What is Caterpillar's D&A?

Caterpillar (CAT) reported D&A of $595M in Q1 2026.

How has Caterpillar's D&A changed year-over-year?

Caterpillar's D&A increased by 10.2% year-over-year, from $540M to $595M.

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.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Caterpillar CAT D&A

D&A at other companies

CumminsCMI

$282M+4.8%

Wells Fargo & CompanyWFC

$1.84B-1.2%

Twin DiscTWIN

$3.43M-6.4%

Deere & CompanyDE

$594M+7.0%

Foster (Lb) Co.FSTR

$2.28M-1.2%

Astec IndustriesASTE

$14.2M+122%

Segments

By segment

See full

Financial Products Segment$186M+4.5%

Power & Energy$146M—

Resource Industries$100M+3.1%

All Other Segment$68M+7.9%

Construction Industries$68M+7.9%

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$486.85B+187%

P/E51.6×+34.6×

P/S6.9×+4.2×

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:DepreciationDepletionAndAmortization.

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

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Questions, answered.

What is Caterpillar's D&A?: Caterpillar (CAT) reported D&A of $595M in Q1 2026.
How has Caterpillar's D&A changed year-over-year?: Caterpillar's D&A increased by 10.2% year-over-year, from $540M to $595M.
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?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.