Caterpillar Inc (CAT) — Cash Flow Reinvestment Rate
Caterpillar Inc (CAT) has a Cash Flow Reinvestment Rate of 0.12x as of December 2025, reinvesting $444.00 Million (capex $444.00 Million ) from operating cash flow of $3.59 Billion. Check earnings quality score of Caterpillar Inc to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Caterpillar Inc Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Caterpillar Inc across 34 annual periods. Explore CAT long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Caterpillar Inc (1989–2025)
Year-by-year capital reinvestment analysis for Caterpillar Inc. For live market cap and broader valuation context, see Caterpillar Inc (CAT) market capitalisation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.12x | $1.47 Billion | $11.74 Billion | $1.47 Billion | ▼ -73.5% |
| 2024 | 0.47x | $5.67 Billion | $12.04 Billion | $3.21 Billion | ▼ -32.3% |
| 2023 | 0.70x | $8.96 Billion | $12.88 Billion | $3.09 Billion | ▲ +5.1% |
| 2022 | 0.66x | $5.14 Billion | $7.77 Billion | $2.60 Billion | ▲ +20.8% |
| 2021 | 0.55x | $3.94 Billion | $7.20 Billion | $2.47 Billion | ▲ +63.1% |
| 2020 | 0.34x | $2.12 Billion | $6.33 Billion | $2.12 Billion | ▼ -23.9% |
| 2019 | 0.44x | $3.05 Billion | $6.91 Billion | $2.67 Billion | ▼ -23.5% |
| 2018 | 0.58x | $3.79 Billion | $6.56 Billion | $2.92 Billion | ▼ -1.1% |
| 2017 | 0.58x | $3.33 Billion | $5.71 Billion | $2.34 Billion | ▼ -29.8% |
| 2016 | 0.83x | $4.69 Billion | $5.64 Billion | $2.93 Billion | ▲ +41.3% |
| 2015 | 0.59x | $3.94 Billion | $6.70 Billion | $3.26 Billion | ▲ +1.8% |
| 2014 | 0.58x | $4.65 Billion | $8.06 Billion | $3.38 Billion | ▼ -2.4% |
| 2013 | 0.59x | $6.03 Billion | $10.19 Billion | $4.45 Billion | ▼ -61.9% |
| 2012 | 1.55x | $8.05 Billion | $5.18 Billion | $5.08 Billion | ▼ -21.7% |
| 2011 | 1.98x | $13.81 Billion | $6.96 Billion | $3.92 Billion | ▼ -10.2% |
| 2010 | 2.21x | $11.07 Billion | $5.01 Billion | $2.59 Billion | ▲ +49.1% |
| 2009 | 1.48x | $9.64 Billion | $6.50 Billion | $2.47 Billion | ▲ +78.3% |
| 2008 | 0.83x | $3.89 Billion | $4.67 Billion | $3.89 Billion | ▲ +117.7% |
| 2007 | 0.38x | $3.04 Billion | $7.96 Billion | $3.04 Billion | ▼ -17.2% |
| 2006 | 0.46x | $2.67 Billion | $5.80 Billion | $2.67 Billion | ▼ -40.5% |
| 2005 | 0.78x | $2.42 Billion | $3.11 Billion | $2.42 Billion | ▼ -21.7% |
| 2001 | 0.99x | $1.97 Billion | $1.99 Billion | $1.97 Billion | ▲ +46.9% |
| 2000 | 0.67x | $1.39 Billion | $2.06 Billion | $1.39 Billion | ▲ +36.4% |
| 1999 | 0.49x | $1.28 Billion | $2.59 Billion | $1.28 Billion | ▼ -30.8% |
| 1998 | 0.71x | $1.27 Billion | $1.78 Billion | $1.27 Billion | ▲ +35.3% |
| 1997 | 0.53x | $1.11 Billion | $2.10 Billion | $1.11 Billion | ▲ +22.0% |
| 1996 | 0.43x | $771.00 Million | $1.78 Billion | $771.00 Million | ▲ +39.5% |
| 1995 | 0.31x | $679.00 Million | $2.19 Billion | $679.00 Million | ▼ -21.5% |
| 1994 | 0.39x | $694.00 Million | $1.76 Billion | $694.00 Million | ▼ -12.2% |
| 1993 | 0.45x | $632.00 Million | $1.41 Billion | $632.00 Million | ▼ -64.6% |
| 1992 | 1.27x | $640.00 Million | $503.00 Million | $640.00 Million | ▲ +5.4% |
| 1991 | 1.21x | $774.00 Million | $641.00 Million | $774.00 Million | ▼ -4.7% |
| 1990 | 1.27x | $1.04 Billion | $820.00 Million | $1.04 Billion | ▲ +5.5% |
| 1989 | 1.20x | $1.09 Billion | $907.00 Million | $1.09 Billion | — |