Operating
D&A
Caterpillar D&A increased by 4.9% to $598.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.7%, from $555.00M to $598.00M. Over 4 years (FY 2021 to FY 2025), D&A shows relatively stable performance with a -1.0% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Higher levels typically reflect significant historical capital expenditures or acquisitions that are now being expensed over time.
Detailed definition
This metric represents the non-cash accounting charges used to allocate the cost of tangible assets and intangible asset...
Peer comparison
Capital-intensive hardware manufacturers generally show higher D&A relative to revenue than pure-play software companies.
Metric ID:
cf_depreciation_and_amortizationHistorical Data
19 periods
| 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 | $587.00M | $593.00M | $586.00M | $557.00M | $553.00M | $551.00M | $558.00M | $532.00M | $542.00M | $525.00M | $545.00M | $524.00M | $531.00M | $543.00M | $555.00M | $540.00M | $554.00M | $570.00M | $598.00M |
| QoQ Change | — | +1.0% | -1.2% | -4.9% | -0.7% | -0.4% | +1.3% | -4.7% | +1.9% | -3.1% | +3.8% | -3.9% | +1.3% | +2.3% | +2.2% | -2.7% | +2.6% | +2.9% | +4.9% |
| YoY Change | — | — | — | — | -5.8% | -7.1% | -4.8% | -4.5% | -2.0% | -4.7% | -2.3% | -1.5% | -2.0% | +3.4% | +1.8% | +3.1% | +4.3% | +5.0% | +7.7% |
Range$524.00M – $598.00M
CAGR+0.4%
Avg YoY Growth-0.6%
Median YoY Growth-2.0%
Current Streak3 quarters growth
Business Segments
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D&A at Other Companies
Frequently Asked Questions
- What is Caterpillar's d&a?
- Caterpillar (CAT) reported d&a of $598.00M in Q4 2025.
- How has Caterpillar's d&a changed year-over-year?
- Caterpillar's d&a increased by 7.7% year-over-year, from $555.00M to $598.00M.
- What is the long-term trend for Caterpillar's d&a?
- Over 4 years (2021 to 2025), Caterpillar's d&a has grown at a -1.0% compound annual growth rate (CAGR), from $2.35B to $2.26B.
- What does d&a mean?
- The accounting process of spreading the cost of physical and intangible assets over time.