CATERPILLAR INC (CAT) Spending and interest coverage
- R&D / revenue · 12 months: Value 3.04%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value (m); Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 3.04% | Research and development expense / revenue. Period ending 2026-06-30. $2.27B ÷ $74.73B × 100 ≈ 3.04% |
| Stock-based compensation / revenue · 12 months | (m) | Share-based compensation / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 2.27B USD | Research and Development Expense |
| Revenue | 74.73B USD | |
| Stock-based compensation | (m) | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 13.09B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $2.27B | $74.73B | (m) | $13.09B | (m) | 3.04% | (m) | (m) | (m) |
| 2026-03-31 | $2.21B | $70.75B | (m) | $11.66B | (m) | 3.12% | (m) | (m) | (m) |
| 2025-12-31 | $2.15B | $67.59B | (m) | $11.15B | (m) | 3.18% | (m) | (m) | (m) |
| 2025-09-30 | $2.10B | $64.67B | (m) | $11.41B | (m) | 3.25% | (m) | (m) | (m) |
| 2025-06-30 | $2.08B | $63.14B | (m) | $11.51B | (m) | 3.30% | (m) | (m) | (m) |
| 2025-03-31 | $2.07B | $63.26B | (m) | $12.13B | (m) | 3.27% | (m) | (m) | (m) |
| 2024-12-31 | $2.11B | $64.81B | (m) | $13.07B | (m) | 3.25% | (m) | (m) | (m) |
| 2024-09-30 | $2.14B | $65.66B | (m) | $13.28B | (m) | 3.26% | (m) | (m) | (m) |
| 2024-06-30 | $2.16B | $66.37B | (m) | $13.58B | (m) | 3.26% | (m) | (m) | (m) |
| 2024-03-31 | $2.16B | $67.00B | (m) | $13.75B | (m) | 3.22% | (m) | (m) | (m) |
| 2023-12-31 | $2.11B | $67.06B | (m) | $12.97B | (m) | 3.14% | (m) | (m) | (m) |
| 2023-09-30 | $1.96B | $66.59B | (m) | $11.51B | (m) | 2.94% | (m) | (m) | (m) |
| 2023-06-30 | $1.88B | $64.77B | (m) | $10.49B | (m) | 2.90% | (m) | (m) | (m) |
| 2023-03-31 | $1.83B | $61.70B | (m) | $8.78B | (m) | 2.96% | (m) | (m) | (m) |
| 2022-12-31 | $1.81B | $59.43B | (m) | $7.90B | (m) | 3.05% | (m) | (m) | (m) |
| 2022-09-30 | $1.85B | $56.63B | (m) | $7.83B | (m) | 3.27% | (m) | (m) | (m) |
| 2022-06-30 | $1.80B | $54.03B | (m) | $7.07B | (m) | 3.34% | (m) | (m) | (m) |
| 2022-03-31 | $1.77B | $52.67B | (m) | $6.92B | (m) | 3.36% | (m) | (m) | (m) |
| 2021-12-31 | $1.69B | $50.97B | (m) | $6.88B | (m) | 3.31% | (m) | (m) | (m) |
| 2021-09-30 | $1.62B | $48.41B | (m) | $6.65B | (m) | 3.35% | (m) | (m) | (m) |
| 2021-06-30 | $1.54B | $45.89B | (m) | $5.97B | (m) | 3.35% | (m) | (m) | (m) |
| 2021-03-31 | $1.43B | $43.00B | (m) | $4.96B | (m) | 3.33% | (m) | (m) | (m) |
| 2020-12-31 | $1.42B | $41.75B | (m) | $4.55B | (m) | 3.39% | (m) | (m) | (m) |
| 2020-09-30 | $1.43B | $43.66B | (m) | $5.02B | (m) | 3.27% | (m) | (m) | (m) |
| 2020-06-30 | $1.51B | $46.53B | (m) | $6.06B | (m) | 3.25% | (m) | (m) | (m) |
| 2020-03-31 | $1.61B | $50.97B | (m) | $7.49B | (m) | 3.17% | (m) | (m) | (m) |
| 2019-12-31 | $1.69B | $53.80B | (m) | $8.29B | (m) | 3.15% | (m) | (m) | (m) |
| 2019-09-30 | $1.77B | $55.00B | (m) | $8.32B | (m) | 3.22% | (m) | (m) | (m) |
| 2019-06-30 | $1.82B | (m) | (m) | $8.44B | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | $1.84B | (m) | (m) | $8.39B | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | $1.85B | $54.72B | (m) | $8.29B | (m) | 3.38% | (m) | (m) | (m) |
| 2018-09-30 | $1.95B | (m) | (m) | $7.74B | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | $1.93B | (m) | (m) | $7.12B | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | $1.92B | (m) | (m) | $6.13B | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | $1.91B | (m) | (m) | $4.41B | (m) | (m) | (m) | (m) | (m) |
| 2017-09-30 | $1.85B | (m) | (m) | $1.98B | (m) | (m) | (m) | (m) | (m) |
| 2017-06-30 | $1.85B | (m) | (m) | $887.00M | (m) | (m) | (m) | (m) | (m) |
| 2017-03-31 | $1.86B | (m) | (m) | $421.00M | (m) | (m) | (m) | (m) | (m) |
| 2016-12-31 | $1.95B | (m) | (m) | $498.00M | (m) | (m) | (m) | (m) | (m) |
| 2016-09-30 | $2.00B | (m) | (m) | $1.58B | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | $2.06B | (m) | (m) | $2.03B | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | $2.15B | (m) | (m) | $2.05B | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | $2.17B | (m) | (m) | $3.26B | (m) | (m) | (m) | (m) | (m) |
| 2015-09-30 | $2.19B | (m) | (m) | $4.43B | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | $2.19B | (m) | (m) | $5.11B | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | $2.17B | (m) | (m) | $5.46B | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | $2.13B | (m) | (m) | $5.33B | (m) | (m) | (m) | (m) | (m) |
| 2014-09-30 | $2.02B | (m) | (m) | $5.72B | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | $1.96B | (m) | (m) | $5.73B | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | $1.99B | (m) | (m) | $5.81B | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | $2.05B | (m) | (m) | $5.63B | (m) | (m) | (m) | (m) | (m) |
| 2013-09-30 | $2.19B | (m) | (m) | $5.21B | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | $2.36B | (m) | (m) | $6.41B | (m) | (m) | (m) | (m) | (m) |
| 2013-03-31 | $2.44B | (m) | (m) | $7.47B | (m) | (m) | (m) | (m) | (m) |
| 2012-12-31 | $2.47B | (m) | (m) | $8.57B | (m) | (m) | (m) | (m) | (m) |
| 2012-09-30 | $2.46B | (m) | (m) | $9.49B | (m) | (m) | (m) | (m) | (m) |
| 2012-06-30 | $2.41B | (m) | (m) | $8.66B | (m) | (m) | (m) | (m) | (m) |
| 2012-03-31 | $2.36B | (m) | (m) | $7.64B | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | $2.30B | (m) | (m) | $7.15B | (m) | (m) | (m) | (m) | (m) |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $1.91B | (m) | (m) | $3.96B | (m) | (m) | (m) | (m) | (m) |
| 2010-09-30 | $1.72B | (m) | (m) | $2.80B | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | $1.53B | (m) | (m) | $1.89B | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | $1.44B | (m) | (m) | $1.26B | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $1.42B | (m) | (m) | $577.00M | (m) | (m) | (m) | (m) | (m) |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $1.73B | (m) | (m) | $4.45B | (m) | (m) | (m) | (m) | (m) |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | $1.40B | (m) | (m) | $4.92B | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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