Caterpillar Inc. (CAT) quarterly balance sheet — complete assets, liabilities & equity history
Caterpillar Inc. (CAT) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 54.45B | 48.57B | 52.48B | 49.82B | 46.76B | 43.02B | 45.68B | 44.95B | 43.1B | 43.66B | 46.95B | 48.01B | 47B | 45.66B | 43.78B | 42.58B | 41.98B | 42.57B | 43.45B | 41.89B |
| Cash & Short-Term Investments | 6.71B | 4.07B | 9.98B | 7.54B | 5.44B | 3.56B | 6.89B | 5.64B | 4.34B | 4.96B | 6.98B | 6.54B | 7.39B | 6.79B | 7B | 6.35B | 6.01B | 6.53B | 9.25B | 9.45B |
| Cash Only | 6.71B | 4.07B | 9.98B | 7.54B | 5.44B | 3.56B | 6.89B | 5.64B | 4.34B | 4.96B | 6.98B | 6.54B | 7.39B | 6.79B | 7B | 6.35B | 6.01B | 6.53B | 9.25B | 9.45B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 24.03B | 21.89B | 21.57B | 20.46B | 20.08B | 19.02B | 18.85B | 18.9B | 18.94B | 18.74B | 18.82B | 18.74B | 18.7B | 18.35B | 17.87B | 17.08B | 17.32B | 18.14B | 17.38B | 16.57B |
| Days Sales Outstanding | 101.71 | 112.3 | 101.05 | 105.73 | 107.36 | 119.58 | 107.09 | 108.07 | 102.73 | 108.18 | 101.22 | 102.47 | 97.35 | 102.75 | 96.85 | 105.51 | 113.22 | 117.6 | 113.15 | 125.27 |
| Inventory | 20.63B | 19.63B | 18.14B | 18.96B | 18.59B | 17.86B | 16.83B | 17.31B | 17.08B | 16.95B | 16.57B | 17.58B | 17.75B | 17.63B | 16.27B | 16.86B | 15.88B | 15.04B | 14.04B | 13.67B |
| Days Inventory Outstanding | 143.3 | 150.3 | 124.93 | 147.99 | 149.33 | 168.01 | 147.33 | 152.1 | 147.99 | 153.12 | 138.95 | 149.59 | 142.33 | 147.83 | 129.13 | 145.47 | 139.36 | 135.38 | 126.1 | 138.81 |
| Other Current Assets | 0 | 2.98B | 2.8B | 0 | 2.64B | 2.58B | 3.12B | 3.09B | 2.74B | 3.01B | 4.59B | 5.14B | 3.16B | 2.89B | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 48.16B | 46.98B | 46.1B | 43.9B | 43.57B | 41.95B | 42.08B | 41.33B | 40.24B | 40.08B | 40.53B | 38.79B | 38.43B | 37.99B | 38.16B | 38.33B | 39.13B | 39.71B | 39.34B | 38.89B |
| Property, Plant & Equipment | 15.63B | 15.25B | 15.14B | 14.31B | 13.9B | 13.43B | 13.36B | 12.84B | 12.58B | 12.54B | 12.68B | 12.29B | 12.12B | 11.97B | 12.03B | 11.64B | 11.74B | 11.93B | 12.09B | 11.9B |
| Fixed Asset Turnover | 1.33x | 1.15x | 1.30x | 1.25x | 1.21x | 1.06x | 1.24x | 1.27x | 1.33x | 1.25x | 1.37x | 1.38x | 1.44x | 1.32x | 1.40x | 1.28x | 1.20x | 1.13x | 1.15x | 1.04x |
| Goodwill | 5.86B | 5.87B | 5.32B | 5.33B | 5.33B | 5.27B | 5.24B | 5.32B | 5.26B | 5.28B | 5.31B | 5.27B | 5.29B | 5.31B | 5.29B | 6.09B | 6.2B | 6.29B | 6.32B | 6.35B |
| Intangible Assets | 420M | 419M | 241M | 281M | 321M | 361M | 399M | 448M | 488M | 516M | 564M | 604M | 630M | 694M | 758M | 806M | 889M | 967M | 1.04B | 1.12B |
| Long-Term Investments | 0 | 16.83B | 16.41B | 15.6B | 18.83B | 18.03B | 18.58B | 18.43B | 17.63B | 17.42B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 23.97B | 6.2B | 6.1B | 5.38B | 1.77B | 1.53B | 1.19B | 1.24B | 1.36B | 1.46B | 19.16B | 17.91B | 17.77B | 17.61B | 17.87B | 17.57B | 18.18B | 18.54B | 18.04B | 17.77B |
| Total Assets | 102.61B | 95.55B | 98.58B | 93.72B | 90.33B | 84.97B | 87.76B | 86.27B | 83.34B | 83.74B | 87.48B | 86.79B | 85.43B | 83.65B | 81.94B | 80.91B | 81.11B | 82.28B | 82.79B | 80.78B |
| Asset Turnover | 0.21x | 0.18x | 0.20x | 0.19x | 0.19x | 0.16x | 0.19x | 0.19x | 0.20x | 0.18x | 0.20x | 0.20x | 0.20x | 0.19x | 0.20x | 0.19x | 0.17x | 0.16x | 0.17x | 0.15x |
| Asset Growth % | 13.6% | 12.45% | 12.33% | 8.63% | 8.39% | 1.47% | 0.33% | -0.6% | -2.45% | 0.11% | 6.75% | 7.27% | 5.33% | 1.67% | -1.03% | 0.15% | -0.72% | 1.92% | 5.71% | 5.27% |
| Total Current Liabilities | 39.79B | 35.9B | 36.56B | 35.99B | 34.93B | 32.59B | 32.27B | 32.22B | 33.56B | 32.37B | 34.73B | 33.12B | 35.31B | 31.84B | 31.53B | 30.2B | 28.96B | 29.53B | 29.85B | 25.98B |
| Accounts Payable | 10.31B | 9.64B | 8.97B | 8.73B | 8.56B | 7.79B | 7.67B | 7.71B | 7.58B | 7.78B | 7.91B | 7.83B | 8.44B | 8.95B | 8.69B | 8.26B | 8.09B | 8.36B | 8.15B | 7.22B |
| Days Payables Outstanding | 71.04 | 74.07 | 59.6 | 68.14 | 66.99 | 74.91 | 66.37 | 67.57 | 66.76 | 71.65 | 64.02 | 68.9 | 69.98 | 76.92 | 66.06 | 72.65 | 74.16 | 76.89 | 69.97 | 74.52 |
| Short-Term Debt | 13.11B | 12.42B | 12.63B | 13.8B | 12.8B | 12.77B | 11.06B | 12.12B | 13.47B | 13.02B | 13.41B | 12.88B | 14.71B | 12.16B | 11.28B | 11.02B | 10.74B | 12.31B | 11.76B | 9.63B |
| Deferred Revenue (Current) | 4.78B | 4.38B | 3.31B | 3.39B | 3.41B | 2.95B | 2.32B | 2.4B | 2.32B | 2.19B | 1.93B | 2.33B | 2.14B | 2.2B | 1.86B | 1.83B | 1.61B | 1.39B | 1.09B | 1.16B |
| Other Current Liabilities | 3.62B | 2.57B | 2.8B | 2.76B | 2.63B | 2.83B | 2.91B | 2.93B | 2.88B | 3.27B | 3.12B | 3.12B | 3.11B | 3.04B | 2.69B | 2.88B | 2.33B | 2.35B | 2.26B | 2.32B |
| Current Ratio | 1.37x | 1.35x | 1.44x | 1.38x | 1.34x | 1.32x | 1.42x | 1.40x | 1.28x | 1.35x | 1.35x | 1.45x | 1.33x | 1.43x | 1.39x | 1.41x | 1.45x | 1.44x | 1.46x | 1.61x |
| Quick Ratio | 0.85x | 0.81x | 0.94x | 0.86x | 0.81x | 0.77x | 0.89x | 0.86x | 0.78x | 0.83x | 0.87x | 0.92x | 0.83x | 0.88x | 0.87x | 0.85x | 0.90x | 0.93x | 0.99x | 1.09x |
| Cash Conversion Cycle | 173.97 | 188.53 | 166.38 | 185.57 | 189.7 | 212.68 | 188.05 | 192.6 | 183.96 | 189.65 | 176.15 | 183.16 | 169.7 | 173.66 | 159.92 | 178.33 | 178.43 | 176.09 | 169.29 | 189.56 |
| Total Non-Current Liabilities | 43.42B | 40.99B | 40.71B | 37.07B | 36.73B | 34.31B | 36B | 34.65B | 32.64B | 33.73B | 33.24B | 33.16B | 31.86B | 33.64B | 34.52B | 35.08B | 36.38B | 35.65B | 36.43B | 38.11B |
| Long-Term Debt | 32.04B | 30.64B | 30.7B | 27.74B | 27.95B | 25.82B | 27.45B | 25.78B | 23.84B | 24.83B | 24.53B | 24.26B | 22.98B | 24.87B | 25.83B | 25.51B | 26.22B | 25.28B | 25.95B | 27.15B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | -103M | 0 | 0 | 0 | -61M | 0 | 0 | 0 | -112M | 0 | 0 | 0 | 79M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 11.39B | 10.35B | 10.01B | 9.34B | 8.78B | 8.49B | 8.65B | 8.87B | 8.8B | 8.89B | 8.77B | 8.9B | 8.87B | 8.76B | 8.81B | 9.57B | 10.17B | 10.37B | 10.4B | 10.96B |
| Total Liabilities | 83.22B | 76.89B | 77.27B | 73.06B | 71.66B | 66.9B | 68.27B | 66.87B | 66.2B | 66.1B | 67.97B | 66.28B | 67.17B | 65.48B | 66.05B | 65.28B | 65.35B | 65.18B | 66.28B | 64.09B |
| Total Debt | 45.15B | 43.07B | 43.33B | 41.53B | 40.75B | 38.59B | 38.41B | 37.9B | 37.31B | 37.85B | 37.88B | 37.14B | 37.7B | 37.04B | 36.99B | 36.52B | 36.96B | 37.58B | 37.79B | 36.78B |
| Net Debt | 38.43B | 38.99B | 33.35B | 34B | 35.31B | 35.03B | 31.52B | 32.26B | 32.97B | 32.89B | 30.9B | 30.59B | 30.31B | 30.25B | 29.99B | 30.18B | 30.95B | 31.06B | 28.54B | 27.34B |
| Debt / Equity | 2.33x | 2.31x | 2.03x | 2.01x | 2.18x | 2.14x | 1.97x | 1.95x | 2.18x | 2.15x | 1.94x | 1.81x | 2.07x | 2.04x | 2.33x | 2.34x | 2.35x | 2.20x | 2.29x | 2.20x |
| Debt / EBITDA | 9.19x | 11.70x | 13.30x | 11.47x | 11.73x | 12.37x | 11.04x | 10.27x | 9.30x | 9.36x | 10.30x | 9.35x | 8.99x | 11.35x | 16.53x | 12.27x | 14.80x | 15.58x | 17.20x | 16.30x |
| Net Debt / EBITDA | 7.83x | 10.60x | 10.24x | 9.39x | 10.17x | 11.23x | 9.06x | 8.74x | 8.22x | 8.14x | 8.40x | 7.70x | 7.23x | 9.27x | 13.40x | 10.14x | 12.39x | 12.88x | 12.99x | 12.11x |
| Interest Coverage | 34.76x | 24.96x | 7.33x | 10.06x | 27.34x | 27.13x | 31.31x | 34.66x | 32.19x | 30.12x | 26.79x | 33.43x | 35.32x | 24.03x | 18.94x | 24.47x | 20.41x | 19.34x | 24.09x | 16.57x |
| Total Equity | 19.39B | 18.66B | 21.32B | 20.66B | 18.66B | 18.07B | 19.49B | 19.4B | 17.14B | 17.64B | 19.5B | 20.51B | 18.26B | 18.17B | 15.89B | 15.62B | 15.76B | 17.1B | 16.52B | 16.7B |
| Equity Growth % | 3.92% | 3.26% | 9.36% | 6.47% | 8.91% | 2.41% | -0.05% | -5.38% | -6.13% | -2.89% | 22.73% | 31.27% | 15.84% | 6.28% | -3.78% | -6.43% | -6.64% | 2.89% | 7.4% | 11.34% |
| Book Value per Share | 41.93 | 40.06 | 45.45 | 43.88 | 39.58 | 37.87 | 40.05 | 39.87 | 35.01 | 35.51 | 38.47 | 40.01 | 35.45 | 34.98 | 30.51 | 29.61 | 29.51 | 31.76 | 30.44 | 30.49 |
| Total Shareholders' Equity | 19.39B | 18.66B | 21.32B | 20.66B | 18.66B | 18.07B | 19.49B | 19.4B | 17.13B | 17.64B | 19.49B | 20.49B | 18.23B | 18.15B | 15.87B | 15.59B | 15.73B | 17.07B | 16.48B | 16.66B |
| Common Stock | 5.65B | 5.85B | 7.18B | 6.22B | 6.14B | 6.04B | 6.94B | 5.58B | 5.52B | 5.66B | 6.4B | 6.7B | 6.48B | 6.55B | 6.56B | 6.52B | 6.46B | 6.28B | 6.4B | 6.35B |
| Retained Earnings | 70.14B | 68B | 65.45B | 64.46B | 62.16B | 61.36B | 59.35B | 57.92B | 55.45B | 54.11B | 51.25B | 49.89B | 47.09B | 45.46B | 43.51B | 43.3B | 41.26B | 40.82B | 39.28B | 38.36B |
| Treasury Stock | -54.53B | -53.31B | -49.54B | -48.3B | -47.96B | -47.13B | -44.33B | -42.39B | -41.61B | -40.04B | -36.34B | -33.87B | -33.39B | -32.11B | -31.75B | -30.88B | -29.5B | -28.33B | -27.64B | -26.61B |
| Accumulated OCI | -1.87B | -1.88B | -1.77B | -1.72B | -1.68B | -2.21B | -2.47B | -1.72B | -2.23B | -2.09B | -1.82B | -2.23B | -1.95B | -1.75B | -2.46B | -3.35B | -2.5B | -1.71B | -1.55B | -1.44B |
| Minority Interest | -1M | -1M | 0 | 1M | 2M | 3M | 3M | 6M | 6M | 6M | 9M | 18M | 21M | 21M | 22M | 31M | 32M | 32M | 32M | 30M |