Current Net Margin
12.55%
Caterpillar Inc. currently has a net profit margin of 12.55%. Net margin is a key efficiency ratio that measures what percentage of each dollar of revenue actually results in profit for the company.
Historical Margin Data
Quarterly and annual profitability trends
| Date | Revenue ($B) | Net Income ($B) | Net Margin | Change (bps) |
|---|---|---|---|---|
| 2025-12-31 | 19.13 | 2.40 | 12.55% | ▼43 |
| 2025-09-30 | 17.64 | 2.29 | 12.98% | ▼17 |
| 2025-06-30 | 16.57 | 2.18 | 13.15% | ▼91 |
| 2025-03-31 | 14.25 | 2.00 | 14.06% | ▼316 |
| 2024-12-31 | 16.21 | 2.79 | 17.21% | ▲191 |
| 2024-09-30 | 16.11 | 2.46 | 15.30% | ▼77 |
| 2024-06-30 | 16.69 | 2.68 | 16.06% | ▼201 |
| 2024-03-31 | 15.80 | 2.86 | 18.08% | ▲240 |
| 2023-12-31 | 17.07 | 2.68 | 15.68% | ▼94 |
| 2023-09-30 | 16.81 | 2.79 | 16.62% | ▼25 |
| 2023-06-30 | 17.32 | 2.92 | 16.87% | ▲462 |
| 2023-03-31 | 15.86 | 1.94 | 12.25% | ▲349 |
| 2022-12-31 | 16.60 | 1.45 | 8.76% | ▼485 |
| 2022-09-30 | 14.99 | 2.04 | 13.61% | ▲187 |
| 2022-06-30 | 14.25 | 1.67 | 11.74% | ▲43 |
| 2022-03-31 | 13.59 | 1.54 | 11.31% | ▼405 |
| 2021-12-31 | 13.80 | 2.12 | 15.36% | ▲386 |
| 2021-09-30 | 12.40 | 1.43 | 11.50% | ▲54 |
| 2021-06-30 | 12.89 | 1.41 | 10.96% | ▼191 |
| 2021-03-31 | 11.89 | 1.53 | 12.87% | ▲593 |
| 2020-12-31 | 11.23 | 0.78 | 6.94% | ▲18 |
| 2020-09-30 | 9.88 | 0.67 | 6.76% | ▲218 |
| 2020-06-30 | 10.00 | 0.46 | 4.58% | ▼569 |
| 2020-03-31 | 10.63 | 1.09 | 10.27% | ▲191 |
| 2019-12-31 | 13.14 | 1.10 | 8.35% | ▼336 |
| 2019-09-30 | 12.76 | 1.49 | 11.71% | ▲49 |
| 2019-06-30 | 14.43 | 1.62 | 11.23% | ▼274 |
| 2019-03-31 | 13.47 | 1.88 | 13.97% | ▲666 |
| 2018-12-31 | 14.34 | 1.05 | 7.31% | ▼548 |
| 2018-09-30 | 13.51 | 1.73 | 12.78% | ▲60 |
| 2018-06-30 | 14.01 | 1.71 | 12.18% | ▼76 |
| 2018-03-31 | 12.86 | 1.67 | 12.95% | ▲2302 |
| 2017-12-31 | 12.90 | -1.30 | -10.07% | ▼1935 |
| 2017-09-30 | 11.41 | 1.06 | 9.28% | ▲220 |
| 2017-06-30 | 11.33 | 0.80 | 7.08% | ▲512 |
| 2017-03-31 | 9.82 | 0.19 | 1.95% | ▲1419 |
| 2016-12-31 | 9.57 | -1.17 | -12.23% | ▼1532 |
| 2016-09-30 | 9.16 | 0.28 | 3.09% | ▼223 |
| 2016-06-30 | 10.34 | 0.55 | 5.32% | ▲245 |
| 2016-03-31 | 9.46 | 0.27 | 2.86% | ▲365 |
| 2015-12-31 | 11.03 | -0.09 | -0.79% | ▼589 |
| 2015-09-30 | 10.96 | 0.56 | 5.10% | ▼141 |
| 2015-06-30 | 12.32 | 0.80 | 6.51% | ▼329 |
| 2015-03-31 | 12.70 | 1.25 | 9.80% | ▲449 |
| 2014-12-31 | 14.24 | 0.76 | 5.31% | ▼219 |
| 2014-09-30 | 13.55 | 1.02 | 7.51% | ▲45 |
| 2014-06-30 | 14.15 | 1.00 | 7.06% | ▲10 |
| 2014-03-31 | 13.24 | 0.92 | 6.96% | ▼0 |
| 2013-12-31 | 14.40 | 1.00 | 6.96% | ▼8 |
| 2013-09-30 | 13.42 | 0.95 | 7.05% | ▲48 |
| 2013-06-30 | 14.62 | 0.96 | 6.57% | ▼10 |
| 2013-03-31 | 13.21 | 0.88 | 6.66% | ▲233 |
| 2012-12-31 | 16.07 | 0.70 | 4.34% | ▼600 |
| 2012-09-30 | 16.45 | 1.70 | 10.33% | ▲55 |
| 2012-06-30 | 17.37 | 1.70 | 9.78% | ▼15 |
| 2012-03-31 | 15.98 | 1.59 | 9.92% | ▲95 |
| 2011-12-31 | 17.24 | 1.55 | 8.97% | ▲171 |
| 2011-09-30 | 15.72 | 1.14 | 7.26% | ▲13 |
| 2011-06-30 | 14.23 | 1.01 | 7.13% | ▼233 |
| 2011-03-31 | 12.95 | 1.23 | 9.46% | ▲190 |
| 2010-12-31 | 12.81 | 0.97 | 7.56% | ▲45 |
| 2010-09-30 | 11.13 | 0.79 | 7.11% | ▲32 |
| 2010-06-30 | 10.41 | 0.71 | 6.79% | ▲396 |
| 2010-03-31 | 8.24 | 0.23 | 2.83% | ▼11 |
| 2009-12-31 | 7.90 | 0.23 | 2.94% | ▼260 |
| 2009-09-30 | 7.30 | 0.40 | 5.54% | ▲88 |
| 2009-06-30 | 7.97 | 0.37 | 4.65% | ▲587 |
| 2009-03-31 | 9.22 | -0.11 | -1.21% | ▼633 |
| 2008-12-31 | 12.92 | 0.66 | 5.11% | ▼157 |
| 2008-09-30 | 12.98 | 0.87 | 6.69% | ▼143 |
| 2008-06-30 | 13.62 | 1.11 | 8.12% | ▲30 |
| 2008-03-31 | 11.80 | 0.92 | 7.82% | ▼21 |
| 2007-12-31 | 12.14 | 0.97 | 8.03% | ▼7 |
| 2007-09-30 | 11.44 | 0.93 | 8.10% | ▲85 |
| 2007-06-30 | 11.36 | 0.82 | 7.25% | ▼90 |
| 2007-03-31 | 10.02 | 0.82 | 8.15% | ▲13 |
| 2006-12-31 | 11.00 | 0.88 | 8.02% | ▲70 |
| 2006-09-30 | 10.52 | 0.77 | 7.31% | ▼255 |
| 2006-06-30 | 10.61 | 1.05 | 9.86% | ▲92 |
| 2006-03-31 | 9.39 | 0.84 | 8.94% | ▲19 |
| 2005-12-31 | 9.66 | 0.85 | 8.76% | ▲132 |
| 2005-09-30 | 8.98 | 0.67 | 7.43% | ▼69 |
| 2005-06-30 | 9.36 | 0.76 | 8.12% | ▲115 |
| 2005-03-31 | 8.34 | 0.58 | 6.97% | ▲54 |
| 2004-12-31 | 8.57 | 0.55 | 6.43% | ▼7 |
| 2004-09-30 | 7.66 | 0.50 | 6.50% | ▼96 |
| 2004-06-30 | 7.58 | 0.57 | 7.46% | ▲98 |
| 2004-03-31 | 6.48 | 0.42 | 6.48% | ▲108 |
| 2003-12-31 | 6.46 | 0.35 | 5.40% | ▲139 |
| 2003-09-30 | 5.54 | 0.22 | 4.00% | ▼272 |
| 2003-06-30 | 5.93 | 0.40 | 6.73% | ▲405 |
| 2003-03-31 | 4.82 | 0.13 | 2.68% | ▼300 |
| 2002-12-31 | 5.38 | 0.30 | 5.67% | ▲148 |
| 2002-09-30 | 5.08 | 0.21 | 4.20% | ▲42 |
| 2002-06-30 | 5.29 | 0.20 | 3.78% | ▲197 |
| 2002-03-31 | 4.41 | 0.08 | 1.81% | ▼146 |
| 2001-12-31 | 5.10 | 0.17 | 3.28% | ▼78 |
| 2001-09-30 | 5.06 | 0.20 | 4.05% | ▼88 |
| 2001-06-30 | 5.49 | 0.27 | 4.94% | ▲157 |
| 2001-03-31 | 4.81 | 0.16 | 3.37% | ▼179 |
| 2000-12-31 | 5.11 | 0.26 | 5.16% | ▲64 |
| 2000-09-30 | 4.78 | 0.22 | 4.52% | ▼135 |
| 2000-06-30 | 5.36 | 0.32 | 5.87% | ▲63 |
| 2000-03-31 | 4.92 | 0.26 | 5.24% | ▲48 |
| 1999-12-31 | 5.02 | 0.24 | 4.76% | ▲12 |
| 1999-09-30 | 4.71 | 0.22 | 4.64% | ▼90 |
| 1999-06-30 | 5.10 | 0.28 | 5.55% | ▲134 |
| 1999-03-31 | 4.87 | 0.20 | 4.21% | ▼136 |
| 1998-12-31 | 5.41 | 0.30 | 5.57% | ▼93 |
| 1998-09-30 | 5.17 | 0.34 | 6.50% | ▼146 |
| 1998-06-30 | 5.60 | 0.45 | 7.96% | ▼101 |
| 1998-03-31 | 4.79 | 0.43 | 8.97% | ▲28 |
| 1997-12-31 | 5.19 | 0.45 | 8.68% | ▲32 |
| 1997-09-30 | 4.60 | 0.39 | 8.37% | ▼56 |
| 1997-06-30 | 4.87 | 0.43 | 8.93% | ▼31 |
| 1997-03-31 | 4.26 | 0.39 | 9.24% | ▲71 |
| 1996-12-31 | 4.46 | 0.38 | 8.53% | ▲85 |
| 1996-09-30 | 4.03 | 0.31 | 7.69% | ▼126 |
| 1996-06-30 | 4.18 | 0.37 | 8.95% | ▲125 |
| 1996-03-31 | 3.84 | 0.30 | 7.70% | — |
* Net margin = (Net Income / Total Revenue) * 100. Based on official SEC filings.