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

Caterpillar (CAT) posted quarterly Net Margin of 14.64% for Q1 2026, up 58.0% year-over-year from 9.26% in Q1 2025, and up 16.59% on a QoQ basis from 12.55% in Q4 2025.

Caterpillar Inc (CAT) Net Margin (2009 - 2026) Analysis & Trends

Caterpillar (CAT) has reported Net Margin for 18 consecutive years, with 14.64% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Net Margin rose 58.0% year-over-year to 14.64%; the TTM figure through Mar 2026 stood at 13.33% (down 238.0% YoY), while the FY2025 annual figure was 13.14%, down 351.0% from the prior year.
  • Net Margin came in at 14.64% for Q1 2026 at Caterpillar, up from 12.55% in the prior quarter.
  • The five-year high for Net Margin was 18.08% in Q1 2024, with the low at 8.76% in Q4 2022.
  • Average Net Margin over 5 years is 14.17%, with a median of 14.06% recorded in 2025.
  • Across the five-year window, Net Margin tumbled 660 bps in 2022 and jumped 692 bps in 2023, its largest moves.
  • Year by year, Net Margin stood at 8.76% in 2022, then jumped by 79 bps to 15.68% in 2023, then climbed by 10 bps to 17.21% in 2024, then fell by 27 bps to 12.55% in 2025, then grew by 17 bps to 14.64% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 14.64%, 12.55%, and 13.04% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

Historic Data

Download Data
DateValue
Mar 31, 2026 14.64%
Dec 31, 2025 12.55%
Sep 30, 2025 13.04%
Jun 30, 2025 13.15%
Mar 31, 2025 14.06%
Dec 31, 2024 17.21%
Sep 30, 2024 15.30%
Jun 30, 2024 16.06%
Mar 31, 2024 18.08%
Dec 31, 2023 15.68%
Sep 30, 2023 16.62%
Jun 30, 2023 16.87%
Mar 31, 2023 12.25%
Dec 31, 2022 8.76%
Sep 30, 2022 13.61%
Jun 30, 2022 11.74%
Mar 31, 2022 11.31%
Dec 31, 2021 15.36%
Sep 30, 2021 11.50%
Jun 30, 2021 10.96%