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
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×
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×
Dividend yield	4.6%-1.6pp	5.5%-0.4pp	6%-0.1pp	6.1%-0.4pp	6.2%-0.7pp

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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.