Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 17.71% is in line with its 5-year average of 16.68%, around the middle of its 5-year range (10.12%–22.27%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.65% above its 12-month average of 16.93%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
17.71%
OPERATING MARGIN AVG TTM
16.93%
OPERATING MARGIN AVG 3Y
18.66%
OPERATING MARGIN AVG 5Y
16.68%
OPERATING MARGIN AVG 10Y
14.27%
OPERATING MARGIN AVG 15Y
13.26%
OPERATING MARGIN AVG 20Y
12.37%
CURRENT VS TTM AVG
+4.65%
CURRENT VS 3Y AVG
-5.05%
CURRENT VS 5Y AVG
+6.18%
CURRENT VS 10Y AVG
+24.16%
CURRENT VS 15Y AVG
+33.61%
CURRENT VS 20Y AVG
+43.15%
SECTOR MEDIAN · INDUSTRIALS
13.49%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+31.32%
vs the sector median at left
Caterpillar Inc.
Market Cap
$375.33B
Operating Margin
17.71%
TTM Avg
16.93%
3Y Avg
18.66%
5Y Avg
16.68%
Market Cap
$189.10B
Operating Margin
16.35%
TTM Avg
16.88%
3Y Avg
16.63%
5Y Avg
16.14%
Market Cap
$173.55B
Operating Margin
39.93%
TTM Avg
40.09%
3Y Avg
39.43%
5Y Avg
40.11%
Market Cap
$170.83B
Operating Margin
-5.41%
TTM Avg
-11.16%
3Y Avg
-7.16%
5Y Avg
-9.20%
Market Cap
$161.22B
Operating Margin
17.68%
TTM Avg
19.30%
3Y Avg
17.86%
5Y Avg
16.51%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Caterpillar Inc. (CAT) | $375.33B | 17.71% | 16.93% | 18.66% | 16.68% |
| GE Aerospace (GE)vs › | $373.60B | 20.79% | 18.30% | 15.57% | 10.78% |
| RTX Corporation (RTX)vs › | $290.06B | 11.21% | 9.30% | 8.00% | 6.10% |
| Siemens AG (SIEGY)vs › | $250.58B | 11.70% | 12.00% | 11.66% | 10.82% |
| Schneider Electric S.E. (SBGSY)vs › | $189.10B | 16.35% | 16.88% | 16.63% | 16.14% |
| ABB Ltd (ABBNY)vs › | $179.01B | 17.29% | 16.82% | 15.02% | 14.32% |
| Union Pacific Corporation (UNP)vs › | $173.55B | 39.93% | 40.09% | 39.43% | 40.11% |
| The Boeing Company (BA)vs › | $170.83B | -5.41% | -11.16% | -7.16% | -9.20% |
| Eaton Corporation plc (ETN)vs › | $161.22B | 17.68% | 19.30% | 17.86% | 16.51% |
| Deere & Company (DE)vs › | $159.98B | 18.38% | 18.84% | 21.89% | 20.22% |
Gross Margin
32.5%
Operating Margin
17.7%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 17.71% |
| 2025-12-31 | 13.90% |
| 2025-09-30 | 17.30% |
| 2025-06-30 | 17.62% |
| 2025-03-31 | 18.10% |
| 2024-12-31 | 18.03% |
| 2024-09-30 | 19.54% |
| 2024-06-30 | 20.86% |
| 2024-03-31 | 22.27% |
| 2023-12-31 | 18.36% |
| 2023-09-30 | 20.52% |
| 2023-06-30 | 21.09% |
| 2023-03-31 | 17.22% |
| 2022-12-31 | 10.12% |
| 2022-09-30 | 16.17% |
| 2022-06-30 | 13.64% |
| 2022-03-31 | 13.65% |
| 2021-12-31 | 11.68% |
| 2021-09-30 | 13.42% |
| 2021-06-30 | 13.88% |
| 2021-03-31 | 15.26% |
| 2020-12-31 | 12.28% |
| 2020-09-30 | 9.97% |
| 2020-06-30 | 7.84% |
| 2020-03-31 | 13.20% |
| 2019-12-31 | 14.07% |
| 2019-09-30 | 15.83% |
| 2019-06-30 | 15.33% |
| 2019-03-31 | 16.39% |
| 2018-12-31 | 13.13% |
| 2018-09-30 | 15.80% |
| 2018-06-30 | 15.47% |
| 2018-03-31 | 16.39% |
| 2017-12-31 | 9.00% |
| 2017-09-30 | 13.22% |
| 2017-06-30 | 10.45% |
| 2017-03-31 | 3.87% |
| 2016-12-31 | -13.18% |
| 2016-09-30 | 5.25% |
| 2016-06-30 | 7.59% |
| 2016-03-31 | 5.22% |
| 2015-12-31 | -1.03% |
| 2015-09-30 | 8.44% |
| 2015-06-30 | 10.82% |
| 2015-03-31 | 13.40% |
| 2014-12-31 | 7.46% |
| 2014-09-30 | 10.27% |
| 2014-06-30 | 10.42% |
| 2014-03-31 | 10.56% |
| 2013-12-31 | 10.08% |
| 2013-09-30 | 10.44% |
| 2013-06-30 | 10.65% |
| 2013-03-31 | 9.22% |
| 2012-12-31 | 6.46% |
| 2012-09-30 | 15.79% |
| 2012-06-30 | 15.06% |
| 2012-03-31 | 14.54% |
| 2011-12-31 | 11.37% |
| 2011-09-30 | 11.19% |
| 2011-06-30 | 11.25% |
| 2011-03-31 | 14.16% |
| 2010-12-31 | 10.08% |
| 2010-09-30 | 10.66% |
| 2010-06-30 | 9.39% |
| 2010-03-31 | 6.17% |
| 2009-12-31 | 1.62% |
| 2009-09-30 | 3.80% |
| 2009-06-30 | 4.35% |
| 2009-03-31 | -1.90% |
| 2008-12-31 | 3.54% |
| 2008-09-30 | 9.04% |
| 2008-06-30 | 11.19% |
| 2008-03-31 | 10.96% |
| 2007-12-31 | 10.33% |
| 2007-09-30 | 11.48% |
| 2007-06-30 | 10.68% |
| 2007-03-31 | 11.38% |
| 2006-12-31 | 10.42% |
| 2006-09-30 | 10.25% |
| 2006-06-30 | 13.95% |
| 2006-03-31 | 12.97% |
| 2005-12-31 | 11.04% |
| 2005-09-30 | 10.47% |
| 2005-06-30 | 10.91% |
| 2005-03-31 | 9.07% |
| 2004-12-31 | 8.12% |
| 2004-09-30 | 8.66% |
| 2004-06-30 | 10.15% |
| 2004-03-31 | 8.77% |
| 2003-12-31 | 7.72% |
| 2003-09-30 | 6.94% |
| 2003-06-30 | 9.81% |
| 2003-03-31 | 4.60% |
| 2002-12-31 | 7.94% |
| 2002-09-30 | 6.48% |
| 2002-06-30 | 7.43% |
