Caterpillar Research and Development Expenses 2012-2026 | CAT

Caterpillar annual/quarterly research and development expenses history and growth rate from 2012 to 2026. Research and development expenses can be defined as an expense arising from studies and product development processes.
  • Caterpillar research and development expenses for the quarter ending March 31, 2026 were $537M, a 11.88% increase year-over-year.
  • Caterpillar research and development expenses for the twelve months ending March 31, 2026 were $2.205B, a 6.68% increase year-over-year.
  • Caterpillar annual research and development expenses for 2025 were $2.148B, a 1.95% increase from 2024.
  • Caterpillar annual research and development expenses for 2024 were $2.107B, a 0.05% decline from 2023.
  • Caterpillar annual research and development expenses for 2023 were $2.108B, a 16.21% increase from 2022.
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Caterpillar Annual Research and Development Expenses
(Millions of US $)
2025 $2,148
2024 $2,107
2023 $2,108
2022 $1,814
2021 $1,686
2020 $1,415
2019 $1,693
2018 $1,850
2017 $1,842
2016 $1,853
2015 $2,119
2014 $2,380
2013 $2,046
2012 $2,466
2011 $2,297
Caterpillar Quarterly Research and Development Expenses
(Millions of US $)
2026-03-31 $537
2025-12-31 $562
2025-09-30 $555
2025-06-30 $551
2025-03-31 $480
2024-12-31 $519
2024-09-30 $533
2024-06-30 $535
2024-03-31 $520
2023-12-31 $554
2023-09-30 $554
2023-06-30 $528
2023-03-31 $472
2022-12-31 $401
2022-09-30 $476
2022-06-30 $480
2022-03-31 $457
2021-12-31 $439
2021-09-30 $427
2021-06-30 $446
2021-03-31 $374
2020-12-31 $374
2020-09-30 $344
2020-06-30 $341
2020-03-31 $356
2019-12-31 $386
2019-09-30 $431
2019-06-30 $441
2019-03-31 $435
2018-12-31 $466
2018-09-30 $479
2018-06-30 $462
2018-03-31 $443
2017-12-31 $498
2017-09-30 $461
2017-06-30 $458
2017-03-31 $425
2016-12-31 $424
2016-09-30 $453
2016-06-30 $468
2016-03-31 $508
2015-12-31 $572
2015-09-30 $513
2015-06-30 $510
2015-03-31 $524
2014-12-31 $823
2014-09-30 $533
2014-06-30 $516
2014-03-31 $508
2013-12-31 $467
2013-09-30 $469
2013-06-30 $548
2013-03-31 $562
2012-12-31 $613
2012-09-30 $634
2012-06-30 $632
2012-03-31 $587
2011-12-31 $604
2011-09-30 $584
2011-06-30 $584
Sector Industry Market Cap Revenue
Industrial Products Construction and Mining Machinery $367.884B $67.589B
Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, they've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Their innovative products and services, backed by their global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments: Construction Industries, Resource Industries and Energy & Transportation. They provide financing and related services through their Financial Products segment.
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