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Caterpillar (CAT) Research & Development (2016 - 2026)

Caterpillar's Research & Development history spans 18 years, with the latest figure at $537.0 million for Q1 2026.

  • Quarterly Research & Development rose 11.87% to $537.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $2.2 billion through Mar 2026, up 6.68% year-over-year, with the annual reading at $2.1 billion for FY2025, 1.95% up from the prior year.
  • Research & Development came in at $537.0 million for Q1 2026, 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.
  • The 5-year median for Research & Development is $528.0 million (2023), against an average of $512.6 million.
  • Year-over-year, Research & Development dropped 8.66% in 2022 and then skyrocketed 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.
  • Per Business Quant, the three most recent readings for CAT's Research & Development are $537.0 million (Q1 2026), $562.0 million (Q4 2025), and $555.0 million (Q3 2025).