What is Caterpillar's change in inventories?

Caterpillar (CAT) reported change in inventories of $1.5B in Q1 2026.

How has Caterpillar's change in inventories changed year-over-year?

Caterpillar's change in inventories increased by 51.6% year-over-year, from $990M to $1.5B.

What is the long-term trend for Caterpillar's change in inventories?

Over 4 years (2021 to 2025), Caterpillar's change in inventories has grown at a -2.0% compound annual growth rate (CAGR), from $2.59B to $2.38B.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Caterpillar CAT Change in Inventories

Change in Inventories at other companies

CumminsCMI

$333M+0.6%

Gencor IndustriesGENC

-$2.18M+52.4%

TerexTEX

$29M-32.6%

Twin DiscTWIN

$2.43M+262%

Deere & CompanyDE

$746M-6.2%

Foster (Lb) Co.FSTR

$8.39M-24.3%

Other financials

Income statement

See full

Revenue$17.4B+22.2%

Gross profit$6.1B+15.6%

Operating income$3.1B+19.6%

Net income$2.5B+27.2%

EPS (diluted)$5.47+30.2%

Balance sheet

See full

Cash & equivalents$4.1B+14.3%

Total debt$36.9B+14.2%

Total equity$21.3B+9.4%

Total assets$95.6B+12.4%

Cash flow

See full

Operating cash flow$1.9B+45.1%

CapEx$728.0M+2.5%

Free cash flow$1.1B+97.2%

Valuation

See full

Market cap$490.48B+147%

P/E52×+31.0×

P/S6.9×+3.8×

Profitability

See full

Gross margin96.6%-4.4pp

Operating margin16.5%-2.7pp

Net margin13.3%-2.4pp

FCF margin13.4%-0.9pp

Returns & leverage

See full

Return on equity43.5%-11.8pp

Debt / equity1.7×+0.1×

Current ratio1.4×0.0×

Where this comes from

Reported directly by Caterpillar in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInInventories.

The official record: Caterpillar’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

Ask your AI about Caterpillar's change in inventories.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Caterpillar's change in inventories?: Caterpillar (CAT) reported change in inventories of $1.5B in Q1 2026.
How has Caterpillar's change in inventories changed year-over-year?: Caterpillar's change in inventories increased by 51.6% year-over-year, from $990M to $1.5B.
What is the long-term trend for Caterpillar's change in inventories?: Over 4 years (2021 to 2025), Caterpillar's change in inventories has grown at a -2.0% compound annual growth rate (CAGR), from $2.59B to $2.38B.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.