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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Caterpillar (CAT) Gross Margin (2016 - 2025)

Caterpillar (CAT) has 17 years of Gross Margin data on record, last reported at 30.45% in Q4 2025.

  • For Q4 2025, Gross Margin fell 590.0% year-over-year to 30.45%; the TTM value through Dec 2025 reached 33.79%, down 419.0%, while the annual FY2025 figure was 33.79%, 419.0% down from the prior year.
  • Gross Margin reached 30.45% in Q4 2025 per CAT's latest filing, down from 33.82% in the prior quarter.
  • Across five years, Gross Margin topped out at 39.18% in Q2 2024 and bottomed at 27.5% in Q4 2021.
  • Average Gross Margin over 5 years is 33.81%, with a median of 34.3% recorded in 2025.
  • Peak YoY movement for Gross Margin: soared 665bps in 2023, then plummeted -590bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 27.5% in 2021, then increased by 9bps to 30.02% in 2022, then grew by 18bps to 35.47% in 2023, then increased by 2bps to 36.35% in 2024, then dropped by -16bps to 30.45% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 30.45% in Q4 2025, 33.82% in Q3 2025, and 34.78% in Q2 2025.