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Caterpillar CAT Gross margin

Gross margin at other companies

Cummins logo
CumminsCMI
25.3%-0.3pp
Gencor Industries logo
Gencor IndustriesGENC
28.3%+1.1pp
Terex logo
TerexTEX
17.3%-2.8pp
Foster (Lb) Co. logo
Foster (Lb) Co.FSTR
21.2%-1.0pp
Astec Industries logo
Astec IndustriesASTE
25.8%-0.1pp
Titan International logo
Titan InternationalTWI
13.9%+0.5pp

Other financials

Income statement

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Revenue$20.5B+24.0%
Gross profit$7.8B+34.7%
Operating income$4.3B+50.2%
Net income$3.6B+64.9%
EPS (diluted)$7.77+68.2%

Balance sheet

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Cash & equivalents$6.7B+23.4%
Total debt$36.9B+14.2%
Total equity$21.3B+9.4%
Total assets$102.61B+13.6%

Cash flow

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Operating cash flow$4.4B+40.0%
CapEx$587.0M+5.8%
Free cash flow$3.8B+47.4%

Valuation

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Market cap$375.29B+84.0%
P/E34.6×+13.0×
P/S+1.8×

Profitability

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Operating margin17.5%-0.7pp
Net margin14.5%-0.4pp
FCF margin14.3%+0.1pp

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 source filing: Caterpillar’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 6:31 AM EDT
Accession
0000018230-26-000040

FAQ

What is Caterpillar's gross margin?
Caterpillar (CAT) reported gross margin of 94.2% in Q2 2026.
How has Caterpillar's gross margin changed year-over-year?
Caterpillar's gross margin decreased by 5.9% year-over-year, from 100% to 94.2%.
What is the long-term trend for Caterpillar's gross margin?
Over 5 years (2020 to 2025), Caterpillar's gross margin has grown at a 26.9% compound annual growth rate (CAGR), from 30.3% to 99.9%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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