CATERPILLAR INC R&D Expense 2007-2025 | CAT
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is CATERPILLAR INC's current r&d expense?
CATERPILLAR INC (CAT) annual r&d expense for 2025 was $2.15B, a 1.95% increase from 2024. CATERPILLAR INC r&d expense for the quarter ending December 31, 2025 was $562.0M.
What was CATERPILLAR INC's r&d expense in 2024?
CATERPILLAR INC annual r&d expense for 2024 was $2.11B, a 0.05% decline from 2023.
What was CATERPILLAR INC's r&d expense in 2023?
CATERPILLAR INC annual r&d expense for 2023 was $2.11B, a 16.21% increase from 2022.
What is CATERPILLAR INC's 5-year r&d expense CAGR?
CATERPILLAR INC r&d expense grew at a compound annual growth rate (CAGR) of 8.71% from FY2020 to FY2025, going from $1.42B to $2.15B over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+8.7%
FY2020
$1.42B
→
FY2025
$2.15B
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $2.15B | +1.9% | 10-K |
| FY2024 | $2.11B | -0.0% | 10-K |
| FY2023 | $2.11B | +16.2% | 10-K |
| FY2022 | $1.81B | +7.6% | 10-K |
| FY2021 | $1.69B | +19.2% | 10-K |
| FY2020 | $1.42B | -16.4% | 10-K |
| FY2019 | $1.69B | -8.5% | 10-K |
| FY2018 | $1.85B | +0.4% | 10-K |
| FY2017 | $1.84B | -0.6% | 10-K |
| FY2016 | $1.85B | -12.6% | 10-K |
| FY2015 | $2.12B | -11.0% | 10-K |
| FY2014 | $2.38B | +16.3% | 10-K |
| FY2013 | $2.05B | -17.0% | 10-K |
| FY2012 | $2.47B | +7.4% | 10-K |
| FY2011 | $2.30B | +20.6% | 10-K |
| FY2010 | $1.91B | +34.1% | 10-K |
| FY2009 | $1.42B | -17.8% | 10-K |
| FY2008 | $1.73B | +23.1% | 10-K |
| FY2007 | $1.40B | - | 10-K |
Company: CATERPILLAR INCTicker: CATSector: IndustrialIndustry: Construction Machinery & EquipView company profile →