Caterpillar (CAT) Invested Capital (2009 - 2026)
Caterpillar's Invested Capital came in at $64.54 billion for Q2 2026, up 8.6% from $59.41 billion a year earlier and up 4.6% from the prior quarter.
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Analysis
Caterpillar (CAT) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Caterpillar's Invested Capital was $64.65 billion, up 11.6% from FY2024.
- Invested Capital has increased in each of the last three years, with a five-year compound annual growth rate of 4.2% (FY2020 to FY2025).
- Going back by year, Invested Capital was $57.9 billion in FY2024 (+0.9%), $57.38 billion in FY2023 (+8.5%), $52.88 billion in FY2022 (-2.6%) and $54.31 billion in FY2021 (+3.4%).
- The five-year range for quarterly Invested Capital is $52.15 billion (Q3 2022) to $64.65 billion (Q4 2025).
- Year-over-year, Invested Capital has increased for seven consecutive quarters, with growth averaging 6.2% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2025 (growth of 11.6%), and the weakest in Q2 2022 (a decline of 3.2%).
- Business Quant data shows CAT's Invested Capital at $61.73 billion (Q1 2026), $64.65 billion (Q4 2025) and $62.19 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.94 Bn | 323.64 Bn | 7.76 Bn | 64.54 Bn |
| 2 | Amphenol | 209.39 Bn | 203.97 Bn | 3.55 Bn | 34.42 Bn |
| 3 | Deere | 174.05 Bn | 142.14 Bn | 4.66 Bn | 51.21 Bn |
| 4 | Eaton | 165.12 Bn | 162.30 Bn | 2.86 Bn | 40.91 Bn |
| 5 | Parker-Hannifin | 120.51 Bn | 118.63 Bn | 2.25 Bn | 23.93 Bn |
| 6 | Emerson Electric | 90.72 Bn | 83.46 Bn | 2.66 Bn | 33.51 Bn |
| 7 | Vertiv Holdings | 90.08 Bn | 80.70 Bn | 1.23 Bn | 7.70 Bn |
| 8 | 3M | 83.97 Bn | 65.37 Bn | 2.68 Bn | 15.56 Bn |
| 9 | Illinois Tool Works | 75.88 Bn | 72.44 Bn | 1.90 Bn | 12.59 Bn |
| 10 | Cummins | 72.44 Bn | 68.52 Bn | 2.47 Bn | 21.25 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.54 Bn |
| Mar 31, 2026 | 61.73 Bn |
| Dec 31, 2025 | 64.65 Bn |
| Sep 30, 2025 | 62.19 Bn |
| Jun 30, 2025 | 59.41 Bn |
| Mar 31, 2025 | 56.66 Bn |
| Dec 31, 2024 | 57.90 Bn |
| Sep 30, 2024 | 57.30 Bn |
| Jun 30, 2024 | 54.45 Bn |
| Mar 31, 2024 | 55.50 Bn |
| Dec 31, 2023 | 57.38 Bn |
| Sep 30, 2023 | 57.65 Bn |
| Jun 30, 2023 | 55.96 Bn |
| Mar 31, 2023 | 55.21 Bn |
| Dec 31, 2022 | 52.88 Bn |
| Sep 30, 2022 | 52.15 Bn |
| Jun 30, 2022 | 52.72 Bn |
| Mar 31, 2022 | 54.68 Bn |
| Dec 31, 2021 | 54.31 Bn |
| Sep 30, 2021 | 53.48 Bn |
API Access
Caterpillar Invested Capital 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=invested-capital&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();