Caterpillar Inc (CAT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 12,966,000 | 11,512,000 | 10,488,000 | 8,780,000 | 7,904,000 | 7,835,000 | 7,074,000 | 6,919,000 | 6,878,000 | 6,647,000 | 5,968,000 | 4,963,000 | 4,553,000 | 5,023,000 | 6,058,000 | 7,487,000 | 8,290,000 | 8,323,000 | 8,438,000 | 8,392,000 |
| 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 |
| Operating profit margin | 19.33% | 17.29% | 16.19% | 14.23% | 13.30% | 13.84% | 13.09% | 13.14% | 13.49% | 13.73% | 13.00% | 11.54% | 10.91% | 11.51% | 13.02% | 14.69% | 15.41% | 15.13% | 15.14% | 15.17% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $12,966,000K ÷ $67,060,000K
= 19.33%
The operating profit margin of Caterpillar Inc. has shown a consistent upward trend over the past eight quarters. In Q4 2023, the operating profit margin reached 19.33%, marking the highest level in the provided data. This demonstrates Caterpillar's ability to generate profit from its core operations efficiently.
The company's operating profit margin has steadily increased from 13.14% in Q1 2022 to 19.33% in Q4 2023, indicating improved profitability and cost management. The consistent growth in operating profit margin reflects Caterpillar's effective operational strategies and financial performance.
Overall, Caterpillar's operating profit margin analysis suggests that the company has been successful in optimizing its operational efficiency and managing costs effectively, leading to improved profitability over the observed period.
Peer comparison
Dec 31, 2023