U.S. COMPANY FILING
CATERPILLAR INC — Form 10-K filed 2026-02-13
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Caterpillar's 2025 sales rose 4% to $67.589B, but operating margin fell to 16.5% from 20.2%, and EPS dropped to $18.81 from $22.05. Order backlog surged to $51.2B. For 2026, the company expects sales growth near the top of its 5-7% CAGR target, with tariff impact of ~$2.6B. Dividend maintained at $1.51 per share, with $14.9B remaining under buyback authorization.
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