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What is the revenue and EPS growth rate for Caterpillar year over year?

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What guidance did Caterpillar's management provide for the next earnings period?

Did Caterpillar beat or miss consensus estimates last quarter?

What is Caterpillar's gross profit margin?

What is Caterpillar's latest dividend and current dividend yield?

What does Caterpillar do and what are its main business segments?

- **Revenue Record**: Q3 2025 sales of $17.6 billion (10% YoY) and record $39.8 billion backlog highlight strong demand across all segments.
- **Profit Resilience**: 17.5% adjusted operating margin despite $600 million tariffs, with Energy & Transportation leading margin expansion.
- **Tariff Headwinds**: $1.6-$1.75 billion 2025 tariff impact expected, but 2026 mitigation actions could reduce pressure.
- **Cash Flow Strength**: $3.2 billion free cash flow and $1.1 billion shareholder returns support long-term growth initiatives.
- **Data Center Growth**: Solar Turbines prime power orders for data centers driving 33% power generation sales growth, with capacity expansions planned for 2026.

**【CEO Summary Section】**
- **Record Sales and Revenues**: Q3 2025 sales reached $17.6 billion, up 10% YoY, driven by strong demand across all segments. Backlog hit a record $39.8 billion, up $2.4 billion QoQ, with Energy & Transportation leading growth.
- **Profit Performance**: Adjusted operating profit margin was 17.5%, slightly above expectations despite $600 million in incremental tariffs. Adjusted EPS was $4.95, down 4% YoY due to tariffs and tax rate changes.
- **Tariff Mitigation**: Company expects $1.6-$1.75 billion net tariff impact in 2025. Longer-term actions will be taken once trade policy stabilizes.
- **Free Cash Flow**: Generated $3.2 billion in ME&T free cash flow, with $1.1 billion returned to shareholders via dividends and buybacks.

**【CFO Financial Commentary】**
- **Segment Performance**: 
  - **Construction Industries**: 7% sales growth to $6.8 billion, but margin down 300 bps to 20.4% due to tariffs and price realization.
  - **Resource Industries**: 2% sales growth to $3.1 billion, but margin down 430 bps to 16% due to tariffs and unfavorable mix.
  - **Energy & Transportation**: 17% sales growth to $8.4 billion, margin up 10 bps to 20% despite $140 million tariff impact.
- **Tariff Impact**: Q3 net tariff cost was $600 million, with 55% impacting Construction Industries, 20% Resource Industries, and 25% Energy & Transportation.
- **Tax Rate**: Global effective tax rate rose to 24% due to U.S. tax legislation changes, but 2025 cash flow benefited from one-time items.

**【Q&A Highlights】**
- **Data Center Growth**: Solar Turbines backlog for prime power applications is strong, with Titan 350 orders outpacing expectations. Lead times are extending but capacity additions will support 2026 demand.
- **Tariff Outlook**: Q4 2025 net tariff impact expected to be $650-$800 million, higher than Q3, but 2026 mitigation actions could reduce headwinds.
- **Construction Margin**: CI segment margin expected to remain under pressure in 2026 due to tariff headwinds, but volume growth will offset some margin erosion.
- **Services Growth**: Solar Turbines services revenue is growing as customers adopt long-term service agreements for their power generation equipment.

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