total or a promise of revenue recognition.
Dealer inventory moved differently across the two years:
- Total dealer inventory increased about $400 million during 2024, compared with an increase of about $2.1 billion during 2023.
- Machine dealer inventory decreased about $700 million during 2024, compared with an increase of about $700 million during 2023.
At December 31, 2024, unsatisfied performance obligations on contracts originally longer than one year totaled $15.2 billion. About one-half was expected to be completed and recognized as revenue in the following 12 months; contracts originally lasting one year or less are excluded from this disclosure.
Source for backlog, inventory and contract measures: Caterpillar Inc. Form 10-K for the fiscal year ended December 31, 2024.
Caterpillar Sustainability, Remanufacturing and Safety Data
Caterpillar reported more than $30 billion invested in research and development over the 20 years through 2024. This is a cumulative company statement, while the separate $2.107 billion figure above is reported R&D expense for fiscal 2024.
The 2024 Sustainability Report said 100% of new products in 2024 were more sustainable than previous generations. “More sustainable” follows the company’s report framework, so the statement does not by itself quantify product-level emissions or customer outcomes.
Sales from remanufactured offerings increased 42% from 2018 through 2024. Caterpillar did not state the absolute sales base in that claim, so the percentage should be read as a company-reported change rather than a dollar total.
Other reported sustainability and community measures include:
- The Caterpillar Foundation contributed $43.3 million to global communities in 2024; this is a contribution measure, not a total social-impact valuation.
- Caterpillar’s 2030 goal is to reduce absolute Scope 1 and Scope 2 greenhouse-gas emissions from operations by 30% from the 2018 baseline.
The 2030 emissions figure is a forward-looking corporate target, not achieved performance. The sustainability report uses company-defined sustainability and remanufacturing measures, so these disclosures should not be extended into unsupported claims about product-level emissions, safety outcomes or customer savings.
Source: 2024 Sustainability Report.