What is Caterpillar's derivative assets?

Caterpillar (CAT) reported derivative assets of $336M in Q4 2025.

What is the long-term trend for Caterpillar's derivative assets?

Over 3 years (2020 to 2025), Caterpillar's derivative assets has grown at a 6.1% compound annual growth rate (CAGR), from $281M to $336M.

What does derivative assets mean?

Fair value of derivative contracts (swaps, options, forwards, futures) in a net gain position — represents amounts owed to the firm by counterparties.

Caterpillar CAT Derivative assets

Derivative assets at other companies

Wells Fargo & CompanyWFC

$22.33B+20.6%

CNH Industrial N.V.CNH

$162M+3.8%

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

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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

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Operating cash flow$1.9B+45.1%

CapEx$728.0M+2.5%

Free cash flow$1.1B+97.2%

Valuation

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Market cap$409.34B+101%

P/E43.4×+21.8×

P/S5.8×+2.6×

Profitability

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Gross margin96.6%-4.4pp

Operating margin16.5%-2.7pp

Net margin13.3%-2.4pp

FCF margin13.4%-0.9pp

Returns & leverage

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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:DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral.

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 derivative assets?: Caterpillar (CAT) reported derivative assets of $336M in Q4 2025.
What is the long-term trend for Caterpillar's derivative assets?: Over 3 years (2020 to 2025), Caterpillar's derivative assets has grown at a 6.1% compound annual growth rate (CAGR), from $281M to $336M.
What does derivative assets mean?: Fair value of derivative contracts (swaps, options, forwards, futures) in a net gain position — represents amounts owed to the firm by counterparties.