What is Caterpillar's raw materials?

Caterpillar (CAT) reported raw materials of $7.43B in Q4 2025.

How has Caterpillar's raw materials changed year-over-year?

Caterpillar's raw materials increased by 11.3% year-over-year, from $6.68B to $7.43B.

What is the long-term trend for Caterpillar's raw materials?

Over 5 years (2020 to 2025), Caterpillar's raw materials has grown at a 13.1% compound annual growth rate (CAGR), from $4.02B to $7.43B.

What does raw materials mean?

The value of basic materials and supplies waiting to be used in production.

Current Assets

Raw materials

Caterpillar Raw materials increased by 11.3% to $7.43B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.3%, from $6.68B to $7.43B. Over 5 years (FY 2020 to FY 2025), Raw materials shows an upward trend with a 13.1% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Assets

CategoryEfficiency

SignalContext dependent

VolatilityModerate

First reportedQ4 2014

Last reportedQ4 2025Feb 13, 2026

Parent metricInventories

How to read this metric

High levels may signal proactive supply chain hedging against shortages, while low levels could indicate lean inventory management or potential supply risks.

Detailed definition

The cost of basic components and supplies held for use in the manufacturing of finished products. This inventory serves...

Peer comparison

Standard across manufacturing sectors; levels vary based on supply chain strategy and lead times.

Metric ID: inv_raw_materials

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$5.53B	$6.37B	$6.49B	$6.68B	$7.43B
QoQ Change	—	+15.2%	+1.9%	+2.9%	+11.3%
YoY Change	—	+15.2%	+1.9%	+2.9%	+11.3%
% of Inventories	39.4%	39.2%	39.2%	39.7%	41.0%
Share Change	—	-0.2pp	+0.0pp	+0.5pp	+1.3pp

Range$5.53B – $7.43B

CAGR+34.5%

Avg YoY Growth+7.8%

Median YoY Growth+7.1%

Current Streak4+ quarters growth

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Frequently Asked Questions

What is Caterpillar's raw materials?: Caterpillar (CAT) reported raw materials of $7.43B in Q4 2025.
How has Caterpillar's raw materials changed year-over-year?: Caterpillar's raw materials increased by 11.3% year-over-year, from $6.68B to $7.43B.
What is the long-term trend for Caterpillar's raw materials?: Over 5 years (2020 to 2025), Caterpillar's raw materials has grown at a 13.1% compound annual growth rate (CAGR), from $4.02B to $7.43B.
What does raw materials mean?: The value of basic materials and supplies waiting to be used in production.