Caterpillar Segments Excluding All Other Segments — SG&A/R&D increased by 10.1% to $2.06B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.8%, from $1.97B to $2.06B. Over 3 years (FY 2022 to FY 2025), Segments Excluding All Other Segments — SG&A/R&D shows an upward trend with a 6.6% CAGR.
A stable or decreasing ratio relative to revenue suggests strong operational leverage, while a sharp increase may indicate aggressive investment in future technology or rising administrative complexity.
This metric aggregates the operating expenses related to selling, general, and administrative functions, alongside inves...
Comparable to 'Operating Expenses' or 'SG&A plus R&D' expenses at peer industrial and technology-integrated manufacturing firms.
cat_segment_segments_excluding_all_other_segments_sg_a_r_d| 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 | $1.56B | $1.56B | $1.56B | $1.56B | $1.75B | $1.75B | $1.75B | $1.75B | $1.74B | $1.81B | $1.88B | $1.97B | $1.77B | $1.87B | $1.87B | $2.06B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.1% | +0.0% | +0.0% | +0.0% | -0.8% | +4.0% | +4.0% | +4.6% | -9.9% | +5.4% | +0.3% | +10.1% |
| YoY Change | — | — | — | — | +12.1% | +12.1% | +12.1% | +12.1% | -0.8% | +3.2% | +7.4% | +12.3% | +2.0% | +3.3% | -0.4% | +4.8% |
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