# CATERPILLAR INC (CAT) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from CATERPILLAR INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/CAT/mda/fy2025/): filed 2026-02-13; accession 0000018230-26-000008 (https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/CAT/mda/fy2024/): filed 2025-02-14; accession 0000018230-25-000008 (https://www.sec.gov/Archives/edgar/data/18230/000001823025000008/cat-20241231.htm)
- [FY 2023 MD&A](/company/CAT/mda/fy2023/): filed 2024-02-16; accession 0000018230-24-000009 (https://www.sec.gov/Archives/edgar/data/18230/000001823024000009/cat-20231231.htm)
- [FY 2022 MD&A](/company/CAT/mda/fy2022/): filed 2023-02-15; accession 0000018230-23-000011 (https://www.sec.gov/Archives/edgar/data/18230/000001823023000011/cat-20221231.htm)
- [FY 2021 MD&A](/company/CAT/mda/fy2021/): filed 2022-02-16; accession 0000018230-22-000050 (https://www.sec.gov/Archives/edgar/data/18230/000001823022000050/cat-20211231.htm)

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