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Saturday 17 October 2026 Export CAT’s income statement to Excel — free account

Caterpillar Inc.

CAT Industrials Farm & Heavy Construction Machinery

Caterpillar Inc.’s revenue for fiscal 2025 (year ended December 2025) was $67.6 billion, up 4.29% from fiscal 2024. In the quarter to June 2026, revenue grew 24.0%, EPS grew 68.1%, free cash flow grew 47.1% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

729.49 9.60 −1.30%
Market cap
$338.2B
P/E
31.2×
Fwd P/E
37.6×
Dividend yield
0.84%
F-score
5/9
Altman Z
4.32
Beneish M
−2.43
Dividend safety
86/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Caterpillar Inc. (CAT) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Caterpillar Inc. (CAT) trades at a price to free cash flow of 34.4×. Over the past ten years it has ranged from 8.0× (September 2015) to 56.6× (June 2026); the current reading is higher than 93% of that period. That is above the Farm & Heavy Construction Machinery industry median of 22.2× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 33.0× 78.31%
FY2024 18.5× 30.91%
FY2023 14.1× (32.65%)
FY2022 21.0× 11.80%
FY2021 18.8× (5.53%)
FY2020 19.9× 29.28%
FY2019 15.4× (6.37%)
FY2018 16.4× (19.92%)
FY2017 20.5× 34.74%
FY2016 15.2× 58.12%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 50.2× 32.19%
Mar 2026 37.9× 15.03%
Dec 2025 33.0× 22.25%
Sep 2025 27.0× 25.58%
42 more quarters

Against its own ten years

Low 8.0× High 56.6×
Ten-year median 16.8×
Current reading's percentile 93

Price to free cash flow against peers

Company Price to free cash flow
OSK Oshkosh Corporation compare 7.3×
ALG Alamo Group, Inc. compare 13.1×
PCAR PACCAR Inc. compare 15.9×
TEX Terex Corporation compare 16.9×
FSS Federal Signal Corporation compare 20.2×
DE Deere & Company compare 21.6×
AGCO AGCO Corporation compare 22.2×
CNH CNH Industrial N.V. compare 23.6×
CAT Caterpillar Inc. 34.4×
Farm & Heavy Construction Machinery industry median 22.2×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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