Caterpillar has reported record-breaking full-year revenues of $67.6 billion, with fourth-quarter revenue hitting $19.1 billion. Despite the impressive sales growth, operating profits took a hit due to tariffs, resulting in operating profit declining by 16% for the year and 9% for the quarter.

Sales in Caterpillar’s construction vehicles and mining equipment divisions saw double-digit growth, but profits were impacted by higher tariffs, causing margins to fall. However, profit growth in financial products and power & energy helped offset some of these losses.

Looking ahead to 2026, Caterpillar forecasts continued sales and revenue growth, but expects a $2.6 billion tariff impact, leading to around $800 million in profit reduction per quarter. Peers like Deere & Company are also facing margin pressures from tariffs, impacting their financial performance.

Read more at Yahoo Finance: Caterpillar has best year ever but tariffs weigh on profits