What is the current annual gross margin of CAT?

As of today, CAT annual gross margin is 31.78%

What is 1-year change in CAT annual gross margin?

CAT annual gross margin is down -12.52% year-over-year

What is 3-year change in CAT annual gross margin?

CAT annual gross margin is up +11.08% over the past 3 years

How far is CAT annual gross margin from its all-time high?

CAT annual gross margin is currently -12.52% below its historical high of 36.33% set on December 31, 2024

How does CAT annual gross margin rank versus sector peers?

CAT annual gross margin is higher than 65.14% of companies in Industrials sector

When is CAT next annual earnings release?

As of today, the next annual earnings release for CAT has not been scheduled

What is the current quarterly gross margin of CAT?

As of today, CAT quarterly gross margin is 28.62%

What is CAT quarterly gross margin most recent change?

CAT quarterly gross margin was down -10.25% on December 31, 2025

What is 1-year change in CAT quarterly gross margin?

CAT quarterly gross margin is down -16.83% year-over-year

How far is CAT quarterly gross margin from its all-time high?

CAT quarterly gross margin is currently -37.69% below its historical high of 45.93% set on December 31, 1993

How does CAT quarterly gross margin rank versus sector peers?

CAT quarterly gross margin is higher than 55.61% of companies in Industrials sector

When is CAT next earnings release?

The next earnings release for CAT is on April 30, 2026

CAT Gross Margin History & Chart Since 1980

Annual Gross Margin

31.78%4.55%-12.52%

December 31, 2025

Summary

Current Value: As of today, CAT annual gross margin is 31.78%, down -12.52% on December 31, 2025
Historical Performance: CAT annual gross margin is up +11.08% over the past 3 years, up +16.03% over the past 5 years
All-Time High Comparison: CAT annual gross margin is currently -12.52% below its historical high of 36.33% set on December 31, 2024
3-Year Low Comparison: CAT annual gross margin is +11.08% above its 3-year low of 28.61% reached on an earlier date
Sector Comparison: CAT annual gross margin is higher than 65.14% of companies in Industrials sector

Gross Margin Chart

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Performance

CAT Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	31.78%	-12.5%	+11.1%	+16.0%	+26.9%
Quarterly Gross Margin	Dec 31, 25	28.62%	-16.8%	-4.8%	-3.7%	+12.9%
Price	Feb 13, 26	$774.20	+118.9%	+212.0%	+291.0%	+647.7%
PE Ratio	Feb 13, 26	41.13	+156.6%	+109.6%	+13.5%	+64.5%
Annual Revenue	Dec 31, 25	$67.59B	+4.3%	+13.7%	+61.9%	+58.7%
Annual Gross Profit	Dec 31, 25	$21.48B	-8.8%	+26.3%	+87.8%	+101.4%
Annual Operating Margin	Dec 31, 25	16.50%	-21.0%	+7.5%	+38.3%	+71.5%
Annual Net Margin	Dec 31, 25	13.14%	-21.1%	+16.5%	+82.8%	+102.8%

Gross Margin Highs

CAT Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	36.33%	Dec 31, 24	-12.5%
5Y	36.33%	Dec 31, 24	-12.5%
All	36.33%	Dec 31, 24	-12.5%

Gross Margin Lows

CAT Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	28.61%	N/A	+11.1%
5Y	27.39%	N/A	+16.0%
All	9.14%	Dec 1, 83	+247.7%

Gross Margin History

Year	Value	Change
2025	31.78%	-12.5%
2024	36.33%	+3.9%
2023	34.97%	+22.2%
2022	28.61%	+2.0%
2021	28.06%	+2.4%
2020	27.39%	-6.1%
2019	29.17%	-2.3%
2018	29.87%	+5.2%
2017	28.40%	+20.9%
2016	23.50%	-8.7%
2015	25.73%	+2.0%
2014	25.22%	+4.4%
2013	24.15%	-8.2%
2012	26.31%	+5.1%
2011	25.04%	0.0%
2010	25.04%	+17.8%
2009	21.25%	-1.5%
2008	21.57%	-7.9%
2007	23.42%	-5.7%
2006	24.84%	+7.5%
2005	23.11%	-3.2%
2004	23.87%	-6.6%
2003	25.56%	-5.4%

Year	Value	Change
2002	27.01%	-3.1%
2001	27.86%	-1.0%
2000	28.14%	+6.2%
1999	26.50%	-6.5%
1998	28.35%	-3.3%
1997	29.33%	+3.3%
1996	28.39%	+12.0%
1995	25.34%	+3.9%
1994	24.39%	+11.5%
1993	21.87%	+27.4%
1992	17.17%	+1.0%
1991	17.00%	-12.3%
1990	19.39%	-2.1%
1989	19.80%	-9.5%
1988	21.88%	+8.0%
1987	20.26%	+8.3%
1986	18.70%	-8.2%
1985	20.36%	+36.6%
1984	14.90%	+63.0%
1983	9.14%	-47.9%
1982	17.55%	-9.4%
1981	19.37%	-15.5%
1980	22.92%	-

FAQ

What is the current annual gross margin of CAT?
As of today, CAT annual gross margin is 31.78%
What is 1-year change in CAT annual gross margin?
CAT annual gross margin is down -12.52% year-over-year
What is 3-year change in CAT annual gross margin?
CAT annual gross margin is up +11.08% over the past 3 years
How far is CAT annual gross margin from its all-time high?
CAT annual gross margin is currently -12.52% below its historical high of 36.33% set on December 31, 2024
How does CAT annual gross margin rank versus sector peers?
CAT annual gross margin is higher than 65.14% of companies in Industrials sector
When is CAT next annual earnings release?
As of today, the next annual earnings release for CAT has not been scheduled

Quarterly Gross Margin

28.62%3.27%-10.25%

December 31, 2025

Summary

Current Value: As of today, CAT quarterly gross margin is 28.62%, down -10.25% on December 31, 2025
Historical Performance: CAT quarterly gross margin is down -16.83% year-over-year, down -4.79% over the past 3 years
All-Time High Comparison: CAT quarterly gross margin is currently -37.69% below its historical high of 45.93% set on December 31, 1993
3-Year Low Comparison: CAT quarterly gross margin is at its 3-year low
Sector Comparison: CAT quarterly gross margin is higher than 55.61% of companies in Industrials sector

Performance

CAT Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Dec 31, 25	28.62%	-10.3%	-16.8%	-4.8%	-3.7%
Annual Gross Margin	Dec 31, 25	31.78%	–	-12.5%	+11.1%	+16.0%
Price	Feb 13, 26	$774.20	+39.9%	+118.9%	+212.0%	+291.0%
PE Ratio	Feb 13, 26	41.13	+44.8%	+156.6%	+109.6%	+13.5%
Quarterly Revenue	Dec 31, 25	$19.13B	+8.5%	+18.0%	+15.3%	+70.2%
Quarterly Gross Profit	Dec 31, 25	$5.48B	-2.6%	-1.9%	+9.7%	+63.8%
Quarterly Operating Margin	Dec 31, 25	13.90%	-20.6%	-23.9%	-18.2%	+7.7%
Quarterly Net Margin	Dec 31, 25	12.55%	-3.7%	-27.1%	+43.3%	+80.8%

Quarterly Gross Margin Highs

CAT Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	34.88%	Mar 31, 25	-17.9%
3Y	37.36%	Jun 30, 24	-23.4%
5Y	37.36%	Jun 30, 24	-23.4%
All	45.93%	Dec 31, 93	-37.7%

Quarterly Gross Margin Lows

CAT Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	28.62%	Dec 31, 25	at low
3Y	28.62%	Dec 31, 25	at low
5Y	26.96%	Dec 31, 21	+6.2%
All	19.99%	Dec 31, 08	+43.2%

Quarterly Gross Margin History

Month	Value	Change
Dec 2025	28.62%	-10.3%
Sep 2025	31.89%	-3.2%
Jun 2025	32.96%	-5.5%
Mar 2025	34.88%	+1.4%
Dec 2024	34.41%	-3.6%
Sep 2024	35.71%	-4.4%
Jun 2024	37.36%	+0.4%
Mar 2024	37.20%	+9.3%
Dec 2023	34.04%	-4.3%
Sep 2023	35.58%	+2.2%
Jun 2023	34.80%	-0.6%
Mar 2023	35.02%	+16.5%
Dec 2022	30.06%	-3.2%
Sep 2022	31.04%	+6.4%
Jun 2022	29.18%	+0.8%
Mar 2022	28.94%	+7.3%
Dec 2021	26.96%	-9.2%
Sep 2021	29.69%	-2.1%
Jun 2021	30.34%	-3.7%
Mar 2021	31.52%	+6.0%
Dec 2020	29.73%	+2.6%
Sep 2020	28.99%	+4.4%
Jun 2020	27.78%	-8.0%
Mar 2020	30.20%	+3.2%
Dec 2019	29.26%	-6.8%
Sep 2019	31.39%	+3.8%
Jun 2019	30.24%	-5.2%
Mar 2019	31.90%	+8.4%
Dec 2018	29.42%	-8.5%
Sep 2018	32.17%	+1.5%
Jun 2018	31.70%	-2.0%
Mar 2018	32.34%	+9.5%
Dec 2017	29.53%	-6.8%
Sep 2017	31.67%	+5.5%
Jun 2017	30.02%	+1.7%
Mar 2017	29.52%	+40.9%
Dec 2016	20.95%	-24.6%
Sep 2016	27.77%	+1.8%
Jun 2016	27.27%	+2.1%
Mar 2016	26.70%	+9.0%
Dec 2015	24.50%	-6.3%
Sep 2015	26.15%	-5.5%
Jun 2015	27.68%	-5.2%
Mar 2015	29.21%	+16.2%
Dec 2014	25.14%	-9.4%
Sep 2014	27.75%	+3.3%
Jun 2014	26.86%	-2.4%
Mar 2014	27.53%	+7.5%
Dec 2013	25.61%	-1.0%
Sep 2013	25.87%	+3.2%
Jun 2013	25.07%	-2.1%
Mar 2013	25.61%	+3.7%
Dec 2012	24.70%	-11.9%
Sep 2012	28.03%	-0.6%
Jun 2012	28.19%	-0.8%
Mar 2012	28.42%	+14.6%
Dec 2011	24.79%	-3.9%
Sep 2011	25.79%	-1.5%
Jun 2011	26.17%	-8.3%
Mar 2011	28.54%	+12.6%
Dec 2010	25.34%	-10.9%
Sep 2010	28.43%	+5.0%
Jun 2010	27.07%	+4.8%
Mar 2010	25.83%	+11.6%
Dec 2009	23.15%	-6.6%
Sep 2009	24.79%	-0.4%
Jun 2009	24.89%	+16.4%
Mar 2009	21.39%	+7.0%
Dec 2008	19.99%	-13.4%
Sep 2008	23.07%	-5.2%
Jun 2008	24.34%	-1.1%
Mar 2008	24.60%	+1.9%
Dec 2007	24.14%	-4.2%
Sep 2007	25.20%	+3.1%

Month	Value	Change
Jun 2007	24.45%	-6.1%
Mar 2007	26.05%	+3.7%
Dec 2006	25.11%	0.0%
Sep 2006	25.11%	-9.2%
Jun 2006	27.66%	-0.4%
Mar 2006	27.77%	+5.6%
Dec 2005	26.29%	+5.7%
Sep 2005	24.87%	+1.8%
Jun 2005	24.42%	+4.2%
Mar 2005	23.43%	-4.1%
Dec 2004	24.42%	-2.3%
Sep 2004	24.99%	-6.2%
Jun 2004	26.64%	-3.0%
Mar 2004	27.45%	+9.4%
Dec 2003	25.09%	-0.8%
Sep 2003	25.28%	-6.4%
Jun 2003	27.02%	+0.4%
Mar 2003	26.90%	+1.9%
Dec 2002	26.39%	-3.3%
Sep 2002	27.29%	+0.6%
Jun 2002	27.12%	-0.7%
Mar 2002	27.31%	-2.7%
Dec 2001	28.06%	+2.3%
Sep 2001	27.43%	-1.8%
Jun 2001	27.93%	-0.3%
Mar 2001	28.02%	-36.4%
Dec 2000	44.09%	+100.1%
Sep 2000	22.03%	-6.7%
Jun 2000	23.61%	+5.2%
Mar 2000	22.44%	-44.6%
Dec 1999	40.47%	+88.9%
Sep 1999	21.42%	-2.7%
Jun 1999	22.02%	+1.4%
Mar 1999	21.72%	-43.7%
Dec 1998	38.61%	+66.1%
Sep 1998	23.24%	-7.0%
Jun 1998	25.00%	-4.6%
Mar 1998	26.20%	-20.0%
Dec 1997	32.76%	-0.3%
Sep 1997	32.85%	-0.5%
Jun 1997	33.00%	-4.3%
Mar 1997	34.49%	+5.0%
Dec 1996	32.86%	+1.7%
Sep 1996	32.31%	-2.0%
Jun 1996	32.97%	+1.1%
Mar 1996	32.62%	+9.4%
Dec 1995	29.81%	+8.7%
Sep 1995	27.43%	-9.5%
Jun 1995	30.31%	-0.9%
Mar 1995	30.59%	-27.8%
Dec 1994	42.36%	+78.0%
Sep 1994	23.80%	-17.9%
Jun 1994	28.99%	-2.0%
Mar 1994	29.58%	-35.6%
Dec 1993	45.93%	+110.4%
Sep 1993	21.83%	-18.2%
Jun 1993	26.68%	+4.1%
Mar 1993	25.62%	+19.3%
Dec 1992	21.47%	-20.5%
Sep 1992	27.01%	+24.8%
Jun 1992	21.65%	-1.7%
Mar 1992	22.03%	+1.6%
Dec 1991	21.68%	-12.2%
Sep 1991	24.68%	+10.1%
Jun 1991	22.41%	-2.5%
Mar 1991	22.99%	-6.0%
Dec 1990	24.45%	-1.0%
Sep 1990	24.69%	+7.6%
Jun 1990	22.94%	-5.2%
Mar 1990	24.21%	-3.2%
Dec 1989	25.02%	-3.6%
Sep 1989	25.96%	+2.9%
Jun 1989	25.22%	-

FAQ

What is the current quarterly gross margin of CAT?
As of today, CAT quarterly gross margin is 28.62%
What is CAT quarterly gross margin most recent change?
CAT quarterly gross margin was down -10.25% on December 31, 2025
What is 1-year change in CAT quarterly gross margin?
CAT quarterly gross margin is down -16.83% year-over-year
How far is CAT quarterly gross margin from its all-time high?
CAT quarterly gross margin is currently -37.69% below its historical high of 45.93% set on December 31, 1993
How does CAT quarterly gross margin rank versus sector peers?
CAT quarterly gross margin is higher than 55.61% of companies in Industrials sector
When is CAT next earnings release?
The next earnings release for CAT is on April 30, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

CAT Official Website www.caterpillar.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/18230/000001823026000003/0000018230-26-000003-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/18230/000001823026000003/0000018230-26-000003-index.htm
CAT Profile on Yahoo Finance finance.yahoo.com/quote/CAT
CAT Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/cat