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. See free cash flow generation of Caterpillar Inc to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see CAT cash flow conversion.
Annual Cash Flow Reinvestment Rate for Caterpillar Inc (1989–2025)
Year-by-year capital reinvestment analysis for Caterpillar Inc. See Caterpillar Inc (CAT) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| 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 | — |