What is Caterpillar's PP&E (net)?

Caterpillar (CAT) reported PP&E (net) of $15.25B in Q1 2026.

How has Caterpillar's PP&E (net) changed year-over-year?

Caterpillar's PP&E (net) increased by 13.5% year-over-year, from $13.43B to $15.25B.

What is the long-term trend for Caterpillar's PP&E (net)?

Over 5 years (2020 to 2025), Caterpillar's PP&E (net) has grown at a 4.1% compound annual growth rate (CAGR), from $12.4B to $15.14B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Caterpillar CAT PP&E (Net)

PP&E (Net) at other companies

CumminsCMI

$6.92B+8.1%

Gencor IndustriesGENC

$11.15M+4.0%

Wells Fargo & CompanyWFC

$11.63B+8.0%

TerexTEX

$935M+29.9%

Twin DiscTWIN

$70.02M+10.0%

Foster (Lb) Co.FSTR

$77.35M+2.0%

Other financials

Income statement

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Revenue$17.4B+22.2%

Gross profit$6.1B+15.6%

Operating income$3.1B+19.6%

Net income$2.5B+27.2%

EPS (diluted)$5.47+30.2%

Balance sheet

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Cash & equivalents$4.1B+14.3%

Total debt$36.9B+14.2%

Total equity$21.3B+9.4%

Total assets$95.6B+12.4%

Cash flow

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Operating cash flow$1.9B+45.1%

CapEx$728.0M+2.5%

Free cash flow$1.1B+97.2%

Valuation

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Market cap$409.34B+101%

P/E43.4×+21.8×

P/S5.8×+2.6×

Profitability

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Gross margin96.6%-4.4pp

Operating margin16.5%-2.7pp

Net margin13.3%-2.4pp

FCF margin13.4%-0.9pp

Returns & leverage

See full

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:PropertyPlantAndEquipmentNet.

The official record: Caterpillar’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Caterpillar's PP&E (net)?: Caterpillar (CAT) reported PP&E (net) of $15.25B in Q1 2026.
How has Caterpillar's PP&E (net) changed year-over-year?: Caterpillar's PP&E (net) increased by 13.5% year-over-year, from $13.43B to $15.25B.
What is the long-term trend for Caterpillar's PP&E (net)?: Over 5 years (2020 to 2025), Caterpillar's PP&E (net) has grown at a 4.1% compound annual growth rate (CAGR), from $12.4B to $15.14B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.