Caterpillar annual capital expenditures (capex)
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Caterpillar Capital Expenditures (CapEx) Growth & History (CAT)
Caterpillar's capital expenditures (capex) was $2.82B for fiscal 2025.
View full Caterpillar company overviewCaterpillar annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.82B | $833.0M | +41.90% |
| 2024 | 2024-12-31 | $1.99B | $391.0M | +24.48% |
| 2023 | 2023-12-31 | $1.60B | $301.0M | +23.23% |
| 2022 | 2022-12-31 | $1.30B | $203.0M | +18.57% |
| 2021 | 2021-12-31 | $1.09B | $115.0M | +11.76% |
| 2020 | 2020-12-31 | $978.0M | −$78.0M | −7.39% |
| 2019 | 2019-12-31 | $1.06B | −$220.0M | −17.24% |
| 2018 | 2018-12-31 | $1.28B | $378.0M | +42.09% |
| 2017 | 2017-12-31 | $898.0M | −$211.0M | −19.03% |
| 2016 | 2016-12-31 | $1.11B | −$279.0M | −20.10% |
| 2015 | 2015-12-31 | $1.39B | −$151.0M | −9.81% |
| 2014 | 2014-12-31 | $1.54B | −$983.0M | −38.98% |
| 2013 | 2013-12-31 | $2.52B | −$828.0M | −24.72% |
| 2012 | 2012-12-31 | $3.35B | $835.0M | +33.20% |
| 2011 | 2011-12-31 | $2.52B | $940.0M | +59.68% |
| 2010 | 2010-12-31 | $1.57B | $71.0M | +4.72% |
| 2009 | 2009-12-31 | $1.50B | −$816.0M | −35.17% |
| 2008 | 2008-12-31 | $2.32B | $620.0M | +36.47% |
| 2007 | 2007-12-31 | $1.70B | — | — |
Caterpillar quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $587.0M | $32.0M | +5.77% |
| Q1 2026 | 2026-03-31 | $728.0M | $18.0M | +2.54% |
| Q4 2025 | 2025-12-31 | $898.0M | $195.0M | +27.74% |
| Q3 2025 | 2025-09-30 | $658.0M | $214.0M | +48.20% |
| Q2 2025 | 2025-06-30 | $555.0M | $214.0M | +62.76% |
| Q1 2025 | 2025-03-31 | $710.0M | $210.0M | +42.00% |
| Q4 2024 | 2024-12-31 | $703.0M | $167.0M | +31.16% |
| Q3 2024 | 2024-09-30 | $444.0M | $66.0M | +17.46% |
| Q2 2024 | 2024-06-30 | $341.0M | $80.0M | +30.65% |
| Q1 2024 | 2024-03-31 | $500.0M | $78.0M | +18.48% |
| Q4 2023 | 2023-12-31 | $536.0M | $108.0M | +25.23% |
| Q3 2023 | 2023-09-30 | $378.0M | $96.0M | +34.04% |
| Q2 2023 | 2023-06-30 | $261.0M | $21.0M | +8.75% |
| Q1 2023 | 2023-03-31 | $422.0M | $76.0M | +21.97% |
| Q4 2022 | 2022-12-31 | $428.0M | $8.0M | +1.90% |
| Q3 2022 | 2022-09-30 | $282.0M | $28.0M | +11.02% |
| Q2 2022 | 2022-06-30 | $240.0M | $73.0M | +43.71% |
| Q1 2022 | 2022-03-31 | $346.0M | $94.0M | +37.30% |
| Q4 2021 | 2021-12-31 | $420.0M | $128.0M | +43.84% |
| Q3 2021 | 2021-09-30 | $254.0M | $40.0M | +18.69% |
| Q2 2021 | 2021-06-30 | $167.0M | $0 | 0.00% |
| Q1 2021 | 2021-03-31 | $252.0M | −$53.0M | −17.38% |
| Q4 2020 | 2020-12-31 | $292.0M | −$41.0M | −12.31% |
| Q3 2020 | 2020-09-30 | $214.0M | −$30.0M | −12.30% |
| Q2 2020 | 2020-06-30 | $167.0M | −$34.0M | −16.92% |
| Q1 2020 | 2020-03-31 | $305.0M | $27.0M | +9.71% |
| Q4 2019 | 2019-12-31 | $333.0M | −$22.0M | −6.20% |
| Q3 2019 | 2019-09-30 | $244.0M | −$32.0M | −11.59% |
| Q2 2019 | 2019-06-30 | $201.0M | −$32.0M | −13.73% |
| Q1 2019 | 2019-03-31 | $278.0M | −$134.0M | −32.52% |
| Q4 2018 | 2018-12-31 | $355.0M | $23.0M | +6.93% |
| Q3 2018 | 2018-09-30 | $276.0M | $81.0M | +41.54% |
| Q2 2018 | 2018-06-30 | $233.0M | $66.0M | +39.52% |
| Q1 2018 | 2018-03-31 | $412.0M | $208.0M | +101.96% |
| Q4 2017 | 2017-12-31 | $332.0M | $30.0M | +9.93% |
| Q3 2017 | 2017-09-30 | $195.0M | −$32.0M | −14.10% |
| Q2 2017 | 2017-06-30 | $167.0M | −$56.0M | −25.11% |
| Q1 2017 | 2017-03-31 | $204.0M | −$153.0M | −42.86% |
| Q4 2016 | 2016-12-31 | $302.0M | −$140.0M | −31.67% |
| Q3 2016 | 2016-09-30 | $227.0M | −$63.0M | −21.72% |
| Q2 2016 | 2016-06-30 | $223.0M | $4.0M | +1.83% |
| Q1 2016 | 2016-03-31 | $357.0M | −$80.0M | −18.31% |
| Q4 2015 | 2015-12-31 | $442.0M | −$25.0M | −5.35% |
| Q3 2015 | 2015-09-30 | $290.0M | −$72.0M | −19.89% |
| Q2 2015 | 2015-06-30 | $219.0M | −$37.0M | −14.45% |
| Q1 2015 | 2015-03-31 | $437.0M | −$17.0M | −3.74% |
| Q4 2014 | 2014-12-31 | $467.0M | −$193.0M | −29.24% |
| Q3 2014 | 2014-09-30 | $362.0M | −$113.0M | −23.79% |
| Q2 2014 | 2014-06-30 | $256.0M | −$235.0M | −47.86% |
| Q1 2014 | 2014-03-31 | $454.0M | −$442.0M | −49.33% |
| Q4 2013 | 2013-12-31 | $660.0M | −$420.0M | −38.89% |
| Q3 2013 | 2013-09-30 | $475.0M | −$287.0M | −37.66% |
| Q2 2013 | 2013-06-30 | $491.0M | −$173.0M | −26.05% |
| Q1 2013 | 2013-03-31 | $896.0M | $52.0M | +6.16% |
| Q4 2012 | 2012-12-31 | $1.08B | $80.0M | +8.00% |
| Q3 2012 | 2012-09-30 | $762.0M | $171.0M | +28.93% |
| Q2 2012 | 2012-06-30 | $664.0M | $283.0M | +74.28% |
| Q1 2012 | 2012-03-31 | $844.0M | $301.0M | +55.43% |
| Q4 2011 | 2011-12-31 | $1.00B | $382.0M | +61.81% |
| Q3 2011 | 2011-09-30 | $591.0M | $286.0M | +93.77% |
| Q2 2011 | 2011-06-30 | $381.0M | $98.0M | +34.63% |
| Q1 2011 | 2011-03-31 | $543.0M | $174.0M | +47.15% |
| Q4 2010 | 2010-12-31 | $618.0M | −$135.0M | −17.93% |
| Q3 2010 | 2010-09-30 | $305.0M | −$3.0M | −0.97% |
| Q2 2010 | 2010-06-30 | $283.0M | $64.0M | +29.22% |
| Q1 2010 | 2010-03-31 | $369.0M | $145.0M | +64.73% |
| Q4 2009 | 2009-12-31 | $753.0M | — | — |
| Q3 2009 | 2009-09-30 | $308.0M | −$240.0M | −43.80% |
| Q2 2009 | 2009-06-30 | $219.0M | — | — |
| Q1 2009 | 2009-03-31 | $224.0M | — | — |
| Q3 2008 | 2008-09-30 | $548.0M | — | — |
Caterpillar capital expenditures (capex) trends
Over the last five fiscal years, Caterpillar's capital expenditures (capex) increased from $978.0M to $2.82B, a change of $1.84B. The latest reported quarter, Q2 2026, shows $587.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Caterpillar source filings ↗