What is Caterpillar's current debt?

Caterpillar (CAT) reported current debt of $5.51B in Q4 2025.

How has Caterpillar's current debt changed year-over-year?

Caterpillar's current debt increased by 25.5% year-over-year, from $4.39B to $5.51B.

What is the long-term trend for Caterpillar's current debt?

Over 5 years (2020 to 2025), Caterpillar's current debt has grown at a 22.3% compound annual growth rate (CAGR), from $2.02B to $5.51B.

What does current debt mean?

The portion of long-term debt maturing within the next 12 months, requiring refinancing or repayment from operating cash flows.

Caterpillar CAT Current Debt

Current Debt at other companies

CumminsCMI

$451M+55.0%

Wells Fargo & CompanyWFC

$25.17B-86.6%

TerexTEX

$4M0.0%

Twin DiscTWIN

$3M0.0%

Deere & CompanyDE

$15.63B-2.0%

Foster (Lb) Co.FSTR

$145K-4.0%

Segments

By product

See full

Financial Products$4.73B+36.9%

Sales of Machinery, Power & Energy$35M—

Machinery, Power & Energy$0—

Other financials

Income statement

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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$409.34B+101%

P/E43.4×+21.8×

P/S5.8×+2.6×

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:ShortTermBorrowings.

The official record: Caterpillar’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Caterpillar's current debt?: Caterpillar (CAT) reported current debt of $5.51B in Q4 2025.
How has Caterpillar's current debt changed year-over-year?: Caterpillar's current debt increased by 25.5% year-over-year, from $4.39B to $5.51B.
What is the long-term trend for Caterpillar's current debt?: Over 5 years (2020 to 2025), Caterpillar's current debt has grown at a 22.3% compound annual growth rate (CAGR), from $2.02B to $5.51B.
What does current debt mean?: The portion of long-term debt maturing within the next 12 months, requiring refinancing or repayment from operating cash flows.