Caterpillar (CAT) Q4 2025 (USD): adj. EPS 5.16 (exp. 4.70), Revenue 19.1bln (exp. 17.85bln)

• Guides sales towards the top end of its +5-7% CAGR target range
• Q1 sales seen stronger Y/Y
• Sees FY26 capex at USD 3.5bln

• Asia/Pacific -12% (prev. -16%)
• EAME -7% (prev. +19%)
• Latin America +15% (prev. +8%)
• North America +15% (prev. +9%)
• World +6% (prev. +6%)

Caterpillar's fourth-quarter earnings beat expectations significantly, with adjusted EPS of 5.16 compared to the forecast of 4.70, and revenue also surpassing estimates. This robust performance, coupled with guidance suggesting stronger Q1 sales and a continued commitment to growth targets, indicates positive momentum for the company despite mixed regional retail statistics. Traders should consider the implications for sector sentiment and how this performance might influence broader market dynamics, particularly in construction and mining.