Caterpillar Inc (CAT)

Operating profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 13,072,000 12,966,000 7,904,000 6,878,000 4,553,000
Revenue US$ in thousands 64,809,000 67,060,000 59,427,000 50,971,000 41,748,000
Operating profit margin 20.17% 19.33% 13.30% 13.49% 10.91%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $13,072,000K ÷ $64,809,000K
= 20.17%

Caterpillar Inc's operating profit margin has shown a positive trend over the past five years, increasing from 10.91% as of December 31, 2020, to 20.17% as of December 31, 2024. This indicates an improvement in the company's operational efficiency and ability to generate profits from its core business activities. The steady growth in operating profit margin suggests that Caterpillar has been effectively managing its costs and enhancing revenue generation. The significant increase in the operating profit margin from 2019 to 2024, particularly the sharp rise from 2022 to 2023, demonstrates the company's ability to adapt to market conditions and improve profitability. Overall, the consistent improvement in Caterpillar Inc's operating profit margin reflects a positive financial performance and efficient utilization of resources.


Peer comparison

Dec 31, 2024

Company name
Symbol
Operating profit margin
Caterpillar Inc
CAT
20.17%
Astec Industries Inc
ASTE
1.78%
CNH Industrial N.V.
CNH
19.41%

See also:

Caterpillar Inc Operating Profit Margin