Caterpillar (HAM:CAT1) Tax Rate % : 19.48% (As of Mar. 2024)

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What is Caterpillar Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Caterpillar's Tax Expense for the three months ended in Mar. 2024 was €633 Mil. Caterpillar's Pre-Tax Income for the three months ended in Mar. 2024 was €3,249 Mil. Therefore, Caterpillar's Tax Rate % for the quarter that ended in Mar. 2024 was 19.48%.

Caterpillar Tax Rate % Historical Data

The historical data trend for Caterpillar's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Caterpillar Tax Rate % Chart

Caterpillar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.35

25.18

21.23

23.62

21.31

Caterpillar Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															26.88	20.59	20.88	18.07	19.48

Caterpillar Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Caterpillar's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2550.177	/	11966.85
	=	21.31 %

Caterpillar's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	632.96	/	3249.44
	=	19.48 %

Caterpillar Tax Rate % Related Terms

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Caterpillar (HAM:CAT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (HAM:CAT1) » Definitions » Tax Rate %

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Address

5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039

Website

https://www.caterpillar.com

Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

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