Caterpillar (CAT) Change in Inventory (2009 - 2026)
Caterpillar's Change in Inventory was $1.05 billion in Q2 2026, up 62.1% from $649 million a year earlier but down 29.9% from the prior quarter.
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Analysis
Caterpillar (CAT) Change in Inventory (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Caterpillar's Change in Inventory was $2.39 billion through Jun 30, 2026, up 69.6% year-over-year; for FY2025, it was $1.48 billion, up 256.8% from FY2024.
- Change in Inventory shows a five-year compound annual growth rate of 112.6% (FY2020 to FY2025).
- In earlier years, Change in Inventory was $414 million in FY2024 (+13.7%), $364 million in FY2023 (-85.9%), $2.59 billion in FY2022 (+0.1%) and $2.59 billion in FY2021.
- Quarterly Change in Inventory has moved between -$1.06 billion (Q4 2023) and $1.5 billion (Q1 2026) over five years.
- The best year-over-year quarter for Change in Inventory over five years was Q2 2025 (growth of 218.1%); the worst was Q2 2023 (a decline of 83.8%).
- Per Business Quant data, CAT's Change in Inventory in the three quarters before Q2 2026 was $1.5 billion (Q1 2026), -$538 million (Q4 2025) and $376 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.37 Bn | 323.07 Bn | 7.76 Bn | 1.05 Bn |
| 2 | Amphenol | 209.04 Bn | 203.63 Bn | 3.55 Bn | - |
| 3 | Deere | 173.76 Bn | 141.85 Bn | 4.66 Bn | -295.00 Mn |
| 4 | Eaton | 165.23 Bn | 162.42 Bn | 2.86 Bn | - |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | -7.00 Mn |
| 6 | Emerson Electric | 90.68 Bn | 83.42 Bn | 2.66 Bn | 60.00 Mn |
| 7 | Vertiv Holdings | 90.65 Bn | 81.27 Bn | 1.23 Bn | 663.80 Mn |
| 8 | 3M | 83.69 Bn | 65.09 Bn | 2.68 Bn | 81.00 Mn |
| 9 | Illinois Tool Works | 75.68 Bn | 72.24 Bn | 1.90 Bn | 32.00 Mn |
| 10 | Cummins | 72.28 Bn | 68.36 Bn | 2.47 Bn | 279.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.05 Bn |
| Mar 31, 2026 | 1.50 Bn |
| Dec 31, 2025 | -538.00 Mn |
| Sep 30, 2025 | 376.00 Mn |
| Jun 30, 2025 | 649.00 Mn |
| Mar 31, 2025 | 990.00 Mn |
| Dec 31, 2024 | -367.00 Mn |
| Sep 30, 2024 | 138.00 Mn |
| Jun 30, 2024 | 204.00 Mn |
| Mar 31, 2024 | 439.00 Mn |
| Dec 31, 2023 | -1.06 Bn |
| Sep 30, 2023 | -136.00 Mn |
| Jun 30, 2023 | 157.00 Mn |
| Mar 31, 2023 | 1.40 Bn |
| Dec 31, 2022 | -499.00 Mn |
| Sep 30, 2022 | 1.09 Bn |
| Jun 30, 2022 | 971.00 Mn |
| Mar 31, 2022 | 1.03 Bn |
| Dec 31, 2021 | 391.00 Mn |
| Sep 30, 2021 | 1.02 Bn |
API Access
Caterpillar Change in Inventory 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=change-in-inventory&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();