Caterpillar (CAT) Capital Expenditures (2009 - 2026)
Caterpillar (CAT) recorded Capital Expenditures of $587 million in Q2 2026, up 5.8% from $555 million a year earlier but down 19.4% 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 $2.87 billion as of Jun 30, 2026, up 19.0% year-over-year; for FY2025, it was $2.82 billion, up 41.9% from FY2024.
- Annual Capital Expenditures has increased for three straight years, with a five-year compound annual growth rate of 19.9% (FY2020 to FY2025).
- Across earlier years, Capital Expenditures came in at $1.99 billion in FY2024 (+24.5%), $1.6 billion in FY2023 (+22.6%), $1.3 billion in FY2022 (-5.5%) and $1.38 billion in FY2021 (+21.3%).
- Quarterly Capital Expenditures has ranged from $280 million in Q4 2022 to $898 million in Q4 2025 over the past five years.
- On a year-over-year basis, Capital Expenditures has increased for eight consecutive quarters, with growth averaging 33.3% over the last eight quarters.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 67.4% in Q4 2024, against a decline of 23.3% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $728 million (Q1 2026), $898 million (Q4 2025) and $658 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.37 Bn | 323.07 Bn | 7.76 Bn | 587.00 Mn |
| 2 | Amphenol | 209.04 Bn | 203.63 Bn | 3.55 Bn | 355.50 Mn |
| 3 | Deere | 173.76 Bn | 141.85 Bn | 4.66 Bn | 638.00 Mn |
| 4 | Eaton | 165.23 Bn | 162.42 Bn | 2.86 Bn | 253.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 173.00 Mn |
| 6 | Emerson Electric | 90.68 Bn | 83.42 Bn | 2.66 Bn | 102.00 Mn |
| 7 | Vertiv Holdings | 90.65 Bn | 81.27 Bn | 1.23 Bn | 173.30 Mn |
| 8 | 3M | 83.69 Bn | 65.09 Bn | 2.68 Bn | 223.00 Mn |
| 9 | Illinois Tool Works | 75.68 Bn | 72.24 Bn | 1.90 Bn | 92.00 Mn |
| 10 | Cummins | 72.28 Bn | 68.36 Bn | 2.47 Bn | 249.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 587.00 Mn |
| Mar 31, 2026 | 728.00 Mn |
| Dec 31, 2025 | 898.00 Mn |
| Sep 30, 2025 | 658.00 Mn |
| Jun 30, 2025 | 555.00 Mn |
| Mar 31, 2025 | 710.00 Mn |
| Dec 31, 2024 | 703.00 Mn |
| Sep 30, 2024 | 444.00 Mn |
| Jun 30, 2024 | 341.00 Mn |
| Mar 31, 2024 | 500.00 Mn |
| Dec 31, 2023 | 420.00 Mn |
| Sep 30, 2023 | 403.00 Mn |
| Jun 30, 2023 | 352.00 Mn |
| Mar 31, 2023 | 422.00 Mn |
| Dec 31, 2022 | 280.00 Mn |
| Sep 30, 2022 | 335.00 Mn |
| Jun 30, 2022 | 342.00 Mn |
| Mar 31, 2022 | 346.00 Mn |
| Dec 31, 2021 | 365.00 Mn |
| Sep 30, 2021 | 333.00 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();