Other
Depreciation
Caterpillar Depreciation remained flat by 0.0% to $523.25M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $495.75M to $523.25M. Over 4 years (FY 2021 to FY 2025), Depreciation shows relatively stable performance with a 0.5% CAGR.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025Feb 13, 2026
How to read this metric
High depreciation relative to revenue may indicate a capital-intensive business model or significant recent investment in infrastructure.
Detailed definition
The systematic allocation of the cost of tangible assets over their useful lives. This non-cash expense reflects the wea...
Peer comparison
Standard accounting metric across all capital-intensive industries.
Metric ID:
other_depreciationHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $2.05B | $1.94B | $1.93B | $1.98B | $2.09B |
| YoY Change | — | -5.5% | -0.4% | +2.8% | +5.5% |
Range$1.93B – $2.09B
CAGR+0.5%
Avg YoY Growth+0.6%
Median YoY Growth+1.2%
Current Streak2 years growth
Depreciation at Other Companies
Frequently Asked Questions
- What is Caterpillar's depreciation?
- Caterpillar (CAT) reported depreciation of $523.25M in Q4 2025.
- How has Caterpillar's depreciation changed year-over-year?
- Caterpillar's depreciation increased by 5.5% year-over-year, from $495.75M to $523.25M.
- What is the long-term trend for Caterpillar's depreciation?
- Over 4 years (2021 to 2025), Caterpillar's depreciation has grown at a 0.5% compound annual growth rate (CAGR), from $2.05B to $2.09B.
- What does depreciation mean?
- The annual expense representing the aging and usage of physical assets.