Caterpillar annual return on equity
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Caterpillar Return on Equity (ROE) Growth & History (CAT)
Caterpillar's return on equity was 43.53% for fiscal 2025.
View full Caterpillar company overviewCaterpillar annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 43.53% | −11.80 pp |
| 2024 | 2024-12-31 | 55.33% | −3.06 pp |
| 2023 | 2023-12-31 | 58.38% | +17.01 pp |
| 2022 | 2022-12-31 | 41.37% | +0.66 pp |
| 2021 | 2021-12-31 | 40.72% | +20.70 pp |
| 2020 | 2020-12-31 | 20.02% | −22.44 pp |
| 2019 | 2019-12-31 | 42.45% | −1.70 pp |
| 2018 | 2018-12-31 | 44.16% | +38.53 pp |
| 2017 | 2017-12-31 | 5.62% | +6.04 pp |
| 2016 | 2016-12-31 | −0.42% | −16.33 pp |
| 2015 | 2015-12-31 | 15.91% | +2.82 pp |
| 2014 | 2014-12-31 | 13.09% | −6.68 pp |
| 2013 | 2013-12-31 | 19.78% | −17.73 pp |
| 2012 | 2012-12-31 | 37.51% | −4.36 pp |
| 2011 | 2011-12-31 | 41.87% | +14.44 pp |
| 2010 | 2010-12-31 | 27.43% | +15.51 pp |
| 2009 | 2009-12-31 | 11.93% | −34.97 pp |
| 2008 | 2008-12-31 | 46.90% | — |
Caterpillar quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 18.88% | +7.02 pp |
| Q1 2026 | 2026-03-31 | 12.75% | +2.08 pp |
| Q4 2025 | 2025-12-31 | 11.44% | −2.91 pp |
| Q3 2025 | 2025-09-30 | 11.69% | −1.79 pp |
| Q2 2025 | 2025-06-30 | 11.86% | −3.55 pp |
| Q1 2025 | 2025-03-31 | 10.66% | −4.70 pp |
| Q4 2024 | 2024-12-31 | 14.35% | +0.98 pp |
| Q3 2024 | 2024-09-30 | 13.48% | −0.93 pp |
| Q2 2024 | 2024-06-30 | 15.42% | −0.64 pp |
| Q1 2024 | 2024-03-31 | 15.37% | +3.96 pp |
| Q4 2023 | 2023-12-31 | 13.36% | +4.13 pp |
| Q3 2023 | 2023-09-30 | 14.41% | +1.41 pp |
| Q2 2023 | 2023-06-30 | 16.05% | +5.87 pp |
| Q1 2023 | 2023-03-31 | 11.40% | +2.26 pp |
| Q4 2022 | 2022-12-31 | 9.23% | −3.54 pp |
| Q3 2022 | 2022-09-30 | 13.00% | +4.50 pp |
| Q2 2022 | 2022-06-30 | 10.18% | +1.74 pp |
| Q1 2022 | 2022-03-31 | 9.15% | −0.42 pp |
| Q4 2021 | 2021-12-31 | 12.77% | +7.63 pp |
| Q3 2021 | 2021-09-30 | 8.51% | +3.84 pp |
| Q2 2021 | 2021-06-30 | 8.44% | +5.17 pp |
| Q1 2021 | 2021-03-31 | 9.57% | +2.00 pp |
| Q4 2020 | 2020-12-31 | 5.14% | −2.27 pp |
| Q3 2020 | 2020-09-30 | 4.66% | −5.34 pp |
| Q2 2020 | 2020-06-30 | 3.28% | −7.39 pp |
| Q1 2020 | 2020-03-31 | 7.57% | −5.18 pp |
| Q4 2019 | 2019-12-31 | 7.41% | +0.41 pp |
| Q3 2019 | 2019-09-30 | 10.00% | −1.20 pp |
| Q2 2019 | 2019-06-30 | 10.67% | −0.62 pp |
| Q1 2019 | 2019-03-31 | 12.75% | +1.27 pp |
| Q4 2018 | 2018-12-31 | 7.00% | +15.82 pp |
| Q3 2018 | 2018-09-30 | 11.20% | +4.08 pp |
| Q2 2018 | 2018-06-30 | 11.29% | +5.50 pp |
| Q1 2018 | 2018-03-31 | 11.48% | +10.04 pp |
| Q4 2017 | 2017-12-31 | −8.82% | −0.75 pp |
| Q3 2017 | 2017-09-30 | 7.13% | +5.30 pp |
| Q2 2017 | 2017-06-30 | 5.79% | +2.23 pp |
| Q1 2017 | 2017-03-31 | 1.44% | −0.33 pp |
| Q4 2016 | 2016-12-31 | −8.06% | −7.48 pp |
| Q3 2016 | 2016-09-30 | 1.82% | −1.57 pp |
| Q2 2016 | 2016-06-30 | 3.56% | −1.13 pp |
| Q1 2016 | 2016-03-31 | 1.78% | −5.59 pp |
| Q4 2015 | 2015-12-31 | −0.58% | +2.10 pp |
| Q3 2015 | 2015-09-30 | 3.39% | −1.74 pp |
| Q2 2015 | 2015-06-30 | 4.69% | −0.16 pp |
| Q1 2015 | 2015-03-31 | 7.37% | +2.88 pp |
| Q4 2014 | 2014-12-31 | −2.69% | −7.84 pp |
| Q3 2014 | 2014-09-30 | 5.13% | −0.17 pp |
| Q2 2014 | 2014-06-30 | 4.85% | −0.51 pp |
| Q1 2014 | 2014-03-31 | 4.49% | −0.43 pp |
| Q4 2013 | 2013-12-31 | 5.15% | +1.21 pp |
| Q3 2013 | 2013-09-30 | 5.30% | −4.74 pp |
| Q2 2013 | 2013-06-30 | 5.36% | −5.67 pp |
| Q1 2013 | 2013-03-31 | 4.91% | −6.62 pp |
| Q4 2012 | 2012-12-31 | 3.94% | −7.85 pp |
| Q3 2012 | 2012-09-30 | 10.04% | +1.78 pp |
| Q2 2012 | 2012-06-30 | 11.03% | +3.25 pp |
| Q1 2012 | 2012-03-31 | 11.53% | +1.12 pp |
| Q4 2011 | 2011-12-31 | 11.79% | +2.45 pp |
| Q3 2011 | 2011-09-30 | 8.25% | −0.02 pp |
| Q2 2011 | 2011-06-30 | 7.78% | +0.05 pp |
| Q1 2011 | 2011-03-31 | 10.41% | +7.80 pp |
| Q4 2010 | 2010-12-31 | 9.34% | +6.59 pp |
| Q3 2010 | 2010-09-30 | 8.27% | +3.05 pp |
| Q2 2010 | 2010-06-30 | 7.73% | +2.26 pp |
| Q1 2010 | 2010-03-31 | 2.61% | — |
| Q4 2009 | 2009-12-31 | 2.75% | — |
| Q3 2009 | 2009-09-30 | 5.23% | — |
| Q2 2009 | 2009-06-30 | 5.47% | — |
Caterpillar return on equity trends
Over the last five fiscal years, Caterpillar's return on equity increased from 20.02% to 43.53%, a change of +23.51 percentage points. The latest reported quarter, Q2 2026, shows 18.88%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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