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Caterpillar Inc (CAT): R&D Expense

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the years ended 2014-12-31, 2016-12-31 (for example after a spin-off or a discontinued operation), while the year before each was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

$2.15B
Year ended 2025-12-31
$2.27B
Trailing 12 months to 2026-06-30
+5.8%
3-year compound annual growth
+8.7%
5-year compound annual growth
$2.47B2007-12-31: $1.40B2008-12-31: $1.73B2009-12-31: $1.42B2010-12-31: $1.91B2011-12-31: $2.30B2012-12-31: $2.47B2013-12-31: $2.05B2014-12-31: $2.38B2015-12-31: $2.12B2016-12-31: $1.85B2017-12-31: $1.84B2018-12-31: $1.85B2019-12-31: $1.69B2020-12-31: $1.42B2021-12-31: $1.69B2022-12-31: $1.81B2023-12-31: $2.11B2024-12-31: $2.11B2025-12-31: $2.15B$2.15B
2007-12-31 R&D Expense (USD) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-31$2.15B+1.9%2026-02-13, From 2025-01-01
2024-12-31$2.11B0.0%2026-02-13, From 2024-01-01
2023-12-31$2.11B+16.2%2026-02-13, From 2023-01-01
2022-12-31$1.81B+7.6%2025-02-14, From 2022-01-01
2021-12-31$1.69B+19.2%2024-02-16, From 2021-01-01
2020-12-31$1.42B-16.4%2023-02-15, From 2020-01-01
2019-12-31$1.69B-8.5%2022-02-16, From 2019-01-01
2018-12-31$1.85B+0.4%2021-02-17, From 2018-01-01
2017-12-31$1.84B-0.6%2020-02-19, From 2017-01-01
2016-12-31$1.85Bn/c2019-02-14, From 2016-01-01
2015-12-31$2.12B-11.0%2018-02-15, From 2015-01-01
2014-12-31$2.38Bn/c2017-02-15, From 2014-01-01
2013-12-31$2.05B-17.0%2016-02-16, From 2013-01-01
2012-12-31$2.47B+7.4%2015-02-17, From 2012-01-01
2011-12-31$2.30B+20.6%2014-02-18, From 2011-01-01
2010-12-31$1.91B+34.1%2013-02-19, From 2010-01-01
2009-12-31$1.42B-17.8%2012-02-21, From 2009-01-01
2008-12-31$1.73B+23.1%2011-02-22, From 2008-01-01
2007-12-31$1.40Bn/a2010-02-19, From 2007-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Construction Machinery & Equip), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
Caterpillar Inc (CAT)2025-12-31$2.15B+1.9%
CNH Industrial N.V. (CNH)2025-12-31$1.02B+10.9%
Manitowoc Co Inc (MTW)2025-12-31$55.80M+35.8%
Aebi Schmidt Holding AG (AEBI)2025-12-31$26.49M+35.5%
Astec Industries Inc (ASTE)2025-12-31$26.90M+13.0%
Columbus Mckinnon Corp (CMCO)2026-03-31$21.41M-10.3%
Douglas Dynamics, Inc (PLOW)2025-12-31$7.70M-8.3%
Gencor Industries Inc (GENC)2025-09-30$2.76M-16.8%

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