How did Caterpillar's revenue and expenses trend in Q4 2024?

Caterpillar's revenue for Q4 2024 was $61.36 billion, with significant contributions from the Machinery, Energy & Transportation segment ($46.03 billion) and the Construction Industries segment ($25.34 billion). The Energy & Transportation segment also generated $24.09 billion, while the Resource Industries segment contributed $21.21 billion. The Financial Products Segment reported $19.45 billion, and the Construction Industries segment contributed $12.02 billion. The Resource Industries segment accounted for $9.43 billion, and the Financial Products Segment reported $4.05 billion. The Financial Products Segment also had $3.45 billion in revenue.

Caterpillar's gross margin for Q4 2024 was 37.97%, indicating a healthy profit margin from its operations. However, the company's R&D expenses were $519 million, and selling, general, and administrative expenses were $1.77 billion.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|CAT|CAT.N|Caterpillar|20240101-2024|Financial Products|3.446E9|169|
|CAT|CAT.N|Caterpillar|20240101-2024|Financial Products|2.563E9|169|
|CAT|CAT.N|Caterpillar|20240101-2024|Financial Products|1.688E9|169|
|CAT|CAT.N|Caterpillar|20240101-2024|Machinery, Energy & Transportation|1.496E10|169|
|CAT|CAT.N|Caterpillar|20240101-2024|Machinery, Energy & Transportation|1.496E10|169|
|CAT|CAT.N|Caterpillar|20240101-2024|Financial Products|8.39E8|169|

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|CAT|CAT.N|Caterpillar|2024 Q1|38.8442|6.98847877400715|169|
|CAT|CAT.N|Caterpillar|2024 Q2|39.0175|7.775706097645184|169|
|CAT|CAT.N|Caterpillar|2024 Q3|38.515|5.563062384028631|169|
|CAT|CAT.N|Caterpillar|2024 Q4|37.9731|4.8233579382650005|169|

|code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|CAT|CAT.N|Caterpillar|2024 Q1|5.2E8|10.16949152542373|169|
|CAT|CAT.N|Caterpillar|2024 Q2|5.35E8|1.3257575757575757|169|
|CAT|CAT.N|Caterpillar|2024 Q3|5.33E8|-3.790613718411552|169|
|CAT|CAT.N|Caterpillar|2024 Q4|5.19E8|-6.31768953068592|169|

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Selling, General, and Administrative Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|CAT|CAT.N|Caterpillar|20240331|1.577E9|7.792207792207792|169|
|CAT|CAT.N|Caterpillar|20240630|1.652E9|8.115183246073299|169|
|CAT|CAT.N|Caterpillar|20240930|1.669E9|2.770935960591133|169|
|CAT|CAT.N|Caterpillar|20241231|1.769E9|0.7403189066059226|169|