What is Caterpillar's long-term debt?

Caterpillar (CAT) reported long-term debt of $30.7B in Q4 2025.

How has Caterpillar's long-term debt changed year-over-year?

Caterpillar's long-term debt increased by 12.2% year-over-year, from $27.35B to $30.7B.

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

Over 5 years (2020 to 2025), Caterpillar's long-term debt has grown at a 3.4% compound annual growth rate (CAGR), from $26B to $30.7B.

What does long-term debt mean?

Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

Caterpillar CAT Long-Term Debt

Discontinued — last reported Q4 '25

Long-Term Debt at other companies

Wells Fargo & CompanyWFC

$182.14B+3.3%

TerexTEX

$2.75B+6.5%

Twin DiscTWIN

$42.07M+11.4%

Deere & CompanyDE

$42.26B-1.3%

Foster (Lb) Co.FSTR

$59.68M-27.7%

CumminsCMI

——

Segments

By product

See full

Financial Products$7.66B-17.5%

Financial Products Segment$219M—

Sales of Machinery, Power & Energy$35M—

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

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

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Market cap$409.34B+101%

P/E43.4×+21.8×

P/S5.8×+2.6×

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:LongTermDebtNoncurrent.

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 long-term debt?: Caterpillar (CAT) reported long-term debt of $30.7B in Q4 2025.
How has Caterpillar's long-term debt changed year-over-year?: Caterpillar's long-term debt increased by 12.2% year-over-year, from $27.35B to $30.7B.
What is the long-term trend for Caterpillar's long-term debt?: Over 5 years (2020 to 2025), Caterpillar's long-term debt has grown at a 3.4% compound annual growth rate (CAGR), from $26B to $30.7B.
What does long-term debt mean?: Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.