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 cash flow reinvestment rate of Caterpillar Inc to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see Caterpillar Inc operating cash flow efficiency.
Annual Financial Flexibility Index for Caterpillar Inc (1989–2025)
Year-by-year free cash flow to debt coverage for Caterpillar Inc. Explore CAT cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |