Caterpillar (CAT) EBT Margin (2009 - 2026)
Caterpillar (CAT) posted quarterly EBT Margin of 18.44% for Q1 2026, up 40.0% year-over-year from 13.17% in Q1 2025, and up 16.58% quarter-over-quarter from 15.82% in Q4 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 for Q1 2026 stood at 18.44%, up from 15.82% in the prior quarter.
- The five-year high for EBT Margin was 22.36% in Q1 2024, with the low at 12.65% in Q4 2022.
- The 5-year median for EBT Margin is 18.04% (2025), against an average of 18.02%.
- The sharpest annual moves came in 2022 and 2023: EBT Margin sank 592 bps in 2022, then jumped 639 bps in 2023.
- Caterpillar's EBT Margin stood at 12.65% in 2022, then surged by 50 bps to 19.03% in 2023, then gained by 5 bps to 20.0% in 2024, then dropped by 21 bps to 15.82% in 2025, then advanced by 17 bps to 18.44% in 2026.
- Business Quant data shows CAT's EBT Margin at 18.44% in Q1 2026, 15.82% in Q4 2025, and 17.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 390.12 Bn | 383.41 Bn | 7.76 Bn | 22.19% |
| 2 | Deere | 166.90 Bn | 159.00 Bn | 13.06 Bn | 17.15% |
| 3 | Paccar | 69.84 Bn | 61.17 Bn | 1.56 Bn | 13.01% |
| 4 | CNH Industrial | 13.37 Bn | 11.50 Bn | 1.41 Bn | 3.58% |
| 5 | Oshkosh | 9.77 Bn | 9.37 Bn | 480.30 Mn | 7.54% |
| 6 | Terex | 7.67 Bn | 7.27 Bn | 444.00 Mn | 6.21% |
| 7 | Agco | 7.27 Bn | 6.70 Bn | 645.90 Mn | 4.15% |
| 8 | Blue Bird | 2.25 Bn | 2.14 Bn | 103.37 Mn | 38.10% |
| 9 | Alamo | 2.08 Bn | 1.88 Bn | 110.86 Mn | 9.23% |
| 10 | Lindsay | 1.19 Bn | 1.04 Bn | 47.83 Mn | 13.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.19% |
| 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% |