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| Date | Value |
|---|---|
| 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% |