Caterpillar Inc (CAT) Gross Margin (2009 - 2026)

Caterpillar (CAT) has reported Gross Margin for 18 consecutive years, with 35.08% the latest figure, recorded in Q1 2026.

• In Q1 2026, Gross Margin fell 200.0% year-over-year to 35.08%; the TTM figure through Mar 2026 stood at 33.44% (down 411.0% YoY), while the FY2025 annual figure was 33.79%, down 419.0% from the prior year.
• Gross Margin came in at 35.08% for Q1 2026 at Caterpillar, up from 30.45% in the prior quarter.
• The five-year high for Gross Margin was 39.18% in Q2 2024, with the low at 29.66% in Q1 2022.
• Average Gross Margin over 5 years is 34.68%, with a median of 35.47% recorded in 2023.
• Across the five-year window, Gross Margin soared 665 bps in 2023 and tumbled 590 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 30.02% in 2022, then grew by 18 bps to 35.47% in 2023, then increased by 2 bps to 36.35% in 2024, then retreated by 16 bps to 30.45% in 2025, then advanced by 15 bps to 35.08% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 35.08%, 30.45%, and 33.82% for Q1 2026, Q4 2025, and Q3 2025 respectively.