Effective Income Tax Rate Reconciliation, U.S. Tax Incentive (as a percent)
Caterpillar Effective Income Tax Rate Reconciliation, U.S. Tax Incentive (as a percent) remained flat by 0.0% to 0.4% in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 38.5%, from 0.3% to 0.4%. Over 3 years (FY 2021 to FY 2024), Effective Income Tax Rate Reconciliation, U.S. Tax Incentive (as a percent) shows an upward trend with a 6.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates a higher proportion of earnings is being shielded from tax through government incentives.
Detailed definition
This metric expresses the impact of U.S. tax incentives as a percentage of pre-tax income in the effective tax rate reco...
Peer comparison
Standardized metric for comparing tax efficiency across companies within the same tax jurisdiction.
other_effective_income_tax_rate_reconciliation_us_tax_in_049300Historical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | -1.5% | 1.9% | 1.3% | 1.8% |
| YoY Change | — | +226.7% | -31.6% | +38.5% |
Effective Income Tax Rate Reconciliation, U.S. Tax Incentive (as a percent) at Other Companies
Frequently Asked Questions
- What is Caterpillar's effective income tax rate reconciliation, u.s. tax incentive (as a percent)?
- Caterpillar (CAT) reported effective income tax rate reconciliation, u.s. tax incentive (as a percent) of 0.4% in Q4 2024.
- How has Caterpillar's effective income tax rate reconciliation, u.s. tax incentive (as a percent) changed year-over-year?
- Caterpillar's effective income tax rate reconciliation, u.s. tax incentive (as a percent) increased by 38.5% year-over-year, from 0.3% to 0.4%.
- What is the long-term trend for Caterpillar's effective income tax rate reconciliation, u.s. tax incentive (as a percent)?
- Over 3 years (2021 to 2024), Caterpillar's effective income tax rate reconciliation, u.s. tax incentive (as a percent) has grown at a 6.3% compound annual growth rate (CAGR), from -1.5% to 1.8%.
- What does effective income tax rate reconciliation, u.s. tax incentive (as a percent) mean?
- The percentage reduction in the effective tax rate attributable to U.S. tax incentives.