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Caterpillar CAT Amortization of capitalized software and acquired intangible assets

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Other financials

Income statement

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Revenue$20.5B+24.0%
Gross profit$7.8B+34.7%
Operating income$4.3B+50.2%
Net income$3.6B+64.9%
EPS (diluted)$7.77+68.2%

Balance sheet

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Cash & equivalents$6.7B+23.4%
Total debt$36.9B+14.2%
Total equity$21.3B+9.4%
Total assets$102.61B+13.6%

Cash flow

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Operating cash flow$4.4B+40.0%
CapEx$587.0M+5.8%
Free cash flow$3.8B+47.4%

Valuation

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Market cap$385.01B+97.3%
P/E35.5×+14.8×
P/S5.2×+2.1×

Profitability

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Gross margin94.2%-5.9pp
Operating margin17.5%-0.7pp
Net margin14.5%-0.4pp
FCF margin14.3%+0.1pp

Returns & leverage

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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:AmortizationOfIntangibleAssets.

The source filing: Caterpillar’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 10:18 AM EST
Fiscal year
FY2025
Accession
0000018230-26-000008

Amortization expense related to intangible assets was $169 million, $176 million and $218 million for 2025, 2024 and 2023, respectively.

Item 8.Financial Statements and Supplementary Data.

FAQ

What is Caterpillar's amortization of capitalized software and acquired intangible assets?
Caterpillar (CAT) reported amortization of capitalized software and acquired intangible assets of $42.25M in Q4 2025.
How has Caterpillar's amortization of capitalized software and acquired intangible assets changed year-over-year?
Caterpillar's amortization of capitalized software and acquired intangible assets decreased by 4.0% year-over-year, from $44M to $42.25M.
What is the long-term trend for Caterpillar's amortization of capitalized software and acquired intangible assets?
Over 4 years (2021 to 2025), Caterpillar's amortization of capitalized software and acquired intangible assets has grown at a -13.5% compound annual growth rate (CAGR), from $302M to $169M.
What does amortization of capitalized software and acquired intangible assets mean?
Amortization of capitalized software and acquired intangible assets

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