Caterpillar (CAT) Ratios
Caterpillar Ratios
MX:CAT's free cash flow for Q3 2026 was $5.30B. For the 2026 fiscal year, MX:CAT's free cash flow was increased by $948.00M and operating cash flow was $4.35B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.44 | 1.42 | 1.35 | 1.39 | 1.46 |
| Quick Ratio | 0.94 | 0.89 | 0.87 | 0.87 | 0.99 |
| Cash Ratio | 0.27 | 0.21 | 0.20 | 0.22 | 0.31 |
| Solvency Ratio | 0.14 | 0.19 | 0.18 | 0.14 | 0.13 |
| Operating Cash Flow Ratio | 0.32 | 0.37 | 0.37 | 0.25 | 0.24 |
| Short-Term Operating Cash Flow Coverage | 0.93 | 1.09 | 0.96 | 0.69 | 0.61 |
| Net Current Asset Value | $ -24.78B | $ -22.59B | $ -21.02B | $ -22.27B | $ -22.82B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.44 | 0.44 | 0.43 | 0.45 | 0.46 |
| Debt-to-Equity Ratio | 2.03 | 1.97 | 1.94 | 2.33 | 2.29 |
| Debt-to-Capital Ratio | 0.67 | 0.66 | 0.66 | 0.70 | 0.70 |
| Long-Term Debt-to-Capital Ratio | 0.59 | 0.58 | 0.56 | 0.62 | 0.61 |
| Financial Leverage Ratio | 4.62 | 4.50 | 4.49 | 5.16 | 5.02 |
| Debt Service Coverage Ratio | 0.88 | 1.16 | 0.93 | 0.80 | 0.76 |
| Interest Coverage Ratio | 10.88 | 25.53 | 25.37 | 17.84 | 14.18 |
| Debt to Market Cap | 0.16 | 0.22 | 0.25 | 0.29 | 0.34 |
| Interest Debt Per Share | 95.09 | 79.97 | 75.18 | 71.05 | 70.36 |
| Net Debt to EBITDA | 2.25 | 1.97 | 1.97 | 2.63 | 2.58 |
| Profitability Margins | |||||
| Gross Profit Margin | 32.34% | 35.99% | 34.69% | 29.47% | 29.43% |
| EBIT Margin | 18.63% | 21.42% | 20.22% | 15.47% | 17.05% |
| EBITDA Margin | 21.98% | 24.75% | 23.42% | 19.21% | 21.67% |
| Operating Profit Margin | 16.59% | 20.17% | 19.33% | 13.30% | 13.49% |
| Pretax Profit Margin | 17.11% | 20.70% | 19.55% | 14.76% | 16.16% |
| Net Profit Margin | 13.13% | 16.65% | 15.41% | 11.28% | 12.73% |
| Continuous Operations Profit Margin | 13.01% | 16.65% | 15.41% | 11.28% | 12.74% |
| Net Income Per EBT | 76.74% | 80.44% | 78.81% | 76.45% | 78.80% |
| EBT Per EBIT | 103.15% | 102.64% | 101.13% | 110.97% | 119.73% |
| Return on Assets (ROA) | 9.00% | 12.30% | 11.81% | 8.18% | 7.84% |
| Return on Equity (ROE) | 41.62% | 55.37% | 53.02% | 42.25% | 39.37% |
| Return on Capital Employed (ROCE) | 18.07% | 23.56% | 24.58% | 15.68% | 12.99% |
| Return on Invested Capital (ROIC) | 11.42% | 15.79% | 15.44% | 9.79% | 8.38% |
| Return on Tangible Assets | 9.54% | 13.14% | 12.66% | 8.83% | 8.60% |
| Earnings Yield | 3.32% | 6.11% | 6.85% | 5.31% | 5.77% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.13 | 3.44 | 3.56 | 3.33 | 2.93 |
| Payables Turnover | 5.10 | 5.41 | 5.54 | 4.82 | 4.41 |
| Inventory Turnover | 2.52 | 2.47 | 2.64 | 2.58 | 2.56 |
| Fixed Asset Turnover | 4.46 | 4.85 | 5.29 | 4.94 | 4.22 |
| Asset Turnover | 0.69 | 0.74 | 0.77 | 0.73 | 0.62 |
| Working Capital Turnover Ratio | 4.61 | 5.06 | 5.48 | 4.60 | 3.73 |
| Cash Conversion Cycle | 189.65 | 186.67 | 174.60 | 175.77 | 184.13 |
| Days of Sales Outstanding | 116.48 | 106.15 | 102.44 | 109.75 | 124.42 |
| Days of Inventory Outstanding | 144.75 | 148.05 | 138.05 | 141.68 | 142.46 |
| Days of Payables Outstanding | 71.58 | 67.53 | 65.89 | 75.66 | 82.75 |
| Operating Cycle | 261.23 | 254.20 | 240.49 | 251.43 | 266.88 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 25.16 | 24.73 | 25.24 | 14.74 | 13.23 |
| Free Cash Flow Per Share | 15.98 | 18.12 | 19.18 | 9.81 | 8.69 |
| Dividend Paid and CapEx Coverage Ratio | 1.67 | 2.05 | 2.28 | 1.54 | 1.50 |
| Capital Expenditure Coverage Ratio | 2.74 | 3.74 | 4.17 | 2.99 | 2.91 |
| Operating Cash Flow Coverage Ratio | 0.27 | 0.31 | 0.34 | 0.21 | 0.19 |
| Operating Cash Flow to Sales Ratio | 0.17 | 0.19 | 0.19 | 0.13 | 0.14 |
| Free Cash Flow Yield | 2.79% | 5.00% | 6.49% | 4.09% | 4.20% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 30.31 | 16.36 | 14.61 | 18.83 | 17.33 |
| Price-to-Sales (P/S) Ratio | 3.95 | 2.72 | 2.25 | 2.12 | 2.21 |
| Price-to-Book (P/B) Ratio | 12.54 | 9.06 | 7.74 | 7.95 | 6.82 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 35.86 | 20.02 | 15.42 | 24.43 | 23.80 |
| Price-to-Operating Cash Flow Ratio | 22.77 | 14.67 | 11.72 | 16.25 | 15.62 |
| Price-to-Earnings Growth (PEG) Ratio | -2.06 | 1.72 | 0.25 | 2.81 | 0.15 |
| Enterprise Value Multiple | 20.24 | 12.97 | 11.58 | 13.69 | 12.77 |
| Enterprise Value | 300.59B | 208.08B | 181.87B | 156.21B | 141.00B |
| EV to EBITDA | 20.24 | 12.97 | 11.58 | 13.69 | 12.77 |
| EV to Sales | 4.45 | 3.21 | 2.71 | 2.63 | 2.77 |
| EV to Free Cash Flow | 40.33 | 23.59 | 18.57 | 30.23 | 29.84 |
| EV to Operating Cash Flow | 25.61 | 17.29 | 14.11 | 20.12 | 19.59 |
| Tangible Book Value Per Share | 33.77 | 28.47 | 26.70 | 18.68 | 16.82 |
| Shareholders’ Equity Per Share | 45.70 | 40.05 | 38.18 | 30.12 | 30.30 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | 0.20 | 0.21 | 0.24 | 0.21 |
| Revenue Per Share | 144.89 | 133.16 | 131.34 | 112.79 | 93.70 |
| Net Income Per Share | 19.02 | 22.17 | 20.24 | 12.73 | 11.93 |
| Tax Burden | 0.77 | 0.80 | 0.79 | 0.76 | 0.79 |
| Interest Burden | 0.92 | 0.97 | 0.97 | 0.95 | 0.95 |
| Research & Development to Revenue | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| SG&A to Revenue | 0.10 | 0.10 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.32 | 1.12 | 1.25 | 1.16 | 1.11 |
Currency in USD