Caterpillar Says Higher Tariffs Impacted Profit Margins

Caterpillar Inc. (NYSE:CAT) capped its centennial year with record quarterly and full-year revenue on Thursday, as higher equipment sales drove an 18% increase in fourth-quarter sales and pushed annual revenue to a company high. For the fourth quarter of 2025, sales and revenues were $19.133 billion, up 18% from $16.215 billion in the prior-year period. Adjusted profit per share was $5.16, beating a $4.66 estimate, while revenue exceeded a $17.851 billion estimate. Fourth-quarter profit per diluted share ...