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Caterpillar (CAT) Operating Expenses (2016 - 2025)

Caterpillar (CAT) has 17 years of Operating Expenses data on record, last reported at $16.5 billion in Q4 2025.

  • For Q4 2025, Operating Expenses rose 23.94% year-over-year to $16.5 billion; the TTM value through Dec 2025 reached $56.4 billion, up 9.09%, while the annual FY2025 figure was $56.4 billion, 9.09% up from the prior year.
  • Operating Expenses reached $16.5 billion in Q4 2025 per CAT's latest filing, up from $14.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $16.5 billion in Q4 2025 and bottomed at $10.1 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $12.9 billion, with a median of $13.0 billion recorded in 2023.
  • Peak YoY movement for Operating Expenses: dropped 6.58% in 2023, then grew 23.94% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $12.2 billion in 2021, then grew by 22.4% to $14.9 billion in 2022, then decreased by 6.58% to $13.9 billion in 2023, then decreased by 4.63% to $13.3 billion in 2024, then increased by 23.94% to $16.5 billion in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $16.5 billion in Q4 2025, $14.6 billion in Q3 2025, and $13.7 billion in Q2 2025.