Caterpillar Inc., profitability ratios Microsoft Excel Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Return on Sales Gross profit margin 33.04% 26.91% 26.30% 25.47% 27.83% Operating profit margin 20.30% 13.97% 14.27% 11.67% 16.33% Net profit margin 16.18% 11.85% 13.47% 7.68% 12.00% Return on Investment Return on equity (ROE) 53.02% 42.25% 39.37% 19.56% 41.77% Return on assets (ROA) 11.81% 8.18% 7.84% 3.83% 7.77%