What is Caterpillar's operating lease liabilities?

Caterpillar (CAT) reported operating lease liabilities of $570.00M in Q4 2025.

How has Caterpillar's operating lease liabilities changed year-over-year?

Caterpillar's operating lease liabilities increased by 24.2% year-over-year, from $459.00M to $570.00M.

What is the long-term trend for Caterpillar's operating lease liabilities?

Over 5 years (2020 to 2025), Caterpillar's operating lease liabilities has grown at a 4.5% compound annual growth rate (CAGR), from $457.00M to $570.00M.

What does operating lease liabilities mean?

The amount of lease payments due after one year.

Non-Current Liabilities

Operating Lease Liabilities

Caterpillar Operating Lease Liabilities increased by 24.2% to $570.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 24.2%, from $459.00M to $570.00M. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows an upward trend with a 4.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Liabilities

CategoryLeverage

SignalContext dependent

VolatilityStable

First reportedQ4 2015

Last reportedQ4 2025Feb 13, 2026

How to read this metric

An increase reflects long-term expansion of the leased asset base, while a decrease indicates a reduction in long-term lease commitments.

Detailed definition

This represents the portion of operating lease obligations that are due beyond the next twelve months. It reflects the l...

Peer comparison

Standard long-term liability for companies with significant real estate or equipment footprints.

Metric ID: operating_lease_liabilities_non_current

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$484.00M	$428.00M	$427.00M	$459.00M	$570.00M
QoQ Change	—	-11.6%	-0.2%	+7.5%	+24.2%
YoY Change	—	-11.6%	-0.2%	+7.5%	+24.2%

Range$427.00M – $570.00M

CAGR+17.8%

Avg YoY Growth+5.0%

Median YoY Growth+3.6%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Caterpillar's operating lease liabilities?: Caterpillar (CAT) reported operating lease liabilities of $570.00M in Q4 2025.
How has Caterpillar's operating lease liabilities changed year-over-year?: Caterpillar's operating lease liabilities increased by 24.2% year-over-year, from $459.00M to $570.00M.
What is the long-term trend for Caterpillar's operating lease liabilities?: Over 5 years (2020 to 2025), Caterpillar's operating lease liabilities has grown at a 4.5% compound annual growth rate (CAGR), from $457.00M to $570.00M.
What does operating lease liabilities mean?: The amount of lease payments due after one year.