Caterpillar Inc (CAT)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 24,293,000 | 23,222,000 | 21,787,000 | 19,806,000 | 18,077,000 | 16,889,000 | 15,877,000 | 15,613,000 | 15,458,000 | 14,449,000 | 12,978,000 | 11,167,000 | 9,940,000 | 10,423,000 | 11,519,000 | 13,052,000 | 14,125,000 | 14,499,000 | 14,835,000 | 14,962,000 |
| Revenue (ttm) | US$ in thousands | 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 | 53,800,000 | 54,998,000 | 55,750,000 | 55,329,000 |
| Gross profit margin | 36.23% | 34.87% | 33.64% | 32.10% | 30.42% | 29.82% | 29.38% | 29.64% | 30.33% | 29.85% | 28.28% | 25.97% | 23.81% | 23.87% | 24.75% | 25.61% | 26.25% | 26.36% | 26.61% | 27.04% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $24,293,000K ÷ $67,060,000K
= 36.23%
The gross profit margin of Caterpillar Inc. has shown a steady upward trend over the past 8 quarters, indicating improved profitability in their core operations. The margins have consistently expanded from 29.64% in Q1 2022 to 36.23% in Q4 2023. This demonstrates the company's ability to effectively manage costs related to production and sales, resulting in a higher percentage of each sales dollar retained as gross profit. The increasing trend suggests that Caterpillar has been successful in enhancing operational efficiency, pricing strategies, or product mix, which bodes well for the company's overall financial performance.
Peer comparison
Dec 31, 2023