CAT · 10-Q · 2026Q3 · Full report

Operating Expense Trends

CATERPILLAR INC · 2026-11-04 · Importance 25 · Surprise 32

Resource Industries’ nine-month SG&A and R&D expenses increased $137 million, primarily because of higher compensation expenses. The increase contributed to a 2% decline in Resource Industries’ segment profit to $1.693 billion despite higher sales. For full-year 2026, Caterpillar expects higher SG&A/R&D expenses to partially offset the profit benefit from higher sales volume and favorable price realization.