Caterpillar (CAT) EBITDA Margin (2009 - 2026)
Caterpillar's EBITDA Margin came in at 23.91% for Q2 2026, up 3.30 percentage points from 20.60% a year earlier and up 2.77 percentage points from the prior quarter.
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Analysis
Caterpillar (CAT) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Caterpillar reported EBITDA Margin of 20.70%, down 1.00 percentage points year-over-year; for FY2025, it came in at 19.84%, down 3.65 percentage points from FY2024.
- EBITDA Margin carries a five-year change of +3.11 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 23.49% in FY2024 (+0.96 pp), 22.53% in FY2023 (+5.50 pp), 17.03% in FY2022 (-1.07 pp) and 18.11% in FY2021 (+1.38 pp).
- The Q2 2026 figure represents the highest quarterly EBITDA Margin since Q2 2024.
- Year-over-year, EBITDA Margin increased in 1 of the last eight quarters, with an average year-over-year change of -1.53 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2023 (a gain of 8.07 percentage points), and the weakest in Q4 2025 (a drop of 4.43 percentage points).
- Business Quant data shows CAT's EBITDA Margin at 21.13% (Q1 2026), 17.03% (Q4 2025) and 20.54% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 282.34 Bn | 282.34 Bn | - | - |
| 2 | Amphenol | 196.37 Bn | 189.89 Bn | 4.02 Bn | - |
| 3 | Deere | 180.40 Bn | 148.49 Bn | 4.66 Bn | 19.50% |
| 4 | Eaton | 142.03 Bn | 139.22 Bn | 2.86 Bn | 20.99% |
| 5 | Parker-Hannifin | 117.42 Bn | 115.55 Bn | 2.25 Bn | 27.98% |
| 6 | Emerson Electric | 93.00 Bn | 85.73 Bn | 2.66 Bn | 34.66% |
| 7 | 3M | 92.98 Bn | 74.42 Bn | 2.78 Bn | 28.77% |
| 8 | Vertiv Holdings | 86.47 Bn | 75.32 Bn | 1.64 Bn | 25.35% |
| 9 | Illinois Tool Works | 82.63 Bn | 79.31 Bn | 1.91 Bn | 30.15% |
| 10 | Cummins | 69.15 Bn | 65.22 Bn | 2.47 Bn | 16.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.91% |
| Mar 31, 2026 | 21.13% |
| Dec 31, 2025 | 17.03% |
| Sep 30, 2025 | 20.54% |
| Jun 30, 2025 | 20.60% |
| Mar 31, 2025 | 21.89% |
| Dec 31, 2024 | 21.46% |
| Sep 30, 2024 | 22.91% |
| Jun 30, 2024 | 24.05% |
| Mar 31, 2024 | 25.59% |
| Dec 31, 2023 | 21.55% |
| Sep 30, 2023 | 23.64% |
| Jun 30, 2023 | 24.22% |
| Mar 31, 2023 | 20.57% |
| Dec 31, 2022 | 13.48% |
| Sep 30, 2022 | 19.85% |
| Jun 30, 2022 | 17.53% |
| Mar 31, 2022 | 17.75% |
| Dec 31, 2021 | 15.92% |
| Sep 30, 2021 | 18.21% |
API Access
Caterpillar EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();