What is Caterpillar's resource industries — cost of goods sold?

Caterpillar (CAT) reported resource industries — cost of goods sold of $2.91B in Q1 2026.

How has Caterpillar's resource industries — cost of goods sold changed year-over-year?

Caterpillar's resource industries — cost of goods sold increased by 11.5% year-over-year, from $2.61B to $2.91B.

What is the long-term trend for Caterpillar's resource industries — cost of goods sold?

Over 3 years (2022 to 2025), Caterpillar's resource industries — cost of goods sold has grown at a 1.4% compound annual growth rate (CAGR), from $9.25B to $9.63B.

What does resource industries — cost of goods sold mean?

The direct costs incurred to produce and deliver the equipment and parts sold by the segment.

Business Segments · Cost of goods sold

Resource Industries — Cost of goods sold

Caterpillar Resource Industries — Cost of goods sold increased by 12.6% to $2.91B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.5%, from $2.61B to $2.91B. Over 3 years (FY 2022 to FY 2025), Resource Industries — Cost of goods sold shows relatively stable performance with a 1.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2022

Last reportedQ1 2026May 6, 2026

Rolls up toTotal Cost of Revenue

How to read this metric

A rising ratio relative to revenue indicates margin compression and potential inefficiencies in production or supply chain management.

Detailed definition

Includes all direct costs associated with the manufacturing and delivery of products within the Resource Industries segm...

Peer comparison

Standard COGS metric; peers in heavy manufacturing report this to determine gross margin performance.

Metric ID: cat_segment_resource_industries_cost_of_goods_sold

Historical Data

17 periods

	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	Q1 '26
Value	$2.31B	$2.31B	$2.31B	$2.31B	$2.36B	$2.36B	$2.36B	$2.36B	$2.12B	$2.13B	$2.06B	$2.11B	$2.61B	$2.19B	$2.24B	$2.59B	$2.91B
QoQ Change	—	+0.0%	+0.0%	+0.0%	+2.1%	+0.0%	+0.0%	+0.0%	-10.3%	+0.8%	-3.6%	+2.5%	+24.0%	-16.2%	+2.5%	+15.3%	+12.6%
YoY Change	—	—	—	—	+2.1%	+2.1%	+2.1%	+2.1%	-10.3%	-9.7%	-12.9%	-10.7%	+23.4%	+2.7%	+9.1%	+22.8%	+11.5%

Range$2.06B – $2.91B

CAGR+5.9%

Avg YoY Growth+2.6%

Median YoY Growth+2.1%

Current Streak3 quarters growth

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Frequently Asked Questions

What is Caterpillar's resource industries — cost of goods sold?: Caterpillar (CAT) reported resource industries — cost of goods sold of $2.91B in Q1 2026.
How has Caterpillar's resource industries — cost of goods sold changed year-over-year?: Caterpillar's resource industries — cost of goods sold increased by 11.5% year-over-year, from $2.61B to $2.91B.
What is the long-term trend for Caterpillar's resource industries — cost of goods sold?: Over 3 years (2022 to 2025), Caterpillar's resource industries — cost of goods sold has grown at a 1.4% compound annual growth rate (CAGR), from $9.25B to $9.63B.
What does resource industries — cost of goods sold mean?: The direct costs incurred to produce and deliver the equipment and parts sold by the segment.