Caterpillar (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% quarter-over-quarter from 12.55% in Q4 2025.
Caterpillar (CAT) Net Margin (2009 - 2026) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 390.12 Bn | 383.41 Bn | 7.76 Bn | 17.49% |
| 2 | Deere | 166.90 Bn | 159.00 Bn | 13.06 Bn | 13.28% |
| 3 | Paccar | 69.84 Bn | 61.17 Bn | 1.56 Bn | 9.96% |
| 4 | CNH Industrial | 13.37 Bn | 11.50 Bn | 1.41 Bn | 2.69% |
| 5 | Oshkosh | 9.77 Bn | 9.37 Bn | 480.30 Mn | 6.26% |
| 6 | Terex | 7.67 Bn | 7.27 Bn | 444.00 Mn | 4.92% |
| 7 | Agco | 7.27 Bn | 6.70 Bn | 645.90 Mn | 2.60% |
| 8 | Blue Bird | 2.25 Bn | 2.14 Bn | 103.37 Mn | 36.13% |
| 9 | Alamo | 2.08 Bn | 1.88 Bn | 110.86 Mn | 6.86% |
| 10 | Lindsay | 1.19 Bn | 1.04 Bn | 47.83 Mn | 10.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.49% |
| 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% |