Caterpillar (CAT) EBT Margin (2009 - 2026)

Caterpillar (CAT) recorded quarterly EBT Margin of 18.44% in Q1 2026, up 16.58% quarter-over-quarter from 15.82% in Q4 2025, and up 40.0% on a YoY basis from 13.17% in Q1 2025.

Caterpillar (CAT) EBT Margin (2009 - 2026) Analysis & Trends

Caterpillar's EBT Margin history runs 18 years deep, the most recent figure standing at 18.44% for Q1 2026.

  • In Q1 2026, EBT Margin rose 40.0% year-over-year to 18.44%; the TTM figure through Mar 2026 stood at 17.22% (down 240.0% YoY), while the FY2025 annual figure was 17.08%, down 356.0% from the prior year.
  • EBT Margin was 18.44% for Q1 2026 at Caterpillar, up from 15.82% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 22.36% in Q1 2024 to a low of 12.65% in Q4 2022.
  • Historically, EBT Margin has averaged 18.02% across 5 years, with a median of 18.04% in 2025.
  • The sharpest annual moves came in 2022 and 2023: EBT Margin slumped 592 bps in 2022, then surged 639 bps in 2023.
  • A 5-year view of EBT Margin shows it stood at 12.65% in 2022, then soared by 50 bps to 19.03% in 2023, then advanced by 5 bps to 20.0% in 2024, then declined by 21 bps to 15.82% in 2025, then climbed by 17 bps to 18.44% in 2026.
  • The last three EBT Margin figures came in at 18.44% (Q1 2026), 15.82% (Q4 2025), and 17.73% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Caterpillar 397.22 Bn 393.14 Bn 6.11 Bn 18.44%
2 Deere 151.61 Bn 143.71 Bn 13.06 Bn 17.15%
3 Paccar 60.18 Bn 59.49 Bn 1.36 Bn 11.46%
4 Oshkosh 8.00 Bn 7.75 Bn 311.90 Mn 2.36%
5 Terex 5.74 Bn 5.35 Bn 206.00 Mn -7.27%
6 Blue Bird 2.18 Bn 1.91 Bn 70.65 Mn 10.37%
7 Alamo 1.82 Bn 1.62 Bn 104.81 Mn 9.36%
8 Lindsay 1.21 Bn 1.02 Bn 42.35 Mn 10.06%
9 Astec Industries 1.14 Bn 1.06 Bn 99.10 Mn 0.71%
10 Hyster-Yale 613.93 Mn 618.23 Mn 124.80 Mn -4.04%

Historic Data

Download Data
DateValue
Mar 31, 2026 18.44%
Dec 31, 2025 15.82%
Sep 30, 2025 17.73%
Jun 30, 2025 17.01%
Mar 31, 2025 18.04%
Dec 31, 2024 20.00%
Sep 30, 2024 19.24%
Jun 30, 2024 20.97%
Mar 31, 2024 22.36%
Dec 31, 2023 19.03%
Sep 30, 2023 20.91%
Jun 30, 2023 21.09%
Mar 31, 2023 16.61%
Dec 31, 2022 12.65%
Sep 30, 2022 17.06%
Jun 30, 2022 14.71%
Mar 31, 2022 14.71%
Dec 31, 2021 18.57%
Sep 30, 2021 14.32%
Jun 30, 2021 14.51%