Caterpillar Inc (CAT)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 23,372,000 | 23,582,000 | 23,825,000 | 23,598,000 | 23,263,000 | 22,292,000 | 20,986,000 | 19,130,000 | 17,512,000 | 16,409,000 | 15,437,000 | 15,177,000 | 15,003,000 | 14,634,000 | 13,790,000 | 12,633,000 | 12,077,000 | 12,598,000 | 13,773,000 | 15,337,000 |
| Revenue (ttm) | US$ in thousands | 64,809,000 | 65,664,000 | 66,368,000 | 66,997,000 | 67,060,000 | 66,587,000 | 64,771,000 | 61,700,000 | 59,427,000 | 56,628,000 | 54,031,000 | 52,673,000 | 50,971,000 | 48,408,000 | 45,892,000 | 43,000,000 | 41,748,000 | 43,657,000 | 46,534,000 | 50,969,000 |
| Gross profit margin | 36.06% | 35.91% | 35.90% | 35.22% | 34.69% | 33.48% | 32.40% | 31.00% | 29.47% | 28.98% | 28.57% | 28.81% | 29.43% | 30.23% | 30.05% | 29.38% | 28.93% | 28.86% | 29.60% | 30.09% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $23,372,000K ÷ $64,809,000K
= 36.06%
The gross profit margin of Caterpillar Inc has shown some fluctuations over the past few years. Starting from March 31, 2020, with a margin of 30.09%, there was a slight decrease to 29.60% by June 30, 2020. The margin continued to decrease until September 30, 2020, reaching 28.86%. However, there was a slight improvement by the end of the year, with a margin of 28.93% as of December 31, 2020.
From the early months of 2021, the gross profit margin started to trend upwards, reaching 29.38% by March 31, 2021, and further increasing to 30.05% by June 30, 2021. The margin continued to improve, peaking at 36.06% by December 31, 2024.
Overall, the trend indicates that Caterpillar Inc made efforts to enhance its gross profit margin over the years, with some fluctuation in between but ultimately showing a significant increase from 2021 to 2024. This improvement could be attributed to various factors such as cost management, pricing strategies, efficiency in operations, and product mix adjustments.
Peer comparison
Dec 31, 2024