Caterpillar (CAT) Operating Interest Expenses (2009 - 2026)
Caterpillar (CAT) reported Operating Interest Expenses of $362 million for Q2 2026, up 7.7% from $336 million a year earlier and up 4.9% from the prior quarter.
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Analysis
Caterpillar (CAT) Operating Interest Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Caterpillar's Operating Interest Expenses came in at $1.4 billion, up 5.1% year-over-year; for FY2025, it was $1.36 billion, up 5.7% from FY2024.
- Operating Interest Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 18.2% (FY2020 to FY2025).
- By year, Operating Interest Expenses came in at $1.29 billion in FY2024 (+24.9%), $1.03 billion in FY2023 (+82.3%), $565 million in FY2022 (+24.2%) and $455 million in FY2021 (-22.8%).
- The Q2 2026 figure ranks as the highest quarterly Operating Interest Expenses in data going back to Q1 2009.
- Year over year, Operating Interest Expenses has now increased in each of the last 17 quarters, with growth averaging 9.3% over the last eight quarters.
- The high point for year-over-year Operating Interest Expenses in five years was Q1 2023 (growth of 104.7%); the low point was Q4 2021 (a decline of 19.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $345 million (Q1 2026), $351 million (Q4 2025) and $346 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Interest Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 350.67 Bn | 322.37 Bn | 7.76 Bn | 362.00 Mn |
| 2 | Amphenol | 208.68 Bn | 203.26 Bn | 3.55 Bn | - |
| 3 | Deere | 173.30 Bn | 141.39 Bn | 4.66 Bn | - |
| 4 | Eaton | 165.21 Bn | 162.40 Bn | 2.86 Bn | - |
| 5 | Parker-Hannifin | 120.29 Bn | 118.41 Bn | 2.25 Bn | - |
| 6 | Emerson Electric | 90.58 Bn | 83.32 Bn | 2.66 Bn | - |
| 7 | Vertiv Holdings | 90.47 Bn | 81.09 Bn | 1.23 Bn | - |
| 8 | 3M | 83.68 Bn | 65.08 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 75.56 Bn | 72.12 Bn | 1.90 Bn | - |
| 10 | Cummins | 72.29 Bn | 68.37 Bn | 2.47 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 362.00 Mn |
| Mar 31, 2026 | 345.00 Mn |
| Dec 31, 2025 | 351.00 Mn |
| Sep 30, 2025 | 346.00 Mn |
| Jun 30, 2025 | 336.00 Mn |
| Mar 31, 2025 | 326.00 Mn |
| Dec 31, 2024 | 338.00 Mn |
| Sep 30, 2024 | 336.00 Mn |
| Jun 30, 2024 | 314.00 Mn |
| Mar 31, 2024 | 298.00 Mn |
| Dec 31, 2023 | 288.00 Mn |
| Sep 30, 2023 | 280.00 Mn |
| Jun 30, 2023 | 245.00 Mn |
| Mar 31, 2023 | 217.00 Mn |
| Dec 31, 2022 | 188.00 Mn |
| Sep 30, 2022 | 151.00 Mn |
| Jun 30, 2022 | 120.00 Mn |
| Mar 31, 2022 | 106.00 Mn |
| Dec 31, 2021 | 103.00 Mn |
| Sep 30, 2021 | 111.00 Mn |
API Access
Caterpillar Operating Interest Expenses 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=operating-interest-expenses&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-interest-expenses", "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=operating-interest-expenses&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();