Caterpillar annual r&d spending
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Caterpillar R&D Spending Growth & History (CAT)
Caterpillar's r&d spending was $2.15B for fiscal 2025.
View full Caterpillar company overviewCaterpillar annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.15B | $41.0M | +1.95% |
| 2024 | 2024-12-31 | $2.11B | −$1.0M | −0.05% |
| 2023 | 2023-12-31 | $2.11B | $294.0M | +16.21% |
| 2022 | 2022-12-31 | $1.81B | $128.0M | +7.59% |
| 2021 | 2021-12-31 | $1.69B | $271.0M | +19.15% |
| 2020 | 2020-12-31 | $1.42B | −$278.0M | −16.42% |
| 2019 | 2019-12-31 | $1.69B | −$157.0M | −8.49% |
| 2018 | 2018-12-31 | $1.85B | $8.0M | +0.43% |
| 2017 | 2017-12-31 | $1.84B | −$11.0M | −0.59% |
| 2016 | 2016-12-31 | $1.85B | −$266.0M | −12.55% |
| 2015 | 2015-12-31 | $2.12B | −$261.0M | −10.97% |
| 2014 | 2014-12-31 | $2.38B | $334.0M | +16.32% |
| 2013 | 2013-12-31 | $2.05B | −$420.0M | −17.03% |
| 2012 | 2012-12-31 | $2.47B | $169.0M | +7.36% |
| 2011 | 2011-12-31 | $2.30B | $392.0M | +20.58% |
| 2010 | 2010-12-31 | $1.91B | $484.0M | +34.06% |
| 2009 | 2009-12-31 | $1.42B | −$307.0M | −17.77% |
| 2008 | 2008-12-31 | $1.73B | $324.0M | +23.08% |
| 2007 | 2007-12-31 | $1.40B | — | — |
Caterpillar quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $616.0M | $65.0M | +11.80% |
| Q1 2026 | 2026-03-31 | $537.0M | $57.0M | +11.88% |
| Q4 2025 | 2025-12-31 | $562.0M | $43.0M | +8.29% |
| Q3 2025 | 2025-09-30 | $555.0M | $22.0M | +4.13% |
| Q2 2025 | 2025-06-30 | $551.0M | $16.0M | +2.99% |
| Q1 2025 | 2025-03-31 | $480.0M | −$40.0M | −7.69% |
| Q4 2024 | 2024-12-31 | $519.0M | −$35.0M | −6.32% |
| Q3 2024 | 2024-09-30 | $533.0M | −$21.0M | −3.79% |
| Q2 2024 | 2024-06-30 | $535.0M | $7.0M | +1.33% |
| Q1 2024 | 2024-03-31 | $520.0M | $48.0M | +10.17% |
| Q4 2023 | 2023-12-31 | $554.0M | $153.0M | +38.15% |
| Q3 2023 | 2023-09-30 | $554.0M | $78.0M | +16.39% |
| Q2 2023 | 2023-06-30 | $528.0M | $48.0M | +10.00% |
| Q1 2023 | 2023-03-31 | $472.0M | $15.0M | +3.28% |
| Q4 2022 | 2022-12-31 | $401.0M | −$38.0M | −8.66% |
| Q3 2022 | 2022-09-30 | $476.0M | $49.0M | +11.48% |
| Q2 2022 | 2022-06-30 | $480.0M | $34.0M | +7.62% |
| Q1 2022 | 2022-03-31 | $457.0M | $83.0M | +22.19% |
| Q4 2021 | 2021-12-31 | $439.0M | $65.0M | +17.38% |
| Q3 2021 | 2021-09-30 | $427.0M | $83.0M | +24.13% |
| Q2 2021 | 2021-06-30 | $446.0M | $105.0M | +30.79% |
| Q1 2021 | 2021-03-31 | $374.0M | $18.0M | +5.06% |
| Q4 2020 | 2020-12-31 | $374.0M | −$12.0M | −3.11% |
| Q3 2020 | 2020-09-30 | $344.0M | −$87.0M | −20.19% |
| Q2 2020 | 2020-06-30 | $341.0M | −$100.0M | −22.68% |
| Q1 2020 | 2020-03-31 | $356.0M | −$79.0M | −18.16% |
| Q4 2019 | 2019-12-31 | $386.0M | −$80.0M | −17.17% |
| Q3 2019 | 2019-09-30 | $431.0M | −$48.0M | −10.02% |
| Q2 2019 | 2019-06-30 | $441.0M | −$21.0M | −4.55% |
| Q1 2019 | 2019-03-31 | $435.0M | −$8.0M | −1.81% |
| Q4 2018 | 2018-12-31 | $466.0M | −$32.0M | −6.43% |
| Q3 2018 | 2018-09-30 | $479.0M | $18.0M | +3.90% |
| Q2 2018 | 2018-06-30 | $462.0M | $4.0M | +0.87% |
| Q1 2018 | 2018-03-31 | $443.0M | $18.0M | +4.24% |
| Q4 2017 | 2017-12-31 | $498.0M | $74.0M | +17.45% |
| Q3 2017 | 2017-09-30 | $461.0M | $8.0M | +1.77% |
| Q2 2017 | 2017-06-30 | $458.0M | −$10.0M | −2.14% |
| Q1 2017 | 2017-03-31 | $425.0M | −$83.0M | −16.34% |
| Q4 2016 | 2016-12-31 | $424.0M | −$148.0M | −25.87% |
| Q3 2016 | 2016-09-30 | $453.0M | −$60.0M | −11.70% |
| Q2 2016 | 2016-06-30 | $468.0M | −$42.0M | −8.24% |
| Q1 2016 | 2016-03-31 | $508.0M | −$16.0M | −3.05% |
| Q4 2015 | 2015-12-31 | $572.0M | −$251.0M | −30.50% |
| Q3 2015 | 2015-09-30 | $513.0M | −$20.0M | −3.75% |
| Q2 2015 | 2015-06-30 | $510.0M | −$6.0M | −1.16% |
| Q1 2015 | 2015-03-31 | $524.0M | $16.0M | +3.15% |
| Q4 2014 | 2014-12-31 | $823.0M | $356.0M | +76.23% |
| Q3 2014 | 2014-09-30 | $533.0M | $64.0M | +13.65% |
| Q2 2014 | 2014-06-30 | $516.0M | −$32.0M | −5.84% |
| Q1 2014 | 2014-03-31 | $508.0M | −$54.0M | −9.61% |
| Q4 2013 | 2013-12-31 | $467.0M | −$146.0M | −23.82% |
| Q3 2013 | 2013-09-30 | $469.0M | −$165.0M | −26.03% |
| Q2 2013 | 2013-06-30 | $548.0M | −$84.0M | −13.29% |
| Q1 2013 | 2013-03-31 | $562.0M | −$25.0M | −4.26% |
| Q4 2012 | 2012-12-31 | $613.0M | $9.0M | +1.49% |
| Q3 2012 | 2012-09-30 | $634.0M | $50.0M | +8.56% |
| Q2 2012 | 2012-06-30 | $632.0M | $48.0M | +8.22% |
| Q1 2012 | 2012-03-31 | $587.0M | $62.0M | +11.81% |
| Q4 2011 | 2011-12-31 | $604.0M | $61.0M | +11.23% |
| Q3 2011 | 2011-09-30 | $584.0M | $74.0M | +14.51% |
| Q2 2011 | 2011-06-30 | $584.0M | $134.0M | +29.78% |
| Q1 2011 | 2011-03-31 | $525.0M | $123.0M | +30.60% |
| Q4 2010 | 2010-12-31 | $543.0M | $188.0M | +52.96% |
| Q3 2010 | 2010-09-30 | $510.0M | $183.0M | +55.96% |
| Q2 2010 | 2010-06-30 | $450.0M | $99.0M | +28.21% |
| Q1 2010 | 2010-03-31 | $402.0M | $14.0M | +3.61% |
| Q4 2009 | 2009-12-31 | $355.0M | — | — |
| Q3 2009 | 2009-09-30 | $327.0M | −$110.0M | −25.17% |
| Q2 2009 | 2009-06-30 | $351.0M | −$64.0M | −15.42% |
| Q1 2009 | 2009-03-31 | $388.0M | — | — |
| Q3 2008 | 2008-09-30 | $437.0M | — | — |
| Q2 2008 | 2008-06-30 | $415.0M | — | — |
Caterpillar r&d spending trends
Over the last five fiscal years, Caterpillar's r&d spending increased from $1.42B to $2.15B, a change of $733.0M. The latest reported quarter, Q2 2026, shows $616.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Caterpillar source filings ↗