Caterpillar Inc. (CAT) balance sheet

NYSE · Industrials · Agricultural - Machinery · 118,000 employees · CEO Joseph E. Creed

Price: $622.75 -3.81%
Market cap: $286B
Enterprise value: $324B
Last report: Q3 '26 filed 2026-10-29
Next report: 2027-02-04 EPS est. $6.67

At the end of Q3 '26 Caterpillar Inc. (CAT) held $7.93B in cash and short-term investments against $45.2B of debt incl. leases. Total assets $107B, total liabilities $85.4B, shareholders' equity $21.5B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$6.98B	$4.96B	$4.34B	$5.64B	$6.89B	$3.56B	$5.44B	$7.54B	$9.98B	$4.07B	$6.71B	$7.93B
Receivables	$18.8B	$18.7B	$18.9B	$18.9B	$18.8B	$19B	$20.1B	$20.5B	$21.6B	$21.9B	$24B	$24.5B
Inventory	$16.6B	$17B	$17.1B	$17.3B	$16.8B	$17.9B	$18.6B	$19B	$18.1B	$19.6B	$20.6B	$22.2B
Other current assets	$4.59B	$3.01B	$2.74B	$3.09B	$3.12B	$2.58B	$2.64B	$0	$2.8B	$2.98B	$0	$0
Current assets	$46.9B	$43.7B	$43.1B	$44.9B	$45.7B	$43B	$46.8B	$49.8B	$52.5B	$48.6B	$54.5B	$57.8B
Property, plant & equipment (net)	$12.7B	$12.5B	$12.6B	$12.8B	$13.4B	$13.4B	$13.9B	$14.3B	$15.1B	$15.2B	$15.6B	$16B
Long-term investments	$0	$17.4B	$17.6B	$18.4B	$18.6B	$18B	$18.8B	$15.6B	$16.4B	$16.8B	$0	$0
Goodwill	$5.31B	$5.28B	$5.26B	$5.32B	$5.24B	$5.27B	$5.33B	$5.33B	$5.32B	$5.87B	$5.86B	$5.91B
Intangible assets	$564M	$516M	$488M	$448M	$399M	$361M	$321M	$281M	$241M	$419M	$420M	$409M
Deferred tax assets	$2.82B	$2.86B	$2.92B	$3.05B	$3.31B	$3.33B	$3.43B	$3B	$2.88B	$2.42B	$2.29B	$2.24B
Other non-current assets	$19.2B	$1.46B	$1.36B	$1.24B	$1.19B	$1.53B	$1.77B	$5.38B	$6.1B	$6.2B	$24B	$24.4B
Non-current assets	$40.5B	$40.1B	$40.2B	$41.3B	$42.1B	$42B	$43.6B	$43.9B	$46.1B	$47B	$48.2B	$49B
Total assets	$87.5B	$83.7B	$83.3B	$86.3B	$87.8B	$85B	$90.3B	$93.7B	$98.6B	$95.6B	$103B	$107B
Liabilities
Accounts payable	$7.91B	$7.78B	$7.58B	$7.71B	$7.68B	$7.79B	$8.56B	$8.73B	$8.97B	$9.64B	$10.3B	$10.6B
Accrued expenses	$7.72B	$6.11B	$6.62B	$7.06B	$7.63B	$6.25B	$6.83B	$7.31B	$8.14B	$6.89B	$7.97B	$8.7B
Short-term debt	$13.4B	$13B	$13.5B	$12.1B	$11.1B	$12.8B	$12.8B	$13.8B	$12.6B	$12.4B	$13.1B	$13B
Deferred revenue	$1.93B	$2.19B	$2.32B	$2.4B	$2.32B	$2.95B	$3.41B	$3.39B	$3.31B	$4.38B	$4.78B	$5.33B
Other current liabilities	$3.12B	$3.27B	$2.88B	$2.93B	$2.91B	$2.83B	$2.63B	$2.76B	$2.8B	$2.57B	$3.62B	$3.03B
Current liabilities	$34.7B	$32.4B	$33.6B	$32.2B	$32.3B	$32.6B	$34.9B	$36B	$36.6B	$35.9B	$39.8B	$40.7B
Long-term debt	$24.5B	$24.8B	$23.8B	$25.8B	$27.5B	$25.8B	$27.9B	$27.7B	$30.7B	$30.6B	$32B	$32.2B
Lease obligations (non-current)	-$61M	$0	$0	$0	-$103M	$0	$0	$0	$0	$0	$0	$0
Other non-current liabilities	$8.77B	$8.89B	$8.8B	$8.87B	$8.65B	$8.49B	$8.78B	$9.34B	$10B	$10.3B	$11.4B	$12.5B
Non-current liabilities	$33.2B	$33.7B	$32.6B	$34.7B	$36B	$34.3B	$36.7B	$37.1B	$40.7B	$41B	$43.4B	$44.7B
Total liabilities	$68B	$66.1B	$66.2B	$66.9B	$68.3B	$66.9B	$71.7B	$73.1B	$77.3B	$76.9B	$83.2B	$85.4B
Equity
Common stock & paid-in capital	$6.4B	$5.66B	$5.52B	$5.58B	$6.94B	$6.04B	$6.14B	$6.22B	$7.18B	$5.85B	$5.65B	$6.66B
Retained earnings	$51.3B	$54.1B	$55.5B	$57.9B	$59.4B	$61.4B	$62.2B	$64.5B	$65.4B	$68B	$70.1B	$73.4B
Accumulated other comprehensive income	-$1.82B	-$2.09B	-$2.23B	-$1.72B	-$2.47B	-$2.21B	-$1.68B	-$1.72B	-$1.77B	-$1.88B	-$1.87B	-$1.9B
Shareholders' equity	$19.5B	$17.6B	$17.1B	$19.4B	$19.5B	$18.1B	$18.7B	$20.7B	$21.3B	$18.7B	$19.4B	$21.5B
Debt
Total debt (incl. leases)	$37.9B	$37.9B	$37.3B	$37.9B	$38.4B	$38.6B	$40.7B	$41.5B	$43.3B	$43.1B	$45.1B	$45.2B
Net debt (debt - cash)	$30.9B	$32.9B	$33B	$32.3B	$31.5B	$35B	$35.3B	$34B	$33.4B	$39B	$38.4B	$37.3B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$0	$0	$7.89B	$8.29B	$9.35B	$9.25B	$7B	$6.98B	$6.89B	$9.98B
Receivables	$14.5B	$16.2B	$17.5B	$17.9B	$16.8B	$17.4B	$17.9B	$18.8B	$18.8B	$21.6B
Inventory	$8.61B	$10B	$11.5B	$11.3B	$11.4B	$14B	$16.3B	$16.6B	$16.8B	$18.1B
Other current assets	$0	$0	$0	$0	$0	$0	$0	$4.59B	$3.12B	$2.8B
Current assets	$32B	$36.2B	$38.6B	$39.2B	$39.5B	$43.5B	$43.8B	$46.9B	$45.7B	$52.5B
Property, plant & equipment (net)	$15.3B	$14.2B	$13.6B	$12.9B	$12.4B	$12.1B	$12B	$12.7B	$13.4B	$15.1B
Long-term investments	$0	$0	$0	$0	$0	$15.6B	$16.6B	$17.8B	$18.6B	$16.4B
Goodwill	$6.02B	$6.2B	$6.22B	$6.2B	$6.39B	$6.32B	$5.29B	$5.31B	$5.24B	$5.32B
Intangible assets	$2.35B	$2.11B	$1.9B	$1.57B	$1.31B	$1.04B	$758M	$564M	$399M	$241M
Deferred tax assets	$2.79B	$1.69B	$1.44B	$1.41B	$1.52B	$1.84B	$2.21B	$2.82B	$3.31B	$2.88B
Other non-current assets	$16.3B	$16.6B	$16.8B	$17.2B	$17.2B	$2.44B	$1.28B	$1.39B	$1.19B	$6.1B
Non-current assets	$42.7B	$40.7B	$39.9B	$39.3B	$38.9B	$39.3B	$38.2B	$40.5B	$42.1B	$46.1B
Total assets	$74.7B	$77B	$78.5B	$78.5B	$78.3B	$82.8B	$81.9B	$87.5B	$87.8B	$98.6B
Liabilities
Accounts payable	$4.61B	$6.49B	$7.05B	$5.96B	$6.13B	$8.15B	$8.69B	$7.91B	$7.68B	$8.97B
Accrued expenses	$4.3B	$5.78B	$5.96B	$5.38B	$4.74B	$6B	$6.39B	$7.72B	$7.63B	$2.55B
Short-term debt	$14B	$11B	$11.6B	$11.4B	$11.2B	$11.8B	$11.3B	$13.4B	$11.1B	$12.6B
Deferred revenue	$1.17B	$1.43B	$1.24B	$1.19B	$1.11B	$1.09B	$1.86B	$1.93B	$2.32B	$3.31B
Other current liabilities	$1.64B	$1.74B	$1.92B	$2.16B	$2.02B	$2.26B	$2.69B	$3.12B	$2.91B	$9.09B
Current liabilities	$26.1B	$26.9B	$28.2B	$26.6B	$25.7B	$29.8B	$31.5B	$34.7B	$32.3B	$36.6B
Long-term debt	$22.8B	$23.4B	$24.5B	$26.2B	$25.9B	$26B	$25.8B	$24.5B	$27.5B	$30.7B
Lease obligations (non-current)	$68M	$437M	$497M	$128M	$103M	$79M	-$112M	-$61M	-$103M	$0
Other non-current liabilities	$12.5B	$12.4B	$11.2B	$10.9B	$11.2B	$10.4B	$8.81B	$8.77B	$8.65B	$10B
Non-current liabilities	$35.4B	$36.3B	$36.2B	$37.2B	$37.2B	$36.4B	$34.5B	$33.2B	$36B	$40.7B
Total liabilities	$61.5B	$63.2B	$64.4B	$63.8B	$62.9B	$66.3B	$66.1B	$68B	$68.3B	$77.3B
Equity
Common stock & paid-in capital	$5.28B	$5.59B	$5.83B	$5.94B	$6.23B	$6.4B	$6.56B	$6.4B	$6.94B	$7.18B
Retained earnings	$27.4B	$26.3B	$30.4B	$34.4B	$35.2B	$39.3B	$43.5B	$51.3B	$59.4B	$65.4B
Accumulated other comprehensive income	-$2.04B	-$1.19B	-$1.68B	-$1.57B	-$888M	-$1.55B	-$2.46B	-$1.82B	-$2.47B	-$1.77B
Shareholders' equity	$13.1B	$13.7B	$14B	$14.6B	$15.3B	$16.5B	$15.9B	$19.5B	$19.5B	$21.3B
Debt
Total debt (incl. leases)	$36.8B	$34.9B	$36.6B	$37.7B	$37.2B	$37.8B	$37B	$37.9B	$38.4B	$43.3B
Net debt (debt - cash)	$36.8B	$34.9B	$28.7B	$37.7B	$27.8B	$28.5B	$30B	$30.9B	$31.5B	$33.4B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-01