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

Caterpillar (CAT) has reported Research & Development for 18 consecutive years, with $537.0 million the latest figure, recorded in 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 came in at $537.0 million for Q1 2026 at Caterpillar, 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.
• Average Research & Development over 5 years is $512.6 million, with a median of $528.0 million recorded in 2023.
• Across the five-year window, Research & Development declined 8.66% in 2022 and surged 38.15% in 2023, its largest moves.
• Year by year, Research & Development stood at $401.0 million in 2022, then soared by 38.15% to $554.0 million in 2023, then fell by 6.32% to $519.0 million in 2024, then grew by 8.29% to $562.0 million in 2025, then fell by 4.45% to $537.0 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $537.0 million, $562.0 million, and $555.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.