Caterpillar (CAT) r&d spend was $2.1B in FY2025 (+2% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$2.1B
+2%
2024
$2.1B
-0%
2023
$2.1B
+16%
2022
$1.8B
+8%
2021
$1.7B
+19%
2020
$1.4B
-16%
2019
$1.7B
-8%
2018
$1.9B
+0%
2017
$1.8B
-1%
2016
$1.9B
-13%
2015
$2.1B
-11%
2014
$2.4B
+16%
2013
$2.0B
-17%
2012
$2.5B
+7%
2011
$2.3B
+21%
2010
$1.9B
+34%
2009
$1.4B
-18%
2008
$1.7B
+23%
2007
$1.4B
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$537M
Q4 2025
$562M
Q3 2025
$555M
Q2 2025
$551M
Q1 2025
$480M
Q4 2024
$519M
Q3 2024
$533M
Q2 2024
$535M
Q1 2024
$520M
Q4 2023
$554M
Q3 2023
$554M
Q2 2023
$528M
Source: CAT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.