SuperworthCaterpillar profit margin CAT
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 14.5%
- Operating margin, 12 months
- 17.5%
- Net margin on a year earlier
- −0.4 pts
- Peer median
- 13.3%
Over the twelve months to Jun 30, 2026, Caterpillar kept 14.5% of its revenue as net profit, with an operating margin of 17.5% and a gross margin of 34.3%.
Five years earlier its net margin was 9.6%.
The median for 10 industrial stocks of a similar size is 13.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 13.1% | 16.5% | 33.8% |
| FY2024 | 16.7% | 20.2% | 38.0% |
| FY2023 | 15.4% | 19.3% | 36.2% |
| FY2022 | 11.3% | 13.3% | 30.4% |
| FY2021 | 12.7% | 13.5% | 30.3% |
| FY2020 | 7.2% | 10.9% | 30.3% |
| FY2019 | 11.3% | 15.4% | 31.9% |
| FY2018 | 11.2% | 15.2% | 32.4% |
| FY2017 | 1.7% | 9.8% | 31.2% |
| FY2016 | −0.2% | 1.3% | 26.5% |
| FY2015 | 5.3% | 8.1% | 28.6% |
| FY2014 | 6.7% | 9.7% | 27.9% |
| FY2013 | 6.8% | 10.1% | 26.8% |
| FY2012 | 8.6% | 13.0% | 28.6% |
| FY2011 | 8.2% | 11.9% | 27.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 14.5% | −0.4 pts | 17.5% | |
| Q1 FY26 | 13.3% | −2.4 pts | 16.5% | |
| Q4 FY25 | 13.1% | −3.5 pts | 16.5% | |
| Q3 FY25 | 14.3% | −1.9 pts | 17.7% | |
| Q2 FY25 | 14.9% | −1.6 pts | 18.2% | |
| Q1 FY25 | 15.7% | −1.1 pts | 19.2% | |
| Q4 FY24 | 16.7% | +1.2 pts | 20.2% | |
| Q3 FY24 | 16.3% | +2.6 pts | 20.2% | |
| Q2 FY24 | 16.6% | +3.7 pts | 20.5% | |
| Q1 FY24 | 16.8% | +5.3 pts | 20.5% | |
| Q4 FY23 | 15.4% | +4.1 pts | 19.3% | |
| Q3 FY23 | 13.7% | +0.7 pts | 17.3% |
Against its peers
Companies in Industrials nearest Caterpillar's size, closest first, today.
| Company | Profit margin |
|---|---|
| CATCaterpillar | 14.5% |
| GEGE Aerospace | 17.5% |
| RTXRTX | n/m |
| GEVGE Vernova | 23.0% |
| DEDeere | 10.2% |
| UNPUnion Pacific | 28.9% |
| BABoeing | 2.6% |
| ETNEaton | 12.8% |
| LMTLockheed Martin | 8.2% |
| PHParker-Hannifin | 17.0% |
| TTTrane Technologies | 13.3% |
| Peer median | 13.3% |
Where Caterpillar ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Caterpillar
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.