Total Cost of Revenue

Cost of Revenue

Caterpillar Total Cost of Revenue increased by 8.0% to $11.67B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.0%, from $10.07B to $11.67B. Over 2 years (FY 2021 to FY 2023), Total Cost of Revenue shows an upward trend with a 9.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025

How to read this metric

An increase relative to revenue suggests declining efficiency or rising input costs, whereas a decrease suggests better operational scaling.

Detailed definition

The direct costs associated with producing and delivering the goods and services sold by the company. This typically inc...

Peer comparison

Cloud-heavy companies monitor this closely as a measure of data center and infrastructure efficiency.

Metric ID: is_total_cost_of_revenue

Historical Data

17 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25
Value$8.88B$8.62B$10.00B$9.56B$9.98B$10.20B$11.61B$10.10B$11.07B$10.58B$11.02B$9.66B$10.15B$10.07B$8.97B$10.81B$11.67B
QoQ Change-3.0%+16.1%-4.4%+4.4%+2.3%+13.8%-13.0%+9.5%-4.4%+4.1%-12.3%+5.1%-0.8%-10.9%+20.5%+8.0%
YoY Change+12.3%+18.4%+16.1%+5.7%+10.9%+3.7%-5.1%-4.4%-8.3%-4.9%-7.2%+6.5%+16.0%
Range$8.62B$11.67B
CAGR+7.1%
Avg YoY Growth+4.6%
Median YoY Growth+5.7%
Current Streak2 quarters growth

Business Segments

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Frequently Asked Questions

What is Caterpillar's total cost of revenue?
Caterpillar (CAT) reported total cost of revenue of $11.67B in Q3 2025.
How has Caterpillar's total cost of revenue changed year-over-year?
Caterpillar's total cost of revenue increased by 16.0% year-over-year, from $10.07B to $11.67B.
What is the long-term trend for Caterpillar's total cost of revenue?
Over 2 years (2021 to 2023), Caterpillar's total cost of revenue has grown at a 9.7% compound annual growth rate (CAGR), from $35.51B to $42.77B.
What does total cost of revenue mean?
The direct expenses a company pays to create and deliver what it sells.

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