Caterpillar Inc (CAT) — Free Cash Flow Generation Index
Caterpillar Inc (CAT) has a Free Cash Flow Generation Index of 0.88x as of December 2025. Free cash flow of $3.15 Billion represents 1% of operating cash flow ($3.59 Billion). Read total liabilities of Caterpillar Inc for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Caterpillar Inc Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Caterpillar Inc across 34 annual periods. Explore capital reinvestment ratio of Caterpillar Inc to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Caterpillar Inc (1989–2025)
Year-by-year Free Cash Flow Generation Index for Caterpillar Inc. For the full company profile including market capitalisation, see Caterpillar Inc (CAT) total market value.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.88x | $10.27 Billion | $11.74 Billion | $1.47 Billion | ▲ +19.4% |
| 2024 | 0.73x | $8.82 Billion | $12.04 Billion | $3.21 Billion | ▼ -3.6% |
| 2023 | 0.76x | $9.79 Billion | $12.88 Billion | $3.09 Billion | ▲ +14.2% |
| 2022 | 0.67x | $5.17 Billion | $7.77 Billion | $2.60 Billion | ▲ +1.3% |
| 2021 | 0.66x | $4.73 Billion | $7.20 Billion | $2.47 Billion | ▼ -1.4% |
| 2020 | 0.67x | $4.21 Billion | $6.33 Billion | $2.12 Billion | ▲ +8.4% |
| 2019 | 0.61x | $4.24 Billion | $6.91 Billion | $2.67 Billion | ▲ +10.5% |
| 2018 | 0.56x | $3.64 Billion | $6.56 Billion | $2.92 Billion | ▼ -6.0% |
| 2017 | 0.59x | $3.37 Billion | $5.71 Billion | $2.34 Billion | ▲ +22.8% |
| 2016 | 0.48x | $2.71 Billion | $5.64 Billion | $2.93 Billion | ▼ -6.3% |
| 2015 | 0.51x | $3.44 Billion | $6.70 Billion | $3.26 Billion | ▼ -11.6% |
| 2014 | 0.58x | $4.68 Billion | $8.06 Billion | $3.38 Billion | ▲ +3.0% |
| 2013 | 0.56x | $5.75 Billion | $10.19 Billion | $4.45 Billion | ▲ +2605.9% |
| 2012 | 0.02x | $108.00 Million | $5.18 Billion | $5.08 Billion | ▼ -95.2% |
| 2011 | 0.44x | $3.03 Billion | $6.96 Billion | $3.92 Billion | ▼ -9.9% |
| 2010 | 0.48x | $2.42 Billion | $5.01 Billion | $2.59 Billion | ▼ -21.9% |
| 2009 | 0.62x | $4.03 Billion | $6.50 Billion | $2.47 Billion | ▲ +268.3% |
| 2008 | 0.17x | $786.00 Million | $4.67 Billion | $3.89 Billion | ▼ -72.8% |
| 2007 | 0.62x | $4.92 Billion | $7.96 Billion | $3.04 Billion | ▲ +14.7% |
| 2006 | 0.54x | $3.12 Billion | $5.80 Billion | $2.67 Billion | ▲ +140.3% |
| 2005 | 0.22x | $698.00 Million | $3.11 Billion | $2.42 Billion | ▲ +2244.9% |
| 2001 | 0.01x | $19.00 Million | $1.99 Billion | $1.97 Billion | ▼ -97.1% |
| 2000 | 0.33x | $671.00 Million | $2.06 Billion | $1.39 Billion | ▼ -35.6% |
| 1999 | 0.51x | $1.31 Billion | $2.59 Billion | $1.28 Billion | ▲ +76.7% |
| 1998 | 0.29x | $509.00 Million | $1.78 Billion | $1.27 Billion | ▼ -39.4% |
| 1997 | 0.47x | $990.00 Million | $2.10 Billion | $1.11 Billion | ▼ -16.7% |
| 1996 | 0.57x | $1.01 Billion | $1.78 Billion | $771.00 Million | ▼ -17.8% |
| 1995 | 0.69x | $1.51 Billion | $2.19 Billion | $679.00 Million | ▲ +14.0% |
| 1994 | 0.61x | $1.06 Billion | $1.76 Billion | $694.00 Million | ▲ +10.0% |
| 1993 | 0.55x | $773.00 Million | $1.41 Billion | $632.00 Million | ▲ +302.0% |
| 1992 | -0.27x | $-137.00 Million | $503.00 Million | $640.00 Million | ▼ -31.3% |
| 1991 | -0.21x | $-133.00 Million | $641.00 Million | $774.00 Million | ▲ +22.3% |
| 1990 | -0.27x | $-219.00 Million | $820.00 Million | $1.04 Billion | ▼ -33.1% |
| 1989 | -0.20x | $-182.00 Million | $907.00 Million | $1.09 Billion | — |