What is Caterpillar's property, plant and equipment at cost?

Caterpillar (CAT) reported property, plant and equipment at cost of $31.91B in Q4 2025.

How has Caterpillar's property, plant and equipment at cost changed year-over-year?

Caterpillar's property, plant and equipment at cost increased by 8.2% year-over-year, from $29.48B to $31.91B.

What is the long-term trend for Caterpillar's property, plant and equipment at cost?

Over 5 years (2020 to 2025), Caterpillar's property, plant and equipment at cost has grown at a 1.7% compound annual growth rate (CAGR), from $29.27B to $31.91B.

What does property, plant and equipment at cost mean?

The total original cost of all physical assets owned by the company before subtracting depreciation.

Non-Current Assets

Property, plant and equipment at cost

Caterpillar Property, plant and equipment at cost increased by 8.2% to $31.91B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.2%, from $29.48B to $31.91B. Over 5 years (FY 2020 to FY 2025), Property, plant and equipment at cost shows relatively stable performance with a 1.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalHigher is better

VolatilityStable

First reportedQ4 2014

Last reportedQ4 2025Feb 13, 2026

How to read this metric

An increase reflects ongoing capital investment and expansion of the asset base, while a decrease suggests asset divestitures or retirements.

Detailed definition

This represents the total historical cost of all tangible long-lived assets, including land, buildings, machinery, and u...

Peer comparison

Large-scale utilities typically show high gross PPE values due to the capital-intensive nature of power generation and distribution.

Metric ID: non_current_assets_property_plant_and_equipment_gross

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$28.87B	$28.06B	$28.62B	$29.48B	$31.91B
QoQ Change	—	-2.8%	+2.0%	+3.0%	+8.2%
YoY Change	—	-2.8%	+2.0%	+3.0%	+8.2%

Range$28.06B – $31.91B

CAGR+10.5%

Avg YoY Growth+2.6%

Median YoY Growth+2.5%

Current Streak3 quarters growth

Property, plant and equipment at cost at Other Companies

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Frequently Asked Questions

What is Caterpillar's property, plant and equipment at cost?: Caterpillar (CAT) reported property, plant and equipment at cost of $31.91B in Q4 2025.
How has Caterpillar's property, plant and equipment at cost changed year-over-year?: Caterpillar's property, plant and equipment at cost increased by 8.2% year-over-year, from $29.48B to $31.91B.
What is the long-term trend for Caterpillar's property, plant and equipment at cost?: Over 5 years (2020 to 2025), Caterpillar's property, plant and equipment at cost has grown at a 1.7% compound annual growth rate (CAGR), from $29.27B to $31.91B.
What does property, plant and equipment at cost mean?: The total original cost of all physical assets owned by the company before subtracting depreciation.