Caterpillar Inc (CAT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 23,324,000 | 23,263,000 | 17,512,000 | 15,003,000 | 12,077,000 |
| Revenue | US$ in thousands | 64,809,000 | 67,060,000 | 59,427,000 | 50,971,000 | 41,748,000 |
| Gross profit margin | 35.99% | 34.69% | 29.47% | 29.43% | 28.93% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $23,324,000K ÷ $64,809,000K
= 35.99%
Caterpillar Inc's gross profit margin has shown steady improvement over the period from December 31, 2020, to December 31, 2024. Starting at 28.93% in 2020, the margin increased gradually to 29.43% in 2021, and further to 29.47% in 2022. The significant leap in 2023 saw the margin rise notably to 34.69%, indicating improved efficiency in generating profits from sales. The trend continued in 2024, with the gross profit margin reaching 35.99%, reflecting strong management of costs and pricing strategies. Overall, the consistent growth in gross profit margin demonstrates Caterpillar Inc's ability to effectively manage production costs and maximize profitability over the years.
Peer comparison
Dec 31, 2024