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Caterpillar CAT Return on assets

Return on assets at other companies

Cummins logo
CumminsCMI
8.3%-0.7pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
1%0.0pp
Deere & Company logo
Deere & CompanyDE
4.5%-0.8pp
Wabtec logo
WabtecWAB
5.7%-0.1pp
United Rentals logo
United RentalsURI
8.7%-0.7pp
Generac Holdings logo
Generac HoldingsGNRC
5.6%-0.1pp

Other financials

Income statement

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Revenue$17.4B+22.2%
Gross profit$6.1B+15.6%
Operating income$3.1B+19.6%
Net income$2.5B+27.2%
EPS (diluted)$5.47+30.2%

Balance sheet

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Cash & equivalents$4.1B+14.3%
Total assets$95.6B+12.5%

Cash flow

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Operating cash flow$1.9B+45.1%
CapEx$728.0M+2.5%
Free cash flow$1.1B+97.2%

Valuation

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Market cap$454.06B+109%
P/E48.2×+26.3×
P/S6.4×+3.0×

Profitability

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Gross margin96.6%-4.4pp
Operating margin16.5%-2.7pp
Net margin13.3%-2.4pp

Returns & leverage

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Return on equity43.5%-11.8pp
Debt / equity1.7×+0.1×
Current ratio1.4×0.0×

Where this comes from

Calculated from Caterpillar’s reported figures.

Based on trailing twelve months.

The official record: Caterpillar’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Caterpillar's return on assets?
Caterpillar (CAT) reported return on assets of 10.4% in Q1 2026.
How has Caterpillar's return on assets changed year-over-year?
Caterpillar's return on assets decreased by 11.3% year-over-year, from 11.8% to 10.4%.
What is the long-term trend for Caterpillar's return on assets?
Over 4 years (2021 to 2025), Caterpillar's return on assets has grown at a 14.7% compound annual growth rate (CAGR), from 24.6% to 42.5%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.