KPIs & Operating Metrics(New)
Growth Metrics

Caterpillar (CAT) Gross Margin (2016 - 2026)

Caterpillar's Gross Margin history spans 18 years, with the latest figure at 35.08% for Q1 2026.

  • Quarterly Gross Margin fell 200.0% to 35.08% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 33.44% through Mar 2026, down 411.0% year-over-year, with the annual reading at 33.79% for FY2025, 419.0% down from the prior year.
  • Gross Margin came in at 35.08% for Q1 2026, up from 30.45% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 39.18% in Q2 2024 to a low of 29.66% in Q1 2022.
  • The 5-year median for Gross Margin is 35.47% (2023), against an average of 34.68%.
  • Year-over-year, Gross Margin surged 665bps in 2023 and then crashed -590bps in 2025.
  • Caterpillar's Gross Margin stood at 30.02% in 2022, then rose by 18bps to 35.47% in 2023, then grew by 2bps to 36.35% in 2024, then fell by -16bps to 30.45% in 2025, then grew by 15bps to 35.08% in 2026.
  • Per Business Quant, the three most recent readings for CAT's Gross Margin are 35.08% (Q1 2026), 30.45% (Q4 2025), and 33.82% (Q3 2025).