Non-Current Assets
Net Operating Loss Carryforwards
Caterpillar Net Operating Loss Carryforwards decreased by 3.6% to $1.30B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 3.6%, from $1.35B to $1.30B. Over 5 years (FY 2020 to FY 2025), Net Operating Loss Carryforwards shows relatively stable performance with a -0.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalHigher is better
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025
How to read this metric
An increase indicates higher potential future tax savings, though it may also reflect past periods of financial difficulty.
Detailed definition
These are tax assets representing losses that can be applied against future taxable income to reduce tax liabilities. Th...
Peer comparison
Standard across all sectors; large banks often have these due to historical cyclical downturns.
Metric ID:
net_operating_loss_carryforwardsHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $1.38B | $1.35B | $1.39B | $1.35B | $1.30B |
| QoQ Change | — | -2.2% | +3.0% | -3.1% | -3.6% |
| YoY Change | — | -2.2% | +3.0% | -3.1% | -3.6% |
Range$1.30B – $1.39B
CAGR-5.9%
Avg YoY Growth-1.5%
Median YoY Growth-2.7%
Current Streak2 quarters decline
Net Operating Loss Carryforwards at Other Companies
Frequently Asked Questions
- What is Caterpillar's net operating loss carryforwards?
- Caterpillar (CAT) reported net operating loss carryforwards of $1.30B in Q4 2025.
- How has Caterpillar's net operating loss carryforwards changed year-over-year?
- Caterpillar's net operating loss carryforwards decreased by 3.6% year-over-year, from $1.35B to $1.30B.
- What is the long-term trend for Caterpillar's net operating loss carryforwards?
- Over 5 years (2020 to 2025), Caterpillar's net operating loss carryforwards has grown at a -0.7% compound annual growth rate (CAGR), from $1.35B to $1.30B.
- What does net operating loss carryforwards mean?
- Past losses that can be used to lower future tax bills.