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

Caterpillar (CAT) has 17 years of Research & Development data on record, last reported at $562.0 million in Q4 2025.

  • For Q4 2025, Research & Development rose 8.29% year-over-year to $562.0 million; the TTM value through Dec 2025 reached $2.1 billion, up 1.95%, while the annual FY2025 figure was $2.1 billion, 1.95% up from the prior year.
  • Research & Development reached $562.0 million in Q4 2025 per CAT's latest filing, up from $555.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $562.0 million in Q4 2025 and bottomed at $374.0 million in Q1 2021.
  • Average Research & Development over 5 years is $493.2 million, with a median of $499.5 million recorded in 2022.
  • Peak YoY movement for Research & Development: decreased 8.66% in 2022, then surged 38.15% in 2023.
  • A 5-year view of Research & Development shows it stood at $439.0 million in 2021, then dropped by 8.66% to $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.
  • Per Business Quant database, its latest 3 readings for Research & Development were $562.0 million in Q4 2025, $555.0 million in Q3 2025, and $551.0 million in Q2 2025.