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Caterpillar CAT Net margin

Net margin at other companies

Cummins logo
CumminsCMI
8%-1.1pp
Gencor Industries logo
Gencor IndustriesGENC
12.6%+0.6pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
26%+0.9pp
Terex logo
TerexTEX
1.9%-3.1pp
Twin Disc logo
Twin DiscTWIN
1.3%-2.3pp
Deere & Company logo
Deere & CompanyDE
10.1%-2.3pp

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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Gross margin94.2%-5.9pp
Operating margin17.5%-0.7pp
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 net margin?
Caterpillar (CAT) reported net margin of 14.5% in Q2 2026.
How has Caterpillar's net margin changed year-over-year?
Caterpillar's net margin decreased by 2.9% year-over-year, from 14.9% to 14.5%.
What is the long-term trend for Caterpillar's net margin?
Over 5 years (2020 to 2025), Caterpillar's net margin has grown at a 12.8% compound annual growth rate (CAGR), from 7.2% to 13.1%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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