Cash & Equivalents
Caterpillar Cash & Equivalents increased by 32.5% to $9.99B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 44.8%, from $6.90B to $9.99B. Over 5 years (FY 2020 to FY 2025), Cash & Equivalents shows relatively stable performance with a 1.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $10.83B | $9.45B | $9.26B | $6.53B | $6.01B | $6.35B | $7.01B | $6.79B | $7.39B | $6.55B | $6.99B | $4.96B | $4.34B | $5.64B | $6.90B | $3.56B | $5.44B | $7.54B | $9.99B |
| QoQ Change | — | -12.8% | -1.9% | -29.5% | -7.8% | +5.5% | +10.5% | -3.2% | +8.8% | -11.4% | +6.7% | -29.0% | -12.5% | +29.9% | +22.3% | -48.3% | +52.8% | +38.5% | +32.5% |
| YoY Change | — | — | — | — | -44.5% | -32.8% | -24.3% | +4.0% | +22.8% | +3.1% | -0.4% | -27.0% | -41.2% | -13.9% | -1.3% | -28.2% | +25.4% | +33.7% | +44.8% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Caterpillar's cash & equivalents?
- Caterpillar (CAT) reported cash & equivalents of $9.99B in Q4 2025.
- How has Caterpillar's cash & equivalents changed year-over-year?
- Caterpillar's cash & equivalents increased by 44.8% year-over-year, from $6.90B to $9.99B.
- What is the long-term trend for Caterpillar's cash & equivalents?
- Over 5 years (2020 to 2025), Caterpillar's cash & equivalents has grown at a 1.3% compound annual growth rate (CAGR), from $9.37B to $9.99B.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.