Reported Q: Q2 2024 Rev YoY: -3.6% EPS YoY: -3.5% Move: -3.58%
Caterpillar Inc
CAT1.DE
€587.30 -3.58%
Exchange XETRA Sector Industrials Industry Agricultural Machinery
Q2 2024
Published: Aug 7, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for CAT1.DE

Reported

Report Date

Aug 7, 2024

Quarter Q2 2024

Revenue

16.69B

YoY: -3.6%

EPS

5.48

YoY: -3.5%

Market Move

-3.58%

Previous quarter: Q1 2024

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Earnings Highlights

  • Revenue of $16.69B down 3.6% year-over-year
  • EPS of $5.48 decreased by 3.5% from previous year
  • Gross margin of 37.4%
  • Net income of 2.68B
  • "" -
CAT1.DE
Company CAT1.DE

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Executive Summary

Caterpillar reported Q2 2024 revenue of $16.689 billion, down 3.63% year over year but up 5.63% quarter over quarter. The company posted a gross margin of 37.36% and an operating margin of 22.41%, generating $2.681 billion in net income and basic EPS of $5.50 (diluted $5.48). Operating cash flow came in at $3.021 billion, with free cash flow of $2.302 billion, underscoring strong cash-generation even as demand remains uneven across end-markets. Management continued to deploy capital through a material share repurchase of $1.82 billion and a quarterly dividend of $0.635 billion, highlighting a disciplined capital-allocation framework despite a high overall leverage profile. The balance sheet shows total assets of $83.336 billion and total liabilities of $66.200 billion, with net debt of $32.97 billion and a debt-to-capitalization ratio of 0.685, signaling steady liquidity but continued leverage driven by cyclicality in the equipment market. In sum, Caterpillar demonstrates resilient profitability and robust cash generation in a mixed demand environment, supported by price realization and productivity gains, while maintaining a watchful eye on cyclicality and balance-sheet leverage.

Key Performance Indicators

Revenue
Decreasing
16.69B
QoQ: 5.63% | YoY: -3.63%
Gross Profit
Increasing
6.24B
37.36% margin
QoQ: 6.09% | YoY: 3.78%
Operating Income
Increasing
3.74B
QoQ: 6.46% | YoY: 2.41%
Net Income
Decreasing
2.68B
QoQ: -6.13% | YoY: -8.25%
EPS
Decreasing
5.50
QoQ: -4.84% | YoY: -3.51%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 14,249.00 4.20 -9.8% View
Q4 2024 16,215.00 5.73 -5.0% View
Q3 2024 16,106.00 5.06 -4.2% View
Q2 2024 16,689.00 5.48 -3.6% View
Q1 2024 15,799.00 5.75 -0.4% View