Financial Products — CapEx
Business Segments · CapExCaterpillar Financial Products — CapEx increased by 20.6% to $433.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 62.2%, from $267.00M to $433.00M. Over 4 years (FY 2021 to FY 2025), Financial Products — CapEx shows an upward trend with a 2.4% CAGR.
Analysis
How to read this metric
An increase may signal investment in digital transformation or operational capacity, while a decrease could indicate a focus on cost control or a shift toward asset-light models.
Detailed definition
This metric represents the total cash outflows for the acquisition of long-term assets, such as equipment, software, or...
Peer comparison
Comparable to capital expenditures in other captive finance or banking subsidiaries, where investment is often driven by IT infrastructure and administrative facility needs.
cat_segment_financial_products_segment_capital_expendituresHistorical 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 | $361.00M | $311.00M | $318.00M | $241.00M | $334.00M | $295.00M | $271.00M | $279.00M | $410.00M | $342.00M | $268.00M | $234.00M | $320.00M | $264.00M | $267.00M | $170.00M | $379.00M | $359.00M | $433.00M |
| QoQ Change | — | -13.9% | +2.3% | -24.2% | +38.6% | -11.7% | -8.1% | +3.0% | +47.0% | -16.6% | -21.6% | -12.7% | +36.8% | -17.5% | +1.1% | -36.3% | +122.9% | -5.3% | +20.6% |
| YoY Change | — | — | — | — | -7.5% | -5.1% | -14.8% | +15.8% | +22.8% | +15.9% | -1.1% | -16.1% | -22.0% | -22.8% | -0.4% | -27.4% | +18.4% | +36.0% | +62.2% |
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Frequently Asked Questions
- What is Caterpillar's financial products — capex?
- Caterpillar (CAT) reported financial products — capex of $433.00M in Q4 2025.
- How has Caterpillar's financial products — capex changed year-over-year?
- Caterpillar's financial products — capex increased by 62.2% year-over-year, from $267.00M to $433.00M.
- What is the long-term trend for Caterpillar's financial products — capex?
- Over 4 years (2021 to 2025), Caterpillar's financial products — capex has grown at a 2.4% compound annual growth rate (CAGR), from $1.22B to $1.34B.
- What does financial products — capex mean?
- The amount of money the financial services segment spends on long-term assets to support its operations.