• Caterpillar average net profit margin for 2023 was 13.39%, a 9.04% increase from 2022.
• Caterpillar average net profit margin for 2022 was 12.28%, a 20.04% increase from 2021.
• Caterpillar average net profit margin for 2021 was 10.23%, a 20.07% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.