What is Caterpillar's performance obligations in arrangements?

Caterpillar (CAT) reported performance obligations in arrangements of $30.10B in Q4 2025.

What is the long-term trend for Caterpillar's performance obligations in arrangements?

Over 2 years (2023 to 2025), Caterpillar's performance obligations in arrangements has grown at a 55.2% compound annual growth rate (CAGR), from $12.50B to $30.10B.

What does performance obligations in arrangements mean?

The total value of contracted work that the company has committed to perform but has not yet completed.

Discontinued — last reported Q2 '21

Performance Obligations in Arrangements

Current Liabilities

Caterpillar Performance Obligations in Arrangements increased by 98.0% to $30.10B in Q4 2025 compared to the prior quarter. Over 2 years (FY 2023 to FY 2025), Performance Obligations in Arrangements shows an upward trend with a 55.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionCurrent Liabilities

CategoryGrowth

SignalHigher is better

VolatilityModerate

First reportedQ4 2018

Last reportedQ2 2021

How to read this metric

An increase suggests a growing backlog and strong future revenue potential, while a decrease may indicate slowing demand or faster fulfillment cycles.

Detailed definition

This represents the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied...

Peer comparison

Commonly reported by industrial and technology firms as 'Remaining Performance Obligations' or 'Backlog'.

Metric ID: performance_obligations_in_arrangements

Historical Data

3 periods

	Q4 '23	Q4 '24	Q4 '25
Value	$12.50B	$15.20B	$30.10B
QoQ Change	—	+21.6%	+98.0%
YoY Change	—	+21.6%	+98.0%

Range$12.50B – $30.10B

Avg YoY Growth+59.8%

Median YoY Growth+59.8%

Current Streak2+ quarters growth

Frequently Asked Questions

What is Caterpillar's performance obligations in arrangements?: Caterpillar (CAT) reported performance obligations in arrangements of $30.10B in Q4 2025.
What is the long-term trend for Caterpillar's performance obligations in arrangements?: Over 2 years (2023 to 2025), Caterpillar's performance obligations in arrangements has grown at a 55.2% compound annual growth rate (CAGR), from $12.50B to $30.10B.
What does performance obligations in arrangements mean?: The total value of contracted work that the company has committed to perform but has not yet completed.