Caterpillar (CAT) Research & Development (2009 - 2026)
Caterpillar (CAT) posted Research & Development of $616.0 million for Q2 2026, up 14.71% on a QoQ basis from $537.0 million in Q1 2026, and up 11.8% year-over-year from $551.0 million in Q2 2025.
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Caterpillar (CAT) Research & Development (2009 - 2026) Analysis & Trends
Caterpillar has reported Research & Development for 18 years, with the latest figure at $616.0 million in Q2 2026.
- On a quarterly basis, Research & Development rose 11.8% year-over-year to $616.0 million in Q2 2026; TTM through Jun 2026 was $2.3 billion, a 8.98% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 1.95% from the prior year.
- Research & Development was $616.0 million for Q2 2026 at Caterpillar, up from $537.0 million in the prior quarter.
- The five-year high for Research & Development was $616.0 million in Q2 2026, with the low at $401.0 million in Q4 2022.
- Average Research & Development over 5 years is $518.3 million, with a median of $530.5 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Research & Development slipped 8.66% in 2022, then soared 38.15% in 2023.
- Over 5 years, Research & Development stood at $401.0 million in 2022, then jumped by 38.15% to $554.0 million in 2023, then dropped by 6.32% to $519.0 million in 2024, then advanced by 8.29% to $562.0 million in 2025, then advanced by 9.61% to $616.0 million in 2026.
- The last three Research & Development figures came in at $616.0 million (Q2 2026), $537.0 million (Q1 2026), and $562.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.58 Bn | 364.86 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 204.28 Bn | 198.29 Bn | 3.55 Bn | - |
| 3 | Deere | 189.58 Bn | 180.70 Bn | 12.32 Bn | 567.00 Mn |
| 4 | Eaton | 171.87 Bn | 171.22 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 121.60 Bn | 121.11 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 97.62 Bn | 94.51 Bn | 1.23 Bn | - |
| 7 | 3M | 87.32 Bn | 84.04 Bn | 2.68 Bn | 302.00 Mn |
| 8 | Emerson Electric | 86.05 Bn | 83.88 Bn | 2.66 Bn | - |
| 9 | Illinois Tool Works | 77.02 Bn | 76.18 Bn | 1.90 Bn | - |
| 10 | Cummins | 72.43 Bn | 68.82 Bn | 2.47 Bn | 385.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 616.00 Mn |
| Mar 31, 2026 | 537.00 Mn |
| Dec 31, 2025 | 562.00 Mn |
| Sep 30, 2025 | 555.00 Mn |
| Jun 30, 2025 | 551.00 Mn |
| Mar 31, 2025 | 480.00 Mn |
| Dec 31, 2024 | 519.00 Mn |
| Sep 30, 2024 | 533.00 Mn |
| Jun 30, 2024 | 535.00 Mn |
| Mar 31, 2024 | 520.00 Mn |
| Dec 31, 2023 | 554.00 Mn |
| Sep 30, 2023 | 554.00 Mn |
| Jun 30, 2023 | 528.00 Mn |
| Mar 31, 2023 | 472.00 Mn |
| Dec 31, 2022 | 401.00 Mn |
| Sep 30, 2022 | 476.00 Mn |
| Jun 30, 2022 | 480.00 Mn |
| Mar 31, 2022 | 457.00 Mn |
| Dec 31, 2021 | 439.00 Mn |
| Sep 30, 2021 | 427.00 Mn |
API Access
Caterpillar Research & Development 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=research-and-development&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();