Quick Answer
CATERPILLAR INC reported R&D Expense of $2.15 billion for fiscal year 2025.
CATERPILLAR INC R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $2.15B | +1.9% |
| 2024 | $2.11B | -0.0% |
| 2023 | $2.11B | +16.2% |
| 2022 | $1.81B | +7.6% |
| 2021 | $1.69B | +19.2% |
| 2020 | $1.42B | -16.4% |
| 2019 | $1.69B | -8.5% |
| 2018 | $1.85B | +0.4% |
| 2017 | $1.84B | -0.6% |
| 2016 | $1.85B | -12.6% |
| 2015 | $2.12B | -11.0% |
| 2014 | $2.38B | +16.3% |
| 2013 | $2.05B | -17.0% |
| 2012 | $2.47B | +7.4% |
| 2011 | $2.30B | +20.6% |
| 2010 | $1.91B | +34.1% |
| 2009 | $1.42B | -17.8% |
| 2008 | $1.73B | +23.1% |
| 2007 | $1.40B | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $555.00M | +4.1% | +0.7% |
| June 30, 2025 | $551.00M | +3.0% | +14.8% |
| March 31, 2025 | $480.00M | -7.7% | -9.9% |
| September 30, 2024 | $533.00M | -3.8% | -0.4% |
| June 30, 2024 | $535.00M | +1.3% | +2.9% |
| March 31, 2024 | $520.00M | +10.2% | -6.1% |
| September 30, 2023 | $554.00M | +16.4% | +4.9% |
| June 30, 2023 | $528.00M | +10.0% | +11.9% |
- CATERPILLAR INC showed an increase of +1.9% in R&D Expense compared to the prior fiscal year.
- Over the 2007–2025 period, CATERPILLAR INC’s r&d expense has grown by 53.0% (from $1.40 billion to $2.15 billion).
- The most recent figure is from CATERPILLAR INC’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 13, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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