Caterpillar (CAT) Return on Capital Employed (2009 - 2026)

Caterpillar (CAT) recorded quarterly Return on Capital Employed of 19.06% in Q1 2026, up 1.85% quarter-over-quarter from 18.71% in Q4 2025, and down 350.0% on a YoY basis from 7.62% in Q1 2025.

Caterpillar (CAT) Return on Capital Employed (2009 - 2026) Analysis & Trends

Caterpillar's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 19.06% for Q1 2026.

  • In Q1 2026, Return on Capital Employed fell 350.0% year-over-year to 19.06%; the TTM figure through Mar 2026 stood at 19.06% (down 350.0% YoY), while the FY2025 annual figure was 19.7%, down 392.0% from the prior year.
  • Return on Capital Employed was 19.06% for Q1 2026 at Caterpillar, up from 18.71% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 27.18% in Q2 2024 to a low of 13.05% in Q1 2022.
  • Historically, Return on Capital Employed has averaged 20.44% across 5 years, with a median of 21.31% in 2023.
  • The sharpest annual moves came in 2023 and 2025: Return on Capital Employed soared 890 bps in 2023, then tumbled 535 bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 15.84% in 2022, then soared by 56 bps to 24.74% in 2023, then decreased by 3 bps to 23.88% in 2024, then slipped by 22 bps to 18.71% in 2025, then increased by 2 bps to 19.06% in 2026.
  • The last three Return on Capital Employed figures came in at 19.06% (Q1 2026), 18.71% (Q4 2025), and 20.37% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Caterpillar 397.22 Bn 393.14 Bn 6.11 Bn 19.06%
2 Deere 151.61 Bn 143.71 Bn 13.06 Bn -
3 Paccar 60.18 Bn 59.49 Bn 1.36 Bn -32.34%
4 Oshkosh 8.00 Bn 7.75 Bn 311.90 Mn 1.21%
5 Terex 5.74 Bn 5.35 Bn 206.00 Mn 5.03%
6 Blue Bird 2.18 Bn 1.91 Bn 70.65 Mn 43.06%
7 Alamo 1.82 Bn 1.62 Bn 104.81 Mn 10.37%
8 Lindsay 1.21 Bn 1.02 Bn 42.35 Mn -0.08%
9 Astec Industries 1.14 Bn 1.06 Bn 99.10 Mn 5.19%
10 Hyster-Yale 613.93 Mn 618.23 Mn 124.80 Mn -7.17%

Historic Data

Download Data
DateValue
Mar 31, 2026 19.06%
Dec 31, 2025 18.71%
Sep 30, 2025 20.37%
Jun 30, 2025 21.83%
Mar 31, 2025 22.56%
Dec 31, 2024 23.88%
Sep 30, 2024 25.26%
Jun 30, 2024 27.18%
Mar 31, 2024 25.84%
Dec 31, 2023 24.74%
Sep 30, 2023 21.73%
Jun 30, 2023 21.31%
Mar 31, 2023 17.23%
Dec 31, 2022 15.84%
Sep 30, 2022 15.42%
Jun 30, 2022 13.42%
Mar 31, 2022 13.05%
Dec 31, 2021 13.24%
Sep 30, 2021 12.03%
Jun 30, 2021 11.11%