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) Net margin

Caterpillar Inc.'s net margin over the twelve months to 30 June 2026 was 14.5%, up 1.4 percentage points from fiscal 2025 (13.1%). Over the past ten years it has ranged from −0.17% (fiscal 2016) to 16.7% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Farm & Heavy Construction Machinery industry median of 1.49% and above the Industrials sector median of 2.22%.

Net margin, annual

Annual

Period Net margin Change (points)
FY2025 13.1% (3.51)
FY2024 16.7% 1.24
FY2023 15.4% 4.13
FY2022 11.3% (1.45)
FY2021 12.7% 5.55
FY2020 7.18% (4.15)
FY2019 11.3% 0.10
FY2018 11.2% 9.57
FY2017 1.66% 1.83
FY2016 −0.17% (5.51)

Quarterly

Period Net margin Change (points)
Jun 2026 17.5% 2.85
Mar 2026 14.6% 2.09
Dec 2025 12.6% (0.49)
Sep 2025 13.0% (0.11)
42 more quarters

Against its own ten years

Low −0.17% High 16.7%
Ten-year median 11.3%
Current reading's percentile 82

Net margin against peers

Company Net margin
CAT Caterpillar Inc. 14.5%
FSS Federal Signal Corporation compare 11.7%
DE Deere & Company compare 10.2%
PCAR PACCAR Inc. compare 9.00%
ALG Alamo Group, Inc. compare 6.08%
OSK Oshkosh Corporation compare 5.24%
AGCO AGCO Corporation compare 5.15%
TEX Terex Corporation compare 2.23%
CNH CNH Industrial N.V. compare 1.71%
Farm & Heavy Construction Machinery industry median 1.49%
Industrials sector median 2.22%
Market median 0.55%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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