TTM
13.3%
YoY change
−3.52pp
Trough year (1992)
-23.9%
Peak year (2024)
16.7%
Latest annual
13.1%
Net Profit Margin history chart for Caterpillar (CAT) from 1985 to 2025
Latest: 13.1%
Net Profit Margin change chart for Caterpillar (CAT) from 1985 to 2025
Latest: −3.52pp
Net Profit Margin history table for Caterpillar (CAT) from 1985 to 2025
| 2025 | 13.1% | -3.52pp | ||
| 2024 | 16.7% | +1.24pp | ||
| 2023 | 15.4% | +4.13pp | ||
| 2022 | 11.3% | -1.45pp | ||
| 2021 | 12.7% | +5.55pp | ||
| 2020 | 7.2% | -4.14pp | ||
| 2019 | 11.3% | +0.09pp | ||
| 2018 | 11.2% | +9.57pp | ||
| 2017 | 1.7% | +1.83pp | ||
| 2016 | -0.2% | -5.52pp | ||
| 2015 | 5.3% | +0.90pp | ||
| 2014 | 4.4% | -2.36pp | ||
| 2013 | 6.8% | -1.82pp | ||
| 2012 | 8.6% | +0.43pp | ||
| 2011 | 8.2% | +1.85pp | ||
| 2010 | 6.3% | +3.58pp | ||
| 2009 | 2.8% | -4.17pp | ||
| 2008 | 6.9% | -0.95pp | ||
| 2007 | 7.9% | -0.64pp | ||
| 2006 | 8.5% | +0.67pp | ||
| 2005 | 7.9% | +1.14pp | ||
| 2004 | 6.7% | +1.90pp | ||
| 2003 | 4.8% | +0.86pp | ||
| 2002 | 4.0% | +0.02pp | ||
| 2001 | 3.9% | -1.28pp | ||
| 2000 | 5.2% | +0.42pp | ||
| 1999 | 4.8% | -2.41pp | ||
| 1998 | 7.2% | -1.59pp | ||
| 1997 | 8.8% | +0.56pp | ||
| 1996 | 8.2% | +1.17pp | ||
| 1995 | 7.1% | +0.40pp | ||
| 1994 | 6.7% | +1.05pp | ||
| 1993 | 5.6% | +29.50pp | ||
| 1992 | -23.9% | -19.92pp | ||
| 1991 | -4.0% | -5.80pp | ||
| 1990 | 1.8% | -2.63pp | ||
| 1989 | 4.5% | -1.44pp | ||
| 1988 | 5.9% | +2.00pp | ||
| 1987 | 3.9% | +2.86pp | ||
| 1986 | 1.0% | -1.91pp | ||
| 1985 | 2.9% | — |
- 202513.1%-3.52pp
- 202416.7%+1.24pp
- 202315.4%+4.13pp
- 202211.3%-1.45pp
- 202112.7%+5.55pp
- 20207.2%-4.14pp
- 201911.3%+0.09pp
- 201811.2%+9.57pp
- 20171.7%+1.83pp
- 2016-0.2%-5.52pp
- 20155.3%+0.90pp
- 20144.4%-2.36pp
- 20136.8%-1.82pp
- 20128.6%+0.43pp
- 20118.2%+1.85pp
- 20106.3%+3.58pp
- 20092.8%-4.17pp
- 20086.9%-0.95pp
- 20077.9%-0.64pp
- 20068.5%+0.67pp
- 20057.9%+1.14pp
- 20046.7%+1.90pp
- 20034.8%+0.86pp
- 20024.0%+0.02pp
- 20013.9%-1.28pp
- 20005.2%+0.42pp
- 19994.8%-2.41pp
- 19987.2%-1.59pp
- 19978.8%+0.56pp
- 19968.2%+1.17pp
- 19957.1%+0.40pp
- 19946.7%+1.05pp
- 19935.6%+29.50pp
- 1992-23.9%-19.92pp
- 1991-4.0%-5.80pp
- 19901.8%-2.63pp
- 19894.5%-1.44pp
- 19885.9%+2.00pp
- 19873.9%+2.86pp
- 19861.0%-1.91pp
- 19852.9%—
Net Profit Margin values are taken from Caterpillar's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Net Profit Margin at Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's latest reported net margin is 13.3%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Caterpillar (CAT) net margin is 13.13% – contracted 3.5 percentage points year-over-year.
2024 marks the peak net margin at 16.65%, with the historical low of -23.89% recorded in 1992.
Caterpillar Net Profit Margin by Year
Caterpillar Net Profit Margin 2025: 13.1%
Caterpillar net margin in 2025 was 13.13%, contracted 3.5 percentage points from 2024.
Caterpillar Net Profit Margin 2024: 16.7%
2024's net margin for Caterpillar came in at 16.65%, expanded 1.2 percentage points from 2023. This figure represents the highest annual value in the available history.
Caterpillar Net Profit Margin 2023: 15.4%
Caterpillar posted net margin of 15.41% in 2023, expanded 4.1 percentage points from 2022.
Caterpillar Net Profit Margin 2022: 11.3%
In 2022, Caterpillar reported net margin of 11.28%, contracted 1.4 percentage points from 2021.
Caterpillar Net Profit Margin 2021: 12.7%
Caterpillar net margin in 2021 was 12.73%.
See more financial history for Caterpillar (CAT).
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