Caterpillar Inc (CAT) — Capital Reinvestment Ratio
Latest as of December 2025:
0.12x
Caterpillar Inc (CAT) has a Capital Reinvestment Ratio of 0.12x as of December 2025, meaning it reinvests 0% of its operating cash flow ($3.59 Billion) in capital expenditures ($444.00 Million). See Caterpillar Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.12x
Capex / Operating Cash Flow
Operating Cash Flow
$3.59 Billion
USD
Capital Expenditures
$444.00 Million
USD
Data as of
Dec 2025
Most recent filing
Caterpillar Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Caterpillar Inc's Capital Reinvestment Ratio across 34 annual periods.
Annual Capital Reinvestment Ratio for Caterpillar Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Caterpillar Inc from 1989 to 2025. For live market cap and broader valuation context, see Caterpillar Inc (CAT) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.12x | $11.74 Billion | $1.47 Billion | ▼ -53.3% |
| 2024 | 0.27x | $12.04 Billion | $3.21 Billion | ▲ +11.3% |
| 2023 | 0.24x | $12.88 Billion | $3.09 Billion | ▼ -28.3% |
| 2022 | 0.33x | $7.77 Billion | $2.60 Billion | ▼ -2.6% |
| 2021 | 0.34x | $7.20 Billion | $2.47 Billion | ▲ +2.7% |
| 2020 | 0.33x | $6.33 Billion | $2.12 Billion | ▼ -13.4% |
| 2019 | 0.39x | $6.91 Billion | $2.67 Billion | ▼ -13.2% |
| 2018 | 0.44x | $6.56 Billion | $2.92 Billion | ▲ +8.6% |
| 2017 | 0.41x | $5.71 Billion | $2.34 Billion | ▼ -21.2% |
| 2016 | 0.52x | $5.64 Billion | $2.93 Billion | ▲ +6.7% |
| 2015 | 0.49x | $6.70 Billion | $3.26 Billion | ▲ +16.1% |
| 2014 | 0.42x | $8.06 Billion | $3.38 Billion | ▼ -3.9% |
| 2013 | 0.44x | $10.19 Billion | $4.45 Billion | ▼ -55.4% |
| 2012 | 0.98x | $5.18 Billion | $5.08 Billion | ▲ +73.6% |
| 2011 | 0.56x | $6.96 Billion | $3.92 Billion | ▲ +9.3% |
| 2010 | 0.52x | $5.01 Billion | $2.59 Billion | ▲ +35.7% |
| 2009 | 0.38x | $6.50 Billion | $2.47 Billion | ▼ -54.3% |
| 2008 | 0.83x | $4.67 Billion | $3.89 Billion | ▲ +117.7% |
| 2007 | 0.38x | $7.96 Billion | $3.04 Billion | ▼ -17.2% |
| 2006 | 0.46x | $5.80 Billion | $2.67 Billion | ▼ -40.5% |
| 2005 | 0.78x | $3.11 Billion | $2.42 Billion | ▼ -21.7% |
| 2001 | 0.99x | $1.99 Billion | $1.97 Billion | ▲ +46.9% |
| 2000 | 0.67x | $2.06 Billion | $1.39 Billion | ▲ +36.4% |
| 1999 | 0.49x | $2.59 Billion | $1.28 Billion | ▼ -30.8% |
| 1998 | 0.71x | $1.78 Billion | $1.27 Billion | ▲ +35.3% |
| 1997 | 0.53x | $2.10 Billion | $1.11 Billion | ▲ +22.0% |
| 1996 | 0.43x | $1.78 Billion | $771.00 Million | ▲ +39.5% |
| 1995 | 0.31x | $2.19 Billion | $679.00 Million | ▼ -21.5% |
| 1994 | 0.39x | $1.76 Billion | $694.00 Million | ▼ -12.2% |
| 1993 | 0.45x | $1.41 Billion | $632.00 Million | ▼ -64.6% |
| 1992 | 1.27x | $503.00 Million | $640.00 Million | ▲ +5.4% |
| 1991 | 1.21x | $641.00 Million | $774.00 Million | ▼ -4.7% |
| 1990 | 1.27x | $820.00 Million | $1.04 Billion | ▲ +5.5% |
| 1989 | 1.20x | $907.00 Million | $1.09 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow