Caterpillar Inc (CAT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 13,373,000 | 13,379,000 | 13,796,000 | 13,948,000 | 13,050,000 | 11,900,000 | 10,943,000 | 9,387,000 | 8,752,000 | 9,215,000 | 8,432,000 | 8,206,000 | 8,204,000 | 6,583,000 | 5,671,000 | 4,479,000 | 3,995,000 | 4,419,000 | 5,561,000 | 7,061,000 |
| 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 |
| Pretax margin | 20.63% | 20.37% | 20.79% | 20.82% | 19.46% | 17.87% | 16.89% | 15.21% | 14.73% | 16.27% | 15.61% | 15.58% | 16.10% | 13.60% | 12.36% | 10.42% | 9.57% | 10.12% | 11.95% | 13.85% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $13,373,000K ÷ $64,809,000K
= 20.63%
Caterpillar Inc's pretax margin has displayed a fluctuating trend over the analyzed period. It stood at 13.85% as of March 31, 2020, and experienced a gradual decline until reaching 9.57% by December 31, 2020. Subsequently, there was improvement in the pretax margin, with a notable increase to 16.10% by December 31, 2021.
The company sustained this upward momentum into 2022 and 2023, with pretax margins ranging from 14.73% to 20.82%, reflecting a healthy profitability level. By the end of 2024, the pretax margin was maintained at a relatively stable range of around 20.37% to 20.79%.
Overall, Caterpillar Inc's pretax margin trend indicates fluctuations in profitability levels over time, showcasing periods of decline followed by significant improvements, finally stabilizing at higher margins in the more recent quarters. This suggests the company's ability to manage its operating costs efficiently and generate higher earnings before taxes.
Peer comparison
Dec 31, 2024