Caterpillar (CAT) Tax Rate (2009 - 2026)
Caterpillar (CAT) posted Tax Rate of 23.15% for Q2 2026, up 10.93% on a QoQ basis from 20.87% in Q1 2026, and up 22.0% year-over-year from 18.97% in Q2 2025.
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Analysis
Caterpillar (CAT) Tax Rate (2009 - 2026) Analysis & Trends
Caterpillar has reported Tax Rate for 18 years, with the latest figure at 23.15% in Q2 2026.
- On a quarterly basis, Tax Rate rose 22.0% year-over-year to 23.15% in Q2 2026; TTM through Jun 2026 was 23.51%, a 369.0% increase from a year earlier, with the FY2025 full-year figure at 23.98%, up 433.0% from the prior year.
- Tax Rate was 23.15% for Q2 2026 at Caterpillar, up from 20.87% in the prior quarter.
- The five-year high for Tax Rate was 30.68% in Q4 2022, with the low at 14.28% in Q4 2024.
- Average Tax Rate over 5 years is 22.19%, with a median of 21.61% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Tax Rate surged 1394 bps in 2022, then slumped 1261 bps in 2023.
- Over 5 years, Tax Rate stood at 30.68% in 2022, then plunged by 41 bps to 18.07% in 2023, then decreased by 21 bps to 14.28% in 2024, then jumped by 65 bps to 23.53% in 2025, then fell by 2 bps to 23.15% in 2026.
- The last three Tax Rate figures came in at 23.15% (Q2 2026), 20.87% (Q1 2026), and 23.53% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.58 Bn | 364.86 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 204.28 Bn | 198.29 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 189.58 Bn | 180.70 Bn | 12.32 Bn | 28.11% |
| 4 | Eaton | 171.87 Bn | 171.22 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 121.60 Bn | 121.11 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 97.62 Bn | 94.51 Bn | 1.23 Bn | 19.71% |
| 7 | 3M | 87.32 Bn | 84.04 Bn | 2.68 Bn | 16.34% |
| 8 | Emerson Electric | 86.05 Bn | 83.88 Bn | 2.66 Bn | 21.62% |
| 9 | Illinois Tool Works | 77.02 Bn | 76.18 Bn | 1.90 Bn | 24.54% |
| 10 | Cummins | 72.43 Bn | 68.82 Bn | 2.47 Bn | 25.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.15% |
| Mar 31, 2026 | 20.87% |
| Dec 31, 2025 | 23.53% |
| Sep 30, 2025 | 26.73% |
| Jun 30, 2025 | 22.92% |
| Mar 31, 2025 | 22.33% |
| Dec 31, 2024 | 14.28% |
| Sep 30, 2024 | 20.72% |
| Jun 30, 2024 | 23.89% |
| Mar 31, 2024 | 19.48% |
| Dec 31, 2023 | 18.07% |
| Sep 30, 2023 | 20.88% |
| Jun 30, 2023 | 20.59% |
| Mar 31, 2023 | 26.88% |
| Dec 31, 2022 | 30.68% |
| Sep 30, 2022 | 20.60% |
| Jun 30, 2022 | 20.37% |
| Mar 31, 2022 | 23.46% |
| Dec 31, 2021 | 16.74% |
| Sep 30, 2021 | 20.73% |
API Access
Caterpillar Tax Rate 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=tax-rate&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();