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%-11.3pp	398.5%-6.3pp	398.5%-6.1pp	403.6%+5.3pp	405.4%+12.0pp
Operating margin	68.9%-11.2pp	71.6%-9.8pp	75.2%-5.3pp	77.8%+0.2pp	80%+6.7pp
Net margin	55.7%-9.4pp	58.1%-8.1pp	61.6%-3.4pp	63.5%+1.1pp	65.2%+6.4pp
EBITDA margin	82.4%-10.9pp	85.2%-9.1pp	88.9%-4.5pp	91.3%+0.8pp	93.3%+6.9pp
Free cash flow margin	54.6%-8.9pp	55.5%-11.1pp	57.8%-10.1pp	60.5%-6.1pp	63.5%+0.6pp
Returns
Return on assets	41.1%-8.3pp	42.5%-8.6pp	45.3%-5.7pp	47.3%-2.2pp	49.5%+2.9pp
Efficiency
Asset turnover	3×-0.1×	2.9×-0.2×	2.9×-0.2×	3×-0.2×	3×-0.1×
Liquidity
Current ratio	5.5×+0.1×	5.5×0.0×	5.5×+0.1×	5.5×0.0×	5.4×-0.1×
Quick ratio	3.4×+0.1×	3.4×0.0×	3.3×0.0×	3.3×-0.1×	3.3×-0.1×
Cash ratio	0.8×+0.1×	0.7×+0.1×	0.7×0.0×	0.7×0.0×	0.6×-0.1×
Valuation
Market capitalization	$996.7B+45.4%	$824.69B+16.0%	$731.74B+6.7%	$697.85B+9.8%	$685.32B+14.3%
Price / earnings	107.9×+43.2×	88.8×+23.7×	74.8×+11.4×	68.5×+7.5×	64.7×+3.4×
Price / sales	14.9×+4.3×	12.7×+1.9×	11.4×+1.1×	10.9×+1.3×	10.5×+1.5×
Free cash flow yield	15.3%-8.9pp	18.2%-6.6pp	20.6%-6.0pp	22.3%-5.8pp	24.2%-3.8pp
Earnings yield	15.7%-9.1pp	19.1%-5.5pp	22%-3.4pp	23.5%-2.8pp	24.8%-1.3pp
Dividend yield	4.6%-1.6pp	5.5%-0.4pp	6%-0.1pp	6.1%-0.4pp	6.2%-0.7pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Caterpillar.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.