TTM
16.2%
YoY change
+1.59pp
Trough year (2003)
-32.3%
Peak year (2025)
15.2%
Latest annual
15.2%
FCF Margin history chart for Caterpillar (CAT) from 1989 to 2025
Latest: 15.2%
FCF Margin change chart for Caterpillar (CAT) from 1989 to 2025
Latest: +1.59pp
FCF Margin history table for Caterpillar (CAT) from 1989 to 2025
| 2025 | 15.2% | +1.59pp | ||
| 2024 | 13.6% | -0.99pp | ||
| 2023 | 14.6% | +5.91pp | ||
| 2022 | 8.7% | -0.58pp | ||
| 2021 | 9.3% | -0.82pp | ||
| 2020 | 10.1% | +2.20pp | ||
| 2019 | 7.9% | +1.23pp | ||
| 2018 | 6.7% | -0.76pp | ||
| 2017 | 7.4% | +0.38pp | ||
| 2016 | 7.0% | -0.28pp | ||
| 2015 | 7.3% | -1.16pp | ||
| 2014 | 8.5% | -1.85pp | ||
| 2013 | 10.3% | +10.16pp | ||
| 2012 | 0.2% | -4.88pp | ||
| 2011 | 5.0% | -0.65pp | ||
| 2010 | 5.7% | -6.74pp | ||
| 2009 | 12.4% | +10.90pp | ||
| 2008 | 1.5% | -9.40pp | ||
| 2007 | 10.9% | +3.41pp | ||
| 2006 | 7.5% | +5.60pp | ||
| 2005 | 1.9% | +22.07pp | ||
| 2004 | -20.1% | +12.20pp | ||
| 2003 | -32.3% | -3.88pp | ||
| 2002 | -28.5% | -28.55pp | ||
| 2001 | 0.1% | -3.23pp | ||
| 2000 | 3.3% | -3.32pp | ||
| 1999 | 6.6% | +4.22pp | ||
| 1998 | 2.4% | -2.80pp | ||
| 1997 | 5.2% | -0.89pp | ||
| 1996 | 6.1% | -3.28pp | ||
| 1995 | 9.4% | +1.98pp | ||
| 1994 | 7.4% | +0.76pp | ||
| 1993 | 6.7% | +8.00pp | ||
| 1992 | -1.3% | -0.04pp | ||
| 1991 | -1.3% | +0.61pp | ||
| 1990 | -1.9% | -0.28pp | ||
| 1989 | -1.6% | — |
- 202515.2%+1.59pp
- 202413.6%-0.99pp
- 202314.6%+5.91pp
- 20228.7%-0.58pp
- 20219.3%-0.82pp
- 202010.1%+2.20pp
- 20197.9%+1.23pp
- 20186.7%-0.76pp
- 20177.4%+0.38pp
- 20167.0%-0.28pp
- 20157.3%-1.16pp
- 20148.5%-1.85pp
- 201310.3%+10.16pp
- 20120.2%-4.88pp
- 20115.0%-0.65pp
- 20105.7%-6.74pp
- 200912.4%+10.90pp
- 20081.5%-9.40pp
- 200710.9%+3.41pp
- 20067.5%+5.60pp
- 20051.9%+22.07pp
- 2004-20.1%+12.20pp
- 2003-32.3%-3.88pp
- 2002-28.5%-28.55pp
- 20010.1%-3.23pp
- 20003.3%-3.32pp
- 19996.6%+4.22pp
- 19982.4%-2.80pp
- 19975.2%-0.89pp
- 19966.1%-3.28pp
- 19959.4%+1.98pp
- 19947.4%+0.76pp
- 19936.7%+8.00pp
- 1992-1.3%-0.04pp
- 1991-1.3%+0.61pp
- 1990-1.9%-0.28pp
- 1989-1.6%—
FCF Margin values are taken from Caterpillar's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's latest reported free cash flow margin is 16.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Caterpillar (CAT) free cash flow margin is 15.20% – expanded 1.6 percentage points year-over-year.
15.20% stands as the all-time-high annual free cash flow margin, posted in 2025, against a low of -32.34% during 2003.
Caterpillar FCF Margin by Year
Caterpillar FCF Margin 2025: 15.2%
Caterpillar free cash flow margin in 2025 was 15.20%, expanded 1.6 percentage points from 2024. This figure represents the highest annual value in the available history.
Caterpillar FCF Margin 2024: 13.6%
2024's free cash flow margin for Caterpillar came in at 13.61%, contracted 1.0 percentage points from 2023.
Caterpillar FCF Margin 2023: 14.6%
Caterpillar posted free cash flow margin of 14.60% in 2023, expanded 5.9 percentage points from 2022.
Caterpillar FCF Margin 2022: 8.7%
In 2022, Caterpillar reported free cash flow margin of 8.69%, contracted 0.6 percentage points from 2021.
Caterpillar FCF Margin 2021: 9.3%
Caterpillar free cash flow margin in 2021 was 9.27%.
See more financial history for Caterpillar (CAT).
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