Caterpillar (CAT) Tax Rate (2009 - 2026)
Caterpillar's Tax Rate came in at 23.15% for Q2 2026, up 0.22 percentage points from 22.92% a year earlier and up 2.28 percentage points from the prior quarter.
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Analysis
Caterpillar (CAT) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Caterpillar reported Tax Rate of 23.51%, up 3.69 percentage points year-over-year; for FY2025, it came in at 23.98%, up 4.33 percentage points from FY2024.
- Tax Rate carries a five-year change of -1.20 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 19.66% in FY2024 (-1.65 pp), 21.31% in FY2023 (-2.31 pp), 23.62% in FY2022 (+2.38 pp) and 21.23% in FY2021 (-3.95 pp).
- The five-year range for quarterly Tax Rate is 14.28% (Q4 2024) to 30.68% (Q4 2022).
- Year-over-year, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of +1.50 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2022 (a gain of 13.94 percentage points), and the weakest in Q4 2023 (a drop of 12.61 percentage points).
- Business Quant data shows CAT's Tax Rate at 20.87% (Q1 2026), 23.53% (Q4 2025) and 26.73% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.84 Bn | 323.53 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 209.14 Bn | 203.72 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 173.99 Bn | 142.08 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 165.20 Bn | 162.39 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 120.55 Bn | 118.67 Bn | 2.25 Bn | 18.51% |
| 6 | Emerson Electric | 90.75 Bn | 83.49 Bn | 2.66 Bn | 21.62% |
| 7 | Vertiv Holdings | 90.61 Bn | 81.23 Bn | 1.23 Bn | 19.71% |
| 8 | 3M | 83.78 Bn | 65.18 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 75.74 Bn | 72.30 Bn | 1.90 Bn | 24.54% |
| 10 | Cummins | 72.28 Bn | 68.36 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();