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Caterpillar CAT Percentage of Inventory on LIFO Basis

Percentage of Inventory on LIFO Basis at other companies

Koppers Holdings logo
Koppers HoldingsKOP
51%-6.0pp
Carrier Global logo
Carrier GlobalCARR
36%-3.0pp
Ametek logo
AmetekAME
11%+1.0pp
Atkore logo
AtkoreATKR
81%0.0pp
Caterpillar logo
CaterpillarCAT
70%+5.0pp
Chemours logo
ChemoursCC
50%+2.0pp

Other financials

Income statement

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Revenue$20.5B+24.0%
Gross profit$7.8B+34.7%
Operating income$4.3B+50.2%
Net income$3.6B+64.9%
EPS (diluted)$7.77+68.2%

Balance sheet

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Cash & equivalents$6.7B+23.4%
Total debt$36.9B+14.2%
Total equity$21.3B+9.4%
Total assets$102.61B+13.6%

Cash flow

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Operating cash flow$4.4B+40.0%
CapEx$587.0M+5.8%
Free cash flow$3.8B+47.4%

Valuation

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Market cap$375.29B+87.4%
P/E34.6×+13.4×
P/S+1.8×

Profitability

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Gross margin94.2%-5.9pp
Operating margin17.5%-0.7pp
Net margin14.5%-0.4pp
FCF margin14.3%+0.1pp

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:PercentageOfLIFOInventory.

The source filing: Caterpillar’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 10:18 AM EST
Fiscal year
FY2025
Accession
0000018230-26-000008

We state inventories at the lower of cost or net realizable value. We principally determine cost using the last-in, first-out (LIFO) method. The value of inventories on the LIFO basis represented about 70 percent and 65 percent of total inventories at December 31, 2025 and 2024, respectively.

Item 8.Financial Statements and Supplementary Data.

FAQ

What is Caterpillar's percentage of inventory on LIFO basis?
Caterpillar (CAT) reported percentage of inventory on LIFO basis of 70% in Q4 2025.
How has Caterpillar's percentage of inventory on LIFO basis changed year-over-year?
Caterpillar's percentage of inventory on LIFO basis increased by 7.7% year-over-year, from 65% to 70%.
What is the long-term trend for Caterpillar's percentage of inventory on LIFO basis?
Over 5 years (2020 to 2025), Caterpillar's percentage of inventory on LIFO basis has grown at a 3.1% compound annual growth rate (CAGR), from 60% to 70%.
What does percentage of inventory on LIFO basis mean?
This metric identifies the proportion of total inventory that is valued using the Last-In, First-Out (LIFO) accounting method. LIFO is often used to manage tax liabilities during periods of inflation by matching current costs against current revenues. It provides insight into the company's inventory valuation strategy and its sensitivity to inflationary pressures.

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