What is Caterpillar's deferred tax liabilities?

Caterpillar (CAT) reported deferred tax liabilities of $1.8B in Q4 2025.

How has Caterpillar's deferred tax liabilities changed year-over-year?

Caterpillar's deferred tax liabilities increased by 4.1% year-over-year, from $1.72B to $1.8B.

What is the long-term trend for Caterpillar's deferred tax liabilities?

Over 5 years (2020 to 2025), Caterpillar's deferred tax liabilities has grown at a -3.7% compound annual growth rate (CAGR), from $2.17B to $1.8B.

What does deferred tax liabilities mean?

Future income tax payments resulting from timing differences between financial reporting and tax reporting.

Non-Current Liabilities

Deferred Tax Liabilities

Caterpillar Deferred Tax Liabilities increased by 4.1% to $1.8B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.1%, from $1.72B to $1.8B. Over 5 years (FY 2020 to FY 2025), Deferred Tax Liabilities shows a downward trend with a -3.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Liabilities

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2014

Last reportedQ4 2025Feb 13, 2026

How to read this metric

An increase suggests higher future tax payments, while a decrease indicates the reversal of temporary differences or changes in tax laws.

Detailed definition

This represents the amount of income taxes payable in future periods as a result of taxable temporary differences betwee...

Peer comparison

Common across all capital-intensive industrial manufacturers with significant PP&E investments.

Metric ID: deferred_tax_liabilities

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$2.2B	$2.12B	$1.98B	$1.72B	$1.8B
QoQ Change	—	-3.6%	-6.4%	-12.9%	+4.1%
YoY Change	—	-3.6%	-6.4%	-12.9%	+4.1%

Range$1.72B – $2.2B

CAGR-18.2%

Avg YoY Growth-4.7%

Median YoY Growth-5.0%

Deferred Tax Liabilities at Other Companies

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Frequently Asked Questions

What is Caterpillar's deferred tax liabilities?: Caterpillar (CAT) reported deferred tax liabilities of $1.8B in Q4 2025.
How has Caterpillar's deferred tax liabilities changed year-over-year?: Caterpillar's deferred tax liabilities increased by 4.1% year-over-year, from $1.72B to $1.8B.
What is the long-term trend for Caterpillar's deferred tax liabilities?: Over 5 years (2020 to 2025), Caterpillar's deferred tax liabilities has grown at a -3.7% compound annual growth rate (CAGR), from $2.17B to $1.8B.
What does deferred tax liabilities mean?: Future income tax payments resulting from timing differences between financial reporting and tax reporting.