CAT · 10-Q · 2026Q3 · Full report

Segment Profitability

CATERPILLAR INC · 2026-11-04 · Importance 53 · Surprise 48

Third-quarter Power & Energy profit rose 31% to $2.143 billion and its margin increased to 24.4% from 21.9%; Construction Industries profit rose 33% to $1.831 billion and margin increased to 22.9% from 20.4%. Resource Industries third-quarter profit increased 14% to $622 million, but its margin edged down to 13.5% from 13.6%. For the first nine months, Resource Industries profit decreased 2% to $1.693 billion and its margin fell to 13.0% from 15.0%, as $584 million of unfavorable manufacturing costs and $137 million of higher SG&A/R&D expenses outweighed volume and pricing gains.

Key facts

• Construction Industries' nine-month 2026 profit was $5.313 billion, up $1.668 billion or 46% from $3.645 billion in the comparable 2025 period. source
• Power & Energy third-quarter 2026 segment profit was $2.143 billion, up $510 million or 31% from $1.633 billion in third-quarter 2025. source
• For the nine months ended September 30, 2026, Power & Energy profit was $5.620 billion, up $1.145 billion or 26% from $4.475 billion in the comparable 2025 period. source
• Financial Products segment profit was $837 million for the nine months ended September 30, 2026, up $133 million or 19% from $704 million in the comparable 2025 period. source
• Power & Energy segment profit as a percentage of total sales was 24.4% in third-quarter 2026, compared with 21.9% in third-quarter 2025. source
• Construction Industries segment profit as a percentage of total sales was 22.9% in third-quarter 2026, compared with 20.4% in third-quarter 2025. source
• Resource Industries third-quarter 2026 segment profit was $622 million, up $78 million or 14% from $544 million in third-quarter 2025. source
• Power & Energy nine-month 2026 profit growth included $1.4 billion from higher sales volume and $536 million from favorable price realization, partly offset by $657 million of unfavorable manufacturing costs. source