Caterpillar annual free cash flow
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2025
Caterpillar Free Cash Flow (FCF) History (CAT)
Caterpillar reported $8.92B in free cash flow for fiscal 2025, a decrease of 11.24% from the previous fiscal year, with a free cash flow margin of 13.19%.
View full Caterpillar company overviewCaterpillar free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $8.92B | −$1.13B | −11.24% | +13.19% |
| 2024 | 2024-12-31 | $10.05B | −$1.24B | −10.99% | +15.50% |
| 2023 | 2023-12-31 | $11.29B | $4.82B | +74.47% | +16.83% |
| 2022 | 2022-12-31 | $6.47B | $365.0M | +5.98% | +10.89% |
| 2021 | 2021-12-31 | $6.11B | $756.0M | +14.13% | +11.98% |
| 2020 | 2020-12-31 | $5.35B | −$507.0M | −8.66% | +12.81% |
| 2019 | 2019-12-31 | $5.86B | $574.0M | +10.87% | +10.88% |
| 2018 | 2018-12-31 | $5.28B | $474.0M | +9.86% | +9.65% |
| 2017 | 2017-12-31 | $4.81B | $278.0M | +6.14% | +10.58% |
| 2016 | 2016-12-31 | $4.53B | −$781.0M | −14.71% | +11.75% |
| 2015 | 2015-12-31 | $5.31B | −$1.21B | −18.52% | +11.30% |
| 2014 | 2014-12-31 | $6.52B | −$1.15B | −15.01% | +11.81% |
| 2013 | 2013-12-31 | $7.67B | $5.83B | +318.16% | +13.78% |
| 2012 | 2012-12-31 | $1.83B | −$2.61B | −58.71% | +2.78% |
| 2011 | 2011-12-31 | $4.44B | $1.01B | +29.35% | +7.39% |
| 2010 | 2010-12-31 | $3.43B | −$1.56B | −31.25% | +8.06% |
| 2009 | 2009-12-31 | $5.00B | $2.64B | +112.37% | +15.42% |
| 2008 | 2008-12-31 | $2.35B | −$3.90B | −62.40% | +4.58% |
| 2007 | 2007-12-31 | $6.25B | — | — | +13.91% |
Caterpillar quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.78B | $1.22B | +47.41% | +18.42% |
| Q1 2026 | 2026-03-31 | $1.14B | $563.0M | +97.24% | +6.56% |
| Q4 2025 | 2025-12-31 | $2.69B | $3.0M | +0.11% | +14.08% |
| Q3 2025 | 2025-09-30 | $3.08B | −$46.0M | −1.47% | +17.46% |
| Q2 2025 | 2025-06-30 | $2.57B | −$113.0M | −4.22% | +15.49% |
| Q1 2025 | 2025-03-31 | $579.0M | −$973.0M | −62.69% | +4.06% |
| Q4 2024 | 2024-12-31 | $2.69B | −$777.0M | −22.41% | +16.59% |
| Q3 2024 | 2024-09-30 | $3.13B | −$557.0M | −15.13% | +19.40% |
| Q2 2024 | 2024-06-30 | $2.68B | −$308.0M | −10.31% | +16.06% |
| Q1 2024 | 2024-03-31 | $1.55B | $401.0M | +34.84% | +9.82% |
| Q4 2023 | 2023-12-31 | $3.47B | $1.16B | +50.02% | +20.31% |
| Q3 2023 | 2023-09-30 | $3.68B | $1.48B | +67.44% | +21.90% |
| Q2 2023 | 2023-06-30 | $2.99B | $995.0M | +49.92% | +17.25% |
| Q1 2023 | 2023-03-31 | $1.15B | $1.18B | — | +7.26% |
| Q4 2022 | 2022-12-31 | $2.31B | $1.32B | +132.96% | +13.92% |
| Q3 2022 | 2022-09-30 | $2.20B | $713.0M | +47.98% | +14.67% |
| Q2 2022 | 2022-06-30 | $1.99B | $42.0M | +2.15% | +13.99% |
| Q1 2022 | 2022-03-31 | −$33.0M | −$1.71B | — | −0.24% |
| Q4 2021 | 2021-12-31 | $992.0M | −$788.0M | −44.27% | +7.19% |
| Q3 2021 | 2021-09-30 | $1.49B | −$34.0M | −2.24% | +11.99% |
| Q2 2021 | 2021-06-30 | $1.95B | $727.0M | +59.40% | +15.14% |
| Q1 2021 | 2021-03-31 | $1.68B | $851.0M | +103.15% | +14.10% |
| Q4 2020 | 2020-12-31 | $1.78B | −$321.0M | −15.28% | +15.84% |
| Q3 2020 | 2020-09-30 | $1.52B | $995.0M | +189.52% | +15.38% |
| Q2 2020 | 2020-06-30 | $1.22B | −$1.16B | −48.72% | +12.24% |
| Q1 2020 | 2020-03-31 | $825.0M | −$18.0M | −2.14% | +7.76% |
| Q4 2019 | 2019-12-31 | $2.10B | $373.0M | +21.59% | +15.98% |
| Q3 2019 | 2019-09-30 | $525.0M | −$591.0M | −52.96% | +4.12% |
| Q2 2019 | 2019-06-30 | $2.39B | $472.0M | +24.65% | +16.54% |
| Q1 2019 | 2019-03-31 | $843.0M | $320.0M | +61.19% | +6.26% |
| Q4 2018 | 2018-12-31 | $1.73B | $1.52B | +726.79% | +12.05% |
| Q3 2018 | 2018-09-30 | $1.12B | $70.0M | +6.69% | +8.26% |
| Q2 2018 | 2018-06-30 | $1.92B | −$300.0M | −13.54% | +13.67% |
| Q1 2018 | 2018-03-31 | $523.0M | −$815.0M | −60.91% | +4.07% |
| Q4 2017 | 2017-12-31 | $209.0M | −$1.15B | −84.65% | +1.62% |
| Q3 2017 | 2017-09-30 | $1.05B | $102.0M | +10.81% | +9.16% |
| Q2 2017 | 2017-06-30 | $2.21B | $124.0M | +5.93% | +19.55% |
| Q1 2017 | 2017-03-31 | $1.34B | $1.21B | +906.02% | +13.62% |
| Q4 2016 | 2016-12-31 | $1.36B | −$31.0M | −2.23% | +14.23% |
| Q3 2016 | 2016-09-30 | $944.0M | −$272.0M | −22.37% | +10.31% |
| Q2 2016 | 2016-06-30 | $2.09B | $222.0M | +11.88% | +20.22% |
| Q1 2016 | 2016-03-31 | $133.0M | −$700.0M | −84.03% | +1.41% |
| Q4 2015 | 2015-12-31 | $1.39B | −$11.0M | −0.78% | +12.63% |
| Q3 2015 | 2015-09-30 | $1.22B | −$474.0M | −28.05% | +11.09% |
| Q2 2015 | 2015-06-30 | $1.87B | −$112.0M | −5.65% | +15.17% |
| Q1 2015 | 2015-03-31 | $833.0M | −$610.0M | −42.27% | +6.56% |
| Q4 2014 | 2014-12-31 | $1.40B | −$516.0M | −26.88% | +9.86% |
| Q3 2014 | 2014-09-30 | $1.69B | −$853.0M | −33.54% | +12.47% |
| Q2 2014 | 2014-06-30 | $1.98B | −$697.0M | −26.03% | +14.00% |
| Q1 2014 | 2014-03-31 | $1.44B | $915.0M | +173.30% | +10.90% |
| Q4 2013 | 2013-12-31 | $1.92B | $1.03B | +116.70% | +13.33% |
| Q3 2013 | 2013-09-30 | $2.54B | $2.06B | +432.01% | +18.95% |
| Q2 2013 | 2013-06-30 | $2.68B | $1.68B | +168.07% | +18.32% |
| Q1 2013 | 2013-03-31 | $528.0M | $1.06B | — | +4.00% |
| Q4 2012 | 2012-12-31 | $886.0M | $444.0M | +100.45% | +5.51% |
| Q3 2012 | 2012-09-30 | $478.0M | −$1.15B | −70.67% | +2.91% |
| Q2 2012 | 2012-06-30 | $999.0M | −$1.15B | −53.49% | +5.75% |
| Q1 2012 | 2012-03-31 | −$529.0M | −$751.0M | — | −3.31% |
| Q4 2011 | 2011-12-31 | $442.0M | −$1.12B | −71.65% | +2.56% |
| Q3 2011 | 2011-09-30 | $1.63B | $1.01B | +164.61% | +10.37% |
| Q2 2011 | 2011-06-30 | $2.15B | $1.24B | +135.53% | +15.09% |
| Q1 2011 | 2011-03-31 | $222.0M | −$125.0M | −36.02% | +1.71% |
| Q4 2010 | 2010-12-31 | $1.56B | $331.0M | +26.95% | +12.17% |
| Q3 2010 | 2010-09-30 | $616.0M | −$791.0M | −56.22% | +5.53% |
| Q2 2010 | 2010-06-30 | $912.0M | −$777.0M | −46.00% | +8.76% |
| Q1 2010 | 2010-03-31 | $347.0M | −$324.0M | −48.29% | +4.21% |
| Q4 2009 | 2009-12-31 | $1.23B | $401.0M | +48.49% | +15.55% |
| Q3 2009 | 2009-09-30 | $1.41B | — | — | +19.28% |
| Q2 2009 | 2009-06-30 | $1.69B | — | — | +21.18% |
| Q1 2009 | 2009-03-31 | $671.0M | — | — | +7.27% |
| Q3 2008 | 2008-09-30 | $827.0M | — | — | +6.37% |
Caterpillar free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $5.35B to $8.92B, a compound annual growth rate of 10.76%. Caterpillar's latest reported quarter, Q2 2026, generated $3.78B in free cash flow, an increase of 47.41% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Caterpillar filings at SEC.gov ↗