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| Date | Value |
|---|---|
| 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% |