Caterpillar Inc. (CAT) Gross Margin: 32.52%
Is Caterpillar Inc.’s gross margin high or low?
Caterpillar Inc.'s gross margin of 32.52% is in line with its 5-year average of 31.81%, around the middle of its 5-year range (28.93%–35.99%).
The gross margin for Caterpillar Inc. (CAT) is 32.52% as of Wednesday, June 10, 2026. It is below its 12-month average by 4.81% (34.17%).
CAT Gross Margin Chart
CAT Average Gross Margin Chart
CAT Current vs Average Gross Margin Chart
CAT Gross Margin Metrics
GROSS MARGIN
32.52%
GROSS MARGIN AVG TTM
34.17%
GROSS MARGIN AVG 3Y
33.12%
GROSS MARGIN AVG 5Y
31.81%
GROSS MARGIN AVG 10Y
30.48%
GROSS MARGIN AVG 15Y
29.12%
GROSS MARGIN AVG 20Y
28.60%
CURRENT VS TTM AVG
-4.81%
CURRENT VS 3Y AVG
-1.82%
CURRENT VS 5Y AVG
+2.24%
CURRENT VS 10Y AVG
+6.68%
CURRENT VS 15Y AVG
+11.66%
CURRENT VS 20Y AVG
+13.71%
CAT Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Caterpillar Inc. (CAT) | $395.52B | 32.52% | 34.17% | 33.12% | 31.81% |
| GE Aerospace (GE) | $334.58B | 34.82% | 37.01% | 35.99% | 31.81% |
| RTX Corporation (RTX) | $239.13B | 20.21% | 19.59% | 19.27% | 18.60% |
| Siemens AG (SIEGY) | $228.62B | 38.85% | 38.90% | 38.15% | 37.52% |
| The Boeing Company (BA) | $164.76B | 4.79% | 0.90% | 4.26% | 2.03% |
| Union Pacific Corporation (UNP) | $159.00B | 45.67% | 52.45% | 48.40% | 48.13% |
| Deere & Company (DE) | $152.34B | 35.40% | 36.48% | 37.36% | 34.93% |
| Eaton Corporation plc (ETN) | $146.50B | 36.89% | 37.89% | 36.35% | 34.68% |
| Honeywell International Inc. (HON) | $130.57B | 36.95% | 37.70% | 37.47% | 36.30% |
| Lockheed Martin Corporation (LMT) | $121.37B | 9.82% | 9.95% | 11.25% | 11.96% |
Gross Margin Analysis
Gross Margin
32.5%
(Revenue - COGS) / Revenue
Caterpillar Inc. Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Caterpillar Inc. Gross Margin FAQ
- What is the gross margin for Caterpillar Inc. (CAT)?
- The gross margin for CAT stock is 32.52%.
- Is Caterpillar Inc.'s gross margin high or low?
- Caterpillar Inc.'s gross margin of 32.52% is in line with its 5-year average of 31.81%, around the middle of its 5-year range (28.93%–35.99%).
- What is the TTM average gross margin for Caterpillar Inc. (CAT)?
- The TTM average gross margin for CAT stock is 34.17%.
- What is the 3Y average gross margin for Caterpillar Inc. (CAT)?
- The 3Y average gross margin for CAT stock is 33.12%.
- What is the 5Y average gross margin for Caterpillar Inc. (CAT)?
- The 5Y average gross margin for CAT stock is 31.81%.
- What is the 10Y average gross margin for Caterpillar Inc. (CAT)?
- The 10Y average gross margin for CAT stock is 30.48%.
- What is the 15Y average gross margin for Caterpillar Inc. (CAT)?
- The 15Y average gross margin for CAT stock is 29.12%.
- What is the 20Y average gross margin for Caterpillar Inc. (CAT)?
- The 20Y average gross margin for CAT stock is 28.60%.
Caterpillar Inc. Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 32.34% |
| 2024-12-31 | 35.99% |
| 2023-12-31 | 34.69% |
| 2022-12-31 | 29.47% |
| 2021-12-31 | 29.43% |
| 2020-12-31 | 28.93% |
| 2019-12-31 | 30.51% |
| 2018-12-31 | 31.07% |
| 2017-12-31 | 29.82% |
| 2016-12-31 | 25.68% |
| 2015-12-31 | 27.39% |
| 2014-12-31 | 25.08% |
| 2013-12-31 | 25.52% |
| 2012-12-31 | 27.36% |
| 2011-12-31 | 26.16% |
| 2010-12-31 | 26.55% |
| 2009-12-31 | 26.27% |
| 2008-12-31 | 25.15% |
| 2007-12-31 | 27.43% |
| 2006-12-31 | 28.83% |
| 2005-12-31 | 26.92% |
| 2004-12-31 | 23.30% |
| 2003-12-31 | 25.47% |
| 2002-12-31 | 24.84% |
| 2001-12-31 | 25.58% |
| 2000-12-31 | 28.14% |
| 1999-12-31 | 31.30% |
| 1998-12-31 | 32.47% |
| 1997-12-31 | 33.23% |
| 1996-12-31 | 32.60% |
Related Metrics
About Caterpillar Inc.
Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company's extensive offerings are organized into several operational divisions: Construction Industries: This segment delivers a broad spectrum of machinery for construction projects, including asphalt pavers, versatile backhoe and skid steer loaders, various sizes of excavators (from compact to heavy-duty), compactors, road-building equipment like cold planers and motorgraders, pipelayers, site preparation tractors, telehandlers, and utility vehicles, alongside a range of wheel loaders and track-type equipment. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capital loans, and wholesale financing schemes. It also offers insurance and risk management products tailored for vehicles, power generation facilities, and marine vessels. All Other: This encompassing segment is responsible for manufacturing essential consumables and components like filters, fluids, undercarriage parts, and ground engaging tools.
- Sector
- Industrials
- Industry
- Agricultural - Machinery
- CEO
- Joseph E. Creed