Caterpillar Q1 Revenues Up 22% to $17.4B, EPS $5.54, $5.7B Returned to Shareholders
CAT•Caterpillar first-quarter 2026 revenues rose 22% to $17.4 billion with profit per share of $5.54 as the company returned $5.7 billion to shareholders. Cat Financial posted 10% revenue growth to $947 million, 11% net profit increase to $144 million and 8% higher retail new business at $3.19 billion.
1. Consolidated Q1 Results
Caterpillar delivered $17.4 billion in first-quarter 2026 sales and revenues, up 22% year-over-year, driven by $2.3 billion higher sales volume and favorable price realization of $426 million. Adjusted operating profit margin reached 18.0% and adjusted profit per share increased to $5.54, compared with $4.25 in Q1 2025.
2. Cash Flow and Capital Deployment
Enterprise operating cash flow was $1.9 billion, with ending cash of $4.1 billion. The company deployed $5.0 billion for share repurchases and $0.7 billion for dividends, while a record order backlog underpins future momentum.
3. Cat Financial Performance
Cat Financial recorded first-quarter revenues of $947 million, up 10%, and net profit of $144 million, up 11%. Retail new business volume rose 8% to $3.19 billion, past dues improved to 1.39%, and allowance for credit losses held at 0.86% of receivables.
