Caterpillar (CAT) Net Margin (2009 - 2026)
Caterpillar (CAT) posted Net Margin of 17.49% for Q2 2026, up 4.34 percentage points from 13.15% a year earlier and up 2.85 percentage points from the prior quarter.
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Analysis
Caterpillar (CAT) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Caterpillar was 14.51%, down 0.44 percentage points year-over-year; for FY2025, it came in at 13.14%, down 3.51 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +5.96 percentage points (FY2020 to FY2025).
- In prior years, Caterpillar's Net Margin was 16.65% in FY2024 (+1.24 pp), 15.41% in FY2023 (+4.13 pp), 11.28% in FY2022 (-1.45 pp) and 12.73% in FY2021 (+5.55 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin since Q1 2024.
- On a year-over-year basis, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -1.09 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2021, with a gain of 8.42 percentage points; the weakest was Q4 2022, with a drop of 6.60 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 14.64% (Q1 2026), 12.55% (Q4 2025) and 13.04% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.94 Bn | 323.64 Bn | 7.76 Bn | 17.49% |
| 2 | Amphenol | 209.39 Bn | 203.97 Bn | 3.55 Bn | 20.20% |
| 3 | Deere | 174.05 Bn | 142.14 Bn | 4.66 Bn | 10.94% |
| 4 | Eaton | 165.12 Bn | 162.30 Bn | 2.86 Bn | 9.62% |
| 5 | Parker-Hannifin | 120.51 Bn | 118.63 Bn | 2.25 Bn | 18.96% |
| 6 | Emerson Electric | 90.72 Bn | 83.46 Bn | 2.66 Bn | 14.73% |
| 7 | Vertiv Holdings | 90.08 Bn | 80.70 Bn | 1.23 Bn | 15.20% |
| 8 | 3M | 83.97 Bn | 65.37 Bn | 2.68 Bn | 14.35% |
| 9 | Illinois Tool Works | 75.88 Bn | 72.44 Bn | 1.90 Bn | 18.95% |
| 10 | Cummins | 72.44 Bn | 68.52 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();