Resource Industries — Cost of goods sold
Business Segments · Cost of goods soldCaterpillar Resource Industries — Cost of goods sold increased by 17.0% to $2.63B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 26.0%, from $2.08B to $2.63B. Over 3 years (FY 2022 to FY 2025), Resource Industries — Cost of goods sold shows relatively stable performance with a -0.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A rising ratio relative to revenue indicates margin compression and potential inefficiencies in production or supply chain management.
Detailed definition
Includes all direct costs associated with the manufacturing and delivery of products within the Resource Industries segm...
Peer comparison
Standard COGS metric; peers in heavy manufacturing report this to determine gross margin performance.
cat_segment_resource_industries_cost_of_goods_soldHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.31B | $2.31B | $2.31B | $2.31B | $2.34B | $2.34B | $2.34B | $2.34B | $2.12B | $2.13B | $2.06B | $2.08B | $1.96B | $2.19B | $2.24B | $2.63B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +1.3% | +0.0% | +0.0% | +0.0% | -9.6% | +0.8% | -3.6% | +1.3% | -5.9% | +11.7% | +2.5% | +17.0% |
| YoY Change | — | — | — | — | +1.3% | +1.3% | +1.3% | +1.3% | -9.6% | -9.0% | -12.2% | -11.0% | -7.4% | +2.7% | +9.1% | +26.0% |
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Frequently Asked Questions
- What is Caterpillar's resource industries — cost of goods sold?
- Caterpillar (CAT) reported resource industries — cost of goods sold of $2.63B in Q4 2025.
- How has Caterpillar's resource industries — cost of goods sold changed year-over-year?
- Caterpillar's resource industries — cost of goods sold increased by 26.0% year-over-year, from $2.08B to $2.63B.
- What is the long-term trend for Caterpillar's resource industries — cost of goods sold?
- Over 3 years (2022 to 2025), Caterpillar's resource industries — cost of goods sold has grown at a -0.8% compound annual growth rate (CAGR), from $9.25B to $9.02B.
- What does resource industries — cost of goods sold mean?
- The direct costs incurred to produce and deliver the equipment and parts sold by the segment.