Caterpillar R&D increased by 1.3% to $562.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.3%, from $519.00M to $562.00M. Over 4 years (FY 2021 to FY 2025), R&D shows an upward trend with a 6.2% CAGR.
High spending signals a focus on long-term innovation, though it reduces current-period net income.
Expenses related to the innovation, design, and improvement of products and services. In the technology sector, this rep...
Big Tech firms often reinvest a significant percentage of revenue into R&D to maintain market leadership.
is_research_and_development| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $446.00M | $427.00M | $439.00M | $457.00M | $480.00M | $476.00M | $401.00M | $472.00M | $528.00M | $554.00M | $554.00M | $520.00M | $535.00M | $533.00M | $519.00M | $480.00M | $551.00M | $555.00M | $562.00M |
| QoQ Change | — | -4.3% | +2.8% | +4.1% | +5.0% | -0.8% | -15.8% | +17.7% | +11.9% | +4.9% | +0.0% | -6.1% | +2.9% | -0.4% | -2.6% | -7.5% | +14.8% | +0.7% | +1.3% |
| YoY Change | — | — | — | — | +7.6% | +11.5% | -8.7% | +3.3% | +10.0% | +16.4% | +38.2% | +10.2% | +1.3% | -3.8% | -6.3% | -7.7% | +3.0% | +4.1% | +8.3% |
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