Caterpillar Inc. (CAT) Tax Rate: 23.94%
Is Caterpillar Inc.’s tax rate high or low?
Caterpillar Inc.'s tax rate of 23.94% is in line with its 5-year average of 22.43%, near the high end of its 5-year range (19.59%–25.09%).
The tax rate for Caterpillar Inc. (CAT) is 23.94%. It is above its 12-month average by 9.99% (21.77%).
CAT Tax Rate Chart
CAT Average Tax Rate Chart
CAT Current vs Average Tax Rate Chart
CAT Tax Rate Metrics
TAX RATE
23.94%
TAX RATE AVG TTM
21.77%
TAX RATE AVG 3Y
22.08%
TAX RATE AVG 5Y
22.43%
TAX RATE AVG 10Y
39.18%
TAX RATE AVG 15Y
35.05%
TAX RATE AVG 20Y
29.49%
CURRENT VS TTM AVG
+9.99%
CURRENT VS 3Y AVG
+8.44%
CURRENT VS 5Y AVG
+6.76%
CURRENT VS 10Y AVG
-38.89%
CURRENT VS 15Y AVG
-31.71%
CURRENT VS 20Y AVG
-18.83%
Caterpillar Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Caterpillar Inc. Tax Rate FAQ
- What is the tax rate for Caterpillar Inc. (CAT)?
- The tax rate for CAT stock is 23.94%.
- Is Caterpillar Inc.'s tax rate high or low?
- Caterpillar Inc.'s tax rate of 23.94% is in line with its 5-year average of 22.43%, near the high end of its 5-year range (19.59%–25.09%).
- What is the TTM average tax rate for Caterpillar Inc. (CAT)?
- The TTM average tax rate for CAT stock is 21.77%.
- What is the 3Y average tax rate for Caterpillar Inc. (CAT)?
- The 3Y average tax rate for CAT stock is 22.08%.
- What is the 5Y average tax rate for Caterpillar Inc. (CAT)?
- The 5Y average tax rate for CAT stock is 22.43%.
- What is the 10Y average tax rate for Caterpillar Inc. (CAT)?
- The 10Y average tax rate for CAT stock is 39.18%.
- What is the 15Y average tax rate for Caterpillar Inc. (CAT)?
- The 15Y average tax rate for CAT stock is 35.05%.
- What is the 20Y average tax rate for Caterpillar Inc. (CAT)?
- The 20Y average tax rate for CAT stock is 29.49%.
Caterpillar Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 23.94% |
| 2024-12-31 | 19.59% |
| 2023-12-31 | 21.21% |
| 2022-12-31 | 23.57% |
| 2021-12-31 | 21.15% |
| 2020-12-31 | 25.09% |
| 2019-12-31 | 22.27% |
| 2018-12-31 | 21.64% |
| 2017-12-31 | 81.48% |
| 2016-12-31 | 144.36% |
| 2015-12-31 | 26.64% |
| 2014-12-31 | 21.90% |
| 2013-12-31 | 25.75% |
| 2012-12-31 | 30.64% |
| 2011-12-31 | 25.67% |
| 2010-12-31 | 25.98% |
| 2009-12-31 | -48.47% |
| 2008-12-31 | 21.00% |
| 2007-12-31 | 29.33% |
| 2006-12-31 | 28.43% |
| 2005-12-31 | 28.18% |
| 2004-12-31 | 26.43% |
| 2003-12-31 | 26.59% |
| 2002-12-31 | 28.11% |
| 2001-12-31 | 31.31% |
| 2000-12-31 | 29.80% |
| 1999-12-31 | 32.48% |
| 1998-12-31 | 30.53% |
| 1997-12-31 | 32.34% |
| 1996-12-31 | 31.05% |
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