Caterpillar Inc (CAT) — Capital Reinvestment Ratio
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 net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Caterpillar Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Caterpillar Inc's Capital Reinvestment Ratio across 34 annual periods. Check CAT cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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 stock valuation.
| 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 | — |