Caterpillar Inc (CAT) — Financial Flexibility Index
Caterpillar Inc (CAT) has a Financial Flexibility Index of 0.05x as of December 2025. Free cash flow of $4.04 Billion (operating CF $3.59 Billion minus capex $444.00 Million) represents 0% of total liabilities ($77.27 Billion). Also explore CAT net asset momentum to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Caterpillar Inc Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Caterpillar Inc across 37 annual periods. Check asset allocation strategy of Caterpillar Inc to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for Caterpillar Inc (1989–2025)
Year-by-year free cash flow to debt coverage for Caterpillar Inc. For the full company profile including market capitalisation, see market cap of Caterpillar Inc.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.17x | $13.20 Billion | $11.74 Billion | $77.27 Billion | ▼ -23.5% |
| 2024 | 0.22x | $15.25 Billion | $12.04 Billion | $68.27 Billion | ▼ -5.0% |
| 2023 | 0.24x | $15.98 Billion | $12.88 Billion | $67.97 Billion | ▲ +49.8% |
| 2022 | 0.16x | $10.37 Billion | $7.77 Billion | $66.05 Billion | ▲ +7.6% |
| 2021 | 0.15x | $9.67 Billion | $7.20 Billion | $66.28 Billion | ▲ +8.8% |
| 2020 | 0.13x | $8.44 Billion | $6.33 Billion | $62.95 Billion | ▼ -10.7% |
| 2019 | 0.15x | $9.58 Billion | $6.91 Billion | $63.82 Billion | ▲ +2.1% |
| 2018 | 0.15x | $9.47 Billion | $6.56 Billion | $64.43 Billion | ▲ +15.6% |
| 2017 | 0.13x | $8.04 Billion | $5.71 Billion | $63.20 Billion | ▼ -8.7% |
| 2016 | 0.14x | $8.57 Billion | $5.64 Billion | $61.49 Billion | ▼ -11.2% |
| 2015 | 0.16x | $9.96 Billion | $6.70 Billion | $63.46 Billion | ▼ -6.9% |
| 2014 | 0.17x | $11.44 Billion | $8.06 Billion | $67.86 Billion | ▼ -26.3% |
| 2013 | 0.23x | $14.64 Billion | $10.19 Billion | $64.02 Billion | ▲ +59.1% |
| 2012 | 0.14x | $10.26 Billion | $5.18 Billion | $71.39 Billion | ▼ -9.8% |
| 2011 | 0.16x | $10.88 Billion | $6.96 Billion | $68.29 Billion | ▲ +11.5% |
| 2010 | 0.14x | $7.59 Billion | $5.01 Billion | $53.16 Billion | ▼ -19.2% |
| 2009 | 0.18x | $8.97 Billion | $6.50 Billion | $50.74 Billion | ▲ +26.2% |
| 2008 | 0.14x | $8.56 Billion | $4.67 Billion | $61.07 Billion | ▼ -39.9% |
| 2007 | 0.23x | $10.99 Billion | $7.96 Billion | $47.14 Billion | ▲ +22.7% |
| 2006 | 0.19x | $8.47 Billion | $5.80 Billion | $44.59 Billion | ▲ +34.5% |
| 2005 | 0.14x | $5.53 Billion | $3.11 Billion | $39.12 Billion | ▲ +368.2% |
| 2004 | -0.05x | $-1.88 Billion | $-3.99 Billion | $35.63 Billion | ▲ +58.0% |
| 2003 | -0.13x | $-3.85 Billion | $-5.61 Billion | $30.63 Billion | ▼ -56.2% |
| 2002 | -0.08x | $-2.19 Billion | $-3.96 Billion | $27.23 Billion | ▼ -150.9% |
| 2001 | 0.16x | $3.96 Billion | $1.99 Billion | $25.05 Billion | ▲ +4.7% |
| 2000 | 0.15x | $3.45 Billion | $2.06 Billion | $22.86 Billion | ▼ -17.2% |
| 1999 | 0.18x | $3.87 Billion | $2.59 Billion | $21.25 Billion | ▲ +19.5% |
| 1998 | 0.15x | $3.05 Billion | $1.78 Billion | $20.00 Billion | ▼ -23.5% |
| 1997 | 0.20x | $3.20 Billion | $2.10 Billion | $16.08 Billion | ▲ +14.0% |
| 1996 | 0.17x | $2.55 Billion | $1.78 Billion | $14.61 Billion | ▼ -18.1% |
| 1995 | 0.21x | $2.87 Billion | $2.19 Billion | $13.44 Billion | ▲ +16.2% |
| 1994 | 0.18x | $2.45 Billion | $1.76 Billion | $13.34 Billion | ▲ +13.7% |
| 1993 | 0.16x | $2.04 Billion | $1.41 Billion | $12.61 Billion | ▲ +74.7% |
| 1992 | 0.09x | $1.14 Billion | $503.00 Million | $12.36 Billion | ▼ -47.7% |
| 1991 | 0.18x | $1.42 Billion | $641.00 Million | $8.00 Billion | ▼ -29.5% |
| 1990 | 0.25x | $1.86 Billion | $820.00 Million | $7.41 Billion | ▼ -18.9% |
| 1989 | 0.31x | $2.00 Billion | $907.00 Million | $6.45 Billion | — |