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Caterpillar CAT EBITDA margin

EBITDA margin at other companies

Cummins logo
CumminsCMI
14.6%-0.2pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
87.4%-1.7pp
Deere & Company logo
Deere & CompanyDE
24.2%-3.5pp
Wabtec logo
WabtecWAB
20.5%-0.2pp
United Rentals logo
United RentalsURI
27.4%-1.3pp
Quanta Services logo
Quanta ServicesPWR
8.9%0.0pp

Other financials

Income statement

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Revenue$17.4B+22.2%
Gross profit$6.1B+15.6%
Operating income$3.1B+19.6%
Net income$2.5B+27.2%
EPS (diluted)$5.47+30.2%

Balance sheet

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Cash & equivalents$4.1B+14.3%
Total assets$95.6B+12.5%

Cash flow

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Operating cash flow$1.9B+45.1%
CapEx$728.0M+2.5%
Free cash flow$1.1B+97.2%

Valuation

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Market cap$454.06B+109%
P/E48.2×+26.3×
P/S6.4×+3.0×

Profitability

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Gross margin96.6%-4.4pp
Operating margin16.5%-2.7pp
Net margin13.3%-2.4pp

Returns & leverage

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Return on equity43.5%-11.8pp
Debt / equity1.7×+0.1×
Current ratio1.4×0.0×

Where this comes from

Calculated from Caterpillar’s reported figures.

Based on trailing twelve months.

The official record: Caterpillar’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Caterpillar's EBITDA margin?
Caterpillar (CAT) reported EBITDA margin of 19.7% in Q1 2026.
How has Caterpillar's EBITDA margin changed year-over-year?
Caterpillar's EBITDA margin decreased by 12.6% year-over-year, from 22.6% to 19.7%.
What is the long-term trend for Caterpillar's EBITDA margin?
Over 4 years (2021 to 2025), Caterpillar's EBITDA margin has grown at a 4.3% compound annual growth rate (CAGR), from 72.1% to 85.2%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.