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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Caterpillar (CAT) Net Margin (2016 - 2025)

Caterpillar (CAT) has 17 years of Net Margin data on record, last reported at 12.55% in Q4 2025.

  • For Q4 2025, Net Margin fell 466.0% year-over-year to 12.55%; the TTM value through Dec 2025 reached 13.14%, down 351.0%, while the annual FY2025 figure was 13.14%, 351.0% down from the prior year.
  • Net Margin reached 12.55% in Q4 2025 per CAT's latest filing, down from 13.04% in the prior quarter.
  • Across five years, Net Margin topped out at 18.08% in Q1 2024 and bottomed at 8.76% in Q4 2022.
  • Average Net Margin over 5 years is 13.85%, with a median of 13.38% recorded in 2025.
  • Peak YoY movement for Net Margin: soared 842bps in 2021, then tumbled -660bps in 2022.
  • A 5-year view of Net Margin shows it stood at 15.36% in 2021, then plummeted by -43bps to 8.76% in 2022, then skyrocketed by 79bps to 15.68% in 2023, then rose by 10bps to 17.21% in 2024, then fell by -27bps to 12.55% in 2025.
  • Per Business Quant database, its latest 3 readings for Net Margin were 12.55% in Q4 2025, 13.04% in Q3 2025, and 13.15% in Q2 2025.