Capital Expenditures for Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's current capital expenditures (TTM) is $3.17B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CAT
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.17B
YoY change
-54.4%
5Y CAGR
-7.1%
Peak year (2012)
$5.08B
Cumulative capital expenditures
$81.95B
CapEx history chart for Caterpillar (CAT) from 1989 to 2025
CapEx history table for Caterpillar (CAT) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.47B | -54.4% | ||
| 2024 | $3.21B | +4.0% | ||
| 2023 | $3.09B | +19.0% | ||
| 2022 | $2.60B | +5.1% | ||
| 2021 | $2.47B | +16.9% | ||
| 2020 | $2.12B | -20.8% | ||
| 2019 | $2.67B | -8.5% | ||
| 2018 | $2.92B | +24.8% | ||
| 2017 | $2.34B | -20.2% | ||
| 2016 | $2.93B | -10.2% | ||
| 2015 | $3.26B | -3.5% | ||
| 2014 | $3.38B | -24.0% | ||
| 2013 | $4.45B | -12.4% | ||
| 2012 | $5.08B | +29.4% | ||
| 2011 | $3.92B | +51.7% | ||
| 2010 | $2.59B | +4.6% | ||
| 2009 | $2.47B | -36.4% | ||
| 2008 | $3.89B | +27.8% | ||
| 2007 | $3.04B | +13.6% | ||
| 2006 | $2.67B | +10.8% | ||
| 2005 | $2.42B | +14.2% | ||
| 2004 | $2.11B | +19.8% | ||
| 2003 | $1.76B | -0.5% | ||
| 2002 | $1.77B | -9.9% | ||
| 2001 | $1.97B | +41.8% | ||
| 2000 | $1.39B | +8.4% | ||
| 1999 | $1.28B | +0.9% | ||
| 1998 | $1.27B | +14.7% | ||
| 1997 | $1.11B | +43.5% | ||
| 1996 | $771.00M | +13.5% | ||
| 1995 | $679.00M | -2.2% | ||
| 1994 | $694.00M | +9.8% | ||
| 1993 | $632.00M | -1.3% | ||
| 1992 | $640.00M | -17.3% | ||
| 1991 | $774.00M | -25.5% | ||
| 1990 | $1.04B | -4.6% | ||
| 1989 | $1.09B | — |
CapEx values are taken from Caterpillar's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Caterpillar (CAT) capital expenditures is $1.47B – plunged 54.4% year-over-year.
Across 2020–2025 (5 years), Caterpillar capital expenditures produced a CAGR of -7.1% – with a net decline across the window.
Caterpillar capital expenditures peaked at $5.08B in 2012; the latest annual figure is $1.47B in 2025 (71.1% below peak).
$5.08B stands as the all-time-high annual capital expenditures, posted in 2012, against a low of $632.00M during 1993.
Among 8 Industrials peers, Caterpillar (CAT) ranks 5th; the peer median for capital expenditures is $1.95B.
Caterpillar Capital Expenditures by Year
Caterpillar Capital Expenditures 2025: $1.47B
Caterpillar capital expenditures in 2025 was $1.47B, plunged 54.4% below 2024.
Caterpillar Capital Expenditures 2024: $3.21B
Caterpillar capital expenditures in 2024 was $3.21B, edged up 4.0% from 2023.
Caterpillar Capital Expenditures 2023: $3.09B
Caterpillar capital expenditures in 2023 was $3.09B, grew 19.0% from 2022.
Caterpillar Capital Expenditures 2022: $2.60B
Caterpillar capital expenditures in 2022 was $2.60B, grew 5.1% from 2021.
Caterpillar Capital Expenditures 2021: $2.47B
Caterpillar capital expenditures in 2021 was $2.47B.
See more financial history for Caterpillar (CAT).
Sector peers — CapEx
Companies in the same sector as Caterpillar, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Parker-Hannifin Corporation (PH) | $435.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Caterpillar's capital expenditures?
- Latest reported capital expenditures for Caterpillar (CAT) is $3.17B (period ending December 31, 2025).
How has Caterpillar capital expenditures changed year-over-year?
- Caterpillar (CAT) capital expenditures changed -54.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Caterpillar capital expenditures?
- Caterpillar (CAT) capital expenditures compound annual growth rate is -7.1% over the most recent 5 years available.
When did Caterpillar capital expenditures hit its highest annual value?
- Caterpillar capital expenditures reached its highest annual value of $5.08B in 2012.
What was Caterpillar capital expenditures in 2024?
- Caterpillar (CAT) capital expenditures in 2024 was $3.21B.
What was Caterpillar capital expenditures in 2025?
- Caterpillar (CAT) capital expenditures in 2025 was $1.47B.
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