Caterpillar (CAT) Net Margin (2009 - 2026)

Caterpillar's Net Margin history runs 18 years deep, the most recent figure standing at 14.64% for 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 for Q1 2026 stood at 14.64%, 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.
• The 5-year median for Net Margin is 14.06% (2025), against an average of 14.17%.
• The sharpest annual moves came in 2022 and 2023: Net Margin sank 660 bps in 2022, then soared 692 bps in 2023.
• Caterpillar's Net Margin stood at 8.76% in 2022, then soared by 79 bps to 15.68% in 2023, then increased by 10 bps to 17.21% in 2024, then decreased by 27 bps to 12.55% in 2025, then rose by 17 bps to 14.64% in 2026.
• Business Quant data shows CAT's Net Margin at 14.64% in Q1 2026, 12.55% in Q4 2025, and 13.04% in Q3 2025.