| Stage | CAT | % of rev | CMI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $20.7B | 100.00% | $9.4B | 100.00% | CAT ×2.19 |
| Gross profit | $7.3B | 35.54% | $2.6B | 27.71% | CAT +7.8pp |
| Operating income | $4.2B | 20.38% | $1.3B | 13.95% | CAT +6.4pp |
| Pre-tax income | $4.2B | 20.40% | $1.4B | 15.05% | CAT +5.4pp |
| Net income | $3.3B | 15.89% | $1.2B | 12.39% | CAT +3.5pp |
| Stage | CAT | CMI | Gap · A − B |
|---|---|---|---|
| Revenue | $20.7B100.00% | $9.4B100.00% | CAT ×2.19 |
| Gross profit | 35.54%$7.3B | 27.71%$2.6B | CAT +7.8pp |
| Operating income | 20.38%$4.2B | 13.95%$1.3B | CAT +6.4pp |
| Pre-tax income | 20.40%$4.2B | 15.05%$1.4B | CAT +5.4pp |
| Net income |
| 15.89%$3.3B |
| 12.39%$1.2B |
| CAT +3.5pp |
CAT · OTTR 10-KFeb 18 '26
“Our customers include some of the largest vehicle and equipment manufacturers operating in the U.S., including Caterpillar Inc., CNH Industrial N.V., Cummins Inc., Deere & Company, Honda Motor Co., Kawasaki Heavy Industries, Polaris Inc. and The Toro Company.”
CMI · OTTR 10-KFeb 18 '26
“Our customers include some of the largest vehicle and equipment manufacturers operating in the U.S., including Caterpillar Inc., CNH Industrial N.V., Cummins Inc., Deere & Company, Honda Motor Co., Kawasaki Heavy Industries, Polaris Inc. and The Toro Company.”