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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	398.5%-6.3pp	404.8%+13.4pp	391.4%+203pp	188.2%+64.8pp
Operating margin	71.6%-9.8pp	81.4%+14.3pp	67%+13.7pp	53.4%+1.6pp
Net margin	58.1%-8.1pp	66.3%+12.7pp	53.5%+4.4pp	49.1%+8.2pp
EBITDA margin	85.2%-9.1pp	94.4%+14.0pp	80.4%+10.7pp	69.7%-2.4pp
Free cash flow margin	55.5%-11.1pp	66.6%+8.8pp	57.8%+21.3pp	36.5%-19.2pp
Returns
Return on assets	42.5%-8.6pp	51.1%+9.4pp	41.7%+8.1pp	33.5%+9.0pp
Efficiency
Asset turnover	2.9×-0.2×	3.1×0.0×	3.1×+0.4×	2.7×+0.4×
Liquidity
Current ratio	5.5×0.0×	5.4×-0.1×	5.6×-0.1×	5.7×-0.5×
Quick ratio	3.4×0.0×	3.4×-0.1×	3.5×-0.1×	3.6×-0.8×
Cash ratio	0.7×+0.1×	0.7×-0.1×	0.8×0.0×	0.9×-0.6×
Leverage
Interest coverage	25.6×-7.5×	33.2×-1.5×	34.7×+3.2×	31.5×+6.4×
Valuation
Market capitalization	$824.69B+16.0%	$710.69B+32.9%	$534.75B+25.5%	$426.04B-7.1%
Price / earnings	88.8×+23.7×	65.1×+3.4×	61.6×-1.2×	62.8×-37.8×
Price / sales	12.7×+1.9×	10.8×+2.6×	8.2×+0.5×	7.7×-2.2×
Free cash flow yield	18.2%-6.6pp	24.8%-3.3pp	28.1%+8.6pp	19.5%-3.5pp
Earnings yield	19.1%-5.5pp	24.7%-1.3pp	26%-0.4pp	26.4%+9.2pp
Dividend yield	5.5%-0.4pp	5.9%-1.7pp	7.6%-1.7pp	9.2%+1.3pp

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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.