Caterpillar (CAT) Tax Rate (2009 - 2026)
Caterpillar (CAT) posted quarterly Tax Rate of 20.87% for Q1 2026, down 147.0% year-over-year from 44.4% in Q1 2025, and down 11.32% quarter-over-quarter from 23.53% in Q4 2025.
Caterpillar (CAT) Tax Rate (2009 - 2026) Analysis & Trends
Caterpillar's Tax Rate history runs 18 years deep, the most recent figure standing at 20.87% for Q1 2026.
- In Q1 2026, Tax Rate fell 147.0% year-over-year to 20.87%; the TTM figure through Mar 2026 stood at 23.51% (up 325.0% YoY), while the FY2025 annual figure was 23.98%, up 433.0% from the prior year.
- Tax Rate for Q1 2026 stood at 20.87%, down from 23.53% 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.
- The 5-year median for Tax Rate is 20.88% (2023), against an average of 22.13%.
- The sharpest annual moves came in 2022 and 2023: Tax Rate soared 1394 bps in 2022, then slumped 1261 bps in 2023.
- Caterpillar's Tax Rate stood at 30.68% in 2022, then plunged by 41 bps to 18.07% in 2023, then fell by 21 bps to 14.28% in 2024, then surged by 65 bps to 23.53% in 2025, then decreased by 11 bps to 20.87% in 2026.
- Business Quant data shows CAT's Tax Rate at 20.87% in Q1 2026, 23.53% in Q4 2025, and 26.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 389.13 Bn | 382.42 Bn | 7.76 Bn | 23.15% |
| 2 | Deere | 166.75 Bn | 158.85 Bn | 13.06 Bn | 22.59% |
| 3 | Paccar | 69.70 Bn | 61.03 Bn | 1.56 Bn | 23.38% |
| 4 | CNH Industrial | 13.22 Bn | 11.35 Bn | 1.41 Bn | 25.00% |
| 5 | Oshkosh | 9.73 Bn | 9.32 Bn | 480.30 Mn | 16.93% |
| 6 | Terex | 7.70 Bn | 7.29 Bn | 444.00 Mn | 20.86% |
| 7 | Agco | 7.21 Bn | 6.64 Bn | 645.90 Mn | 37.34% |
| 8 | Blue Bird | 2.28 Bn | 2.16 Bn | 103.37 Mn | 5.16% |
| 9 | Alamo | 2.06 Bn | 1.87 Bn | 110.86 Mn | 25.61% |
| 10 | Lindsay | 1.19 Bn | 1.04 Bn | 47.83 Mn | 23.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.15% |
| Jun 30, 2026 | 23.15% |
| Jun 30, 2026 | 23.15% |
| Mar 31, 2026 | 20.87% |
| Mar 31, 2026 | 20.87% |
| Mar 31, 2026 | 20.87% |
| Dec 31, 2025 | 23.53% |
| Dec 31, 2025 | 23.53% |
| Dec 31, 2025 | 23.53% |
| Sep 30, 2025 | 26.73% |
| Sep 30, 2025 | 26.73% |
| Sep 30, 2025 | 26.73% |
| Jun 30, 2025 | 22.92% |
| Jun 30, 2025 | 22.92% |
| Jun 30, 2025 | 22.92% |
| Mar 31, 2025 | 22.33% |
| Mar 31, 2025 | 22.33% |
| Mar 31, 2025 | 22.33% |
| Dec 31, 2024 | 14.28% |
| Dec 31, 2024 | 14.28% |