| Stage | CAT | % of rev | DE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $20.7B | 100.00% | $12.6B | 100.00% | CAT ×1.64 |
| Gross profit | $7.3B | 35.54% | $4.7B | 37.03% | DE +1.5pp |
| Operating income | $4.2B | 20.38% | $2.6B | 20.56% | DE +0.2pp |
| Pre-tax income | $4.2B | 20.40% | $1.9B | 14.93% | CAT +5.5pp |
| Net income | $3.3B | 15.89% | $1.4B | 10.92% | CAT +5.0pp |
| Stage | CAT | DE | Gap · A − B |
|---|---|---|---|
| Revenue | $20.7B100.00% | $12.6B100.00% | CAT ×1.64 |
| Gross profit | 35.54%$7.3B | 37.03%$4.7B | DE +1.5pp |
| Operating income | 20.38%$4.2B | 20.56%$2.6B | DE +0.2pp |
| Pre-tax income | 20.40%$4.2B | 14.93%$1.9B | CAT +5.5pp |
| Net income |
| 15.89%$3.3B |
| 10.92%$1.4B |
| CAT +5.0pp |
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.”
DE · 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.”