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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	394.1%-4.4pp	398.5%0.0pp	398.5%-5.1pp	403.6%-1.8pp	405.4%+0.6pp
Operating margin	68.9%-2.7pp	71.6%-3.7pp	75.2%-2.6pp	77.8%-2.2pp	80%-1.4pp
Net margin	55.7%-2.4pp	58.1%-3.5pp	61.6%-1.9pp	63.5%-1.6pp	65.2%-1.1pp
Efficiency
Asset turnover	3×0.0×	2.9×0.0×	2.9×0.0×	3×-0.1×	3×-0.1×
Liquidity
Current ratio	5.5×0.0×	5.5×0.0×	5.5×0.0×	5.5×+0.1×	5.4×0.0×
Valuation
Market capitalization	$996.7B+20.9%	$824.69B+12.7%	$731.74B+4.9%	$697.85B+1.8%	$685.32B-3.6%
Price / earnings	107.9×+19.1×	88.8×+13.9×	74.8×+6.3×	68.5×+3.8×	64.7×-0.4×
Price / sales	14.9×+2.2×	12.7×+1.3×	11.4×+0.6×	10.9×+0.3×	10.5×-0.2×
Dividend yield	4.6%-0.9pp	5.5%-0.5pp	6%-0.2pp	6.1%-0.1pp	6.2%+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.