Caterpillar (CAT) Research & Development (2009 - 2026)
Caterpillar (CAT) posted quarterly Research & Development of $537.0 million for Q1 2026, up 11.87% year-over-year from $480.0 million in Q1 2025, and down 4.45% quarter-over-quarter from $562.0 million in Q4 2025.
Caterpillar (CAT) Research & Development (2009 - 2026) Analysis & Trends
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 for Q1 2026 stood at $537.0 million, down from $562.0 million in the prior quarter.
- The five-year high for Research & Development was $562.0 million in Q4 2025, with the low at $401.0 million in Q4 2022.
- The 5-year median for Research & Development is $528.0 million (2023), against an average of $512.6 million.
- The sharpest annual moves came in 2022 and 2023: Research & Development retreated 8.66% in 2022, then jumped 38.15% in 2023.
- Caterpillar's Research & Development stood at $401.0 million in 2022, then surged by 38.15% to $554.0 million in 2023, then decreased by 6.32% to $519.0 million in 2024, then rose by 8.29% to $562.0 million in 2025, then decreased by 4.45% to $537.0 million in 2026.
- Business Quant data shows CAT's Research & Development at $537.0 million in Q1 2026, $562.0 million in Q4 2025, and $555.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 389.64 Bn | 382.93 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Deere | 166.83 Bn | 158.93 Bn | 13.06 Bn | 583.00 Mn |
| 3 | Paccar | 69.86 Bn | 61.19 Bn | 1.56 Bn | 114.30 Mn |
| 4 | CNH Industrial | 13.35 Bn | 11.48 Bn | 1.41 Bn | 230.00 Mn |
| 5 | Oshkosh | 9.78 Bn | 9.37 Bn | 480.30 Mn | - |
| 6 | Terex | 7.69 Bn | 7.28 Bn | 444.00 Mn | - |
| 7 | Agco | 7.25 Bn | 6.68 Bn | 645.90 Mn | - |
| 8 | Blue Bird | 2.26 Bn | 2.14 Bn | 103.37 Mn | - |
| 9 | Alamo | 2.08 Bn | 1.88 Bn | 110.86 Mn | - |
| 10 | Lindsay | 1.20 Bn | 1.04 Bn | 47.83 Mn | 4.65 Mn |
Historic Data
Download 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 |