Caterpillar annual free cash flow
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2024
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 | — | — | +15.55% |
| Q3 2009 | 2009-09-30 | $1.41B | $580.0M | +70.13% | +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 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 source filings ↗Community posts
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