What is Caterpillar's interest expense?

Caterpillar (CAT) reported interest expense of $460.5M in Q4 2025.

How has Caterpillar's interest expense changed year-over-year?

Caterpillar's interest expense increased by 6.0% year-over-year, from $434.5M to $460.5M.

What is the long-term trend for Caterpillar's interest expense?

Over 4 years (2021 to 2025), Caterpillar's interest expense has grown at a 19.0% compound annual growth rate (CAGR), from $920M to $1.84B.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Caterpillar CAT Interest Expense

Interest Expense at other companies

CumminsCMI

$76M-1.3%

Wells Fargo & CompanyWFC

$10.35B+9.2%

TerexTEX

$47M+9.3%

Deere & CompanyDE

$712M-9.2%

Foster (Lb) Co.FSTR

-$851K+25.5%

Astec IndustriesASTE

$7.4M+270%

Segments

By product

See full

All other excluding Financial Products$134M+15.5%

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:InterestPaidNet.

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 interest expense?: Caterpillar (CAT) reported interest expense of $460.5M in Q4 2025.
How has Caterpillar's interest expense changed year-over-year?: Caterpillar's interest expense increased by 6.0% year-over-year, from $434.5M to $460.5M.
What is the long-term trend for Caterpillar's interest expense?: Over 4 years (2021 to 2025), Caterpillar's interest expense has grown at a 19.0% compound annual growth rate (CAGR), from $920M to $1.84B.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.