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Caterpillar Inc. (CAT) Gross margin

annual gross margin:

35.99%+1.30%(+3.75%)
December 31, 2024

Summary

  • As of today (August 3, 2025), CAT annual gross profit margin is 35.99%, with the most recent change of +1.30% (+3.75%) on December 31, 2024.
  • During the last 3 years, CAT annual gross margin has risen by +6.56% (+22.29%).
  • CAT annual gross margin is now at all-time high.

Performance

1-year change

+3.75%

3-year change

+22.29%

5-year change

+17.96%

15-year change

+20.69%

CAT Gross margin Chart

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Highlights

Sector rank

67.07%
CAT annual gross profit margin is higher than 67.07% of companies in Industrials sector

Range

All-time high

35.99%
CAT annual gross profit margin is currently at an all-time high

3-year low

29.43%
CAT annual gross profit margin is currently +22.29% above its 3-year low

Earnings dates

Last annual earnings report date

Dec 31, 2024
CAT previous annual earnings announcement was published on Dec 31, 2024

Next annual earnings report date

N/A
CAT next annual earnings announcement has not yet been scheduled

OtherCATprofitability metrics

Annual revenue

$64.81B
CAT annual revenue is $64.81 billion

Annual gross profit

$23.32B
CAT annual gross profit is $23.32 billion

annual operating margin

20.17%
CAT annual operating profit margin is 20.17%

annual net margin

16.65%
CAT annual net profit margin is 16.65%

quarterly gross margin:

34.80%+0.54%(+1.58%)
March 31, 2025

Summary

  • As of today (August 3, 2025), CAT quarterly gross profit margin is 34.80%, with the most recent change of +0.54% (+1.58%) on March 31, 2025.
  • Over the past year, CAT quarterly gross margin has dropped by -2.16% (-5.84%).
  • CAT quarterly gross margin is now -24.23% below its all-time high of 45.93%, reached on December 31, 1993.

Performance

3-month change

+1.58%

1-year change

-5.84%

3-year change

+20.5%

5-year change

+15.88%

CAT quarterly gross margin Chart

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Highlights

Sector rank

64.79%
CAT quarterly gross profit margin is higher than 64.79% of companies in Industrials sector

Range

All-time high

45.93%
CAT quarterly gross profit margin is currently -24.23% below its historical high of 45.93%

3-year low

28.89%
CAT quarterly gross profit margin is currently +20.46% above its 3-year low

Earnings dates

Last quarterly earnings report date

Mar 31, 2025
CAT previous earnings announcement was published on Mar 31, 2025

Next quarterly earnings report date

Aug 5, 2025
CAT next earnings announcement is scheduled for Aug 5, 2025

OtherCATprofitability metrics

Quarterly revenue

$14.25B
CAT quarterly revenue is $14.25 billion

quarterly gross profit

$4.96B
CAT quarterly gross profit is $4.96 billion

quarterly operating margin

18.10%
CAT quarterly operating profit margin is 18.10%

Quarterly net margin

14.06%
CAT quarterly net profit margin is 14.06%

Gross margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

annual gross margin

35.99%
CAT annual gross profit margin is 35.99%

Annual gross profit

$23.32B
CAT annual gross profit is $23.32 billion

Annual revenue

$64.81B
CAT annual revenue is $64.81 billion

CAT Gross margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1 y1 year+3.8%-5.8%
3 y3 years+22.3%+20.5%
5 y5 years+18.0%+15.9%

CAT Gross margin Highs & Lows

PeriodPeriodAnnual vs highAnnual vs highAnnual vs lowAnnual vs lowQuarter. vs highQuarter. vs highQuarter. vs lowQuarter. vs low
3 y3-yearat high+22.3%-6.7%+20.5%
5 y5-yearat high+24.4%-6.7%+30.0%
alltimeall timeat high+60.8%-24.2%+148.2%

CAT Gross margin History

DateAnnualQuarterly
Mar 2025
-
34.80%(+1.6%)
Dec 2024
35.99%(+3.7%)
34.26%(-3.3%)
Sep 2024
-
35.42%(-5.0%)
Jun 2024
-
37.30%(+0.9%)
Mar 2024
-
36.96%(+9.4%)
Dec 2023
34.69%(+17.7%)
33.78%(-4.5%)
Sep 2023
-
35.38%(+2.0%)
Jun 2023
-
34.69%(-0.7%)
Mar 2023
-
34.94%(+20.9%)
Dec 2022
29.47%(+0.1%)
28.89%(-6.7%)
Sep 2022
-
30.95%(+6.2%)
Jun 2022
-
29.14%(+0.9%)
Mar 2022
-
28.88%(+7.9%)
Dec 2021
29.43%(+1.7%)
26.76%(-9.6%)
Sep 2021
-
29.60%(-2.0%)
Jun 2021
-
30.20%(-4.3%)
Mar 2021
-
31.55%(+6.7%)
Dec 2020
28.93%(-5.2%)
29.58%(+3.5%)
Sep 2020
-
28.59%(+4.5%)
Jun 2020
-
27.36%(-8.9%)
Mar 2020
-
30.03%(+2.7%)
Dec 2019
30.51%(-1.8%)
29.25%(-6.7%)
Sep 2019
-
31.35%(+5.2%)
Jun 2019
-
29.79%(-6.1%)
Mar 2019
-
31.73%(+9.2%)
Dec 2018
31.07%(+4.2%)
29.05%(-8.8%)
Sep 2018
-
31.85%(+1.3%)
Jun 2018
-
31.45%(-2.0%)
Mar 2018
-
32.09%(+9.8%)
Dec 2017
29.82%(+16.1%)
29.23%(-6.6%)
Sep 2017
-
31.30%(+5.8%)
Jun 2017
-
29.59%(+1.5%)
Mar 2017
-
29.14%(+29.8%)
Dec 2016
25.68%(-6.2%)
22.45%(-17.3%)
Sep 2016
-
27.14%(+1.2%)
Jun 2016
-
26.83%(+2.1%)
Mar 2016
-
26.29%(+9.7%)
Dec 2015
27.39%(+9.2%)
23.96%(-10.9%)
Sep 2015
-
26.89%(-5.3%)
Jun 2015
-
28.38%(-4.9%)
Mar 2015
-
29.85%(+61.1%)
Dec 2014
25.08%(-1.7%)
18.53%(-33.2%)
Sep 2014
-
27.74%(+3.3%)
Jun 2014
-
26.86%(-2.4%)
Mar 2014
-
27.52%(+7.5%)
Dec 2013
25.52%(-6.7%)
25.59%(-1.0%)
Sep 2013
-
25.86%(+3.2%)
Jun 2013
-
25.05%(-2.1%)
Mar 2013
-
25.60%(+3.4%)
Dec 2012
27.36%(+4.6%)
24.75%(-11.7%)
Sep 2012
-
28.03%(-0.5%)
Jun 2012
-
28.18%(-0.8%)
Mar 2012
-
28.41%(+34.1%)
Dec 2011
26.16%(-1.5%)
21.19%(-21.8%)
Sep 2011
-
27.11%(-1.8%)
Jun 2011
-
27.60%(-8.2%)
Mar 2011
-
30.06%(+51.4%)
Dec 2010
26.55%(+1.1%)
19.86%(-34.6%)
Sep 2010
-
30.38%(+4.1%)
Jun 2010
-
29.18%(+2.6%)
Mar 2010
-
28.45%(+9.8%)
Dec 2009
26.27%(+4.5%)
25.91%(-7.4%)
Sep 2009
-
27.99%(+0.4%)
Jun 2009
-
27.87%(+17.0%)
Mar 2009
-
23.83%(+7.8%)
Dec 2008
25.15%(-8.3%)
22.11%(-12.4%)
Sep 2008
-
25.24%(-4.2%)
Jun 2008
-
26.34%(-2.5%)
Mar 2008
-
27.02%(+1.8%)
Dec 2007
27.43%(-4.9%)
26.55%(-4.2%)
Sep 2007
-
27.72%(+13.4%)
Jun 2007
-
24.45%(-6.1%)
Mar 2007
-
26.05%(-5.5%)
Dec 2006
28.83%
27.56%(-0.3%)
DateAnnualQuarterly
Sep 2006
-
27.64%(-0.1%)
Jun 2006
-
27.66%(-0.4%)
Mar 2006
-
27.77%(-2.7%)
Dec 2005
26.92%(+15.5%)
28.53%(+5.4%)
Sep 2005
-
27.07%(+10.9%)
Jun 2005
-
24.42%(+4.2%)
Mar 2005
-
23.43%(+49.0%)
Dec 2004
23.30%(-8.5%)
15.72%(-37.1%)
Sep 2004
-
24.99%(-6.2%)
Jun 2004
-
26.64%(+8.5%)
Mar 2004
-
24.55%(-19.0%)
Dec 2003
25.47%(+2.5%)
30.30%(+29.2%)
Sep 2003
-
23.46%(-5.5%)
Jun 2003
-
24.83%(+12.5%)
Mar 2003
-
22.07%(-7.4%)
Dec 2002
24.84%(-2.9%)
23.84%(-5.2%)
Sep 2002
-
25.16%(-0.2%)
Jun 2002
-
25.21%(-0.1%)
Mar 2002
-
25.24%(+8.6%)
Dec 2001
25.58%(-9.1%)
23.25%(-10.1%)
Sep 2001
-
25.85%(-2.8%)
Jun 2001
-
26.60%(+0.0%)
Mar 2001
-
26.59%(+89.7%)
Dec 2000
28.14%(-10.1%)
14.02%(-57.1%)
Sep 2000
-
32.71%(-1.4%)
Jun 2000
-
33.19%(+0.9%)
Mar 2000
-
32.89%(+5.0%)
Dec 1999
31.30%(-3.6%)
31.32%(-0.2%)
Sep 1999
-
31.39%(+0.5%)
Jun 1999
-
31.23%(-0.1%)
Mar 1999
-
31.25%(+2.5%)
Dec 1998
32.47%(-2.3%)
30.48%(-4.3%)
Sep 1998
-
31.86%(-3.5%)
Jun 1998
-
33.03%(-4.8%)
Mar 1998
-
34.71%(+6.0%)
Dec 1997
33.23%(+1.9%)
32.76%(-0.3%)
Sep 1997
-
32.85%(-0.5%)
Jun 1997
-
33.00%(-4.3%)
Mar 1997
-
34.49%(+5.0%)
Dec 1996
32.60%(+10.2%)
32.86%(+1.7%)
Sep 1996
-
32.31%(-2.0%)
Jun 1996
-
32.97%(+1.1%)
Mar 1996
-
32.62%(+9.4%)
Dec 1995
29.58%(+1.5%)
29.81%(+8.7%)
Sep 1995
-
27.43%(-9.5%)
Jun 1995
-
30.31%(-0.9%)
Mar 1995
-
30.59%(-27.8%)
Dec 1994
29.15%(+5.5%)
42.36%(+78.0%)
Sep 1994
-
23.80%(-17.9%)
Jun 1994
-
28.99%(-2.0%)
Mar 1994
-
29.58%(-35.6%)
Dec 1993
27.62%(+17.1%)
45.93%(+110.4%)
Sep 1993
-
21.83%(-18.2%)
Jun 1993
-
26.68%(+4.1%)
Mar 1993
-
25.62%(+19.3%)
Dec 1992
23.58%(+2.9%)
21.47%(-20.5%)
Sep 1992
-
27.01%(+24.8%)
Jun 1992
-
21.65%(-1.7%)
Mar 1992
-
22.03%(+1.6%)
Dec 1991
22.91%(-4.8%)
21.68%(-12.2%)
Sep 1991
-
24.68%(+10.1%)
Jun 1991
-
22.41%(-2.5%)
Mar 1991
-
22.99%(-6.0%)
Dec 1990
24.06%(-6.7%)
24.45%(-1.0%)
Sep 1990
-
24.69%(+7.6%)
Jun 1990
-
22.94%(-5.2%)
Mar 1990
-
24.21%(-3.2%)
Dec 1989
25.80%(-5.8%)
25.02%(-3.6%)
Sep 1989
-
25.96%(+2.9%)
Jun 1989
-
25.22%
Dec 1988
27.39%(+8.8%)
-
Dec 1987
25.18%(+2.1%)
-
Dec 1986
24.66%(-10.1%)
-
Dec 1985
27.43%(+22.6%)
-
Dec 1984
22.38%
-

FAQ

  • What is Caterpillar Inc. annual gross profit margin?
  • What is the all time high annual gross margin for Caterpillar Inc.?
  • What is Caterpillar Inc. annual gross margin year-on-year change?
  • What is Caterpillar Inc. quarterly gross profit margin?
  • What is the all time high quarterly gross margin for Caterpillar Inc.?
  • What is Caterpillar Inc. quarterly gross margin year-on-year change?

What is Caterpillar Inc. annual gross profit margin?

The current annual gross margin of CAT is 35.99%

What is the all time high annual gross margin for Caterpillar Inc.?

Caterpillar Inc. all-time high annual gross profit margin is 35.99%

What is Caterpillar Inc. annual gross margin year-on-year change?

Over the past year, CAT annual gross profit margin has changed by +1.30% (+3.75%)

What is Caterpillar Inc. quarterly gross profit margin?

The current quarterly gross margin of CAT is 34.80%

What is the all time high quarterly gross margin for Caterpillar Inc.?

Caterpillar Inc. all-time high quarterly gross profit margin is 45.93%

What is Caterpillar Inc. quarterly gross margin year-on-year change?

Over the past year, CAT quarterly gross profit margin has changed by -2.16% (-5.84%)
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