Caterpillar (CAT) Capital Expenditures (2009 - 2026)
Caterpillar (CAT) recorded Capital Expenditures of $1.11 billion in Q2 2026, up 16.3% from $955 million a year earlier and up 5.7% from the prior quarter.
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Analysis
Caterpillar (CAT) Capital Expenditures (2009 - 2026) Analysis & Trends
On a TTM basis, Caterpillar's Capital Expenditures came in at $4.58 billion as of Jun 30, 2026, up 25.9% year-over-year; for FY2025, it was $4.29 billion, up 33.3% from FY2024.
- Annual Capital Expenditures has increased for five straight years, with a five-year compound annual growth rate of 15.2% (FY2020 to FY2025).
- Across earlier years, Capital Expenditures came in at $3.22 billion in FY2024 (+4.0%), $3.09 billion in FY2023 (+19.0%), $2.6 billion in FY2022 (+5.1%) and $2.47 billion in FY2021 (+16.9%).
- Quarterly Capital Expenditures has ranged from $587 million in Q3 2021 to $1.34 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Capital Expenditures has increased for seven consecutive quarters, with growth averaging 22.5% over the last eight quarters.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 169.4% in Q1 2022, against a decline of 29.8% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.05 billion (Q1 2026), $1.34 billion (Q4 2025) and $1.07 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 282.34 Bn | 282.34 Bn | - | - |
| 2 | Amphenol | 196.37 Bn | 189.89 Bn | 4.02 Bn | 457.20 Mn |
| 3 | Deere | 180.40 Bn | 148.49 Bn | 4.66 Bn | 903.00 Mn |
| 4 | Eaton | 142.03 Bn | 139.22 Bn | 2.86 Bn | 253.00 Mn |
| 5 | Parker-Hannifin | 117.42 Bn | 115.55 Bn | 2.25 Bn | 173.00 Mn |
| 6 | Emerson Electric | 93.00 Bn | 85.73 Bn | 2.66 Bn | 102.00 Mn |
| 7 | 3M | 92.98 Bn | 74.42 Bn | 2.78 Bn | 256.00 Mn |
| 8 | Vertiv Holdings | 86.47 Bn | 75.32 Bn | 1.64 Bn | 139.10 Mn |
| 9 | Illinois Tool Works | 82.63 Bn | 79.31 Bn | 1.91 Bn | 102.00 Mn |
| 10 | Cummins | 69.15 Bn | 65.22 Bn | 2.47 Bn | 249.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.11 Bn |
| Mar 31, 2026 | 1.05 Bn |
| Dec 31, 2025 | 1.34 Bn |
| Sep 30, 2025 | 1.07 Bn |
| Jun 30, 2025 | 955.00 Mn |
| Mar 31, 2025 | 918.00 Mn |
| Dec 31, 2024 | 1.04 Bn |
| Sep 30, 2024 | 723.00 Mn |
| Jun 30, 2024 | 719.00 Mn |
| Mar 31, 2024 | 736.00 Mn |
| Dec 31, 2023 | 854.00 Mn |
| Sep 30, 2023 | 781.00 Mn |
| Jun 30, 2023 | 707.00 Mn |
| Mar 31, 2023 | 750.00 Mn |
| Dec 31, 2022 | 708.00 Mn |
| Sep 30, 2022 | 617.00 Mn |
| Jun 30, 2022 | 595.00 Mn |
| Mar 31, 2022 | 679.00 Mn |
| Dec 31, 2021 | 785.00 Mn |
| Sep 30, 2021 | 587.00 Mn |
API Access
Caterpillar Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();