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). Check Caterpillar Inc PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
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. See CAT net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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 | — |