Filing Flows › Caterpillar (CAT) › Operating margin
Caterpillar (CAT) operating margin by quarter
Caterpillar's operating margin was 20.4% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026. Over the last 7 quarters it ranged from 13.9% (Q4 2025) to 20.9% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.4% | -0.5 pts | +3.1 pts |
| Q2 2026 | 20.9% | +3.2 pts | +3.6 pts |
| Q1 2026 | 17.7% | +3.8 pts | -0.4 pts |
| Q4 2025 | 13.9% | -3.4 pts | — |
| Q3 2025 | 17.3% | +0.0 pts | — |
| Q2 2025 | 17.3% | -0.8 pts | — |
| Q1 2025 | 18.1% | — | — |
Q3 2026 at a glance
Caterpillar, Q3 2026: revenue $20.7B (+17% year over year), operating margin 20.4%, net earnings $3.3B, operating cash flow $4.4B. The chart follows the revenue to costs, profit and cash.
Questions
What is Caterpillar's operating margin?
Caterpillar's operating margin was 20.4% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026.
How has Caterpillar's operating margin changed?
Over the last 7 quarters it ranged from 13.9% (Q4 2025) to 20.9% (Q2 2026).