Business
Cat Financial Reports Fourth-Quarter and Full-Year 2025 Results
Cat Financial reported fourth-quarter 2025 revenues of $949 million, an increase of $66 million, or 7%, compared with $883 million in the fourth quarter of 2024. The increase in revenues was primarily due to a favorable impact from higher average earning assets of $89 million, partially offset by an unfavorable impact from lower average financing rates of $18 million. Fourth-quarter 2025 profit was $139 million, a decrease of $218 million, or 61%, compared with $357 million in the fourth quarter
About this update from Caterpillar, Inc.
[{"type":"text","content":"Fourth-Quarter 2025 vs. Fourth-Quarter 2024","length":43,"tagName":"p"},{"type":"text","content":"NASHVILLE, Tenn., Jan. 29, 2026 /PRNewswire/ -- Cat Financial reported fourth-quarter 2025 revenues of $949 million, an increase of $66 million, or 7%, compared with $883 million in the fourth quarter of 2024. The increase in revenues was primarily due to a favorable impact from higher average earning assets of $89 million, partially offset by an unfavorable impact from lower average financing rates of $18 million. Fourth-quarter 2025 profit was $139 million, a decrease of $218 million, or 61%, compared with $357 million in the fourth quarter of 2024.","length":557,"tagName":"p"},{"type":"text","content":"Fourth-quarter 2025 profit before income taxes was $193 million, an increase of $53 million, or 38%, compared with $140 million in the fourth quarter of 2024. The increase was mainly due to a favorable impact from higher average earning assets of $34 million and lower provision for credit losses of $19 million.","length":312,"tagName":"p"},{"type":"text","content":"The provision for income taxes was $54 million for the fourth quarter of 2025 compared with a benefit of $217 million for the fourth quarter of 2024. The benefit from income taxes for the fourth quarter of 2024 included a non-cash tax benefit of $224 million from a tax law change related to currency translation.","length":313,"tagName":"p"},{"type":"text","content":"During the fourth quarter of 2025, retail new business volume was $4.07 billion, an increase of $379 million, or 10%, compared with $3.69 billion in the fourth quarter of 2024. The increase was driven by higher volume across all segments.","length":238,"tagName":"p"},{"type":"text","content":"At the end of 2025, past dues were 1.37%, compared with 1.56% at the end of 2024. Write-offs, net of recoveries, were $101 million for 2025, compared with $115 million for 2024. As of December 31, 2025, the allowance for credit losses totaled $284 million, or 0.86% of finance receivables, compared with $267 million, or 0.91% of finance receivables at December 31, 2024.","length":371,"tagName":"p"},{"type":"text","content":"Full-Year 2025 vs. Full-Year 2024","length":33,"tagName":"p"},{"type":"text","content":"Cat Financial reported revenues of $3.63 billion for 2025, an increase of $145 million, or 4%, compared with $3.4...