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Caterpillar (CAT) Research & Development (2016 - 2025)

Caterpillar has reported Research & Development over the past 17 years, most recently at $562.0 million for Q4 2025.

  • Quarterly results put Research & Development at $562.0 million for Q4 2025, up 8.29% from a year ago — trailing twelve months through Dec 2025 was $2.1 billion (up 1.95% YoY), and the annual figure for FY2025 was $2.1 billion, up 1.95%.
  • Research & Development for Q4 2025 was $562.0 million at Caterpillar, up from $555.0 million in the prior quarter.
  • Over the last five years, Research & Development for CAT hit a ceiling of $562.0 million in Q4 2025 and a floor of $374.0 million in Q1 2021.
  • Median Research & Development over the past 5 years was $499.5 million (2022), compared with a mean of $493.2 million.
  • Biggest five-year swings in Research & Development: dropped 8.66% in 2022 and later skyrocketed 38.15% in 2023.
  • Caterpillar's Research & Development stood at $439.0 million in 2021, then decreased by 8.66% to $401.0 million in 2022, then skyrocketed by 38.15% to $554.0 million in 2023, then dropped by 6.32% to $519.0 million in 2024, then increased by 8.29% to $562.0 million in 2025.
  • The last three reported values for Research & Development were $562.0 million (Q4 2025), $555.0 million (Q3 2025), and $551.0 million (Q2 2025) per Business Quant data.