• Caterpillar average pre-tax profit margin for 2024 was 20.65%, a 18.95% decline from 2023.
• Caterpillar average pre-tax profit margin for 2023 was 17.36%, a 11.64% increase from 2022.
• Caterpillar average pre-tax profit margin for 2022 was 15.55%, a 18.52% increase from 2021.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.