Caterpillar Inc (CAT) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Caterpillar Inc (CAT) has a cash flow conversion efficiency ratio of 0.168x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($3.59 Billion) by net assets ($21.32 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Caterpillar Inc - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how Caterpillar Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read CAT total liabilities for a breakdown of total debt and financial obligations.
Caterpillar Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Caterpillar Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Berkshire Hathaway Inc
NYSE:BRK-A
|
0.016x |
|
AbbVie Inc
NYSE:ABBV
|
-1.616x |
|
Chevron Corp
NYSE:CVX
|
0.056x |
|
Advanced Micro Devices Inc
NASDAQ:AMD
|
0.041x |
|
Bank of America Corp
NYSE:BAC
|
-0.076x |
|
Procter & Gamble Company
NYSE:PG
|
0.093x |
|
Palantir Technologies Inc.
NASDAQ:PLTR
|
0.104x |
|
Palantir Technologies Inc. Class A Common Stock
NYSE:PLTR
|
0.056x |
Annual Cash Flow Conversion Efficiency for Caterpillar Inc (1989–2025)
The table below shows the annual cash flow conversion efficiency of Caterpillar Inc from 1989 to 2025. For the full company profile with market capitalisation and key ratios, see CAT market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $21.32 Billion | $11.74 Billion | 0.551x | -10.81% |
| 2024-12-31 | $19.49 Billion | $12.04 Billion | 0.617x | -6.55% |
| 2023-12-31 | $19.50 Billion | $12.88 Billion | 0.661x | +35.19% |
| 2022-12-31 | $15.89 Billion | $7.77 Billion | 0.489x | +12.13% |
| 2021-12-31 | $16.52 Billion | $7.20 Billion | 0.436x | +5.93% |
| 2020-12-31 | $15.38 Billion | $6.33 Billion | 0.411x | -12.92% |
| 2019-12-31 | $14.63 Billion | $6.91 Billion | 0.472x | +1.44% |
| 2018-12-31 | $14.08 Billion | $6.56 Billion | 0.466x | +12.37% |
| 2017-12-31 | $13.77 Billion | $5.71 Billion | 0.414x | -2.88% |
| 2016-12-31 | $13.21 Billion | $5.64 Billion | 0.427x | -5.17% |
| 2015-12-31 | $14.88 Billion | $6.70 Billion | 0.450x | -6.01% |
| 2014-12-31 | $16.83 Billion | $8.06 Billion | 0.479x | -1.90% |
| 2013-12-31 | $20.88 Billion | $10.19 Billion | 0.488x | +65.55% |
| 2012-12-31 | $17.58 Billion | $5.18 Billion | 0.295x | -45.21% |
| 2011-12-31 | $12.93 Billion | $6.96 Billion | 0.538x | +16.71% |
| 2010-12-31 | $10.86 Billion | $5.01 Billion | 0.461x | -34.02% |
| 2009-12-31 | $9.30 Billion | $6.50 Billion | 0.699x | +0.43% |
| 2008-12-31 | $6.71 Billion | $4.67 Billion | 0.696x | -21.31% |
| 2007-12-31 | $9.00 Billion | $7.96 Billion | 0.884x | +4.59% |
| 2006-12-31 | $6.86 Billion | $5.80 Billion | 0.845x | +129.00% |
| 2005-12-31 | $8.43 Billion | $3.11 Billion | 0.369x | +169.07% |
| 2004-12-31 | $7.47 Billion | $-3.99 Billion | -0.534x | +42.10% |
| 2003-12-31 | $6.08 Billion | $-5.61 Billion | -0.923x | -27.50% |
| 2002-12-31 | $5.47 Billion | $-3.96 Billion | -0.724x | -304.46% |
| 2001-12-31 | $5.61 Billion | $1.99 Billion | 0.354x | -3.69% |
| 2000-12-31 | $5.60 Billion | $2.06 Billion | 0.368x | -22.42% |
| 1999-12-31 | $5.46 Billion | $2.59 Billion | 0.474x | +36.77% |
| 1998-12-31 | $5.13 Billion | $1.78 Billion | 0.347x | -22.64% |
| 1997-12-31 | $4.68 Billion | $2.10 Billion | 0.448x | +3.47% |
| 1996-12-31 | $4.12 Billion | $1.78 Billion | 0.433x | -33.02% |
| 1995-12-31 | $3.39 Billion | $2.19 Billion | 0.646x | +7.10% |
| 1994-12-31 | $2.91 Billion | $1.76 Billion | 0.604x | -5.53% |
| 1993-12-31 | $2.20 Billion | $1.41 Billion | 0.639x | +100.06% |
| 1992-12-31 | $1.57 Billion | $503.00 Million | 0.319x | +101.48% |
| 1991-12-31 | $4.04 Billion | $641.00 Million | 0.159x | -12.24% |
| 1990-12-31 | $4.54 Billion | $820.00 Million | 0.181x | -10.91% |
| 1989-12-31 | $4.47 Billion | $907.00 Million | 0.203x | -- |
About Caterpillar Inc
Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, … Read more