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Caterpillar CAT Return on equity

Return on equity at other companies

Cummins logo
CumminsCMI
23.9%-5.0pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
12.1%+1.0pp
Deere & Company logo
Deere & CompanyDE
18.5%-5.6pp
Wabtec logo
WabtecWAB
11.3%+0.7pp
United Rentals logo
United RentalsURI
28.2%-1.9pp
Generac Holdings logo
Generac HoldingsGNRC
12%-0.4pp

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$440.29B+109%
P/E46.7×+25.5×
P/S6.2×+2.9×

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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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 equity?
Caterpillar (CAT) reported return on equity of 43.5% in Q4 2025.
How has Caterpillar's return on equity changed year-over-year?
Caterpillar's return on equity decreased by 21.3% year-over-year, from 55.3% to 43.5%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.