Invesaro

Stocks Comparison

Boeing vs Caterpillar: revenue, profit, margins and growth compared

Boeing brought in $89.5B of revenue in fiscal 2025, Caterpillar $67.6B in fiscal 2025. Revenue changed by +34.5% at Boeing and +4.3% at Caterpillar on the year before, so Boeing grew faster. Boeing kept 2.5% of its revenue as net profit, Caterpillar 13.1%. Free cash flow was -$1.9B at Boeing and $8.9B at Caterpillar.

Side by side, latest fiscal year

BACAT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$89.5B$67.6B
Revenue growth+34.5%+4.3%
Net income$2.2B$8.9B
Net margin2.5%13.1%
Free cash flow-$1.9B$8.9B
Free cash flow margin-2.1%13.2%
Earnings per share (diluted)$2.48$18.81
Cash$10.9B$10B
Debt$53.8B$30.7B
Price to earnings79.943.7
Market value$156.5B$377.7B
Dividend yieldn/a0.72%
Rank by revenue in sector#4 of 451 · Industrials#8 of 451 · Industrials

Over the years

Revenue
BA FY2018: $101.1BBA FY2019: $76.6BBA FY2020: $58.2BBA FY2021: $62.3BBA FY2022: $66.6BBA FY2023: $77.8BBA FY2024: $66.5BBA FY2025: $89.5BCAT FY2018: $54.7BCAT FY2019: $53.8BCAT FY2020: $41.7BCAT FY2021: $51BCAT FY2022: $59.4BCAT FY2023: $67.1BCAT FY2024: $64.8BCAT FY2025: $67.6BFY18FY19FY20FY21FY22FY23FY24FY25
BA $89.5BCAT $67.6B
Net income
BA FY2018: $10.5BBA FY2019: -$636MBA FY2020: -$11.9BBA FY2021: -$4.2BBA FY2022: -$4.9BBA FY2023: -$2.2BBA FY2024: -$11.8BBA FY2025: $2.2BCAT FY2018: $6.1BCAT FY2019: $6.1BCAT FY2020: $3BCAT FY2021: $6.5BCAT FY2022: $6.7BCAT FY2023: $10.3BCAT FY2024: $10.8BCAT FY2025: $8.9BFY18FY19FY20FY21FY22FY23FY24FY25
BA $2.2BCAT $8.9B
Net margin
BA FY2018: 10.3%BA FY2019: -0.8%BA FY2020: -20.4%BA FY2021: -6.7%BA FY2022: -7.4%BA FY2023: -2.9%BA FY2024: -17.8%BA FY2025: 2.5%CAT FY2018: 11.2%CAT FY2019: 11.3%CAT FY2020: 7.2%CAT FY2021: 12.7%CAT FY2022: 11.3%CAT FY2023: 15.4%CAT FY2024: 16.7%CAT FY2025: 13.1%FY18FY19FY20FY21FY22FY23FY24FY25
BA 2.5%CAT 13.1%
Revenue growth
BA FY2019: -24.3%BA FY2020: -24.0%BA FY2021: +7.1%BA FY2022: +6.9%BA FY2023: +16.8%BA FY2024: -14.5%BA FY2025: +34.5%CAT FY2019: -1.7%CAT FY2020: -22.4%CAT FY2021: +22.1%CAT FY2022: +16.6%CAT FY2023: +12.8%CAT FY2024: -3.4%CAT FY2025: +4.3%FY19FY20FY21FY22FY23FY24FY25
BA +34.5%CAT +4.3%
Free cash flow
BA FY2018: $13.6BBA FY2019: -$4.3BBA FY2020: -$19.7BBA FY2021: -$4.4BBA FY2022: $2.3BBA FY2023: $4.4BBA FY2024: -$14.3BBA FY2025: -$1.9BCAT FY2018: $5.3BCAT FY2019: $5.9BCAT FY2020: $5.3BCAT FY2021: $6.1BCAT FY2022: $6.5BCAT FY2023: $11.3BCAT FY2024: $10BCAT FY2025: $8.9BFY18FY19FY20FY21FY22FY23FY24FY25
BA -$1.9BCAT $8.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Boeing and Caterpillar

Which is bigger by revenue, Boeing or Caterpillar?

Boeing is bigger by revenue: $89.5B in fiscal 2025, against $67.6B for Caterpillar in fiscal 2025.

Which keeps more of its revenue as profit, Boeing or Caterpillar?

Boeing had a net margin of 2.5% in fiscal 2025; Caterpillar had 13.1% in fiscal 2025.

Which grew revenue faster, Boeing or Caterpillar?

In their latest fiscal years revenue changed by +34.5% at Boeing and +4.3% at Caterpillar.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies