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CATERPILLAR INC.

EDGAR

CAT Current report (8-K) · filed 2026-10-29

Annual consolidated revenue for 2025: about USD 67.59B, using the latest reported figures. The previous period, 2024, was about USD 64.81B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

20.5 billion USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 20543000000 USD Source

Operating margin

20.91%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 4295000000 USD Source
Revenue: 20543000000 USD Source

Operating cash flow

4.37 billion USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 6241000000 USD Source
Operating Cash Flow: 1870000000 USD Source

Free cash flow

3.78 billion USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 6241000000 USD Source
Operating Cash Flow: 1870000000 USD Source
Capital Expenditure: 1315000000 USD Source
Capital Expenditure: 728000000 USD Source

Cash and cash equivalents: 6.71 billion USD 2026-06-30 Source
Exact value

6713000000 USD
Long-term debt including current maturities: Not available
Shares outstanding: 460 million shares 2026-06-30 Source
Exact value

459700000 shares

Reported share-count change

-1.88% · -8.8 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

468500000 shares · 2025-06-30· Source
459700000 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

74.7 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 17638000000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 67589000000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 48456000000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 17415000000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 20543000000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

13.6 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 8148000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 4411000000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 11739000000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 8148000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 1870000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 6241000000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 1870000000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

2.87 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 1923000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 1265000000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 2821000000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 1923000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 728000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 1315000000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 728000000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

10.7 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 8148000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 4411000000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 11739000000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 8148000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 1870000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 6241000000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 1870000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 1923000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 1265000000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 2821000000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 1923000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 728000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 1315000000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 728000000 USD · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
net income: No compatible figures in this window
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 8 of 11 periods available· newest 2025-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
Total liabilities: 11 of 11 periods available· newest 2025-12-31
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 11 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+4.3%

Prior period

USD 64.81 billion

2024-01-01 – 2024-12-31
Current period

USD 67.59 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

67589000000 − 64809000000 = 2780000000 USD

64809000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
67589000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · CATERPILLAR INC. · 2025-12-31 CATERPILLAR INC. (edgar:18230) Year-over-year change in Revenue: 2780000000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 67589000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#5878124 Filing: 000001823026000008 Input fundies:Revenue: 64809000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#5879091 Filing: 000001823026000008
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-2.5%

Prior period

USD 12.04 billion

2024-01-01 – 2024-12-31
Current period

USD 11.74 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

11739000000 − 12035000000 = -296000000 USD

12035000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
11739000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · CATERPILLAR INC. · 2025-12-31 CATERPILLAR INC. (edgar:18230) Year-over-year change in Operating cash flow: -296000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 11739000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2651640 Filing: 000001823026000008 Input fundies:OperatingCashFlow: 12035000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2652410 Filing: 000001823026000008
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+41.9%

Prior period

USD 1.99 billion

2024-01-01 – 2024-12-31
Current period

USD 2.82 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

2821000000 − 1988000000 = 833000000 USD

1988000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
2821000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · CATERPILLAR INC. · 2025-12-31 CATERPILLAR INC. (edgar:18230) Year-over-year change in Capital expenditure: 833000000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 2821000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2655734 Filing: 000001823026000008 Input fundies:CapitalExpenditure: 1988000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2656323 Filing: 000001823026000008
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 67.59 billion 100% of revenue
Cost of revenue USD 49 million 0.1% of revenue
Operating expenses USD 9.13 billion 14% of revenue
Other operating costs Derived USD 47.26 billion 70% of revenue
Operating income USD 11.15 billion 16% of revenue
Tax, interest and other Derived Unavailable An input is unavailable.
Net income Unavailable An input is unavailable.

Cash

Operating cash flow USD 11.74 billion 17% of revenue
Capital expenditure USD 2.82 billion 4.2% of revenue
Free cash flow Derived USD 8.92 billion 13% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2019 Not shown: operating income or net income is not reported.
2020 Not shown: operating income or net income is not reported.
2021 Not shown: operating income or net income is not reported.
2022 Not shown: operating income or net income is not reported.
2023 Not shown: operating income or net income is not reported.
2024 Not shown: operating income or net income is not reported.
2025 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	38537000000	37375000000 Derived	1162000000	Unavailable	Unavailable	Unavailable	Source 2016-01-01 – 2016-12-31: 38537000000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 1162000000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 5639000000 USD Inspect Operating Cash Flow Open source
2017 2017-01-01 – 2017-12-31	45462000000	41002000000 Derived	4460000000	Unavailable	Unavailable	Unavailable	Source 2017-01-01 – 2017-12-31: 45462000000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 4460000000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 5706000000 USD Inspect Operating Cash Flow Open source
2018 2018-01-01 – 2018-12-31	54722000000	46429000000 Derived	8293000000	Unavailable	Unavailable	5282000000 Derived	Source 2018-01-01 – 2018-12-31: 54722000000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 8293000000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 6558000000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 1276000000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	53800000000	45510000000 Derived	8290000000	Unavailable	Unavailable	5856000000 Derived	Source 2019-01-01 – 2019-12-31: 53800000000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 8290000000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 6912000000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 1056000000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	41748000000	37195000000 Derived	4553000000	Unavailable	Unavailable	5349000000 Derived	Source 2020-01-01 – 2020-12-31: 41748000000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 4553000000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 6327000000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 978000000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	50971000000	44093000000 Derived	6878000000	Unavailable	Unavailable	6105000000 Derived	Source 2021-01-01 – 2021-12-31: 50971000000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 6878000000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 7198000000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 1093000000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	59427000000	51523000000 Derived	7904000000	Unavailable	Unavailable	6470000000 Derived	Source 2022-01-01 – 2022-12-31: 59427000000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 7904000000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 7766000000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 1296000000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	67060000000	54094000000 Derived	12966000000	Unavailable	Unavailable	11288000000 Derived	Source 2023-01-01 – 2023-12-31: 67060000000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 12966000000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 12885000000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 1597000000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	64809000000	51737000000 Derived	13072000000	Unavailable	Unavailable	10047000000 Derived	Source 2024-01-01 – 2024-12-31: 64809000000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 13072000000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 12035000000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 1988000000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	67589000000	56438000000 Derived	11151000000	Unavailable	Unavailable	8918000000 Derived	Source 2025-01-01 – 2025-12-31: 67589000000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 11151000000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 11739000000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 2821000000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 67.6B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	38537000000	Revenue: 38537000000 Open source
20172017-12-31	Revenue	45462000000	Revenue: 45462000000 Open source
20182018-12-31	Revenue	54722000000	Revenue: 54722000000 Open source
20192019-12-31	Revenue	53800000000	Revenue: 53800000000 Open source
20202020-12-31	Revenue	41748000000	Revenue: 41748000000 Open source
20212021-12-31	Revenue	50971000000	Revenue: 50971000000 Open source
20222022-12-31	Revenue	59427000000	Revenue: 59427000000 Open source
20232023-12-31	Revenue	67060000000	Revenue: 67060000000 Open source
20242024-12-31	Revenue	64809000000	Revenue: 64809000000 Open source
20252025-12-31	Revenue	67589000000	Revenue: 67589000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

4.3% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	-12.7%	Revenue: 38537000000 Open source Revenue: 44147000000 Open source
20172017-12-31	Year over year	18%	Revenue: 45462000000 Open source Revenue: 38537000000 Open source
20182018-12-31	Year over year	20.4%	Revenue: 54722000000 Open source Revenue: 45462000000 Open source
20192019-12-31	Year over year	-1.7%	Revenue: 53800000000 Open source Revenue: 54722000000 Open source
20202020-12-31	Year over year	-22.4%	Revenue: 41748000000 Open source Revenue: 53800000000 Open source
20212021-12-31	Year over year	22.1%	Revenue: 50971000000 Open source Revenue: 41748000000 Open source
20222022-12-31	Year over year	16.6%	Revenue: 59427000000 Open source Revenue: 50971000000 Open source
20232023-12-31	Year over year	12.8%	Revenue: 67060000000 Open source Revenue: 59427000000 Open source
20242024-12-31	Year over year	-3.4%	Revenue: 64809000000 Open source Revenue: 67060000000 Open source
20252025-12-31	Year over year	4.3%	Revenue: 67589000000 Open source Revenue: 64809000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 16.5% 2025

Free cash flow margin 13.2% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	3%	Operating Income: 1162000000 Open source Revenue: 38537000000 Open source
20172017-12-31	Operating margin	9.8%	Operating Income: 4460000000 Open source Revenue: 45462000000 Open source
20182018-12-31	Operating margin	15.2%	Operating Income: 8293000000 Open source Revenue: 54722000000 Open source
20192019-12-31	Operating margin	15.4%	Operating Income: 8290000000 Open source Revenue: 53800000000 Open source
20202020-12-31	Operating margin	10.9%	Operating Income: 4553000000 Open source Revenue: 41748000000 Open source
20212021-12-31	Operating margin	13.5%	Operating Income: 6878000000 Open source Revenue: 50971000000 Open source
20222022-12-31	Operating margin	13.3%	Operating Income: 7904000000 Open source Revenue: 59427000000 Open source
20232023-12-31	Operating margin	19.3%	Operating Income: 12966000000 Open source Revenue: 67060000000 Open source
20242024-12-31	Operating margin	20.2%	Operating Income: 13072000000 Open source Revenue: 64809000000 Open source
20252025-12-31	Operating margin	16.5%	Operating Income: 11151000000 Open source Revenue: 67589000000 Open source
2016-12-31	Net margin	Not reported	Revenue: 38537000000 Open source
2017-12-31	Net margin	Not reported	Revenue: 45462000000 Open source
2018-12-31	Net margin	Not reported	Revenue: 54722000000 Open source
2019-12-31	Net margin	Not reported	Revenue: 53800000000 Open source
2020-12-31	Net margin	Not reported	Revenue: 41748000000 Open source
2021-12-31	Net margin	Not reported	Revenue: 50971000000 Open source
2022-12-31	Net margin	Not reported	Revenue: 59427000000 Open source
2023-12-31	Net margin	Not reported	Revenue: 67060000000 Open source
2024-12-31	Net margin	Not reported	Revenue: 64809000000 Open source
2025-12-31	Net margin	Not reported	Revenue: 67589000000 Open source
20162016-12-31	Free cash flow margin	Not reported	Revenue: 38537000000 Open source Operating Cash Flow: 5639000000 Open source
20172017-12-31	Free cash flow margin	Not reported	Revenue: 45462000000 Open source Operating Cash Flow: 5706000000 Open source
20182018-12-31	Free cash flow margin	9.7%	Revenue: 54722000000 Open source Operating Cash Flow: 6558000000 Open source Capital Expenditure: 1276000000 Open source
20192019-12-31	Free cash flow margin	10.9%	Revenue: 53800000000 Open source Operating Cash Flow: 6912000000 Open source Capital Expenditure: 1056000000 Open source
20202020-12-31	Free cash flow margin	12.8%	Revenue: 41748000000 Open source Operating Cash Flow: 6327000000 Open source Capital Expenditure: 978000000 Open source
20212021-12-31	Free cash flow margin	12%	Revenue: 50971000000 Open source Operating Cash Flow: 7198000000 Open source Capital Expenditure: 1093000000 Open source
20222022-12-31	Free cash flow margin	10.9%	Revenue: 59427000000 Open source Operating Cash Flow: 7766000000 Open source Capital Expenditure: 1296000000 Open source
20232023-12-31	Free cash flow margin	16.8%	Revenue: 67060000000 Open source Operating Cash Flow: 12885000000 Open source Capital Expenditure: 1597000000 Open source
20242024-12-31	Free cash flow margin	15.5%	Revenue: 64809000000 Open source Operating Cash Flow: 12035000000 Open source Capital Expenditure: 1988000000 Open source
20252025-12-31	Free cash flow margin	13.2%	Revenue: 67589000000 Open source Operating Cash Flow: 11739000000 Open source Capital Expenditure: 2821000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 11.7B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	5639000000	Operating Cash Flow: 5639000000 Open source
20172017-12-31	Operating cash flow	5706000000	Operating Cash Flow: 5706000000 Open source
20182018-12-31	Operating cash flow	6558000000	Operating Cash Flow: 6558000000 Open source
20192019-12-31	Operating cash flow	6912000000	Operating Cash Flow: 6912000000 Open source
20202020-12-31	Operating cash flow	6327000000	Operating Cash Flow: 6327000000 Open source
20212021-12-31	Operating cash flow	7198000000	Operating Cash Flow: 7198000000 Open source
20222022-12-31	Operating cash flow	7766000000	Operating Cash Flow: 7766000000 Open source
20232023-12-31	Operating cash flow	12885000000	Operating Cash Flow: 12885000000 Open source
20242024-12-31	Operating cash flow	12035000000	Operating Cash Flow: 12035000000 Open source
20252025-12-31	Operating cash flow	11739000000	Operating Cash Flow: 11739000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 8.9B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	Unavailable	Operating Cash Flow: 5639000000 Open source
20172017-12-31	Free cash flow	Unavailable	Operating Cash Flow: 5706000000 Open source
20182018-12-31	Free cash flow	5282000000	Operating Cash Flow: 6558000000 Open source Capital Expenditure: 1276000000 Open source
20192019-12-31	Free cash flow	5856000000	Operating Cash Flow: 6912000000 Open source Capital Expenditure: 1056000000 Open source
20202020-12-31	Free cash flow	5349000000	Operating Cash Flow: 6327000000 Open source Capital Expenditure: 978000000 Open source
20212021-12-31	Free cash flow	6105000000	Operating Cash Flow: 7198000000 Open source Capital Expenditure: 1093000000 Open source
20222022-12-31	Free cash flow	6470000000	Operating Cash Flow: 7766000000 Open source Capital Expenditure: 1296000000 Open source
20232023-12-31	Free cash flow	11288000000	Operating Cash Flow: 12885000000 Open source Capital Expenditure: 1597000000 Open source
20242024-12-31	Free cash flow	10047000000	Operating Cash Flow: 12035000000 Open source Capital Expenditure: 1988000000 Open source
20252025-12-31	Free cash flow	8918000000	Operating Cash Flow: 11739000000 Open source Capital Expenditure: 2821000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

78.4% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	82.3%	Total Liabilities: 61491000000 Open source Total Assets: 74704000000 Open source
20172017-12-31	Liabilities / assets	82.1%	Total Liabilities: 63196000000 Open source Total Assets: 76962000000 Open source
20182018-12-31	Liabilities / assets	82.1%	Total Liabilities: 64429000000 Open source Total Assets: 78509000000 Open source
20192019-12-31	Liabilities / assets	81.4%	Total Liabilities: 63824000000 Open source Total Assets: 78453000000 Open source
20202020-12-31	Liabilities / assets	80.4%	Total Liabilities: 62946000000 Open source Total Assets: 78324000000 Open source
20212021-12-31	Liabilities / assets	80.1%	Total Liabilities: 66277000000 Open source Total Assets: 82793000000 Open source
20222022-12-31	Liabilities / assets	80.6%	Total Liabilities: 66052000000 Open source Total Assets: 81943000000 Open source
20232023-12-31	Liabilities / assets	77.7%	Total Liabilities: 67973000000 Open source Total Assets: 87476000000 Open source
20242024-12-31	Liabilities / assets	77.8%	Total Liabilities: 68270000000 Open source Total Assets: 87764000000 Open source
20252025-12-31	Liabilities / assets	78.4%	Total Liabilities: 77267000000 Open source Total Assets: 98585000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

1.44× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	1.22×	Current Assets: 31967000000 Open source Current Liabilities: 26132000000 Open source
20172017-12-31	Current assets / current liabilities	1.35×	Current Assets: 36244000000 Open source Current Liabilities: 26931000000 Open source
20182018-12-31	Current assets / current liabilities	1.37×	Current Assets: 38603000000 Open source Current Liabilities: 28218000000 Open source
20192019-12-31	Current assets / current liabilities	1.47×	Current Assets: 39193000000 Open source Current Liabilities: 26621000000 Open source
20202020-12-31	Current assets / current liabilities	1.53×	Current Assets: 39464000000 Open source Current Liabilities: 25717000000 Open source
20212021-12-31	Current assets / current liabilities	1.46×	Current Assets: 43455000000 Open source Current Liabilities: 29847000000 Open source
20222022-12-31	Current assets / current liabilities	1.39×	Current Assets: 43785000000 Open source Current Liabilities: 31531000000 Open source
20232023-12-31	Current assets / current liabilities	1.35×	Current Assets: 46949000000 Open source Current Liabilities: 34728000000 Open source
20242024-12-31	Current assets / current liabilities	1.42×	Current Assets: 45682000000 Open source Current Liabilities: 32272000000 Open source
20252025-12-31	Current assets / current liabilities	1.44×	Current Assets: 52485000000 Open source Current Liabilities: 36558000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	Unavailable Not reported for this period.	USD 5.64 billion Exact value Exact value: 5639000000 USD 2016-01-01 – 2016-12-31: 5639000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2016-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 5639000000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5639000000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823019000034/cat-20181231.xml#2419181 Filing: 000001823019000034 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2017 2017-01-01 – 2017-12-31	Unavailable Not reported for this period.	USD 5.71 billion Exact value Exact value: 5706000000 USD 2017-01-01 – 2017-12-31: 5706000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2017-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 5706000000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5706000000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823020000056/cat10-k12312019.htm#5085892 Filing: 000001823020000056 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2018 2018-01-01 – 2018-12-31	Unavailable Not reported for this period.	USD 6.56 billion Exact value Exact value: 6558000000 USD 2018-01-01 – 2018-12-31: 6558000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2018-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 6558000000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 6558000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823021000063/cat-20201231.htm#3614247 Filing: 000001823021000063 The citation records this snapshot. The page link may show a newer release later.	USD 1.28 billion Exact value Exact value: 1276000000 USD 2018-01-01 – 2018-12-31: 1276000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2018-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 1276000000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1276000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823021000063/cat-20201231.htm#3619089 Filing: 000001823021000063 The citation records this snapshot. The page link may show a newer release later.	USD 5.28 billion Calculation and evidence 6558000000 − 1276000000 USD Exact free cash flow: 5282000000 USD 2018-01-01 – 2018-12-31: 6558000000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 1276000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2018-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 5282000000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6558000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823021000063/cat-20201231.htm#3614247 Filing: 000001823021000063 Input fundies:CapitalExpenditure: 1276000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823021000063/cat-20201231.htm#3619089 Filing: 000001823021000063 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	Unavailable Not reported for this period.	USD 6.91 billion Exact value Exact value: 6912000000 USD 2019-01-01 – 2019-12-31: 6912000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2019-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 6912000000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 6912000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823022000050/cat-20211231.htm#3096479 Filing: 000001823022000050 The citation records this snapshot. The page link may show a newer release later.	USD 1.06 billion Exact value Exact value: 1056000000 USD 2019-01-01 – 2019-12-31: 1056000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2019-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 1056000000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1056000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823022000050/cat-20211231.htm#3101337 Filing: 000001823022000050 The citation records this snapshot. The page link may show a newer release later.	USD 5.86 billion Calculation and evidence 6912000000 − 1056000000 USD Exact free cash flow: 5856000000 USD 2019-01-01 – 2019-12-31: 6912000000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 1056000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2019-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 5856000000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6912000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823022000050/cat-20211231.htm#3096479 Filing: 000001823022000050 Input fundies:CapitalExpenditure: 1056000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823022000050/cat-20211231.htm#3101337 Filing: 000001823022000050 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	Unavailable Not reported for this period.	USD 6.33 billion Exact value Exact value: 6327000000 USD 2020-01-01 – 2020-12-31: 6327000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2020-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 6327000000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 6327000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823023000011/cat-20221231.htm#2769542 Filing: 000001823023000011 The citation records this snapshot. The page link may show a newer release later.	USD 978 million Exact value Exact value: 978000000 USD 2020-01-01 – 2020-12-31: 978000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2020-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 978000000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 978000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823023000011/cat-20221231.htm#2774434 Filing: 000001823023000011 The citation records this snapshot. The page link may show a newer release later.	USD 5.35 billion Calculation and evidence 6327000000 − 978000000 USD Exact free cash flow: 5349000000 USD 2020-01-01 – 2020-12-31: 6327000000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 978000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2020-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 5349000000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6327000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823023000011/cat-20221231.htm#2769542 Filing: 000001823023000011 Input fundies:CapitalExpenditure: 978000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823023000011/cat-20221231.htm#2774434 Filing: 000001823023000011 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	Unavailable Not reported for this period.	USD 7.2 billion Exact value Exact value: 7198000000 USD 2021-01-01 – 2021-12-31: 7198000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2021-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 7198000000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 7198000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823024000009/cat-20231231.htm#2528386 Filing: 000001823024000009 The citation records this snapshot. The page link may show a newer release later.	USD 1.09 billion Exact value Exact value: 1093000000 USD 2021-01-01 – 2021-12-31: 1093000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2021-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 1093000000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1093000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823024000009/cat-20231231.htm#2532070 Filing: 000001823024000009 The citation records this snapshot. The page link may show a newer release later.	USD 6.11 billion Calculation and evidence 7198000000 − 1093000000 USD Exact free cash flow: 6105000000 USD 2021-01-01 – 2021-12-31: 7198000000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 1093000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2021-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 6105000000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 7198000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823024000009/cat-20231231.htm#2528386 Filing: 000001823024000009 Input fundies:CapitalExpenditure: 1093000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823024000009/cat-20231231.htm#2532070 Filing: 000001823024000009 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	Unavailable Not reported for this period.	USD 7.77 billion Exact value Exact value: 7766000000 USD 2022-01-01 – 2022-12-31: 7766000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2022-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 7766000000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 7766000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823025000008/cat-20241231.htm#2685320 Filing: 000001823025000008 The citation records this snapshot. The page link may show a newer release later.	USD 1.3 billion Exact value Exact value: 1296000000 USD 2022-01-01 – 2022-12-31: 1296000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2022-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 1296000000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1296000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823025000008/cat-20241231.htm#2689229 Filing: 000001823025000008 The citation records this snapshot. The page link may show a newer release later.	USD 6.47 billion Calculation and evidence 7766000000 − 1296000000 USD Exact free cash flow: 6470000000 USD 2022-01-01 – 2022-12-31: 7766000000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 1296000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2022-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 6470000000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 7766000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823025000008/cat-20241231.htm#2685320 Filing: 000001823025000008 Input fundies:CapitalExpenditure: 1296000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823025000008/cat-20241231.htm#2689229 Filing: 000001823025000008 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	Unavailable Not reported for this period.	USD 12.89 billion Exact value Exact value: 12885000000 USD 2023-01-01 – 2023-12-31: 12885000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2023-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 12885000000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 12885000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2653063 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.	USD 1.6 billion Exact value Exact value: 1597000000 USD 2023-01-01 – 2023-12-31: 1597000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2023-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 1597000000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1597000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2656913 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.	USD 11.29 billion Calculation and evidence 12885000000 − 1597000000 USD Exact free cash flow: 11288000000 USD 2023-01-01 – 2023-12-31: 12885000000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 1597000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2023-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 11288000000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 12885000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2653063 Filing: 000001823026000008 Input fundies:CapitalExpenditure: 1597000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2656913 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	Unavailable Not reported for this period.	USD 12.04 billion Exact value Exact value: 12035000000 USD 2024-01-01 – 2024-12-31: 12035000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2024-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 12035000000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 12035000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2652410 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.	USD 1.99 billion Exact value Exact value: 1988000000 USD 2024-01-01 – 2024-12-31: 1988000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2024-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 1988000000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1988000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2656323 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.	USD 10.05 billion Calculation and evidence 12035000000 − 1988000000 USD Exact free cash flow: 10047000000 USD 2024-01-01 – 2024-12-31: 12035000000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 1988000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2024-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 10047000000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 12035000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2652410 Filing: 000001823026000008 Input fundies:CapitalExpenditure: 1988000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2656323 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	Unavailable Not reported for this period.	USD 11.74 billion Exact value Exact value: 11739000000 USD 2025-01-01 – 2025-12-31: 11739000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CATERPILLAR INC. · 2025-12-31 CATERPILLAR INC. (edgar:18230) Operating Cash Flow: 11739000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 11739000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2651640 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.	USD 2.82 billion Exact value Exact value: 2821000000 USD 2025-01-01 – 2025-12-31: 2821000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CATERPILLAR INC. · 2025-12-31 CATERPILLAR INC. (edgar:18230) Capital Expenditure: 2821000000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2821000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2655734 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.	USD 8.92 billion Calculation and evidence 11739000000 − 2821000000 USD Exact free cash flow: 8918000000 USD 2025-01-01 – 2025-12-31: 11739000000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 2821000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CATERPILLAR INC. · 2025-12-31 CATERPILLAR INC. (edgar:18230) Free cash flow: 8918000000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:13:29Z Snapshot: 1ce5b67d9c27c9213c03645d4ac6f7ac534e3cd10e1c29dc5536c1cfaef2f26d Dimensions: Consolidated View: https://fundies.io/companies/edgar/18230?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 11739000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2651640 Filing: 000001823026000008 Input fundies:CapitalExpenditure: 2821000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/18230/000001823026000008/cat-20251231.htm#2655734 Filing: 000001823026000008 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

394 filings · 27,573 latest values · 27,573 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000018230, 18230, CAT, edgar:18230

Also known as CATERPILLAR INC, CATERPILLAR INC.

CATERPILLAR INC.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation