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| Date | Value |
|---|---|
| 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% |