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 was 14.64% for Q1 2026 at Caterpillar, up from 12.55% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 18.08% in Q1 2024 to a low of 8.76% in Q4 2022.
• Historically, Net Margin has averaged 14.17% across 5 years, with a median of 14.06% in 2025.
• The sharpest annual moves came in 2022 and 2023: Net Margin slumped 660 bps in 2022, then jumped 692 bps in 2023.
• A 5-year view of Net Margin shows it stood at 8.76% in 2022, then jumped by 79 bps to 15.68% in 2023, then rose by 10 bps to 17.21% in 2024, then slipped by 27 bps to 12.55% in 2025, then gained by 17 bps to 14.64% in 2026.
• The last three Net Margin figures came in at 14.64% (Q1 2026), 12.55% (Q4 2025), and 13.04% (Q3 2025), per Business Quant data.