Caterpillar (CAT) Notes Payables (2009 - 2026)
Caterpillar's Short-Term Borrowings was $5.05 billion in Q2 2026, up 12.5% from $4.49 billion a year earlier and up 6.7% from the prior quarter.
Powered by 
Analysis
Caterpillar (CAT) Notes Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Short-Term Borrowings at Caterpillar came in at $5.51 billion, up 25.5% from FY2024.
- Short-Term Borrowings shows a five-year compound annual growth rate of 22.3% (FY2020 to FY2025).
- In earlier years, Short-Term Borrowings was $4.39 billion in FY2024 (-5.4%), $4.64 billion in FY2023 (-22.1%), $5.96 billion in FY2022 (+10.2%) and $5.4 billion in FY2021 (+168.2%).
- Quarterly Short-Term Borrowings has moved between $3.25 billion (Q3 2021) and $5.96 billion (Q4 2022) over five years.
- Compared with a year earlier, Short-Term Borrowings has increased for four straight quarters, with growth averaging 7.5% over the last eight quarters.
- The best year-over-year quarter for Short-Term Borrowings over five years was Q4 2021 (growth of 168.2%); the worst was Q1 2024 (a decline of 38.9%).
- Per Business Quant data, CAT's Short-Term Borrowings in the three quarters before Q2 2026 was $4.73 billion (Q1 2026), $5.51 billion (Q4 2025) and $4.51 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 282.34 Bn | 282.34 Bn | - |
| 2 | Amphenol | 196.37 Bn | 189.89 Bn | 4.02 Bn |
| 3 | Deere | 180.40 Bn | 148.49 Bn | 4.66 Bn |
| 4 | Eaton | 142.03 Bn | 139.22 Bn | 2.86 Bn |
| 5 | Parker-Hannifin | 117.42 Bn | 115.55 Bn | 2.25 Bn |
| 6 | Emerson Electric | 93.00 Bn | 85.73 Bn | 2.66 Bn |
| 7 | 3M | 92.98 Bn | 74.42 Bn | 2.78 Bn |
| 8 | Vertiv Holdings | 86.47 Bn | 75.32 Bn | 1.64 Bn |
| 9 | Illinois Tool Works | 82.63 Bn | 79.31 Bn | 1.91 Bn |
| 10 | Cummins | 69.15 Bn | 65.22 Bn | 2.47 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.05 Bn |
| Mar 31, 2026 | 4.73 Bn |
| Dec 31, 2025 | 5.51 Bn |
| Sep 30, 2025 | 4.51 Bn |
| Jun 30, 2025 | 4.49 Bn |
| Mar 31, 2025 | 3.45 Bn |
| Dec 31, 2024 | 4.39 Bn |
| Sep 30, 2024 | 3.73 Bn |
| Jun 30, 2024 | 5.30 Bn |
| Mar 31, 2024 | 3.57 Bn |
| Dec 31, 2023 | 4.64 Bn |
| Sep 30, 2023 | 4.22 Bn |
| Jun 30, 2023 | 5.55 Bn |
| Mar 31, 2023 | 5.84 Bn |
| Dec 31, 2022 | 5.96 Bn |
| Sep 30, 2022 | 4.20 Bn |
| Jun 30, 2022 | 5.00 Bn |
| Mar 31, 2022 | 4.50 Bn |
| Dec 31, 2021 | 5.40 Bn |
| Sep 30, 2021 | 3.25 Bn |
API Access
Caterpillar Notes Payables 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=notes-payables&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "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=notes-payables&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();