Caterpillar (CAT) Net Margin (2009 - 2026)
Caterpillar (CAT) posted Net Margin of 17.49% for Q2 2026, up 19.49% on a QoQ basis from 14.64% in Q1 2026, and up 434.0% year-over-year from 3.28% in Q2 2025.
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Caterpillar (CAT) Net Margin (2009 - 2026) Analysis & Trends
Caterpillar has reported Net Margin for 18 years, with the latest figure at 17.49% in Q2 2026.
- On a quarterly basis, Net Margin rose 434.0% year-over-year to 17.49% in Q2 2026; TTM through Jun 2026 was 14.51%, a 44.0% decrease from a year earlier, with the FY2025 full-year figure at 13.14%, down 351.0% from the prior year.
- Net Margin was 17.49% for Q2 2026 at Caterpillar, up from 14.64% 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 14.36%, with a median of 14.35% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 660 bps in 2022, then surged 692 bps in 2023.
- Over 5 years, Net Margin stood at 8.76% in 2022, then surged by 79 bps to 15.68% in 2023, then gained by 10 bps to 17.21% in 2024, then dropped by 27 bps to 12.55% in 2025, then surged by 39 bps to 17.49% in 2026.
- The last three Net Margin figures came in at 17.49% (Q2 2026), 14.64% (Q1 2026), and 12.55% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.58 Bn | 364.86 Bn | 7.76 Bn | 17.49% |
| 2 | Amphenol | 204.28 Bn | 198.29 Bn | 3.55 Bn | 20.37% |
| 3 | Deere | 189.58 Bn | 180.70 Bn | 12.32 Bn | 10.73% |
| 4 | Eaton | 171.87 Bn | 171.22 Bn | 2.86 Bn | 9.65% |
| 5 | Parker-Hannifin | 121.60 Bn | 121.11 Bn | 2.25 Bn | 18.96% |
| 6 | Vertiv Holdings | 97.62 Bn | 94.51 Bn | 1.23 Bn | 15.20% |
| 7 | 3M | 87.32 Bn | 84.04 Bn | 2.68 Bn | 14.43% |
| 8 | Emerson Electric | 86.05 Bn | 83.88 Bn | 2.66 Bn | 14.73% |
| 9 | Illinois Tool Works | 77.02 Bn | 76.18 Bn | 1.90 Bn | 18.95% |
| 10 | Cummins | 72.43 Bn | 68.82 Bn | 2.47 Bn | 9.86% |
Historic Data
Download Data
Historic 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% |
API Access
Caterpillar Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();