Caterpillar Inc (CAT)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 12,593,000 | 13,885,000 | 13,561,000 | 9,195,000 | 8,692,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 21,318,000 | 19,491,000 | 19,494,000 | 15,869,000 | 16,484,000 |
| Return on total capital | 59.07% | 71.24% | 69.56% | 57.94% | 52.73% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $12,593,000K ÷ ($—K + $21,318,000K)
= 59.07%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Caterpillar Inc
CAT
59.07%
Deere & Company
DE
36.33%
Lindsay Corporation
LNN
18.09%
Oshkosh Corporation
OSK
21.18%
PACCAR Inc
PCAR
17.49%