Caterpillar Inc Financial Flexibility Index
Caterpillar Inc 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). See CAT cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Caterpillar Inc (1989–2025)
Financial flexibility index of Caterpillar Inc from 1989 to 2025. Historical Financial Flexibility Index trend for Caterpillar Inc across 37 annual periods. Check CAT cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Caterpillar Inc Financial Flexibility Index by Year (1989–2025)
Caterpillar Inc financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for Caterpillar Inc. For the full cash flow conversion analysis, see Caterpillar Inc cash conversion from operations.
| 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 | — |