Caterpillar (CAT) Research & Development (2009 - 2026)

Caterpillar's Research & Development history runs 18 years deep, the most recent figure standing at $537.0 million for Q1 2026.

• In Q1 2026, Research & Development rose 11.87% year-over-year to $537.0 million; the TTM figure through Mar 2026 stood at $2.2 billion (up 6.68% YoY), while the FY2025 annual figure was $2.1 billion, up 1.95% from the prior year.
• Research & Development was $537.0 million for Q1 2026 at Caterpillar, down from $562.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $562.0 million in Q4 2025 to a low of $401.0 million in Q4 2022.
• Historically, Research & Development has averaged $512.6 million across 5 years, with a median of $528.0 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Research & Development decreased 8.66% in 2022, then surged 38.15% in 2023.
• A 5-year view of Research & Development shows it stood at $401.0 million in 2022, then soared by 38.15% to $554.0 million in 2023, then slipped by 6.32% to $519.0 million in 2024, then gained by 8.29% to $562.0 million in 2025, then slipped by 4.45% to $537.0 million in 2026.
• The last three Research & Development figures came in at $537.0 million (Q1 2026), $562.0 million (Q4 2025), and $555.0 million (Q3 2025), per Business Quant data.