Caterpillar
Caterpillar returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
The reported inputs required for this metric are unavailable in the extracted statements for this period.
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Reported borrowing balances are unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 22.15% | — | — | 11.24% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 20.81% | — | — | 10.44% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 18.98% | — | — | 9.53% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 20.42% | — | — | 10.3% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 21.89% | — | — | 10.87% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 23.39% | — | — | 11.78% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 24.15% | — | — | 12.31% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 24.66% | — | — | 12.33% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 27.2% | — | — | 13.04% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 26.66% | — | — | 13.43% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 25.14% | — | — | 12.2% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 22.06% | — | — | 10.87% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 20.51% | — | — | 10.04% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 16.8% | — | — | 8.57% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 15.29% | — | — | 8.14% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 14.85% | — | — | 9.12% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 13.31% | — | — | 8.3% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 12.95% | — | — | 7.97% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 13.03% | — | — | 8.06% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 12.47% | — | — | 6.54% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 11.31% | — | — | 5.56% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 9.59% | — | — | 4.39% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 8.72% | — | — | 3.83% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 9.8% | — | — | 4.29% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 11.79% | — | — | 5.32% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 14.87% | — | — | 6.86% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 16.24% | — | — | 7.76% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 16.17% | — | — | 7.74% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 16.52% | — | — | 7.94% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 16.46% | — | — | 8.12% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 16.53% | — | — | 7.91% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 14.44% | — | — | 4.85% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 13.88% | — | — | 3.98% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 12.13% | — | — | 2.87% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 8.94% | — | — | 1% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 3.82% | — | — | 1.15% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 1.75% | — | — | 0.14% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 0.83% | — | — | -0.18% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 0.99% | — | — | -0.08% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 3.16% | — | — | 1.32% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 3.49% | — | — | 1.39% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 4.12% | — | — | 1.58% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 5.97% | — | — | 2.59% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 8.06% | — | — | 3.62% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 8.91% | — | — | 4.24% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 9.66% | — | — | 4.67% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 9.31% | — | — | 4.38% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 9.94% | — | — | 4.6% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 9.91% | — | — | 4.43% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 9.94% | — | — | 4.44% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 9.6% | — | — | 4.36% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 8.92% | — | — | 3.93% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 11.14% | — | — | 4.82% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 13.01% | — | — | 5.78% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 15.24% | — | — | 6.7% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 17.06% | — | — | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 16.08% | — | — | — | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 15.55% | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 15.08% | — | — | 6.85% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | 6.24% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | 6.04% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | 5.9% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 9.58% | — | — | 4.35% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 6.64% | — | — | 3.21% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 4.63% | — | — | 2.61% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CAT, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.