Caterpillar Inc (CAT)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 12,596,000 | 12,442,000 | 12,184,000 | 12,896,000 | 13,885,000 | 13,910,000 | 14,331,000 | 14,473,000 | 13,561,000 | 12,402,000 | 11,425,000 | 9,850,000 | 9,195,000 | 9,653,000 | 8,875,000 | 8,661,000 | 8,692,000 | 7,089,000 | 6,199,000 | 5,022,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 21,318,000 | 20,658,000 | 18,661,000 | 18,067,000 | 19,491,000 | 19,397,000 | 17,130,000 | 17,639,000 | 19,494,000 | 20,489,000 | 18,235,000 | 18,149,000 | 15,869,000 | 15,591,000 | 15,727,000 | 17,065,000 | 16,484,000 | 16,665,000 | 16,833,000 | 16,573,000 |
| Return on total capital | 59.09% | 60.23% | 65.29% | 71.38% | 71.24% | 71.71% | 83.66% | 82.05% | 69.56% | 60.53% | 62.65% | 54.27% | 57.94% | 61.91% | 56.43% | 50.75% | 52.73% | 42.54% | 36.83% | 30.30% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $12,596,000K ÷ ($—K + $21,318,000K)
= 59.09%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Caterpillar Inc
CAT
59.09%
Deere & Company
DE
36.32%
Lindsay Corporation
LNN
18.09%
Oshkosh Corporation
OSK
7.43%
PACCAR Inc
PCAR
15.99%