What are Caterpillar's profit margins?

Caterpillar (CAT) runs a 96.6% gross margin and a 16.5% operating margin, with a 13.3% net margin.

Where do Caterpillar's ratios come from?

Every ratio is computed from Caterpillar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Caterpillar CAT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	96.6%-4.4pp	99.9%0.0pp	97.5%-5.1pp	100%-1.8pp	101%+0.6pp
Operating margin	16.5%-2.7pp	16.5%-3.7pp	17.7%-2.6pp	18.2%-2.2pp	19.2%-1.4pp
Net margin	13.3%-2.4pp	13.1%-3.5pp	14.3%-1.9pp	14.9%-1.6pp	15.7%-1.1pp
Efficiency
Asset turnover	0.8×0.0×	0.7×0.0×	0.7×0.0×	0.7×-0.1×	0.7×-0.1×
Liquidity
Current ratio	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.3×+0.1×	1.3×0.0×
Valuation
Market capitalization	$329.64B+109%	$268.09B+53.1%	$223.53B+17.9%	$175.44B+7.7%	$157.62B-13.9%
Price / earnings	35×+19.1×	30.2×+13.9×	24.1×+6.3×	18.6×+3.8×	15.9×-0.4×
Price / sales	4.7×+2.2×	4×+1.3×	3.5×+0.6×	2.8×+0.3×	2.5×-0.2×
Dividend yield	0.8%-0.9pp	1%-0.5pp	1.2%-0.2pp	1.5%-0.1pp	1.7%+0.3pp

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Questions, answered.

What are Caterpillar's profit margins?: Caterpillar (CAT) runs a 96.6% gross margin and a 16.5% operating margin, with a 13.3% net margin.
Where do Caterpillar's ratios come from?: Every ratio is computed from Caterpillar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.