Caterpillar (CAT) Total Debt (2009 - 2026)
Caterpillar (CAT) recorded Total Debt of $45.15 billion in Q2 2026, up 10.8% from $40.75 billion a year earlier and up 4.8% from the prior quarter.
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Analysis
Caterpillar (CAT) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Caterpillar reported Total Debt of $43.33 billion, up 12.8% from FY2024.
- Annual Total Debt has increased for three straight years, with a five-year compound annual growth rate of 3.1% (FY2020 to FY2025).
- Across earlier years, Total Debt came in at $38.41 billion in FY2024 (+1.4%), $37.88 billion in FY2023 (+2.4%), $36.99 billion in FY2022 (-2.1%) and $37.79 billion in FY2021 (+1.7%).
- The Q2 2026 figure is the highest quarterly Total Debt in data going back to Q4 2009.
- On a year-over-year basis, Total Debt has increased for eight consecutive quarters, with growth averaging 7.4% over the last eight quarters.
- Peak year-over-year performance for Total Debt in the last five years was growth of 12.8% in Q4 2025, against a decline of 3.5% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $43.07 billion (Q1 2026), $43.33 billion (Q4 2025) and $41.53 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.84 Bn | 323.53 Bn | 7.76 Bn | 45.15 Bn |
| 2 | Amphenol | 209.14 Bn | 203.72 Bn | 3.55 Bn | 18.81 Bn |
| 3 | Deere | 173.99 Bn | 142.08 Bn | 4.66 Bn | 23.21 Bn |
| 4 | Eaton | 165.20 Bn | 162.39 Bn | 2.86 Bn | 20.61 Bn |
| 5 | Parker-Hannifin | 120.55 Bn | 118.67 Bn | 2.25 Bn | 8.52 Bn |
| 6 | Emerson Electric | 90.75 Bn | 83.49 Bn | 2.66 Bn | 13.11 Bn |
| 7 | Vertiv Holdings | 90.61 Bn | 81.23 Bn | 1.23 Bn | 2.94 Bn |
| 8 | 3M | 83.78 Bn | 65.18 Bn | 2.68 Bn | 12.55 Bn |
| 9 | Illinois Tool Works | 75.74 Bn | 72.30 Bn | 1.90 Bn | 9.69 Bn |
| 10 | Cummins | 72.28 Bn | 68.36 Bn | 2.47 Bn | 7.35 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.15 Bn |
| Mar 31, 2026 | 43.07 Bn |
| Dec 31, 2025 | 43.33 Bn |
| Sep 30, 2025 | 41.53 Bn |
| Jun 30, 2025 | 40.75 Bn |
| Mar 31, 2025 | 38.59 Bn |
| Dec 31, 2024 | 38.41 Bn |
| Sep 30, 2024 | 37.90 Bn |
| Jun 30, 2024 | 37.31 Bn |
| Mar 31, 2024 | 37.85 Bn |
| Dec 31, 2023 | 37.88 Bn |
| Sep 30, 2023 | 37.14 Bn |
| Jun 30, 2023 | 37.70 Bn |
| Mar 31, 2023 | 37.04 Bn |
| Dec 31, 2022 | 36.99 Bn |
| Sep 30, 2022 | 36.53 Bn |
| Jun 30, 2022 | 36.96 Bn |
| Mar 31, 2022 | 37.58 Bn |
| Dec 31, 2021 | 37.79 Bn |
| Sep 30, 2021 | 36.78 Bn |
API Access
Caterpillar Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();