stockrowCaterpillar Inc.
CAT Industrials Farm & Heavy Construction Machinery
Caterpillar Inc.’s revenue for fiscal 2025 (year ended December 2025) was $67.6 billion, up 4.29% from fiscal 2024.
- Revenue
- +17.3%
- EPS
- +45.8%
- Free cash flow
- +27.4%
- Total debt
- +8.83%
Quarter to September 2026, against a year earlier
Follow CAT
Alert me
Caterpillar Inc. (CAT) Operating margin
Caterpillar Inc.'s operating margin over the twelve months to 30 September 2026 was 20.2%, up 1.7 percentage points from fiscal 2025 (18.5%). Over the past ten years it has ranged from 4.56% (fiscal 2016) to 22.2% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Farm & Heavy Construction Machinery industry median of 4.47% and above the Industrials sector median of 5.21%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 18.5% | (3.64) |
| FY2024 | 22.2% | 1.28 |
| FY2023 | 20.9% | 6.62 |
| FY2022 | 14.3% | (0.14) |
| FY2021 | 14.4% | 2.07 |
| FY2020 | 12.3% | (4.49) |
| FY2019 | 16.8% | 0.34 |
| FY2018 | 16.5% | 5.24 |
| FY2017 | 11.2% | 6.67 |
| FY2016 | 4.56% | (4.74) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 22.2% | (0.44) |
| Jun 2026 | 22.7% | 2.97 |
| Mar 2026 | 19.7% | 3.96 |
| Dec 2025 | 15.7% | (3.53) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CAT Caterpillar Inc. | 20.2% |
| DE Deere & Company compare | 19.5% |
| FSS Federal Signal Corporation compare | 16.2% |
| PCAR PACCAR Inc. compare | 13.8% |
| CNH CNH Industrial N.V. compare | 13.5% |
| BLBD Blue Bird Corporation compare | 11.8% |
| OSK Oshkosh Corporation compare | 6.82% |
| TEX Terex Corporation compare | 5.68% |
| AGCO AGCO Corporation compare | 5.61% |
| Farm & Heavy Construction Machinery industry median | 4.47% |
| Industrials sector median | 5.21% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on CAT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement