Caterpillar Inc. is the world's largest construction equipment manufacturer with headquarters in Peoria, Illinois. In addition to construction machinery, Caterpillar also manufactures diesel engines, gas engines and industrial gas turbines.
Operating Margin for Caterpillar (CAT)
Operating Margin as of June 2025 (TTM): 20.63%
According to Caterpillar's latest financial reports and stock price the company's current Operating Margin is 20.63%. At the end of 2024 the company had an Operating Margin of 20.63%.
Operating Margin history for Caterpillar from 2001 to 2025
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2024 | 20.63% | 6.03% |
| 2023 | 19.46% | 32.14% |
| 2022 | 14.73% | -8.5% |
| 2021 | 16.10% | 68.2% |
| 2020 | 9.57% | -34.1% |
| 2019 | 14.52% | 1.58% |
| 2018 | 14.29% | 59.2% |
| 2017 | 8.98% | 2389.36% |
| 2016 | 0.36% | -95.07% |
| 2015 | 7.32% | 28.07% |
| 2014 | 5.71% | -38.01% |
| 2013 | 9.21% | -26.3% |
| 2012 | 12.50% | 11.8% |
| 2011 | 11.18% | 27% |
| 2010 | 8.81% | 401.33% |
| 2009 | 1.76% | -79.97% |
| 2008 | 8.77% | -20.99% |
| 2007 | 11.10% | -5.2% |
| 2006 | 11.71% | 9.07% |
| 2005 | 10.74% | 20.18% |
| 2004 | 8.93% | 37.93% |
| 2003 | 6.48% | 17.15% |
| 2002 | 5.53% | -3.3% |
| 2001 | 5.72% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Deere & Company (John Deere) DE | 18.22% | -11.68% | 🇺🇸 USA |
 Cummins
CMI | 11.21% | -45.66% | 🇺🇸 USA |
 CNH Industrial
CNH | 6.45% | -68.73% | 🇬🇧 UK |
 Astec Industries
ASTE | 2.18% | -89.43% | 🇺🇸 USA |
 General Electric GE | 19.68% | -4.60% | 🇺🇸 USA |
What is a company's Operating Margin?
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.