Caterpillar Inc (CAT)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 10,335,000 | 9,113,000 | 8,360,000 | 7,111,000 | 6,705,000 | 7,371,000 | 6,756,000 | 6,496,000 | 6,489,000 | 7,155,000 | 6,397,000 | 5,442,000 | 5,004,000 | 5,487,000 | 6,313,000 | 7,475,000 | 8,264,000 | 8,638,000 | 8,871,000 | 8,958,000 |
| 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 |
| Net profit margin | 15.41% | 13.69% | 12.91% | 11.53% | 11.28% | 13.02% | 12.50% | 12.33% | 12.73% | 14.78% | 13.94% | 12.66% | 11.99% | 12.57% | 13.57% | 14.67% | 15.36% | 15.71% | 15.91% | 16.19% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $10,335,000K ÷ $67,060,000K
= 15.41%
To analyze Caterpillar Inc.'s net profit margin over the past eight quarters, we can observe a trend of fluctuation. In Q4 2022, the net profit margin was at 11.28%, which increased to 13.02% in Q3 2022 before decreasing slightly in Q2 2022 to 12.50% and further to 12.33% in Q1 2022.
In Q1 2023, there was a significant improvement in the net profit margin, reaching 11.53%, and this trend continued with Q2 2023 reporting a further increase to 12.91%. However, in Q3 2023, there was a slight decline to 13.69% before dropping to 15.41% in Q4 2023.
Overall, the fluctuations in Caterpillar Inc.'s net profit margin over these quarters suggest some variability in the company's profitability performance. It is important for stakeholders to further investigate the reasons behind these changes and assess the company's ability to maintain and improve its profitability in the future.
Peer comparison
Dec 31, 2023