Caterpillar Inc. CAT
821.58
16.33
2.03%
as of 25 Sep
- Market cap
- $373.2B
- P/E
- 35.2×
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Caterpillar Inc. (CAT) Gross margin
Caterpillar Inc.'s gross margin over the twelve months to 30 June 2026 was 34.3%, up 0.6 percentage points from fiscal 2025 (33.8%). Over the past ten years it has ranged from 27.2% (fiscal 2016) to 38.0% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Farm & Heavy Construction Machinery industry median of 24.2% and above the Industrials sector median of 30.5%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 33.8% | (4.18) |
| FY2024 | 38.0% | 1.74 |
| FY2023 | 36.2% | 5.81 |
| FY2022 | 30.4% | 0.09 |
| FY2021 | 30.3% | (0.01) |
| FY2020 | 30.3% | (1.57) |
| FY2019 | 31.9% | (0.48) |
| FY2018 | 32.4% | 1.15 |
| FY2017 | 31.2% | 4.01 |
| FY2016 | 27.2% | (1.41) |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 37.8% | 2.70 |
| Mar 2026 | 35.1% | 4.63 |
| Dec 2025 | 30.5% | (3.37) |
| Sep 2025 | 33.8% | (0.96) |
| 42 more quarters | Free account |
Against its own ten years
Low 27.2%
High 38.0%
Ten-year median
31.2%
Current reading's percentile
82
Gross margin against peers
| Company | Gross margin |
|---|---|
| DE Deere & Company compare | 36.6% |
| CAT Caterpillar Inc. | 34.3% |
| CNH CNH Industrial N.V. compare | 30.6% |
| FSS Federal Signal Corporation compare | 29.2% |
| AGCO AGCO Corporation compare | 25.3% |
| ALG Alamo Group, Inc. compare | 24.2% |
| PCAR PACCAR Inc. compare | 20.0% |
| TEX Terex Corporation compare | 17.2% |
| OSK Oshkosh Corporation compare | 15.9% |
| Farm & Heavy Construction Machinery industry median | 24.2% |
| Industrials sector median | 30.5% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CAT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement