What is Caterpillar's accumulated depreciation?

Caterpillar (CAT) reported accumulated depreciation of $16.77B in Q4 2025.

How has Caterpillar's accumulated depreciation changed year-over-year?

Caterpillar's accumulated depreciation increased by 4.0% year-over-year, from $16.12B to $16.77B.

What is the long-term trend for Caterpillar's accumulated depreciation?

Over 5 years (2020 to 2025), Caterpillar's accumulated depreciation has grown at a -0.1% compound annual growth rate (CAGR), from $16.87B to $16.77B.

What does accumulated depreciation mean?

The total amount of depreciation recorded for all assets since they were purchased.

Accumulated Depreciation

Non-Current Assets

Caterpillar Accumulated Depreciation increased by 4.0% to $16.77B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.0%, from $16.12B to $16.77B. Over 5 years (FY 2020 to FY 2025), Accumulated Depreciation shows relatively stable performance with a -0.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ4 2008

Last reportedQ3 2025

Parent metricPP&E (Net)

How to read this metric

A high ratio of accumulated depreciation to gross PP&E may indicate an aging asset base requiring future capital expenditure.

Detailed definition

This is the cumulative amount of depreciation expense charged against fixed assets since their acquisition. It represent...

Peer comparison

Standard accounting metric; essential for evaluating the lifecycle stage of industrial assets.

Metric ID: ppe_accumulated_depreciation

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$16.78B	$16.04B	$15.94B	$16.12B	$16.77B
QoQ Change	—	-4.4%	-0.6%	+1.1%	+4.0%
YoY Change	—	-4.4%	-0.6%	+1.1%	+4.0%
% of PP&E (Net)	138.8%	133.3%	125.7%	120.6%	110.7%
Share Change	—	-5.5pp	-7.6pp	-5.1pp	-9.9pp

Range$15.94B – $16.78B

CAGR-0.1%

Avg YoY Growth+0.0%

Median YoY Growth+0.3%

Current Streak2 quarters growth

Frequently Asked Questions

What is Caterpillar's accumulated depreciation?: Caterpillar (CAT) reported accumulated depreciation of $16.77B in Q4 2025.
How has Caterpillar's accumulated depreciation changed year-over-year?: Caterpillar's accumulated depreciation increased by 4.0% year-over-year, from $16.12B to $16.77B.
What is the long-term trend for Caterpillar's accumulated depreciation?: Over 5 years (2020 to 2025), Caterpillar's accumulated depreciation has grown at a -0.1% compound annual growth rate (CAGR), from $16.87B to $16.77B.
What does accumulated depreciation mean?: The total amount of depreciation recorded for all assets since they were purchased.